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Steel Dynamics, Inc. (STLD)
NASDAQ: STLD · Real-Time Price · USD
222.90
+1.00 (0.45%)
Nov 6, 2026, 4:00 PM EST - Market closed

Steel Dynamics Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Net Income
756534.09403.44266.03403.69298.73217.15207.29317.8428584.04424.27577.2812.11637.31634.86914.331,2101,1041,091
Depreciation & Amortization
174.85173.92159.28146.28138.49132.87133.76125.55121.05117.05115.25111.72107.42110.97107.69102.2498.7195.787.5586.28
Stock-Based Compensation
14.4414.1617.4523.6414.2414.0617.0425.1412.8313.0115.6121.9412.0411.6816.0819.5612.0911.0716.5220.95
Other Operating Activities
42.1441.1127.05-107.21139.8340.712.58-45.687.41.871.14-12.6710.0548.996.0337.44-4.271.8217.21138.4
Change in Accounts Receivable
-3.51-386.5-373.77187.31-60.9919.83-303.6147.76210.44-36.33-130.75273.74260.92-16.97-70.92306.99326.73-297.05-447.23-23.64
Change in Inventory
-294.12-48.84-174.43-338.3364.5-163.4213.81-69.5428.17-46.65-133.0343.95102.38-55.16141.11258.87270.63-130.5514.32-633.36
Change in Accounts Payable
107.02107.31156.91-31.67-4.82-5.27248.6-55.76-13.85-27.2529.524.09-57.53-114.01117.31-136.28-264.31187.52-75.9785.17
Change in Income Taxes
35.32-109.8974.43157.14-65.07-82.7142.823.17-12.97-145.68165.66-39.9-7.11-85.49189.25-115.28.27-203.35341.91-192.71
Change in Other Net Operating Assets
13.66102.58-142.03-30.4992.7446.82-229.558.9488.9978.54-292.2117.49108.3495.69-410.0734.94133.98127.14-239.26152.3
Operating Cash Flow
845.79427.94148.32272.71722.61301.61152.6346.87759.85382.56355.22864.641,114807.81733.781,1431,4961,002818.97723.9
Operating Cash Flow Growth (YoY)
17.05%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%

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Capital Expenditures
-149.61-123.84-137.98-188.5-165.69-288.33-305.51-453.18-621.36-419.17-374.31-514.95-558.36-358.28-226.32-344.2-241.23-164.14-159.33-204.54
Cash Acquisitions
----175.77------------86.45-47.64---
Investment in Securities
----39.57-19.96127.81496.98-226.28235.1367.12-219.7111.71102.92-85.67-44.73-233.39-351.51-222.48-
Other Investing Activities
-1.995.81-1.09-5.75.592.59-1.067.35-4.36-25.5514.26-0.14-5.89-217.912.346.54.114.820.413.55
Investing Cash Flow
-151.6-118.04-139.07-369.97-120.53-305.7-178.7651.16-852-209.59-292.93-734.79-452.55-473.27-309.65-468.89-518.15-510.84-381.4-201

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Long-Term Debt Issued
671.65695.09599.47-407.97484.281,406-1,186580.61379.27-345.56327.13393.91-348.29382.87319.78-
Total Debt Issued
671.65695.09599.471,255407.97484.281,406337.381,186580.61379.27299.06345.56327.13393.91414.32348.29382.87319.78456.64
Long-Term Debt Repaid
-652.57-716.22-612.36--408.29-902.61-432.53--527.98-590.05-413.94--316.51-321.14-405.28--363.06-414.72-349.27-
Total Debt Repaid
-652.57-716.22-612.36-824.44-408.29-902.61-432.53-792.09-527.98-590.05-413.94-324.62-316.51-321.14-405.28-380.42-363.06-414.72-349.27-426.66
Net Debt Issued (Repaid)
19.08-21.13-12.89431.06-0.33-418.33973.42-454.71657.68-9.44-34.67-25.5629.055.99-11.3733.9-14.77-31.85-29.4929.98
Repurchase of Common Stock
-275.56-200.29-115.09-240.3-210.39-200.05-250.14-295.14-309.9-309.06-298.06-386.68-331.32-380.21-354-413.02-481.68-517.02-389.19-329.82
Common Dividends Paid
-76.11-76.56-72.47-73.08-73.89-74.69-69.51-70.4-71.58-72.62-68.01-69.48-70.71-72.32-58.8-60.03-62.09-64.34-50.7-51.94
Other Financing Activities
-0.74-0.7-22.31-20.85-5.06-31.72-30.47-3.531.188.78-23.11-12.651.95-17.58-23.45-27.47-6.06-60.24-22.53-22.96
Financing Cash Flow
-333.34-298.67-222.7696.84-289.66-724.78623.3-823.77277.37-382.35-423.85-494.38-371.03-464.12-447.61-466.62-564.6-673.46-491.91-374.74

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Net Cash Flow
360.8511.23-213.51-0.43312.42-728.87597.14-425.75185.23-209.38-361.56-364.52290.13-129.58-23.48207.92413.41-182.44-54.34148.17

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Free Cash Flow
696.19304.0910.3484.22556.9213.28-152.9-106.3138.5-36.61-19.09349.69555.34449.53507.46799.231,255837.71659.64519.36
Free Cash Flow Growth (YoY)
25.01%2189.86%--302.11%----75.06%---56.25%-55.75%-46.34%-23.07%53.89%201.53%170.21%--
Free Cash Flow Margin
10.70%4.99%0.20%1.91%11.54%0.29%-3.50%-2.74%3.19%-0.79%-0.41%8.26%12.11%8.85%10.37%16.56%22.20%13.48%11.84%9.78%
Free Cash Flow Per Share
4.852.100.070.583.770.09-1.01-0.700.90-0.23-0.122.153.342.662.944.546.914.463.412.61
Levered Free Cash Flow
513.23140.29-84.97-138.63317.5-125.69-162.58-180.81-73.38-66.161.06249.11484.92278.15362.01523.071,148642.55475.54158.52
Unlevered Free Cash Flow
537.82164.74-64.19-121.78325.98-114.83-155-171.7-62.71-58.218.54258.36496.43291.12376.07537.981,164658.59485.96166.23

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Cash Interest Paid
25.8167.152667.8925.6534.7428.4841.519.141.049.3341.949.8541.789.641.59.2141.119.1741.16
Cash Income Tax Paid
143.11231.064.491.3422.19124.753.7280.3181.74273.3228.39169.73160.18308.064.7196.49276.95580.459.95366.32
Change in Working Capital
-141.62-335.34-458.9-56.0426.37-184.75-227.9334.57300.77-177.37-360.83319.37406.99-175.94-33.32349.32475.29-316.29-406.24-612.24
SEC Filings: 10-K · 10-Q