The company’s segment results for the three- and six-month periods ended June 30, 2015, and 2014, are as follows (in thousands):

For the three months ended

	Steel Operations		Metals Recycling and Ferrous Resources Operations			Steel Fabrication Operations		Other			Eliminations			Consolidated
June 30, 2015
Net Sales
External	$	1,303,278	$	416,525		$	154,513	$	13,044		$	—		$	1,887,360
External Non-U.S.	72,399		45,108			—		140			—			117,647
Other segments	53,560		218,480			12		5,973			(278,025		)	—

	1,429,237		680,113			154,525		19,157			(278,025		)	2,005,007

Operating income (loss)	107,761		(35,182		)	27,660		(18,191		)(1)	(4,489		)(2)	77,559
Income (loss) before income taxes	86,039		(40,312		)	25,879		(25,508		)	(4,490		)	41,608
Depreciation and amortization	49,171		21,775			2,158		1,221			(52		)	74,273
Capital expenditures	9,762		12,121			534		404			—			22,821

As of June 30, 2015
Assets	4,023,351		2,023,082			295,642		693,993		(3)	(209,305		)(4)	6,826,763
Liabilities	710,780		541,396			57,566		2,792,947		(5)	(200,626		)(6)	3,902,063

Footnotes related to the three months ended June 30, 2015 segment results (in millions):

(1)	Corporate SG&A	$	(8.1	)
	Company-wide equity-based compensation	(6.3		)
	Profit sharing	(3.5		)
	Other, net	(0.3		)

		$	(18.2	)


(2)	Gross profit decrease from intra-company sales	$	(4.5	)


(3)	Cash and equivalents	$	355.6
	Accounts receivable	8.4
	Inventories	12.3
	Deferred income taxes	31.4
	Property, plant and equipment, net	67.1
	Debt issuance costs	35.6
	Intra-company debt	146.6
	Other	37.0

		$	694.0


(4)	Elimination of intra-company receivables	$	(53.1	)
	Elimination of intra-company debt	(146.6		)
	Other	(9.6		)

		$	(209.3	)


(5)	Accounts payable	$	47.8
	Income taxes payable	2.6
	Accrued interest	38.8
	Accrued profit sharing	7.0
	Debt	2,597.0
	Deferred income taxes	79.2
	Other	20.5

		$	2,792.9


(6)	Elimination of intra-company payables	$	(53.5	)
	Elimination of intra-company debt	(146.6		)
	Other	(0.5		)

		$	(200.6	)

For the three months ended

	Steel Operations		Metals Recycling and Ferrous Resources Operations			Steel Fabrication Operations		Other			Eliminations			Consolidated

June 30, 2014
Net Sales
External	$	1,214,247	$	587,385		$	134,852	$	24,181		$	—		$	1,960,665
External Non-U.S.	50,857		57,831			—		408			—			109,096
Other segments	69,802		303,617			—		7,309			(380,728		)	—

	1,334,906		948,833			134,852		31,898			(380,728		)	2,069,761

Operating income (loss)	155,949		(6,053		)	7,590		(24,159		)(1)	(1,422		)(2)	131,905
Income (loss) before income taxes	142,594		(12,634		)	6,099		(31,028		)	(1,422		)	103,609
Depreciation and amortization	28,869		25,870			2,401		1,352			(51		)	58,441
Capital expenditures	16,332		16,384			536		282			—			33,534

As of June 30, 2014
Assets	2,732,388		2,551,899			297,149		624,518		(3)	(220,752		)(4)	5,985,202
Liabilities	578,124		640,459			20,879		1,996,306		(5)	(209,776		)(6)	3,025,992

Footnotes related to the three months ended June 30, 2014 segment results (in millions):

(1)	Corporate SG&A	$	(11.0	)
	Company-wide equity-based compensation	(4.7		)
	Profit sharing	(8.9		)
	Other, net	0.4

		$	(24.2	)


(2)	Gross profit decrease from intra-company sales	$	(1.4	)


(3)	Cash and equivalents	$	299.9
	Accounts receivable	14.4
	Inventories	12.4
	Deferred income taxes	17.7
	Property, plant and equipment, net	70.9
	Debt issuance costs	22.9
	Intra-company debt	158.1
	Other	28.2

		$	624.5


(4)	Elimination of intra-company receivables	$	(52.0	)
	Elimination of intra-company debt	(158.1		)
	Other	(10.7		)

		$	(220.8	)


(5)	Accounts payable	$	46.0
	Income taxes payable	19.4
	Accrued interest	30.5
	Accrued profit sharing	13.6
	Debt	1,737.0
	Deferred income taxes	120.5
	Other	29.3

		$	1,996.3


(6)	Elimination of intra-company payables	$	(52.4	)
	Elimination of intra-company debt	(158.1		)
	Other	0.7

		$	(209.8	)

For the six months ended

	Steel Operations		Metals Recycling and Ferrous Resources Operations			Steel Fabrication Operations		Other			Eliminations			Consolidated

June 30, 2015
Net Sales
External	$	2,616,704	$	843,936		$	315,537	$	35,158		$	—		$	3,811,335
External Non-U.S.	144,392		96,411			—		304			—			241,107
Other segments	102,463		445,558			16		12,662			(560,699		)	—

	2,863,559		1,385,905			315,553		48,124			(560,699		)	4,052,442

Operating income (loss)	219,301		(52,248		)	49,021		(38,111		)(1)	(633		)(2)	177,330
Income (loss) before income taxes	171,945		(64,982		)	45,473		(69,702		)	(634		)	82,100
Depreciation and amortization	97,785		42,613			4,388		2,411			(102		)	147,095
Capital expenditures	24,448		29,779			1,571		374			—			56,172

Footnotes related to the six months ended June 30, 2015 segment results (in millions):

(1)	Corporate SG&A	$	(17.5	)
	Company-wide equity-based compensation	(12.2		)
	Profit sharing	(7.0		)
	Other, net	(1.4		)

	Total	$	(38.1	)


(2)	Gross profit decrease from intra-company sales	$	(0.6	)

For the six months ended

	Steel Operations		Metals Recycling and Ferrous Resources Operations			Steel Fabrication Operations		Other			Eliminations			Consolidated

June 30, 2014
Net Sales
External	$	2,275,326	$	1,105,342		$	250,713	$	44,802		$	—		$	3,676,183
External Non-U.S.	107,376		115,648			—		636			—			223,660
Other segments	113,534		647,545			—		13,982			(775,061		)	—

	2,496,236		1,868,535			250,713		59,420			(775,061		)	3,899,843

Operating income (loss)	261,592		(21,572		)	10,716		(40,704		)(1)	2,805		(2)	212,837
Income (loss) before income taxes	234,592		(35,330		)	7,751		(55,215		)	2,805			154,603
Depreciation and amortization	56,246		52,491			4,623		2,751			(102		)	116,009
Capital expenditures	34,938		22,163			847		427			—			58,375

Footnotes related to the six months ended June 30, 2014 segment results (in millions):

(1)	Corporate SG&A	$	(19.3	)
	Company-wide equity-based compensation	(9.3		)
	Profit sharing	(13.6		)
	Other, net	1.5

	Total	$	(40.7	)


(2)	Gross profit increase from intra-company sales	$	2.8