XML 33 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current assets    
Cash and equivalents $ 160,982us-gaap_CashAndCashEquivalentsAtCarryingValue $ 361,363us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net 741,309us-gaap_AccountsReceivableNetCurrent 859,835us-gaap_AccountsReceivableNetCurrent
Accounts receivable related parties 28,432us-gaap_DueFromRelatedPartiesCurrent 42,990us-gaap_DueFromRelatedPartiesCurrent
Inventories 1,453,242us-gaap_InventoryNet 1,618,419us-gaap_InventoryNet
Deferred income taxes 33,414us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent 35,503us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
Other current assets 34,846us-gaap_OtherAssetsCurrent 55,655us-gaap_OtherAssetsCurrent
Total current assets 2,452,225us-gaap_AssetsCurrent 2,973,765us-gaap_AssetsCurrent
Property, plant and equipment, net 3,085,587us-gaap_PropertyPlantAndEquipmentNet 3,123,906us-gaap_PropertyPlantAndEquipmentNet
Restricted cash 19,242us-gaap_RestrictedCashAndCashEquivalentsNoncurrent 19,312us-gaap_RestrictedCashAndCashEquivalentsNoncurrent
Intangible assets, net 364,620us-gaap_IntangibleAssetsNetExcludingGoodwill 370,669us-gaap_IntangibleAssetsNetExcludingGoodwill
Goodwill 743,528us-gaap_Goodwill 745,158us-gaap_Goodwill
Other assets 70,636us-gaap_OtherAssetsNoncurrent 78,217us-gaap_OtherAssetsNoncurrent
Total assets 6,735,838us-gaap_Assets 7,311,027us-gaap_Assets
Current liabilities    
Accounts payable 367,267us-gaap_AccountsPayableCurrent 489,791us-gaap_AccountsPayableCurrent
Accounts payable-related parties 9,695us-gaap_AccountsPayableRelatedPartiesCurrent 21,265us-gaap_AccountsPayableRelatedPartiesCurrent
Income taxes payable 5,116us-gaap_AccruedIncomeTaxesCurrent 6,086us-gaap_AccruedIncomeTaxesCurrent
Accrued payroll and benefits 66,427us-gaap_EmployeeRelatedLiabilitiesCurrent 128,968us-gaap_EmployeeRelatedLiabilitiesCurrent
Accrued interest 51,800us-gaap_InterestPayableCurrent 50,405us-gaap_InterestPayableCurrent
Accrued expenses 87,302us-gaap_AccruedLiabilitiesCurrent 107,607us-gaap_AccruedLiabilitiesCurrent
Current maturities of long-term debt 30,727us-gaap_LongTermDebtCurrent 46,460us-gaap_LongTermDebtCurrent
Total current liabilities 618,334us-gaap_LiabilitiesCurrent 850,582us-gaap_LiabilitiesCurrent
Long-term debt    
Senior term loan 234,375us-gaap_SecuredLongTermDebt 237,500us-gaap_SecuredLongTermDebt
Senior notes 2,350,000us-gaap_UnsecuredLongTermDebt 2,700,000us-gaap_UnsecuredLongTermDebt
Other long-term debt 39,069us-gaap_OtherLongTermDebtNoncurrent 40,206us-gaap_OtherLongTermDebtNoncurrent
Total long-term debt 2,623,444us-gaap_LongTermDebtNoncurrent 2,977,706us-gaap_LongTermDebtNoncurrent
Deferred income taxes 555,031us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent 542,033us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent
Other liabilities 15,936us-gaap_OtherLiabilitiesNoncurrent 18,839us-gaap_OtherLiabilitiesNoncurrent
Commitments and contingencies      
Redeemable noncontrolling interests 126,340us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount 126,340us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount
Equity    
Common stock voting, $.0025 par value; 900,000,000 shares authorized; 261,539,685 and 261,420,126 shares issued; and 241,688,172 and 241,449,423 shares outstanding, as of March 31, 2015 and December 31, 2014, respectively 635us-gaap_CommonStockValue 635us-gaap_CommonStockValue
Treasury stock, at cost; 19,851,513 and 19,970,703 shares, as of March 31, 2015 and December 31, 2014, respectively (396,517)us-gaap_TreasuryStockValue (398,898)us-gaap_TreasuryStockValue
Additional paid-in capital 1,088,605us-gaap_AdditionalPaidInCapitalCommonStock 1,083,435us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 2,225,354us-gaap_RetainedEarningsAccumulatedDeficit 2,227,843us-gaap_RetainedEarningsAccumulatedDeficit
Total Steel Dynamics, Inc. equity 2,918,077us-gaap_StockholdersEquity 2,913,015us-gaap_StockholdersEquity
Noncontrolling interests (121,324)us-gaap_MinorityInterest (117,488)us-gaap_MinorityInterest
Total equity 2,796,753us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 2,795,527us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity $ 6,735,838us-gaap_LiabilitiesAndStockholdersEquity $ 7,311,027us-gaap_LiabilitiesAndStockholdersEquity