Condensed Consolidating Information - Statements of Operations (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2019 |
Mar. 31, 2019 |
Jun. 30, 2018 |
Jun. 30, 2019 |
Jun. 30, 2018 |
|
Condensed Consolidating Statements of Operations | |||||
Net sales | $ 2,770,515 | $ 3,090,525 | $ 5,587,950 | $ 5,694,400 | |
Costs of goods sold | 2,349,349 | 2,438,443 | 4,733,214 | 4,578,902 | |
Gross profit | 421,166 | 652,082 | 854,736 | 1,115,498 | |
Selling, general and administrative | 136,134 | 150,195 | 277,862 | 290,214 | |
Operating income | 285,032 | 501,887 | 576,874 | 825,284 | |
Interest expense, net of capitalized interest | 32,321 | 31,512 | 63,443 | 63,408 | |
Other (income) expense, net | (4,249) | (5,035) | (10,592) | (9,498) | |
Income before income taxes | 256,960 | 475,410 | 524,023 | 771,374 | |
Income taxes (benefit) | 60,214 | 112,838 | 122,450 | 183,327 | |
Net income | 196,746 | $ 204,827 | 362,572 | 401,573 | 588,047 |
Net (income) loss attributable to noncontrolling interests | (2,444) | (123) | (2,943) | 1,953 | |
Net income attributable to Steel Dynamics, Inc. | 194,302 | 362,449 | 398,630 | 590,000 | |
Parent | |||||
Condensed Consolidating Statements of Operations | |||||
Net sales | 1,097,010 | 1,294,096 | 2,221,745 | 2,330,770 | |
Costs of goods sold | 908,232 | 970,636 | 1,814,227 | 1,789,781 | |
Gross profit | 188,778 | 323,460 | 407,518 | 540,989 | |
Selling, general and administrative | 61,028 | 77,088 | 130,034 | 140,015 | |
Operating income | 127,750 | 246,372 | 277,484 | 400,974 | |
Interest expense, net of capitalized interest | 19,448 | 19,386 | 38,102 | 38,009 | |
Other (income) expense, net | (4,958) | (5,975) | (12,358) | (11,178) | |
Income before income taxes | 113,260 | 232,961 | 251,740 | 374,143 | |
Income taxes (benefit) | 27,033 | 51,738 | 57,797 | 81,484 | |
Net income | 86,227 | 181,223 | 193,943 | 292,659 | |
Equity in net income of subsidiaries | 108,075 | 181,226 | 204,687 | 297,341 | |
Net income attributable to Steel Dynamics, Inc. | 194,302 | 362,449 | 398,630 | 590,000 | |
Guarantors | |||||
Condensed Consolidating Statements of Operations | |||||
Net sales | 3,016,389 | 3,405,216 | 6,126,618 | 6,263,935 | |
Costs of goods sold | 2,772,874 | 3,038,284 | 5,638,863 | 5,620,035 | |
Gross profit | 243,515 | 366,932 | 487,755 | 643,900 | |
Selling, general and administrative | 72,576 | 75,923 | 147,159 | 155,295 | |
Operating income | 170,939 | 291,009 | 340,596 | 488,605 | |
Interest expense, net of capitalized interest | 11,805 | 11,593 | 23,571 | 24,304 | |
Other (income) expense, net | (1,795) | (1,595) | (3,172) | (3,320) | |
Income before income taxes | 160,929 | 281,011 | 320,197 | 467,621 | |
Income taxes (benefit) | 38,885 | 69,910 | 77,419 | 116,328 | |
Net income | 122,044 | 211,101 | 242,778 | 351,293 | |
Net income attributable to Steel Dynamics, Inc. | 122,044 | 211,101 | 242,778 | 351,293 | |
Combined Non-Guarantors | |||||
Condensed Consolidating Statements of Operations | |||||
Net sales | 233,907 | 156,308 | 405,790 | 273,305 | |
Costs of goods sold | 214,487 | 153,104 | 379,947 | 271,602 | |
Gross profit | 19,420 | 3,204 | 25,843 | 1,703 | |
Selling, general and administrative | 8,134 | 2,400 | 12,064 | 5,576 | |
Operating income | 11,286 | 804 | 13,779 | (3,873) | |
Interest expense, net of capitalized interest | 3,623 | 3,089 | 6,837 | 6,355 | |
Other (income) expense, net | (265) | (13) | (557) | (259) | |
Income before income taxes | 7,928 | (2,272) | 7,499 | (9,969) | |
Income taxes (benefit) | 264 | (101) | 367 | 110 | |
Net income | 7,664 | (2,171) | 7,132 | (10,079) | |
Net (income) loss attributable to noncontrolling interests | (2,444) | (123) | (2,943) | 1,953 | |
Net income attributable to Steel Dynamics, Inc. | 5,220 | (2,294) | 4,189 | (8,126) | |
Consolidating Adjustments | |||||
Condensed Consolidating Statements of Operations | |||||
Net sales | (1,576,791) | (1,765,095) | (3,166,203) | (3,173,610) | |
Costs of goods sold | (1,546,244) | (1,723,581) | (3,099,823) | (3,102,516) | |
Gross profit | (30,547) | (41,514) | (66,380) | (71,094) | |
Selling, general and administrative | (5,604) | (5,216) | (11,395) | (10,672) | |
Operating income | (24,943) | (36,298) | (54,985) | (60,422) | |
Interest expense, net of capitalized interest | (2,555) | (2,556) | (5,067) | (5,260) | |
Other (income) expense, net | 2,769 | 2,548 | 5,495 | 5,259 | |
Income before income taxes | (25,157) | (36,290) | (55,413) | (60,421) | |
Income taxes (benefit) | (5,968) | (8,709) | (13,133) | (14,595) | |
Net income | (19,189) | (27,581) | (42,280) | (45,826) | |
Equity in net income of subsidiaries | (108,075) | (181,226) | (204,687) | (297,341) | |
Net income attributable to Steel Dynamics, Inc. | $ (127,264) | $ (208,807) | $ (246,967) | $ (343,167) |