XML 57 R37.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidating Information (Details 2) (USD $)
In Thousands
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Condensed Consolidating Financial Statements    
Net sales$ 2,043,455$ 1,584,164$ 6,139,155$ 4,772,753
Costs of goods sold1,844,2121,444,6325,367,7724,230,755
Gross profit (loss)199,243139,532771,383541,998
Selling, general and administrative90,45870,532269,053224,066
Operating income (loss)108,78569,000502,330317,932
Interest expense, net of capitalized interest44,70244,286132,860125,249
Other (income) expense, net(3,523)(6,215)(13,835)(12,817)
Income (loss) before income taxes and equity in net income of subsidiaries67,60630,929383,305205,500
Income taxes (benefit)27,74915,574143,39279,959
Net income (loss), including portion attributable to noncontrolling interest39,85715,355239,913125,541
Net loss attributable to noncontrolling interests3,4473,3868,0047,376
Net income (loss), attributable to Steel Dynamics, Inc.43,30418,741247,917132,917
Parent
    
Condensed Consolidating Financial Statements    
Net sales932,793707,0092,798,0972,160,162
Costs of goods sold809,684628,7852,293,6611,844,035
Gross profit (loss)123,10978,224504,436316,127
Selling, general and administrative37,67821,294109,87074,675
Operating income (loss)85,43156,930394,566241,452
Interest expense, net of capitalized interest26,16326,19777,98473,082
Other (income) expense, net(3,232)(3,419)(10,115)(10,685)
Income (loss) before income taxes and equity in net income of subsidiaries62,50034,152326,697179,055
Income taxes (benefit)19,52417,246103,26469,098
Net income (loss), including portion attributable to noncontrolling interest42,97616,906223,433109,957
Equity in net income of subsidiaries3281,83524,48422,960
Net income (loss), attributable to Steel Dynamics, Inc.43,30418,741247,917132,917
Guarantors
    
Condensed Consolidating Financial Statements    
Net sales2,309,2391,784,2996,955,7445,348,572
Costs of goods sold2,194,6871,696,6876,599,2915,060,220
Gross profit (loss)114,55287,612356,453288,352
Selling, general and administrative53,75549,906163,742150,432
Operating income (loss)60,79737,706192,711137,920
Interest expense, net of capitalized interest18,23717,30253,76350,160
Other (income) expense, net(1,895)(5,619)(7,659)(10,526)
Income (loss) before income taxes and equity in net income of subsidiaries44,45526,023146,60798,286
Income taxes (benefit)16,0239,74354,69536,781
Net income (loss), including portion attributable to noncontrolling interest28,43216,28091,91261,505
Net income (loss), attributable to Steel Dynamics, Inc.28,43216,28091,91261,505
Combined Non-Guarantors
    
Condensed Consolidating Financial Statements    
Net sales45,40725,347143,87292,116
Costs of goods sold60,67339,466184,424123,213
Gross profit (loss)(15,266)(14,119)(40,552)(31,097)
Selling, general and administrative2,4752,0006,5456,594
Operating income (loss)(17,741)(16,119)(47,097)(37,691)
Interest expense, net of capitalized interest2,3433,4947,0709,029
Other (income) expense, net(437)37(2,123)575
Income (loss) before income taxes and equity in net income of subsidiaries(19,647)(19,650)(52,044)(47,295)
Income taxes (benefit)(247)(7,587)(260)(17,935)
Net income (loss), including portion attributable to noncontrolling interest(19,400)(12,063)(51,784)(29,360)
Net loss attributable to noncontrolling interests3,4473,3868,0047,376
Net income (loss), attributable to Steel Dynamics, Inc.(15,953)(8,677)(43,780)(21,984)
Consolidating Adjustments
    
Condensed Consolidating Financial Statements    
Net sales(1,243,984)(932,491)(3,758,558)(2,828,097)
Costs of goods sold(1,220,832)(920,306)(3,709,604)(2,796,713)
Gross profit (loss)(23,152)(12,185)(48,954)(31,384)
Selling, general and administrative(3,450)(2,668)(11,104)(7,635)
Operating income (loss)(19,702)(9,517)(37,850)(23,749)
Interest expense, net of capitalized interest(2,041)(2,707)(5,957)(7,022)
Other (income) expense, net2,0412,7866,0627,819
Income (loss) before income taxes and equity in net income of subsidiaries(19,702)(9,596)(37,955)(24,546)
Income taxes (benefit)(7,551)(3,828)(14,307)(7,985)
Net income (loss), including portion attributable to noncontrolling interest(12,151)(5,768)(23,648)(16,561)
Equity in net income of subsidiaries(328)(1,835)(24,484)(22,960)
Net income (loss), attributable to Steel Dynamics, Inc.$ (12,479)$ (7,603)$ (48,132)$ (39,521)