Nucor 2015 Annual Report Download - page 47

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45
FIVE-YEAR FINANCIAL REVIEW
(dollar and share amounts in thousands, except per share data)
2015 2014 2013 2012 2011
FOR THE YEAR
Net sales $16,439,276 $21,105,141 $19,052,046 $ 19,429,273 $20,023,564
Costs, expenses and other:
Cost of products sold 14,858,014 19,198,615 17,641,421 17,915,735 18,142,144
Marketing, administrative and other expenses 458,989 520,805 467,904 437,337 439,528
Equity in (earnings) losses of unconsolidated affiliates (5,329) (13,505) (9,297) 13,323 10,043
Impairments and losses on assets 244,833 25,393 14,000 47,563 13,943
Interest expense, net 173,531 169,256 146,895 162,375 166,094
15,730,038 19,900,564 18,260,923 18,576,333 18,771,752
Earnings before income taxes
and noncontrolling interests 709,238 1,204,577 791,123 852,940 1,251,812
Provision for income taxes 213,154 388,787 205,594 259,814 390,828
Net earnings 496,084 815,790 585,529 593,126 860,984
Earnings attributable to noncontrolling interests 138,425 101,844 97,504 88,507 82,796
Net earnings attributable to Nucor stockholders 357,659 713,946 488,025 504,619 778,188
Net earnings per share:
Basic 1.11 2.22 1.52 1.58 2.45
Diluted 1.11 2.22 1.52 1.58 2.45
Dividends declared per share 1.4925 1.4825 1.4725 1.4625 1.4525
Percentage of net earnings to net sales 2.2% 3.4% 2.6% 2.6% 3.9%
Return on average stockholders’ equity 4.7% 9.3% 6.4% 6.7% 10.7%
Capital expenditures 364,768 568,867 1,230,418 1,019,334 450,627
Acquisitions (net of cash acquired) 19,089 768,581 — 760,833 3,959
Depreciation 625,757 652,000 535,852 534,010 522,571
Sales per employee 690 921 859 906 974
AT YEAR END
Current assets $ 5,754,380 $ 6,441,888 $ 6,410,046 $ 5,661,364 $ 6,708,081
Current liabilities 1,385,173 2,097,776 1,960,216 2,029,568 2,396,059
Working capital 4,369,207 4,344,112 4,449,830 3,631,796 4,312,022
Cash provided by operating activities 2,157,043 1,342,898 1,077,949 1,200,385 1,031,053
Current ratio 4.2 3.1 3.3 2.8 2.8
Property, plant and equipment, net 4,891,153 5,287,639 4,917,024 4,283,056 3,755,604
Total assets 14,250,399 15,615,927 15,203,283 14,152,059 14,570,350
Long-term debt (including current maturities) 4,360,600 4,376,935 4,380,200 3,630,200 4,280,200
Percentage of debt to capital(1) 35.9% 35.2% 35.6% 31.5% 35.7%
Total Nucor stockholders’ equity 7,416,878 7,772,470 7,645,769 7,641,571 7,474,885
Per share 23.33 24.36 24.02 24.06 23.60
Shares outstanding 317,962 319,033 318,328 317,663 316,749
Employees 23,700 23,600 22,300 22,200 20,800
(1) Long-term debt divided by total equity plus long-term debt.