Nucor 2013 Annual Report Download - page 73

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72
Net sales by product were as follows. Further product group breakdown is impracticable.
(in thousands)
Year Ended December 31, 2013 2012 2 011
Net sales to external customers:
Sheet $ 5,219,464 $ 5,540,868 $ 5,967,756
Bar 3,730,328 3,999,911 4,237,154
Structural 2,558,538 2,301,778 2,049,907
Plate 1,803,618 1,939,240 2,208,866
Steel products 3,607,333 3,738,381 3,431,490
Raw materials 2,132,765 1,909,095 2,128,391
$19,052,046 $19,429,273 $20,023,564
24. QUARTERLY INFORMATION (UNAUDITED)
(in thousands, except per share data)
Year Ended December 31, First Quarter Second Quarter Third Quarter Fourth Quarter
2013
Net sales $4,550,772 $4,665,588 $4,940,936 $4,894,750
Gross margin(1) 303,216 313,125 408,543 385,741
Net earnings(2) 110,728 106,270 178, 115 190,416
Net earnings attributable
to Nucor stockholders(2) 84,789 85,145 147,597 170,494
Net earnings per share:
Basic 0.26 0.27 0.46 0.53
Diluted 0.26 0.27 0.46 0.53
2012
Net sales $5,072,594 $5,104,199 $4,801,206 $4,451,274
Gross margin(3) 380,527 399,930 348,733 384,348
Net earnings(4) 163,412 139,567 129,892 160,255
Net earnings attributable
to Nucor stockholders(4) 145,104 112,299 110,308 136,908
Net earnings per share:
Basic 0.46 0.35 0.35 0.43
Diluted 0.46 0.35 0.35 0.43
(1) Nucor incurred a LIFO charge of $18.0 million in the first quarter, no charge or credit recorded in the second quarter, a LIFO credit of $18.0 million in the third quarter and a
LIFO charge of $17.4 million in the fourth quarter.
(2) Third quarter results included a net $14.0 million pre-tax charge related to a partial write-down of inventory and fixed asset balances associated with the collapse of a storage dome
at Nucor Steel Louisiana in St. James Parish. The fourth quarter was impacted by an out-of-period non-cash gain of $21.3 million related to a correction to deferred tax balances.
(3) Nucor incurred a LIFO charge of $14.5 million in the first quarter and recorded LIFO credits of $14.5 million, $84.0 million and $71.9 million in the second, third and fourth
quarters, respectively. Inventory-related purchase accounting adjustments, associated with the acquisition of Skyline, of $8.6 million, $28.2 million and $12.0 million were
recorded in the second, third and fourth quarters, respectively.
(4) The second quarter includes a pre-tax charge of $30.0 million for impairment of Nucor’s equity investment in Nucor Duferdofin S.r.l. The third quarter includes a pre-tax charge
of $17.6 million related to the loss on the sale of the assets of Nucor Wire Products Pennsylvania, Inc.