Nucor 2013 Annual Report Download - page 44

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43
FIVE-YEAR FINANCIAL REVIEW
(dollar and share amounts in thousands, except per share data)
2013 2012 2011 2010 2009
FOR THE YEAR
Net sales $19,052,046 $19,429,273 $20,023,564 $15,844,627 $11,190,296
Costs, expenses and other:
Cost of products sold 17,641,421 17,915,735 18,142,144 15,060,882 11,090,230
Marketing, administrative and other expenses 481,904 454,900 439,528 331,455 296,951
Equity in (earnings) losses of unconsolidated affiliates (9,297) 13,323 10,043 32,082 82,341
Impairment of non-current assets — 30,000 13,943 — —
Interest expense, net 146,895 162,375 166,094 153,093 134,752
18,260,923 18,576,333 18,771,752 15,577,512 11,604,274
Earnings (loss) before income taxes
and noncontrolling interests 791,123 852,940 1,251,812 267,115 (413,978)
Provision for (benefit from) income taxes 205,594 259,814 390,828 60,792 (176,800)
Net earnings (loss) 585,529 593,126 860,984 206,323 (237,178)
Earnings attributable to noncontrolling interests 97,504 88,507 82,796 72,231 56,435
Net earnings (loss) attributable to Nucor stockholders 488,025 504,619 778,188 134,092 (293,613)
Net earnings (loss) per share:
Basic 1.52 1.58 2.45 0.42 (0.94)
Diluted 1.52 1.58 2.45 0.42 (0.94)
Dividends declared per share 1.4725 1.4625 1.4525 1.4425 1.41
Percentage of net earnings (loss) to net sales 2.6% 2.6% 3.9% 0.8% -2.6%
Return on average stockholders’ equity 6.4% 6.7% 10.7% 1.8% -3.8%
Capital expenditures 1,230,418 1,019,334 450,627 345,294 390,500
Acquisitions (net of cash acquired) — 760,833 3,959 64,788 32,720
Depreciation 535,852 534,010 522,571 512,147 494,035
Sales per employee 859 906 974 777 539
AT YEAR END
Current assets $ 6,410,046 $ 5,661,364 $ 6,708,081 $ 5,861,175 $ 5,182,248
Current liabilities 1,960,216 2,029,568 2,396,059 1,504,438 1,227,057
Working capital 4,449,830 3,631,796 4,312,022 4,356,737 3,955,191
Cash provided by operating activities 1,077,949 1,200,385 1,031,053 866,794 1,173,194
Current ratio 3.3 2.8 2.8 3.9 4.2
Property, plant and equipment, net 4,917,024 4,283,056 3,755,604 3,852,118 4,013,836
Total assets 15,203,283 14,152,059 14,570,350 13,921,910 12,571,904
Long-term debt (including current maturities) 4,380,200 3,630,200 4,280,200 4,280,200 3,086,200
Percentage of debt to capital(1) 35.6% 31.5% 35.7% 36.9% 28.9%
Total Nucor stockholders’ equity 7,645,769 7,641,571 7,474,885 7,120,070 7,390,526
Per share 24.02 24.06 23.60 22.55 23.47
Shares outstanding 318,328 317,663 316,749 315,791 314,856
Employees 22,300 22,200 20,800 20,500 20,400
(1) Long-term debt divided by total equity plus long-term debt.