2018 Form 10-K Financial Statement

#000119312519057744 Filed on February 28, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017 Q3
Revenue $25.07B $5.092B $5.175B
YoY Change 23.77% 28.71% 21.88%
Cost Of Revenue $20.77B $4.566B $4.591B
YoY Change 17.47% 26.56% 25.42%
Gross Profit $4.295B $520.6M $579.0M
YoY Change 67.18% 17.4% -1.08%
Gross Profit Margin 17.14% 10.22% 11.19%
Selling, General & Admin $860.7M $168.1M $172.8M
YoY Change 25.19% -0.66% 6.85%
% of Gross Profit 20.04% 32.29% 29.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $630.9M $183.8M $182.8M
YoY Change -0.78% 7.17% 6.65%
% of Gross Profit 14.69% 35.31% 31.57%
Operating Expenses $860.7M $168.1M $172.8M
YoY Change 25.19% -0.66% 6.85%
Operating Profit $3.435B $352.5M $406.2M
YoY Change 82.51% 28.54% -4.1%
Interest Expense $161.3M -$35.60M $47.62M
YoY Change -13.9% -176.53% 9.53%
% of Operating Profit 4.69% -10.1% 11.72%
Other Income/Expense, Net
YoY Change
Pretax Income $3.229B $322.2M $370.6M
YoY Change 84.54% -33.45% -4.94%
Income Tax $748.3M $102.3M $104.5M
% Of Pretax Income 23.17% 31.75% 28.2%
Net Earnings $2.361B $383.9M $254.9M
YoY Change 79.02% 140.47% 4.61%
Net Earnings / Revenue 9.42% 7.54% 4.92%
Basic Earnings Per Share $7.44 $1.20 $0.79
Diluted Earnings Per Share $7.42 $1.20 $0.79
COMMON SHARES
Basic Shares Outstanding 315.9M 320.1M shares
Diluted Shares Outstanding 316.7M 320.8M shares

Balance Sheet

Concept 2018 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.399B $999.0M $1.561B
YoY Change 40.04% -57.58% -33.03%
Cash & Equivalents $1.399B $949.1M $1.511B
Short-Term Investments $0.00 $50.00M $50.00M
Other Short-Term Assets $152.0M $335.1M $238.6M
YoY Change -54.63% 68.56% 84.58%
Inventory $4.554B $3.462B $3.522B
Prepaid Expenses
Receivables $2.506B $2.029B $2.114B
Other Receivables $26.00M $0.00 $0.00
Total Short-Term Assets $8.636B $6.824B $7.501B
YoY Change 26.55% 4.89% 14.72%
LONG-TERM ASSETS
Property, Plant & Equipment $5.335B $5.093B $5.096B
YoY Change 4.75% 0.29% 5.79%
Goodwill $2.196B $2.208B
YoY Change 6.98% 8.75%
Intangibles
YoY Change
Long-Term Investments $870.0M $750.1M $695.2M
YoY Change 16.0% 13.07% -6.43%
Other Assets $67.00M $813.0M $758.8M
YoY Change 6.35% 13.09% -4.89%
Total Long-Term Assets $9.285B $9.017B $9.003B
YoY Change 2.97% 3.44% 7.36%
TOTAL ASSETS
Total Short-Term Assets $8.636B $6.824B $7.501B
Total Long-Term Assets $9.285B $9.017B $9.003B
Total Assets $17.92B $15.84B $16.50B
YoY Change 13.13% 4.06% 10.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.338B $1.181B $1.313B
YoY Change 28.41% 40.95% 28.3%
Accrued Expenses $1.106B $573.9M $593.1M
YoY Change 15.21% 13.63% 12.7%
Deferred Revenue $72.30M
YoY Change
Short-Term Debt $58.00M $52.83M $50.37M
YoY Change 9.43% 194.19% 152.47%
Long-Term Debt Due $0.00 $500.0M $1.100B
YoY Change -100.0% -16.67%
Total Short-Term Liabilities $2.806B $2.825B $3.555B
YoY Change -0.67% 18.19% 83.64%
LONG-TERM LIABILITIES
Long-Term Debt $4.233B $3.242B $3.241B
YoY Change 30.57% -13.29% -25.27%
Other Long-Term Liabilities $347.0M $360.0M $285.0M
YoY Change -3.61% 28.57% 2.15%
Total Long-Term Liabilities $4.580B $3.242B $3.241B
YoY Change 27.15% -13.29% -25.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.806B $2.825B $3.555B
Total Long-Term Liabilities $4.580B $3.242B $3.241B
Total Liabilities $8.129B $6.756B $7.658B
YoY Change 14.46% -3.05% 9.34%
SHAREHOLDERS EQUITY
Retained Earnings $8.464B $8.202B
YoY Change 10.91% 12.05%
Common Stock $2.173B $2.165B
YoY Change 2.21% 3.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 61.93M shares
Shareholders Equity $9.792B $8.739B $8.505B
YoY Change
Total Liabilities & Shareholders Equity $17.92B $15.84B $16.50B
YoY Change 13.13% 4.06% 10.58%

Cashflow Statement

Concept 2018 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $2.361B $383.9M $254.9M
YoY Change 79.02% 140.47% 4.61%
Depreciation, Depletion And Amortization $630.9M $183.8M $182.8M
YoY Change -0.78% 7.17% 6.65%
Cash From Operating Activities $2.394B $288.7M $106.8M
YoY Change 126.84% -8.55% -66.15%
INVESTING ACTIVITIES
Capital Expenditures $982.5M -$156.3M -$94.70M
YoY Change 119.04% 56.14% -35.4%
Acquisitions $33.06M
YoY Change -93.92%
Other Investing Activities -$25.35M -$26.10M $4.300M
YoY Change 243.05% -84.95% -100.87%
Cash From Investing Activities -$1.030B -$182.4M -$90.40M
YoY Change 12.1% -33.31% -85.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $829.9M
YoY Change 897.12%
Debt Paid & Issued, Net $500.0M
YoY Change -16.67%
Cash From Financing Activities -908.2M -724.8M -164.5M
YoY Change -26.9% 525.91% -6.9%
NET CHANGE
Cash From Operating Activities 2.394B 288.7M 106.8M
Cash From Investing Activities -1.030B -182.4M -90.40M
Cash From Financing Activities -908.2M -724.8M -164.5M
Net Change In Cash 449.8M -618.5M -148.1M
YoY Change -141.01% 740.35% -70.45%
FREE CASH FLOW
Cash From Operating Activities $2.394B $288.7M $106.8M
Capital Expenditures $982.5M -$156.3M -$94.70M
Free Cash Flow $1.411B $445.0M $201.5M
YoY Change 132.61% 7.02% -56.39%

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The durations of Nucor's contracts with customers are generally one year or less. Customer payment terms are generally 30 days.
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NUCOR CORP
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2018-12-31
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