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Changes in Equity | 3 Months Ended
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Mar. 31, 2025
Changes in Equity |
Changes in Equity | ​ Note 5. 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-month periods ended March 31, 2025 and 2024 (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, 2024 | ​ | $ | 652 | ​ | $ | (7,094,266) | ​ | $ | 1,229,819 | ​ | $ | 14,798,082 | ​ | $ | - | ​ | $ | (160,253) | ​ | $ | 8,774,034 | ​ | $ | 171,212
Dividends declared | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (74,690) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (74,690) | ​ | ​ | -
Noncontrolling investors, net | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (2,303) | ​ | ​ | (2,303) | ​ | ​ | -
Share repurchases | ​ | ​ | - | ​ | ​ | (250,138) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (250,138) | ​ | ​ | -
Equity-based compensation | ​ | ​ | - | ​ | ​ | 9,809 | ​ | ​ | (11,584) | ​ | ​ | (125) | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (1,900) | ​ | ​ | -
Net income | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 217,151 | ​ | ​ | - | ​ | ​ | 528 | ​ | ​ | 217,679 | ​ | ​ | -
Balances at March 31, 2025 | ​ | $ | 652 | ​ | $ | (7,334,595) | ​ | $ | 1,218,235 | ​ | $ | 14,940,418 | ​ | $ | - | ​ | $ | (162,028) | ​ | $ | 8,662,682 | ​ | $ | 171,212
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 income, 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
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