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Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Information

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 year ended		Steel			Recycling			Fabrication
December 31, 2020		Operations			Operations			Operations			Other			Eliminations			Consolidated

Net sales - disaggregated revenue
External		$	6,873,209		$	820,262		$	895,227		$	500,496		$	-		$	9,089,194
External Non-United States			263,895			247,662			474			257			-			512,288
Other segments			318,533			1,335,216			10,663			434			(1,664,846)			-
			7,455,637			2,403,140			906,364			501,187			(1,664,846)			9,601,482
Operating income (loss)			889,480			32,991			120,575			(188,525)	⁽¹⁾		(7,379)			847,142
Income (loss) before income taxes			833,035			27,753			116,625			(263,470)			(8,465)	⁽²⁾		705,478
Depreciation and amortization			251,590			50,099			10,819			13,281			-			325,789
Capital expenditures			1,132,298			32,875			15,234			17,648			-			1,198,055

As of December 31, 2020

Assets		$	6,288,362		$	1,116,051		$	376,658		$	1,571,188	⁽³⁾	$	(86,697)	⁽⁴⁾	$	9,265,562

Note 13. Segment Information (Continued)


Footnotes related to the year ended December 31, 2020, segment results (in millions):

(1)	Corporate SG&A	$	(57.9)		(2)	Gross profit decrease from intra-company sales	$	(8.5)
	Company-wide equity-based compensation		(48.5)
	Profit sharing		(58.3)
	Asset impairment charges		(19.4)
	Other, net		(4.4)
		$	(188.5)

(3)	Cash and equivalents	$	1,276.1		(4)	Elimination of intercompany receivables	$	(61.2)
	Accounts receivable		17.0			Elimination of intra-company debt		(9.1)
	Inventories		84.7			Other		(16.4)
	Property, plant and equipment, net		136.0				$	(86.7)
	Intra-company debt		9.1
	Other		48.3
		$	1,571.2



					Metals			Steel
For the year ended		Steel			Recycling			Fabrication
December 31, 2019		Operations			Operations			Operations			Other			Eliminations			Consolidated

Net sales - disaggregated revenue
External		$	7,606,471		$	972,200		$	960,657		$	388,546		$	-		$	9,927,874
External Non-United States			298,081			225,807			1,497			11,732			-			537,117
Other segments			329,627			1,296,007			1,105			469			(1,627,208)			-
			8,234,179			2,494,014			963,259			400,747			(1,627,208)			10,464,991
Operating income (loss)			1,030,554			16,308			119,099			(186,159)	⁽¹⁾		7,078			986,880
Income (loss) before income taxes			963,514			11,432			114,359			(220,188)			6,220	⁽²⁾		875,337
Depreciation and amortization			251,568			46,538			11,768			11,208			-			321,082
Capital expenditures			385,058			46,959			12,446			7,482			-			451,945

As of December 31, 2019

Assets		$	5,171,026		$	940,250		$	386,485		$	1,848,711	⁽³⁾	$	(70,707)	⁽⁴⁾	$	8,275,765


Footnotes related to the year ended December 31, 2019, segment results (in millions):

(1)	Corporate SG&A	$	(66.1)		(2)	Gross profit increase from intra-company sales	$	6.2
	Company-wide equity-based compensation		(40.6)
	Profit sharing		(73.6)
	Other, net		(5.9)
		$	(186.2)

(3)	Cash and equivalents	$	1,298.8		(4)	Elimination of intercompany receivables	$	(54.7)
	Short-term investments		262.2			Elimination of intra-company debt		(8.1)
	Accounts receivable		17.1			Other		(7.9)
	Inventories		37.0				$	(70.7)
	Property, plant and equipment, net		149.8
	Intra-company debt		8.1
	Other		75.7
		$	1,848.7

Note 13. Segment Information (Continued)


					Metals			Steel
For the year ended		Steel			Recycling			Fabrication
December 31, 2018		Operations			Operations			Operations			Other			Eliminations			Consolidated

Net sales - disaggregated revenue
External		$	8,476,104		$	1,295,514		$	921,023		$	427,372		$	-		$	11,120,013
External Non-United States			444,615			257,086			125			-			-			701,826
Other segments			342,433			1,649,614			803			1,688			(1,994,538)			-
			9,263,152			3,202,214			921,951			429,060			(1,994,538)			11,821,839
Operating income (loss)			1,839,852			75,891			61,901			(253,195)	⁽¹⁾		(2,040)			1,722,409
Income (loss) before income taxes			1,770,888			69,861			56,236			(275,137)			(2,074)	⁽²⁾		1,619,774
Depreciation and amortization			248,765			46,015			11,553			10,865			-			317,198
Capital expenditures			189,208			35,518			8,303			6,361			-			239,390


Footnotes related to the year ended December 31, 2018, segment results (in millions):

(1)	Corporate SG&A	$	(58.0)		(2)	Gross profit decrease from intra-company sales	$	(2.1)
	Company-wide equity-based compensation		(36.4)
	Profit sharing		(149.8)
	Other, net		(9.0)
		$	(253.2)