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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Information |
Schedule of operating segment results | The company’s segment results, including disaggregated revenue by segment to external, external non-United States, and other segment customers, are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Metals | ​ | Steel | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the three-month period ended | ​ | Steel | ​ | Recycling | ​ | Fabrication | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2023 | ​ | Operations | ​ | Operations | ​ | Operations | ​ | Other | ​ | Eliminations | ​ | Consolidated
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales - disaggregated revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External | ​ | $ | 2,847,186 | ​ | $ | 382,803 | ​ | $ | 868,702 | ​ | $ | 352,329 | ​ | $ | - | ​ | $ | 4,451,020
External Non-U.S. | ​ | ​ | 213,635 | ​ | ​ | 200,665 | ​ | ​ | 66 | ​ | ​ | 27,820 | ​ | ​ | - | ​ | ​ | 442,186
Other segments | ​ | ​ | 124,810 | ​ | ​ | 578,459 | ​ | ​ | 36 | ​ | ​ | - | ​ | ​ | (703,305) | ​ | ​ | -
​ | ​ | ​ | 3,185,631 | ​ | ​ | 1,161,927 | ​ | ​ | 868,804 | ​ | ​ | 380,149 | ​ | ​ | (703,305) | ​ | ​ | 4,893,206
Operating income (loss) | ​ | ​ | 341,760 | ​ | ​ | 39,688 | ​ | ​ | 551,272 | ​ | ​ | (98,940) | (1) | ​ | 1,580 | ​ | ​ | 835,360
Income (loss) before income taxes | ​ | ​ | 342,500 | ​ | ​ | 45,549 | ​ | ​ | 551,412 | ​ | ​ | (92,896) | ​ | ​ | 1,224 | ​ | ​ | 847,789
Depreciation and amortization | ​ | ​ | 83,476 | ​ | ​ | 14,365 | ​ | ​ | 2,331 | ​ | ​ | 7,522 | ​ | ​ | - | ​ | ​ | 107,694
Capital expenditures | ​ | ​ | 120,539 | ​ | ​ | 19,697 | ​ | ​ | 4,496 | ​ | ​ | 81,587 | ​ | ​ | - | ​ | ​ | 226,319
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of March 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | $ | 8,615,026 | ​ | $ | 1,416,914 | ​ | $ | 1,180,335 | ​ | $ | 3,157,475 | (2) | $ | (149,990) | (3) | $ | 14,219,760
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Footnotes related to the three-month period ended March 31, 2023, segment results (in millions):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(1) | Corporate SG&A | $ | (23.6) | ​ | (2) | Cash and equivalents | $ | 1,462.7
​ | Companywide equity-based compensation | ​ | (13.6) | ​ | ​ | Short-term investments | ​ | 714.8
​ | Company profit sharing component | ​ | (68.9) | ​ | ​ | Accounts receivable | ​ | 40.9
​ | Other, net | ​ | 7.2 | ​ | ​ | Inventories | ​ | 133.0
​ | ​ | $ | (98.9) | ​ | ​ | Property, plant and equipment, net | ​ | 450.8
​ | ​ | ​ | ​ | ​ | ​ | Intra-company debt | ​ | 38.0
​ | ​ | ​ | ​ | ​ | ​ | Investments in unconsolidated affiliates | ​ | 234.3
​ | ​ | ​ | ​ | ​ | ​ | Other | ​ | 83.0
​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 3,157.5
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(3) | Elimination of intra-company receivables | $ | (93.4) | ​ | ​ | ​ | ​ | ​
​ | Elimination of intra-company debt | ​ | (38.0) | ​ | ​ | ​ | ​ | ​
​ | Other | ​ | (18.6) | ​ | ​ | ​ | ​ | ​
​ | ​ | $ | (150.0) | ​ | ​ | ​ | ​ | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Metals | ​ | Steel | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the three-month period ended | ​ | Steel | ​ | Recycling | ​ | Fabrication | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2022 | ​ | Operations | ​ | Operations | ​ | Operations | ​ | Other | ​ | Eliminations | ​ | Consolidated
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales - disaggregated revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External | ​ | $ | 3,573,202 | ​ | $ | 448,043 | ​ | $ | 929,842 | ​ | $ | 297,121 | ​ | $ | - | ​ | $ | 5,248,208
External Non-U.S. | ​ | ​ | 189,294 | ​ | ​ | 131,582 | ​ | ​ | 139 | ​ | ​ | 679 | ​ | ​ | - | ​ | ​ | 321,694
Other segments | ​ | ​ | 169,157 | ​ | ​ | 563,592 | ​ | ​ | 119 | ​ | ​ | 658 | ​ | ​ | (733,526) | ​ | ​ | -
​ | ​ | ​ | 3,931,653 | ​ | ​ | 1,143,217 | ​ | ​ | 930,100 | ​ | ​ | 298,458 | ​ | ​ | (733,526) | ​ | ​ | 5,569,902
Operating income (loss) | ​ | ​ | 1,163,010 | ​ | ​ | 44,960 | ​ | ​ | 466,875 | ​ | ​ | (174,535) | (1) | ​ | (5,443) | ​ | ​ | 1,494,867
Income (loss) before income taxes | ​ | ​ | 1,152,216 | ​ | ​ | 45,730 | ​ | ​ | 465,199 | ​ | ​ | (199,629) | ​ | ​ | (5,786) | ​ | ​ | 1,457,730
Depreciation and amortization | ​ | ​ | 66,682 | ​ | ​ | 13,254 | ​ | ​ | 2,430 | ​ | ​ | 5,180 | ​ | ​ | - | ​ | ​ | 87,546
Capital expenditures | ​ | ​ | 136,190 | ​ | ​ | 11,557 | ​ | ​ | 3,690 | ​ | ​ | 7,893 | ​ | ​ | - | ​ | ​ | 159,330
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Footnotes related to the three-month period ended March 31, 2022, segment results (in millions):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(1) | Corporate SG&A | $ | (19.6) | ​ | ​ | ​ | ​ | ​
​ | Companywide equity-based compensation | ​ | (15.9) | ​ | ​ | ​ | ​ | ​
​ | Company profit sharing component | ​ | (125.6) | ​ | ​ | ​ | ​ | ​
​ | Other, net | ​ | (13.4) | ​ | ​ | ​ | ​ | ​
​ | ​ | $ | (174.5) | ​ | ​ | ​ | ​ | ​

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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