NUCOR CORP
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
NUE$256.47+2.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities: | |||
| Net earnings before noncontrolling interests | $2,319 | $4,913 | $8,079 |
| Adjustments: | |||
| Depreciation | 1,094 | 931 | 827 |
| Amortization | 262 | 238 | 235 |
| Stock-based compensation | 132 | 130 | 137 |
| Deferred income taxes | (116) | 21 | (47) |
| Distributions from affiliates | 25 | 34 | 57 |
| Equity in earnings of unconsolidated affiliates | (30) | (13) | (11) |
| Losses and impairments of assets | 137 | — | 102 |
| Changes in assets and liabilities (exclusive of acquisitions and dispositions): | |||
| Accounts receivable | 319 | 664 | 501 |
| Inventories | 518 | (75) | 962 |
| Accounts payable | (321) | 361 | (496) |
| Federal income taxes | 97 | 188 | (337) |
| Salaries, wages and related accruals | (385) | (291) | 155 |
| Other operating activities | (72) | 11 | (92) |
| Cash provided by operating activities | 3,979 | 7,112 | 10,072 |
| Investing activities: | |||
| Capital expenditures | (3,173) | (2,214) | (1,948) |
| Investment in and advances to affiliates | — | (35) | — |
| Sale of business | 1 | — | 100 |
| Disposition of plant and equipment | 17 | 15 | 32 |
| Acquisitions (net of cash acquired) | (758) | (71) | (3,553) |
| Purchases of investments | (1,296) | (1,472) | (914) |
| Proceeds from the sale of investments | 1,487 | 1,317 | 590 |
| Other investing activities | (12) | (36) | (10) |
| Cash used in investing activities | (3,734) | (2,496) | (5,703) |
| Financing activities: | |||
| Net change in short-term debt | 105 | (25) | (59) |
| Proceeds from issuance of long-term debt, net of discount | — | — | 2,092 |
| Repayment of long-term debt | (10) | (10) | (1,111) |
| Bond issuance costs | — | — | (13) |
| Proceeds from exercise of stock options | 4 | 12 | 23 |
| Payment of tax withholdings on certain stock-based compensation | (53) | (49) | (64) |
| Distributions to noncontrolling interests | (352) | (435) | (332) |
| Cash dividends | (522) | (515) | (534) |
| Acquisition of treasury stock | (2,217) | (1,554) | (2,763) |
| Proceeds from government incentives | — | — | 275 |
| Other financing activities | (13) | (17) | (25) |
| Cash used in financing activities | (3,058) | (2,593) | (2,511) |
| Effect of exchange rate changes on cash | (16) | 3 | (6) |
| (Decrease) increase in cash and cash equivalents and restricted cash and cash equivalents | (2,829) | 2,026 | 1,852 |
| Cash and cash equivalents and restricted cash and cash equivalents - beginning of year | 6,387 | 4,361 | 2,509 |
| Cash and cash equivalents and restricted cash and cash equivalents - end of year | $3,558 | $6,387 | $4,361 |
| Non-cash investing activity: | |||
| Change in accrued plant and equipment purchases | $115 | $1 | $5 |
NUCOR CORPORATION AND SUBSIDIARIES
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