XML 27 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales      
Unrelated parties $ 7,407,233 $ 8,481,567 $ 7,087,101
Related parties 187,178 274,385 285,823
Total net sales 7,594,411 8,755,952 7,372,924
Costs of goods sold 6,862,693 7,789,741 6,653,780
Gross profit 731,718 966,211 719,144
Selling, general and administrative expenses 327,626 316,214 272,777
Profit sharing 23,064 42,126 27,764
Amortization of intangible assets 25,312 27,551 31,770
Impairment charges 428,500 260,000 308
Operating income (loss) (72,784) 320,320 386,525
Interest expense, net of capitalized interest 153,950 137,263 127,728
Other (income) expense, net 15,383 18,254 (4,033)
Income (loss) before income taxes (242,117) 164,803 262,830
Income tax expense (benefit) (96,947) 73,153 99,314
Net income (loss) (145,170) 91,650 163,516
Net loss attributable to noncontrolling interests 14,859 65,374 25,798
Net income (loss) attributable to Steel Dynamics, Inc. $ (130,311) $ 157,024 $ 189,314
Basic earnings (loss) per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) $ (0.54) $ 0.68 $ 0.86
Weighted average common shares outstanding - basic (in shares) 242,017 232,547 220,916
Diluted earnings (loss) per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ (0.54) $ 0.67 $ 0.83
Weighted average common shares and share equivalents outstanding (in shares) 242,017 242,078 238,996
Dividends declared per share (in dollars per share) $ 0.55 $ 0.46 $ 0.44