Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Information

Schedule of operating segment results

The company’s segment results, including disaggregated revenue by segment to external, external non-United States, and other segment customers, are as follows (in thousands):

			Metals		Steel
For the three-month period ended	Steel		Recycling		Fabrication
March 31, 2022	Operations		Operations		Operations		Other			Eliminations			Consolidated
Net sales - disaggregated revenue
External	$	3,573,202	$	448,043	$	929,842	$	297,121		$	-		$	5,248,208
External Non-U.S.		189,294		131,582		139		679			-			321,694
Other segments		169,157		563,592		119		658			(733,526)			-
		3,931,653		1,143,217		930,100		298,458			(733,526)			5,569,902
Operating income (loss)		1,163,010		44,960		466,875		(174,535)	(1)		(5,443)			1,494,867
Income (loss) before income taxes		1,152,216		45,730		465,199		(199,629)			(5,786)			1,457,730
Depreciation and amortization		66,682		13,254		2,430		5,180			-			87,546
Capital expenditures		136,190		11,557		3,690		7,893			-			159,330
As of March 31, 2022
Assets	$	8,841,330	$	1,365,134	$	1,457,882	$	1,540,817	(2)	$	(148,526)	(3)	$	13,056,637

Footnotes related to the three-month period ended March 31, 2022, segment results (in millions):
(1)	Corporate SG&A	$	(19.6)	(2)	Cash and equivalents	$	1,014.4
	Companywide equity-based compensation		(15.9)		Accounts receivable		42.7
	Company profit sharing component		(125.6)		Inventories		78.4
	Other, net		(13.4)		Property, plant and equipment, net		132.1
		$	(174.5)		Intra-company debt		22.7
					Other		250.5
						$	1,540.8
(3)	Elimination of intra-company receivables	$	(47.5)
	Elimination of intra-company debt		(22.7)
	Other		(78.3)
		$	(148.5)

			Metals		Steel
For the three-month period ended	Steel		Recycling		Fabrication
March 31, 2021	Operations		Operations		Operations		Other			Eliminations		Consolidated
Net sales - disaggregated revenue
External	$	2,400,916	$	363,878	$	256,962	$	304,251		$	-	$	3,326,007
External Non-U.S.		109,768		106,129		22		2,671			-		218,590
Other segments		132,163		609,905		2,036		559			(744,663)		-
		2,642,847		1,079,912		259,020		307,481			(744,663)		3,544,597
Operating income (loss)		637,411		50,563		9,854		(90,913)	(1)		(12,716)		594,199
Income (loss) before income taxes		626,059		49,339		9,064		(104,599)			(13,004)		566,859
Depreciation and amortization		66,178		13,870		2,675		4,196			-		86,919
Capital expenditures		282,598		23,918		2,621		726			-		309,863

Footnotes related to the three-month period ended March 31, 2021, segment results (in millions):
(1)	Corporate SG&A	$	(18.0)
	Companywide equity-based compensation		(23.0)
	Company profit sharing component		(48.1)
	Other, net		(1.8)
		$	(90.9)