Steel dynamics, inc (STLD)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09Sep'08Jun'08
Operating activities:
Net income

190,836

123,719

152,608

196,746

204,827

269,852

397,906

362,572

225,475

303,171

151,012

152,947

198,666

3,832

154,413

140,443

61,318

-256,316

58,867

25,325

26,954

-96,046

87,657

66,341

33,698

47,901

51,090

23,273

41,252

55,094

6,105

39,305

41,777

25,779

39,857

95,826

104,230

4,058

15,355

46,797

63,389

68,730

-16,521

193,008

210,494

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

80,259

80,527

79,470

80,911

80,174

80,560

81,383

79,120

76,135

74,931

75,210

73,801

75,057

73,139

74,190

74,795

73,985

73,289

74,211

74,273

72,822

81,359

65,957

58,441

57,568

58,839

58,202

56,826

57,061

55,189

58,953

55,502

55,572

55,642

55,962

56,257

54,746

55,750

57,278

55,398

56,272

51,915

57,765

55,359

47,582

Asset impairment charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

308

-

-

7,894

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity-based compensation

17,844

14,402

8,841

9,080

15,308

14,457

7,978

8,041

12,841

11,639

6,875

6,380

11,303

7,940

5,946

7,236

10,534

9,949

5,332

6,357

8,543

8,463

5,104

4,700

5,768

5,892

2,515

2,344

4,753

3,018

738

2,602

6,123

5,928

3,833

3,812

3,710

4,964

3,626

3,329

2,769

2,887

3,313

3,293

2,754

Deferred income taxes

5,927

16,769

11,311

11,550

12,091

16,390

23,899

11,993

9,545

-153,748

3,284

6,849

7,716

-33

18,478

18,314

17,087

-145,537

13,130

16,367

16,717

-17,254

-3,417

-280

-4,091

-871

9,861

10,812

10,935

64

34,633

10,634

9,197

5,355

7,118

9,028

12,935

24,477

2,735

10,417

8,468

8,341

5,797

-2,047

-6,872

Other adjustments

-264

2,365

-1,116

-564

728

-1,442

312

-145

30

6,013

8,202

-43

-104

19,300

161

1,035

180

26,524

-655

-998

-4,985

11,653

662

-3,456

-2,641

-138

-1,739

-588

1,383

-1,074

152

-326

739

7,722

-3,701

-139

43

115

176

-550

-956

276

475

-27

-252

Noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,365

791

Changes in certain assets and liabilities:
Accounts receivable

154,072

-142,610

-85,633

-70,624

61,062

-184,434

48,024

163,465

118,818

-54,179

36,123

3,746

153,364

-43,193

-29,384

103,598

75,596

-189,006

-36,361

47,149

-133,084

-155,500

-30,955

99,696

88,950

-52,273

-254

19,826

110,938

-70,373

-2,690

-73,734

60,820

-93,077

-33,533

-34,536

261,748

-31,981

26,820

-21,423

223,140

117,442

5,297

-89,664

-211,411

Inventories

-44,505

-77,977

-35,479

-64,941

-39,469

5,305

69,885

90,312

80,711

31,157

67,285

57,622

86,819

13,236

76,013

108,893

-82,567

-170,593

8,763

-161,174

-164,999

-47,642

-27,212

-11,230

17,354

118,385

23,648

-1,660

-32,348

-7,143

-43,005

-18,787

55,090

40,736

-36,346

9,026

72,107

105,754

-9,715

117,013

48,058

96,062

-95,296

135,430

-227,270

Other assets

1,541

-6,103

-39

-7,292

-301

-3,689

6,429

630

105

-6,016

9,528

-5,420

-2,094

-189

-694

-10,613

-548

9,244

3,100

-7,386

-4,508

369

4,928

-345

-7,359

-5,291

1,727

-6,783

-3,358

-3,577

7,484

393

-2,963

1,646

-1,632

-2,315

-3,382

4,337

2,409

9,529

-940

-40,052

-17,856

33,670

-15,680

Accounts payable

51,596

-32,278

1,111

-58,484

3,206

-62,464

-14,883

48,919

66,332

-37,189

44,887

-45,445

133,809

-10,699

-49,171

53,732

112,659

-100,017

-62,757

62,735

-127,053

-104,257

9,690

13,385

5,041

-12,278

59,801

-46,370

38,988

-13,578

6,920

-60,837

34,902

-35,999

-4,375

2,750

94,175

-11,895

-12,446

-22,707

118,217

130,610

-13,793

-133,911

249,665

Income taxes receivable/payable

52,385

-31,810

6,293

-36,428

49,850

-28,943

-31,127

22,579

63,962

-39,692

-12,929

-77,587

96,319

-54,881

-7,421

34,388

13,993

-16,603

19,888

-6,844

16,265

-44,577

8,062

-4,964

19,393

-2,522

16,354

-23,304

-3,022

4,727

25,993

-26,468

17,392

3,833

-5,911

-17,119

45,439

-7,102

8,829

60,416

37,133

2,432

-29,735

-32,114

-34,751

Accrued expenses

-76,194

8,678

64,533

15,805

-163,339

19,833

79,310

47,361

-76,751

-2,037

62,249

20,056

-44,247

5,815

45,701

29,907

-6,247

-11,540

30,554

8,590

-87,117

38,989

23,594

23,056

-48,320

30,206

8,825

19,621

-43,642

19,268

-61,929

-12,590

-29,856

-9,553

50,767

-12,521

19,218

-17,038

33,733

-29,730

55,796

45,495

-42,540

76,421

40,241

Net cash provided by operating activities

211,281

409,062

444,202

361,473

181,553

491,061

420,440

326,033

177,935

192,126

225,854

81,010

240,430

207,398

196,362

157,972

291,028

345,328

164,378

309,212

234,707

330,233

249,224

76,014

-27,247

66,484

183,266

32,715

29,710

206,305

117,366

100,602

21,421

93,958

222,463

165,997

3,937

-12,206

89,420

19,351

72,742

136,682

71,666

77,235

55,291

Investing activities:
Purchases of property, plant and equipment

217,535

158,258

154,131

85,120

54,436

62,913

70,668

55,203

50,606

37,189

42,795

43,274

41,677

74,992

59,774

35,686

27,708

28,043

30,286

22,821

33,351

28,879

24,531

33,534

24,841

40,099

52,162

49,236

45,346

64,839

58,342

54,789

45,555

75,212

38,126

34,976

18,693

37,526

24,224

40,960

30,684

95,662

73,166

115,636

101,225

Purchases of short-term investments

149,359

262,133

34,884

49,465

49,677

143,783

35,000

50,000

40,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities of short-term investments

192,340

69,489

79,508

109,034

104,737

-

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,998

54,984

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of business, net of cash and restricted cash acquired

-

0

3,694

0

93,412

-

37,589

396,409

-

-

5,518

-

-

-

109,065

-

-

-

45,000

-

-

-

1,647,463

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

271,158

Sales of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,533

-

Investment in direct financing lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,967

-

-

-

Other investing activities

-518

-1,733

-2,746

-913

-364

-5,445

-576

-657

-229

-1,636

-1,081

-2,387

-26,918

-2,851

-1,507

-1,206

-3,054

-10,690

-3,715

-806

-1,663

190

-2,959

-2,314

-28,884

33,163

-844

-863

-33,934

20,855

-655

-678

1,864

-14,054

-947

-2,142

1,143

18,101

-936

-977

-504

2,857

7,290

1,753

-2,824

Net cash used in investing activities

-174,036

-349,169

-110,455

-24,638

-92,424

-171,251

-132,681

-500,955

-90,377

-36,227

-47,232

-40,887

-14,759

-86,427

-167,332

-34,480

-24,654

-17,353

-71,571

-22,015

-31,688

-51,055

-1,669,035

-31,220

4,043

-41,742

-51,318

-48,373

-11,412

-97,366

-47,689

873

-47,419

-145,988

-37,179

-32,834

-19,836

-55,627

-23,288

-39,983

-30,180

-126,486

-80,456

-84,856

-369,559

Financing activities:
Issuance of current and long-term debt

216,261

1,199,276

128,230

125,222

121,234

117,937

110,041

124,571

93,058

-

450,215

51,233

-

376,885

12,911

63,655

20,452

28,897

67,999

60,941

50,093

320,201

1,394,497

63,945

43,453

5,146

9,526

32

409,261

0

760,000

0

289,969

-5,874

10,851

0

5,126

-15,427

25,428

2,002

544,550

240,586

471,685

1,186,000

786,900

Repayment of current and long-term debt

235,757

895,018

119,988

133,875

115,271

109,329

115,039

118,089

113,034

278,575

294,913

34,997

1,429

633,740

9,999

81,022

4,232

64,496

73,420

60,557

427,451

364,387

138,533

76,412

56,246

5,878

4,097

202,312

305,691

6,640

946,858

21,896

283,448

-181

105

491

7,325

-8,989

146

4,476

351,330

251,219

841,781

814,665

401,941

Distributions to noncontrolling investors, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,135

-29

-

-52

-606

5,370

6,888

5,275

5,286

411

7,016

16,320

5,117

9,506

14,182

11,320

1,470

417

-

1,805

2,611

-

-

-

-

-

Dividends paid

51,481

51,807

52,751

53,503

42,239

43,754

44,081

44,268

36,797

36,763

37,180

37,527

34,130

34,128

34,124

34,090

33,425

33,288

33,282

33,233

27,766

27,642

27,556

25,666

24,515

24,348

24,274

24,238

21,952

21,923

21,915

21,908

21,887

21,869

21,865

21,830

16,318

16,276

16,260

16,233

16,200

16,110

18,213

19,819

18,884

Debt issuance cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,020

-

-

3

0

195

5,997

88

11,625

-3

2,191

-

6,884

-

-

0

0

169

6,538

221

13,298

28

5,568

Proceeds from exercise of stock options, including related tax effect

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,520

302

5,206

1,753

9,310

11,576

8,516

2,905

18,992

7,925

2,977

7,614

1,641

583

341

1,097

129

402

4,569

8,296

6,010

1,566

2,984

3,454

6,645

412,547

2,029

10,277

Purchases of treasury stock

106,529

56,214

114,950

93,136

84,308

330,190

74,965

49,145

69,269

15,088

99,085

76,813

61,256

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

439,166

-

Other financing activities

-6,152

-20,302

-1,527

-12

-5,720

-10,177

0

-3,144

-5,180

-17,291

-4,832

0

-3,532

-14,969

1,005

3,680

750

-

-17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-183,658

175,964

-160,986

-155,304

-126,304

-375,526

-124,044

-90,075

-131,222

-229,089

14,205

-98,104

-100,347

-330,986

-30,207

-47,777

-16,455

-74,733

-38,418

-28,778

-403,400

-77,406

1,221,912

-30,223

-29,033

358

-5,645

-218,450

83,646

-20,142

-203,495

-38,346

-6,954

-13,903

-6,281

-16,282

-9,804

-15,772

12,393

-13,281

173,936

-20,319

10,940

-85,649

370,784

Decrease in cash, cash equivalents, and restricted cash

-146,413

235,857

172,761

181,531

-37,175

-55,716

163,715

-264,997

-43,664

-73,190

192,827

-57,981

125,324

-210,015

-1,177

75,715

249,919

253,242

54,389

258,419

-200,381

201,772

-197,899

14,571

-52,237

25,100

126,303

-234,108

101,944

88,797

-133,818

63,129

-32,952

-65,933

179,003

116,881

-25,703

-83,605

78,525

-33,913

216,498

-10,123

2,150

-93,270

56,516

Supplemental disclosure information:
Cash paid for interest

8,785

62,848

9,115

53,981

8,606

53,536

8,643

53,226

8,629

55,226

13,530

53,976

12,649

53,074

26,225

45,094

26,286

44,845

26,701

48,550

40,094

13,787

40,022

20,838

39,663

-

40,075

17,583

49,732

-

42,413

62,807

18,753

-

14,931

71,047

15,110

-

15,016

71,993

3,769

3,849

67,450

7,982

57,334

Cash paid for income taxes, net

518

39,376

29,794

84,516

1,839

89,677

119,802

79,995

-1,045

49,700

93,123

152,116

1,554

55,826

75,860

27,565

699

423

1,172

7,046

-18,539

34,103

41,267

43,008

2,143

-

3,022

27,360

11,165

-

3,629

41,302

-955

-

12,403

60,455

1,520

-

-12

-41,997

-13,010

228

1,656

153,938

160,522