Stock Analysis on Net
Stock Analysis on Net

Steel Dynamics Inc. (NASDAQ:STLD)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 26, 2022.

Cash Flow Statement
Quarterly Data

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.

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Steel Dynamics Inc., consolidated cash flow statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: 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
Net income
Depreciation and amortization
Asset impairment charges
Equity-based compensation
Deferred income taxes
Other adjustments
Accounts receivable
Inventories
Other assets
Accounts payable
Income taxes receivable/payable
Accrued expenses
Changes in certain assets and liabilities
Adjustments to reconcile net income to net cash provided by operating activities
Net cash provided by operating activities
Purchases of property, plant and equipment
Purchases of short-term investments
Proceeds from maturities of short-term investments
Business combination
Investments in unconsolidated affiliates
Acquisition of business, net of cash acquired
Other investing activities
Net cash used in investing activities
Issuance of current and long-term debt
Repayment of current and long-term debt
Dividends paid
Purchases of treasury stock
Other financing activities
Net cash used in financing activities
Increase (decrease) in cash, cash equivalents, and restricted cash

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Net Income Trend
Net income exhibited substantial fluctuations over the reported periods. Initial quarters showed moderate values around $150 million to $300 million, followed by a significant rise starting in early 2021. The net income peaked in late 2021 at over $1.09 billion before slightly decreasing but remaining high in 2022, indicating notable profitability growth over time.
Depreciation and Amortization
This expense remained relatively stable, fluctuating between approximately $75 million and $98 million across all quarters, suggesting consistent capital asset usage and amortization policies.
Asset Impairment Charges
Asset impairment charges were negligible or absent in most quarters, with a notable exception in early 2021 where a charge of approximately $19.4 million appeared, indicating a one-time asset write-down affecting that period.
Equity-Based Compensation
Equity-based compensation showed variability without a clear trend, ranging mostly between $6 million and $21 million. Peaks occurred sporadically, reflecting adjustments for employee incentives at different times.
Deferred Income Taxes
Deferred income taxes showed volatility, with a large negative figure in late 2017 (-$153 million) and significant positive adjustments in 2021 (exceeding $133 million). These fluctuations indicate complex tax timing differences affecting reported earnings.
Other Adjustments
Values for other adjustments were relatively minor compared to other items, fluctuating between small positive and negative amounts, suggesting these are less material or regular adjustments.
Changes in Working Capital Components
Accounts receivable and inventories demonstrated considerable volatility, with both positive and negative shifts. Notably, accounts receivable reflected significant swings from negative values, implying changing credit sales or collection patterns. Inventories transitioned from negative to large positive deviations, indicating substantial variations in stock levels. Accounts payable and accrued expenses also showed large fluctuations, sometimes in opposing directions, signaling varying payment and expense recognition timing.
Net Cash Provided by Operating Activities
This cash flow category showed an overall increasing trend, from around $80 million to over $1.49 billion at the end of the reporting period. This steady growth implies improving operational cash generation capacity despite intermittent quarterly declines.
Investing Activities
Net cash used in investing activities was consistently negative, reflecting ongoing capital expenditures and investments. Significant outflows occurred especially from mid-2018 onward, with purchases of property, plant, and equipment reaching peaks over $340 million per quarter. The data also show large short-term investment activities and acquisitions impacting cash flows in some periods.
Financing Activities
Net cash used in financing activities fluctuated considerably. Early periods showed net cash outflows linked to debt repayments, dividend payments, and treasury stock purchases. Mid-periods displayed occasional positive inflows, likely from debt issuance surpassing repayments. Treasury stock purchases were substantial in certain periods, suggesting active share repurchase programs contributing to financing cash outflows.
Overall Cash Position Changes
The net increase or decrease in cash and equivalents showed marked variability, with quarters of both gains and significant losses. Particularly, large positive cash flows occurred around late 2019 and parts of 2020, while notable decreases appeared in other periods, reflecting the combined impact of operational, investing, and financing cash flows.
Capital Investment and Acquisition Activity
Capital expenditures increased over time, with most quarters showing large outflows for property, plant, and equipment, indicating ongoing asset investment. Additionally, business acquisitions occurred sporadically, with significant cash outflows in some quarters, highlighting growth through acquisitions alongside organic investments.