XML 65 R51.htm IDEA: XBRL DOCUMENT v3.22.0.1
Quarterly Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Information

 

 

 

(in thousands, except per share data)

 

 

 

Year Ended December 31, 2021

 

 

 

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

Net sales

 

$

7,017,140

 

 

$

8,789,164

 

 

$

10,313,223

 

 

$

10,364,412

 

Gross margin

 

 

1,622,437

 

 

 

2,473,503

 

 

 

3,406,273

 

 

 

3,523,201

 

Net earnings (1)

 

 

987,514

 

 

 

1,571,459

 

 

 

2,223,265

 

 

 

2,340,132

 

Net earnings attributable to Nucor

   stockholders (1)

 

 

942,432

 

 

 

1,506,868

 

 

 

2,127,743

 

 

 

2,250,418

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

3.10

 

 

$

5.05

 

 

$

7.29

 

 

$

7.99

 

Diluted

 

$

3.10

 

 

$

5.04

 

 

$

7.28

 

 

$

7.97

 

 

 

 

(in thousands, except per share data)

 

 

 

Year Ended December 31, 2020

 

 

 

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

Net sales

 

$

5,624,337

 

 

$

4,327,306

 

 

$

4,927,960

 

 

$

5,260,055

 

Gross margin

 

 

629,268

 

 

 

377,959

 

 

 

502,195

 

 

 

718,528

 

Net earnings (2)

 

 

54,379

 

 

 

133,153

 

 

 

222,630

 

 

 

425,866

 

Net earnings attributable to Nucor

   stockholders (2)

 

 

20,331

 

 

 

108,881

 

 

 

193,415

 

 

 

398,843

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.07

 

 

$

0.36

 

 

$

0.63

 

 

$

1.31

 

Diluted

 

$

0.07

 

 

$

0.36

 

 

$

0.63

 

 

$

1.30

 

 

(1)

Second quarter 2021 results include a $42.0 million non-cash impairment charge related to the write-off of a portion of our leasehold interest in unproved oil and natural gas properties. This charge is included in the raw materials segment.

 

(2)

First quarter 2020 results include losses on assets of $287.8 million related to our investment in Duferdofin Nucor. Third quarter 2020 results include a restructuring charge of $16.4 million related to the realignment of Nucor’s metal buildings business. Fourth quarter 2020 results include non-cash impairment charges totaling $130.2 million related to impairments of certain inventory and long-lived assets in the steel mills segment ($103.2 million) and the write-down of our unproved natural gas well assets in the raw materials segment ($27.0 million). Also included in fourth quarter 2020 results were losses on assets of $184.0 million related to the Duferdofin Agreement, a $201.9 million tax benefit related to our investment in Duferdofin Nucor, a $39.7 million net benefit related to state tax credits and a net benefit of $48.2 million for the CARES Act NOL carryback provision.