Nucor 2015 Annual Report Download - page 77

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75
Nucor’s results by segment are as follows:
(in thousands)
Year Ended December 31, 2015 2014 2013
Net sales to external customers:
Steel mills $11,084,331 $14,723,642 $13,311,948
Steel products 3,966,895 4,032,385 3,607,333
Raw materials 1,388,050 2,349,114 2,132,765
$16,439,276 $21,105,141 $19,052,046
Intercompany sales:
Steel mills $ 2,152,157 $ 2,904,317 $ 2,563,554
Steel products 90,969 105,383 97,090
Raw materials 6,279,316 9,618,145 9,116,860
Corporate/eliminations (8,522,442) (12,627,845) (11,777,504)
$ — $ — $ —
Depreciation expense:
Steel mills $ 381,352 $ 366,568 $ 332,258
Steel products 39,512 42,777 42,737
Raw materials 198,705 235,443 154,065
Corporate 6,188 7,212 6,792
$ 625,757 $ 652,000 $ 535,852
Amortization expense:
Steel mills $ 18,789 $ 15,269 $ 13,911
Steel products 23,932 27,644 31,082
Raw materials 31,539 29,510 29,363
$ 74,260 $ 72,423 $ 74,356
Earnings (loss) before income taxes
and noncontrolling interests:
Steel mills $ 629,793 $ 1,594,352 $ 1,156,715
Steel products 276,048 166,323 82,129
Raw materials (283,938) (29,053) 13,686
Corporate/eliminations 87,335 (527,045) (461,407)
$ 709,238 $ 1,204,577 $ 791,123
Segment assets:
Steel mills $ 7,318,706 $ 8,528,623 $ 7,787,464
Steel products 2,485,122 2,731,320 2,710,597
Raw materials 3,123,190 3,858,254 3,896,331
Corporate/eliminations 1,323,381 497,730 808,891
$14,250,399 $15,615,927 $15,203,283
Capital expenditures:
Steel mills $ 248,532 $ 343,767 $ 589,621
Steel products 41,291 27,262 22,472
Raw materials 74,607 197,252 610,745
Corporate 338 586 7,580
$ 364,768 $ 568,867 $ 1,230,418