Schedule of operating segment results |
The company’s segment results, including disaggregated revenue by segment to external, external non-United States, and other segment customers, are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Metals | | Steel | | | | | | | | | | For the three months ended | | Steel | | Recycling | | Fabrication | | | | | | | | | | June 30, 2019 | | Operations | | Operations | | Operations | | Other | | Eliminations | | Consolidated | | | | | | | | | | | | | | | | | | | | Net sales - disaggregated revenue | | | | | | | | | | | | | | | | | | | External | | $ | 2,040,756 | | $ | 262,826 | | $ | 240,439 | | $ | 99,641 | | $ | - | | $ | 2,643,662 | External Non-U.S. | | | 65,595 | | | 60,273 | | | 985 | | | - | | | - | | | 126,853 | Other segments | | | 81,834 | | | 333,667 | | | - | | | 121 | | | (415,622) | | | - | | | | 2,188,185 | | | 656,766 | | | 241,424 | | | 99,762 | | | (415,622) | | | 2,770,515 | Operating income (loss) | | | 291,411 | | | 7,619 | | | 30,664 | | | (49,153) | (1) | | 4,491 | (2) | | 285,032 | Income (loss) before income taxes | | | 274,155 | | | 6,500 | | | 29,466 | | | (57,438) | | | 4,277 | | | 256,960 | Depreciation and amortization | | | 63,150 | | | 11,525 | | | 2,974 | | | 3,262 | | | - | | | 80,911 | Capital expenditures | | | 43,575 | | | 12,173 | | | 3,019 | | | 26,353 | | | - | | | 85,120 | | | | | | | | | | | | | | | | | | | | As of June 30, 2019 | | | | | | | | | | | | | | | | | | | Assets | | $ | 5,217,650 | | $ | 987,702 | | $ | 418,023 | | $ | 1,307,873 | (3) | $ | (73,334) | (4) | $ | 7,857,914 | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | Footnotes related to the three months ended June 30, 2019, segment results (in millions): | | | | | | | | | | (1) | Corporate SG&A | $ | (18.0) | | (2) | Gross profit increase from intra-company sales | $ | 4.5 | | Company-wide equity-based compensation | | (8.4) | | | | | | | Profit sharing | | (21.3) | | | | | | | Other, net | | (1.5) | | | | | | | | $ | (49.2) | | | | | | | | | | | | | | | (3) | Cash and equivalents | $ | 916.5 | | (4) | Elimination of intra-company receivables | $ | (57.2) | | Short-term investments | | 109.2 | | | Elimination of intra-company debt | | (8.3) | | Accounts receivable | | 6.0 | | | Other | | (7.8) | | Inventories | | 35.1 | | | | $ | (73.3) | | Property, plant and equipment, net | | 176.5 | | | | | | | Intra-company debt | | 8.3 | | | | | | | Other | | 56.3 | | | | | | | | $ | 1,307.9 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Metals | | Steel | | | | | | | | | | For the three months ended | | Steel | | Recycling | | Fabrication | | | | | | | | | | June 30, 2018 | | Operations | | Operations | | Operations | | Other | | Eliminations | | Consolidated | | | | | | | | | | | | | | | | | | | | Net sales - disaggregated revenue | | | | | | | | | | | | | | | | | | | External | | $ | 2,127,545 | | $ | 347,784 | | $ | 217,438 | | $ | 122,956 | | $ | - | | $ | 2,815,723 | External Non-U.S. | | | 197,882 | | | 76,920 | | | - | | | - | | | - | | | 274,802 | Other segments | | | 110,261 | | | 459,391 | | | 458 | | | 124 | | | (570,234) | | | - | | | | 2,435,688 | | | 884,095 | | | 217,896 | | | 123,080 | | | (570,234) | | | 3,090,525 | Operating income (loss) | | | 533,494 | | | 22,638 | | | 14,144 | | | (63,618) | (1) | | (4,771) | (2) | | 501,887 | Income (loss) before income taxes | | | 516,399 | | | 20,965 | | | 12,640 | | | (69,828) | | | (4,766) | | | 475,410 | Depreciation and amortization | | | 61,769 | | | 11,553 | | | 2,946 | | | 2,852 | | | - | | | 79,120 | Capital expenditures | | | 42,008 | | | 8,947 | | | 2,054 | | | 2,194 | | | - | | | 55,203 | | | | | | | | | | | | | | | | | | | |
Note 10. Segment Information (Continued) | | | | | | | | | Footnotes related to the three months ended June 30, 2018, segment results (in millions): | | | | | | | | | | (1) | Corporate SG&A | $ | (14.5) | | (2) | Gross profit decrease from intra-company sales | $ | (4.8) | | Company-wide equity-based compensation | | (8.5) | | | | | | | Profit sharing | | (40.6) | | | | | | | | $ | (63.6) | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Metals | | Steel | | | | | | | | | | For the six months ended | | Steel | | Recycling | | Fabrication | | | | | | | | | | June 30, 2019 | | Operations | | Operations | | Operations | | Other | | Eliminations | | Consolidated | | | | | | | | | | | | | | | | | | | | Net sales - disaggregated revenue | | | | | | | | | | | | | | | | | | | External | | $ | 4,085,247 | | $ | 548,551 | | $ | 468,868 | | $ | 212,889 | | $ | - | | $ | 5,315,555 | External Non-U.S. | | | 145,674 | | | 125,685 | | | 1,036 | | | - | | | - | | | 272,395 | Other segments | | | 157,429 | | | 719,575 | | | 189 | | | 369 | | | (877,562) | | | - | | | | 4,388,350 | | | 1,393,811 | | | 470,093 | | | 213,258 | | | (877,562) | | | 5,587,950 | Operating income (loss) | | | 600,489 | | | 24,581 | | | 51,287 | | | (106,073) | (1) | | 6,590 | (2) | | 576,874 | Income (loss) before income taxes | | | 567,174 | | | 22,005 | | | 48,817 | | | (120,134) | | | 6,161 | | | 524,023 | Depreciation and amortization | | | 125,662 | | | 22,964 | | | 5,941 | | | 6,518 | | | - | | | 161,085 | Capital expenditures | | | 87,251 | | | 18,815 | | | 5,012 | | | 28,478 | | | - | | | 139,556 | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | Footnotes related to the six months ended June 30, 2019, segment results (in millions): | | | | | | | | | | (1) | Corporate SG&A | $ | (40.6) | | (2) | Gross profit increase from intra-company sales | $ | 6.6 | | Company-wide equity-based compensation | | (17.4) | | | | | | | Profit sharing | | (44.3) | | | | | | | Other, net | | (3.8) | | | | | | | | $ | (106.1) | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Metals | | Steel | | | | | | | | | | For the six months ended | | Steel | | Recycling | | Fabrication | | | | | | | | | | June 30, 2018 | | Operations | | Operations | | Operations | | Other | | Eliminations | | Consolidated | | | | | | | | | | | | | | | | | | | | Net sales - disaggregated revenue | | | | | | | | | | | | | | | | | | | External | | $ | 3,959,848 | | $ | 677,656 | | $ | 418,875 | | $ | 215,427 | | $ | - | | $ | 5,271,806 | External Non-U.S. | | | 287,368 | | | 135,170 | | | 56 | | | - | | | - | | | 422,594 | Other segments | | | 170,246 | | | 824,035 | | | 668 | | | 271 | | | (995,220) | | | - | | | | 4,417,462 | | | 1,636,861 | | | 419,599 | | | 215,698 | | | (995,220) | | | 5,694,400 | Operating income (loss) | | | 868,056 | | | 47,353 | | | 33,935 | | | (119,024) | (1) | | (5,036) | (2) | | 825,284 | Income (loss) before income taxes | | | 832,204 | | | 43,970 | | | 31,097 | | | (130,861) | | | (5,036) | | | 771,374 | Depreciation and amortization | | | 120,910 | | | 23,111 | | | 5,844 | | | 5,390 | | | - | | | 155,255 | Capital expenditures | | | 80,410 | | | 15,893 | | | 4,131 | | | 5,375 | | | - | | | 105,809 | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | Footnotes related to the six months ended June 30, 2018, segment results (in millions): | | | | | | | | | | (1) | Corporate SG&A | $ | (30.2) | | (2) | Gross profit decrease from intra-company sales | $ | (5.0) | | Company-wide equity-based compensation | | (17.0) | | | | | | | Profit sharing | | (66.2) | | | | | | | Other, net | | (5.6) | | | | | | | | $ | (119.0) | | | | | |
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