XML 28 R40.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidating Information (Details 2) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Condensed Consolidating Statements of Operations        
Net sales $ 1,950,923 $ 2,339,016 $ 6,003,365 $ 6,238,859
Costs of goods sold 1,722,197 2,050,504 5,415,854 5,564,272
Gross profit 228,726 288,512 587,511 674,587
Selling, general and administrative 97,697 99,869 279,152 273,107
Operating income 131,029 188,643 308,359 401,480
Interest expense, net of capitalized interest 37,084 31,904 117,334 92,523
Other (income) expense, net 239 22,072 15,219 19,687
Income before income taxes 93,706 134,667 175,806 289,270
Income taxes (benefit) 34,839 47,010 64,660 101,574
Net income 58,867 87,657 111,146 187,696
Net loss attributable to noncontrolling interests 1,750 3,516 11,782 14,359
Net income attributable to Steel Dynamics, Inc. 60,617 91,173 122,928 202,055
Reportable legal entity | Parent        
Condensed Consolidating Statements of Operations        
Net sales 735,250 1,044,207 2,300,024 2,915,339
Costs of goods sold 619,833 856,372 1,982,667 2,477,791
Gross profit 115,417 187,835 317,357 437,548
Selling, general and administrative 35,235 40,932 95,883 105,185
Operating income 80,182 146,903 221,474 332,363
Interest expense, net of capitalized interest 18,312 18,965 57,015 57,357
Other (income) expense, net 252 22,548 15,131 20,016
Income before income taxes 61,618 105,390 149,328 254,990
Income taxes (benefit) 20,169 30,605 35,207 64,480
Net income 41,449 74,785 114,121 190,510
Equity in net loss of subsidiaries 19,168 16,388 8,807 11,545
Net income attributable to Steel Dynamics, Inc. 60,617 91,173 122,928 202,055
Reportable legal entity | Guarantors        
Condensed Consolidating Statements of Operations        
Net sales 2,103,824 2,609,731 6,447,974 7,035,579
Costs of goods sold 1,965,364 2,469,396 6,056,514 6,668,153
Gross profit 138,460 140,335 391,460 367,426
Selling, general and administrative 64,259 59,878 188,028 170,578
Operating income 74,201 80,457 203,432 196,848
Interest expense, net of capitalized interest 18,138 12,238 58,354 33,093
Other (income) expense, net (631) (202) (597) 147
Income before income taxes 56,694 68,421 145,675 163,608
Income taxes (benefit) 21,697 24,754 53,903 58,772
Net income 34,997 43,667 91,772 104,836
Net income attributable to Steel Dynamics, Inc. 34,997 43,667 91,772 104,836
Reportable legal entity | Combined Non-Guarantors        
Condensed Consolidating Statements of Operations        
Net sales 96,204 150,551 302,657 377,639
Costs of goods sold 99,864 162,094 352,980 427,029
Gross profit (3,660) (11,543) (50,323) (49,390)
Selling, general and administrative 2,845 3,601 8,878 10,415
Operating income (6,505) (15,144) (59,201) (59,805)
Interest expense, net of capitalized interest 1,692 1,958 5,084 5,824
Other (income) expense, net (440) (1,530) (2,434) (4,226)
Income before income taxes (7,757) (15,572) (61,851) (61,403)
Income taxes (benefit) (421) (561) (4,047) 949
Net income (7,336) (15,011) (57,804) (62,352)
Net loss attributable to noncontrolling interests 1,750 3,516 11,782 14,359
Net income attributable to Steel Dynamics, Inc. (5,586) (11,495) (46,022) (47,993)
Consolidating Adjustments        
Condensed Consolidating Statements of Operations        
Net sales (984,355) (1,465,473) (3,047,290) (4,089,698)
Costs of goods sold (962,864) (1,437,358) (2,976,307) (4,008,701)
Gross profit (21,491) (28,115) (70,983) (80,997)
Selling, general and administrative (4,642) (4,542) (13,637) (13,071)
Operating income (16,849) (23,573) (57,346) (67,926)
Interest expense, net of capitalized interest (1,058) (1,257) (3,119) (3,751)
Other (income) expense, net 1,058 1,256 3,119 3,750
Income before income taxes (16,849) (23,572) (57,346) (67,925)
Income taxes (benefit) (6,606) (7,788) (20,403) (22,627)
Net income (10,243) (15,784) (36,943) (45,298)
Equity in net loss of subsidiaries (19,168) (16,388) (8,807) (11,545)
Net income attributable to Steel Dynamics, Inc. $ (29,411) $ (32,172) $ (45,750) $ (56,843)