Steel Dynamics, Inc. (STLD)
NASDAQ: STLD · Real-Time Price · USD
258.38
+7.12 (2.83%)
At close: Aug 3, 2026, 4:00 PM EDT
258.57
+0.19 (0.07%)
After-hours: Aug 3, 2026, 7:56 PM EDT
Steel Dynamics Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 1,599 | 1,187 | 1,550 | 2,467 | 3,879 | 3,247 |
Depreciation & Amortization | 617.97 | 551.39 | 478.91 | 437.8 | 384.2 | 347.65 |
Stock-Based Compensation | 69.49 | 68.98 | 66.59 | 61.74 | 59.24 | 57.72 |
Other Adjustments | 108.68 | 84.19 | -48.09 | 35.95 | 35.39 | 318.77 |
Change in Receivables | -633.96 | -157.46 | 191.11 | 446.77 | -110.56 | -944.52 |
Changes in Inventories | -497.1 | -423.44 | -221.04 | 232.28 | 413.26 | -1,686 |
Changes in Accounts Payable | 227.73 | 206.84 | -67.36 | -30.15 | -289.04 | 557.74 |
Changes in Accrued Expenses | 78.23 | -43.19 | -102.04 | -164.78 | 63.68 | 414.21 |
Changes in Income Taxes Payable | 56.62 | 52.18 | 10.18 | 56.76 | 31.62 | -105.92 |
Changes in Other Operating Activities | -55.42 | -77.28 | -13.72 | -23.78 | -6.88 | -2.49 |
Operating Cash Flow | 1,572 | 1,450 | 1,845 | 3,520 | 4,460 | 2,204 |
Operating Cash Flow Growth | 0.68% | -21.41% | -47.60% | -21.09% | 102.36% | 123.31% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -616.01 | -948.03 | -1,868 | -1,658 | -908.9 | -1,006 |
Purchases of Investments | - | -39.57 | -739.34 | -1,145 | -927.58 | - |
Proceeds from Sale of Investments | 39.57 | 187 | 1,312 | 1,055 | 297.95 | - |
Cash Acquisitions | - | -175.77 | - | - | -134.09 | - |
Other Investing Activities | 4.61 | 1.42 | -8.31 | -221.59 | -206.64 | 6.82 |
Investing Cash Flow | -747.61 | -974.96 | -1,303 | -1,970 | -1,879 | -999.42 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | 2,958 | 3,554 | 2,483 | 1,366 | 1,465 | 1,517 |
Long-Term Debt Repaid | -2,561 | -2,568 | -2,324 | -1,368 | -1,507 | -1,522 |
Net Long-Term Debt Issued (Repaid) | 396.71 | 985.82 | 158.86 | -1.89 | -42.22 | -5.45 |
Repurchase of Common Stock | -766.06 | -900.87 | -1,212 | -1,452 | -1,801 | -1,061 |
Net Common Stock Issued (Repurchased) | -766.06 | -900.87 | -1,212 | -1,452 | -1,801 | -1,061 |
Common Dividends Paid | -296 | -291.18 | -282.62 | -271.32 | -237.16 | -212.97 |
Other Financing Activities | -48.91 | -88.09 | -16.68 | -51.73 | -116.3 | -50.42 |
Financing Cash Flow | -714.26 | -294.32 | -1,353 | -1,777 | -2,197 | -1,329 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 109.71 | 180.26 | -811.45 | -227.46 | 384.55 | -124.75 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 955.56 | 501.51 | -23.5 | 1,862 | 3,552 | 1,198 |
Free Cash Flow Growth | - | - | - | -47.57% | 196.48% | - |
FCF Margin | 4.65% | 2.76% | -0.13% | 9.91% | 15.95% | 6.51% |
Free Cash Flow Per Share | 6.55 | 3.38 | -0.15 | 11.12 | 19.24 | 5.80 |
Levered Free Cash Flow | 1,816 | 1,490 | -87.07 | 1,299 | 3,508 | 1,728 |
Unlevered Free Cash Flow | 1,439 | 492.29 | -264.25 | 1,266 | 3,622 | 1,837 |