$STLD
STEEL DYNAMICS INC

2023 Q3 Form 10-Q Financial Statement

#000155837023013968 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $4.587B $5.082B
YoY Change -18.84% -18.21%
Cost Of Revenue $3.635B $3.775B
YoY Change -13.19% -12.81%
Gross Profit $952.0M $1.307B
YoY Change -34.99% -30.61%
Gross Profit Margin 20.75% 25.72%
Selling, General & Admin $210.3M $232.2M
YoY Change -11.55% -10.04%
% of Gross Profit 22.09% 17.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $107.4M $111.0M
YoY Change 8.82% 15.95%
% of Gross Profit 11.28% 8.49%
Operating Expenses $218.5M $243.1M
YoY Change -10.67% -8.35%
Operating Profit $733.6M $1.064B
YoY Change -39.87% -34.26%
Interest Expense $18.42M -$20.77M
YoY Change -172.65% -180.91%
% of Operating Profit 2.51% -1.95%
Other Income/Expense, Net $39.46M $31.35M
YoY Change 182.39% 679.61%
Pretax Income $754.6M $1.074B
YoY Change -37.56% -32.7%
Income Tax $174.8M $258.1M
% Of Pretax Income 23.17% 24.03%
Net Earnings $577.2M $812.1M
YoY Change -36.87% -33.14%
Net Earnings / Revenue 12.58% 15.98%
Basic Earnings Per Share $3.49 $4.83
Diluted Earnings Per Share $3.47 $4.81
COMMON SHARES
Basic Shares Outstanding 165.6M 169.0M
Diluted Shares Outstanding 166.1M 168.9M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.266B $2.087B
YoY Change 13.09% 53.68%
Cash & Equivalents $1.765B $1.475B
Short-Term Investments $501.0M $611.7M
Other Short-Term Assets $138.6M $122.0M
YoY Change 39.71% 35.37%
Inventory $2.942B $3.044B
Prepaid Expenses
Receivables $1.882B $2.143B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.229B $7.396B
YoY Change -7.49% -4.64%
LONG-TERM ASSETS
Property, Plant & Equipment $6.313B $5.784B
YoY Change 22.67% 18.36%
Goodwill $477.5M $477.5M
YoY Change 5.73% 5.56%
Intangibles $265.8M $274.0M
YoY Change -3.88% -2.5%
Long-Term Investments
YoY Change
Other Assets $643.7M $620.2M
YoY Change 79.06% 84.99%
Total Long-Term Assets $7.700B $7.155B
YoY Change 23.52% 20.15%
TOTAL ASSETS
Total Short-Term Assets $7.229B $7.396B
Total Long-Term Assets $7.700B $7.155B
Total Assets $14.93B $14.55B
YoY Change 6.27% 6.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.060B $1.049B
YoY Change -9.02% -23.21%
Accrued Expenses $336.2M $614.4M
YoY Change -62.73% 104.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $86.06M $56.87M
YoY Change 274.98% 53.16%
Total Short-Term Liabilities $1.918B $1.759B
YoY Change -9.99% -20.11%
LONG-TERM LIABILITIES
Long-Term Debt $3.009B $3.011B
YoY Change -0.1% -0.01%
Other Long-Term Liabilities $182.2M $175.1M
YoY Change 62.17% 82.5%
Total Long-Term Liabilities $3.191B $3.186B
YoY Change 2.14% 2.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.918B $1.759B
Total Long-Term Liabilities $3.191B $3.186B
Total Liabilities $6.071B $5.843B
YoY Change -0.1% -5.18%
SHAREHOLDERS EQUITY
Retained Earnings $13.19B $12.68B
YoY Change 22.13% 27.51%
Common Stock $1.216B $1.205B
YoY Change -0.41% -0.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.894B $8.708B
YoY Change
Total Liabilities & Shareholders Equity $14.93B $14.55B
YoY Change 6.27% 6.13%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $577.2M $812.1M
YoY Change -36.87% -33.14%
Depreciation, Depletion And Amortization $107.4M $111.0M
YoY Change 8.82% 15.95%
Cash From Operating Activities $1.114B $807.8M
YoY Change -25.56% -19.37%
INVESTING ACTIVITIES
Capital Expenditures $558.4M $358.3M
YoY Change -331.47% 118.27%
Acquisitions
YoY Change
Other Investing Activities $5.891M -$115.0M
YoY Change -102.13% 2287.13%
Cash From Investing Activities -$452.5M -$473.3M
YoY Change -12.66% -7.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -371.0M -464.1M
YoY Change -34.28% -31.08%
NET CHANGE
Cash From Operating Activities 1.114B 807.8M
Cash From Investing Activities -452.5M -473.3M
Cash From Financing Activities -371.0M -464.1M
Net Change In Cash 290.1M -129.6M
YoY Change -29.82% -28.97%
FREE CASH FLOW
Cash From Operating Activities $1.114B $807.8M
Capital Expenditures $558.4M $358.3M
Free Cash Flow $555.3M $449.5M
YoY Change -68.04% -46.34%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Entity Central Index Key
EntityCentralIndexKey
0001022671
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents Asset Statement Of Financial Position Extensible List
RestrictedCashAndCashEquivalentsAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents Asset Statement Of Financial Position Extensible List
RestrictedCashAndCashEquivalentsAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent
us-gaap Derivative Excluded Component Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeExcludedComponentGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold
CY2022Q2 us-gaap Derivative Excluded Component Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeExcludedComponentGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold
us-gaap Derivative Excluded Component Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeExcludedComponentGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold
CY2023Q2 us-gaap Derivative Excluded Component Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeExcludedComponentGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
0-21719
dei Entity Registrant Name
EntityRegistrantName
Steel Dynamics, Inc
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
IN
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
35-1929476
dei Entity Address Address Line1
EntityAddressAddressLine1
7575 West Jefferson Blvd
dei Entity Address City Or Town
EntityAddressCityOrTown
Fort Wayne
dei Entity Address State Or Province
EntityAddressStateOrProvince
IN
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
46804
dei City Area Code
CityAreaCode
260
dei Local Phone Number
LocalPhoneNumber
969-3500
dei Security12b Title
Security12bTitle
Common Stock voting, $0.0025 par value
dei Trading Symbol
TradingSymbol
STLD
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
165644387
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1475356000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1628417000
CY2023Q2 us-gaap Short Term Investments
ShortTermInvestments
611701000
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
628215000
CY2023Q2 us-gaap Inventory Net
InventoryNet
3044009000
CY2022Q4 us-gaap Inventory Net
InventoryNet
3129964000
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
122025000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
195371000
CY2023Q2 us-gaap Assets Current
AssetsCurrent
7396055000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
7638018000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5783622000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5373665000
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
274005000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
267507000
CY2023Q2 us-gaap Goodwill
Goodwill
477471000
CY2022Q4 us-gaap Goodwill
Goodwill
502067000
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
620244000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
378727000
CY2023Q2 us-gaap Assets
Assets
14551397000
CY2022Q4 us-gaap Assets
Assets
14159984000
CY2023Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
39177000
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
6520000
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
321303000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
610558000
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
293102000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
340646000
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
56869000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
57334000
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
1759035000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2032296000
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3010829000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3013241000
CY2023Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
941491000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
889103000
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
175073000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
129539000
CY2023Q2 us-gaap Liabilities
Liabilities
5886428000
CY2022Q4 us-gaap Liabilities
Liabilities
6064179000
CY2023Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
171212000
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
181503000
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0025
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0025
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
267772737
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
267762488
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
166383336
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
172936163
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
650000
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
650000
CY2023Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
101389401
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
94826325
CY2023Q2 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
5179722000
CY2022Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
4459513000
CY2023Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1204134000
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1212566000
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
12681894000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
11375765000
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1027000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
889000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
8707983000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
8130357000
CY2023Q2 us-gaap Minority Interest
MinorityInterest
-214226000
CY2022Q4 us-gaap Minority Interest
MinorityInterest
-216055000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8493757000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7914302000
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14551397000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14159984000
CY2023Q2 us-gaap Revenues
Revenues
5081630000
CY2022Q2 us-gaap Revenues
Revenues
6212878000
us-gaap Revenues
Revenues
9974836000
us-gaap Revenues
Revenues
11782780000
CY2023Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3774772000
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4329536000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
7611856000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
8116925000
CY2023Q2 us-gaap Gross Profit
GrossProfit
1306858000
CY2022Q2 us-gaap Gross Profit
GrossProfit
1883342000
us-gaap Gross Profit
GrossProfit
2362980000
us-gaap Gross Profit
GrossProfit
3665855000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
186442000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
169803000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
189300000
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.81
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.49
CY2023Q2 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
141209000
CY2022Q2 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
118377000
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
285518000
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
270392000
CY2023Q2 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
90990000
CY2022Q2 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
139742000
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
160565000
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
268211000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10924000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7160000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17802000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14322000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1063735000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1618063000
us-gaap Operating Income Loss
OperatingIncomeLoss
1899095000
us-gaap Operating Income Loss
OperatingIncomeLoss
3112930000
CY2023Q2 us-gaap Interest Expense
InterestExpense
20767000
CY2022Q2 us-gaap Interest Expense
InterestExpense
25667000
us-gaap Interest Expense
InterestExpense
43274000
us-gaap Interest Expense
InterestExpense
42336000
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
31348000
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4021000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
66284000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-16447000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1074316000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1596417000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1922105000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3054147000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
258139000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
381765000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
461595000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
732141000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
816177000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
1214652000
us-gaap Profit Loss
ProfitLoss
1460510000
us-gaap Profit Loss
ProfitLoss
2322006000
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4070000
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5098000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
11093000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8521000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
812107000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
1209554000
us-gaap Net Income Loss
NetIncomeLoss
1449417000
us-gaap Net Income Loss
NetIncomeLoss
2313485000
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.83
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.54
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
12.22
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
168009000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
12.14
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
168865000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
187740000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170672000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
190491000
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.425
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.85
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.68
CY2023Q2 us-gaap Profit Loss
ProfitLoss
816177000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
1214652000
us-gaap Profit Loss
ProfitLoss
1460510000
us-gaap Profit Loss
ProfitLoss
2322006000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-247000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-4465000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
44000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-908000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-773000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-14295000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
138000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-2908000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
815404000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1200357000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1460648000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2319098000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4070000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5098000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
11093000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
8521000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
811334000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1195259000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1449555000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2310577000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
816177000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
1214652000
us-gaap Profit Loss
ProfitLoss
1460510000
us-gaap Profit Loss
ProfitLoss
2322006000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
110970000
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
95701000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
218664000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
183247000
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
11678000
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
11069000
us-gaap Share Based Compensation
ShareBasedCompensation
27756000
us-gaap Share Based Compensation
ShareBasedCompensation
27588000
CY2023Q2 stld Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
43380000
CY2022Q2 stld Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
-2636000
stld Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
52388000
stld Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
-4000
CY2023Q2 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1541000
CY2022Q2 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-640000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-8465000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
10517000
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16971000
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
297047000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
87893000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
744281000
CY2023Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
55158000
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
130552000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-85954000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
116237000
CY2023Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4923000
CY2022Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
12887000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2919000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-6515000
CY2023Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-114013000
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
187521000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3299000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
111550000
CY2023Q2 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-85486000
CY2022Q2 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-203352000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
103761000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
138553000
CY2023Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
100611000
CY2022Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
140023000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-317304000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-118634000
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
807806000
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1001852000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1541589000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1820820000
CY2023Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
358280000
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
164142000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
584599000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
323472000
CY2023Q2 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
165052000
CY2022Q2 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
351510000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
521829000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
351510000
CY2023Q2 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
267969000
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
539076000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
222480000
CY2023Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
217905000
CY2022Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-4817000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
215562000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-5227000
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-473268000
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-510835000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-782914000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-892235000
CY2023Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
327132000
CY2022Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
382868000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
721042000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
702647000
CY2023Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
321143000
CY2022Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
414719000
us-gaap Repayments Of Debt
RepaymentsOfDebt
726422000
us-gaap Repayments Of Debt
RepaymentsOfDebt
763991000
CY2023Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
72323000
CY2022Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
64344000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
131121000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
115043000
CY2023Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
380206000
CY2022Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
517024000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
734203000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
906214000
CY2023Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-17579000
CY2022Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-60241000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-41028000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-82768000
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-464119000
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-673460000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-911732000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1165369000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-129581000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-182443000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-153057000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-236784000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1610443000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1195028000
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
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1480862000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1012585000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1480862000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1012585000
CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
41781000
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
41114000
us-gaap Interest Paid Net
InterestPaidNet
51377000
us-gaap Interest Paid Net
InterestPaidNet
50282000
CY2023Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
308055000
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
580454000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
312758000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
590402000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2023Q2 us-gaap Goodwill
Goodwill
477471000
CY2022Q4 us-gaap Goodwill
Goodwill
502067000
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><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">In the opinion of management, these financial statements reflect all normal recurring adjustments necessary for a fair presentation of the interim period results. These consolidated financial statements and notes should be read in conjunction with the audited financial statements and notes thereto included in the company’s Annual Report on Form 10-K for the year ended December 31, 2022.</p>
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5500000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5500000
CY2023Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
2143000000
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7900000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
812107000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
168009000
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.83
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1209554000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
186442000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.49
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
856000
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1298000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
812107000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
168865000
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.81
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1209554000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
187740000
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.44
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1449417000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
169803000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.54
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2313485000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
189300000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
12.22
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
869000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1191000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1449417000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170672000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.49
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2313485000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
190491000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
12.14
CY2023Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1416669000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1608344000
CY2023Q2 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
678823000
CY2022Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
629074000
CY2023Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
305691000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
256071000
CY2023Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
642826000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
636475000
CY2023Q2 us-gaap Inventory Net
InventoryNet
3044009000
CY2022Q4 us-gaap Inventory Net
InventoryNet
3129964000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7914302000
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
72316000
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
7387000
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
353997000
CY2023Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
-5628000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
644333000
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
911000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8120218000
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
70694000
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1877000
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
380206000
CY2023Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
10912000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
816177000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-773000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8493757000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6108757000
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
64344000
CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
21633000
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
389190000
CY2022Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
-2071000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
1107354000
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
11387000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6750260000
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
62088000
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
630000
CY2022Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
517024000
CY2022Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
9712000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
1214652000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-14295000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7380587000
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
31400000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
4271000
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
16377000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
7388000
CY2023Q2 us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
348000
CY2022Q2 us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
10000
us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
47000
us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
295000
CY2023Q2 us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
1400000
CY2022Q2 us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
1600000
us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
2200000
us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
1100000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
321000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-21400000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
2300000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-3200000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
1300000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
2600000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
2100000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-599000
CY2023Q2 us-gaap Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months
PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months
1400000
stld Period With In Which Company Expects To Reclassify Net Gains On Derivative Instruments From Oci To Earnings
PeriodWithInWhichCompanyExpectsToReclassifyNetGainsOnDerivativeInstrumentsFromOciToEarnings
P12M
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
3100000000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3100000000
CY2023Q2 us-gaap Revenues
Revenues
5081630000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1063735000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1074316000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
110970000
CY2023Q2 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
358280000
CY2023Q2 us-gaap Assets
Assets
14551397000
CY2022Q2 us-gaap Revenues
Revenues
6212878000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1618063000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1596417000
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
95701000
CY2022Q2 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
164142000
us-gaap Revenues
Revenues
9974836000
us-gaap Operating Income Loss
OperatingIncomeLoss
1899095000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1922105000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
218664000
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
584599000
us-gaap Revenues
Revenues
11782780000
us-gaap Operating Income Loss
OperatingIncomeLoss
3112930000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3054147000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
183247000
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
323472000
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001558370-23-013968-index-headers.html Edgar Link pending
0001558370-23-013968-index.html Edgar Link pending
0001558370-23-013968.txt Edgar Link pending
0001558370-23-013968-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
stld-20230630.xsd Edgar Link pending
stld-20230630x10q.htm Edgar Link pending
stld-20230630x10q001.jpg Edgar Link pending
stld-20230630x10q002.jpg Edgar Link pending
stld-20230630xex31d1.htm Edgar Link pending
stld-20230630xex31d2.htm Edgar Link pending
stld-20230630xex32d1.htm Edgar Link pending
stld-20230630xex32d2.htm Edgar Link pending
stld-20230630xex3d1.htm Edgar Link pending
stld-20230630_def.xml Edgar Link unprocessable
stld-20230630_lab.xml Edgar Link unprocessable
stld-20230630_pre.xml Edgar Link unprocessable
stld-20230630x10q_htm.xml Edgar Link completed
stld-20230630_cal.xml Edgar Link unprocessable