Schedule of stockholders' equity |
The following tables provide a reconciliation of the beginning and ending carrying amounts of total equity, equity attributable to stockholders of Steel Dynamics, Inc., and equity and redeemable amounts attributable to noncontrolling interests (in thousands) for the three and nine-month periods ended September 30, 2020 and 2019: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Stockholders of Steel Dynamics, Inc. | | | | | | | | | | | | | | | | | | | | Accumulated | | | | | | | | | | | | Additional | | | | Other | | | | | | Redeemable | | Common | | Treasury | | Paid-In | | Retained | | Comprehensive | | Noncontrolling | | Total | | Noncontrolling | | Stock | | Stock | | Capital | | Earnings | | Income (Loss) | | Interests | | Equity | | Interests | Balances at December 31, 2019 | $ | 646 | | $ | (1,525,113) | | $ | 1,181,012 | | $ | 4,419,296 | | $ | (7) | | $ | (154,593) | | $ | 3,921,241 | | $ | 143,614 | Dividends declared | | - | | | - | | | - | | | (52,585) | | | - | | | - | | | (52,585) | | | - | Noncontrolling investors of USS | | - | | | - | | | - | | | - | | | - | | | (7,504) | | | (7,504) | | | 7,400 | Share repurchases | | - | | | (106,529) | | | - | | | - | | | - | | | - | | | (106,529) | | | - | Equity-based compensation | | - | | | 6,834 | | | 2,764 | | | (169) | | | - | | | - | | | 9,429 | | | - | Net income | | - | | | - | | | - | | | 187,340 | | | - | | | 3,496 | | | 190,836 | | | - | Other comprehensive income, net of tax | | - | | | - | | | - | | | - | | | 37 | | | - | | | 37 | | | - | Balances at March 31, 2020 | | 646 | | | (1,624,808) | | | 1,183,776 | | | 4,553,882 | | | 30 | | | (158,601) | | | 3,954,925 | | | 151,014 | Dividends declared | | - | | | - | | | - | | | (52,591) | | | - | | | - | | | (52,591) | | | - | Noncontrolling investors of USS | | - | | | - | | | - | | | - | | | - | | | (2,410) | | | (2,410) | | | 1,400 | Share repurchases | | - | | | - | | | - | | | - | | | - | | | - | | | - | | | - | Equity-based compensation | | - | | | 953 | | | 7,838 | | | (158) | | | - | | | - | | | 8,633 | | | - | Net income | | - | | | - | | | - | | | 75,496 | | | - | | | 3,269 | | | 78,765 | | | - | Other comprehensive income, net of tax | | - | | | - | | | - | | | - | | | 186 | | | - | | | 186 | | | - | Balances at June 30, 2020 | | 646 | | | (1,623,855) | | | 1,191,614 | | | 4,576,629 | | | 216 | | | (157,742) | | | 3,987,508 | | | 152,414 | Dividends declared | | - | | | - | | | - | | | (52,592) | | | - | | | - | | | (52,592) | | | - | Noncontrolling investors of USS | | - | | | - | | | - | | | - | | | - | | | (4,190) | | | (4,190) | | | 3,000 | Share repurchases | | - | | | - | | | - | | | - | | | - | | | - | | | - | | | - | Equity-based compensation | | - | | | 50 | | | 8,614 | | | (161) | | | - | | | - | | | 8,503 | | | - | Net income | | - | | | - | | | - | | | 100,143 | | | - | | | 4,134 | | | 104,277 | | | - | Other comprehensive loss, net of tax | | - | | | - | | | - | | | - | | | (121) | | | - | | | (121) | | | - | Balances at September 30, 2020 | $ | 646 | | $ | (1,623,805) | | $ | 1,200,228 | | $ | 4,624,019 | | $ | 95 | | $ | (157,798) | | $ | 4,043,385 | | $ | 155,414 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Stockholders of Steel Dynamics, Inc. | | | | | | | | | | | | | | | | | | | | | | | Accumulated | | | | | | | | | | | | | | | | Additional | | | | Other | | | | | | Redeemable | | Common | | Treasury | | Paid-In | | Retained | | Comprehensive | | Noncontrolling | | Total | | Noncontrolling | | Stock | | Stock | | Capital | | Earnings | | Income (Loss) | | Interests | | Equity | | Interests | Balances at December 31, 2018 | $ | 645 | | $ | (1,184,243) | | $ | 1,160,048 | | $ | 3,958,320 | | $ | 301 | | $ | (159,082) | | $ | 3,775,989 | | $ | 111,240 | Dividends declared | | - | | | - | | | - | | | (53,504) | | | - | | | - | | | (53,504) | | | - | Noncontrolling investors of USS | | - | | | - | | | - | | | - | | | | | | - | | | - | | | 28,690 | Share repurchases | | - | | | (84,308) | | | - | | | - | | | - | | | - | | | (84,308) | | | - | Equity-based compensation | | - | | | 6,714 | | | 91 | | | (110) | | | - | | | - | | | 6,695 | | | - | Net income | | - | | | - | | | - | | | 204,328 | | | - | | | 499 | | | 204,827 | | | - | Other comprehensive loss, net of tax | | - | | | - | | | - | | | - | | | (171) | | | - | | | (171) | | | - | Balances at March 31, 2019 | | 645 | | | (1,261,837) | | | 1,160,139 | | | 4,109,034 | | | 130 | | | (158,583) | | | 3,849,528 | | | 139,930 | Dividends declared | | - | | | - | | | - | | | (52,751) | | | - | | | - | | | (52,751) | | | - | Share repurchases | | - | | | (93,136) | | | - | | | - | | | - | | | - | | | (93,136) | | | - | Equity-based compensation | | - | | | 816 | | | 7,366 | | | (166) | | | - | | | - | | | 8,016 | | | - | Net income | | - | | | - | | | - | | | 194,302 | | | - | | | 2,444 | | | 196,746 | | | - | Other comprehensive loss, net of tax | | - | | | - | | | - | | | - | | | (52) | | | - | | | (52) | | | - | Balances at June 30, 2019 | | 645 | | | (1,354,157) | | | 1,167,505 | | | 4,250,419 | | | 78 | | | (156,139) | | | 3,908,351 | | | 139,930 | Dividends declared | | - | | | - | | | - | | | (51,778) | | | - | | | - | | | (51,778) | | | - | Noncontrolling investors of USS | | - | | | - | | | - | | | - | | | - | | | (1,321) | | | (1,321) | | | 3,684 | Share repurchases | | - | | | (114,950) | | | - | | | - | | | - | | | - | | | (114,950) | | | - | Equity-based compensation | | - | | | 29 | | | 8,007 | | | (166) | | | - | | | - | | | 7,870 | | | - | Net income | | - | | | - | | | - | | | 151,048 | | | - | | | 1,560 | | | 152,608 | | | - | Other comprehensive loss, net of tax | | - | | | - | | | - | | | - | | | (39) | | | - | | | (39) | | | - | Balances at September 30, 2019 | $ | 645 | | $ | (1,469,078) | | $ | 1,175,512 | | $ | 4,349,523 | | $ | 39 | | $ | (155,900) | | $ | 3,900,741 | | $ | 143,614 |
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