Steel Dynamics (STLD) FY2022 results: revenue $22.3 billion, up 20.9% on the year
Steel Dynamics Inc. (STLD) reported revenue of $22.3 billion for fiscal 2022, the year ended 31 December 2022, up 20.9% on the year before. Net income was $3.9 billion, up 20.2%, and diluted earnings per share $20.92. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$22.3 billion
+20.9% on the year
FY2015FY2022
Operating margin
22.9%
23.4% a year earlier
FY2015FY2022
Net income
$3.9 billion
+20.2% on the year
FY2015FY2022
Diluted EPS
$20.92
+34.4% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,460
2,204
987
+102.4%
Capital expenditure
909
1,006
1,198
-9.7%
Free cash flow
3,552
1,198
-211
+196.5%
Free cash flow margin
16.0%
6.5%
-2.2%
Cash from investing
-1,879
-999
-993
Cash from financing
-2,197
-1,329
-7.0
Depreciation and amortisation
384
348
326
+10.5%
Share-based compensation
59.2
57.7
55.6
+2.6%
Buybacks
1,801
1,061
107
+69.8%
Dividends paid
237
213
209
+11.4%
Dividend per share
$1.36
$1.04
$1.00
+30.8%
Diluted shares, weighted
185m
207m
212m
-10.6%
Shares outstanding at period end
173m
195m
211m
-11.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
8,130
6,305
4,345
+29.0%
Non-controlling interest
-216
-196
-156
Redeemable equity
182
211
159
-14.1%
Debt
3,071
3,106
3,103
-1.1%
Operating lease liabilities
91.8
82.3
72.6
+11.6%
Other liabilities
2,902
3,023
1,742
-4.0%
Total liabilities and equity
14,160
12,531
9,266
+13.0%
Fixed assets
5,374
4,751
4,106
+13.1%
Goodwill
502
454
457
+10.6%
Intangible assets
268
295
325
-9.4%
Investments
628
n/a
0.0
Cash and equivalents
1,628
1,244
1,369
+30.9%
Receivables
1,976
1,911
968
+3.4%
Inventory
3,130
3,531
1,844
-11.4%
Other assets
654
344
198
+89.9%
Total assets
14,160
12,531
9,266
+13.0%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.