Changes in Equity

9 Months Ended

Sep. 30, 2024

Changes in Equity

Changes in Equity

Note 5. Changes in Equity

The following tables provide a reconciliation of the beginning and ending carrying amounts of total equity, equity attributable to stockholders of Steel Dynamics, Inc., and equity and redeemable amounts attributable to noncontrolling interests for each of the three and nine-month periods ended September 30, 2024 and 2023 (in thousands).

	Stockholders of Steel Dynamics, Inc.
									Accumulated
					Additional				Other						Redeemable
	Common		Treasury		Paid-In		Retained		Comprehensive		Noncontrolling		Total		Noncontrolling
	Stock		Stock		Capital		Earnings		Income (Loss)		Interests		Equity		Interests
Balances at December 31, 2023	$	651	$	(5,897,606)	$	1,217,610	$	13,545,590	$	421	$	(198,351)	$	8,668,315	$	171,212
Dividends declared		-		-		-		(72,624)		-		-		(72,624)		-
Noncontrolling investors, net		-		-		-		-		-		(969)		(969)		-
Share repurchases		-		(298,059)		-		-		-		-		(298,059)		-
Equity-based compensation		-		13,391		(20,434)		(139)		-		-		(7,182)		-
Net income		-		-		-		584,041		-		3,459		587,500		-
Other comprehensive loss, net of tax		-		-		-		-		(434)		-		(434)		-
Balances at March 31, 2024		651		(6,182,274)		1,197,176		14,056,868		(13)		(195,861)		8,876,547		171,212
Dividends declared		-		-		-		(71,584)		-		-		(71,584)		-
Noncontrolling investors, net		-		-		-		-		-		10,398		10,398		-
Share repurchases		-		(309,064)		-		-		-		-		(309,064)		-
Equity-based compensation		-		1,969		10,595		(134)		-		-		12,430		-
Net income		-		-		-		427,998		-		3,692		431,690		-
Other comprehensive loss, net of tax		-		-		-		-		(1,415)		-		(1,415)		-
Balances at June 30, 2024		651		(6,489,369)		1,207,771		14,413,148		(1,428)		(181,771)		8,949,002		171,212
Dividends declared		-		-		-		(70,400)		-		-		(70,400)		-
Noncontrolling investors, net		-		-		-		-		-		5,265		5,265		-
Share repurchases		-		(309,901)		-		-		-		-		(309,901)		-
Equity-based compensation		-		51		12,318		(124)		-		-		12,245		-
Net income		-		-		-		317,802		-		3,092		320,894		-
Other comprehensive income, net of tax		-		-		-		-		983		-		983		-
Balances at September 30, 2024	$	651	$	(6,799,219)	$	1,220,089	$	14,660,426	$	(445)	$	(173,414)	$	8,908,088	$	171,212

Note 5. Changes in Equity (Continued)

	Stockholders of Steel Dynamics, Inc.
									Accumulated
					Additional				Other						Redeemable
	Common		Treasury		Paid-In		Retained		Comprehensive		Noncontrolling		Total		Noncontrolling
	Stock		Stock		Capital		Earnings		Income (Loss)		Interests		Equity		Interests
Balances at December 31, 2022	$	650	$	(4,459,513)	$	1,212,566	$	11,375,765	$	889	$	(216,055)	$	7,914,302	$	181,503
Dividends declared		-		-		-		(72,316)		-		-		(72,316)		-
Noncontrolling investors, net		-		-		-		-		-		(7,387)		(7,387)		4,702
Share repurchases		-		(353,997)		-		-		-		-		(353,997)		-
Equity-based compensation		-		12,997		(18,487)		(138)		-		-		(5,628)		-
Net income		-		-		-		637,310		-		7,023		644,333		-
Other comprehensive income, net of tax		-		-		-		-		911		-		911		-
Balances at March 31, 2023		650		(4,800,513)		1,194,079		11,940,621		1,800		(216,419)		8,120,218		186,205
Dividends declared		-		-		-		(70,694)		-		-		(70,694)		-
Noncontrolling investors, net		-		-		-		-		-		(1,877)		(1,877)		(14,993)
Share repurchases		-		(380,206)		-		-		-		-		(380,206)		-
Equity-based compensation		-		997		10,055		(140)		-		-		10,912		-
Net income		-		-		-		812,107		-		4,070		816,177		-
Other comprehensive loss, net of tax		-		-		-		-		(773)		-		(773)		-
Balances at June 30, 2023		650		(5,179,722)		1,204,134		12,681,894		1,027		(214,226)		8,493,757		171,212
Dividends declared		-		-		-		(69,483)		-		-		(69,483)		-
Noncontrolling investors, net		-		-		-		-		-		5,183		5,183		-
Share repurchases		-		(331,318)		-		-		-		-		(331,318)		-
Equity-based compensation		-		57		10,760		(138)		-		-		10,679		-
Net income		-		-		-		577,195		-		2,587		579,782		-
Other comprehensive loss, net of tax		-		-		-		-		(1,521)		-		(1,521)		-
Balances at September 30, 2023	$	650	$	(5,510,983)	$	1,214,894	$	13,189,468	$	(494)	$	(206,456)	$	8,687,079	$	171,212