
Steel Dynamics Inc
NASDAQ:STLD

Income Statement
Earnings Waterfall
Steel Dynamics Inc
Revenue
|
17.5B
USD
|
Cost of Revenue
|
-14.7B
USD
|
Gross Profit
|
2.8B
USD
|
Operating Expenses
|
-859.5m
USD
|
Operating Income
|
1.9B
USD
|
Other Expenses
|
-405.9m
USD
|
Net Income
|
1.5B
USD
|
Income Statement
Steel Dynamics Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
8 756
N/A
|
8 973
+2%
|
8 909
-1%
|
8 520
-4%
|
7 594
-11%
|
7 288
-4%
|
7 307
+0%
|
7 458
+2%
|
7 777
+4%
|
8 404
+8%
|
8 771
+4%
|
9 113
+4%
|
9 539
+5%
|
9 775
+2%
|
10 474
+7%
|
11 254
+7%
|
11 822
+5%
|
12 035
+2%
|
11 715
-3%
|
11 019
-6%
|
10 465
-5%
|
10 223
-2%
|
9 546
-7%
|
9 350
-2%
|
9 601
+3%
|
10 571
+10%
|
12 942
+22%
|
15 699
+21%
|
18 409
+17%
|
20 434
+11%
|
22 182
+9%
|
22 745
+3%
|
22 261
-2%
|
21 584
-3%
|
20 453
-5%
|
19 388
-5%
|
18 795
-3%
|
18 596
-1%
|
18 147
-2%
|
17 902
-1%
|
17 540
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(7 790)
|
(7 983)
|
(7 970)
|
(7 641)
|
(6 863)
|
(6 508)
|
(6 318)
|
(6 288)
|
(6 442)
|
(6 833)
|
(7 188)
|
(7 542)
|
(7 957)
|
(8 201)
|
(8 642)
|
(9 132)
|
(9 499)
|
(9 743)
|
(9 653)
|
(9 283)
|
(8 934)
|
(8 710)
|
(8 171)
|
(8 042)
|
(8 167)
|
(8 751)
|
(10 207)
|
(11 657)
|
(13 046)
|
(14 090)
|
(15 153)
|
(15 853)
|
(16 143)
|
(16 193)
|
(15 638)
|
(15 086)
|
(14 749)
|
(14 626)
|
(14 709)
|
(14 810)
|
(14 738)
|
|
Gross Profit |
966
N/A
|
990
+2%
|
939
-5%
|
879
-6%
|
732
-17%
|
781
+7%
|
989
+27%
|
1 169
+18%
|
1 335
+14%
|
1 571
+18%
|
1 583
+1%
|
1 571
-1%
|
1 582
+1%
|
1 573
-1%
|
1 833
+17%
|
2 122
+16%
|
2 323
+9%
|
2 293
-1%
|
2 062
-10%
|
1 736
-16%
|
1 531
-12%
|
1 513
-1%
|
1 376
-9%
|
1 309
-5%
|
1 435
+10%
|
1 820
+27%
|
2 735
+50%
|
4 043
+48%
|
5 362
+33%
|
6 345
+18%
|
7 028
+11%
|
6 892
-2%
|
6 118
-11%
|
5 391
-12%
|
4 815
-11%
|
4 303
-11%
|
4 046
-6%
|
3 971
-2%
|
3 439
-13%
|
3 092
-10%
|
2 803
-9%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(386)
|
(651)
|
(654)
|
(652)
|
(375)
|
(821)
|
(851)
|
(878)
|
(474)
|
(641)
|
(643)
|
(644)
|
(515)
|
(518)
|
(541)
|
(570)
|
(600)
|
(602)
|
(588)
|
(565)
|
(544)
|
(544)
|
(533)
|
(539)
|
(568)
|
(652)
|
(771)
|
(912)
|
(1 062)
|
(1 143)
|
(1 164)
|
(1 130)
|
(1 026)
|
(959)
|
(937)
|
(911)
|
(895)
|
(904)
|
(876)
|
(868)
|
(860)
|
|
Selling, General & Administrative |
(358)
|
(364)
|
(368)
|
(366)
|
(351)
|
(367)
|
(396)
|
(422)
|
(445)
|
(479)
|
(481)
|
(482)
|
(486)
|
(489)
|
(513)
|
(542)
|
(573)
|
(574)
|
(560)
|
(537)
|
(515)
|
(514)
|
(504)
|
(508)
|
(539)
|
(603)
|
(722)
|
(863)
|
(1 032)
|
(1 114)
|
(1 136)
|
(1 102)
|
(998)
|
(932)
|
(906)
|
(878)
|
(861)
|
(869)
|
(845)
|
(837)
|
(829)
|
|
Depreciation & Amortization |
(28)
|
(27)
|
(27)
|
(26)
|
(25)
|
(26)
|
(27)
|
(28)
|
(29)
|
(29)
|
(29)
|
(30)
|
(29)
|
(29)
|
(28)
|
(27)
|
(28)
|
(28)
|
(28)
|
(28)
|
(30)
|
(30)
|
(30)
|
(30)
|
(29)
|
(29)
|
(29)
|
(30)
|
(29)
|
(29)
|
(29)
|
(28)
|
(28)
|
(28)
|
(31)
|
(33)
|
(34)
|
(35)
|
(32)
|
(31)
|
(31)
|
|
Other Operating Expenses |
0
|
(260)
|
(260)
|
(260)
|
0
|
(428)
|
(428)
|
(429)
|
0
|
(133)
|
(133)
|
(133)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(20)
|
(20)
|
(20)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
580
N/A
|
339
-42%
|
285
-16%
|
227
-20%
|
356
+57%
|
(41)
N/A
|
138
N/A
|
291
+111%
|
861
+196%
|
931
+8%
|
940
+1%
|
927
-1%
|
1 067
+15%
|
1 056
-1%
|
1 292
+22%
|
1 553
+20%
|
1 722
+11%
|
1 691
-2%
|
1 474
-13%
|
1 170
-21%
|
987
-16%
|
969
-2%
|
843
-13%
|
771
-9%
|
866
+12%
|
1 168
+35%
|
1 965
+68%
|
3 131
+59%
|
4 301
+37%
|
5 202
+21%
|
5 864
+13%
|
5 762
-2%
|
5 092
-12%
|
4 432
-13%
|
3 878
-13%
|
3 392
-13%
|
3 151
-7%
|
3 067
-3%
|
2 562
-16%
|
2 224
-13%
|
1 943
-13%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(137)
|
(150)
|
(157)
|
(162)
|
(154)
|
(148)
|
(147)
|
(146)
|
(146)
|
(143)
|
(140)
|
(138)
|
(134)
|
(132)
|
(130)
|
(127)
|
(127)
|
(126)
|
(127)
|
(126)
|
(127)
|
(124)
|
(119)
|
(107)
|
(95)
|
(84)
|
(71)
|
(65)
|
(57)
|
(57)
|
(67)
|
(80)
|
(92)
|
(97)
|
(93)
|
(86)
|
(76)
|
(66)
|
(58)
|
(57)
|
(56)
|
|
Non-Reccuring Items |
(260)
|
0
|
0
|
0
|
(429)
|
0
|
0
|
0
|
(133)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(19)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(18)
|
(35)
|
(36)
|
(14)
|
(15)
|
3
|
3
|
(1)
|
(18)
|
(16)
|
(14)
|
(12)
|
3
|
4
|
5
|
14
|
24
|
26
|
25
|
22
|
16
|
12
|
(21)
|
(29)
|
(47)
|
(59)
|
(41)
|
(45)
|
(35)
|
(45)
|
(31)
|
(10)
|
21
|
76
|
104
|
129
|
144
|
136
|
123
|
114
|
96
|
|
Pre-Tax Income |
165
N/A
|
154
-6%
|
92
-40%
|
51
-44%
|
(242)
N/A
|
(186)
+23%
|
(6)
+97%
|
143
N/A
|
564
+293%
|
772
+37%
|
786
+2%
|
777
-1%
|
935
+20%
|
927
-1%
|
1 167
+26%
|
1 440
+23%
|
1 620
+13%
|
1 591
-2%
|
1 373
-14%
|
1 067
-22%
|
875
-18%
|
857
-2%
|
703
-18%
|
635
-10%
|
705
+11%
|
1 024
+45%
|
1 852
+81%
|
3 021
+63%
|
4 209
+39%
|
5 100
+21%
|
5 766
+13%
|
5 671
-2%
|
5 021
-11%
|
4 411
-12%
|
3 889
-12%
|
3 435
-12%
|
3 219
-6%
|
3 137
-3%
|
2 628
-16%
|
2 281
-13%
|
1 983
-13%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(73)
|
(69)
|
(48)
|
(36)
|
97
|
75
|
11
|
(44)
|
(204)
|
(274)
|
(276)
|
(270)
|
(308)
|
(273)
|
(304)
|
(329)
|
(364)
|
(356)
|
(303)
|
(242)
|
(197)
|
(193)
|
(157)
|
(137)
|
(135)
|
(205)
|
(400)
|
(673)
|
(962)
|
(1 185)
|
(1 348)
|
(1 335)
|
(1 142)
|
(995)
|
(871)
|
(756)
|
(752)
|
(726)
|
(602)
|
(514)
|
(433)
|
|
Income from Continuing Operations |
92
|
85
|
44
|
15
|
(145)
|
(111)
|
4
|
100
|
360
|
497
|
510
|
506
|
627
|
654
|
864
|
1 111
|
1 256
|
1 235
|
1 069
|
824
|
678
|
664
|
546
|
498
|
571
|
819
|
1 452
|
2 348
|
3 247
|
3 916
|
4 418
|
4 336
|
3 879
|
3 417
|
3 018
|
2 679
|
2 467
|
2 411
|
2 026
|
1 767
|
1 550
|
|
Income to Minority Interest |
65
|
64
|
65
|
63
|
15
|
13
|
8
|
9
|
22
|
23
|
22
|
22
|
7
|
7
|
6
|
4
|
3
|
0
|
(2)
|
(4)
|
(7)
|
(10)
|
(11)
|
(13)
|
(20)
|
(25)
|
(31)
|
(37)
|
(33)
|
(28)
|
(23)
|
(18)
|
(17)
|
(20)
|
(19)
|
(18)
|
(16)
|
(13)
|
(13)
|
(13)
|
(13)
|
|
Net Income (Common) |
157
N/A
|
149
-5%
|
109
-27%
|
78
-28%
|
(130)
N/A
|
(98)
+24%
|
12
N/A
|
109
+800%
|
382
+251%
|
520
+36%
|
532
+2%
|
528
-1%
|
813
+54%
|
840
+3%
|
1 048
+25%
|
1 293
+23%
|
1 258
-3%
|
1 235
-2%
|
1 067
-14%
|
820
-23%
|
671
-18%
|
654
-3%
|
535
-18%
|
484
-10%
|
551
+14%
|
794
+44%
|
1 421
+79%
|
2 311
+63%
|
3 214
+39%
|
3 888
+21%
|
4 395
+13%
|
4 318
-2%
|
3 863
-11%
|
3 396
-12%
|
2 999
-12%
|
2 662
-11%
|
2 451
-8%
|
2 398
-2%
|
2 014
-16%
|
1 754
-13%
|
1 537
-12%
|
|
EPS (Diluted) |
0.67
N/A
|
0.63
-6%
|
0.45
-29%
|
0.32
-29%
|
-0.54
N/A
|
-0.4
+26%
|
0.05
N/A
|
0.45
+800%
|
1.56
+247%
|
2.13
+37%
|
2.18
+2%
|
2.19
+0%
|
3.35
+53%
|
3.53
+5%
|
4.42
+25%
|
5.48
+24%
|
5.35
-2%
|
5.48
+2%
|
4.79
-13%
|
3.74
-22%
|
3.04
-19%
|
3.05
+0%
|
2.53
-17%
|
2.27
-10%
|
2.59
+14%
|
3.75
+45%
|
6.71
+79%
|
11.31
+69%
|
15.52
+37%
|
20.12
+30%
|
23.41
+16%
|
23.77
+2%
|
20.88
-12%
|
19.68
-6%
|
17.75
-10%
|
16.02
-10%
|
14.64
-9%
|
15.04
+3%
|
12.77
-15%
|
11.33
-11%
|
9.84
-13%
|