XML 24 R11.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Changes in Equity | 6 Months Ended
--- | ---
Jun. 30, 2024
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 for each of the three and six-month periods ended June 30, 2024 and 2023 (in thousands). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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, 2023 | ​ | $ | 651 | ​ | $ | (5,897,606) | ​ | $ | 1,217,610 | ​ | $ | 13,545,590 | ​ | $ | 421 | ​ | $ | (198,351) | ​ | $ | 8,668,315 | ​ | $ | 171,212
Dividends declared | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (72,624) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (72,624) | ​ | ​ | -
Noncontrolling investors, net | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (969) | ​ | ​ | (969) | ​ | ​ | -
Share repurchases | ​ | ​ | - | ​ | ​ | (298,059) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (298,059) | ​ | ​ | -
Equity-based compensation | ​ | ​ | - | ​ | ​ | 13,391 | ​ | ​ | (20,434) | ​ | ​ | (139) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (7,182) | ​ | ​ | -
Net income | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 584,041 | ​ | ​ | - | ​ | ​ | 3,459 | ​ | ​ | 587,500 | ​ | ​ | -
Other comprehensive loss, net of tax | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (434) | ​ | ​ | - | ​ | ​ | (434) | ​ | ​ | -
Balances at March 31, 2024 | ​ | ​ | 651 | ​ | ​ | (6,182,274) | ​ | ​ | 1,197,176 | ​ | ​ | 14,056,868 | ​ | ​ | (13) | ​ | ​ | (195,861) | ​ | ​ | 8,876,547 | ​ | ​ | 171,212
Dividends declared | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (71,584) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (71,584) | ​ | ​ | -
Noncontrolling investors, net | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 10,398 | ​ | ​ | 10,398 | ​ | ​ | -
Share repurchases | ​ | ​ | - | ​ | ​ | (309,064) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (309,064) | ​ | ​ | -
Equity-based compensation | ​ | ​ | - | ​ | ​ | 1,969 | ​ | ​ | 10,595 | ​ | ​ | (134) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 12,430 | ​ | ​ | -
Net income | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 427,998 | ​ | ​ | - | ​ | ​ | 3,692 | ​ | ​ | 431,690 | ​ | ​ | -
Other comprehensive loss, net of tax | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (1,415) | ​ | ​ | - | ​ | ​ | (1,415) | ​ | ​ | -
Balances at June 30, 2024 | ​ | $ | 651 | ​ | $ | (6,489,369) | ​ | $ | 1,207,771 | ​ | $ | 14,413,148 | ​ | $ | (1,428) | ​ | $ | (181,771) | ​ | $ | 8,949,002 | ​ | $ | 171,212
​ ​ ​ ​ ​ ​ ​ 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, 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
Dividends declared | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (70,694) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (70,694) | ​ | ​ | -
Noncontrolling investors, net | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (1,877) | ​ | ​ | (1,877) | ​ | ​ | (14,993)
Share repurchases | ​ | ​ | - | ​ | ​ | (380,206) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (380,206) | ​ | ​ | -
Equity-based compensation | ​ | ​ | - | ​ | ​ | 997 | ​ | ​ | 10,055 | ​ | ​ | (140) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 10,912 | ​ | ​ | -
Net income | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 812,107 | ​ | ​ | - | ​ | ​ | 4,070 | ​ | ​ | 816,177 | ​ | ​ | -
Other comprehensive loss, net of tax | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (773) | ​ | ​ | - | ​ | ​ | (773) | ​ | ​ | -
Balances at June 30, 2023 | ​ | $ | 650 | ​ | $ | (5,179,722) | ​ | $ | 1,204,134 | ​ | $ | 12,681,894 | ​ | $ | 1,027 | ​ | $ | (214,226) | ​ | $ | 8,493,757 | ​ | $ | 171,212
​

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-6 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration