Steel Dynamics Inc.: 10-K Risk Factor Changes

2024 vs 2023  ·  SEC EDGAR  ·  2026-07-05
Other years: 2026 vs 2025 · 2025 vs 2024
✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

17
New Risks
20
Removed
84
Modified
46
Unchanged
🟢 New in Current Filing Volatility and major fluctuations in prices and availability of scrap metal, scrap substitutes and supplies, and our potential inability to pass higher costs on to our customers, may constrain operating levels and reduce profit margins. 🔒
🟢 New in Current Filing Impairment charges may adversely affect our results of operations. 🔒
🟢 New in Current Filing Pandemics, epidemics, widespread illness or other health issues may adversely affect our business, results of operations, financial condition, cash flows, liquidity, and stock price. 🔒
🟢 New in Current Filing Derivative Financial Instruments 🔒
🟢 New in Current Filing Governmental agencies may refuse to grant or renew some of our licenses and permits required to operate our businesses. 🔒
🟢 New in Current Filing Steel Fabrication Operations Segment 🔒
🟢 New in Current Filing Variable Rate 🔒
🟢 New in Current Filing Balances at December 31, 2022 🔒
🟢 New in Current Filing Credit Losses 🔒
🟢 New in Current Filing Recently Issued Accounting Pronouncements 🔒
🟢 New in Current Filing Investments in Unconsolidated Affiliates 🔒
🟢 New in Current Filing Other Obligations 🔒
🟢 New in Current Filing Outstanding Debt Maturities 🔒
🟢 New in Current Filing Treasury Stock 🔒
🟢 New in Current Filing Long-Term Incentive Compensation Program (LTIP) 🔒
🔴 No Match in Current Filing Our level of production and our sales and earnings are subject to significant fluctuations as a result of the cyclical nature of the steel industry and some of the industries we serve. 🔒
🔴 No Match in Current Filing Unexpected equipment downtime or shutdowns may adversely affect our business, financial condition, results of operations and cash flows. 🔒
🟡 Modified Unexpected equipment downtime or shutdowns may adversely affect our business, financial condition, results of operations and cash flows. 🔒
🟡 Modified The cost and availability of electricity, natural gas, oil and other energy resources are subject to volatile market conditions. 🔒
🟡 Modified Risk Management and Strategy 🔒
🟡 Modified Business Combinations 🔒
🟡 Modified We may face significant price and other forms of competition from other steel and aluminum producers, scrap processors and alternative materials, which may adversely affect our business, financial condition, results of operations and cash flows. 🔒
🟢 New in Current Filing Principles of Consolidation 🔒
🟢 New in Current Filing (Denominator) 🔒
🔴 No Match in Current Filing Business Combinations 🔒
🟡 Modified Our level of production and our sales and earnings are subject to significant fluctuations as a result of the cyclical nature of the steel industry and some of the industries we serve. 🔒
🟡 Modified United Steel Supply 🔒
🔴 No Match in Current Filing The cost and availability of electricity, natural gas, oil and other energy resources are subject to volatile market conditions. 🔒
🔴 No Match in Current Filing Variable Rate 🔒
🔴 No Match in Current Filing Balances at January 1, 2020 🔒
🔴 No Match in Current Filing Revenue from Contracts with Customers 🔒
🔴 No Match in Current Filing Equity-Based Compensation 🔒
🔴 No Match in Current Filing Note 3. Long-Term Debt 🔒
🔴 No Match in Current Filing Other Obligations 🔒
🔴 No Match in Current Filing Outstanding Debt Maturities 🔒
🔴 No Match in Current Filing Financing Activity 🔒
🔴 No Match in Current Filing Compensation 🔒
🟡 Modified Liquidity and Capital Resources 🔒
🟡 Modified We may face risks associated with the implementation of our growth strategy. 🔒
🟡 Modified We are subject to cybersecurity threats and may face risks to the security of our sensitive data and information technology which may adversely affect our business, results of operations, financial condition and cash flows. 🔒
🟡 Modified Supplemental disclosure information: 🔒
🟡 Modified Revenue from Contracts with Customers 🔒
🟡 Modified Note 1. Description of the Business and Summary of Significant Accounting Policies (Continued) 🔒
🟡 Modified Earnings Per Share 🔒
🟡 Modified 2023 Overview 🔒
🔴 No Match in Current Filing (in thousands, except share data) 🔒
🔴 No Match in Current Filing December 31, 🔒
🔴 No Match in Current Filing Total liabilities 🔒
🔴 No Match in Current Filing Commitments and contingencies 🔒
🔴 No Match in Current Filing ​ Note 1. Description of the Business and Summary of Significant Accounting Policies (Continued) 🔒
🔴 No Match in Current Filing (Denominator) 🔒
🔴 No Match in Current Filing Note 6. Equity-Based Incentive Plans (Continued) 🔒
🟡 Modified Aluminum Dynamics 🔒
🟡 Modified Consolidated Results 2023 vs. 2022 🔒
🟡 Modified Opinion on Internal Control Over Financial Reporting 🔒
🟡 Modified Note 4. Income Taxes (Continued) 🔒
🟡 Modified Note 3. Long-Term Debt (Continued) 🔒
🟡 Modified Note 4. Income Taxes 🔒
🟡 Modified Aluminum Operations Segment 🔒
🟡 Modified Operating Statement Classifications 🔒
🟡 Modified Segment Results 2023 vs. 2022 🔒
🟡 Modified Inventories 🔒
🟡 Modified Note 3. Long-Term Debt 🔒
🟡 Modified Note 6. Equity-Based Incentive Plans (Continued) 🔒
🟡 Modified Description of the Business 🔒
🟡 Modified Metals Recycling Operations Segment 🔒
🟡 Modified Basis for Opinion 🔒
🟡 Modified Steel Fabrication Operations Segment 🔒
🟡 Modified For the Year Ended December 31, 2023 🔒
🟡 Modified Impairment of Long-Lived Tangible and Definite-Lived Intangible Assets 🔒
🟡 Modified Segment Results 2023 vs. 2022 🔒
🟡 Modified Note 1. Description of the Business and Summary of Significant Accounting Policies (Continued) 🔒
🟡 Modified Segment Results 2023 vs. 2022 🔒
🟡 Modified Redeemable noncontrolling interests 🔒
🟡 Modified Years Ended December 31, 🔒
🟡 Modified Years Ended December 31, 🔒
🟡 Modified Maximum Dollar Value of Shares That May Yet be Purchased Under the Program (in thousands) (1) 🔒
🟡 Modified Steel Fabrication Operations Segment 🔒
🟡 Modified Aluminum Operations Segment 🔒
🟡 Modified Note 4. Income Taxes (Continued) 🔒
🟡 Modified Compensation 🔒
🟡 Modified Cash Dividends 🔒
🟡 Modified Senior Unsecured Notes 🔒
🟡 Modified Award Issued/Issuable 🔒
🟡 Modified Balances at January 1, 2021 🔒
🟡 Modified Amortization 🔒
🟡 Modified Equity-Based Compensation 🔒
🟡 Modified Short-Term Investments 🔒
🟡 Modified Metric Tons 🔒
🟡 Modified For the Year Ended December 31, 2021 🔒
🟡 Modified when dilutive 🔒
🟡 Modified Investing activities: 🔒
🟡 Modified Inc. stockholders 🔒
🟡 Modified Comprehensive income attributable to Steel Dynamics, Inc. 🔒
🟡 Modified Income before income taxes 🔒
🟡 Modified Comprehensive income 🔒
🟡 Modified Property, Plant and Equipment 🔒
🟡 Modified Financing activities: 🔒
🟡 Modified Years Ended December 31, 🔒
🟡 Modified 2023 Equity Incentive Plan 🔒
🟡 Modified Total net sales 🔒
🟡 Modified Dividends declared per share 🔒
🟡 Modified Balances at December 31, 2023 🔒
🟡 Modified (Denominator) 🔒
🟡 Modified Intangible assets, net 🔒
🟡 Modified Years Ended December 31, 🔒
🟡 Modified Years Ended December 31, 🔒
🟡 Modified Total liabilities and equity 🔒
🟡 Modified Operating activities: 🔒
🟡 Modified Operating income 🔒
🟡 Modified Gross profit 🔒
🟡 Modified Valuation of Goodwill 🔒
🟡 Modified Current liabilities 🔒
🟡 Modified Current assets 🔒
🟡 Modified Net income attributable to Steel Dynamics, Inc. 🔒
🟡 Modified Other comprehensive income (loss) - net unrealized gain (loss) on cash flow 🔒
🟡 Modified Metals Recycling Operations Segment 🔒
🟡 Modified Senior Credit Facility due 2028 🔒
🟡 Modified For the Year Ended December 31, 2022 🔒
🟡 Modified Steel Operations Segment 🔒
🟡 Modified Steel Operations Segment 🔒
121 changes in this historical filing

Historical year-over-year comparisons (2024 vs 2023 and earlier) are available on the Pro plan.

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