XML 17 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales        
Unrelated parties $ 1,978,984 $ 1,945,983 $ 3,676,988 $ 3,949,956
Related parties 44,918 59,024 88,215 102,486
Total net sales 2,023,902 2,005,007 3,765,203 4,052,442
Costs of goods sold 1,643,519 1,833,264 3,148,784 3,693,657
Gross profit 380,383 171,743 616,419 358,785
Selling, general and administrative expenses 96,853 82,660 184,383 159,010
Profit sharing 20,176 5,031 29,467 9,629
Amortization of intangible assets 7,232 6,493 14,482 12,816
Operating income 256,122 77,559 388,087 177,330
Interest expense, net of capitalized interest 36,646 37,163 73,689 80,250
Other expense (income), net (1,818) (1,212) (3,610) 14,980
Income before income taxes 221,294 41,608 318,008 82,100
Income taxes 80,851 16,283 116,247 29,821
Net income 140,443 25,325 201,761 52,279
Net loss attributable to noncontrolling interests 1,526 6,225 2,945 10,032
Net income attributable to Steel Dynamics, Inc. $ 141,969 $ 31,550 $ 204,706 $ 62,311
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders $ 0.58 $ 0.13 $ 0.84 $ 0.26
Weighted average common shares outstanding - basic (in shares) 243,655 241,900 243,429 241,718
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 0.58 $ 0.13 $ 0.84 $ 0.26
Weighted average common shares and share equivalents outstanding (in shares) 245,392 243,491 245,000 243,179
Dividends declared per share (in dollars per share) $ 0.1400 $ 0.1375 $ 0.2750 $ 0.2750