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Steel Dynamics, Inc. (STLD)
NASDAQ: STLD · Real-Time Price · USD
259.74
+9.47 (3.78%)
At close: Jul 28, 2026, 4:00 PM EDT
263.90
+4.16 (1.60%)
After-hours: Jul 28, 2026, 7:57 PM EDT

Steel Dynamics Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Income
530.79400.11264.52403.93301.19217.68209.87320.89431.69587.5427.04579.78816.18644.33639.01918.481,2151,1071,0961,000
Depreciation & Amortization
173.92159.28146.28138.49132.87133.76125.55121.05117.05115.25111.72107.42110.97107.69102.2498.7195.787.5586.2887.41
Stock-Based Compensation
14.1617.4523.6414.2414.0617.0425.1412.8313.0115.6121.9412.0411.6816.0819.5612.0911.0716.5220.959.92
Other Adjustments
44.4130.38-105.69139.5838.2412.05-48.254.31-1.83-2.32-15.447.4644.92-133.3-8.42-3.2813.79133.2170.23
Change in Receivables
-386.5-373.77187.31-60.9919.83-303.6147.76210.44-36.33-130.75273.74260.92-16.97-70.92306.99326.73-297.05-447.23-23.64-321.77
Changes in Inventories
-48.84-174.43-338.3364.5-163.4213.81-69.5428.17-46.65-133.0343.95102.38-55.16141.11258.87270.63-130.5514.32-633.36-412.95
Changes in Accounts Payable
107.31156.91-31.67-4.82-5.27248.6-55.76-13.85-27.2529.524.09-57.53-114.01117.31-136.28-264.31187.52-75.9785.1748.73
Changes in Accrued Expenses
126.05-163.03-12.09127.339.03-197.430.6100.8476.56-280.0430.76121.76100.61-417.9232.55149.77140.02-258.66135.97169.82
Changes in Income Taxes Payable
-109.8974.43157.14-65.07-82.7142.823.17-12.97-145.68165.66-39.9-7.11-85.49189.25-115.28.27-203.35341.91-192.71-0.35
Changes in Other Operating Activities
-23.4721-18.4-34.557.79-32.128.34-11.851.97-12.18-13.27-13.42-4.927.842.39-15.79-12.8919.416.33-20.36
Operating Cash Flow
427.94148.32272.71722.61301.61152.6346.87759.85382.56355.22864.641,114807.81733.781,1431,4961,002818.97723.9630.82
Operating Cash Flow Growth (YoY)
41.88%-2.81%-21.38%-4.90%-21.16%-57.04%-59.88%-31.77%-52.64%-51.59%-24.38%-25.56%-19.37%-10.40%57.95%137.18%70.61%212.35%424.75%315.58%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Capital Expenditures
-123.84-137.98-188.5-165.69-288.33-305.51-453.18-621.36-419.17-374.31-514.95-558.36-358.28-226.32-344.2-241.23-164.14-159.33-204.54-214.63
Purchases of Investments
--0--29.57-10-39.46-430.83-63.18-205.87-452.78-170.89-165.05-356.78-292.89-283.19-351.51---
Proceeds from Sale of Investments
--039.579.61137.81536.44204.54298.31272.99233.07282.59267.97271.11248.1649.79----
Cash Acquisitions
---------------86.45-47.64----
Other Investing Activities
5.81-1.09-5.75.592.59-1.067.35-4.36-25.5514.26-0.14-5.89-217.912.346.54.114.82-222.073.551.02
Investing Cash Flow
-118.04-139.07-369.97-120.53-305.7-178.7651.16-852-209.59-292.93-734.79-452.55-473.27-309.65-468.89-518.15-510.84-381.4-201-213.61

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Long-Term Debt Issued
695.09599.471,255407.97484.281,406337.381,186580.61379.27299.06345.56327.13393.91414.32348.29382.87319.78456.64343.01
Long-Term Debt Repaid
-716.22-612.36-824.44-408.29-902.61-432.53-792.09-527.98-590.05-413.94-324.62-316.51-321.14-405.28-380.42-363.06-414.72-349.27-426.66-382.49
Net Long-Term Debt Issued (Repaid)
-21.13-12.89431.06-0.33-418.33973.42-454.71657.68-9.44-34.67-25.5629.055.99-11.3733.9-14.77-31.85-29.4929.98-39.48
Repurchase of Common Stock
-200.29-115.09-240.3-210.39-200.05-250.14-295.14-309.9-309.06-298.06-386.68-331.32-380.21-354-413.02-481.68-517.02-389.19-329.82-337.62
Net Common Stock Issued (Repurchased)
-200.29-115.09-240.3-210.39-200.05-250.14-295.14-309.9-309.06-298.06-386.68-331.32-380.21-354-413.02-481.68-517.02-389.19-329.82-337.62
Common Dividends Paid
-76.56-72.47-73.08-73.89-74.69-69.51-70.4-71.58-72.62-68.01-69.48-70.71-72.32-58.8-60.03-62.09-64.34-50.7-51.94-53.38
Other Financing Activities
-0.7-22.31-20.85-5.06-31.72-30.47-3.531.188.78-23.11-12.651.95-17.58-23.45-27.47-6.06-60.24-22.53-22.96-4.78
Financing Cash Flow
-298.67-222.7696.84-289.66-724.78623.3-823.77277.37-382.35-423.85-494.38-371.03-464.12-447.61-466.62-564.6-673.46-491.91-374.74-435.25

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Cash Flow
11.23-213.51-0.43312.42-728.87597.14-425.75185.23-209.38-361.56-364.52290.13-129.58-23.48207.92413.41-182.44-54.34148.17-18.04

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
304.0910.3484.22556.9213.28-152.9-106.3138.5-36.61-19.09349.7555.34449.53507.46799.231,255837.71659.64519.36416.19
Free Cash Flow Growth (YoY)
2189.86%--302.11%----75.06%---56.25%-55.75%-46.34%-23.07%53.89%201.53%170.21%---
FCF Margin
4.99%0.20%1.91%11.53%0.29%-3.50%-2.75%3.19%-0.79%-0.41%8.26%12.11%8.85%10.37%16.56%22.20%13.48%11.84%9.78%8.18%
Free Cash Flow Per Share
2.100.070.583.770.09-1.01-0.700.89-0.23-0.122.153.342.662.944.546.914.463.412.612.04
Levered Free Cash Flow
614.2326.73411.53463.51-479.641,094-688.23565.51-24.5960.2441.11301.38411.82544.91469.13905.61,0901,044413.63608.94
Unlevered Free Cash Flow
645.24355.61-21.36459.29-62.74117.33-236.5-98.97-16.0487.0150.78258.74401.86553.86439.88933.161,1431,105404.61672.77
SEC Filings: 10-K · 10-Q