Steel Dynamics, Inc. (STLD)

Steel Dynamics Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,370	1,187	1,550	2,467	3,879	3,247
Depreciation & Amortization	576.91	551.39	478.91	437.8	384.2	347.65
Stock-Based Compensation	69.39	68.98	66.59	61.74	59.24	57.72
Other Adjustments	102.51	84.19	-48.09	35.95	35.39	318.77
Change in Receivables	-227.63	-157.46	191.11	446.77	-110.56	-944.52
Changes in Inventories	-611.67	-423.44	-221.04	232.28	413.26	-1,686
Changes in Accounts Payable	115.15	206.84	-67.36	-30.15	-289.04	557.74
Changes in Accrued Expenses	-8.79	-43.19	-102.04	-164.78	63.68	414.21
Changes in Income Taxes Payable	83.8	52.18	10.18	56.76	31.62	-105.92
Changes in Other Operating Activities	-24.16	-77.28	-13.72	-23.78	-6.88	-2.49
Operating Cash Flow	1,445	1,450	1,845	3,520	4,460	2,204
Operating Cash Flow Growth	-11.98%	-21.41%	-47.60%	-21.09%	102.36%	123.31%
Capital Expenditures	-780.5	-948.03	-1,868	-1,658	-908.9	-1,006
Purchases of Investments	-29.57	-39.57	-739.34	-1,145	-927.58	-
Proceeds from Sale of Investments	49.19	187	1,312	1,055	297.95	-
Payments for Business Acquisitions	-175.77	-175.77	-	-	-134.09	-
Other Investing Activities	1.39	1.42	-8.31	-221.59	-206.64	6.82
Investing Cash Flow	-935.26	-974.96	-1,303	-1,970	-1,879	-999.42
Long-Term Debt Issued	2,747	3,554	2,483	1,366	1,465	1,517
Long-Term Debt Repaid	-2,748	-2,568	-2,324	-1,368	-1,507	-1,522
Net Long-Term Debt Issued (Repaid)	-0.49	985.82	158.86	-1.89	-42.22	-5.45
Repurchase of Common Stock	-765.82	-900.87	-1,212	-1,452	-1,801	-1,061
Net Common Stock Issued (Repurchased)	-765.82	-900.87	-1,212	-1,452	-1,801	-1,061
Common Dividends Paid	-294.13	-291.18	-282.62	-271.32	-237.16	-212.97
Other Financing Activities	-79.93	-88.09	-16.68	-51.73	-116.3	-50.42
Financing Cash Flow	-1,140	-294.32	-1,353	-1,777	-2,197	-1,329
Net Cash Flow	-630.39	180.26	-811.45	-227.46	384.55	-124.75
Free Cash Flow	664.75	501.51	-23.5	1,862	3,552	1,198
Free Cash Flow Growth	32.55%	-	-	-47.57%	196.48%	-
FCF Margin	3.50%	2.76%	-0.13%	9.91%	15.95%	6.51%
Free Cash Flow Per Share	4.52	3.38	-0.15	11.12	19.24	5.80
Levered Free Cash Flow	722.13	1,490	-87.07	1,299	3,508	1,728
Unlevered Free Cash Flow	731.04	492.29	-264.26	1,266	3,622	1,837

Updated Mar 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q