Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Steel Dynamics Inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net income	3,246,814)	570,828)	677,900)	1,255,805)	805,796)
Depreciation and amortization	347,653)	325,789)	321,082)	317,198)	298,999)
Asset impairment charges	—)	19,409)	—)	—)	—)
Equity-based compensation	57,715)	55,598)	47,631)	43,317)	36,197)
Deferred income taxes	322,007)	47,808)	51,721)	61,827)	(135,899)
Other adjustments	(3,240)	30,974)	1,413)	(1,245)	14,068)
Accounts receivable	(944,516)	(111,920)	237,805)	(145,873)	(139,054)
Inventories	(1,685,834)	(150,596)	217,866)	(246,213)	(242,883)
Other assets	(2,491)	(1,547)	13,735)	(3,475)	4,188)
Accounts payable	557,735)	182,509)	(86,445)	37,904)	96,062)
Income taxes receivable/payable	(105,921)	32,551)	(12,095)	26,471)	(33,889)
Accrued expenses	414,214)	(14,371)	(74,323)	69,753)	36,021)
Changes in certain assets and liabilities	(1,766,813)	(63,374)	296,543)	(261,433)	(279,555)
Adjustments to reconcile net income to net cash provided by operating activities	(1,042,678)	416,204)	718,390)	159,664)	(66,190)
Net cash provided by operating activities	2,204,136)	987,032)	1,396,290)	1,415,469)	739,606)
Purchases of property, plant and equipment	(1,006,239)	(1,198,055)	(451,945)	(239,390)	(164,935)
Purchases of short-term investments	—)	(149,359)	(396,159)	(268,783)	—)
Proceeds from maturities of short-term investments	—)	411,533)	362,768)	40,000)	—)
Acquisition of business, net of cash acquired	—)	(60,012)	(97,106)	(433,998)	(6,192)
Other investing activities	6,819)	2,634)	5,756)	6,907)	32,022)
Net cash used in investing activities	(999,420)	(993,259)	(576,686)	(895,264)	(139,105)
Issuance of current and long-term debt	1,516,556)	2,523,356)	1,573,962)	445,607)	620,041)
Repayment of current and long-term debt	(1,522,002)	(2,177,527)	(1,264,152)	(455,491)	(609,914)
Dividends paid	(212,968)	(209,248)	(200,271)	(168,913)	(145,565)
Purchases of treasury stock	(1,060,632)	(106,529)	(348,608)	(523,569)	(252,242)
Other financing activities	(50,423)	(37,100)	(27,561)	(18,501)	(25,655)
Net cash used in financing activities	(1,329,469)	(7,048)	(266,630)	(720,867)	(413,335)
Increase (decrease) in cash and equivalents, and restricted cash	(124,753)	(13,275)	552,974)	(200,662)	187,166)
Cash and equivalents, and restricted cash at beginning of period	1,374,122)	1,387,397)	834,423)	1,035,085)	841,483)
Cash and equivalents, and restricted cash at end of period	1,249,369)	1,374,122)	1,387,397)	834,423)	1,028,649)

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).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Steel Dynamics Inc. net cash provided by operating activities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Steel Dynamics Inc. net cash used in investing activities decreased from 2019 to 2020 and from 2020 to 2021.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Steel Dynamics Inc. net cash used in financing activities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.

Steel Dynamics Inc. (NASDAQ:STLD)

Cash Flow Statement