Segment Information (Tables)

6 Months Ended

Jun. 30, 2017

Segment Information

Schedule of operating segment results

Note 8.  Segment Information (Continued)

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

			Metals		Steel
For the three months ended	Steel		Recycling		Fabrication
June 30, 2017	Operations		Operations		Operations		Other			Eliminations			Consolidated
Net Sales
External	$	1,690,973	$	298,457	$	197,834	$	91,083		$	-		$	2,278,347
External Non-U.S.		67,269		45,072		32		-			-			112,373
Other segments		63,710		350,487		143		615			(414,955)			-
		1,821,952		694,016		198,009		91,698			(414,955)			2,390,720
Operating income (loss)		269,929		16,495		20,147		(43,110)	(1)		1,892	(2)		265,353
Income (loss) before income taxes		248,562		14,582		18,633		(48,350)			1,892			235,319
Depreciation and amortization		56,150		11,993		2,906		2,752			-			73,801
Capital expenditures		36,707		3,174		3,073		320			-			43,274
As of June 30, 2017
Assets	$	4,309,720	$	1,009,650	$	368,360	$	1,123,951	(3)	$	(141,551)	(4)	$	6,670,130

Footnotes related to the three months ended June 30, 2017, segment results (in millions):
(1)	Corporate SG&A	$	(13.4)	(2)	Gross profit increase from intra-company sales	$	1.9
	Company-wide equity-based compensation		(7.1)
	Profit sharing		(20.1)
	Other, net		(2.5)
		$	(43.1)
(3)	Cash and equivalents	$	860.2	(4)	Elimination of intra-company receivables	$	(117.6)
	Accounts receivable		12.8		Elimination of intra-company debt		(11.6)
	Inventories		39.5		Other		(12.4)
	Property, plant and equipment, net		163.9			$	(141.6)
	Intra-company debt		11.6
	Other		36.0
		$	1,124.0

Note 8.  Segment Information (Continued)

			Metals		Steel
For the three months ended	Steel		Recycling		Fabrication
June 30, 2016	Operations		Operations		Operations		Other			Eliminations			Consolidated
Net Sales
External	$	1,408,993	$	271,985	$	170,477	$	75,450		$	-		$	1,926,905
External Non-U.S.		57,711		39,075		65		146			-			96,997
Other segments		66,594		279,664		1,178		1,269			(348,705)			-
		1,533,298		590,724		171,720		76,865			(348,705)			2,023,902
Operating income (loss)		273,111		11,093		23,470		(45,569)	(1)		(5,983)	(2)		256,122
Income (loss) before income taxes		250,683		8,086		21,514		(53,006)			(5,983)			221,294
Depreciation and amortization		53,675		14,250		2,762		4,160			(52)			74,795
Capital expenditures		30,098		4,482		567		539			-			35,686

Footnotes related to the three months ended June 30, 2016, segment results (in millions):
(1)	Corporate SG&A	$	(14.8)	(2)	Gross profit decrease from intra-company sales	$	(6.0)
	Company-wide equity-based compensation		(7.3)
	Profit sharing		(18.5)
	Other, net		(5.0)
		$	(45.6)

			Metals		Steel
For the six months ended	Steel		Recycling		Fabrication
June 30, 2017	Operations		Operations		Operations		Other			Eliminations			Consolidated
Net Sales
External	$	3,324,603	$	609,408	$	391,869	$	180,034		$	-		$	4,505,914
External Non-U.S.		154,972		97,957		93		-			-			253,022
Other segments		118,053		706,788		155		949			(825,945)			-
		3,597,628		1,414,153		392,117		180,983			(825,945)			4,758,936
Operating income (loss)		618,461		34,344		43,873		(97,080)	(1)		321	(2)		599,919
Income (loss) before income taxes		575,326		30,654		40,972		(107,702)			321			539,571
Depreciation and amortization		112,481		25,028		5,877		5,472			-			148,858
Capital expenditures		70,285		9,950		4,224		492			-			84,951

Footnotes related to the six months ended June 30, 2017, segment results (in millions):
(1)	Corporate SG&A	$	(25.8)	(2)	Gross profit increase from intra-company sales	$	0.3
	Company-wide equity-based compensation		(16.7)
	Profit sharing		(46.6)
	Other, net		(8.0)
		$	(97.1)

Note 8.  Segment Information (Continued)

			Metals		Steel
For the six months ended	Steel		Recycling		Fabrication
June 30, 2016	Operations		Operations		Operations		Other			Eliminations			Consolidated
Net Sales
External	$	2,565,962	$	508,742	$	350,518	$	150,076		$	-		$	3,575,298
External Non-U.S.		117,918		71,725		79		183			-			189,905
Other segments		107,806		497,442		1,204		2,495			(608,947)			-
		2,791,686		1,077,909		351,801		152,754			(608,947)			3,765,203
Operating income (loss)		405,386		13,860		55,486		(77,499)	(1)		(9,146)	(2)		388,087
Income (loss) before income taxes		360,058		7,863		51,530		(92,297)			(9,146)			318,008
Depreciation and amortization		106,158		28,830		5,583		8,312			(103)			148,780
Capital expenditures		54,002		7,562		1,171		659			-			63,394

Footnotes related to the six months ended June 30, 2016, segment results (in millions):
(1)	Corporate SG&A	$	(25.9)	(2)	Gross profit decrease from intra-company sales	$	(9.1)
	Company-wide equity-based compensation		(14.3)
	Profit sharing		(26.7)
	Other, net		(10.6)
		$	(77.5)