Nucor 2013 Annual Report Download
Download and view the complete annual report
Please find the complete 2013 Nucor annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
 |
 |
2013
ANNUAL
REPORT
RONALD A MUNOZ WEHISMAN MUNOZ ANTONIO MUNOZ DIAZ GREGORY B MUNRO JOHN MUNRO BRETT A MUNSEY COURTNEY L MUNSEY GLORIA MUNSON W ANDREWS MUNSON JR DANIEL MUNZO
RAJADURAIMURALITHARAN PATRICKMURAWSKI PAULMURCHEK KENNETHMURDOCH DONNYRMURDOCK VICTORJMURILLO GUYMURIN JUSTINMMURPHREE BILLYLMURPHY BRANDONMURPHY BRIANMURPHY
CHRISTOPHERMURPHY DALEMURPHY DANMURPHY DARRENGEORGEMURPHY DAVIDMURPHY DAVIDMURPHY GERARDEMURPHY JACKIEMURPHY JEANETTEMURPHY KENNETHMURPHY MARTINMURPHY
MATTHEWMURPHY MCCONNELLLMURPHY MICHAELMURPHY MICHAELDEWAYNEMURPHY PHILIPMURPHY RODNEYMURPHY SARAJMURPHY SCOTTAMURPHY SEANMURPHY SEANKMURPHY SHARONAMURPHY
STEPHENLMURPHY STEVENCMURPHY WILLIAMMMURPHY CATHERINEMURRAY DANIELGMURRAY JEFFREYMURRAY JUDITHAMURRAY KIMONICABMURRAY LAWRENCEMURRAY NATHANMMURRAY PAULMURRAY
RICHARDMURRAY TODDFMURRAY WILLIAMAMURRAYJR WILLIAMLMURRAYJR MANIKANDANMURSUGASAN SASIKUMARMURUGAIYAN DALEMURZYN ANDERSONMUSE JEFFMUSE JEFFREYMUSE SAMUELMUSEIII
TODDMUSE STEPHENAMUSGRAVE JOHNLMUSGRAVES LARRYMUSHING BARRYDMUSICK DUSTINMUSSA TROYMUSSELMAN RICHARDDMUSSER JEFFREYMUSSON WAZEEMMUSTAPHA SONGHENGMUTH
RENGARAJMUTHAIAH ALEXJMUTSCHELKNAUS BENJAMINRMUTSCHELKNAUS AARONJMUTSCHLER PAULMUZIO KARYNSTEPHANZMUZZEY BOBBYRMYERS BRENDAMYERS CATHYKAYMYERS COREYMYERS
DARRENJMYERS DARRYLMYERS DAVIDCMYERS ERICMYERS GLENMYERS GLENLMYERS HEATHAMYERS JEFFERYMYERS JESSICARMYERS JIMMYDALEMYERS KRISTIEMYERS MICHAELMYERS NOAHAMYERS
PATRICKMYERS RANDYMYERS RAYMANMYERS ROBERTMYERS ROBERTAMYERS STEVENMYERS STEVENMYERS TAYAMYERS TERRYMYERS TIMOTHYBMYERS TRAVISMYERS WESLEYBMYERS EPHRIAMMYLES
RAJOHNMYLES KEVINMYNATT THOMASAMYOTTE EARMENEMYRICK JONATHANMMYRICK MARKLMYRICK STEVENMYRICK THOMASROBERTSONMYRICKIII OLENANABOKA KIMBERLYNADLER SAMUELNADURIAK
KAIPONAEOLE WILLIAMALEXANDERNAFE NATARAJANNAGARAJ BALASUBRANAGARAJAN MOHANANAGARAJAN PRABHUNAGARAJAN SHILANAGARSENKER MICHAELNAGY MUNESHNAIDU RUTUJANAIK IAONAIULI
TERENCENAIWI SEANMNAJAFI SALVADORNAJARJR ALEXPNAJERA RYUTANAKAGAWA GARYNAKAMOTO DOUGLASNANCE JIMMYDNANCE JOELNANGOO MICHAELNAPALO DONALDNAPIER MICHAELNAPOLITAN
RAYMONDSNAPOLITANJR KEVINNARINE VIPINNARKHEDE MELISSANARMI BOBBYNNARMORE ELDAIRODEONTRAENASH GORDONNASH ISAACNASH KENNETHTNASH MICHAELNASH TERRANCELNASH
DMITRINASSYROV HANNANATORSKI JOHNRNAULT ANGELANAUMAN MIKEANAUMANN BRIANENAUS ERNESTONAVA GUILLERMONAVA ALBERTONAVARRO ALFONSONAVARRO FELIXSANTIAGONAVARRO
PEDRONAVARRO RICHARDLNAVARRO CURTISRNAVE MATTHEWCNAVE BRAMMANAYAGAM JACENAYLOR TERRYNAYLOR STEVENAZARENUS BRANDONJAMESCLARKNEAL BRIANRNEAL CHRISTOPHERRNEAL
CLAIRDNEAL FRANKLINNEAL JAMESNEAL JOHNRNEAL JOSEPHNEAL KORYCNEAL SANDRALNEAL TIRANEAL JERRYNEDDOW ANTHONYDNEEDHAM DANIELRNEEDHAM JOSHUANEEDHAM TRAVISJNEEDHAM
ALBERTMNEEL JERRYDEANNEEL RONALDKEITHNEEL CHARLIENEELY DONNIECNEELY SHANNONNEELY GREGGANEESEN PATRICKANEESEN BRIANNEGGERS MICHELLENEGICH ARTURONEGRETECARDENAS
RAULNEGRON CHRISTOPHERMNEIBAUER DAVIDNEIDHART CHARLESBNEIDICH JOHNNEIGEL DERRICKJNEIGHBORS ZACHARYRNEIGHBORS ROCKYNEILL LADRNEILSON ANDREWNEISER NICHOLASSNELKO
STEPHENNELKO ABRAMNNELSON AMMONJNELSON BARTJNELSON BILLYNELSON BRADANELSON BRETTNELSON BRYANTNELSON CASEYBRIANNELSON CHRISTINAENELSON CHRISTOPHERONELSON
CHRISTOPHERRNELSON DANIELNELSON DONALDNELSON DONALDRNELSON DUANELNELSON EDWARDNELSON EMILHNELSON JAYRNELSON JONATHANNELSON JONATHANNELSON JORYWADENELSON
LARRYNELSON MARKNELSON MICHAELNELSON MICHAELNELSON MURRAYNELSON RAYMONDNELSON RICHARDDNELSON RICKANELSON ROBERTPNELSON RODNEYANELSON RODNEYTNELSON RYANJNELSON
SCOTTIEANELSON STEVENNELSON STEVENBNELSON TERRANCNELSON TERRYDNELSON TIMOTHYCNELSON TIMOTHYLNELSON TODDWNELSON TYSONNELSON FLORIBERTONEPONUCENO MICHAELNEPTUNE
JAMESNERVINA BENJAMINCNESBITT MATTHEWNESBITT DANIELNESBY DANIELANESS ROBERTKNESSELRODE MICHAELNESTER ELTONNETTLES GEORGEPNETTLETON JOSEPHNEUHAUS JOSHUANEUHAUS
SANDRANEUMANN‑PLUMMER JAMESNEVAREZ JOSENEVAREZCORONADO JAMESNEVAY CLARENCENEVELS DEXTERLEONNEVETT DAVIDWNEVIN DANIELJNEVITT JAYDEENEVITT DANIELRNEVLING ERICRNEW
RALPHGNEW JAMESEDWARDNEWBERN JEFFREYMNEWBERN EDNEWBURY CHARLESWNEWCAMP BOBBYDNEWCOMB JASONURBANNEWCOMBJR CHRISLNEWCOMER RICKLNEWCOMER JOHNENEWELL
JAMESNEWILL STUARTDNEWLIN DAVIDGNEWMANJR DAVIDTYLERNEWMAN JAREDNEWMAN JENNIFERLYNNNEWMAN MATTHEWJNEWMAN RODNEYDNEWMAN SHANERNEWMAN BRADLEYRNEWSOM
JASONHNEWSOM KARENNEWSOM PAYTONRNEWSOM RICHELLENEWSOM TANYANEWSOM TOMMYANDERSONNEWSOMJR CURTISNEWSOME GEORGEENEWSOMEIII JAMESLNEWSOME KELVINLNEWSOME
RONALDNEWSOME ROYDALENEWSOME JUSTINNEWSON ADAMNEWTON ANDREWHNEWTON CHRISTOPHERBNEWTON CORYNEWTON DENISEKNEWTON DUSTINRNEWTON JERRYLNEWTON JOSEPHANEWTONII
JOSHUANEWTON MICHAELNEWTON PATTYRENAENEWTON REEDCNEWTON ROBERTNEWTON ROBERTANEWTON ROBERTTNEWTON RONNIEDNEWTON RUSSELLBNEWTON STEVENMNEWTON KAIPONING
SHIUNG HUYV NGHIEM BUNTHONGUON NAM NGUYEN PATRICKNGUYEN PHUCNGUYEN SONNGUYEN WILLIAMNIBOUAR BODEEM NICHOLAS MONTEDNICHOLAS THERESANICHOLL CASEYDNICHOLS
JEFFREYMNICHOLS JONATHANNICHOLS KASHALANNICHOLS KATHLEENNICHOLS KENNETHDNICHOLSJR MATTHEWANICHOLS ROBERTSNICHOLS RONPNICHOLSJR SCOTTNICHOLS TALCOTTNICHOLS
ANTHONYNICHOLSON MATTHEWDNICHOLSON PEYTONJOSEPHNICHOLSON PRESCOTTNICHOLSON ROBERTNICHOLSON JERRYLNICKJR KELLYLNICKELS JOHNNICKENS BENNICKERSON DERRICKNICKERSON
MICHAELPNICKERSON KYLENICLOUX DENNISNICOLETTI GEORGENICOLICH JEFFREYNICOLOFF WAYNEDAVIDNIEDERHAUSER TERRYNIEHAUS BARBARAANIELSEN DANIELCNIELSEN JERILYNNNIELSEN
JOHND NIELSEN JORGEN NIELSEN ROBERTKNIELSEN RON LNIELSEN CODYLNIEMANN PAULOLOPEZNIETO JUANNIEVESRODRIGUEZ JOHN NIGON ROSAE NINA‑BRITO DONALDRNINER TODDMNINIS
RIGOBERTOBNINO WILLIAMNIPPER LYNNNISHIMURA ERIKNISSEN MICHAELANISSEN SUSANLNITZ LISANITZSCHE BEVERLYJNIX JOHNCNIXONJR JOHNRNIXON YOOSUFNIZAMUDEEN MARKLNOACK
JAMESNOBBEII ANDREWENOBLE JOHNWNOBLE RODNEYPNOBLETT THOMASCNODINE FREDYNOEGGERATH‑CHAVEZ NIGELNOEL RONALDTNOEL YAN‑MAXYMNOEL DERRICKSNOEY SHAWNCNOEY
CHARLESNOGA MEGANENOGGLE ROBERTNOGGLE PAULNOILJR GREGORYTNOKES TIMDNOKES BARRYGNOLAN BERNARDNOLANJR LENORENOLAN BOBBYNOLAND BOBBYJNOLAND STEPHENWNOLAND
JAIMENOLASCO SOFIANOLASCO MARGARITONOLASCOMARQUINA EFRENNOLASCOMILLAN DUSTINNOLEN LARRYCHADNOLEN CHARLESLNOLES LEWISWNOLES STEVENNOLL STRIDERNOONE ROBERTGNOONINGJR
LINDSEYNOORT DEREKNORDBY STEVENSNORDIN GARRICKNORDSTROM ROBERTNORFORTJR MARVINNORIEGA RICHARDPNORLIE ALEXANDERNORMAN JASONTNORMAN JOHNNORMAN RILEYNORMAN
VERGIEDNORMAN BRYCE JNORR WEYLANNORRICK BILLYRNORRIS BRANTLEYENORRIS CHRISTOPHERTNORRIS COREYDNORRIS FRANKIEJNORRIS GEORGENORRISII JOHNNORRIS JOHNKNORRIS
KATHLEENGNORRIS MELVINNORRIS MICHAELDNORRIS RICHARDDNORRIS SCOTTENORRIS SCOTTRNORRIS STEPHENCNORRIS THOMASRNORRIS WILLIAMNORRIS ZACHARYSCOTTNORRIS JUSTINBNORSWORTHY
DAVIDANORTH JANETNORTH RICHARDGNORTH JOSEPHMNORTHCOTT TONYNORTHCOTT RONVNORTHCUTT GLENNALLISONNORTHRUP JEFFREYDNORTHRUPJR JACOBNORTON JAMESDAVIDNORTON
JERRYCNORTON KAYLNORTON EDWARDNORWOODIII IVYRUTHNORWOOD PAMELALNORWOOD THOMASNOSBISCH MARYBETHNOTA SELMAENOTARO DARRELLLNOVOTNY TRENTNOVOTNY ADAMTNOWACKI
CHARLESJNOWAKII MELINDANOWLIN THERRNOWLIN WILLIAMNOWLON JARRODMNOWMAN JASONMNOWMAN CHRYSANDRAPNOYE CHRISTOPHERNOYES LARRYNOYES MAUNGNU DESMONDNUCKOLLSIV
HOMERLEONNUCKOLS RANDYLNUCKOLS PATRICKCNULL MATTHEWENUNAN ANTONIONUNEZ FRANCISCONUNEZ JOSENUNEZ LILIANASANCHEZNUNEZ MANUELMNUNEZ RALPHNUNEZ RIGOBERTONUNEZ
VENUSTIANO NUNEZ CYNTHIA NUNEZ SAUCEDA ROBERT ANUNMAKER KEVINNUNN ERICG NUNNENKAMP SERGIONUNODIAZ ROBERTPATRICKNURSE JOHN NUSSBAUM TRAVIS NUSZER SHANE MNUTT
VICTORLEENUTTIV BRUNONWISI YANCEYRNYGREN ERICANYSTROM BLAIROAKE FRANKOOAKESIII MATTHEWDOAKES THOMASROAKS BENEDICTABROMOHOBENG NICKOLASAOBERMIRE TRACYSOBERMIRE
ALLANOBERMULLER MARKOBIEDZINSKI VALERIOOBREGONGARCIA WILLIAMJOBRIEN CLAYTONBRADLEYO’BRIEN FRANCISO’BRIEN JAMESO’BRIEN MATTHEWO’BRIEN FREDO’BRYAN RANDYRO’BRYANT
MARITESOCAMPO PEDROOCAMPOSALTILLO BRAYANOCHOA JUANELIASOCHOA JUANJOCHOA LORENZOEOCHOA LUCIOOCHOA ROBERTOCHOA TORIBIOOOCHOA NICHOLASSTEPHENOCKER SEANO’CONNELL
COLTONO’CONNOR GREGO’CONNOR LORENEVANO’CONNOR MATTHEWOCULL ANTIONEODA ROBERTEO’DANIEL WILLIAMAO’DANIEL LEONARDTODD JANETMODDEN RONALDGENEODELL KATHYO’DELL
BRANDONHODOM CHRISTOPHERMODOM JAMESLODOM JULIANRODOM STEVENODOM DENNISO’DONNELL JOSEPHO’DONNELL ROBERTWO’DONNELL JONATHANODOPEY GREGORYOELRICH TRISHAOERTWIG
BARRAMO’FATHAIGH TONAO’FATHAIGH JOSHUAJ OGBORN RICKY ROGBORN JAMESOGBURN JR JAMESE OGBURN III JANETOGBURN ERICE OGDEN TERRY AOGDEN JASONOGILVIE DANIELR OGLE II
MELVINEUGENEOGLE RANDALLCOGLE MICHAELHOGLESBY WAYNEOGOMORI SCOTTDO’GORMAN DEBRAO’GRADY KEVINAO’GRADY RAYMONDAO’GRADY ADEKUNLEAKINYOSOYEOGUNTUNDE BARBARAO’HAGAN
LARRYOHANO DANIELJO’HARA ROBERTO’HARA JEFFREYLOHM STEVENROHM ARTUROOJEDA FRANCISCOROJEDA IGNATIUSCOKAFOR SHANEOKANO SUBHIOKDEH PAIGELOKELLEY ELMEROKEMAYSIM
JOSEPH A OKTAVEC KENNETH CRAIG OLAFSON CHARLES T OLDHAM III JEFFREY RYAN OLDHAM JOHN T OLDHAM RANDALL F OLDROYD ROBERT A OLDROYD EDWARD ANDREW O’LEARY JR SEAN O’LEARY
STEVENDOLEKSIAK MARTINBO’LENA KEVINOLESEN GARYAOLINGER LANCETOLINGER GREGORYAOLIPHANT HECTOROLIVA ISMAELOLIVA CESAROLIVARDIA CHRISTOPHEROLIVARDIA JOSEMANUELOLIVARES
RODOLFOOLIVAS MICHAELOLIVEIRA ADRIANOLIVER ANDREWOLIVER BRIANROLIVER BRYANKOLIVER DAVIDOLIVERII GARYWOLIVER JOSEPHAOLIVERJR KEVINOLIVER RICKDOLIVER ROBERTOLIVER
RYANDOLIVER TOBYOLIVER LUISOLIVERAS KEOKIOLIVEROS KEOLAOLIVEROS PABLOOLIVO KENNYLOLLER THOMASPOLMER JAVIEROLMOS JOHNEOLMOS DAVIDTOLMSTED ADAMMOLSEN BENJAMINOLSEN
COLLINROLSEN DEREKOLSEN DUSTINDOLSEN DUSTINMOLSEN EDWARDOLSEN JAREDNOLSEN JERRY COLSEN SCOTTAOLSEN TAYLOR OLSEN ADAMOLSON DOUGLASHOLSON GARYOLSON
HARVEYGLENN OLSON JAMESOLSON JOHNMONTGOMERYOLSON JUSTINLOLSON KEVINOLSON LEOGOLSON LORENLOLTJENBRUNS HELMUTG OLTMANN NEALBOLTREMARI HUGORODRIGUEZOLVERA
JULIANOLVERA MICHAELGO’MALLEY RONALDJOSEPHO’MALLEY THOMASGORDONO’MALLEY JULIUSOMAOENG JAYJONDROVIC LYNNGONDROVIC CSTEVEO’NEAL DAVIDBO’NEAL JAMESRO’NEAL JERRYO’NEAL
LANNIERAYO’NEAL MICHAELO’NEAL SHAWNDO’NEAL QUINTONAONEILL DANIELO’NEILL WILLIAMO’NEILL HERBERTDONEY RUBENONTIVEROS JANROYOOSTINDIE ENRIQUEOQUENDOPARES DAVIDORASI
BRIANFORDNUNG BORISORDONEZ CHAUNAORDOWER JOSEPHMORDUNO STEVENEORDUNO GABRIELORELLANA DREWRORGILL MASAAKIORIKURA JOHNHORMAN WILLIAMHORMAND KEVINORMANOSKI
WILLIAMVORME CONNIERORONA ISMAELOROZCO MAXIMILIANOROZCO CHRISTOPHERLORR COREYORR FADRIAORR JAMESAORR LISAAORR STEPHENORSINI BAUDILIOORTEGA DERRICKJORTEGA
JOSEORTEGA JOSEORTEGA MARLONORTEGA SARAJORTEGA TEOFILOORTEGAIV CARLOSORTIZ GUADALUPEORTIZ GUILLERMOEORTIZ GUSTAVOORTIZ JOSEORTIZ LOUIEAORTIZ SAULORTIZ VANESSAORTIZ
JOHNORTIZATAYDE PEDRO ORTIZGARCIA BENIGNO ORTIZMARTINEZ JOSE MORTIZ MEZA KENNETHLORUM MATTHEW ORUM SHARONP ORVEK SUNNY JERRYOSAGIE RANDEA OSBERG DOUG OSBORN
JOSEPH OSBORN KILEYL OSBORN FRANKOSBORNE MICHAELV OSBORNE MONTGOMERY OSBORNE ROBERT OSBORNE ALFONSOOSEGUERA JUSTINOSENGA MEIKAOSETSKY KATHLEENO’SHAUGHNESSY
STEVEND OSHEL CLINTONOSLER TIMOTHY RAYOSMER OSCAROSORIO EDWARD ALLENO’STEEN JR MARYOSTENDORF MARTIN OSTERGAARD YOHANAOSTORGA MARY ROSTRANDER JAMES O’SULLIVAN
JOHNO’SULLIVAN ERICSOSWALT ELDYOTANOALVAREZ DIEGOOTERO JOHNOTHMER MARYALLENEOTIS JORDANSOTJEN STEVENAOTJEN MATTHEWAOTTIS JOSEPHOTTO MATTHEWOTTO TUPOUNOTUTAHA
JAMESPOTWELL MICHAELOUDEMAN DANIELOUELLETTEJR JONATHANOUELLETTE KEVINLEEOUTLAND PHILLIPWAYNEOUTLAND JAMMIELOUTLAW JOSEFOVALLE HEATHMOVERACKER JACKIENOVERBEY
ANDREWOVERBO CRAIGTOVEREND CHADOVERSTREET IVORYSHAVONOVERTON JASONTOVERTON JOYCESOVERTON KENNETHOVERTON RYANLOVERTON ANDYDOWEN CHARLESHOWEN MONICAMOWEN
AARONTOWENS ALTONOWENS BENJAMINWOWENS BILLYMOWENS BRYANRAYOWENS BRYONOWENS CARROLWOWENS CHARLESAOWENS CHRISTOPHERCOYOWENS CHRISTYHENSLEYOWENS CINDYLOWENS
CLARENCEROWENS DONALDJOWENS ETHANTOWENS JAMESEOWENS JOHNOWENS JONATHANWOWENS MARGARETBOWENS MICHAELOWENS MICHAELSHAWNOWENS MISTYOWENS MYRONOWENS
REUBENHOWENS RONALDOWENS STEPHANIEAOWENS TIMOTHYJOWENS TOMMYOWENS TRENTONWAYNEOWENS NIALLOWNCHIEF ZACHARYROWSLEY BRYONOYSTRECK DAVIDOZIMEK KENNETHOZINGA
DAVIDOZOLIN BRIANPACCAGNELLA ANTONIOPACHECO HUMBERTOPACHECOJR JUANMPACHECO MARCOSPACHECO SAMPACIOTTA AMYPADGETT BENJAMINPADGETTJR JACOBPADGETT JOHNWPADGETT
JOSEPHLEEPADGETT TRACYVPADGETT ADAMPADILLA EDSVINPADILLA GABRIELPADILLAJR GUADALUPEPADILLA MARCOPADILLA THOMASPADILLA DARYLPADMORE JUANPADURA‑PADILLA ELIASMPAEZ
RAELPAFF GEORGEPAGAN JEROMEPAGE JOHNLPAGE RICHARDPAGE RICHARDMPAGE RICHARDPAHUYO BENNIEPAIGE TERRYSTEVENPAIGE MICHAELAPAINTER MERLELPAITSEL LUISPAJARESLANDA
SANJAYPAL MIGUELPALACIOS PABLOPALACIOS ROBERTOPALACIOSJR WILLIANPALACIOSVILLATORO JOHNPALAKAL CLINTPALIN AARONJPALKOVIC BLAIRRPALMER BRANDONPALMER CARLOSPALMER
CHERIPALMER DAVIDPALMER DILLONPALMER DUSTINLPALMER ERICPALMER GEORGESTANLEYPALMER GLENNPALMER GREGORYJPALMER IANHPALMER JEFFREYPALMER JENNYLYNNPALMER
KATHLEENAPALMER LINDACOLEENPALMER LISAPALMER LOUISPALMER MEAGANPALMER QUINNPALMER RANDYPALMER SHAWNALPALMER THOMASEPALMER TOBINEPALMER ZACHERYGLENNPALMER
TERRYJPALMORE CARLOSPALOMINO EDWARDMPALUMBOII PRAVINPALVE RONGPAN NILMAPANCHAL SHERIDAPANCHAM PRUDENCIODPANCHO JAMESPANDILIDIS MAHDADEVPANDIT KPANDITARATNE
SANGEETAPANDYA MARTINEPANKEYJR MICHAELBPANKEY NOAHDPANKEY RICHARDJPANKEY BRIANKPANNELLS ERIKCPANOZZO SAVITAPANSE DANIELLPANTELLO NESTORPANTIG JOHNNYPANTOJA
VALENTINPANTOJA LUCENOAPANUGALING LINDAKPAPSTEIN JEREMYPAQUETTE PIERREPAQUETTE JULIETAPAQUIN MISTYDAWNPARADA RAMONEPARADA DANIELPARADIS JOHNPARADIS MATTPARADIS
ASHLEAPARADISO HECTORPARAMO SPARANAGAMA LUISPARDO DAVIDPARDY ALEXANDREPARE JOHNNYMPARE WILLIAMPARE RAMONPAREDES DANIELSPARENT DAVIDFPARENT MARCPARENT JOSEPARGA
ALANPARIS SUSIEPARIS MICHAELPARISE BILLYWPARISH JACOBRPARISH JASONPARISH JOSEPHHPARISH CHARLESPARISIEN RAYMONDPARISIEN SHANEDPARISOT CHRISTOPHERPARK DOUGLASPARK
JOEAPARKIII TERRYBPARK WILLIAMGPARKII BENJAMINWPARKERJR BRADLEYJACOBPARKER BRANDONPARKER BRENTPARKER BRIANTPARKER BRUCEEPARKER BYRONKEITHPARKER DAVIDLPARKER
DEANNARPARKER DENNYJPARKER DONNIELPARKER GREGORYAPARKER GUYPARKER JACOBDPARKER JACQUELINEMPARKER JULIEPARKER KEITHPARKER KEITHALANPARKER KIMLPARKER KYLEPARKER
LUKEPARKER NATHANPARKER PAULPARKER ROBERTPARKER RONALDPARKER STEVEAPARKER SUSANEPARKER TERRYJPARKER TERRYRPARKER THOMASAPARKER THOMASKENTPARKER TINADIANNEPARKER
TONYJOEPARKER TRACYSHAWNPARKER VINCENTALANPARKER WINFORDCPARKERJR ZEBULONK PARKER KENDALLV PARKHURST RUSSELLPARKHURST JAMESFPARKINS CORYLAYNEPARKINSON
JBRENT PARKINSON KEVINA PARKINSON BENJAMIN M PARKS JOSHUA D PARMAN KENNETH PARMENTER GARY LPARMER MARTHA LOUISE PARMER SUSANP PARMER G KPARNELL HORACE L PARNELL
JAMESRPARNELL ALICIAPARR THOMASAPARR FRANCISCOPARRA JUANPARRALEYVA JORGEPARRAMATA VINCENZOPARRELLA AARONPPARRISH CHARLESBRITTPARRISHJR CHRISTOPHERWPARRISH
MARCUSWPARRISH MORGANWPARRISH REBECCAPARRISH ROBERTKEITHPARRISH CURTISALANPARROTT DERALDHPARROTT KRISTOPHERWPARROTT TIMOTHYAPARROTT WARRENSPARROTT DAVIDWPARSLEY
MICHELLESIMMONSPARSLEY GERALDINEPARSONS GREGORYPARSONS JASONMPARSONS JOHNATHANAPARSONS KYLEAPARSONS LAURENPART EDWARDDPARTAIN TRACEYDPARTAIN LISADENICEPARTON
JACKLPARTRIDGE GIOVANNAPASCALE CURTISRAYPASCH JOEMPASCHAL JOSEPHRPASCHALL DONPASQUENO VINCENZOPASSARETTI PEDROPASSILLASRODRIQUEZ BRIANPASSINI JASONDEDRICPASTORE
JUSTINAPASTORE PUSHPARAJPASUPATHI GREGORYPATCHAK JERRYPATCHIN JERRYPATCHINJR VIKKIPATCHIN AMANDANPATE BRIANKPATE CLETUSBPATE DERRICKMPATE JASONDPATE LUCASPPATE
MORGANRPATE ASHOKBHAIPATEL GEETAPATEL NIRAVNPATEL PRAGNESHPATEL JOHNAPATERNOSTER PHILIPPATHARE MOHANRPATIL IULIAPATRASCU JOHNPATRENETS SUSANPATRIA MIREYAPATRICIO
ALEXGPATRICK BRENDAPATRICK BRIANKPATRICK DAVIDPATRICK JAMESWPATRICK JEFFERYSCOTTPATRICK MICHAELPATRICK CHARLESHPATROS ALPHONSOJPATTERSON ANTOINPATTERSON BOBBYRPATTERSON
DANNYRPATTERSON FLOYDTPATTERSONJR FRANKPATTERSON KARENPATTERSON MAURICEPATTERSON MELISSAPATTERSON MICHAELEPATTERSON RYANNPATTERSON SHANEWPATTERSON SHAWNPATTERSON
THOMASWPATTERSON TIMPATTERSON TIMOTHYEPATTERSON VINCENTPATTERSON WALLACEBPATTERSON KENTONGPATTILLO GEORGESPATTON JEFFREYLEEPATTONJR LESIAEPATTON ROBERTHPATTON
ANDREWTHOMASPAUL CALERPAUL DAVIDEPAUL STEPHENBPAUL STEVENPAUL ROBINLPAULETICH DALEFPAULSEN JOHNRPAULSEN MICHAELEPAULSEN JASONPAULY JERALDLPAVLIK RODNEYLPAVLIK
RYANLPAVLIK SUHASPAWAR ASHLEYEPAXTON GROVERAPAY FARZINPAYAMFAR HECTORPAYAN VIOLAPAYAN ALLANWAYNEPAYNE BRADAPAYNE BRENDAGPAYNE CHADJPAYNE CLINTPAYNE DOUGLASCPAYNE
GEOFFREYAPAYNE JOELPAYNE JONASTPAYNE JONATHANTPAYNE JOSHUADPAYNE JOSHUASPAYNE MATTHEWPAYNE ROBERTPAYNE SCOTTPAYNE SCOTTMPAYNE SHANNONPORTERPAYNE TOMMYKEITHPAYNE
TONYFRANKPAYNE WILLIAMKPAYNE WILLIAM RPAYNE WILLIAM TPAYSEUR PATRICKA PAYTON WILLIAMPAYTON CARLOSPAZ ELIZABETHPAZ RAPHAELCARLOPAZ JOEYK PEACEJR JOEYKPEACE SR
AARONPEACOCK JIMPEACOCK JOSHUAM PEACOCK MICHAELM PEACOCK NICK PEACOCK SANDRAD PEACOCK BRENT NPEARCE ERICKALAB PEARCE THOMAS GRAHAMPEARCE DOUGLASE PEARMAN
MATTHEWOPEARMAN BRENTRPEARSON BRIANPEARSON DAVEDAJPEARSON JACQUALINEPPEARSON JENNIFERPEARSON LEROYPEARSON MICHAELDPEARSON MORGANMPEARSON TARALPEARSON‑FRIBERG
JAMESDPEASE MARKAPEASE JAYEPEAY TONYPEAY TRUDYPEBLEY JOHNNYWPECK MARKEPECK SCOTTDPECK BRADLEYPECKHAM PAULJPECONGEII JAKEMPEDEN POULVPEDERSENJR DIONICIOPEDRAZA
MICHAELPEDRAZA GUADALUPEPEDROZA BOBBYPEEK BOBBYEPEEK BRADLEYWPEEK CHARLTONLPEEK COREYNPEEK JOHNATHANPEEK MARKAPEEK KEITHPEEL ROBERTALLANPEEL JAMESEPEELERII
SHEIKALTHAFALIPEERMOHAMED BRADLEYPEETEETUCE STEVENPEGUERO PATRICIAAPEGUES COREYPEIL CARLLPEILER AMANDAKPEITZ NICHOLASJPEITZ GARYDPEKNY PABLOPELAEZ RICHARDPELC
ROMEAPELCZYNSKI SHERIPELERINE LESLIEWPELFREY RANDALLGPELL JUSTINPELLETIER THOMASPELLINGTON DONALDJPELLOR JULIEMPELTS CATHYAPELUSO MICHAELAPELUSO JOCELYNPELYPEC
ENRIQUEPENA ESTEBANPENA GABRIELAPENA JOSEPENA RAUDELPENA TIMDPENCE SEANPENDARVIS DUSTINMPENDERGAST BRIANSPENDERGRASS DENNISCPENDERGRASS MURRAYPENDERGRASS
TOBYNPENDERGRASS ADAMCPENDLETON CODYLPENDLETON EVAWPENDLETON LARRYWPENDLETON BEVERLYTPENDLEY DUSTINTHOMASPENKUNAS SIGMUNDTPENKUNAS GARYDPENNELL JOEPENNELL
SAMANTHAPENNELL SETHDANIELPENNELS CASSIEPENNER ERICPENNEY ARVILPENNINGTON ARVILKEITHPENNINGTON BRYANDPENNINGTON ROBERTPENNINGTON RODNEYWPENNINGTON RYANEDWARDPENNINGTON
DEMETRIOUSPEOPLES MARIOPEOPLES DONALDPEPLINSKI MARKPEQUEGNAT PAULPERAGINEJR DAVIDPERALEZ WALDOPERALTA BRADLEYSPERDUE TINADPEREA CARLOSPEREA‑FIGUEROA ARISTIDESPEREIRA
JOSEPEREIRA MIKEPEREIRA TERRANCEPEREIRA BETTYPEREJMA BNADEERAPERERA LEELANANDAPERERA NADEESHAPERERA PRASHANTHAPERERA ULADWPERERA VIRGINIPERERA WASANTHIPERERA
CLAUDIAPEREZ CRISPINPEREZ CRISTOBALPEREZ DANIELAPEREZ DAVIDPEREZ ERICAPEREZ FERNANDOPEREZ GILBERTOPEREZ GUSTAVOPEREZ JOSEPEREZ JOSEPEREZ JOSEARTUROPEREZ JOSEPHPEREZ
JUANPEREZ JUANPEREZ JUANPEREZ KENNETHLPEREZ LOUIEDPEREZ LOUISPEREZ LUISPEREZ MARCOSPEREZ MARTINPEREZ OSCARPEREZ SERGIOPEREZ URIELPEREZ VIRGINIAPEREZ WILFREDOPEREZ
MANUELPEREZGUERRERO AROLDOPEREZROCHA MIGUELPEREZSERNA CESAROSCARPEREZVAZQUEZ ERNESTOPEREZ‑RAZO ALVAROPEREZ‑ROCHA ASAPERKINS CARLHPERKINS CHRISTOPHERPERKINS
DEREKCPERKINS JAMESCPERKINS JEREMYDALEPERKINS KEVINWPERKINS KRISTINPERKINS MICHAELPERKINS NICOLEDPERKINS PATRICKMPERKINS RONALDPERKINS TRAVISPERKINS VICPPERKINS
JOHNRPERL DENNISPERLEY TESSAPERNSTEINER AMANDAPEROTTI JOSEPHPERRAULT SALVATOREJPERRERA NICOLEMARIEPERRIGIN CHRISTOPHERPERRIN LARRYNPERRINII BRANDONPERRY CARLOSAPERRY
CHRISTOPHERMPERRY ERNESTJPERRY GARYPERRY LARRYSPERRY LEONWPERRYIV MICHAELPERRYJR PHILLIPPERRY RAYAPERRY RICKYLPERRY RONALDPERRY RONNIEDPERRYJR RONNIEDPERRYSR
RUSSELLG PERRY STEVENCPERRY WALLYSCOTTPERRY WALTERRPERRY IV WALTER THOMAS PERRYII RODNEY PERSON WILLIAM TPERSUITTE RAJA PERUMAL CHRISTOPHERAPERZEE WAYNEPERZEE
Table of contents
-
Page 1
...M PARE WILLIAM PARE RAMON PAREDES DANIEL S PARENT DAVID F PARENT MARC PARENT JOSE PARGA ALAN PARIS SUSIE PARIS MICHAEL PARISE BILLY W PARISH JACOB R PARISH JASON PARISH JOSEPH H PARISH CHARLES PARISIEN RAYMOND PARISIEN SHANE D PARISOT CHRISTOPHER PARK DOUGLAS PARK JOE A PARK III TERRY B PARK WILLIAM... -
Page 2
-
Page 3
... 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 and Analysis of Financial Condition and Results of Operations cover... -
Page 4
... of the results of our operations to prevailing steel prices and changes in the supply and cost of raw materials, including pig iron, iron ore and scrap steel; (2) availability and cost of electricity and natural gas which could negatively affect our cost of steel production or could result in... -
Page 5
...the value chain and providing superior customer service. The can-do, take-charge attitude of Nucor teammates will enable us to realize these goals. John J. Ferriola Chairman, President and Chief Executive Officer Financial Highlights In 2013, Nucor earned $488.0 million, or $1.52 per diluted share... -
Page 6
... growth. Our most significant capital investment project was the $750 million direct reduced iron (DRI) plant in St. James Parish, Louisiana. Plant operations began on December 24, 2013. This is one of the largest DRI plants in the world, with a production capacity of 2.5 million tons annually... -
Page 7
..., Dan DiMicco retired as Executive Chairman after more than 30 years with Nucor. Dan's contributions to Nucor are well known. He served as CEO longer than anyone since company founder Ken Iverson. Dan led the company through two severe economic downturns and guided us through unprecedented growth... -
Page 8
... suggested renaming the company to Nucor in 1971. John Doherty, who helped build the company's first steel mill in South Carolina, passed away in April. Among his many other contributions to Nucor, John also designed mills and expansions in Nebraska, Texas, Utah, Arkansas and Indiana. The impact of... -
Page 9
... into new markets. John has provided more details on each of these projects in his letter. They are part of the board and executive team's strategy to position the company for future growth. Over the past few years, the board devoted significant time to developing a thoughtful, planned transition... -
Page 10
... R. DiMicco Nucor Steel Utah • Plant Metallurgist & Manager of Quality Control • 1982-1991 Nucor-Yamato Steel Company • General Manager & Vice President • 1991-1999 Executive Vice President • 1999-2000 | President, CEO and Chairman of the Board • 2000-2012 | Executive Chairman • 2013... -
Page 11
... 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 Nucor trading... -
Page 12
...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 County, South Carolina. Both mills use a special... -
Page 13
... $1 per ton from 2012 to 2013, primarily due to the negative impact of natural gas hedge settlements on our overall natural gas costs in 2012. Because of the efficiency of Nucor steel mills, the 2013 energy costs were less than 6% of the net sales dollar. The operations in the rolling mills are... -
Page 14
... manage its supply needs. INTERNATIONAL STEEL MILL JOINT VENTURE Nucor owns 50% of the stock of Duferdoï¬n 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 mills... -
Page 15
14 STEEL PRODUCTS SEGMENT REINFORCING PRODUCTS BUILDINGS GROUP VULCRAFT & VERCO COLD FINISH STEEL MESH GRATING & FASTENERS HARRIS CORPORATE OFFICE NUCOR CORPORATE OFFICE HAWAII REINFORCING PRODUCTS Harris Steel fabricates, installs and distributes rebar for highways, bridges and other ... -
Page 16
... mesh facilities is approximately 128,000 tons. Our mesh facility at Nucor Wire Products Pennsylvania, Inc. was sold 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... -
Page 17
... 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 2013, steel deck sales increased 8% to 334,000 tons, compared with 308,000 tons in 2012. Material costs... -
Page 18
17 625 500 500 400 375 300 250 200 thousands of tons 125 thousands of tons 100 year 04 05 06 07 08 09 10 11 12 13 year 04 05 06 07 08 09 10 11 12 13 STEEL JOIST PRODUCTION STEEL DECK SALES -
Page 19
... and components throughout the United States under the following brands: Nucor Building 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... -
Page 20
... 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 as Laurel Steel. The total capacity of the Nucor cold ï¬nished bar and wire facilities is approximately 860,000 tons per year. In 2013... -
Page 21
... greater control over our key steel mill metallic inputs. SCRAP PROCESSING BROKERAGE OFFICES DRI PLANTS OTHER DJJ CORPORATE OFFICE NUCOR CORPORATE OFFICE TRINIDAD Brokerage ofï¬ce in Hong Kong, China not shown. SCRAP RECYCLING AND BROKERAGE OPERATIONS The David J. Joseph Company and... -
Page 22
... and the new Louisiana DRI plant, together with Nucor's ability to ensure a long-term low cost of natural gas, are important phases in the execution of Nucor's raw material strategy of providing between six and seven million tons per year of low-cost, high-quality iron units to our steel mills. -
Page 23
... slightly in 2014, it is unlikely that average capacity utilization rates will increase signiï¬cantly. The average utilization rates of all operating facilities in our steel mills, steel products and raw materials segments were approximately 74%, 58% and 62%, respectively, in 2013, compared with... -
Page 24
... based on their business needs and our pricing competitiveness compared to both domestic and global producers and trading companies, we also sell contract tons, primarily in our sheet operations. Approximately 65% of our sheet sales was to contract customers in 2013 (65% in 2012), with the balance... -
Page 25
... 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, which is closely tied to our levels of production, also allows us to keep our work force intact and to continue operating our facilities when... -
Page 26
...material effect on our results of operations for a reporting period as well. Proï¬t sharing costs vary signiï¬cantly from period to period as they are based upon changes in our pre-tax earnings and are a reï¬,ection of our pay-for-performance system that is closely tied to our levels of production... -
Page 27
...distribution business is included for the entire year in 2013. Skyline was only included in 2012 after its June 20, 2012 acquisition date. Skyline has higher average sales prices for its products because of the value-added functions it provides to its customers. Demand in nonresidential construction... -
Page 28
... to increased metal margins from our sheet, structural and plate products. Scrap prices are driven by global supply and demand for scrap and other iron-based raw materials used to make steel. We experienced less quarterly volatility in scrap costs during 2013 than in 2012. We expect that early 2014... -
Page 29
... 2012 acquisition date during 2012. Additionally, in the third quarter of 2013, a storage dome collapsed at Nucor Steel Louisiana in St. James Parish. As a result, Nucor recorded a partial write-down of assets at the facility, including $7.0 million of inventory and $21.0 million of property, plant... -
Page 30
... the dome collapse at Nucor Steel Louisiana. Nucor Steel Louisiana also had increased startup costs in 2013 as it began production in late December. An unplanned 18-day outage at our Trinidad DRI facility in early 2013 also contributed to lower profitability for the raw materials segment in 2013 as... -
Page 31
... Steel products Raw materials Total net sales to external customers 2012 $13,781,797 3,738,381 1,909,095 $19,429,273 percent dollars 2011 $14,463,683 3,431,490 2,128,391 $20,023,564 % Change -5% 9% -10% -3% Net sales for 2012 decreased 3% from the prior year. The average sales price per ton... -
Page 32
... purchase accounting adjustments associated with our acquisition of Skyline. • Total energy costs decreased $2 per ton from 2011 to 2012 due primarily to lower natural gas unit costs. Due to the efï¬ciency of Nucor's steel mills, energy costs remained less than 6% of the sales dollar in 2012... -
Page 33
...for the loss on the sale of the assets of Nucor Wire Products Pennsylvania, Inc. Also contributing to the increase in marketing, administrative and other expenses in 2012 was the inclusion of Skyline's results since the acquisition date and a general increase in the steel products segment related to... -
Page 34
...of Nucor Wire Products Pennsylvania, Inc. At our rebar fabrication businesses, 2012 shipments to outside customers increased 10% over 2011, which led to improved proï¬tability within the segment. Although the segment experienced market share gains, improved pricing and effective management of costs... -
Page 35
...to the construction of our DRI facility in Louisiana and the funding of our natural gas working interest drilling program. Offsetting the increase in capital expenditures was the decrease in acquisitions. In 2012, Nucor invested $760.8 million in the acquisition of other companies (primarily Skyline... -
Page 36
... is estimated using applicable rates at December 31, 2013 for Nucor's outstanding fixed and variable rate debt. (2) Nucor enters into contracts for the purchase of scrap and scrap substitutes, iron ore, electricity, natural gas and other raw materials and related services. These contracts include... -
Page 37
... that build our long-term earnings power. Capital expenditures are currently projected to be approximately $600 million in 2014, which is signiï¬cantly lower than in 2013 mainly due to the joint agreement with Encana to temporarily suspend drilling new natural gas wells given current gas price... -
Page 38
... of raw material inventories purchased during periods of peak market pricing held by subsidiaries valued using the FIFO method of accounting would most likely be impacted. Low utilization rates at our steel mills could hinder our ability to work through high-priced scrap and scrap substitutes... -
Page 39
... the testing date (including market share, sales volumes and prices, costs to produce and estimated capital needs); (b) an estimated terminal value using a terminal year growth rate determined based on the growth prospects of the reporting unit; (c) a discount rate based on management's best... -
Page 40
...ï¬nancial impact of accounting pronouncements recently issued or proposed but not yet required to be adopted. RECLASSIFICATIONS In the ï¬rst quarter of 2013, we began reporting the results of Nucor's steel trading businesses and rebar distribution businesses in the steel mills segment. Previously... -
Page 41
...000 4,000 4,000 3,000 3,000 2,000 2,000 millions of dollars millions of dollars 1,000 1,000 year 04 05 06 07 08 09 10 11 ... 5,000 8,000 4,000 6,400 3,000 4,800 2,000 3,200 millions of dollars millions of dollars 1,000 1,600 year 04 05 06 07 08 09 10 11 12 13... -
Page 42
... 11 12 13 year 04 05 06 07 08 09 10 11 12 13 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 1,200 500 960 400 720 300 480 200 millions of dollars millions of dollars 240 100 year 04 05 06 07 08 09 10 11 12 13 year 04 05... -
Page 43
...T Y Product Sheet Bar Structural Plate Total 2 013 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 Fastener Total... -
Page 44
... 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 provided by operating activities Current ratio Property, plant and... -
Page 45
... inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Management assessed the effectiveness of Nucor's internal control over financial reporting as of December 31, 2013. In making this assessment, management used criteria set... -
Page 46
... of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement and whether effective internal control over financial reporting was... -
Page 47
... 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 (Note 18) Accrued expenses and other current liabilities (Notes... -
Page 48
... (Note 20) NET EARNINGS EARNINGS ATTRIBUTABLE TO NONCONTROLLING INTERESTS NET EARNINGS ATTRIBUTABLE TO NUCOR STOCKHOLDERS NET EARNINGS PER SHARE (Note 22): Basic Diluted See notes to consolidated ï¬nancial statements. (in thousands, except per share data) 2013 $19,052,046 2012 $19,429,273 17... -
Page 49
...earnings, net of income taxes of $0, $25,000 and $21,800 for 2013, 2012 and 2011, respectively Foreign currency translation gain (loss), net of income taxes of ($600), $0 and $100 for 2013, 2012 and 2011, respectively Adjustment to early retiree medical plan...TO NUCOR STOCKHOLDERS See notes to consolidated ï¬nancial ... -
Page 50
... 25,624 1,600 (462,610) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ($27,776) (in thousands, except per share data) TREASURY STOCK (AT COST) SHARES AMOUNT 59,660 ($1,509,841) TOTAL NUCOR NONSTOCKHOLDERS' CONTROLLING EQUITY INTERESTS $7,120,070 778,188 (10,401) 8,097 9,850 (170) 4,307 30,091 1,600... -
Page 51
...in (earnings) losses of unconsolidated affiliates Impairment of non-current assets Loss on assets Changes in assets and liabilities (exclusive of acquisitions and dispositions): Accounts receivable Inventories Accounts payable Federal income taxes Salaries, wages and related accruals Other operating... -
Page 52
... DECEMBER 31, 2013, 2012 AND 2011 1. NATURE OF OPERATIONS AND BASIS OF PRESENTATION Nature of Operations Nucor is principally a manufacturer of steel and steel products, as well as a scrap broker and processor, with operating facilities and customers primarily located in North America. Principles... -
Page 53
... partially manage its exposure to price risk related to natural gas purchases used in the production process and to changes in interest rates on outstanding debt instruments. Nucor also uses derivatives to hedge a portion of our scrap, copper and aluminum purchases and sales. In addition, Nucor uses... -
Page 54
... sheet piling from Nucor-Yamato Steel Company. We have allocated the purchase price for Skyline to its individual assets acquired and liabilities assumed. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed of Skyline as of the date of acquisition... -
Page 55
... statement of earnings. In November 2012, Nucor acquired a 50% economic and voting interest in Hunter Ridge Energy Services LLC (Hunter Ridge). Hunter Ridge provides services for the gathering, separation and compression of energy products, including natural gas produced by Nucor's working interest... -
Page 56
... years for buildings and improvements and 2 to 15 years for machinery and equipment. The useful life for proved oil and gas properties is based on the unit-of-production method and varies by well. In the third quarter of 2013, a storage dome collapsed at Nucor Steel Louisiana in St. James Parish. As... -
Page 57
..., Nucor's steel trading businesses and rebar distribution businesses were reported in the "All other" category. Beginning in the ï¬rst quarter of 2013, these businesses were reclassiï¬ed to the steel mills segment as part of a realignment of Nucor's reportable segments to better reï¬,ect the way... -
Page 58
...% of the equity interest in Steel Technologies LLC, an operator of 24 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 NuMit... -
Page 59
...current assets in the consolidated statements of earnings. 11. CURRENT LIABILITIES Book overdrafts, included in accounts payable in the consolidated balance sheets, were $81.6 million at December 31, 2013 ($53.8 million at December 31, 2012). Dividends payable, included in accrued expenses and other... -
Page 60
... The par value of Nucor's common stock is $0.40 per share and there are 800 million shares authorized. In addition, 250,000 shares of preferred stock, par value of $4.00 per share, are authorized, with preferences, rights and restrictions as may be fixed by Nucor's board of directors. There are no... -
Page 61
... in Earnings on Derivatives 2013 2012 $4,622 112 $4,734 $1,321 198 $1,519 2011 Commodity contracts Foreign exchange contracts Total Cost of products sold Cost of products sold $11,757 (665) $11,092 During the first quarter of 2012, Nucor settled all of its open natural gas forward purchase... -
Page 62
... The debt fair value estimates are classified under Level 2 because such estimates are based on readily available market prices of our debt at December 31, 2013 and 2012, or similar debt with the same maturities, rating and interest rates. 16. CONTINGENCIES Nucor is subject to environmental laws and... -
Page 63
...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 since 2010 are generally exercisable at the end of three years and have a term of... -
Page 64
... Executive Development Committee of the Board of Directors after satisfying age and years of service requirements. RSUs granted to non-employee directors are fully vested on the grant date and are payable to the non-employee director in the form of common stock after the termination of the director... -
Page 65
... to be recognized over a weighted-average period of two years. Restricted Stock Awards Nucor's Senior Officers Long-Term Incentive Plan (the LTIP) and Annual Incentive Plan (the AIP) authorize the award of shares of common stock to officers subject to certain conditions and restrictions. The LTIP... -
Page 66
... a weighted-average period of 1.7 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 $71.7 million in 2013 ($77.7 million in 2012 and... -
Page 67
... deduction Equity in losses of foreign joint ventures Foreign rate differential Noncontrolling interests Out of period correction to deferred taxes Other, net Provision for income taxes 2013 35.00% 0.02 (0.79) (1.74) 1.36 (2.35) (4.32) (2.57) 1.38 25.99% 2012 35.00% 0.75 - (3.25) 1.43 0.60... -
Page 68
... expire between 2014 and 2033. Foreign net operating loss carryforwards were $50.5 million at December 31, 2013 ($59.2 million at December 31, 2012). If unused, they will expire between 2027 and 2033. At December 31, 2013, Nucor had approximately $66.0 million of unrecognized tax benefits, of which... -
Page 69
... 31, 2012). Nucor has concluded U.S. federal income tax matters for years through 2009. The 2010 to 2013 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... -
Page 70
...changes in accumulated other comprehensive (loss) income by component: (in thousands) Gains and Losses on Hedging Derivatives Balance, December 31, 2012 Other comprehensive income (loss) before reclassiï¬cations Amounts reclassiï¬ed from accumulated other comprehensive income (loss) into earnings... -
Page 71
..., 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 and Nucor Steel Louisiana, two facilities that produce DRI used by the steel mills; our natural gas working... -
Page 72
... Earnings (loss) before income taxes and noncontrolling interests: Steel mills Steel products Raw materials Corporate/eliminations Segment assets: Steel mills Steel products Raw materials Corporate/eliminations Capital expenditures: Steel mills Steel products Raw materials Corporate 2013 2012... -
Page 73
72 Net sales by product were 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 2013 2012 2011 $ 5,219,464 3,730,328 2,558,538 1,803,618 3,607,333 2,132,... -
Page 74
.... Not pictured: Gregory J. Hayes. BOARD OF DIRECTORS Peter C. Browning Managing Director Peter C. Browning & Associates, LLC John J. Ferriola Chairman, President and Chief Executive Officer Nucor Corporation Harvey B. Gantt Principal Gantt Huberman Architects A Division of Bergmann Associates, Inc... -
Page 75
..., 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 Division) Carson City, Nevada John... -
Page 76
..., General Manager Bar Mill Division, Cold Finish Division Darlington, South Carolina Gary Richmond President and Chief Executive Ofï¬cer Harris Steel Group Inc. Brian Rutter President Fisher & Ludlow Mark Schaefer Vice President of Nucor Executive Vice President of The David J. Joseph Company James... -
Page 77
... 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 78
...A RISINGER KENNETH W RISKE 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 JOHN RITTER RUSSELL RITTER ANTONIO RIVAS JR EDWARDO RIVAS JESSE A RIVAS JUAN RIVAS MICHELLE RIVAS OSCAR RIVAS... -
Page 79
... JOHN RUSHING JOSEPH GREGORY RUSHING DONNA RUSHTON TRAVIS RUSIN JILLIAN RUSS ROBERT RUSS PAUL D RUSSEL BRYAN K RUSSELL EDWARD E RUSSELL FORREST J RUSSELL GARY L RUSSELL GENE DILLARD RUSSELL GILES W RUSSELL JACK B RUSSELL JOEL W RUSSELL JONATHAN A RUSSELL LARRY D RUSSELL LAUREN RUSSELL LUCAS RUSSELL... -
Page 80
... DAVID SHUMATE JAMES W SHUMPERT TONY J SHUNNARAH CHESTER W SHUSTER ADAM J SHUTTS MICHAEL SHUTTS JR JOHN R SHVEYDA ROBERT SHY CHERRI SICARD CHARLES SICKELS CHRISTOPHER S SICKELS JOSHUA SICKELS DOUGLAS E SIDDALL GERALD SIDDALL JOSEPH SIDDLE BRIAN J SIDES JOHN W SIDES JR WILLIAM R SIDES JASON DANIEL... -
Page 81
...GEORGE E TAYLOR GREG A TAYLOR GREGG A TAYLOR ISAIAH TAYLOR JAMES TAYLOR JAMES R TAYLOR JASON TAYLOR JAY B TAYLOR JEB S TAYLOR JERMAINE TAYLOR JIMMY W TAYLOR JOE M TAYLOR JOHN TAYLOR JONATHAN R TAYLOR JOSEPH... JR WALTER L USREY JOSHUA ROBERT USSERY D CHAD UTERMARK SHERMAN L UTLEY THOMAS E UTT SCOTT M ... -
Page 82
... ERIC WILSON ERIC D WILSON FREDERICK WILSON GARRICK W WILSON GARY WILSON JAMES WILSON JAMES B WILSON JAMES LANGFORD WILSON JARED WILSON JEFFERY OLEN WILSON JERALD WAYNE WILSON JIMMY WILSON JOE T WILSON III JOHN WILSON JOSEPH K WILSON JOSHUA ALLEN WILSON KAY M WILSON KENNETH M WILSON KENT WILSON... -
Page 83
...ASHER FERGUSON ASHIHI JEFFERY ASHIHI GRANT NEAL ASHLEY JERRY ASHLEY LARRY ASHLEY MATTHEW HARRELL ASHLEY THOMAS H ASHLEY THOMAS K ASHLEY D MCKADE ASHLIMAN DARWIN L ASHLIMAN JOHN NEAL ASHMORE JOSEPH ASHMORE RANDY ASHURST BRANDON ASHWORTH JAMES D ASHWORTH RONALD W ASHWORTH JOSEPH P ASKEW ROBERT R ASKEW... -
Page 84
... BROWN JAMES BROWN JAMES A BROWN JAMES A BROWN JAMES A BROWN JAMES E BROWN JAMES LEBRON BROWN JAMES V BROWN JR JAMES W BROWN JARED BROWN JASON H BROWN JEFFREY BROWN JEFFREY A BROWN JERRY BROWN JERRY T BROWN JOE L BROWN JOHN D BROWN JOHN T BROWN JOHNNY MACK BROWN JONATHAN BROWN JOSEPH J BROWN JOSEPH... -
Page 85
...CHANDERBALLY DEANTHONY CHANDLER JAMES H CHANDLER JAMES H CHANDLER III MATTHEW CLAYTON CHANDLER MICHAEL J CHANDLER ROBERT E CHANDLER SHRUTI CHANDRA BRAD D CHANEY RONALD CHANEY WILLIAM CHANEY TANYA CHANG CASEY B CHANLEY JOSEPH CHANSUOLME GEORGE CHANTAL FORREST D CHAP CHAD A CHAPEK ADAM... -
Page 86
...DREXLER MAX DREYLING RICHARD W DRIESSEN BOBBY R DRIGGERS CHARLES JAMES DRIGGERS DARREN L DRIGGERS GEORGE P DRIGGERS III STEVEN A DRIGGERS KENNETH DRIGGINS JOHN L DRISLAN PRENTICE L DRIVER WALTER DROCZAK STEVEN W DROLLINGER CLIFFORD JOSEPH DROUET JR DEAN A DRUDGE WILLIAM DRUDY DUSTIN... -
Page 87
... JUSTIN FRAUSTO RONDA R FRAY ALBERT V FRAZIER III DEBBIE B FRAZIER DUSTIN A FRAZIER JOE FRAZIER KENT FRAZIER LUCIAN FRAZIER MICHAEL D FRAZIER REBECCA FRAZIER RUSSELL FRAZIER TYLER C FRAZIER JOSEPH FRAZZETTA JOHN FRAZZINI JERRY H FREDERE DAVID J FREDERICK GREGORY FREDERICK SHERWOOD W FREDERICK TERRY... -
Page 88
... CLARENCE BILL GRANGER MICHAEL C GRANGER ROBERT GRANGER RUSSELL GRANNUM COREY G GRANQUIST TYLER GRANSHAW BRANDON J GRANT CHRIS A GRANT DANIEL C GRANT FREDERICK GRANT GENERAL D GRANT GEORGE R GRANT JR JACOB W GRANT JAMES GRANT JEFF E GRANT JENNA W GRANT KATONI GRANT LOYD PRESTON GRANT NATHAN D GRANT... -
Page 89
... STEVE D HESTER W SCOTT HESTER CHAD N HETHCOCK PIYAL HETTIARACHCHI JEFF V HEUSSER G K HEWETT LESLIE HEWETT JR TY HEWETT CALVIN HEWINES AVERY R HEWITT HARRY M HEWITT JAMES R HEWITT VICTORIA HEWITT RYAN A HEWSON MATTHEW G HEY JOHN HEYEN MATTHEW HEYNS ALEATRA HEYWARD JAMES HEZLEP KELSEY LYNN HIBBARD... -
Page 90
...JONES ROBERT A JONES RUSSELL W JONES RYAN ...CHAD KING CHRISTOPHER J KING CLARENCE R KING DANNY JOE KING DARYL C KING DAVID KING DENISE O KING DONNA M KING FULLER H KING III HAROLD KING HARRISON KING JACK C KING JR JAMES KING JAMES A KING JASON KING JEFFERY M KING JOEY B KING JOHN S KING JOSEPH... LAUREN ... -
Page 91
...STEVE LENTZNER JAMES CLARK LENZ ALAN LENZI ADAM LEOHNER ADAM LEOHNER CATHERINE LEON EFREN LEON HECTOR LEON JAIME LEON LINDA LEON LOUIE LEON LUIS LEON RODNEY LEON LA TORRE CHAD M LEONARD CHARLES E LEONARD JR GUY LEONARD HARRY N LEONARD JENNIFER LEONARD JOHN LEONARD JONATHAN A LEONARD JOSEPH F LEONARD... -
Page 92
... A MILLIGAN THOMAS D MILLIGAN JIMMY D MILLIKAN DAN MILLIKEN DEBORAH J MILLION BONNIE MILLS BRIAN MILLS BRIAN D MILLS CHRISTOPHER MARTIN MILLS GLENN M MILLS HAL R MILLS MICHAEL L MILLS NICHOLE D MILLS RICHARD D MILLS PHILLIP MILLSAPS DWANA MILNER JOSEPH MILNES MELISSA MILTEER NIRUPA MINASANDRAM BRIAN...