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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales        
Total net sales $ 5,081,630 $ 6,212,878 $ 9,974,836 $ 11,782,780
Costs of goods sold 3,774,772 4,329,536 7,611,856 8,116,925
Gross profit 1,306,858 1,883,342 2,362,980 3,665,855
Selling, general and administrative expenses 141,209 118,377 285,518 270,392
Profit sharing 90,990 139,742 160,565 268,211
Amortization of intangible assets 10,924 7,160 17,802 14,322
Operating income 1,063,735 1,618,063 1,899,095 3,112,930
Interest expense, net of capitalized interest 20,767 25,667 43,274 42,336
Other (income) expense, net (31,348) (4,021) (66,284) 16,447
Income before income taxes 1,074,316 1,596,417 1,922,105 3,054,147
Income tax expense 258,139 381,765 461,595 732,141
Net income 816,177 1,214,652 1,460,510 2,322,006
Net income attributable to noncontrolling interests (4,070) (5,098) (11,093) (8,521)
Net income attributable to Steel Dynamics, Inc. $ 812,107 $ 1,209,554 $ 1,449,417 $ 2,313,485
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) $ 4.83 $ 6.49 $ 8.54 $ 12.22
Weighted average common shares outstanding (in shares) 168,009 186,442 169,803 189,300
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 4.81 $ 6.44 $ 8.49 $ 12.14
Weighted average common shares and share equivalents outstanding (in shares) 168,865 187,740 170,672 190,491
Dividends declared per share (in dollars per share) $ 0.425 $ 0.34 $ 0.85 $ 0.68
Unrelated parties        
Net sales        
Net Sales $ 4,930,422 $ 5,964,503 $ 9,675,775 $ 11,375,304
Related Parties        
Net sales        
Net Sales $ 151,208 $ 248,375 $ 299,061 $ 407,476