Segment Information (Tables)

3 Months Ended

Mar. 31, 2017

Segment Information

Schedule of operating segment results

The company’s segment results are as follows (in thousands):

			Metals		Steel
For the three months ended	Steel		Recycling		Fabrication
March 31, 2017	Operations		Operations		Operations		Other			Eliminations			Consolidated
Net Sales
External	$	1,633,630	$	310,951	$	194,035	$	88,951		$	-		$	2,227,567
External Non-U.S.		87,703		52,885		61		-			-			140,649
Other segments		54,343		356,301		12		334			(410,990)			-
		1,775,676		720,137		194,108		89,285			(410,990)			2,368,216
Operating income (loss)		348,532		17,849		23,726		(53,970)	(1)		(1,571)	(2)		334,566
Income (loss) before income taxes		326,764		16,072		22,339		(59,352)			(1,571)			304,252
Depreciation and amortization		56,331		13,035		2,971		2,720			-			75,057
Capital expenditures		33,578		6,776		1,151		172			-			41,677
As of March 31, 2017
Assets	$	4,274,952	$	1,010,993	$	354,256	$	1,202,678	(3)	$	(138,844)	(4)	$	6,704,035

Footnotes related to the three months ended March 31, 2017 segment results (in millions):
(1)	Corporate SG&A	$	(12.4)	(2)	Gross profit increase from intra-company sales	$	(1.6)
	Company-wide equity-based compensation		(9.6)
	Profit sharing		(26.5)
	Other, net		(5.5)
		$	(54.0)
(3)	Cash and equivalents	$	947.0	(4)	Elimination of intra-company receivables	$	(109.5)
	Accounts receivable		7.9		Elimination of intra-company debt		(15.1)
	Inventories		28.7		Other		(14.2)
	Property, plant and equipment, net		166.2			$	(138.8)
	Intra-company debt		15.1
	Other		37.8
		$	1,202.7

Note 8.  Segment Information (Continued)

			Metals		Steel
For the three months ended	Steel		Recycling		Fabrication
March 31, 2016	Operations		Operations		Operations		Other			Eliminations			Consolidated
Net Sales
External	$	1,156,969	$	236,757	$	180,041	$	74,626		$	-		$	1,648,393
External Non-U.S.		60,207		32,650		14		37			-			92,908
Other segments		41,212		217,778		26		1,226			(260,242)			-
		1,258,388		487,185		180,081		75,889			(260,242)			1,741,301
Operating income (loss)		132,275		2,767		32,016		(31,930)	(1)		(3,163)	(2)		131,965
Income (loss) before income taxes		109,375		(223)		30,016		(39,291)			(3,163)			96,714
Depreciation and amortization		52,483		14,580		2,821		4,152			(51)			73,985
Capital expenditures		23,904		3,080		604		120			-			27,708

Footnotes related to the three months ended March 31, 2016 segment results (in millions):
(1)	Corporate SG&A	$	(11.1)	(2)	Gross profit decrease from intra-company sales	$	(3.2)
	Company-wide equity-based compensation		(7.0)
	Profit sharing		(8.2)
	Other, net		(5.6)
		$	(31.9)