Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023	Operations		Operations		Operations		Other			Eliminations			Consolidated
Net sales - disaggregated revenue
External	$	2,847,186	$	382,803	$	868,702	$	352,329		$	-		$	4,451,020
External Non-U.S.		213,635		200,665		66		27,820			-			442,186
Other segments		124,810		578,459		36		-			(703,305)			-
		3,185,631		1,161,927		868,804		380,149			(703,305)			4,893,206
Operating income (loss)		341,760		39,688		551,272		(98,940)	(1)		1,580			835,360
Income (loss) before income taxes		342,500		45,549		551,412		(92,896)			1,224			847,789
Depreciation and amortization		83,476		14,365		2,331		7,522			-			107,694
Capital expenditures		120,539		19,697		4,496		81,587			-			226,319
As of March 31, 2023
Assets	$	8,615,026	$	1,416,914	$	1,180,335	$	3,157,475	(2)	$	(149,990)	(3)	$	14,219,760

Footnotes related to the three-month period ended March 31, 2023, segment results (in millions):
(1)	Corporate SG&A	$	(23.6)	(2)	Cash and equivalents	$	1,462.7
	Companywide equity-based compensation		(13.6)		Short-term investments		714.8
	Company profit sharing component		(68.9)		Accounts receivable		40.9
	Other, net		7.2		Inventories		133.0
		$	(98.9)		Property, plant and equipment, net		450.8
					Intra-company debt		38.0
					Investments in unconsolidated affiliates		234.3
					Other		83.0
						$	3,157.5
(3)	Elimination of intra-company receivables	$	(93.4)
	Elimination of intra-company debt		(38.0)
	Other		(18.6)
		$	(150.0)

			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

Footnotes related to the three-month period ended March 31, 2022, segment results (in millions):
(1)	Corporate SG&A	$	(19.6)
	Companywide equity-based compensation		(15.9)
	Company profit sharing component		(125.6)
	Other, net		(13.4)
		$	(174.5)