Name: Steel Dynamics Inc. (NASDAQ:STLD) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Steel Dynamics Inc., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Cash and equivalents	1,243,868)	1,368,618)	1,381,460)	828,220)	1,028,649)
Short-term investments	—)	—)	262,174)	228,783)	—)
Accounts receivable, unrelated parties	1,911,385)	967,981)	841,378)	1,040,220)	846,415)
Accounts receivable, related parties	5,049)	3,937)	2,958)	3,536)	22,422)
Accounts receivable, net of allowances for credit losses	1,916,434)	971,918)	844,336)	1,043,756)	868,837)
Inventories	3,531,130)	1,843,548)	1,689,043)	1,859,168)	1,519,347)
Other current assets	209,591)	74,363)	76,012)	72,730)	91,509)
Current assets	6,901,023)	4,258,447)	4,253,025)	4,032,657)	3,508,342)
Property, plant and equipment, net	4,751,430)	4,105,569)	3,135,886)	2,945,767)	2,675,904)
Intangible assets, net	295,345)	324,577)	327,901)	270,328)	256,909)
Goodwill	453,835)	457,226)	452,915)	429,645)	386,893)
Other assets	129,601)	119,743)	106,038)	25,166)	27,684)
Noncurrent assets	5,630,211)	5,007,115)	4,022,740)	3,670,906)	3,347,390)
Total assets	12,531,234)	9,265,562)	8,275,765)	7,703,563)	6,855,732)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Total assets exhibited consistent growth from 2017 to 2021, increasing from 6.86 billion to 12.53 billion. The most pronounced expansion occurred between 2020 and 2021, during which total assets grew by approximately 35% in a single fiscal year.

Current Asset Dynamics: Current assets grew from 3.51 billion in 2017 to 6.90 billion in 2021. While cash and equivalents remained relatively stable, fluctuating between 828 million and 1.38 billion, a significant surge in operational assets occurred in 2021. Specifically, net accounts receivable nearly doubled from 972 million in 2020 to 1.92 billion in 2021, and inventories increased by approximately 91% during the same period, rising from 1.84 billion to 3.53 billion.
Fixed Asset Investment: Property, plant and equipment, net, demonstrated a sustained upward trajectory, increasing from 2.68 billion in 2017 to 4.75 billion in 2021. The growth accelerated notably after 2019, with substantial additions observed in 2020 and 2021, indicating a period of aggressive capital expenditure and capacity expansion.
Intangible Assets and Goodwill: Non-physical assets remained relatively stable throughout the period. Goodwill grew moderately from 387 million in 2017 to a peak of 457 million in 2020, before settling at 454 million in 2021. Intangible assets, net, followed a similar pattern, peaking at 328 million in 2019 before slightly declining to 295 million by 2021.
Asset Composition and Structural Shift: The overall asset base shifted toward higher liquidity and expanded production capacity. The combined growth of inventories and receivables in 2021 suggests a significant increase in business volume or a strategic buildup of materials and credit extensions to customers. Noncurrent assets grew from 3.35 billion in 2017 to 5.63 billion in 2021, driven primarily by the expansion of the fixed asset base rather than intangible acquisitions.

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