STEEL DYNAMICS INC (STLD) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Metals Recycling/Ferrous Resources	22,260.8	18,408.9	9,601.5	10,465.0	701.8	9,538.8	7,777.1	7,594.4
Steel Operations	15,100.9	14,023.1	7,455.6	8,234.2	9,263.2	7,175.4	5,870.9	5,422.5
Metals Recycling	4,395.6	4,590.1	2,403.1	2,494.0	3,202.2	2,813.0	2,171.9	2,337.7
Steel Fabrication	4,257.2	1,764.7	906.4	963.3	922.0	824.4	703.5	673.4
Total revenues	22,260.8	18,408.9	9,601.5	10,465.0	11,821.8	9,538.8	7,777.1	7,594.4
Revenue growth [+]	20.9%	91.7%	-8.3%	-11.5%	23.9%	22.7%	2.4%	-13.3%
Metals Recycling/Ferrous Resources	20.9%	91.7%	-8.3%	1391.1%	-92.6%	22.7%	2.4%
Steel Operations	7.7%	88.1%	-9.5%	-11.1%	29.1%	22.2%	8.3%	-6.9%
Metals Recycling	-4.2%	91.0%	-3.6%	-22.1%	13.8%	29.5%	-7.1%	-33.9%
Steel Fabrication	141.2%	94.7%	-5.9%	4.5%	11.8%	17.2%	4.5%	6.6%
Other	1.7%	152.8%	25.1%	-6.6%	14.3%	35.6%	-12.0%	-32.8%
Cost of goods sold	16,142.9	13,046.4	8,166.8	8,934.0	9,499.0	7,956.8	6,442.2	6,862.7
Gross profit	6,117.8	5,362.4	1,434.7	1,531.0	2,322.8	1,582.0	1,334.9	731.7
Gross margin	27.5%	29.1%	14.9%	14.6%	19.6%	16.6%	17.2%	9.6%
Selling, general and administrative [+]	998.2	1,032.1	539.2	514.5	572.6	485.9	445.3	351.8
Sales and marketing	545.6	644.0	477.5	436.5	416.6	394.6
General and administrative	452.6	388.1	61.7	78.0	156.0	91.3
Other selling, general and administrative	545.6	644.0	477.5	436.5	416.6	394.6
Other operating expenses	27.8	29.2	29.0	29.6	27.8	29.2	28.8	24.2
EBITDA [+]	5,476.0	4,648.8	1,192.3	1,308.0	2,039.6	1,365.9	1,156.9	650.3
EBITDA growth	17.8%	289.9%	-8.8%	-35.9%	49.3%	18.1%	77.9%	-22.9%
EBITDA margin	24.6%	25.3%	12.4%	12.5%	17.3%	14.3%	14.9%	8.6%
Depreciation	356.4	318.4	296.8	291.5	289.4	269.8	267.3	270.4
EBITA	5,119.7	4,330.3	895.6	1,016.5	1,750.2	1,096.1	889.6	379.9
EBITA margin	23.0%	23.5%	9.3%	9.7%	14.8%	11.5%	11.4%	5.0%
Amortization of intangibles	27.8	29.2	29.0	29.6	27.8	29.2	28.8	24.2
EBIT [+]	5,091.8	4,301.1	866.6	986.9	1,722.4	1,066.9	860.8	355.7
EBIT growth	18.4%	396.3%	-12.2%	-42.7%	61.4%	23.9%	142.0%	-38.7%
EBIT margin	22.9%	23.4%	9.0%	9.4%	14.6%	11.2%	11.1%	4.7%
Non-recurring items [+]			19.4				132.8	428.5
Asset impairment			19.4				132.8	428.5
Interest expense	91.5	57.2	94.9	127.1	126.6	134.4	146.0	154.0
Interest expense	91.5	57.2	94.9	127.1	126.6	134.4	146.0	154.0
Other income (expense), net [+]	20.8	-34.8	-46.8	15.6	24.0	2.8	-17.8	-15.4
Other	20.8	-34.8	-46.8	15.6	24.0	2.8	-17.8	-15.4
Pre-tax income	5,021.1	4,209.1	705.5	875.3	1,619.8	935.2	564.1	-242.1
Income taxes	1,141.6	962.3	134.7	197.4	364.0	129.4	204.1	-96.9
Tax rate	22.7%	22.9%	19.1%	22.6%	22.5%	13.8%	36.2%	40.0%
Minority interest	-16.8	-32.7	-20.0	-6.8	2.6	6.9	22.1	14.9
Net income	3,862.7	3,214.1	550.8	671.1	1,258.4	812.7	382.1	-130.3
Net margin	17.4%	17.5%	5.7%	6.4%	10.6%	8.5%	4.9%	-1.7%

Basic EPS [+]	$21.06	$15.67	$2.61	$3.06	$5.38	$3.38	$1.57	($0.54)
Growth	34.4%	500.6%	-14.6%	-43.2%	58.9%	115.7%	-391.4%	-179.7%
Diluted EPS [+]	$20.92	$15.56	$2.59	$3.04	$5.35	$3.36	$1.56	($0.54)
Growth	34.5%	499.7%	-14.7%	-43.2%	59.2%	115.8%	-389.3%	-183.0%

Dividends per share [+]	$1.36	$1.04	$1.00	$0.96	$0.75	$0.62	$0.56	$0.55
Growth	30.8%	4.0%	4.2%	28.0%	21.0%	10.7%	1.8%	19.6%

Shares outstanding (basic) [+]	183.4	205.1	211.1	219.6	233.9	240.1	243.6	242.0
Growth	-10.6%	-2.9%	-3.9%	-6.1%	-2.6%	-1.4%	0.6%	4.1%
Shares outstanding (diluted) [+]	184.6	206.6	212.3	220.7	235.2	241.8	245.3	242.0
Growth	-10.6%	-2.7%	-3.8%	-6.1%	-2.7%	-1.4%	1.4%	0.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.