$STLD
STEEL DYNAMICS INC

2023 Q4 Form 10-Q Financial Statement

#000155837023018528 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $4.233B $4.587B
YoY Change -12.28% -18.84%
Cost Of Revenue $3.503B $3.635B
YoY Change -8.76% -13.19%
Gross Profit $730.9M $952.0M
YoY Change -25.99% -34.99%
Gross Profit Margin 17.26% 20.75%
Selling, General & Admin $204.3M $210.3M
YoY Change -7.92% -11.55%
% of Gross Profit 27.95% 22.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $111.7M $107.4M
YoY Change 9.26% 8.82%
% of Gross Profit 15.28% 11.28%
Operating Expenses $212.3M $218.5M
YoY Change -7.07% -10.67%
Operating Profit $518.5M $733.6M
YoY Change -31.69% -39.87%
Interest Expense -$14.80M $18.42M
YoY Change -37.98% -172.65%
% of Operating Profit -2.85% 2.51%
Other Income/Expense, Net $38.50M $39.46M
YoY Change 65.53% 182.39%
Pretax Income $542.2M $754.6M
YoY Change -28.51% -37.56%
Income Tax $115.2M $174.8M
% Of Pretax Income 21.25% 23.17%
Net Earnings $424.3M $577.2M
YoY Change -33.17% -36.87%
Net Earnings / Revenue 10.02% 12.58%
Basic Earnings Per Share $3.49
Diluted Earnings Per Share $2.62 $3.47
COMMON SHARES
Basic Shares Outstanding 161.8M 165.6M
Diluted Shares Outstanding 166.1M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.122B $2.266B
YoY Change -5.96% 13.09%
Cash & Equivalents $1.401B $1.765B
Short-Term Investments $721.2M $501.0M
Other Short-Term Assets $162.8M $138.6M
YoY Change -16.68% 39.71%
Inventory $2.895B $2.942B
Prepaid Expenses
Receivables $1.608B $1.882B
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.788B $7.229B
YoY Change -11.13% -7.49%
LONG-TERM ASSETS
Property, Plant & Equipment $6.734B $6.313B
YoY Change 25.32% 22.67%
Goodwill $477.5M $477.5M
YoY Change -4.9% 5.73%
Intangibles $257.8M $265.8M
YoY Change -3.64% -3.88%
Long-Term Investments
YoY Change
Other Assets $651.1M $643.7M
YoY Change 71.93% 79.06%
Total Long-Term Assets $8.121B $7.700B
YoY Change 24.51% 23.52%
TOTAL ASSETS
Total Short-Term Assets $6.788B $7.229B
Total Long-Term Assets $8.121B $7.700B
Total Assets $14.91B $14.93B
YoY Change 5.29% 6.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.088B $1.060B
YoY Change 6.99% -9.02%
Accrued Expenses $778.5M $336.2M
YoY Change -18.16% -62.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $460.0M $86.06M
YoY Change 702.29% 274.98%
Total Short-Term Liabilities $2.332B $1.918B
YoY Change 14.76% -9.99%
LONG-TERM LIABILITIES
Long-Term Debt $2.611B $3.009B
YoY Change -13.35% -0.1%
Other Long-Term Liabilities $180.8M $182.2M
YoY Change 39.54% 62.17%
Total Long-Term Liabilities $2.792B $3.191B
YoY Change -11.17% 2.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.332B $1.918B
Total Long-Term Liabilities $2.792B $3.191B
Total Liabilities $6.042B $6.071B
YoY Change 0.2% -0.1%
SHAREHOLDERS EQUITY
Retained Earnings $13.55B $13.19B
YoY Change 19.07% 22.13%
Common Stock $1.218B $1.216B
YoY Change 0.42% -0.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.867B $8.894B
YoY Change
Total Liabilities & Shareholders Equity $14.91B $14.93B
YoY Change 5.29% 6.27%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $424.3M $577.2M
YoY Change -33.17% -36.87%
Depreciation, Depletion And Amortization $111.7M $107.4M
YoY Change 9.26% 8.82%
Cash From Operating Activities $864.6M $1.114B
YoY Change -24.38% -25.56%
INVESTING ACTIVITIES
Capital Expenditures $514.9M $558.4M
YoY Change -249.59% -331.47%
Acquisitions
YoY Change
Other Investing Activities -$219.8M $5.891M
YoY Change 76.32% -102.13%
Cash From Investing Activities -$734.7M -$452.5M
YoY Change 56.7% -12.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -494.3M -371.0M
YoY Change 5.94% -34.28%
NET CHANGE
Cash From Operating Activities 864.6M 1.114B
Cash From Investing Activities -734.7M -452.5M
Cash From Financing Activities -494.3M -371.0M
Net Change In Cash -364.5M 290.1M
YoY Change -275.28% -29.82%
FREE CASH FLOW
Cash From Operating Activities $864.6M $1.114B
Capital Expenditures $514.9M $558.4M
Free Cash Flow $349.7M $555.3M
YoY Change -76.49% -68.04%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q3 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
Q3
dei Amendment Flag
AmendmentFlag
false
CY2023Q3 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
CY2022Q3 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
CY2023Q3 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
2023-09-30
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
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
161816470
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1765467000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1628417000
CY2023Q3 us-gaap Short Term Investments
ShortTermInvestments
500844000
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
628215000
CY2023Q3 us-gaap Inventory Net
InventoryNet
2941634000
CY2022Q4 us-gaap Inventory Net
InventoryNet
3129964000
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
138605000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
195371000
CY2023Q3 us-gaap Assets Current
AssetsCurrent
7228599000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
7638018000
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6313366000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5373665000
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
265845000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
267507000
CY2023Q3 us-gaap Goodwill
Goodwill
477471000
CY2022Q4 us-gaap Goodwill
Goodwill
502067000
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
643675000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
378727000
CY2023Q3 us-gaap Assets
Assets
14928956000
CY2022Q4 us-gaap Assets
Assets
14159984000
CY2023Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
30343000
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
6520000
CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
405556000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
610558000
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
336242000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
340646000
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
86061000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
57334000
CY2023Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1918377000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2032296000
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3009010000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3013241000
CY2023Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
961117000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
889103000
CY2023Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
182161000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
129539000
CY2023Q3 us-gaap Liabilities
Liabilities
6070665000
CY2022Q4 us-gaap Liabilities
Liabilities
6064179000
CY2023Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
171212000
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
181503000
CY2023Q3 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
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
267772737
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
267762488
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
163489456
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
172936163
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
650000
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
650000
CY2023Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
104283281
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
94826325
CY2023Q3 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
5510983000
CY2022Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
4459513000
CY2023Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1214894000
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1212566000
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
13189468000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
11375765000
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-494000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
889000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
8893535000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
8130357000
CY2023Q3 us-gaap Minority Interest
MinorityInterest
-206456000
CY2022Q4 us-gaap Minority Interest
MinorityInterest
-216055000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8687079000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7914302000
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14928956000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14159984000
CY2023Q3 us-gaap Revenues
Revenues
4587057000
CY2022Q3 us-gaap Revenues
Revenues
5651707000
us-gaap Revenues
Revenues
14561893000
us-gaap Revenues
Revenues
17434487000
CY2023Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3635038000
CY2022Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4187278000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
11246894000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
12304203000
CY2023Q3 us-gaap Gross Profit
GrossProfit
952019000
CY2022Q3 us-gaap Gross Profit
GrossProfit
1464429000
us-gaap Gross Profit
GrossProfit
3314999000
us-gaap Gross Profit
GrossProfit
5130284000
CY2023Q3 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
145896000
CY2022Q3 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
132627000
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
431414000
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
403019000
CY2023Q3 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
64413000
CY2022Q3 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
105122000
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
224978000
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
373333000
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8160000
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6836000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25962000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21158000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
733550000
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1219844000
us-gaap Operating Income Loss
OperatingIncomeLoss
2632645000
us-gaap Operating Income Loss
OperatingIncomeLoss
4332774000
CY2023Q3 us-gaap Interest Expense
InterestExpense
18415000
CY2022Q3 us-gaap Interest Expense
InterestExpense
25347000
us-gaap Interest Expense
InterestExpense
61689000
us-gaap Interest Expense
InterestExpense
67683000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
39464000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13975000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
105748000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2472000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
754599000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1208472000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2676704000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4262619000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
174817000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
289997000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
636412000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1022138000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
579782000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
918475000
us-gaap Profit Loss
ProfitLoss
2040292000
us-gaap Profit Loss
ProfitLoss
3240481000
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2587000
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4150000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13680000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12671000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
577195000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
914325000
us-gaap Net Income Loss
NetIncomeLoss
2026612000
us-gaap Net Income Loss
NetIncomeLoss
3227810000
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.49
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
12.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
17.33
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165170000
us-gaap Share Based Compensation
ShareBasedCompensation
39800000
us-gaap Share Based Compensation
ShareBasedCompensation
39681000
CY2023Q3 stld Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
19625000
CY2022Q3 stld Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
3990000
stld Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
72013000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
180264000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
168259000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
186288000
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.47
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
11.98
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
17.21
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166105000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181613000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169150000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
187531000
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.425
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.275
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.02
CY2023Q3 us-gaap Profit Loss
ProfitLoss
579782000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
918475000
us-gaap Profit Loss
ProfitLoss
2040292000
us-gaap Profit Loss
ProfitLoss
3240481000
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-485000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
703000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-441000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-205000
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-1521000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
2251000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-1383000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-657000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
578261000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
920726000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2038909000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3239824000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2587000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4150000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
13680000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
12671000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
575674000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
916576000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2025229000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3227153000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
579782000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
918475000
us-gaap Profit Loss
ProfitLoss
2040292000
us-gaap Profit Loss
ProfitLoss
3240481000
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
107418000
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
98714000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
326082000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
281961000
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
12044000
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
12093000
stld Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
3986000
CY2023Q3 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-12163000
CY2022Q3 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-12409000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-20628000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-1892000
CY2023Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-260915000
CY2022Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-326731000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-173022000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
417550000
CY2023Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-102376000
CY2022Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-270628000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-188330000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-154391000
CY2023Q3 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
13423000
CY2022Q3 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
15789000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
10504000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
9274000
CY2023Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-57532000
CY2022Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-264313000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-54233000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-152763000
CY2023Q3 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-7105000
CY2022Q3 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
8269000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
96656000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
146822000
CY2023Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
121762000
CY2022Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
149766000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-195542000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
31132000
CY2023Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1113699000
CY2022Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1496155000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2655288000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3316975000
CY2023Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
558361000
CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
241229000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1142960000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
564701000
CY2023Q3 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
170887000
CY2022Q3 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
283188000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
692716000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
634698000
CY2023Q3 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
282592000
CY2022Q3 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
49794000
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
821668000
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
49794000
CY2022Q3 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
47638000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
47638000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
222480000
CY2023Q3 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5891000
CY2022Q3 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-4113000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
221453000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-9340000
CY2023Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-452547000
CY2022Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-518148000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1235461000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1410383000
CY2023Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
345563000
CY2022Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
348286000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1066605000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1050933000
CY2023Q3 us-gaap Repayments Of Debt
RepaymentsOfDebt
316511000
CY2022Q3 us-gaap Repayments Of Debt
RepaymentsOfDebt
363060000
us-gaap Repayments Of Debt
RepaymentsOfDebt
1042933000
us-gaap Repayments Of Debt
RepaymentsOfDebt
1127051000
CY2023Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
70713000
CY2022Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
62088000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
201834000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
177131000
CY2023Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
331318000
CY2022Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
481676000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1065521000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1387890000
CY2023Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1953000
CY2022Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6057000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-39075000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-88825000
CY2023Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-371026000
CY2022Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-564595000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1282758000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1729964000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
290126000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
413412000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
137069000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
176628000
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
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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1770988000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1425997000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1770988000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1425997000
CY2023Q3 us-gaap Interest Paid Net
InterestPaidNet
9848000
CY2022Q3 us-gaap Interest Paid Net
InterestPaidNet
9214000
us-gaap Interest Paid Net
InterestPaidNet
61225000
us-gaap Interest Paid Net
InterestPaidNet
59496000
CY2023Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
160178000
CY2022Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
276948000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
472936000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
867350000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
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>
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5500000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5500000
CY2023Q3 us-gaap Goodwill
Goodwill
477471000
CY2022Q4 us-gaap Goodwill
Goodwill
502067000
CY2023Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
1882000000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8100000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022Q3 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
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
577195000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165170000
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.49
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
914325000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
180264000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.07
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
935000
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1349000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
577195000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166105000
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.47
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
914325000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181613000
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.03
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2026612000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
168259000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
12.04
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3227810000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
186288000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
17.33
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
891000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1243000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2026612000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169150000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
11.98
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3227810000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
187531000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
17.21
CY2023Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1288497000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1608344000
CY2023Q3 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
692738000
CY2022Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
629074000
CY2023Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
341036000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
256071000
CY2023Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
619363000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
636475000
CY2023Q3 us-gaap Inventory Net
InventoryNet
2941634000
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
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
69483000
CY2023Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
5183000
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
331318000
CY2023Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
10679000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
579782000
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-1521000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8687079000
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
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
60031000
CY2022Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4743000
CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
481676000
CY2022Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
7939000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
918475000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
2251000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7762802000
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
6666000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
4271000
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
5857000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
7388000
CY2023Q3 us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
172000
CY2022Q3 us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
-151000
us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
219000
us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
145000
CY2023Q3 us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
-1500000
CY2022Q3 us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
817000
us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
732000
us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
1900000
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-2300000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
10000000.0
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-38000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
6800000
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-341000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-7100000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
1800000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-7700000
CY2023Q3 us-gaap Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months
PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months
-651000
stld Period With In Which Company Expects To Reclassify Net Gains On Derivative Instruments From Oci To Earnings
PeriodWithInWhichCompanyExpectsToReclassifyNetGainsOnDerivativeInstrumentsFromOciToEarnings
P12M
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
3100000000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3100000000
CY2023Q3 us-gaap Revenues
Revenues
4587057000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
733550000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
754599000
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
107418000
CY2023Q3 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
558361000
CY2023Q3 us-gaap Assets
Assets
14928956000
CY2022Q3 us-gaap Revenues
Revenues
5651707000
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1219844000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1208472000
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
98714000
CY2022Q3 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
241229000
us-gaap Revenues
Revenues
14561893000
us-gaap Operating Income Loss
OperatingIncomeLoss
2632645000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2676704000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
326082000
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
1142960000
us-gaap Revenues
Revenues
17434487000
us-gaap Operating Income Loss
OperatingIncomeLoss
4332774000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4262619000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
281961000
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
564701000
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001558370-23-018528-index-headers.html Edgar Link pending
0001558370-23-018528-index.html Edgar Link pending
0001558370-23-018528.txt Edgar Link pending
0001558370-23-018528-xbrl.zip Edgar Link pending
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-20230930.xsd Edgar Link pending
stld-20230930x10q.htm Edgar Link pending
stld-20230930x10q001.jpg Edgar Link pending
stld-20230930x10q002.jpg Edgar Link pending
stld-20230930xex31d1.htm Edgar Link pending
stld-20230930xex31d2.htm Edgar Link pending
stld-20230930xex32d1.htm Edgar Link pending
stld-20230930xex32d2.htm Edgar Link pending
stld-20230930_cal.xml Edgar Link unprocessable
stld-20230930_def.xml Edgar Link unprocessable
stld-20230930_pre.xml Edgar Link unprocessable
stld-20230930_lab.xml Edgar Link unprocessable
stld-20230930x10q_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable