Steel Dynamics, Inc STLD Income Statement

Steel dynamics, inc (STLD)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09	Sep'08	Jun'08
Net sales
Unrelated parties
2,571	2,347	2,523	2,766	2,814	2,899	3,220	3,083	2,597	2,298	2,399	2,347	2,319	1,869	2,060	1,978	1,698	1,555	1,901	1,945	2,003	2,451	2,276	1,987	1,765	1,784	1,838	1,735	1,728	1,647	1,624	1,830	1,905	1,796	1,976	2,004	1,941	1,474	1,520	1,570	1,496	1,129	773	2,479	2,289
Related parties
3	3	3	4	2	4	2	6	6	38	44	43	48	41	40	44	43	35	49	59	43	65	62	82	64	79	73	65	67	57	68	79	76	61	67	75	74	53	63	62	59	43	19	84	114
Total net sales
2,575	2,350	2,526	2,770	2,817	2,903	3,223	3,090	2,603	2,336	2,443	2,390	2,368	1,910	2,101	2,023	1,741	1,591	1,950	2,005	2,047	2,517	2,339	2,069	1,830	1,864	1,911	1,801	1,795	1,705	1,693	1,909	1,982	1,858	2,043	2,079	2,015	1,528	1,584	1,632	1,555	1,172	792	2,563	2,403
Costs of goods sold
2,159	2,033	2,167	2,349	2,383	2,382	2,537	2,438	2,140	2,015	2,046	1,998	1,896	1,600	1,692	1,643	1,505	1,446	1,722	1,833	1,860	2,225	2,050	1,846	1,666	1,666	1,714	1,653	1,619	1,524	1,536	1,727	1,780	1,698	1,844	1,803	1,720	1,394	1,444	1,440	1,345	955	723	2,118	1,924
Gross profit
415	316	359	421	433	521	686	652	463	320	396	392	472	309	408	380	236	144	228	171	187	291	288	222	163	197	197	147	176	180	156	182	201	160	199	276	295	133	139	191	210	216	68	445	479
Selling, general and administrative expenses
112	111	107	106	111	106	102	101	106	96	97	98	102	94	95	96	87	87	82	82	76	93	80	73	70	74	67	65	65	69	62	61	64	61	72	63	65	59	54	55	57	56	48	72	85
Profit sharing
21	13	17	22	23	41	45	42	26	21	21	21	27	19	22	20	9	4	9	5	4	13	12	10	5	7	8	4	6	6	3	8	8	6	7	14	15	3	4	7	9	0	-	30	26
Amortization of intangible assets
7	8	6	7	7	7	6	6	6	7	7	7	7	7	7	7	7	5	6	6	6	5	6	6	6	7	7	8	8	8	8	8	8	9	10	10	10	11	11	11	11	11	13	10	8
Impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total selling, general and administrative expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83	78	80	-	83	78	81	-	90	88	90	-	70	75	78	68	62	114	120
Operating income
273	181	228	285	291	365	531	501	323	195	271	265	334	56	283	256	131	-381	131	77	99	-81	188	131	80	107	113	69	96	94	72	103	119	82	108	188	205	46	69	116	132	148	6	330	358
Interest expense, net of capitalized interest
28	32	31	32	31	31	31	31	31	32	34	33	33	36	36	36	37	36	37	37	43	44	31	30	30	30	30	31	34	34	41	41	41	44	44	44	43	44	44	43	37	34	37	37	35
Other income, net
2	0	4	4	6	7	7	5	4	-2	-2	3	3	-17	-4	1	1	-0	-0	1	-16	1	-22	1	0	-0	1	1	1	3	-24	1	-10	2	3	5	4	6	6	3	3	2	-0	8	16
Income before income taxes
248	150	201	256	267	341	507	475	295	161	234	235	304	2	243	221	96	-417	93	41	40	-124	134	103	50	77	84	38	62	63	7	64	68	41	67	149	166	7	30	76	97	116	-31	301	340
Income tax expense
57	26	48	60	62	71	109	112	70	-141	83	82	105	-1	88	80	35	-161	34	16	13	-28	47	37	17	29	33	15	21	8	1	25	26	15	27	53	62	3	15	29	34	47	-15	114	129
Net income
190	123	152	196	204	269	397	362	225	303	151	152	198	3	154	140	61	-256	58	25	26	-96	87	66	33	47	51	23	41	55	6	39	41	25	39	95	104	4	15	46	63	68	-16	187	211
Net income attributable to noncontrolling interests
3	2	1	2	0	-0	-0	0	-2	-1	-2	-0	-2	-16	-2	-1	-1	-3	-1	-6	-3	-51	-3	-5	-4	-6	-6	-5	-6	-5	-6	-5	-3	-4	-3	-2	-1	-3	-3	-2	-1	-0	-0	-5	0
Net income attributable to Steel Dynamics, Inc.
187	121	151	194	204	270	398	362	227	304	153	153	200	20	157	141	62	-253	60	31	30	-45	91	72	38	54	57	28	48	60	12	44	45	30	43	98	105	7	18	49	64	69	-15	193	210
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders
0.88	0.58	0.69	0.88	0.91	1.18	1.70	1.54	0.96	1.27	0.64	0.64	0.83	0.08	0.65	0.58	0.26	-1.05	0.25	0.13	0.13	-0.19	0.38	0.32	0.17	0.25	0.26	0.13	0.22	0.28	0.06	0.20	0.21	0.13	0.20	0.45	0.49	0.03	0.09	0.23	0.30	0.32	-0.08	0.99	1.11
Weighted average common shares outstanding (in shares)
213	215	217	221	224	229	234	235	236	237	239	241	242	243	243	243	243	242	242	241	241	240	240	226	223	222	220	220	219	219	219	219	218	218	218	218	217	217	216	216	216	215	189	195	190
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share)
0.88	0.57	0.69	0.87	0.91	1.17	1.69	1.53	0.96	1.27	0.64	0.63	0.82	0.08	0.64	0.58	0.26	-1.05	0.25	0.13	0.13	-0.19	0.38	0.31	0.17	0.24	0.25	0.13	0.21	0.27	0.06	0.20	0.20	0.14	0.19	0.43	0.46	0.04	0.09	0.22	0.29	0.30	-0.08	0.98	1.05
Weighted average common shares and share equivalents outstanding (in shares)
214	216	219	222	224	230	235	236	237	238	240	243	244	245	245	245	244	237	243	243	242	242	242	242	241	257	239	221	238	253	220	236	236	235	235	236	236	235	234	234	234	234	189	196	200
Dividends declared per share (in dollars per share)
0.25	0.24	0.24	0.24	0.24	0.18	0.18	0.18	0.18	0.15	0.15	0.15	0.15	0.14	0.14	0.14	0.14	0.13	0.13	0.13	0.13	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.07	0.07	0.07	0.07	0.07	0.07	0.10	0.10