Stockholders' Equity |
14. |
STOCKHOLDERS’ EQUITY: The following tables reflect the changes in stockholders’ equity attributable to both Nucor and the noncontrolling interests of Nucor’s joint ventures, primarily Nucor-Yamato Steel Company (Limited Partnership) of which Nucor owns 51%, for the three months and nine months ended September 28, 2019 and September 29, 2018 (in thousands): |
|
|
|
|
|
|
Three Months (13 Weeks) Ended September 28, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
|
Other |
|
|
Treasury Stock |
|
|
Nucor |
|
|
|
|
|
|
|
|
|
|
|
Common Stock |
|
|
Paid-in |
|
|
Retained |
|
|
Comprehensive |
|
|
(at cost) |
|
|
Stockholders' |
|
|
Noncontrolling |
|
|
|
Total |
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Earnings |
|
|
Income (Loss) |
|
|
Shares |
|
|
Amount |
|
|
Equity |
|
|
Interests |
|
BALANCES, June 29, 2019 |
|
$ |
10,698,008 |
|
|
|
380,154 |
|
|
$ |
152,061 |
|
|
$ |
2,098,809 |
|
|
$ |
10,977,950 |
|
|
$ |
(297,760 |
) |
|
|
76,997 |
|
|
$ |
(2,630,343 |
) |
|
$ |
10,300,717 |
|
|
$ |
397,291 |
|
Net earnings |
|
|
293,587 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
275,031 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
275,031 |
|
|
|
18,556 |
|
Other comprehensive income (loss) |
|
|
(16,006 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(16,006 |
) |
|
|
- |
|
|
|
- |
|
|
|
(16,006 |
) |
|
|
- |
|
Stock options exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Stock option expense |
|
|
275 |
|
|
|
- |
|
|
|
- |
|
|
|
275 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
275 |
|
|
|
- |
|
Issuance of stock under award plans,
net of forfeitures |
|
|
11,339 |
|
|
|
- |
|
|
|
- |
|
|
|
9,365 |
|
|
|
- |
|
|
|
- |
|
|
|
(58 |
) |
|
|
1,974 |
|
|
|
11,339 |
|
|
|
- |
|
Amortization of unearned
compensation |
|
|
500 |
|
|
|
- |
|
|
|
- |
|
|
|
500 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
500 |
|
|
|
- |
|
Treasury stock acquired |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Cash dividends declared |
|
|
(122,809 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(122,809 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(122,809 |
) |
|
|
- |
|
Distributions to noncontrolling
interests |
|
|
(3,861 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(3,861 |
) |
Other |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(1 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1 |
|
|
|
- |
|
|
|
- |
|
BALANCES, September 28, 2019 |
|
$ |
10,861,033 |
|
|
|
380,154 |
|
|
$ |
152,061 |
|
|
$ |
2,108,948 |
|
|
$ |
11,130,172 |
|
|
$ |
(313,766 |
) |
|
|
76,939 |
|
|
$ |
(2,628,368 |
) |
|
$ |
10,449,047 |
|
|
$ |
411,986 |
|
|
|
|
|
|
|
Nine Months (39 Weeks) Ended September 28, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
|
Other |
|
|
Treasury Stock |
|
|
Nucor |
|
|
|
|
|
|
|
|
|
|
|
Common Stock |
|
|
Paid-in |
|
|
Retained |
|
|
Comprehensive |
|
|
(at cost) |
|
|
Stockholders' |
|
|
Noncontrolling |
|
|
|
Total |
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Earnings |
|
|
Income (Loss) |
|
|
Shares |
|
|
Amount |
|
|
Equity |
|
|
Interests |
|
BALANCES, December 31, 2018 |
|
$ |
10,201,968 |
|
|
|
380,154 |
|
|
$ |
152,061 |
|
|
$ |
2,073,715 |
|
|
$ |
10,337,445 |
|
|
$ |
(304,133 |
) |
|
|
74,562 |
|
|
$ |
(2,467,010 |
) |
|
$ |
9,792,078 |
|
|
$ |
409,890 |
|
Net earnings |
|
|
1,236,657 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,163,320 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,163,320 |
|
|
|
73,337 |
|
Other comprehensive income (loss) |
|
|
(11,519 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(11,519 |
) |
|
|
- |
|
|
|
- |
|
|
|
(11,519 |
) |
|
|
- |
|
Stock options exercised |
|
|
5,892 |
|
|
|
- |
|
|
|
- |
|
|
|
808 |
|
|
|
- |
|
|
|
- |
|
|
|
(153 |
) |
|
|
5,084 |
|
|
|
5,892 |
|
|
|
- |
|
Stock option expense |
|
|
4,387 |
|
|
|
- |
|
|
|
- |
|
|
|
4,387 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
4,387 |
|
|
|
- |
|
Issuance of stock under award plans,
net of forfeitures |
|
|
59,608 |
|
|
|
- |
|
|
|
- |
|
|
|
28,540 |
|
|
|
- |
|
|
|
- |
|
|
|
(920 |
) |
|
|
31,068 |
|
|
|
59,608 |
|
|
|
- |
|
Amortization of unearned
compensation |
|
|
1,500 |
|
|
|
- |
|
|
|
- |
|
|
|
1,500 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,500 |
|
|
|
- |
|
Treasury stock acquired |
|
|
(197,511 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
3,450 |
|
|
|
(197,511 |
) |
|
|
(197,511 |
) |
|
|
- |
|
Cash dividends declared |
|
|
(368,707 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(368,707 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(368,707 |
) |
|
|
- |
|
Distributions to noncontrolling
interests |
|
|
(71,241 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(71,241 |
) |
Other |
|
|
(1 |
) |
|
|
- |
|
|
|
- |
|
|
|
(2 |
) |
|
|
(1,886 |
) |
|
|
1,886 |
|
|
|
- |
|
|
|
1 |
|
|
|
(1 |
) |
|
|
- |
|
BALANCES, September 28, 2019 |
|
$ |
10,861,033 |
|
|
|
380,154 |
|
|
$ |
152,061 |
|
|
$ |
2,108,948 |
|
|
$ |
11,130,172 |
|
|
$ |
(313,766 |
) |
|
|
76,939 |
|
|
$ |
(2,628,368 |
) |
|
$ |
10,449,047 |
|
|
$ |
411,986 |
|
|
|
|
|
|
|
Three Months (13 Weeks) Ended September 29, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
|
Other |
|
|
Treasury Stock |
|
|
Nucor |
|
|
|
|
|
|
|
|
|
|
|
Common Stock |
|
|
Paid-in |
|
|
Retained |
|
|
Comprehensive |
|
|
(at cost) |
|
|
Stockholders' |
|
|
Noncontrolling |
|
|
|
Total |
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Earnings |
|
|
Income (Loss) |
|
|
Shares |
|
|
Amount |
|
|
Equity |
|
|
Interests |
|
BALANCES, June 30, 2018 |
|
$ |
9,735,424 |
|
|
|
380,154 |
|
|
$ |
152,061 |
|
|
$ |
2,051,383 |
|
|
$ |
9,257,822 |
|
|
$ |
(296,032 |
) |
|
|
63,810 |
|
|
$ |
(1,791,827 |
) |
|
$ |
9,373,407 |
|
|
$ |
362,017 |
|
Net earnings |
|
|
706,287 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
676,656 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
676,656 |
|
|
|
29,631 |
|
Other comprehensive income (loss) |
|
|
21,425 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
21,425 |
|
|
|
- |
|
|
|
- |
|
|
|
21,425 |
|
|
|
- |
|
Stock options exercised |
|
|
11,822 |
|
|
|
- |
|
|
|
- |
|
|
|
4,572 |
|
|
|
- |
|
|
|
- |
|
|
|
(256 |
) |
|
|
7,250 |
|
|
|
11,822 |
|
|
|
- |
|
Stock option expense |
|
|
312 |
|
|
|
- |
|
|
|
- |
|
|
|
312 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
312 |
|
|
|
- |
|
Issuance of stock under award plans,
net of forfeitures |
|
|
9,598 |
|
|
|
- |
|
|
|
- |
|
|
|
8,633 |
|
|
|
- |
|
|
|
- |
|
|
|
(34 |
) |
|
|
965 |
|
|
|
9,598 |
|
|
|
- |
|
Amortization of unearned
compensation |
|
|
400 |
|
|
|
- |
|
|
|
- |
|
|
|
400 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
400 |
|
|
|
- |
|
Treasury stock acquired |
|
|
(181,077 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
2,701 |
|
|
|
(181,077 |
) |
|
|
(181,077 |
) |
|
|
- |
|
Cash dividends declared |
|
|
(120,406 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(120,406 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(120,406 |
) |
|
|
- |
|
Distributions to noncontrolling
interests |
|
|
(9,364 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(9,364 |
) |
Other |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(1 |
) |
|
|
1 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
BALANCES, September 29, 2018 |
|
$ |
10,174,421 |
|
|
|
380,154 |
|
|
$ |
152,061 |
|
|
$ |
2,065,299 |
|
|
$ |
9,814,073 |
|
|
$ |
(274,607 |
) |
|
|
66,221 |
|
|
$ |
(1,964,689 |
) |
|
$ |
9,792,137 |
|
|
$ |
382,284 |
|
|
|
|
|
|
|
Nine Months (39 Weeks) Ended September 29, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional |
|
|
|
|
|
|
Other |
|
|
Treasury Stock |
|
|
Nucor |
|
|
|
|
|
|
|
|
|
|
|
Common Stock |
|
|
Paid-in |
|
|
Retained |
|
|
Comprehensive |
|
|
(at cost) |
|
|
Stockholders' |
|
|
Noncontrolling |
|
|
|
Total |
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Earnings |
|
|
Income (Loss) |
|
|
Shares |
|
|
Amount |
|
|
Equity |
|
|
Interests |
|
BALANCES, December 31, 2017 |
|
$ |
9,084,788 |
|
|
|
379,900 |
|
|
$ |
151,960 |
|
|
$ |
2,021,339 |
|
|
$ |
8,463,709 |
|
|
$ |
(254,681 |
) |
|
|
61,931 |
|
|
$ |
(1,643,291 |
) |
|
$ |
8,739,036 |
|
|
$ |
345,752 |
|
Net earnings |
|
|
1,800,014 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,713,988 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,713,988 |
|
|
|
86,026 |
|
Other comprehensive income (loss) |
|
|
(19,926 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(19,926 |
) |
|
|
- |
|
|
|
- |
|
|
|
(19,926 |
) |
|
|
- |
|
Stock options exercised |
|
|
24,102 |
|
|
|
210 |
|
|
|
84 |
|
|
|
14,675 |
|
|
|
- |
|
|
|
- |
|
|
|
(334 |
) |
|
|
9,343 |
|
|
|
24,102 |
|
|
|
- |
|
Stock option expense |
|
|
4,249 |
|
|
|
- |
|
|
|
- |
|
|
|
4,249 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
4,249 |
|
|
|
- |
|
Issuance of stock under award plans,
net of forfeitures |
|
|
44,304 |
|
|
|
44 |
|
|
|
17 |
|
|
|
23,636 |
|
|
|
- |
|
|
|
- |
|
|
|
(754 |
) |
|
|
20,651 |
|
|
|
44,304 |
|
|
|
- |
|
Amortization of unearned
compensation |
|
|
1,400 |
|
|
|
- |
|
|
|
- |
|
|
|
1,400 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,400 |
|
|
|
- |
|
Treasury stock acquired |
|
|
(351,392 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
5,378 |
|
|
|
(351,392 |
) |
|
|
(351,392 |
) |
|
|
- |
|
Cash dividends declared |
|
|
(363,624 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(363,624 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(363,624 |
) |
|
|
- |
|
Distributions to noncontrolling
interests |
|
|
(49,494 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(49,494 |
) |
BALANCES, September 29, 2018 |
|
$ |
10,174,421 |
|
|
|
380,154 |
|
|
$ |
152,061 |
|
|
$ |
2,065,299 |
|
|
$ |
9,814,073 |
|
|
$ |
(274,607 |
) |
|
|
66,221 |
|
|
$ |
(1,964,689 |
) |
|
$ |
9,792,137 |
|
|
$ |
382,284 |
|
Dividends declared per share were $0.40 per share in the third quarter of 2019 ($0.38 per share in the third quarter of 2018) and $1.20 per share in the first nine months of 2019 ($1.14 per share in the first nine months of 2018).
In September 2018, the Company announced that the Board of Directors had approved a share repurchase program under which the Company is authorized to repurchase up to $2.0 billion of the Company’s common stock. Share repurchases will be made from time to time in the open market at prevailing market prices or through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements and other factors. The share repurchase authorization is discretionary and has no expiration date. The Board of Directors also terminated any previously authorized share repurchase programs. As of September 28, 2019, the Company had approximately $1.3 billion remaining available for share repurchases under the program.
|