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v3.23.1

Changes in Equity | 3 Months Ended
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Mar. 31, 2023
Changes in Equity |
Changes in Equity | Note 4. Changes in Equity The following tables provide a reconciliation of the beginning and ending carrying amounts of total equity, equity attributable to stockholders of Steel Dynamics, Inc., and equity and redeemable amounts attributable to noncontrolling interests (in thousands) for each of the three-month periods ended March 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Stockholders of Steel Dynamics, Inc. | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Additional | ​ | ​ | ​ | Other | ​ | ​ | ​ | ​ | ​ | Redeemable
​ | ​ | Common | ​ | Treasury | ​ | Paid-In | ​ | Retained | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total | ​ | Noncontrolling
​ | ​ | Stock | ​ | Stock | ​ | Capital | ​ | Earnings | ​ | Income | ​ | Interests | ​ | Equity | ​ | Interests
Balances at December 31, 2022 | ​ | $ | 650 | ​ | $ | (4,459,513) | ​ | $ | 1,212,566 | ​ | $ | 11,375,765 | ​ | $ | 889 | ​ | $ | (216,055) | ​ | $ | 7,914,302 | ​ | $ | 181,503
Dividends declared | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (72,316) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (72,316) | ​ | ​ | -
Noncontrolling investors, net | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (7,387) | ​ | ​ | (7,387) | ​ | ​ | 4,702
Share repurchases | ​ | ​ | - | ​ | ​ | (353,997) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (353,997) | ​ | ​ | -
Equity-based compensation | ​ | ​ | - | ​ | ​ | 12,997 | ​ | ​ | (18,487) | ​ | ​ | (138) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (5,628) | ​ | ​ | -
Net income | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 637,310 | ​ | ​ | - | ​ | ​ | 7,023 | ​ | ​ | 644,333 | ​ | ​ | -
Other comprehensive income, net of tax | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 911 | ​ | ​ | - | ​ | ​ | 911 | ​ | ​ | -
Balances at March 31, 2023 | ​ | $ | 650 | ​ | $ | (4,800,513) | ​ | $ | 1,194,079 | ​ | $ | 11,940,621 | ​ | $ | 1,800 | ​ | $ | (216,419) | ​ | $ | 8,120,218 | ​ | $ | 186,205
​ Note 4. Changes in Equity (Continued) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Stockholders of Steel Dynamics, Inc. | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Additional | ​ | ​ | ​ | Other | ​ | ​ | ​ | ​ | ​ | Redeemable
​ | ​ | Common | ​ | Treasury | ​ | Paid-In | ​ | Retained | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total | ​ | Noncontrolling
​ | ​ | Stock | ​ | Stock | ​ | Capital | ​ | Earnings | ​ | Income (Loss) | ​ | Interests | ​ | Equity | ​ | Interests
Balances at December 31, 2021 | ​ | $ | 649 | ​ | $ | (2,674,267) | ​ | $ | 1,218,933 | ​ | $ | 7,761,417 | ​ | $ | (2,091) | ​ | $ | (195,884) | ​ | $ | 6,108,757 | ​ | $ | 211,414
Dividends declared | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (64,344) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (64,344) | ​ | ​ | -
Noncontrolling investors, net | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (21,633) | ​ | ​ | (21,633) | ​ | ​ | 16,500
Share repurchases | ​ | ​ | - | ​ | ​ | (389,190) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (389,190) | ​ | ​ | -
Equity-based compensation | ​ | ​ | - | ​ | ​ | 12,960 | ​ | ​ | (14,910) | ​ | ​ | (121) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (2,071) | ​ | ​ | -
Net income | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,103,931 | ​ | ​ | - | ​ | ​ | 3,423 | ​ | ​ | 1,107,354 | ​ | ​ | -
Other comprehensive income, net of tax | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 11,387 | ​ | ​ | - | ​ | ​ | 11,387 | ​ | ​ | -
Balances at March 31, 2022 | ​ | $ | 649 | ​ | $ | (3,050,497) | ​ | $ | 1,204,023 | ​ | $ | 8,800,883 | ​ | $ | 9,296 | ​ | $ | (214,094) | ​ | $ | 6,750,260 | ​ | $ | 227,914
​ ​

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