Nucor 2011 Annual Report Download - page 64

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63
Nucor’s segment results are as follows:
(in thousands)
Year Ended December 31, 2 011 2010 2009
Net sales to external customers:
Steel mills $13,960,245 $10,860,760 $ 7,159,512
Steel products 3,431,490 2,831,209 2,691,322
Raw materials 2,128,391 1,814,329 1,076,964
All other 503,438 338,329 262,498
$20,023,564 $15,844,627 $11,190,296
Intercompany sales:
Steel mills $ 2,405,590 $ 1,719,937 $ 1,027,167
Steel products 55,646 43,565 27,453
Raw materials 10,436,379 8,052,986 3,402,084
All other 24,869 8,616 10,888
Corporate/eliminations (12,922,484) (9,825,104) (4,467,592)
$ — $ — $ —
Depreciation expense:
Steel mills $ 371,984 $ 370,458 $ 357,722
Steel products 53,272 58,429 57,988
Raw materials 92,250 78,308 75,699
All other 56 90 105
Corporate 5,009 4,862 2,521
$ 522,571 $ 512,147 $ 494,035
Amortization expense:
Steel mills $ — $ 262 $ 400
Steel products 38,743 40,745 40,705
Raw materials 28,215 28,577 30,412
All other 871 871 871
Corporate — — —
$ 67,829 $ 70,455 $ 72,388
Earnings (loss) before income taxes
and noncontrolling interests:
Steel mills $ 1,703,933 $ 778,946 $ (350,372)
Steel products (60,282) (173,433) (112,800)
Raw materials 150,029 106,317 (76,965)
All other 4,296 4,344 (14,130)
Corporate/eliminations (546,164) (449,059) 140,289
$ 1,251,812 $ 267,115 $ (413,978)
Segment assets:
Steel mills $ 6,243,965 $ 5,969,846 $ 5,446,028
Steel products 2,903,281 2,835,812 2,707,678
Raw materials 2,916,226 2,710,544 2,417,649
All other 152,107 170,174 138,286
Corporate/eliminations 2,354,771 2,235,534 1,862,263
$14,570,350 $13,921,910 $12,571,904
Capital expenditures:
Steel mills $ 181,178 $ 186,236 $ 217,690
Steel products 20,918 21,321 37,601
Raw materials 245,337 125,536 113,000
All other 15 24 74
Corporate 3,179 12,177 22,135
$ 450,627 $ 345,294 $ 390,500