Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Steel Dynamics Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Accounts payable, unrelated parties	1,153,299)	1,365,608)	1,202,033)	1,266,833)	1,208,499)	1,167,102)	1,113,250)	760,536)	702,991)	696,845)	602,875)	509,687)	518,909)	516,109)	582,284)	536,743)	595,286)	657,496)	544,419)	473,765)	512,290)	467,611)	514,788)
Accounts payable, related parties	11,848)	15,206)	11,525)	13,722)	11,938)	16,502)	21,422)	8,919)	12,690)	5,087)	9,285)	3,657)	9,720)	9,047)	9,183)	14,011)	15,742)	18,305)	18,199)	15,683)	16,393)	16,392)	16,170)
Accounts payable	1,165,147)	1,380,814)	1,213,558)	1,280,555)	1,220,437)	1,183,604)	1,134,672)	769,455)	715,681)	701,932)	612,160)	513,344)	528,629)	525,156)	591,467)	550,754)	611,028)	675,801)	562,618)	489,448)	528,683)	484,003)	530,958)
Income taxes payable	41,121)	36,976)	229,360)	13,746)	80,167)	80,520)	52,969)	2,386)	827)	25,411)	17,806)	2,014)	2,074)	3,032)	26,896)	7,468)	10,872)	38,273)	14,564)	3,696)	5,596)	5,589)	80,741)
Accrued payroll and benefits	545,311)	428,758)	275,621)	539,812)	406,538)	276,232)	182,044)	201,778)	177,935)	148,055)	124,181)	208,287)	181,785)	148,747)	114,575)	264,542)	228,911)	170,470)	113,001)	195,909)	171,508)	138,360)	106,733)
Accrued interest	33,535)	17,531)	33,539)	17,533)	33,540)	17,535)	33,856)	19,656)	27,649)	11,859)	39,749)	18,292)	47,945)	25,509)	47,955)	25,526)	47,967)	25,542)	47,936)	25,533)	49,380)	29,632)	50,650)
Accrued expenses	323,331)	300,663)	270,178)	278,549)	258,551)	200,849)	176,422)	178,618)	171,307)	154,243)	167,718)	175,405)	162,692)	151,161)	141,239)	146,613)	136,111)	130,234)	112,975)	125,138)	128,701)	118,337)	109,400)
Current maturities of long-term debt	22,951)	37,130)	68,390)	97,174)	55,056)	93,505)	81,226)	86,894)	82,229)	73,926)	70,106)	89,356)	82,150)	72,131)	80,958)	24,234)	14,776)	18,266)	9,646)	28,795)	182,661)	19,971)	2,965)
Current liabilities	2,131,396)	2,201,872)	2,090,646)	2,227,369)	2,054,289)	1,852,245)	1,661,189)	1,258,787)	1,175,628)	1,115,426)	1,031,720)	1,006,698)	1,005,275)	925,736)	1,003,090)	1,019,137)	1,049,665)	1,058,586)	860,740)	868,519)	1,066,529)	795,892)	881,447)
Long-term debt, excluding current maturities	3,012,120)	3,011,116)	3,010,109)	3,008,702)	3,019,175)	3,016,486)	3,016,200)	3,015,782)	2,636,615)	2,636,722)	2,646,012)	2,644,988)	2,355,243)	2,355,917)	2,354,427)	2,352,489)	2,351,979)	2,352,127)	2,353,703)	2,353,145)	2,351,483)	2,354,337)	2,353,744)
Deferred income taxes	856,650)	853,407)	856,790)	854,905)	722,220)	652,059)	602,185)	536,288)	512,503)	503,034)	489,248)	484,169)	468,248)	457,784)	447,087)	435,838)	398,814)	375,719)	314,736)	305,949)	461,399)	459,639)	454,426)
Other liabilities	112,327)	95,929)	120,918)	120,087)	117,367)	136,189)	113,125)	106,479)	94,011)	73,237)	72,004)	75,055)	70,126)	70,196)	63,171)	8,870)	11,833)	18,330)	20,257)	21,811)	20,305)	20,781)	19,711)
Noncurrent liabilities	3,981,097)	3,960,452)	3,987,817)	3,983,694)	3,858,762)	3,804,734)	3,731,510)	3,658,549)	3,243,129)	3,212,993)	3,207,264)	3,204,212)	2,893,617)	2,883,897)	2,864,685)	2,797,197)	2,762,626)	2,746,176)	2,688,696)	2,680,905)	2,833,187)	2,834,757)	2,827,881)
Total liabilities	6,112,493)	6,162,324)	6,078,463)	6,211,063)	5,913,051)	5,656,979)	5,392,699)	4,917,336)	4,418,757)	4,328,419)	4,238,984)	4,210,910)	3,898,892)	3,809,633)	3,867,775)	3,816,334)	3,812,291)	3,804,762)	3,549,436)	3,549,424)	3,899,716)	3,630,649)	3,709,328)
Redeemable noncontrolling interests	172,403)	168,303)	227,914)	211,414)	186,814)	176,414)	163,614)	158,614)	155,414)	152,414)	151,014)	143,614)	143,614)	139,930)	139,930)	111,240)	111,240)	111,240)	111,240)	111,240)	111,240)	111,240)	111,240)
Common stock voting, $.0025 par value	649)	649)	649)	649)	648)	648)	648)	648)	646)	646)	646)	646)	645)	645)	645)	645)	644)	644)	644)	644)	641)	641)	641)
Treasury stock, at cost	(4,046,555)	(3,566,493)	(3,050,497)	(2,674,267)	(2,344,477)	(2,006,895)	(1,614,866)	(1,623,747)	(1,623,805)	(1,623,855)	(1,624,808)	(1,525,113)	(1,469,078)	(1,354,157)	(1,261,837)	(1,184,243)	(854,052)	(779,088)	(730,700)	(665,297)	(650,210)	(551,125)	(475,072)
Additional paid-in capital	1,219,947)	1,213,481)	1,204,023)	1,218,933)	1,219,438)	1,210,833)	1,202,945)	1,207,392)	1,200,228)	1,191,614)	1,183,776)	1,181,012)	1,175,512)	1,167,505)	1,160,139)	1,160,048)	1,156,556)	1,149,367)	1,142,871)	1,141,534)	1,147,463)	1,141,050)	1,135,892)
Retained earnings	10,799,863)	9,945,710)	8,800,883)	7,761,417)	6,721,734)	5,783,184)	5,134,398)	4,758,969)	4,624,019)	4,576,629)	4,553,882)	4,419,296)	4,349,523)	4,250,419)	4,109,034)	3,958,320)	3,730,662)	3,376,163)	3,057,904)	2,874,693)	2,606,831)	2,490,373)	2,373,718)
Accumulated other comprehensive income (loss)	(2,748)	(4,999)	9,296)	(2,091)	10,583)	32,344)	5,667)	1,902)	95)	216)	30)	(7)	39)	78)	130)	301)	(42)	(105)	—)	—)	—)	—)	—)
Total Steel Dynamics, Inc. equity	7,971,156)	7,588,348)	6,964,354)	6,304,641)	5,607,926)	5,020,114)	4,728,792)	4,345,164)	4,201,183)	4,145,250)	4,113,526)	4,075,834)	4,056,641)	4,064,490)	4,008,111)	3,935,071)	4,033,768)	3,746,981)	3,470,719)	3,351,574)	3,104,725)	3,080,939)	3,035,179)
Noncontrolling interests	(208,354)	(207,761)	(214,094)	(195,884)	(171,806)	(166,176)	(157,209)	(155,552)	(157,798)	(157,742)	(158,601)	(154,593)	(155,900)	(156,139)	(158,583)	(159,082)	(158,931)	(158,462)	(158,582)	(156,506)	(154,944)	(152,698)	(151,712)
Total equity	7,762,802)	7,380,587)	6,750,260)	6,108,757)	5,436,120)	4,853,938)	4,571,583)	4,189,612)	4,043,385)	3,987,508)	3,954,925)	3,921,241)	3,900,741)	3,908,351)	3,849,528)	3,775,989)	3,874,837)	3,588,519)	3,312,137)	3,195,068)	2,949,781)	2,928,241)	2,883,467)
Total liabilities and equity	14,047,698)	13,711,214)	13,056,637)	12,531,234)	11,535,985)	10,687,331)	10,127,896)	9,265,562)	8,617,556)	8,468,341)	8,344,923)	8,275,765)	7,943,247)	7,857,914)	7,857,233)	7,703,563)	7,798,368)	7,504,521)	6,972,813)	6,855,732)	6,960,737)	6,670,130)	6,704,035)

Accounts Payable: Accounts payable to unrelated parties showed considerable fluctuations, peaking notably at the end of 2021 before declining somewhat in 2022. Related-party accounts payable followed a less volatile pattern but dropped significantly in the middle of 2019 and remained at lower levels than unrelated parties through 2022. Total accounts payable generally increased over the entire period, especially accelerating from 2020 onward.
Income Taxes Payable: Income taxes payable experienced substantial volatility across quarters, with notably high spikes at several points, such as March 2022. The pattern indicates irregular tax obligations or payments, with some periods showing minimal payables and others large accruals.
Accrued Payroll and Benefits: This liability demonstrated a marked rising trend, particularly from 2020 through 2022. The amount grew substantially, reaching a peak in late 2021 and sustaining higher values than in previous years. This could indicate increasing employee-related obligations, potentially from workforce growth or higher accrued benefits.
Accrued Interest: Accrued interest fluctuated with a repeating pattern of high and low values, switching approximately every quarter between around 17,000 and 47,000 thousand dollars. This may reflect scheduled interest payments on debt instruments with variable payment timing.
Accrued Expenses: Accrued expenses steadily increased from 2017 through 2022 with some seasonal fluctuations, reaching its highest levels toward the end of the period. This reflects growing short-term obligations related to operational costs or other accrued liabilities.
Current Maturities of Long-Term Debt: Current maturities of long-term debt showed irregular patterns, including significant spikes in late 2017 and late 2019. Since 2020, the levels remained elevated but with a general declining trend in 2022, indicating scheduled repayments of portions of long-term debt becoming due within a year.
Current Liabilities: Overall current liabilities experienced substantial growth over the period, particularly surging in 2021. This reflects increasing short-term financial obligations, consistent with the rises observed in accounts payable, accrued payroll, and accrued expenses.
Long-Term Debt, Excluding Current Maturities: Long-term debt remained broadly stable around 2.35 to 2.65 billion through 2017-2019, then rose sharply to above 3 billion from 2020 onward. This growth signals significant debt incurrence or refinancing during the latter period, consistent with increased leverage.
Deferred Income Taxes: Deferred income taxes showed a clear and steady upward trend, nearly doubling from mid-2017 to late 2021, reaching above 850 million. This suggests accumulated tax timing differences growing alongside the business or changes in tax accounting policies.
Other and Noncurrent Liabilities: Other liabilities fluctuated but overall grew modestly, while noncurrent liabilities saw a steady increase, especially from 2020 forward, reaching nearly 4 billion by 2022. This contributes to increased long-term obligations.
Total Liabilities: Total liabilities experienced growth throughout the timeframe, with a significant acceleration after 2020, climbing from roughly 3.7 billion in 2017 to over 6 billion by 2022, reflecting increased leverage and operational scale.
Equity Components: Common stock remained virtually constant with minimal par value adjustments. Treasury stock increased in negative value persistently, meaning more treasury shares were acquired or higher costs recognized over time, especially accelerating since 2018.
Additional Paid-in Capital and Retained Earnings: Additional paid-in capital increased gradually but at a moderate rate. Retained earnings exhibited strong growth, nearly quintupling from about 2.37 billion in early 2017 to nearly 11 billion by late 2022. This indicates sustained profitability and earnings retention.
Accumulated Other Comprehensive Income (Loss): This line had inconsistent data early on, but from 2018 onward showed fluctuations between modest gains and losses. Peaks occurred in mid-2021, reflecting volatile components such as foreign currency translation or unrealized gains/losses.
Total Company Equity: Total equity increased significantly over the analysis period, nearly tripling from approximately 2.9 billion to over 7.7 billion, indicating growth in net asset value and successful earnings reinvestment despite increasing treasury stock offsets.
Total Liabilities and Equity: The combined total liabilities and equity nearly doubled, indicative of major company expansion, increased borrowing, and asset growth over these years.

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Steel Dynamics Inc. (NASDAQ:STLD)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data