Nucor 2012 Annual Report Download

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2012
ANNUAL
REPORT
SOUPHONE PHOMMAVISET MARY D PIACINE MITCHELL D PIASECKI ANTHONY S PIATT FRANK S PIAZZA RAYMOND E PIAZZA RALPH A PICARELLO PETER M PICCIANO PETER F PICCOLO MARCEL W PICHE JAMES PICHOTTO
FRED J PICKELSIMER JAMES E PICKENS JEANETTE D PICKENS JERALD KEITH PICKENS KAREN PICKENS KERRY C PICKENS KEVIN R PICKENS RONALD N PICKENS BRAD D PICKERING STEVEN PICKERING TRAVIS J PICKERING
ALONZO PICKETT CHARLES PICKETT CHARLES E PICKETT ERIC W PICKETT GAYLA PICKETT GERALD ALLEN PICKETT JESSIE PICKETT JOSHUA A PICKETT SERA PICONE ALLEN PIDDINGTON MICHAEL J PIDLYPCHAK
RITA PIECH CHARLES PIEKANSKI NORMAN J PIEP DAVID PIEPER CLINTON L PIEPHO BRANDON PIERCE BRIAN K PIERCE BRIAN RUSSELL PIERCE BRYCE S PIERCE ELIZABETH VARA PIERCE GREGORY S PIERCE JEFFERY D PIERCE
JOHN PIERCE JOHN L PIERCE JOSEPH ALAN PIERCE KC PIERCE RYAN S PIERCE SHAWN PIERCE TRAVIS J PIERCE KENNY PIERRE LOUIS DAMARIS IMANYA PIERROTT BRENDA L PIERSON PAMELA E PIETRANCZYK DANNY L PIETT
JACLYN PIGNATIELLO BRIAN A PIGULA BRIAN W PIKE MATTHEW R PIKE REID PIKE RODNEY PIKE JOSEPH L PIKER JONATHAN DAVID PIKETT JOHN S PIKEY SAMUEL PIKEY STAN PILCH MARTIN PILCHER DAVID R PILGRIM
FRED A PILKINGTON TERRY A PILKINGTON DANIEL L PILLE TY J PINARD EVONDRA A PINCKNEY PRESTON M PINCKNEY SR THOMAS L PINCKNEY JAIRO L PINEDA JOSEPH PINEDA FERNANDO PINEDO REFUGIO PINEDO CUEVAS
JOSEPH V PINGET CHRISTOPHER C PINGREE CHRISTOPHER W PINKHAM DONNIEVEA PINKSTON JOSEPH E PINKSTON MARK H PINNEY GUILLERMO PINON JAIME PINON BRANDON M PINSON JUSTIN D PINT ANDREW A PINTO
DONALD F PIOTROWSKI ROBERT PIPER ROBERT G PIPER CHRISTOPHER G PIPKIN LUTHER F PIPPEN JAMES P PIPPINS JOSH T PIPPY LARRY J PISEL LARRY J PISEL JR TERRENCE I PISKORSKI BRIAN PITCHER DARREN PITCHER
MIKE J PITCHER ANDREW PITRE BRUCE I PITTMAN II CHRIS PITTMAN JAMES D PITTMAN JAMES DONALD PITTMAN JARRET PITTMAN JIMMY R PITTMAN KAREN R PITTMAN MATTHEW E PITTMAN MIRIAM H PITTMAN
RONALD LAVONNE PITTMAN SCOTT PITTMAN APRIL DANIELLE PITTS ERIC W PITTS VIRGILAN LYNN PITTS WILLIE J PITTS MIKE R PITZEL AUSTIN PITZER GERALD PITZER ROBERT A PITZER III MARY A PITZULO JORGE C PIZANO
MATTHEW PLAKU ADAM F PLANER ERIC S PLANER FREDERICK D PLANER JILL F PLANER SCOTT PLANEY OLIVER PLANTE ANGEL M PLASENCIA CHAD E PLASTERS VALERIE O PLATA THOMAS MICHAEL PLATKO CRYSTAL PLATT
FATMA COBAN PLATT JAMES PLATT BRADLEY V PLAYER ROBERT D PLAYER MICHAEL E PLEASANT JAMES E PLECKER ROBERT PLEDGE DION K PLESSINGER CHRISTOPHER PLETCHER JERRY L PLOTNER NORMAND R PLOURDE
MILTON C PLUMMER III TERRY PLUNK DANNY O PLUNKETT JASON M PLUNKETT ROGER D PLUNKETT MARK RANDALL PLYLER STEPHEN R PLYLER TIMOTHY POARCH PERRY POCHE CORY D POCHOP JEREMY D POCHOP
MATTHEW J POCHOP TRAVIS J PODANY DANA D PODLISKA SHANNON WAYNE POE TRACY L POE WILLIAM ALFRED POE KELLY POELLEIN AARON POELVOORDE JAMES L POFAHL DARRELL K POGUE SETH M POHLMAN
STEFAN POHLMAN CHRIS POINDEXTER JERRY D POINDEXTER KIECA A POINTDUJOUR ROBERT POIRIER JANE A POITRAS MARY L POLAK MARK D POLASKI DYANA L POLDERDYK ADAM B POLE ADAM POLING TIMOTHY POLIQUIN
GARY POLK TERRY D POLK JAMES POLLACK JAMES D POLLACK DON M POLLARD KENNY J POLLARD TIMOTHY POLLEY TONY L POLLEY DAVE L POLLITT WILLIAM L POLLOCK DALE E POLSON JOSEPH POLSON
JOSEPH POLSON JR SAMANTHA POLSTON ALVIN L POLT BRADLEY A POLT CRAIG R POLT DANIEL J POLT NATHAN A POLT NICOLE A POLT STEVEN J POLT MODESTINO O POLZELLA JR ALBERT CARSON POMEROY
DAVID L POMEROY JAMES F POMEROY JUDITH J POMO KEVON POMPEY MICHAEL D POMRANKEY THOMAS L PONCE JUAN PONCE DE LEON DONALD W PONCIANO TRACY POND CLARK J PONDER MICHAEL W PONDER
RANDY L PONDER STEPHEN W PONDER DHARMARAJY PONNUSAMY DENNIS P PONTON DAVID C POOL CINDY R POOLE DAVID POOLE JASON POOLE JOHNATHAN SHANE POOLE TERRY LEE POOLE JR DAVID MICAH POOLER
SONIA P POORAN ELIZABETH ANN POORE THAD N POORE CALVIN L POPE GERTRUDE A POPE LARRY POPE LLOYD HENRY POPE MEOUN F POPE MICHAEL L POPE VEDA JEAN POPPLETON SCOTT R PORATH ANDRE PORCHER
CLARENCE L PORCHER RODNEY L PORCHER NICHOLAS PORDON DINO PORRAZZO MARK S PORRITT MICHAEL W PORT VALLIE B PORT DUSTIN R PORTER GERALD PORTER JACOB H PORTER JAMES PORTER JAMES E PORTER
JEFFREY R PORTER KIMBERLY PORTER MEGAN PORTER PAUL PORTER JR ROBIN PORTER SONYA D PORTER JOHN WALTER PORTERFIELD GUADALUPE PORTILLO TORRES EDWARD M PORTUGAL JOHN LARRY PORTWOOD
ANDREW P POSANKA DAVID POSAS DAVID U POSER ANTHONY SCOTT POSEY ROBERT POSEY STANISLAW E POSLUSZNY RICHARD F POSPISIL AMY PILAND POSTON CHARLES O POSTON JR CLINT A POSTON JAMES M POSTON
JERRY E POSTON JONATHAN P POSTON MICHAEL POSTON MICHAEL H POSTON JR RONNIE W POSTON STANLEY D POSTON RICKY E POTEET HERMANUS J POTGIETER RYAN P POTIER BLAINE B POTTER CHAD MICHAEL POTTER
GARY D POTTER JOHN POTTER MARK D POTTER S TYLER POTTER TED R POTTER EDWARD J POTTERY JASON POTTS KIMBERLY POUDRIER EILEEN B POULOS JOHN T POULOS CLARK D POULSEN JOSHUA C POULSEN
MARK W POUNCEY KEVIN POUND CHRISTOPHER D POUNDS DANIEL C POUNDS MATHIEU POUPART-BRUNE MICHAEL J POUST ALFRED L POWELL ANGELA N POWELL ANTHONY D POWELL ASHLEY A POWELL BRIAN J POWELL
CINDY P POWELL DAVID C POWELL DOUGLAS M POWELL EDWARD D POWELL GEORGE C POWELL JR IAN M POWELL JAMES E POWELL JAMES G POWELL JAMES LEROY POWELL JANET E POWELL JAYSON POWELL
JEFF W POWELL JEREMY A POWELL JOHN POWELL MICHAEL POWELL NANNETTE S POWELL RICKY POWELL ROBERT POWELL ROBERT C POWELL ROBERT L POWELL ROGER A POWELL TIKEYLA L POWELL TONY M POWELL
WILSON T POWELL ANN M POWER DOUGLAS L POWERS EARL D POWERS ERNEST DEAN POWERS JEFFREY POWERS JEFFREY S POWERS LLOYD V POWERS ROBERT POWERS RUSSELL JAY POWERS DAVID POWLESS
RONALD L POWNALL AMY POYNTER WAYNE THOMAS POYTHRESS JOSEPH POZAS KANAGESH PRABHA P SELVARAJ PRADEEP ALVARO PRADO ROGERS PRADO DWIGHT A PRAEUNER DOUGLAS G PRAIRIE SINONG PRAK
RICHARD PRALL TIMOTHY K PRANG BRANDON H PRATER ERIC WARREN PRATER LELAND R PRATER MATTHEW A PRATER MITCHELL PRATER JOHN PRATT LARRY PRATT RONALD L PRATT STEVEN L PRATT BRANDON D PRAUNER
CARLOS PRECIADO SILVA ENRIQUE PRECIADO SILVA ENRIQUE PRECIADO SILVA JOSE A PRECIADO SILVA JOSE A PRECIADO SILVA RAFAEL PRECIADO SILVA PAUL M PRECOUR ERIC PREE MICHELLE M PREISTER LINDA M PRENTICE
MARK T PRENTICE JOHNNY B PRESCOTT JR WILLIAM E PRESCOTT III BILLY P PRESLEY JR BRUCE PRESLEY CHARLES M PRESLEY DARRELL G PRESLEY DUJUAN PRESLEY EDWARD W PRESNAR LAURA PRESSEAU
STEVEN W PRESSLEY JOHN L PRESSLY SHELBY PRESSON HAYDEN S PRESTON JR MATTHEW W PRESTON MICHAEL A PRESTON TIMOTHY M PRESTON JENNIFER L PRESTRIDGE CHRISTOPHER C PRESTWOOD EUGENE B PRETORIUS
JACOB TAYLOR PREVITT DONALD K PREVOST AARON M PRICE CASSANDRA PRICE CHARLES ALLEN PRICE CHRISTOPHER K PRICE DANIEL STEPHEN PRICE GENE ALLEN PRICE JAMIE M PRICE JASON A PRICE JOSHUAH PRICE
LAURENE PRICE MARTIN PRICE MATTHEW PRICE MELISA PRICE MELISSA PRICE MELVIN M PRICE JR PHILLIP PRICE SAMUEL LAMAR PRICE PEGGY S PRIDMORE JASON M PRIEBE DEBORAH PRIEST TIMOTHY R PRIEST
GEORGE PRIETO BRANT S PRIGGE MICHAEL PRIGNANO THOMAS M PRIM CHANCY PRIMAS STEVE D PRINCE SANDRO E PRINCIPATO BRANDI ANN PRINE TIMOTHY ALLEN PRINTZ CHAD D PRIOR RYAN PRISQUE
HEATHER R PRITCHARD JOSHUA PAUL PRITCHARD KENNETH G PRITCHARD II RAYMOND K PRITCHARD RON PRITCHARD PATRICK E PRITCHER ANTONIO D PRITCHETT WILLIAM DAVID PRITCHETT COREY D PRIVETT
GREGORY PRIVETT BOBBY D PRIVETTE R PRIYADHARSHINI ARJIN PROBALL JUSTIN PROBST TIMOTHY W PROCK ADAM A PROCTOR HARRY PROCTOR JOSHUA D PROCTOR SCOTTY R PROCTOR SHARON PROCTOR
WILLIAM J PROFFIT TERRY PROFFITT WYATT R PROFILI ROBERT M PROIA ERNIE PROKOP MARJORIE PRONSCHINSKE MICHAEL W PROPER RAY PROPER DANIEL PROPHATER RONALD S PROSKINE RUTH H PROSSER
BOB PROUDFOOT CLINTON PROUGH JASON PROULX NADINE PROULX NICOLE L PROULX TRAVIS PROULX RONALD J PROVINES TIMOTHY J PRUEHER GARY A PRUETT JASON D PRUETT MELISSA PRUITT NATALIE M PRUITT
ROBERT PRUITT ROBERT L PRUITT ROBERT WAYNE PRUITT JR SHERRICK S PRUNTY CRAIG A PRY BILLY E PRYOR MICHAEL W PRYOR HENRY G PRZEKORA JEREMY D PRZEKORA GWENDOLYN L PTAK MARK W PTAK
JEREMY PUCKETT KEVIN PUCKETT PAUL E PUFFER MICHAEL L PUGACH DEBORAH A PUGH JASON M PUGH WILLIAM D PUGH GREGORY D PUGLIESE SEPPO PUIKKONEN PEDRO PULIDO CHARLES M PULLEN DONALD PULLEN
STEVEN PULS JAQUETTA PUNCH MINDY PURCELL JOHN J PURDY KRISTOPHER W PURDY EDDIE PURIFOY MICHELE L PURKEY MARCELLO PURNELL SHAWN C PURPLE S LANCE PURSER SHOBANA PURUSHOTHAMAN
CHARLES A PURVIS EDWARD PUSEY BENJAMIN L PUTERBAUGH TIMOTHY J PUTJENTER BARRIE WADE PUTMAN BETH PUTNAM HEIDI H PUTNAM KRISTY M PUTNAM TERRY PUTNAM JOEL W PUTTERS C IRVING PYLATE JR
DONALD J PYLE JASON C PYLE RAYMOND PYNTEN JUSTIN PYUN AMILYNN QUALLS PAUL N QUALLS TIMOTHY W QUALLS NICHOLAS R QUARLES JACOB QUARVE MICHAEL QUARVE PHILIP R QUATRINO II CHRISTOPHER G QUATTRO
KADE J QUAYLE DANNY C QUEARRY DAVID L QUEARRY SCOTT M QUERRY K REX QUERY SILAS L QUERY ROBERT A QUEST RICHARD QUEZADA BRIAN E QUICK CHAD C QUICK CHRISTOPHER A QUICK MIKE EDWIN QUICK
SCOTT E QUICK BETH QUIGLEY KENT G QUIGLEY KIM QUIGLEY NICHOLAS J QUILLAN DENNIS J QUIMBY PATRICK M QUINEY RICHARD QUINLAN ANTHONY QUINN DOUGLAS R QUINN JOHNNY B QUINN TIM QUINN
TIMOTHY J QUINN GARY L QUINNETTE JUAN QUINOA EDUARDO T QUINONES ROBERT W QUINT JUAN PEDRO QUINTANA OMAR ALEJANDRO QUINTANILLA EDWIN P QUINTERO RAYMUNDO QUINTERO LIRA
MARIBEL E QUIRALTE CAMPERO FATIMA QUIRALTE RODRIGUEZ JOSE QUIROZ JUAN L QUIROZ BRIAN J RAABE KEVIN D RAATZ RYAN S RABE GARY WAYNE RABEY MICHAEL RABON RONALD G RABON AARON RACETTE
MICHAEL RACETTE CRAIG D RACEY RACHAEL L RACINE ZACHARY D RACKERS RICK RACKHAM LAURA RACKOWSKI NORMAN W RACY II FRED RADABAUGH JOHN J RADFORD KENNETH RADFORD MELVIN L RADKE
DALE RADOMSKE DANILO J RADRIGAN ADRIAN RADULESCU SEAN A RAE COLTON RAEDEL ROBERT L RAEDEL CHRISTOPHER RAFFANTI DARRELL F RAGLAND JERRELL D RAGLAND JAMAL RAHAMAN JENNIFER B RAHN
BHARATH RAI DAVID LEE RAINES JEWETT D RAINES ANDREW F RAINEY EDDIE RAINEY EMMETT GLENN RAINS JOE COREY RAINS DANA M RAINVILLE SHAWN RAINVILLE YVON A RAINVILLE TIMOTHY A RAITH CURTIS RAITHEL
REYMOND X RAJ NATESAN RAJA GOPI RAJAGOPAL ESWARLAL RAJAN JEEWANA T RAJAPAKSA HARSHA RAJAPAKSHA SREEMATHI RAJENDRAPRASAD ARULPRAKASH RAJENDREN JOHN RAKOS CHRISTOPHER F RALEY
PAUL ANTHONY RALEY SUJATHA RAMACHANDRAN K RAMALINGAM RAMKUMAR RAMASAMY ANIRUDH RAMBADHAN MIGUEL RAMCHARAN RICHARD RAMCZYK CHRISTOPHER W RAMER DARIN D RAMER ABINAYA RAMESH
VASANTHA PREETHA RAMESH PATRICK W RAMEY SLOBODAN RAMIC ALEJANDRO RAMIREZ BULMARO E RAMIREZ JR DANIEL P RAMIREZ DAVID RAMIREZ DIANA A RAMIREZ FRANCISCO RAMIREZ GERARDO RAMIREZ
JAVIER RAMIREZ JESUS S RAMIREZ JOEL O RAMIREZ JORGE RAMIREZ MANUEL M RAMIREZ MANUEL RAMIREZ MARCO A RAMIREZ NAPOLEON RAMIREZ NICOLAS RAMIREZ PAMELA RAMIREZ PASCUAL RAMIREZ
ROGELIO RAMIREZ RUBEN RAMIREZ SALVADOR F RAMIREZ VICTOR H RAMIREZ JESUS RAMIREZ ALVAREZ LUIS RAMIREZ-BANDA JUAN M RAMIREZ-BAUTISTA DURBHJAN RAMJAG ANTHONY RAMJEWAN RONALD RAMKEESOON
DENNIS RAMKISSOON MARK BRIAN RAMKISSOON SAMUEL RAMLAGAN RODNEY RAMNARINE SUNEAL RAMNATH CRISTOBAL RAMON AGUSTIN RAMOS CANDIDO RAMOS EDWIN RAMOS ERIC L RAMOS FELIPE RAMOS
HECTOR RAMOS JOSEPH RAMOS MARTIN RAMOS RAMON RAMOS VLADIMIR RAMOS CLIVE RAMPAUL SANDRA RAMPERSAD SHOBHA RAMPERSAD GREGORY RAMPTON JOEL J RAMPULLA ODITH RAMRUCH RYAN RAMSAWAK
KRISTOPHER R RAMSDELL MITCH RAMSDELL REO T RAMSDELL RICK D RAMSDELL CHERYL CHARNELLE RAMSEY HOLLY RAMSEY JAMES RAMSEY JASON RAMSEY KAREN DIANE RAMSEY MARK RAMSEY TRAVIS RAMSEY
SUNEETHA RANASINGHE DENISE M RAND JOSH L RANDAHL STEPHEN RANDALL WILLIAM D RANDALL ROB RANDE ALFREDO RANDLE DAVID RANDLE KIRK B RANDLE ROBERT A RANDLE CHAD M RANDLES MICHAEL A RANDLES
JAMES M RANDOLPH MARK E RANDOLPH ROBERT ROY RANDOLPH SEAN H RANDOLPH BENJAMIN MICHAEL RANES CAROL A RANES CHRISTOPHER E RANES SILAS RANEY AARON A RANGEL RUDOLPH J RANGEL
MITCH RANGER JAMES L RANK THERESA MARIE RANKIN CHAD RANSBOTTOM KEITH L RANSEN OWEN RANTA-OJALA CLAYTON D RANTON MICHAEL A RANUCCI ANANDAKRISHNAN P RANVIAN BALAJI S RAO SITHARAMA RAO
SRINIVAS K RAO JOSHUA SHAUN RAPER ADAM C RAPERT JENNIFER H RAPIER JOSHUA E RAPIER MARIO RAPOSO JAMES R RAPPOLEE PHILIP J RARDON RICHARD A RARICK GABRIEL RASCON AARON RASMUSSEN
GREGORY S RASMUSSEN RUSSELL E RASMUSSEN TERRY L RASMUSSEN THOMAS L RASMUSSEN DARRICK T RATCLIFF RODGERS RATCLIFF TERRY RATH JOHN RATHBONE JOHNMARK RATLIFF JOHNNY RATLIFF
FRANKIE JAMES RATLIFF ZAMORA DAVID RATTINER MATHEW RATTRAY CHRISTOPHER P RATZLAFF VALERIE RAU LORI A RAUCH TIMOTHY JAMES RAUCH JOHNNY WADE RAULERSON JR JUSTIN RAVENBURG JACOB RAVENELL JR
RICKY RAVENELL SHAWN D RAVENELL SAKTHI K RAVINDRAN JASON DANIEL RAWL ALDO TERRELL RAWLINSON BRAXTON L RAWLINSON KYLLEN RAWLINSON GEOFFREY O RAWLS DALE RAWLUK AMON RAY CHRISTOPHER J RAY
DAVID GORDON RAY DEREK L RAY GEORGE E RAY HAROLD RAY JAMES C RAY II JASON D RAY JOSHUA K RAY KEVIN D RAY MARK A RAY QUENTON A RAY ROWAN RAY JR SAMUEL G RAY ERIC R RAYBURN GENE D RAYBURN
ROBERT LEE RAYBURN DAVID RAYFIELD ELIZABETH R RAYLE DARREN RAYMOND RODNEY LEE RAYMOND JOSHUA RAYNOR JOSE D RAYO MARK A RAZER BRUCE D REA FRANKIE R READ JR JOHNATHAN K READ JOSHUA READ
DOUGLAS M READER DAVID V READING LARS G REAFLER IDA REAGAN LYNDA REAGAN DONNA L REAMS GENE ALLEN REAMS JACKIE REAMS II NATHAN REAP THOMAS L REASONS KYLE L REATH GERALD J REAUME
DAVID G REAVES RICHARD K REAVES MARTIN D REBBEC DEBBIE L REBENSDORF MATTHEW MARCUS REBSTOCK SHANE RECE NICHOLAS R RECINDUS JACOB ANDREW RECKNER PHILIP C RECORD FRANK A RECTOR SR
MATTHEW CALEB REDDEN RYAN G REDDEN STEPHEN REDDEN DEVAIL A REDDIN KENNETH REDDING TIMOTHY W REDENBAUGH THOMAS L REDIGER JASON CHRISTOPHER REDMAN DAVID REDMON NEAL W REDMON
SCOTT REDMON PAUL J REDMOND ALAN C REED ARTHUR B REED BRETT L REED C SHANE REED CHARLES D REED JR CHRISTOPHER E REED DAVID G REED DEQUARIS REED DONNIE REED GERRIT E REED JARED REED
JASON REED JED REED JESSE L REED JR JOHN REED KEVIN M REED LISA JEAN REED MARK REED MARTY J REED MICHAEL D REED MICHAEL F REED RANDALL L REED RHONDA LEIGH REED ROBERT A REED ROBERT S REED
TIMOTHY D REED GUY REEDER PATRICIA REEDER TERRY E REEDER JR TJ LEWIS REEDER DAVID L REEDY CHARLES LAWRENCE REEP JR STEVEN M REEPS H BRADLEY REES DARRYL D REESE GLEAMA REESE JACOB I REESE
JEFFREY W REESE STEVEN REESE TIMOTHY L REESE WALTER L REESE ANTHONY L REEVES COLBY M REEVES DAVID J REEVES JACKIE D REEVES JEFF REEVES RICK REEVES ROBERT THOMAS REEVES ROBERT V REEVES JR
STEFANIE L REEVES TIMOTHY J REEVES ZACHARY BRITT REEVES JERRY L REFNER AARON A REGALADO JEFFERY T REGEL KENNETH L REGLIN MANDEEP REHAAN CHRISTOPHER REIBEL DARCY R REICHERT MICHAEL K REICK
BRADLEY LANCE REID BRANDON REID BRYAN F REID DENNIS C REID DOUGLAS REID ERICK REID JERARD REID JOHN H REID KENNETH REID ROBERT P REID TERESA J REID WILLIAM V REID SCOTT A REIDT DAVID A REIFENRATH
SHELBY REIFSTECK TERRY L REIGLE RONALD D REILAND LINDSEY BROOK REIMANN LISA M REIMERT ERIC A REINER JOEY A REINER APRIL REINHARDT SCOTT REINHARDT DAVID M REINHART JOSEPH P REINHART
LUCAS REINHART KEITH A REINIG KEVIN REINIG MICHAEL D REINKEN NICHOLAS J REINOEHL PHILIP C REINOEHL TODD E REINOEHL JOHN A REISE KYLE N REISENWEBER CLINT O REISNER JERRY REISNER LUKE A REISNER
BRUCE D REISSER NOAH REISSMANN WAYNE E REISSMANN TAMI R REITH ADRIAN REJMINIAK DANIEL P REKIETA DAVID REKIETA RAYMOND F REKIETA REGINALD C REKIETA JENNIFER M RELYEA BROOKS REMP
CRYSTLE-LYNN RENDON CORY RENFRO CECIL M RENFROE CHRIS RENFROE GARY RENFROW SAKTHIVEL RENGANATHAN SENTHILKUMAR RENGANATHAN JORDEN A RENKAS JACQUELINE RENN JOSH RENNEBOOG
MICHAEL RENNINGER KENNETH R RENO R SCOTT RENO SEBASTIEN RENOUX JOHN M RENSHAW DONALD D RENTER MIGUEL RENTERIA MICHAEL R REPP CHRISTOPHER L REQUA JOSE REQUENA MOISES REQUENA
REYNALDO R REQUENA CHRISTOPHER L RESENDES LEOPOLDO RESENDIZ-RAMIREZ JOSEPH T RESSEGER KATHLEEN M RETHWISCH DANA RETIEFFE JOSE RETIZ CALVIN RETMAN ROGER MERRILL RETTIG IV CALVIN S RETZLAFF
SHAWN E REUM ELVIN EUGENE REUTER CHARLES W REVELL SR COLIE REVELL JR GUY S REVELL JAMES R REVELL SR ALLEN REVELLE JOHN REVELS MARLIN R REVERTS DAVID REXRODE JR RICHARD REYER BASILIO REYES
CORNELIO REYES GABRIEL G REYES ISAIAS REYES JAVIER G REYES JESUS V REYES JOHNNY R REYES JOSE J REYES LEVY REYES MARK REYES PAUL A REYES ROQUE LUIS REYES SANCHO REYES OCTAVIO REYES-GARCIA
DAVE REYES-NEAL MANUEL REYNA SR MARCOS REYNA ANTHONY REYNOLDS BENJAMIN REYNOLDS BRIAN L REYNOLDS CANDY REYNOLDS CHRISTOPHER REYNOLDS DANIEL L REYNOLDS DARIN L REYNOLDS
DAVID L REYNOLDS DEVIN D REYNOLDS DOUGLAS J REYNOLDS GREGORY D REYNOLDS JERREL W REYNOLDS JODY L REYNOLDS KEVIN LEE REYNOLDS LUKE A REYNOLDS MARK P REYNOLDS MARTIN H REYNOLDS
RAYMOND REYNOLDS JR SCOTT T REYNOLDS STEPHEN D REYNOLDS STEPHEN MICHAEL REYNOLDS STEVEN E REYNOLDS THOMAS R REYNOLDS FERNANDO REYNOSO JOSE A REYNOSO MARTIN RHEA JOSHUA J RHEAD
JEFFREY L RHINE MIKE RHOADES GARY WAYNE RHOADS KEON J RHODAN BILLY D RHODEN CHARLES L RHODEN CAROL L RHODES CLYDE RHODES DAPHNE D RHODES DEBORAH ANN RHODES DEREK RHODES GARY M RHODES
IRENE C RHODES JIMMY W RHODES JUSTIN D RHODES KENNY L RHODES KIMBERLY WEBB RHODES MICHAEL A RHODES MICHAEL J RHODES ROCKY WAYNE RHODES SCOTT RHODES SHELBY D RHODES TUNISIA RHODES
BRANDON E RHONEHOUSE NATHAN E RHONEHOUSE ROGER D RHONEHOUSE BARRY RHYMES JOHN RICCHIARDI ENZO RICCIO CHRISTOPHER D RICE CLINT RICE DAVID E RICE DOUGLAS E RICE DWIGHT R RICE MATTHEW RICE
PAUL D RICE JR RYAN D RICE THOMAS H RICE III WILLIAM JOSEPH RICE WILLIAM S RICE AUSTIN C RICH BARBARA RICH CHARLES RICH KRYSTAL A RICH MELISSA RICH MICHELE R RICH REX L RICH REX LAMONT RICH
TIMMY RICH TYLER D RICH CHARLES K RICHARD TIMOTHY P RICHARD BRIAN RICHARDS DENISE RICHARDS JEANINE W RICHARDS JEFFERY A RICHARDS JERRY RICHARDS JOHN DAVID RICHARDS PETER C RICHARDS
ANNA M RICHARDSON BRETT A RICHARDSON CHAD N RICHARDSON CONEAL J RICHARDSON DAVIAN RICHARDSON DAVID RICHARDSON DAVID J RICHARDSON JR DEVIN RICHARDSON EDWARD W RICHARDSON
ELLA L RICHARDSON EREK P RICHARDSON ERIC E RICHARDSON GEORGE LARRY RICHARDSON GRANT B RICHARDSON GREIG RICHARDSON JAMES A RICHARDSON JEFFREY B RICHARDSON JOHN P RICHARDSON
JONATHAN R RICHARDSON KYLE J RICHARDSON MARLON RICHARDSON MARY N RICHARDSON MAURICE RICHARDSON MICHAEL E RICHARDSON NEDRA COLETTE RICHARDSON PATRICK R RICHARDSON PAULA A RICHARDSON
ROBERT WARREN RICHARDSON STEPHEN W RICHARDSON TED L RICHARDSON TERRY M RICHARDSON TIMOTHY JAMES RICHARDSON TROY RICHARDSON WADE CLAYTON RICHARDSON WALTER RICHARDSON
WILLIE J RICHARDSON NICHOLAS RICHARD-VALOIS LEROY J RICHART SHAD L RICHART WILLIAM L RICHERZHAGEN RUSSELL RICHESON JERRY L RICHEY JOHN BRITTON RICHEY LEONARD RICHEY WESLEY R RICHEY
GERALD RICHIE DARVEL G RICHMAN JEREMY A RICHMAN FREDRICK RICHMOND GARY RICHMOND JENNIFER RICHMOND BRIAN L RICHTER TIFFANY M RICHTER RANDY ROY RICKARD KURT R RICKENBACH CORY RICKETTS
ROGER RICKETTS JOEL S RICKEY KENNETH RICKMAN BILLY J RICKS GRADY CHADWICK RICKS JOHN E RICKS LAURA RIDDELL ROBERT RIDDELL BRIAN KEVIN RIDDICK JAMES R RIDDICK PATRICK L RIDDICK
WILLIAM C RIDDICK JR CAMERON L RIDDLE LARRY D RIDDLE TIM RIDDLE C P RIDENHOUR GEOFFREY RIDENOUR ADAM R RIDER JOSEPH M RIDER RUEY JENNIFER RIDER KYLE B RIDGE SCOTT C RIDGEWAY EDDIE P RIDINGS
JOHN WESLEY RIDINGS SCOTT RIECK CRAIG S RIEDEL JAYSON A RIEDEL DEBRA RIEDY CHRISTOPHER R RIEGER REBECCA RIEHLE ANTHONY RIEK RUSSEL H RIEMER DOUGLAS P RIESBERG MARY RIESBERRY DOUGLAS D RIFE
GREGORY RIFFELL GARY K RIFFLE JR JEFFREY L RIFFLE REID RIGBY GARY A RIGGS JASON RIGGS KEVIN LEE RIGGS LYLE RIGGS MICHAEL K RIGGS MURRAY K RIGGS RAY A RIGNEY MALCOM R RIKER BRANDY M RILEY
CHAD C RILEY CHRISTOPHER M RILEY DONALD L RILEY JACKIE RILEY JUDITH L RILEY MINCESE KERTIS RILEY SCOTT J RILEY WILLARD E RIMBEY RHETT W RINACA ROBERT RINARD ART RINBOLT MIGUEL A RINCON-GONZALEZ
GLENN E RINEHART KATHY RINEHART MITCHELL RINEHART RUSS A RINEHART ZACHARY W RINEHART REBECCA RINEY TROY RING FERJERALD R RINGER CLAYTON RINGROSE JAMES W RINICKER CLINTON T RINKLE
ARTURO M RIOS GUSTAVO RIOS MICHAEL A RIOS NILDA RIOS ANTHONY RIOUX GEORGE C RIPLEY JEFF RISDILL PAUL A RISING ALLEN J RISINGER DANIEL J RISINGER MARK A RISINGER NICHOLAS B RISNER RICHARD T RISNER
MAX R RISSER RYAN T RISTAU DANIEL THOMAS RISTON GEORGE A RITCH DANIEL M RITCHEY BILL RITCHIE JEREMIAH S RITCHIE JENNIFER RITTALL WILLIAM H RITTER ANTONIO C RIVAS JR HILMAR RIVAS JESSE A RIVAS
MICHELLE RIVAS OSCAR RIVAS THOMAS E RIVAS MARLON RIVAS CASTRO JESSE T RIVENBARK ALLAN O RIVERA ANTHONY RIVERA ARNULFO RIVERA BARBARA RIVERA BILLY J RIVERA CATALINA RIVERA DIEGO RIVERA
ELIEZER RIVERA ELMER A RIVERA ERIK RIVERA JASON P RIVERA JEOVANNI RIVERA JOSE A RIVERA LUIGUI RIVERA LUIS E RIVERA MANUEL E RIVERA MARCO A RIVERA MARISA RIVERA WILLIAM RIVERA CARLOS RIVERA BELTRAN
JOSE RIVERA REYES PEDRO RIVERA-NUNEZ RAFAEL RIVERA-RAMOS AUSTIN W RIVERS JACQUELYN RIVERS JOHN A RIVERS SCOTT A RIVERS ANDRE RIVEST DIANE M RIX GILBERT P RIZO SR BALTAZAR RIZZO SALVATORE RIZZO
DAMON ROACH DANIEL D ROACH MICHAEL ROACH SCOTT ROACH FLOYD MICHAEL ROACHE ADAM ROARK DAVID B ROARK JANET D ROARK K DOUGLAS ROARK KEVAN MICHAEL ROARK MATTHEW HOWARD ROARK
CHARLES R ROARKS EVAN ROBB LARRY R ROBBINS MARK ALLAN ROBBINS PATSY SHAVER ROBBINS ROBERT D ROBBINS VERL R ROBBINS TAMI K ROBBINS-RIGUS BOBBY ROBERSON ERNEST A ROBERSON
HERBERT A ROBERSON JEFFERY S ROBERSON JEREMY E ROBERSON LEONARD JASON ROBERSON MARVIN LARONE ROBERSON MICHELLE ROBERSON RURAL ROBERSON WILLIAM C ROBERSON WILLIAM E ROBERSON
STUART L ROBERT AMANDA ROBERTS BARRY ROBERTS BOBBY C ROBERTS CARY F ROBERTS CHARLES A ROBERTS CHRISTOPHER A ROBERTS CODY B ROBERTS DANIEL ROBERTS DANIEL B ROBERTS DANNY ROBERTS JR
DARREN D ROBERTS DAVID G ROBERTS DONANNA J ROBERTS DONOVAN R ROBERTS EVAN ROBERTS GARY WAYNE ROBERTS GEORGE J ROBERTS HEATHER ROBERTS HENRY ROBERTS JAMES H ROBERTS JAMES M ROBERTS
JASON ROBERTS JOHN ALLAN ROBERTS JOSEPH ANDREW ROBERTS JOSH D ROBERTS KATHRYN ROBERTS KEISHA ROBERTS LARRY CHUCK ROBERTS LARRY EUGENE ROBERTS LISA ROBERTS MARK L ROBERTS
MATTHEW D ROBERTS MICHAEL RAY ROBERTS MICHAEL S ROBERTS MICHAEL W ROBERTS NATHANIEL ROBERTS PATRICK D ROBERTS PAUL D ROBERTS RAYMOND BRIAN ROBERTS RONNIE A ROBERTS RUSSELL T ROBERTS
SHELDON ROBERTS TIMOTHY S ROBERTS TREVOR ROBERTS BEVERLY S ROBERTSON CHARLES D ROBERTSON CLIFFORD M ROBERTSON JR COLLEN W ROBERTSON DARRELL JEFFERY ROBERTSON DENNIS L ROBERTSON
EDWARD ROBERTSON JOHN H ROBERTSON JOHN MARCUS ROBERTSON JUSTIN LEE ROBERTSON KENNETH ROBERTSON LORENZO J ROBERTSON MARTIN DARIAN ROBERTSON MICHAEL ROBERTSON MICHAEL C ROBERTSON
MICHAEL T ROBERTSON RANDY L ROBERTSON REID ROBERTSON RICHARD ROBERTSON WARREN SCOTT ROBERTSON RUSSELL E ROBILLARD SONY ROBILLARD TERRY ROBILLARD KEVIN W ROBINETT REED ROBINETT

Table of contents

  • Page 1
    ... BRETT A RICHARDSON CHAD N RICHARDSON CONEAL J RICHARDSON DAVIAN RICHARDSON DAVID RICHARDSON DAVID J RICHARDSON JR DEVIN RICHARDSON EDWARD W RICHARDSON ELLA L RICHARDSON EREK P RICHARDSON ERIC E RICHARDSON GEORGE LARRY RICHARDSON GRANT B RICHARDSON GREIG RICHARDSON JAMES A RICHARDSON JEFFREY...

  • Page 2
    ...Operations Review: Steel Mills Segment Steel Mill Facilities and a Structural Steel Foundation Distributor Steel Joint Ventures Steel Products Segment Reinforcing Products Steel Mesh, Grating and Fasteners Vulcraft/Verco Group Buildings Group Cold Finish Raw Materials Segment Management's Discussion...

  • Page 3
    ...cash acquired) Sales per employee AT YEAR END Working capital Property, plant and equipment, net Long-term debt (including current maturities) Total Nucor stockholders' equity Per share Shares outstanding Employees (dollar and share amounts in thousands, except per share data) 2012 2011 % CHANGE...

  • Page 4
    ... value-added products in our product mix, providing higher profit margins and more stable pricing during slow periods. We have invested billions of dollars over the past 12 years in vacuum tank degassers, galvanizing lines, heat treat lines, special bar quality production and direct reduced iron...

  • Page 5
    ... of Nucor's business model. Standard & Poor's, in its January 16, 2013, quarterly report entitled "U.S. Metals and Mining Companies, Strongest to Weakest," again ranked Nucor #1 for credit rating and credit outlook among a universe of 67 companies. Nucor was the only steel company in the group that...

  • Page 6
    ...rod production capabilities. This investment includes a number of projects at our Tennessee, Nebraska and South Carolina bar mills that will add a combined one million tons of SBQ and wire rod capacity and increase our mix of the most demanding engineered bar applications. As an added benefit, Nucor...

  • Page 7
    ... largest recycler in North America. We hope that soon everyone will recognize that "green steel" is Nucor steel. Our entire team remains committed to taking care of our customers by being the safest, highest quality, lowest cost, most productive, and most profitable steel and steel products company...

  • Page 8
    ... set of experiences, having served as general manager, executive vice present, leader of Nucor's steelmaking operations and chief operating officer before taking over as CEO. The board looks forward to working with John and continuing our robust succession planning process in the coming years. The...

  • Page 9
    ... AND A STRUCTURAL STEEL FOUNDATION DISTRIBUTOR Nucor operates 23 scrap-based steel production mills and is North America's largest recycler. BAR MILLS SHEET MILLS CASTRIP SHEET MILLS BEAM MILLS PLATE MILLS SKYLINE FACILITY SKYLINE HEADQUARTERS ASTRALLOY FACILITY NUCOR CORPORATE OFFICE

  • Page 10
    ..., pilings and heavy structural steel products for fabricators, construction companies, manufacturers and steel service centers. Nucor owns a 51% interest in the Nucor-Yamato Steel Company (Nucor-Yamato) located in Blytheville, Arkansas. Nucor also owns a steel beam mill in Berkeley, South Carolina...

  • Page 11
    ... customers increased slightly from 16,796,000 tons in 2011 to 16,825,000 tons in 2012. Our steel mill customers are primarily manufacturers, steel service centers and fabricators. The sheet mills continue to build long-term relationships with contract customers who purchase more value-added products...

  • Page 12
    ... manage its supply needs. INTERNATIONAL STEEL MILL JOINT VENTURE In 2008, Nucor acquired 50% of the stock of Duferdofin Nucor S.r.l., which operates a melt shop and bloom/billet caster in Brescia, Italy with an annual capacity of 1,000,000 metric tons. The joint venture operates two beam rolling...

  • Page 13
    12 STEEL PRODUCTS SEGMENT REINFORCING PRODUCTS BUILDINGS GROUP VULCRAFT & VERCO COLD FINISH STEEL MESH, GRATING & FASTENERS HARRIS CORPORATE OFFICE NUCOR CORPORATE OFFICE

  • Page 14
    ...in 2012. GRATING Fisher & Ludlow, an operation of Harris Steel, fabricates steel and aluminum bar grating, safety grating and expanded metal products at facilities located in North America. Fisher & Ludlow serves the new construction and maintenance-related markets with annual production capacity of...

  • Page 15
    ... nine deck plants located throughout the United States. Six of these plants are adjacent to Vulcraft joist facilities. The current annual deck production capacity is approximately 530,000 tons. In 2012, steel deck sales decreased 1% to 308,000 tons, compared with 312,000 tons in 2011. Material costs...

  • Page 16
    15 625 500 500 400 375 300 250 200 thousands of tons 125 thousands of tons 100 year 03 04 05 06 07 08 09 10 11 12 year 03 04 05 06 07 08 09 10 11 12 STEEL JOIST PRODUCTION STEEL DECK SALES

  • Page 17
    ... Systems, American Buildings Company, Kirby Building Systems, Gulf States Manufacturers and CBC Steel Buildings. In total, the Nucor Buildings Group currently has eleven metal buildings plants with an annual capacity of approximately 465,000 tons. The Buildings Group sales were 274,000 tons in 2012...

  • Page 18
    .... OPERATIONS Nucor Cold Finish is the largest producer of cold finished bars in North America and has facilities in Missouri, Nebraska, South Carolina, Utah, Wisconsin and Ontario, Canada. The Missouri facility operates as Nucor LMP and the Canadian facilities are a part of Harris Steel and operate...

  • Page 19
    ...'s single largest cost. Nucor continues to execute on a significant raw materials investment strategy focused on reducing the cost structure of our steelmaking operations and achieving greater control over our key steel mill metallic inputs. TRINIDAD SCR AP PROCESSING BROK ER AGE OFFICES* DRI PL...

  • Page 20
    ...currently constructing a DRI plant in St. James Parish, Louisiana. Construction-related activities on this project continue, and start-up is currently scheduled for mid-2013. With an annual capacity of 2,500,000 metric tons, this DRI facility is the first step of a multi-phase site development plan...

  • Page 21
    ... increase in capital spending on these types of construction projects. Artificially cheap exports by some of our major foreign competitors to the United States and elsewhere reduce our net sales and adversely impact our financial results. Direct steel imports in 2012 accounted for a 24% share...

  • Page 22
    ... in supply and demand, advances in drilling technology and, increasingly, by changes in public policy relating to energy production and use. Proposed regulation of greenhouse gas emissions from new and refurbished power plants could increase our cost of electricity in future years, particularly if...

  • Page 23
    ... past. In such times, our incentive-based pay system reduces our payroll costs, both hourly and salary, which helps to offset lower selling prices. Our pay-for-performance system that is closely tied to our levels of production also allows us to keep our work force intact and to continue operating...

  • Page 24
    ... 2,128,391 503,438 $20,023,564 % Change -5% 9% -10% -8% -3% Net sales for 2012 decreased 3% from the prior year. The average sales price per ton decreased 3% from $869 in 2011 to $841 in 2012, while total tons shipped to outside customers only slightly increased. 1,000 25,000 800 20,000 600...

  • Page 25
    ...'s distribution business caused an increase in average selling prices for structural products. Acquired on June 20, 2012, Skyline has higher average sales prices for its products because of the value-added functions it provides to its customers. Manufactured goods, including automotive, energy and...

  • Page 26
    ...each quarter of 2012 for all of the products within our steel mills segment except for structural. The decrease in sales prices and the resulting decrease in metal margins is primarily the result of new domestic suppliers and very high import levels 450 in 2012 that increased from 2011 levels. Scrap...

  • Page 27
    ... related to the Duferdofin Nucor joint venture's Italian net operating loss carryforward. This valuation allowance was reversed in the fourth quarter of 2011 as a result of changes in Italian tax regulations in December 2011. IMPAIRMENT OF NON-CURRENT ASSETS In 2012, Nucor recorded $30.0 million in...

  • Page 28
    .... At our rebar fabrication businesses, 2012 shipments to outside customers increased 10% over 2011, which led to improved profitability within the segment. Although the segment has experienced market share gains, improved pricing and effective management of costs, the profitability of this segment...

  • Page 29
    ... net sales to external customers 2011 $13,960,245 3,431,490 2,128, 391 503,438 $20,023,564 percent dollars 2010 $10,860,760 2,831,209 1,814,329 338,329 $15,844, 627 % Change 29% 21% 17% 49% 26% Net sales for 2011 increased 26% from the prior year. The average sales price per ton increased 21...

  • Page 30
    ... outside customers and a 21% increase in the average sales price per ton from $689 in 2010 to $832 in 2011. Total production levels at the steel mills increased 7% due to an increase in outside shipments as well as an increase of more than 500,000 tons supplied to other Nucor divisions. Tonnage data...

  • Page 31
    ... because of increased utilization rates, increased sales prices and metal margins, decreased pre-operating and start-up costs and decreased losses from unconsolidated affiliates. Nucor benefited from our diversified product mix in 2011, in which our sheet, bar, plate and beam mills all improved...

  • Page 32
    ... December 31, 2012. We believe our financial strength is a key strategic advantage among domestic steel producers, particularly during recessionary business cycles. We currently carry the highest credit ratings of any metals and mining company in North America with an A rating from Standard & Poor...

  • Page 33
    ... in 2011, an increase of 116%. Nucor invested $760.8 million in the acquisition of other companies (primarily Skyline) in 2012 compared with just $4.0 million in 2011. Nucor's capital investment and maintenance practices give us the flexibility to reduce our current spending on our facilities to...

  • Page 34
    ... largest single customer in 2012 represented approximately 5% of sales and consistently pays within terms. In the raw materials segment, we are exposed to price fluctuations related to the purchase of scrap steel and iron ore. Our exposure to market risk is mitigated by the fact that our steel mills...

  • Page 35
    ... that build our long-term earnings power. Capital expenditures are currently projected to be approximately $1.1 billion in 2013, which is somewhat higher than in 2012 but more than double the levels of 2009-2011. Included in this total are expenditures for our Louisiana DRI facility, our natural gas...

  • Page 36
    ... Inventories are stated at the lower of cost or market. All inventories held by the parent company and Nucor-Yamato Steel Company are valued using the LIFO method of accounting except for supplies that are consumed indirectly in the production process, which are valued using the first-in, first-out...

  • Page 37
    ... and anticipated future results, general economic and market conditions, the impact of planned business and operational strategies and all available information at the time the fair values of its reporting units are estimated. Our fourth quarter 2012 annual goodwill impairment analysis did not...

  • Page 38
    ...be adopted. RECLASSIFICATIONS In 2012, we began classifying internal ï¬,eet and some common carrier costs in cost of products sold in the consolidated statements of earnings. We made this change so that all freight costs will be recorded within the same financial statement line item to allow users...

  • Page 39
    38 FINANCIAL GRAPHS 5,000 4,500 4,000 3,600 3,000 2,700 2,000 1,800 millions of dollars millions of dollars 1,000 900 year 03 04 05 06 07 08 09 10... year 03 04 05 06 07 08 09 10 11 12 year 03 04 05 06 07 08 09 10 11 12 LONG -TERM DEBT STOCKHOLDERS' EQUITY

  • Page 40
    ... year 03 04 05 06 07 08 09 10 11 12 year 03 04 05 06 07 08 09 10 11 12 NET SALES N E T E A R N I N G S ( L O S S ) AT T R I B U TA B L E TO NUCOR STOCKHOLDERS 1,000 500 800 400 600 300 400 200 millions of dollars millions of dollars 200 100 year 03 04 05 06 07 08 09...

  • Page 41
    ... Y Product Sheet Bar Structural Plate Total 2 012 S T E E L P R O D U C T S C A PA C I T Y Product Thousands of Tons 1,745 860 715 530 465 128 103 75 4,621 Thousands of Tons 11,300 9,110 3,700 2,900 27,010 Rebar Fabrication Cold Finish Joist Deck Buildings Group Steel Mesh Grating Fasteners Total...

  • Page 42
    ...) per share: Basic Diluted Dividends declared per share Percentage of net earnings (loss) to net sales Return on average stockholders' equity Capital expenditures Acquisitions (net of cash acquired) Depreciation Sales per employee AT YEAR END Current assets Current liabilities Working capital Cash...

  • Page 43
    ... - Integrated Framework. Our evaluation did not include the internal controls over financial reporting of Skyline Steel LLC, which was acquired on June 20, 2012. Total assets and total sales for the acquisition represent 3.2% and 2.4%, respectively, of the related consolidated financial statement...

  • Page 44
    ... described in Management's Report on Internal Control Over Financial Reporting, management has excluded Skyline Steel LLC from its assessment of internal control over financial reporting as of December 31, 2012 because it was acquired by the Company in a purchase business combination during 2012. We...

  • Page 45
    ... ASSETS, NET (Note 9) OTHER ASSETS (Note 10) TOTAL ASSETS LIABILITIES AND EQUITY CURRENT LIABILITIES: Short-term debt (Notes 12 and 15) Long-term debt due within one year (Notes 12 and 15) Accounts payable (Note 11) Salaries, wages and related accruals (Notes 17 and 18) Accrued expenses and other...

  • Page 46
    ...EARNINGS EARNINGS ATTRIBUTABLE TO NONCONTROLLING INTERESTS NET EARNINGS ATTRIBUTABLE TO NUCOR STOCKHOLDERS NET EARNINGS PER SHARE (Note 21): Basic Diluted See notes to consolidated financial statements. (in thousands, except per share data) 2012 $19,429,273 2011 $20,023,564 18,142,144 439,528 10...

  • Page 47
    ...for 2012, 2011 and 2010, respectively Adjustment to early retiree medical plan, net of income taxes of ($1,528), $952 and $64 for 2012, 2011 and 2010, respectively 2012 $593,126 2011 ...INTERESTS COMPREHENSIVE INCOME ATTRIBUTABLE TO NUCOR STOCKHOLDERS See notes to consolidated financial statements. 688,357 (88,512...

  • Page 48
    ...28,152 2,326 (458,322) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) $(41,056) (in thousands, except per share data) TREASURY STOCK (AT COST) SHARES AMOUNT 59,836 $(1,514,290) TOTAL NUCOR NONSTOCKHOLDERS' CONTROLLING EQUITY INTERESTS $7,390,526 134,092 13,280 4,662 729 (176) 4,449 32,777 2,326 (458...

  • Page 49
    ... Stock-based compensation Deferred income taxes Equity in losses of unconsolidated affiliates Impairment of non-current assets Loss on sale of assets Changes in assets and liabilities (exclusive of acquisitions): Accounts receivable Inventories Accounts payable Federal income taxes Salaries...

  • Page 50
    ... as of December 31, 2012 (47% as of December 31, 2011). All inventories held by the parent company and Nucor-Yamato Steel Company are valued using the LIFO method of accounting except for supplies that are consumed indirectly in the production process, which are valued using the first-in, first...

  • Page 51
    ... its exposure to price risk related to natural gas purchases used in the production process as well as scrap, copper and aluminum purchased for resale to its customers. In addition, Nucor uses derivatives from time to time to partially manage its exposure to changes in interest rates on outstanding...

  • Page 52
    ... commercial parking and environmental containment projects in the infrastructure and construction industries. Skyline is a significant consumer of H-piling and sheet piling from Nucor-Yamato Steel Company, and it will become a larger downstream consumer of Nucor's coiled plate and sheet products.

  • Page 53
    ... interest in Steel Technologies LLC, an operator of 25 sheet processing facilities throughout the U.S., Canada and Mexico. Nucor accounts for the investment using the equity method (see Note 10). All Years Other minor acquisitions, exclusive of purchase price adjustments of acquisitions made in...

  • Page 54
    ... and semi-finished products at December 31, 2012 (40% and 60%, respectively, at December 31, 2011). Nucor's manufacturing process consists of a continuous, vertically integrated process from which products are sold to customers at various stages throughout the process. Since most steel products can...

  • Page 55
    ...year variable rate Gulf Opportunity Zone bonds issued in November 2010. The restricted cash and investments are held in a trust account and are to be used to partially fund the capital costs associated with the construction of Nucor's direct reduced ironmaking facility in St. James Parish, Louisiana...

  • Page 56
    ... steel manufacturer, and accounts for the investment (on a one-month lag basis) under the equity method, as control and risk of loss are shared equally between the members. Nucor's investment in Duferdofin Nucor at December 31, 2012 was $454.1 million ($493.9 million at December 31, 2011). Nucor...

  • Page 57
    ... in Steel Technologies LLC, an operator of 25 sheet processing facilities located throughout the U.S., Canada and Mexico. Nucor accounts for the investment in NuMit (on a one-month lag basis) under the equity method as control and risk of loss are shared equally between the members. The acquisition...

  • Page 58
    ... and sales of assets. As of December 31, 2012, Nucor's funded debt to total capital ratio was 32%, and Nucor was in compliance with all covenants under the credit facility. No borrowings were outstanding under the credit facility as of December 31, 2012 and 2011. Harris Steel has credit facilities...

  • Page 59
    ... on Derivative 2012 2011 $1,321 198 $1,519 $11,757 (665) $11,092 2010 Commodity contracts Foreign exchange contracts Total Cost of products sold Cost of products sold $(1,417) 907 $ (510) During the first quarter of 2012, Nucor settled all of its open natural gas forward purchase contracts that...

  • Page 60
    ... will primarily supply our direct reduced iron facility in Trinidad. 15. FAIR VALUE MEASUREMENTS The following table summarizes information regarding Nucor's financial assets and financial liabilities that are measured at fair value as of December 31, 2012. Nucor does not currently have any non...

  • Page 61
    ... COMPENSATION Stock Options Stock options may be granted to Nucor's key employees, officers and non-employee directors with exercise prices at 100% of the market value on the date of the grant. The stock options granted in 2010, 2011 and 2012 are exercisable at the end of three years and have a term...

  • Page 62
    ... based on the closing stock price of Nucor's common stock on the day before the grant. A summary of Nucor's restricted stock unit activity is as follows: (shares in thousands) Year Ended December 31, Shares 2012 Grant Date Fair Value Shares 2011 Grant Date Fair Value Shares 2010 Grant Date Fair...

  • Page 63
    ...a weighted-average period of 1.6 years. 18. EMPLOYEE BENEFIT PLANS Nucor makes contributions to a Profit Sharing and Retirement Savings Plan for qualified employees based on the profitability of the Company. Nucor's expense for these benefits totaled $77.7 million in 2012 ($117.7 million in 2011 and...

  • Page 64
    ... was $178.0 million in 2012 ($177.6 million in 2011 and $151.8 million in 2010). 20. INCOME TAXES Components of earnings from continuing operations... 31, Current: Federal State Foreign Total current Deferred: Federal State Foreign Total deferred Total provision for income taxes 2012 2011 2010 $261...

  • Page 65
    ... income tax benefit Federal research credit Domestic manufacturing deduction Equity in losses of foreign joint venture Foreign rate differential Noncontrolling interests Other, net Provision for income taxes 2012 35.00% 0.75 - (3.25) 1.43 0.60 (3.64) (0.43) 30.46% 2011 35.00% 0.63 (0.28) (2.21...

  • Page 66
    ... 2004 and 2007 are open to the extent net operating losses were carried back. The 2008 to 2012 tax years are open to examination by the Internal Revenue Service. In 2011 the Canada Revenue Agency completed an audit examination for the periods 2006 to 2008 for Harris Steel Group Inc. and subsidiaries...

  • Page 67
    ...deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating and expanded metal, and wire and wire mesh. The raw materials segment includes DJJ, a scrap broker and processor; Nu-Iron Unlimited, a facility that produces DRI used by the steel...

  • Page 68
    ...Nucor's results by segment are as follows: (in thousands) Year Ended December 31, Net sales to external customers: Steel mills Steel products Raw materials All other Intercompany sales: Steel mills Steel products Raw materials All other Corporate/eliminations Depreciation expense: Steel mills Steel...

  • Page 69
    68 Net sales by product are as follows. Further product group breakdown is impracticable. (in thousands) Year Ended December 31, Net sales to external customers: Sheet Bar Structural Plate Steel products Raw materials All other 2012 2011 2010 $ 5,540,868 3,536,094 2,301,778 1,939,240 3,738,381...

  • Page 70
    ... Nucor Corporation Managing Director Peter C. Browning & Associates, LLC Clayton C. Daley, Jr. Former Vice Chairman and Chief Financial Officer The Procter & Gamble Company Daniel R. DiMicco Executive Chairman Nucor Corporation John J. Ferriola Chief Executive Officer and President Nucor Corporation...

  • Page 71
    ... Sheet Mill Division, Beam Mill Division Berkeley County, South Carolina Laurent DeMey Chief Executive Officer Skyline Steel LLC Ronald L. Dickerson Vice President, General Manager Sheet Mill Division Crawfordsville, Indiana Clay Dodgen General Manager American Buildings Company (West) Carson City...

  • Page 72
    .... Auburn, New York David R. Smith Vice President, General Manager Bar Mill Division Plymouth, Utah Jason Smith General Manager American Buildings Company (Midwest) El Paso, Illinois Judith G. Smith General Manager of Nucor Senior Vice President-Employee Services of The David J. Joseph Company David...

  • Page 73
    ... DATA CORPORATE OFFICE 1915 Rexford Road Charlotte, North Carolina 28211 Phone 704/366-7000 Fax 704/362-4208 STOCK PRICE AND DIVIDENDS PAID First Quarter Second Quarter Third Quarter Fourth Quarter STOCK TRANSFERS DIVIDEND DISBURSING DIVIDEND REINVESTMENT American Stock Transfer & Trust Company...

  • Page 74
    ... AARON BARNETT CARY M BARNETT CYNTHIA EULA BARNETT JAMES M BARNETT JOSEPH E BARNETT MICHAEL ALAN BARNETT ROBERT J BARNETT RONALD L BARNETT WILLIE M BARNETT DONALD A BARNEY DAVID E BARNHART KENNETH E BARNHART ROGER L BARNHART TARA L BARNHART CHAD T BARNHILL FRED W BARNHILL JR JARED RYAN BARNHILL...

  • Page 75
    ...DAVID BICKLEY VIVIAN BIDAH MATTHEW E BIDLACK JIMMY BIDWELL JAMES P BIERMAN JOEL J BIERMAN JAMES P BIERNAT VICKI J BIGELOW WILLIAM E BIGGART NICOLE M BIGLER MATTHEW BIHL JOSEPH BIJESSE DONALD BILBY ROBERT T BILGER BRIAN K BILLER ALWYN BILLINGS CYNTHIA A BILLINGS GEORGE C BILLINGS...JOE...DAN BUCHANAN DAVID...

  • Page 76
    ...CHANEY TANYA CHANG CASEY B CHANLEY JOSEPH CHANSUOLME GEORGE CHANTAL FORREST D CHAP CHAD A CHAPEK DONALD T CHAPIN ADAM P CHAPMAN BOBBY R CHAPMAN JR CLYDE B CHAPMAN CODY CHAPMAN DEWEY CHAPMAN GARRY CHAPMAN JACK CHAPMAN LELAND K CHAPMAN LESTER F CHAPMAN MARK E CHAPMAN JENNIFER A CHAPPELL JOE C CHAPPELL...

  • Page 77
    ... TYLER DARLINGTON BRYAN SCOTT DARNELL JASON L DARROW JAMES R DARSEY LEO DARTEZ III MICHAEL A DASGUPTA ABHILASH DASH JOSE R DASILVA DINESH DASS TOMMY L DATES GIFFIN F DAUGHTRIDGE APRIL R DAUGHTRY MICHAEL T DAUPHIN SEBASTIEN J DAUPHIN JOEL S DAURELLE AMANDA M DAVENPORT ARTHUR LEE DAVENPORT JR DAVID...

  • Page 78
    ...ELEMENT PHILLIP ELESON MAURICE EDWARD ELEY JAMES S ELGIN JR CARINA A ELIAS JOSEPH ELIEN JOHN C ELINBURG II MATTHEW S ELKIN CHASE C ELKINS DAN R ELKINS JACE RYAN ELKINS JANET BETH ELKINS JEFFREY K ELLARD MARK T ELLENBERGER THOMAS J ELLENBERGER CHAD ELLERBROCK DAVID ELLERT KEVIN ELLERT CALEB ELLINGTON...

  • Page 79
    ...CLARENCE BILL GRANGER MICHAEL C GRANGER ROBERT ALEX GRANGER RUSSELL GRANNUM COREY G GRANQUIST TYLER GRANSHAW BARRY J GRANT BRANDON J GRANT CHRIS A GRANT DANIEL C GRANT DOUGLAS GRANT FRED O GRANT GENERAL D GRANT GEORGE R GRANT JR JACOB W GRANT JAMES GRANT JEFF E GRANT JENNA W GRANT LOYD PRESTON GRANT...

  • Page 80
    ... WILLIAM D HERRON DEREK E HERSCHBERGER TALON Q HERSCHBERGER LARRY L HERSHEY TERRY C HERWEHE MITCHELL HERZIG JAMES D HERZOG JOSEPH HERZOG KEVIN R HESKETT ALDEN HESLIP JOHN L HESLIP JEROME HESLOP CHAD D HESS DAVID C HESS DUSTIN B HESS KENNETH RAYMOND HESS MICHAEL B HESS MICHAEL P HESS SHANON R HESS...

  • Page 81
    ...KIMPEL JOSEPH KIMPSON DAVID W KINARD DAVID A KINCAID DAVID N KINCAID JR GEORGE KINCAID III NATHAN KINCAID GARRY A KINDSWATER MICHAEL KINDSWATER KENNETH KINER ALAN K KING APRIL S KING BRADLEY D KING BRUCE L KING CHAD KING CHRISTOPHER J KING CLARENCE R KING DANNY JOE KING DARYL C KING DAVID KING DAVID...

  • Page 82
    ... ARTHUR MAYS CHRISTOPHER MAYS GEORGE MICHAEL MAYS KENNETH L MAYS PATRICK G MAYS ROBERT JOSEPH MAYS WILLIAM TODD MAYS CORY ROBERT MAYSE KEVIN B MAYTUM ELLERY P MAZE DYLAN MAZUREN DAVID MBANG SIDY MBAYE JASON MCADAM TYLER MCADAM ERIC D MCADORY JAMES MCALEER RICKEY M MCALISTER JR SHANON MCALISTER...

  • Page 83
    ... A MILLIGAN THOMAS D MILLIGAN JAMES C MILLIKAN JIMMY D MILLIKAN DAN MILLIKEN DEBORAH J MILLION BONNIE MILLS BRIAN MILLS BRIAN D MILLS CHRISTOPHER MARTIN MILLS GLENN M MILLS HAL R MILLS JOSHUA MILLS MICHAEL L MILLS RICHARD D MILLS ROGER MILLS STEVEN A MILLS BRETT R MILLSAP CHAD MILNER DWANA N MILNER...

  • Page 84
    ... ALEXANDRE PARE JOHNNY M PARE RAMON L PAREDES CHARLES PARENT DANIEL S PARENT DAVID F PARENT JOSE L PARGA ALAN PARIS SUSIE PARIS MICHAEL PARISE BILLY W PARISH JASON PARISH JOSEPH H PARISH CHARLES O PARISIEN RAYMOND E PARISIEN SHANE D PARISOT CHRISTOPHER PARK JOE A PARK III TERRY B PARK WILLIAM G PARK...

  • Page 85
    ... S ROLAND WILLIAM D ROLAND BARRY P ROLEK ERIC ROLF WESLEY S ROLLINGS DAVID L ROLLINS JAMES E ROLLINS JAMES LAWRENCE ROLLINS JOSEPH M ROLLINS PEGGY C ROLLINS PHILLIP M ROLLINS KELLY P ROLOFSON JAMES E ROLOSON JERIO J ROMAIN DAVID M ROMANCIK JR JON M ROMANOVICH CRYSTAL ROMANUK SHELLEY ROMARD MATHEW...

  • Page 86
    ... W STEELE JAMES D STEELE JOSHUA C STEELE MELINDA J STEELE PAUL D STEELE NATHAN H STEELMAN WILLIAM M STEEN NICOLE STEERE JIM STEEVES PAUL STEEVES CHARLES B STEGALL THOMAS STEGALL III CURTIS W STEGER KEVIN L STEHLY LANCE J STEIGER DAVID STEIGERWALD AARON DALE STEIN ASHLEY D STEIN CHAD STEIN GEORGE...

  • Page 87
    ...II ETHAN J TAYLOR EUGENE TAYLOR GARY ANDREW TAYLOR GEORGE E TAYLOR GILBERT TAYLOR GREG A TAYLOR GREGG A TAYLOR ISAIAH TAYLOR JAMES TAYLOR JAMES R TAYLOR JAY B TAYLOR JEB S TAYLOR JERMAINE E TAYLOR JIMMY W TAYLOR JOE M TAYLOR JOHN TAYLOR JONATHAN R TAYLOR JOSEPH TAYLOR JR JOYCE M TAYLOR JUDY K TAYLOR...

  • Page 88
    ... JAMES YONTZ BRAD A YORK JAMES J YORK JAMES O YORK JEREME YORK THOMAS YORK ASHLEY YOUCHOFF ADAM YOUNG ALEXANDER YOUNG AQUELIUS YOUNG BRIAN YOUNG CHRISTOPHER D YOUNG DAVID BRADLEY YOUNG DONALD W YOUNG ERIC D YOUNG GARY W YOUNG GEORGE A YOUNG HUBERT A YOUNG J ANDY YOUNG JAMES YOUNG JAMES R YOUNG JAMES...