Stock Analysis on Net

Steel Dynamics Inc. (NASDAQ:STLD)

This company has been moved to the archive! The financial data has not been updated since October 26, 2022.

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Steel Dynamics Inc., consolidated income statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Unrelated parties 18,376,743 9,587,691 10,451,132 11,801,609 9,364,213
Related parties 32,107 13,791 13,859 20,230 174,584
Net sales 18,408,850 9,601,482 10,464,991 11,821,839 9,538,797
Costs of goods sold (13,046,426) (8,166,754) (8,934,007) (9,499,025) (7,956,783)
Gross profit 5,362,424 1,434,728 1,530,984 2,322,814 1,582,014
Selling, general and administrative expenses (643,976) (477,450) (436,498) (416,640) (394,631)
Profit sharing (388,111) (61,728) (78,029) (155,985) (91,309)
Amortization of intangible assets (29,232) (28,999) (29,577) (27,780) (29,193)
Asset impairment charges (19,409)
Operating income 4,301,105 847,142 986,880 1,722,409 1,066,881
Interest expense, net of capitalized interest (57,209) (94,877) (127,104) (126,620) (134,399)
Other income (expense), net (34,826) (46,787) 15,561 23,985 2,753
Income before income taxes 4,209,070 705,478 875,337 1,619,774 935,235
Income tax expense (962,256) (134,650) (197,437) (363,969) (129,439)
Net income 3,246,814 570,828 677,900 1,255,805 805,796
Net (income) loss attributable to noncontrolling interests (32,748) (20,006) (6,797) 2,574 6,945
Net income attributable to Steel Dynamics, Inc. 3,214,066 550,822 671,103 1,258,379 812,741

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Steel Dynamics Inc. net sales decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Operating income The net result for the period of deducting operating expenses from operating revenues. Steel Dynamics Inc. operating income decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Steel Dynamics Inc. income before income taxes decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net income attributable to Steel Dynamics, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Steel Dynamics Inc. net income attributable to Steel Dynamics, Inc. decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.