Steel Dynamics Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $534.1M | $403.4M | $266.0M | $403.7M | $298.7M | $217.2M | $207.3M | $317.8M |
| Depreciation & Amortization | $173.9M | $159.3M | $146.3M | $138.5M | $132.9M | $133.8M | $125.6M | $121.1M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $7.7M | $7.8M | $7.2M | $6.9M | $6.9M | $6.9M | $7.6M | $7.6M |
| Stock-Based Compensation | $14.2M | $17.5M | $23.6M | $14.2M | $14.1M | $17.0M | $25.1M | $12.8M |
| Net Cash from Operating Activities | $427.9M | $148.3M | $272.7M | $722.6M | $301.6M | $152.6M | $346.9M | $759.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $123.8M | $138.0M | $188.5M | $165.7M | $288.3M | $305.5M | $453.2M | $621.4M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-118.0M | $-139.1M | $-370.0M | $-120.5M | $-305.7M | $-178.8M | $51.2M | $-852.0M |
| Financing Activities | ||||||||
| Dividends Paid | $76.6M | $72.5M | $73.1M | $73.9M | $74.7M | $69.5M | $70.4M | $71.6M |
| Stock Repurchases | $200.3M | $115.1M | $240.3M | $210.4M | $200.0M | $250.1M | $295.1M | $309.9M |
| Net Cash from Financing Activities | $-298.7M | $-222.8M | $96.8M | $-289.7M | $-724.8M | $623.3M | $-823.8M | $277.4M |
| Net Change in Cash | $11.2M | $-213.5M | $-425.0K | $312.4M | $-728.9M | $597.1M | $-425.7M | $185.2M |
| Free Cash Flow | $304.1M | $10.3M | $84.2M | $556.9M | $13.3M | $-152.9M | $-106.3M | $138.5M |