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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net sales      
Unrelated parties $ 21,469,251 $ 18,376,743 $ 9,587,691
Related parties 791,523 32,107 13,791
Total net sales 22,260,774 18,408,850 9,601,482
Costs of goods sold 16,142,943 13,046,426 8,166,754
Gross profit 6,117,831 5,362,424 1,434,728
Selling, general and administrative expenses 545,621 643,976 477,450
Profit sharing 452,551 388,111 61,728
Amortization of intangible assets 27,837 29,232 28,999
Asset impairment charges     19,409
Operating income 5,091,822 4,301,105 847,142
Interest expense, net of capitalized interest 91,538 57,209 94,877
Other (income) expense, net (20,785) 34,826 46,787
Income before income taxes 5,021,069 4,209,070 705,478
Income tax expense 1,141,577 962,256 134,650
Net income 3,879,492 3,246,814 570,828
Net income attributable to noncontrolling interests (16,818) (32,748) (20,006)
Net income attributable to Steel Dynamics, Inc. $ 3,862,674 $ 3,214,066 $ 550,822
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) $ 21.06 $ 15.67 $ 2.61
Weighted average common shares outstanding (in shares) 183,393 205,115 211,140
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 20.92 $ 15.56 $ 2.59
Weighted average common shares and share equivalents outstanding (in shares) 184,622 206,615 212,345
Dividends declared per share (in dollars per share) $ 1.36 $ 1.04 $ 1.00