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 
Quarterly Data

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 (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Unrelated parties 5,438,747 5,964,503 5,410,801 5,304,086 5,081,476 4,453,556 3,537,625 2,595,959 2,327,224 2,092,964 2,571,544 2,347,003 2,523,279 2,766,364 2,814,486 2,899,584 3,220,891 3,083,822 2,597,312 2,298,130 2,399,116 2,347,304 2,319,663
Related parties 212,960 248,375 159,101 6,571 6,812 11,752 6,972 5,286 3,608 1,341 3,556 3,193 3,566 4,151 2,949 4,308 2,656 6,703 6,563 38,349 44,266 43,416 48,553
Net sales 5,651,707 6,212,878 5,569,902 5,310,657 5,088,288 4,465,308 3,544,597 2,601,245 2,330,832 2,094,305 2,575,100 2,350,196 2,526,845 2,770,515 2,817,435 2,903,892 3,223,547 3,090,525 2,603,875 2,336,479 2,443,382 2,390,720 2,368,216
Costs of goods sold (4,187,278) (4,329,536) (3,787,389) (3,548,820) (3,487,659) (3,265,616) (2,744,331) (2,158,992) (2,038,017) (1,809,874) (2,159,871) (2,033,787) (2,167,006) (2,349,349) (2,383,865) (2,382,657) (2,537,466) (2,438,443) (2,140,459) (2,015,655) (2,046,864) (1,998,202) (1,896,062)
Gross profit 1,464,429 1,883,342 1,782,513 1,761,837 1,600,629 1,199,692 800,266 442,253 292,815 284,431 415,229 316,409 359,839 421,166 433,570 521,235 686,081 652,082 463,416 320,824 396,518 392,518 472,154
Selling, general and administrative expenses (132,627) (118,377) (152,015) (182,290) (157,526) (154,379) (149,781) (137,018) (118,235) (109,299) (112,898) (111,968) (107,242) (106,250) (111,038) (106,564) (102,614) (101,031) (106,431) (96,209) (97,056) (98,433) (102,933)
Profit sharing (105,122) (139,742) (128,469) (143,243) (113,880) (82,140) (48,848) (19,404) (11,778) (9,092) (21,454) (13,633) (17,848) (22,871) (23,677) (41,684) (45,304) (42,335) (26,662) (21,595) (21,175) (21,308) (27,231)
Amortization of intangible assets (6,836) (7,160) (7,162) (7,178) (7,178) (7,438) (7,438) (7,672) (6,946) (7,190) (7,191) (8,847) (6,704) (7,013) (7,013) (7,434) (6,591) (6,829) (6,926) (7,073) (7,272) (7,424) (7,424)
Asset impairment charges (19,409)
Operating income 1,219,844 1,618,063 1,494,867 1,429,126 1,322,045 955,735 594,199 258,750 155,856 158,850 273,686 181,961 228,045 285,032 291,842 365,553 531,572 501,887 323,397 195,947 271,015 265,353 334,566
Interest expense, net of capitalized interest (25,347) (25,667) (16,669) (12,338) (12,704) (14,898) (17,269) (20,206) (18,950) (27,702) (28,019) (32,322) (31,339) (32,321) (31,122) (31,652) (31,560) (31,512) (31,896) (32,380) (34,177) (33,869) (33,973)
Other income (expense), net 13,975 4,021 (20,468) (7,940) (6,776) (10,039) (10,071) (17,727) (3,546) (28,103) 2,589 424 4,545 4,249 6,343 7,384 7,103 5,035 4,463 (2,215) (2,526) 3,835 3,659
Income before income taxes 1,208,472 1,596,417 1,457,730 1,408,848 1,302,565 930,798 566,859 220,817 133,360 103,045 248,256 150,063 201,251 256,960 267,063 341,285 507,115 475,410 295,964 161,352 234,312 235,319 304,252
Income tax expense (289,997) (381,765) (350,376) (313,151) (302,406) (218,595) (128,104) (23,867) (29,083) (24,280) (57,420) (26,344) (48,643) (60,214) (62,236) (71,433) (109,209) (112,838) (70,489) 141,819 (83,300) (82,372) (105,586)
Net income 918,475 1,214,652 1,107,354 1,095,697 1,000,159 712,203 438,755 196,950 104,277 78,765 190,836 123,719 152,608 196,746 204,827 269,852 397,906 362,572 225,475 303,171 151,012 152,947 198,666
Net (income) loss attributable to noncontrolling interests (4,150) (5,098) (3,423) (5,192) (9,396) (9,912) (8,248) (9,107) (4,134) (3,269) (3,496) (2,294) (1,560) (2,444) (499) 152 469 (123) 2,076 1,562 2,246 986 2,151
Net income attributable to Steel Dynamics, Inc. 914,325 1,209,554 1,103,931 1,090,505 990,763 702,291 430,507 187,843 100,143 75,496 187,340 121,425 151,048 194,302 204,328 270,004 398,375 362,449 227,551 304,733 153,258 153,933 200,817

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

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 increased from Q1 2022 to Q2 2022 but then slightly decreased from Q2 2022 to Q3 2022 not reaching Q1 2022 level.
Operating income The net result for the period of deducting operating expenses from operating revenues. Steel Dynamics Inc. operating income increased from Q1 2022 to Q2 2022 but then decreased significantly from Q2 2022 to Q3 2022.
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 increased from Q1 2022 to Q2 2022 but then decreased significantly from Q2 2022 to Q3 2022.
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. increased from Q1 2022 to Q2 2022 but then decreased significantly from Q2 2022 to Q3 2022.