$STLD
STEEL DYNAMICS INC

2023 Q1 Form 10-K Financial Statement

#000155837023002303 Filed on February 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $4.893B $4.826B $22.26B
YoY Change -12.15% -9.12% 20.92%
Cost Of Revenue $3.837B $3.839B $16.14B
YoY Change 1.31% 8.17% 23.73%
Gross Profit $1.056B $987.5M $6.118B
YoY Change -40.75% -43.95% 14.09%
Gross Profit Margin 21.58% 20.46% 27.48%
Selling, General & Admin $213.9M $221.8M $998.2M
YoY Change -23.74% -31.86% -3.29%
% of Gross Profit 20.25% 22.46% 16.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $107.7M $102.2M $384.2M
YoY Change 23.01% 18.5% 10.51%
% of Gross Profit 10.2% 10.35% 6.28%
Operating Expenses $220.8M $228.5M $1.026B
YoY Change -23.25% -31.32% -3.33%
Operating Profit $835.4M $759.0M $5.092B
YoY Change -44.12% -46.89% 18.38%
Interest Expense -$22.51M -$23.86M -$91.54M
YoY Change -235.02% 93.35% -260.01%
% of Operating Profit -2.69% -3.14% -1.8%
Other Income/Expense, Net $34.94M $23.26M $20.79M
YoY Change -270.69% -392.91% -159.68%
Pretax Income $847.8M $758.5M $5.021B
YoY Change -41.84% -46.17% 19.29%
Income Tax $203.5M $119.4M $1.142B
% Of Pretax Income 24.0% 15.75% 22.74%
Net Earnings $637.3M $634.9M $3.863B
YoY Change -42.45% -41.78% 18.97%
Net Earnings / Revenue 13.02% 13.15% 17.35%
Basic Earnings Per Share $3.71 $21.06
Diluted Earnings Per Share $3.70 $3.609M $20.92M
COMMON SHARES
Basic Shares Outstanding 171.6M 175.6M 183.4M
Diluted Shares Outstanding 172.5M 184.6M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.320B $2.257B $2.257B
YoY Change 95.01% 81.42% 81.42%
Cash & Equivalents $1.605B $1.628B $1.628B
Short-Term Investments $714.8M $628.2M $628.2M
Other Short-Term Assets $127.0M $195.4M $195.4M
YoY Change 59.53% -6.78% -6.78%
Inventory $2.989B $3.130B $3.130B
Prepaid Expenses
Receivables $2.127B $2.056B $2.056B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.563B $7.638B $7.638B
YoY Change 5.78% 10.68% 10.68%
LONG-TERM ASSETS
Property, Plant & Equipment $5.491B $5.374B $5.374B
YoY Change 13.74% 13.1% 10.76%
Goodwill $502.1M $502.1M
YoY Change 10.81% 10.63%
Intangibles $260.6M $267.5M
YoY Change -9.56% -9.43%
Long-Term Investments
YoY Change
Other Assets $403.3M $378.7M $378.7M
YoY Change 19.4% 192.23% 1184.82%
Total Long-Term Assets $6.657B $6.522B $6.522B
YoY Change 12.7% 15.84% 15.84%
TOTAL ASSETS
Total Short-Term Assets $7.563B $7.638B $7.638B
Total Long-Term Assets $6.657B $6.522B $6.522B
Total Assets $14.22B $14.16B $14.16B
YoY Change 8.91% 13.0% 13.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.139B $1.017B $1.017B
YoY Change -5.25% -19.7% -20.56%
Accrued Expenses $506.0M $951.2M $951.2M
YoY Change 87.3% 241.49% 13.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $46.45M $57.33M $57.33M
YoY Change -32.08% -41.0% -41.0%
Total Short-Term Liabilities $1.821B $2.032B $2.032B
YoY Change -12.92% -8.76% -8.76%
LONG-TERM LIABILITIES
Long-Term Debt $3.014B $3.013B $3.013B
YoY Change 0.14% 0.15% 0.15%
Other Long-Term Liabilities $180.3M $129.5M $129.5M
YoY Change 49.13% 7.87% 7.87%
Total Long-Term Liabilities $3.195B $3.143B $3.143B
YoY Change 2.03% 0.45% 0.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.821B $2.032B $2.032B
Total Long-Term Liabilities $3.195B $3.143B $3.143B
Total Liabilities $5.883B $6.030B $6.030B
YoY Change -3.21% -2.92% -3.16%
SHAREHOLDERS EQUITY
Retained Earnings $11.94B $11.38B
YoY Change 35.68% 46.57%
Common Stock $1.195B $1.213B
YoY Change -0.83% -0.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.337B $8.130B $8.130B
YoY Change
Total Liabilities & Shareholders Equity $14.22B $14.16B $14.16B
YoY Change 8.91% 13.0% 13.0%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $637.3M $634.9M $3.863B
YoY Change -42.45% -41.78% 18.97%
Depreciation, Depletion And Amortization $107.7M $102.2M $384.2M
YoY Change 23.01% 18.5% 10.51%
Cash From Operating Activities $733.8M $1.143B $4.460B
YoY Change -10.4% 57.95% 102.37%
INVESTING ACTIVITIES
Capital Expenditures $226.3M -$344.2M -$908.9M
YoY Change 42.04% 68.28% -190.33%
Acquisitions
YoY Change
Other Investing Activities -$83.33M -$124.7M -$970.4M
YoY Change 20223.66% -3616.22% 14130.34%
Cash From Investing Activities -$309.6M -$468.9M -$1.879B
YoY Change -18.81% 133.28% 88.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$1.801B
YoY Change -269.8%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -447.6M -466.6M -2.197B
YoY Change -9.0% 24.52% 65.22%
NET CHANGE
Cash From Operating Activities 733.8M 1.143B 4.460B
Cash From Investing Activities -309.6M -468.9M -1.879B
Cash From Financing Activities -447.6M -466.6M -2.197B
Net Change In Cash -23.48M 207.9M 384.6M
YoY Change -56.8% 40.33% -408.25%
FREE CASH FLOW
Cash From Operating Activities $733.8M $1.143B $4.460B
Capital Expenditures $226.3M -$344.2M -$908.9M
Free Cash Flow $507.5M $1.488B $5.369B
YoY Change -23.07% 60.23% 348.23%

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OtherNonoperatingIncomeExpense
-46787000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5021069000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4209070000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
705478000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1141577000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
962256000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
134650000
CY2022 us-gaap Profit Loss
ProfitLoss
3879492000
CY2021 us-gaap Profit Loss
ProfitLoss
3246814000
CY2020 us-gaap Profit Loss
ProfitLoss
570828000
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16818000
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
32748000
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
20006000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3862674000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3214066000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
550822000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
21.06
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
15.67
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.61
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
183393000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
205115000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
211140000
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
20.92
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
15.56
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.59
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
937000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184622000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
206615000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
212345000
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.36
CY2021 stld Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
322007000
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-1247000
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
594000
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
2980000
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-3993000
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1909000
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3882472000
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3242821000
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
572737000
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
16818000
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
32748000
CY2020 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
20006000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3865654000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3210073000
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
552731000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3921241000
CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
210496000
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
20965000
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
106529000
CY2020 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
33624000
CY2020 us-gaap Profit Loss
ProfitLoss
570828000
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1909000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4189612000
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
210939000
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
73230000
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1060632000
CY2021 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
21125000
CY2021 us-gaap Profit Loss
ProfitLoss
3246814000
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-3993000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6108757000
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
245287000
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
38854000
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1800905000
CY2022 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
8119000
CY2022 us-gaap Profit Loss
ProfitLoss
3879492000
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
2980000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7914302000
CY2022 us-gaap Profit Loss
ProfitLoss
3879492000
CY2021 us-gaap Profit Loss
ProfitLoss
3246814000
CY2020 us-gaap Profit Loss
ProfitLoss
570828000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
384202000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
347653000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
325789000
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
19409000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
59240000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
57715000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
55598000
CY2022 stld Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
37186000
CY2020 stld Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
47808000
CY2022 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-1795000
CY2021 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-3240000
CY2020 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
30974000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
110560000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
944516000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
111920000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-413262000
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-289042000
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
557735000
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
182509000
CY2022 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
31623000
CY2021 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-105921000
CY2020 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
32551000
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
63679000
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
414214000
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-14371000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4460403000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2204136000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
987032000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
908902000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1006239000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1198055000
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
927584000
CY2020 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
149359000
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
297950000
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
411533000
CY2022 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
134090000
CY2020 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
60012000
CY2022 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
222480000
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-15837000
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6819000
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2634000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1879269000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-999420000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-993259000
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1465257000
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1516556000
CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2523356000
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
1507475000
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
1522002000
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
2177527000
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
237163000
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
212968000
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
209248000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1800905000
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1060632000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
106529000
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-116298000
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-50423000
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-37100000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2196584000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1329469000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7048000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
384550000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-124753000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1063844000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13275000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1249369000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1374122000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1387397000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1633919000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1249369000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
737157000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
50417000
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2022 stld Percentage Of Workforce Subject To Collective Bargaining Arrangements
PercentageOfWorkforceSubjectToCollectiveBargainingArrangements
0.05
CY2022 stld Number Of Locations Subject To Collective Bargaining Agreements
NumberOfLocationsSubjectToCollectiveBargainingAgreements
6
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">These consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States, and accordingly, include amounts that require management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and in the notes thereto. Significant items subject to such estimates and assumptions include the carrying value of property, plant and equipment, intangible assets, and goodwill; valuation allowances for trade receivables, inventories and deferred income tax assets; unrecognized tax benefits; potential environmental liabilities; and litigation claims and settlements. Actual results may differ from these estimates and assumptions.</p>
CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
2056100000
CY2021Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
1916400000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5700000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6200000
CY2020 us-gaap Depreciation
Depreciation
290500000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5500000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5500000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5500000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5900000
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
628200000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1608344000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1870300000
CY2022Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
629074000
CY2021Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
552616000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
256071000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
402207000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
636475000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
706007000
CY2022Q4 us-gaap Inventory Net
InventoryNet
3129964000
CY2021Q4 us-gaap Inventory Net
InventoryNet
3531130000
CY2022 us-gaap Depreciation
Depreciation
349400000
CY2021 us-gaap Depreciation
Depreciation
311400000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9224683000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8256544000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3851018000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3505114000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5373665000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4751430000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
569062000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
676186000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
301555000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
380841000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
267507000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
295345000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27800000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29200000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29000000.0
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
27439000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
26701000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
24783000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
23820000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
21837000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
142927000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
267507000
CY2022Q4 us-gaap Goodwill
Goodwill
502067000
CY2021Q4 us-gaap Goodwill
Goodwill
453835000
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
69200000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
80200000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
50700000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3862674000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
183393000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
21.06
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3214066000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
205115000
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
15.67
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1229000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1500000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3862674000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184622000
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
20.92
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
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3214066000
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15.56
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550822000
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211140000
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2.61
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1205000
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Concentration of Credit Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject the company to significant concentrations of credit risk principally consist of temporary cash investments and accounts receivable. When advantageous, the company places its temporary cash with high credit quality financial institutions and companies and limits the amount of credit exposure from any one entity. The company is exposed to credit risk in the event of nonpayment by customers. The company mitigates its exposure to credit risk, which it generally extends initially on an unsecured basis, by performing ongoing credit evaluations and taking further action if necessary, such as requiring letters of credit or other security interests to support the customer receivable.</p>
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57334000
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1500361000
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CY2020 us-gaap Income Tax Expense Benefit
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0.210
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
705478000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
325789000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1198055000

Files In Submission

Name View Source Status
stld-20221231x10k_htm.xml Edgar Link completed
0001558370-23-002303-index-headers.html Edgar Link pending
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0001558370-23-002303-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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stld-20221231.xsd Edgar Link pending
stld-20221231x10k.htm Edgar Link pending
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stld-20221231_cal.xml Edgar Link unprocessable
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stld-20221231_lab.xml Edgar Link unprocessable
stld-20221231_pre.xml Edgar Link unprocessable