The company's segment results for the years ended December 31, are as follows (in thousands):

For the Year Ended December 31, 2014	Steel Operations		Metals Recycling / Ferrous Resources			Steel Fabrication Operations		Other			Eliminations			Consolidated
Net Sales
External	$	5,300,762	$	2,246,069		$	631,750	$	94,377		$	—		$	8,272,958
External Non-U.S.		240,981		240,900			—		1,113			—			482,994
Other segments		279,835		1,282,272			58		27,496			(1,589,661	)		—

		5,821,578		3,769,241			631,808		122,986			(1,589,661	)		8,755,952

Operating income (loss)		671,607		(308,730)	(7)		51,894		(98,879)	(1)		4,428	(2)		320,320
Income (loss) before income taxes		602,651		(335,974)	(7)		45,376		(151,678)	(8)		4,428			164,803
Depreciation and amortization		139,761		108,743			9,712		5,313			(204	)		263,325
Capital expenditures		61,426		46,374			3,027		958			—			111,785
As of December 31, 2014
Assets		4,406,402		2,169,902			301,316		639,844	(3)		(206,437)	(4)		7,311,027
Liabilities		768,047		574,850			42,234		3,200,497	(5)		(196,468)	(6)		4,389,160

Footnotes related to the year ended December 31, 2014 segment results (in millions):

(1)	Corporate SG&A	$	(42.0	)	(2)	Gross profit increase from intra-company sales	$	4.4


	Company-wide equity-based compensation		(22.8	)
	Profit sharing		(36.3	)
	Other, net		2.2

		$	(98.9	)


(3)	Cash and equivalents	$	267.8		(4)	Elimination of intra-company receivables	$	(60.3	)
	Accounts receivable		10.0			Elimination of intra-company debt		(137.1	)
	Inventories		21.0			Other		(9.0	)

	Deferred income taxes		35.4				$	(206.4	)


	Property, plant and equipment, net		68.9
	Debt issuance costs		42.0
	Intra-company debt		137.1
	Other		57.6

		$	639.8


(5)	Accounts payable	$	50.7		(6)	Elimination of intra-company payables	$	(60.8	)
	Income taxes payable		6.1			Elimination of intra-company debt		(137.1	)
	Accrued interest		50.2			Other		1.4

	Accrued profit sharing		36.8				$	(196.5	)


	Debt		2,953.3
	Deferred income taxes		71.4
	Other		32.0

		$	3,200.5


(7)	Includes $260.0 million of impairment charges associated with the Minnesota ironmaking operations.				(8)	Includes $25.2 million of acquisition and bridge financing costs associated with the acquisition of Columbus.

For the Year Ended December 31, 2013	Steel Operations		Metals Recycling / Ferrous Resources			Steel Fabrication Operations		Other			Eliminations			Consolidated
Net Sales
External	$	4,256,077	$	2,173,863		$	438,254	$	87,532		$	—		$	6,955,726
External Non-U.S.		205,380		210,978			—		840			—			417,198
Other segments		223,713		1,173,878			1,401		26,954			(1,425,946	)		—

		4,685,170		3,558,719			439,655		115,326			(1,425,946	)		7,372,924

Operating income (loss)		504,384		(52,468	)		7,003		(71,446)	(1)		(948)	(2)		386,525
Income (loss) before income taxes		449,405		(84,826	)		827		(101,628	)		(948	)		262,830
Depreciation and amortization		106,603		109,847			8,736		5,946			(204	)		230,928
Capital expenditures		121,835		60,678			2,166		2,164			—			186,843
As of December 31, 2013
Assets		2,642,866		2,549,626			270,215		686,594	(3)		(216,295)	(4)		5,933,006
Liabilities		563,924		588,232			22,704		2,349,722	(5)		(203,945)	(6)		3,320,637

Footnotes related to the twelve months ended December 31, 2013 segment results (in millions):

(1)	Corporate SG&A	$	(37.3	)	(2)	Gross profit decrease from intra-company sales	$	(0.9	)


	Company-wide equity-based compensation		(13.9	)
	Profit sharing		(23.1	)
	Other, net		2.9

		$	(71.4	)


(3)	Cash and equivalents	$	325.7		(4)	Elimination of intra-company receivables	$	(43.5	)
	Accounts receivable		8.5			Elimination of intra-company debt		(159.3	)
	Inventories		10.4			Other		(13.5	)

	Deferred income taxes		23.2				$	(216.3	)


	Property, plant and equipment, net		72.5
	Debt issuance costs		26.0
	Intra-company debt		159.3
	Other		61.0

		$	686.6


(5)	Accounts payable	$	36.3		(6)	Elimination of intra-company payables	$	(43.9	)
	Income taxes payable		4.0			Elimination of intra-company debt		(159.3	)
	Accrued interest		31.2			Other		(0.8	)

	Accrued profit sharing		23.4				$	(204.0	)


	Debt		2,038.3
	Deferred income taxes		190.2
	Other		26.3

		$	2,349.7

For the Year Ended December 31, 2012	Steel Operations		Metals Recycling / Ferrous Resources			Steel Fabrication Operations			Other			Eliminations			Consolidated
Net Sales
External	$	4,294,437	$	2,116,537		$	371,084		$	69,307		$	—		$	6,851,365
External Non-U.S.		212,351		226,061			—			457			—			438,869
Other segments		194,320		1,269,198			322			17,698			(1,481,538	)		—

		4,701,108		3,611,796			371,406			87,462			(1,481,538	)		7,290,234

Operating income (loss)		495,640		(36,508	)		2,114			(66,829)	(1)		(3,252)	(2)		391,165
Income (loss) before income taxes		425,509		(70,433	)		(4,580	)		(143,178	)		(3,252	)		204,066
Depreciation and amortization		104,222		103,993			8,025			9,180			(204	)		225,216
Capital expenditures		55,786		159,768			5,735			2,236			—			223,525
As of December 31, 2012
Assets		2,485,235		2,568,233			242,747			714,069	(3)		(194,868)	(4)		5,815,416
Liabilities		525,351		484,017			15,983			2,497,750	(5)		(184,341)	(6)		3,338,760

Footnotes related to the twelve months ended December 31, 2012 segment results (in millions):

(1)	Corporate SG&A	$	(32.3	)	(2)	Gross profit decrease from intra-company sales	$	(3.3	)


	Company-wide equity-based compensation		(8.3	)
	Profit sharing		(20.5	)
	Other, net		(5.7	)

		$	(66.8	)


(3)	Cash and equivalents	$	327.1		(4)	Elimination of intra-company receivables	$	(41.4	)
	Investments in short-term commercial paper		31.5			Elimination of intra-company debt		(141.1	)
	Accounts receivable		8.7			Other		(12.4	)

	Inventories		11.5				$	(194.9	)


	Deferred income taxes		23.4
	Property, plant and equipment, net		75.5
	Debt issuance costs		27.9
	Intra-company debt		141.1
	Other		67.4

		$	714.1


(5)	Accounts payable	$	32.2		(6)	Elimination of intra-company payables	$	(41.7	)
	Income taxes payable		17.1			Elimination of intra-company debt		(141.1	)
	Accrued interest		35.1			Other		(1.5	)

	Accrued profit sharing		20.7				$	(184.3	)


	Debt		2,152.2
	Deferred income taxes		218.2
	Other		22.3

		$	2,497.8