Analysis of Reportable Segments
Steel Dynamics Inc. operates in 3 segments: Steel operations; Metals recycling operations; and Steel fabrication operations.
Segment Profit Margin
Steel Dynamics Inc., profit margin by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Steel operations | 30.86% | 11.17% | 11.70% | 19.12% | 14.14% |
| Metals recycling operations | 3.96% | 1.15% | 0.46% | 2.18% | 2.30% |
| Steel fabrication operations | 20.54% | 12.87% | 11.87% | 6.10% | 9.83% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Steel operations | Steel operations segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Metals recycling operations | Metals recycling operations segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. | |
| Steel fabrication operations | Steel fabrication operations segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment Profit Margin: Steel operations
Steel Dynamics Inc.; Steel operations; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Income (loss) before income taxes | 4,327,300) | 833,035) | 963,514) | 1,770,888) | 1,014,863) |
| Net sales | 14,023,133) | 7,455,637) | 8,234,179) | 9,263,152) | 7,175,409) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 30.86% | 11.17% | 11.70% | 19.12% | 14.14% |
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).
1 2021 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Net sales
= 100 × 4,327,300 ÷ 14,023,133 = 30.86%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Steel operations | Steel operations segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Profit Margin: Metals recycling operations
Steel Dynamics Inc.; Metals recycling operations; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Income (loss) before income taxes | 181,579) | 27,753) | 11,432) | 69,861) | 64,638) |
| Net sales | 4,590,121) | 2,403,140) | 2,494,014) | 3,202,214) | 2,813,004) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 3.96% | 1.15% | 0.46% | 2.18% | 2.30% |
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).
1 2021 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Net sales
= 100 × 181,579 ÷ 4,590,121 = 3.96%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Metals recycling operations | Metals recycling operations segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment Profit Margin: Steel fabrication operations
Steel Dynamics Inc.; Steel fabrication operations; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Income (loss) before income taxes | 362,473) | 116,625) | 114,359) | 56,236) | 81,046) |
| Net sales | 1,764,710) | 906,364) | 963,259) | 921,951) | 824,425) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 20.54% | 12.87% | 11.87% | 6.10% | 9.83% |
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).
1 2021 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Net sales
= 100 × 362,473 ÷ 1,764,710 = 20.54%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Steel fabrication operations | Steel fabrication operations segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment Return on Assets (Segment ROA)
Steel Dynamics Inc., ROA by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Steel operations | 49.82% | 13.25% | 18.63% | 34.38% | 23.84% |
| Metals recycling operations | 14.33% | 2.49% | 1.22% | 7.38% | 6.39% |
| Steel fabrication operations | 30.32% | 30.96% | 29.59% | 13.53% | 21.08% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Steel operations | Steel operations segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Metals recycling operations | Metals recycling operations segment ROA improved from 2019 to 2020 and from 2020 to 2021. | |
| Steel fabrication operations | Steel fabrication operations segment ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Segment ROA: Steel operations
Steel Dynamics Inc.; Steel operations; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Income (loss) before income taxes | 4,327,300) | 833,035) | 963,514) | 1,770,888) | 1,014,863) |
| Assets | 8,686,216) | 6,288,362) | 5,171,026) | 5,150,298) | 4,257,167) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 49.82% | 13.25% | 18.63% | 34.38% | 23.84% |
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).
1 2021 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Assets
= 100 × 4,327,300 ÷ 8,686,216 = 49.82%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Steel operations | Steel operations segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment ROA: Metals recycling operations
Steel Dynamics Inc.; Metals recycling operations; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Income (loss) before income taxes | 181,579) | 27,753) | 11,432) | 69,861) | 64,638) |
| Assets | 1,266,920) | 1,116,051) | 940,250) | 946,689) | 1,011,298) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 14.33% | 2.49% | 1.22% | 7.38% | 6.39% |
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).
1 2021 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Assets
= 100 × 181,579 ÷ 1,266,920 = 14.33%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Metals recycling operations | Metals recycling operations segment ROA improved from 2019 to 2020 and from 2020 to 2021. |
Segment ROA: Steel fabrication operations
Steel Dynamics Inc.; Steel fabrication operations; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Income (loss) before income taxes | 362,473) | 116,625) | 114,359) | 56,236) | 81,046) |
| Assets | 1,195,396) | 376,658) | 386,485) | 415,708) | 384,402) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 30.32% | 30.96% | 29.59% | 13.53% | 21.08% |
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).
1 2021 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Assets
= 100 × 362,473 ÷ 1,195,396 = 30.32%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Steel fabrication operations | Steel fabrication operations segment ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Segment Asset Turnover
Steel Dynamics Inc., asset turnover by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Steel operations | 1.61 | 1.19 | 1.59 | 1.80 | 1.69 |
| Metals recycling operations | 3.62 | 2.15 | 2.65 | 3.38 | 2.78 |
| Steel fabrication operations | 1.48 | 2.41 | 2.49 | 2.22 | 2.14 |
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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Steel operations | Steel operations segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Metals recycling operations | Metals recycling operations segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| Steel fabrication operations | Steel fabrication operations segment asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Segment Asset Turnover: Steel operations
Steel Dynamics Inc.; Steel operations; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 14,023,133) | 7,455,637) | 8,234,179) | 9,263,152) | 7,175,409) |
| Assets | 8,686,216) | 6,288,362) | 5,171,026) | 5,150,298) | 4,257,167) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.61 | 1.19 | 1.59 | 1.80 | 1.69 |
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).
1 2021 Calculation
Segment asset turnover = Net sales ÷ Assets
= 14,023,133 ÷ 8,686,216 = 1.61
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Steel operations | Steel operations segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Asset Turnover: Metals recycling operations
Steel Dynamics Inc.; Metals recycling operations; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 4,590,121) | 2,403,140) | 2,494,014) | 3,202,214) | 2,813,004) |
| Assets | 1,266,920) | 1,116,051) | 940,250) | 946,689) | 1,011,298) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 3.62 | 2.15 | 2.65 | 3.38 | 2.78 |
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).
1 2021 Calculation
Segment asset turnover = Net sales ÷ Assets
= 4,590,121 ÷ 1,266,920 = 3.62
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Metals recycling operations | Metals recycling operations segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Asset Turnover: Steel fabrication operations
Steel Dynamics Inc.; Steel fabrication operations; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 1,764,710) | 906,364) | 963,259) | 921,951) | 824,425) |
| Assets | 1,195,396) | 376,658) | 386,485) | 415,708) | 384,402) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.48 | 2.41 | 2.49 | 2.22 | 2.14 |
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).
1 2021 Calculation
Segment asset turnover = Net sales ÷ Assets
= 1,764,710 ÷ 1,195,396 = 1.48
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Steel fabrication operations | Steel fabrication operations segment asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Segment Capital Expenditures to Depreciation
Steel Dynamics Inc., capital expenditures to depreciation by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Steel operations | 3.56 | 4.50 | 1.53 | 0.76 | 0.57 |
| Metals recycling operations | 0.83 | 0.66 | 1.01 | 0.77 | 0.53 |
| Steel fabrication operations | 1.30 | 1.41 | 1.06 | 0.72 | 0.65 |
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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Steel operations | Steel operations segment capital expenditures to depreciation ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
| Metals recycling operations | Metals recycling operations segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. | |
| Steel fabrication operations | Steel fabrication operations segment capital expenditures to depreciation ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Segment Capital Expenditures to Depreciation: Steel operations
Steel Dynamics Inc.; Steel operations; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 937,011) | 1,132,298) | 385,058) | 189,208) | 128,749) |
| Depreciation and amortization | 263,125) | 251,590) | 251,568) | 248,765) | 227,752) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 3.56 | 4.50 | 1.53 | 0.76 | 0.57 |
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).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 937,011 ÷ 263,125 = 3.56
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Steel operations | Steel operations segment capital expenditures to depreciation ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Segment Capital Expenditures to Depreciation: Metals recycling operations
Steel Dynamics Inc.; Metals recycling operations; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 46,360) | 32,875) | 46,959) | 35,518) | 25,998) |
| Depreciation and amortization | 55,620) | 50,099) | 46,538) | 46,015) | 48,830) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.83 | 0.66 | 1.01 | 0.77 | 0.53 |
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).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 46,360 ÷ 55,620 = 0.83
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Metals recycling operations | Metals recycling operations segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Segment Capital Expenditures to Depreciation: Steel fabrication operations
Steel Dynamics Inc.; Steel fabrication operations; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 12,939) | 15,234) | 12,446) | 8,303) | 7,506) |
| Depreciation and amortization | 9,961) | 10,819) | 11,768) | 11,553) | 11,507) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.30 | 1.41 | 1.06 | 0.72 | 0.65 |
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).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 12,939 ÷ 9,961 = 1.30
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Steel fabrication operations | Steel fabrication operations segment capital expenditures to depreciation ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Net sales
Steel Dynamics Inc., net sales by reportable segment
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Steel operations | 14,023,133) | 7,455,637) | 8,234,179) | 9,263,152) | 7,175,409) |
| Metals recycling operations | 4,590,121) | 2,403,140) | 2,494,014) | 3,202,214) | 2,813,004) |
| Steel fabrication operations | 1,764,710) | 906,364) | 963,259) | 921,951) | 824,425) |
| Other | 1,266,971) | 501,187) | 400,747) | 429,060) | 375,511) |
| Eliminations | (3,236,085) | (1,664,846) | (1,627,208) | (1,994,538) | (1,649,552) |
| Consolidated | 18,408,850) | 9,601,482) | 10,464,991) | 11,821,839) | 9,538,797) |
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 (loss) before income taxes
Steel Dynamics Inc., income (loss) before income taxes by reportable segment
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Steel operations | 4,327,300) | 833,035) | 963,514) | 1,770,888) | 1,014,863) |
| Metals recycling operations | 181,579) | 27,753) | 11,432) | 69,861) | 64,638) |
| Steel fabrication operations | 362,473) | 116,625) | 114,359) | 56,236) | 81,046) |
| Other | (606,021) | (263,470) | (220,188) | (275,137) | (226,001) |
| Eliminations | (56,261) | (8,465) | 6,220) | (2,074) | 689) |
| Consolidated | 4,209,070) | 705,478) | 875,337) | 1,619,774) | 935,235) |
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).
Depreciation and amortization
Steel Dynamics Inc., depreciation and amortization by reportable segment
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Steel operations | 263,125) | 251,590) | 251,568) | 248,765) | 227,752) |
| Metals recycling operations | 55,620) | 50,099) | 46,538) | 46,015) | 48,830) |
| Steel fabrication operations | 9,961) | 10,819) | 11,768) | 11,553) | 11,507) |
| Other | 18,947) | 13,281) | 11,208) | 10,865) | 10,910) |
| Consolidated | 347,653) | 325,789) | 321,082) | 317,198) | 298,999) |
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).
Capital expenditures
Steel Dynamics Inc., capital expenditures by reportable segment
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Steel operations | 937,011) | 1,132,298) | 385,058) | 189,208) | 128,749) |
| Metals recycling operations | 46,360) | 32,875) | 46,959) | 35,518) | 25,998) |
| Steel fabrication operations | 12,939) | 15,234) | 12,446) | 8,303) | 7,506) |
| Other | 9,929) | 17,648) | 7,482) | 6,361) | 2,682) |
| Consolidated | 1,006,239) | 1,198,055) | 451,945) | 239,390) | 164,935) |
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).
Assets
Steel Dynamics Inc., assets by reportable segment
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Steel operations | 8,686,216) | 6,288,362) | 5,171,026) | 5,150,298) | 4,257,167) |
| Metals recycling operations | 1,266,920) | 1,116,051) | 940,250) | 946,689) | 1,011,298) |
| Steel fabrication operations | 1,195,396) | 376,658) | 386,485) | 415,708) | 384,402) |
| Other | 1,523,830) | 1,571,188) | 1,848,711) | 1,283,539) | 1,334,361) |
| Eliminations | (141,128) | (86,697) | (70,707) | (92,671) | (131,496) |
| Consolidated | 12,531,234) | 9,265,562) | 8,275,765) | 7,703,563) | 6,855,732) |
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).