XML 18 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales        
Unrelated parties $ 2,399,116 $ 2,060,596 $ 7,066,083 $ 5,737,584
Related parties 44,266 40,714 136,235 128,929
Total net sales 2,443,382 2,101,310 7,202,318 5,866,513
Costs of goods sold 2,046,864 1,692,807 5,941,128 4,841,591
Gross profit 396,518 408,503 1,261,190 1,024,922
Selling, general and administrative expenses 97,056 95,185 298,422 279,899
Profit sharing 21,175 22,255 69,714 51,722
Amortization of intangible assets 7,272 7,208 22,120 21,359
Operating income 271,015 283,855 870,934 671,942
Interest expense, net of capitalized interest 34,177 36,199 102,019 109,888
Other expense (income), net 2,526 4,351 (4,968) 741
Income before income taxes 234,312 243,305 773,883 561,313
Income tax expense 83,300 88,892 271,258 205,139
Net income 151,012 154,413 502,625 356,174
Net loss attributable to noncontrolling interests 2,246 2,984 5,383 5,929
Net income attributable to Steel Dynamics, Inc. $ 153,258 $ 157,397 $ 508,008 $ 362,103
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders $ 0.64 $ 0.65 $ 2.11 $ 1.49
Weighted average common shares outstanding - basic (in shares) 239,066 243,761 241,117 243,539
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 0.64 $ 0.64 $ 2.09 $ 1.48
Weighted average common shares and share equivalents outstanding (in shares) 240,880 245,682 242,816 245,227
Dividends declared per share (in dollars per share) $ 0.155 $ 0.140 $ 0.465 $ 0.420