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Segments (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segments

Nucor’s results by segment are as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Net sales to external customers:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

13,933,950

 

 

$

16,245,218

 

 

$

12,929,709

 

Steel products

 

 

6,990,064

 

 

 

6,796,501

 

 

 

5,579,744

 

Raw materials

 

 

1,664,844

 

 

 

2,025,560

 

 

 

1,742,940

 

 

 

$

22,588,858

 

 

$

25,067,279

 

 

$

20,252,393

 

Intercompany sales:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

3,304,437

 

 

$

3,924,160

 

 

$

2,916,017

 

Steel products

 

 

233,728

 

 

 

207,003

 

 

 

118,249

 

Raw materials

 

 

8,784,397

 

 

 

11,460,645

 

 

 

9,191,081

 

Corporate/eliminations

 

 

(12,322,562

)

 

 

(15,591,808

)

 

 

(12,225,347

)

 

 

$

 

 

$

 

 

$

 

Depreciation expense:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

401,609

 

 

$

378,146

 

 

$

377,210

 

Steel products

 

 

85,276

 

 

 

80,681

 

 

 

76,992

 

Raw materials

 

 

151,124

 

 

 

161,666

 

 

 

172,699

 

Corporate

 

 

10,902

 

 

 

10,386

 

 

 

8,932

 

 

 

$

648,911

 

 

$

630,879

 

 

$

635,833

 

Amortization expense:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

8,624

 

 

$

9,400

 

 

$

9,706

 

Steel products

 

 

49,914

 

 

 

51,997

 

 

 

52,597

 

Raw materials

 

 

27,204

 

 

 

27,361

 

 

 

28,925

 

 

 

$

85,742

 

 

$

88,758

 

 

$

91,228

 

Earnings (loss) before income taxes and noncontrolling

   interests:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

1,790,694

 

 

$

3,500,085

 

 

$

1,953,075

 

Steel products

 

 

511,145

 

 

 

467,105

 

 

 

337,978

 

Raw materials

 

 

(28,244

)

 

 

236,241

 

 

 

129,296

 

Corporate/eliminations

 

 

(490,788

)

 

 

(974,040

)

 

 

(670,392

)

 

 

$

1,782,807

 

 

$

3,229,391

 

 

$

1,749,957

 

Segment assets:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

9,283,216

 

 

$

9,244,086

 

 

$

7,671,217

 

Steel products

 

 

4,610,628

 

 

 

4,734,636

 

 

 

4,323,907

 

Raw materials

 

 

3,316,479

 

 

 

3,492,126

 

 

 

3,396,110

 

Corporate/eliminations

 

 

1,134,343

 

 

 

449,740

 

 

 

450,024

 

 

 

$

18,344,666

 

 

$

17,920,588

 

 

$

15,841,258

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

1,133,089

 

 

$

720,310

 

 

$

336,760

 

Steel products

 

 

93,848

 

 

 

88,585

 

 

 

90,952

 

Raw materials

 

 

244,818

 

 

 

169,926

 

 

 

59,036

 

Corporate

 

 

40,315

 

 

 

18,435

 

 

 

20,326

 

 

 

$

1,512,070

 

 

$

997,256

 

 

$

507,074

 

Schedule of Net Sale by Product to External Customers

Net sales by product were as follows (in thousands). Further product group breakdown is impracticable.

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Net sales to external customers:

 

 

 

 

 

 

 

 

 

 

 

 

Sheet

 

$

6,450,506

 

 

$

7,571,765

 

 

$

6,407,974

 

Bar

 

 

4,106,640

 

 

 

4,709,292

 

 

 

3,558,806

 

Structural

 

 

1,573,248

 

 

 

1,830,476

 

 

 

1,317,995

 

Plate

 

 

1,803,556

 

 

 

2,133,685

 

 

 

1,644,934

 

Tubular Products

 

 

1,207,398

 

 

 

1,347,577

 

 

 

917,235

 

Rebar Fabrication

 

 

1,666,445

 

 

 

1,496,194

 

 

 

1,306,418

 

Other Steel Products

 

 

4,116,221

 

 

 

3,952,730

 

 

 

3,356,091

 

Raw Materials

 

 

1,664,844

 

 

 

2,025,560

 

 

 

1,742,940

 

 

 

$

22,588,858

 

 

$

25,067,279

 

 

$

20,252,393