XML 18 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net sales        
Unrelated parties $ 1,838,464 $ 1,624,561 $ 5,302,285 $ 5,359,753
Related parties 73,274 68,829 206,489 225,480
Total net sales 1,911,738 1,693,390 5,508,774 5,585,233
Costs of goods sold 1,714,546 1,536,989 4,987,626 5,045,432
Gross profit 197,192 156,401 521,148 539,801
Selling, general and administrative expenses 67,553 62,984 198,171 188,603
Profit sharing 8,469 3,954 19,891 20,237
Amortization of intangible assets 7,897 8,848 24,075 26,831
Impairment charges   7,894 308 7,894
Total selling, general and administrative expenses 83,919 83,680 242,445 243,565
Operating income 113,273 72,721 278,703 296,236
Interest expense, net of capitalized interest 30,970 41,490 97,064 123,708
Other expense (income), net (1,852) 24,010 (4,144) 32,366
Income before income taxes 84,155 7,221 185,783 140,162
Income taxes 33,065 1,116 70,168 52,975
Net income 51,090 6,105 115,615 87,187
Net loss attributable to noncontrolling interests 6,396 6,728 19,044 15,793
Net income attributable to Steel Dynamics, Inc. $ 57,486 $ 12,833 $ 134,659 $ 102,980
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) $ 0.26 $ 0.06 $ 0.61 $ 0.47
Weighted average common shares outstanding (in shares) 220,926 219,191 220,464 219,097
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 0.25 $ 0.06 $ 0.59 $ 0.47
Weighted average common shares and share equivalents outstanding (in shares) 239,001 220,044 238,497 236,536
Dividends declared per share (in dollars per share) $ 0.11 $ 0.10 $ 0.33 $ 0.30