Nucor 2013 Annual Report Download - page 48

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4747
CONSOLIDATED STATEMENTS OF EARNINGS
CONSOLIDATED STATEMENTS OF EARNINGS (in thousands, except per share data)
Year Ended December 31, 2013 2012 2011
NET SALES $19,052,046 $19,429,273 $20,023,564
COSTS, EXPENSES AND OTHER:
Cost of products sold (Notes 1, 6, 14 and 18) 17,641,421 17,915,735 18,142,144
Marketing, administrative and other expenses (Notes 1, 3 and 7) 481,904 454,900 439,528
Equity in (earnings) losses of unconsolidated affiliates (Note 10) (9,297) 13,323 10,043
Impairment of non-current assets (Note 10) — 30,000 13,943
Interest expense, net (Notes 19 and 20) 146,895 162,375 166,094
18,260,923 18,576,333 18,771,752
EARNINGS BEFORE INCOME TAXES AND
NONCONTROLLING INTERESTS 791,123 852,940 1,251,812
PROVISION FOR INCOME TAXES (Note 20) 205,594 259,814 390,828
NET EARNINGS 585,529 593,126 860,984
EARNINGS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 97,504 88,507 82,796
NET EARNINGS ATTRIBUTABLE TO NUCOR STOCKHOLDERS $ 488,025 $ 504,619 $ 778,188
NET EARNINGS PER SHARE (Note 22):
Basic $1.52 $1.58 $2.45
Diluted $1.52 $1.58 $2.45
See notes to consolidated financial statements.