7Baggers
Quarterly
Annual
    Unit: USD2022-12-31 2021-12-31 2020-12-31 2019-12-31 2015-12-31 2014-12-31 2014-06-30 2013-12-31 2013-06-30 2012-12-31 2012-06-30 2011-12-31 2010-12-31 2009-05-26 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 
      
    		                    
      assets
    		                    
      current assets
    		     15,935,502 15,935,502  16,402,042 21,121,945 21,121,945,000 21,944,306 15,793,688        
      cash and cash equivalents
    		11,991,356,000 16,646,480,000 9,944,586,000 1,088,955,000 7,861,052,000 8,686,021  9,995,672,000 9,995,672 14,444,875 14,444,875,000 15,417,393 10,239,278       1,251,000,000 
      financial investments
    		1,456,485,000 2,644,732,000 3,783,362,000 2,633,173,000 763,599,000                
      trade receivables
    		3,233,164,000 2,597,838,000 2,867,352,000 2,047,931,000 1,578,277,000   2,522,465,000             
      inventories
    		11,289,229,000 10,943,835,000 4,817,586,000 5,282,750,000 4,941,314,000   3,160,985,000        97,000,000 -326,000,000 177,000,000 -493,000,000 281,000,000 
      recoverable taxes
    		1,865,626,000 1,655,349,000 1,605,494,000            -134,000,000 49,000,000 -31,000,000 202,000,000 -129,000,000  
      other current assets
    		776,500,000 484,120,000 367,814,000 1,672,996,000 1,286,449,000 1,374,303 1,374,303 722,920,000 722,920 1,302,479 1,302,479,000          
      total current assets
    		30,612,360,000 34,972,354,000 23,386,194,000 12,725,805,000 16,430,691,000   16,402,042,000             
      noncurrent assets
    		                    
      long-term assets
    		     3,598,352    4,137,310  4,856,721 5,664,879        
      deferred taxes
    		5,095,718,000 5,072,092,000    238,892 2,616,058  2,770,527  2,372,501,000          
      other non current assets
    		4,749,718,000 4,365,755,000                   
      total
    		12,364,418,000 11,206,737,000                   
      investments
    		5,219,082,000 4,011,828,000   3,998,227,000 13,665,453 13,665,453 13,487,023,000 13,487,023 2,351,774 2,351,774,000 2,088,225 2,103,624        
      property, plant and equipment
    		26,370,445,000 21,531,134,000 19,716,223,000 19,700,944,000 17,871,599,000 15,624,140 15,624,140 14,911,426,000 14,911,426 20,408,747 20,408,747,000         1,874,000,000 
      intangible assets
    		10,788,054,000 7,657,050,000 7,316,794,000 7,231,781,000 5,458,509,000   965,440,000 965,440  1,275,452,000          
      total noncurrent assets
    		54,741,999,000 44,406,749,000                   
      total assets
    		85,354,359,000 79,379,103,000 63,002,149,000 50,869,276,000 48,649,974,000 49,767,100 49,767,100 50,402,539,000 50,402,539 49,295,228 49,295,228,000 46,869,702 37,801,214 2,455,124       
      the accompanying notes are an integral part of these consolidated financial statements.
    		                    
      fs-1
    		                    
      deferred income taxes
    		  3,874,946,000 2,473,304,000 3,307,027,000   2,770,527,000         98,000,000 -31,000,000 2,000,000 131,000,000 
      other non-current assets
    		  3,603,047,000 5,057,554,000 1,583,921,000  947,420 1,835,325,000 1,835,325  1,648,056,000          
      investments in associates and joint controlled entities
    		  3,695,780,000 3,584,169,000                 
      total non-current assets
    		  39,615,955,000 38,143,471,000 32,219,283,000   34,000,497,000             
      non-current assets
    		     33,831,598 33,831,598  34,000,497 28,173,283 28,173,283,000 24,925,396 22,007,526        
      companhia siderúrgica nacional and subsidiaries
    		                    
      consolidated balance sheets as of december 31
    		                    
      thousands of brazilian reais
    		                    
      liabilities and shareholders’ equity
    		   2,019,000                 
      current liabilities
    		     6,362,938 6,362,938  5,564,230 6,408,076 6,408,076,000 6,496,947 4,455,955        
      payroll and related taxes
    		   317,510,000 256,840,000 219,740  208,921,000             
      trade payables
    		   3,012,654,000 1,293,008,000   1,102,037,000             
      taxes payable
    		   541,027,000 700,763,000 318,675 318,675 304,095,000 304,095      -229,000,000 64,000,000 135,000,000 -146,000,000 45,000,000 194,000,000 
      borrowings and financing
    		   5,125,843,000 1,874,681,000   2,642,807,000             
      other payables
    		   2,526,444,000 1,073,017,000   972,851,000             
      provisions for tax, social security, labor and civil risks
    		   96,479,000 127,262,000   333,519,000             
      total current liabilities
    		   11,619,957,000 5,325,571,000   5,564,230,000             
      non-current liabilities
    		     37,669,187 37,669,187  36,769,250 33,879,639  31,955,585 25,522,571        
      pension and healthcare plan
    		   912,184,000 514,368,000   485,105,000             
      benefit from environmental liabilities and decommissioning of assets
    		   524,001,000 328,931,000   370,454,000             
      total non-current liabilities
    		   27,887,387,000 34,588,740,000   36,769,250,000             
      shareholders’ equity
    		                    
      issued capital
    		   4,540,000,000 4,540,000,000 4,540,000  4,540,000,000             
      capital reserves
    		   32,720,000 30,000  30 30,000 30            
      legal reserves
    		   278,576,000                 
      earnings reserves
    		   4,210,888,000 2,104,804,000 1,131,298  2,839,568,000             
      treasury shares
    		   -58,264,000                 
      other comprehensive income
    		   1,170,624,000 1,019,913,000 25,140 25,140  716,972 386,324 386,324,000 -1,366,776         
      total equity attributable to owners of the company
    		   10,174,544,000 7,664,747,000   8,096,570,000             
      non-controlling interests
    		   1,187,388,000 1,070,916,000   -27,511,000             
      total equity
    		   11,361,932,000 8,735,663,000   8,069,059,000             
      total liabilities and shareholders' equity
    		   50,869,276,000 48,649,974,000 49,767,100 49,767,100  50,402,539 49,295,228  46,869,702 37,801,214        
      investments measured at fair value
    		       30,756,000             
      consolidated balance sheet
    		                    
      liabilities and shareholders´ equity
    		                    
      note
    		    2,015,000   2,013,000             
      liabilities and shareholders' equity
    		                    
      shareholders equity
    		                    
      trade accounts receivable
    		     1,753,056 1,753,056  2,522,465 1,794,566 1,794,566,000 1,558,997 1,367,759  -137,000,000 152,000,000 -209,000,000 -95,000,000 30,000,000 368,000,000 
      inventory
    		     4,122,122 4,122,122  3,160,985 3,580,025 3,580,025,000 3,734,984 3,355,786        
      intangible
    		     943,653    1,275,452  603,374 462,456        
      suppliers
    		     1,638,505    1,957,789 1,957,789,000 1,232,075 521,156 -33,642       
      loans and financing
    		     2,790,524    2,295,409 2,295,409,000 2,702,083 1,308,632 -4,597,472       
      others
    		     845,109    4,388,451  183,983 85,275      97,000,000 26,000,000 
      benefit from tax, social security, labor and civil risks
    		     550,385               
      loans, financing and debentures
    		     27,092,855    27,856,350  25,186,505 18,780,815        
      other provisions
    		     826,294 238,539  370,454  413,440,000          
      shareholders' equity
    		     5,734,975 5,734,975  8,069,059   8,417,170 7,822,688        
      capital reserve
    		     30    30 30,000 30 30        
      retained earnings
    		         3,690,543 3,690,543,000          
      non-controlling shareholders' interests
    		     38,507               
      cash a nd cash equivalents
    		      8,686,021              
      financial investments valued at amortized cost
    		      34,874  30,756            
      intangible a ssets
    		      943,653              
      payroll a nd l abor l iabilities
    		      219,740              
      trade accounts payable
    		      1,638,505  1,102,037      336,000,000 -54,000,000 187,000,000 149,000,000 65,000,000 152,000,000 
      loans and borrowings
    		      2,790,524  2,642,807            
      provisions for tax, social s ecurity, l abor a nd civil claims
    		      550,385              
      other liabilities
    		      845,109  972,851  1,221,350,000   -36,073       
      health a nd pension plan
    		      587,755              
      paid-up capital
    		      4,540,000  4,540,000            
      profit reserves
    		      1,131,298  2,839,568            
      non-controlling interest
    		      38,507  -27,511            
      long-term receivables
    		                    
      equity
    		                    
      other comprehensive income/
    		       716,972,000             
      total liabilities and shareholders´ equity
    		       50,402,539,000             
      receivables from related parties
    		                    
      payroll and labor liabilities
    		        208,921            
      provisions for tax, social security, labor and civil claims
    		        333,519            
      health and pension plan
    		        485,105            
      taxes and contributions
    		         336,348  325,132 275,991        
      dividends payable
    		         301,618  928,924 631,344        
      other current provisions
    		         1,516,912           
      deferred income tax and social contribution
    		         284,110  584,273 473,787        
      other non-current provisions
    		         1,350,728           
      shareholder's equity
    		         9,007,513 9,007,513,000          
      capital
    		         4,540,000 4,540,000,000 1,680,947 1,680,947        
      non-controlling shareholder's interests
    		         390,616 390,616,000          
      financial investments evaluated at amortized cost
    		          116,753,000          
      credits from related-parties
    		                    
      liabilities
    		                    
      tax , social security, labor and civil liabilities
    		          241,291,000          
      tax liabilities
    		          336,348,000          
      tax, social security, labor and civil provisions
    		          355,889,000          
      non-current liabilites
    		          33,879,639,000          
      deferred tax
    		          284,110,000          
      pension and healthcare plans
    		          565,591,000          
      total liabilities and shareholder's equity
    		          49,295,228,000          
      other trade accounts receivable
    		           55,652         
      guarantee margin of financial instruments
    		           407,467 254,485        
      intercompany loans
    		           1,557 17,318        
      pp&e
    		           17,377,076 13,776,567        
      provisions for contingencies, net judicial deposits
    		           1,137,709 2,674,321        
      accounts payable with subsidiaries
    		           3,094,453 3,028,924        
      earnings reserve
    		           7,671,620 6,689,974        
      non-controlling shareholders interest
    		           431,349 189,928        
      treasury stock
    		            -570,176        
      equity adjustments
    		            -119,094        
      cumulative conversion adjustment
    		            -1,364,292        
      other results
    		            1,315,371        
      cash and cash equivalents abroad
    		             1,925,602       
      accounts receivable – foreign market clients
    		             184,970       
      advances to suppliers
    		             31,944      51,000,000 
      securitization reserve fund
    		             72,416       
      other assets
    		             240,192       
      total liabilities
    		             -4,667,187       
      gross exposure
    		             -2,212,063       
      notional value of contracted derivatives
    		             2,169,000       
      net exposure
    		             -43,063       
      the results obtained from these operations are in line with the policies and strategies defined by the company’s management.
    		                    
      f) organizational structure of risk management control
    		                    
      financial risks are calculated by the controllership department and managed by the financial department.
    		                    
      g) adequacy of the operational structure of internal controls to verify the effectiveness of the policy adopted
    		                    
      the responsibility for establishing and maintaining an adequate structure of internal controls over the company’s strategies, objectives and financial instruments, as well as for ensuring the effectiveness of these controls, their conformity with the prevailing laws/regulations and the reliability of the financial information, lies with the treasury department, the strategies having been duly approved by top management. the main duties of the company’s corporate risk management department, which is subordinate to the board of executive officers, is to map and assess, jointly with the process managers, the internal controls necessary to mitigate those operational, financial and strategic risks inherent to its activities, as well as ensuring their adherence to the prevailing laws/regulations and internal policies through the existing internal control structure. it is also responsible for reporting the results of this assessment to top management and monitoring the procedures to remedy any flaws detected in the processes. the internal audit department, linked to the board of directors, is responsible for monitoring internal controls by performing independent tests, reporting their results to top management and the audit committee.
    		                    
      cash flows from operating activities
    		                    
      net income for the year
    		              2,654,000,000 1,703,000,000 749,000,000    
      adjustments to reconcile net income for the year to net cash
    		                    
      provided by operating activities
    		                    
      depreciation and amortization
    		              341,000,000 397,000,000 205,000,000 166,000,000 139,000,000  
      foreign exchange and monetary gain
    		              1,265,000,000 -438,000,000 -218,000,000  -153,000,000  
      federal tax repayment program (“refis”) gain
    		                    
      interest accrued
    		              345,000,000 246,000,000 302,000,000 231,000,000 286,000,000  
      accrual for contingencies and disputed taxes payable
    		              48,000,000 47,000,000  424,000,000 433,000,000  
      accrual for derivatives
    		              294,000,000 -415,000,000 218,000,000 272,000,000 -223,000,000  
      gain on sale of short-term investments
    		               -65,000,000     
      gain on dilution of interest in namisa
    		              -1,667,000,000      
      deferred income tax benefit
    		              -201,000,000 -85,000,000     
      equity in results of affiliated companies
    		              -127,000,000 -76,000,000 -58,000,000 -47,000,000 -51,000,000  
      allowance for doubtful accounts
    		              51,000,000 3,000,000     
      other
    		              -166,000,000 -24,000,000 -126,000,000 -12,000,000   
      decrease (increase) in operating assets
    		                    
      increase in operating liabilities
    		                    
      payroll and related charges
    		              6,000,000 11,000,000 28,000,000 -16,000,000 -11,000,000 34,000,000 
      interest paid
    		              -393,000,000 -381,000,000     
      net cash from operating activities
    		              2,067,000,000 1,264,000,000 919,000,000 1,757,000,000 354,000,000  
      consolidated statements of cash flows
    		                    
      expressed in millions of united states dollars
    		                    
      adjustments to reconcile net income for the year to net cash from operating activities
    		                    
      insurance claim
    		                -208,000,000    
      prepaid pension cost
    		               -89,000,000     
      accrued pension cost
    		                -35,000,000 -22,000,000 -33,000,000 224,000,000 
      adjustments to reconcile net income for the year
    		                    
      to net cash from operating activities
    		                    
      accrual for contingencies and disputed taxes
    		                    
      payable
    		                282,000,000    
      short-term investments
    		                 134,000,000 -143,000,000  
      net income
    		                 902,000,000 759,000,000  
      adjustments to reconcile net income to net cash
    		                    
      provided by operating activities:
    		                    
      foreign exchange and monetary (gain)
    		                 -183,000,000   
      companhia siderúrgica nacional
    		                    
      derivative assets
    		                   79,000,000 
      taxes recoverable
    		                   105,000,000 
      prepaid expenses
    		                   18,000,000 
      1,590
    		                   2,310,000,000 
      investments in affiliated companies and other investments
    		                   85,000,000 
      accounts receivable
    		                   10,000,000 
      restricted deposits for legal proceedings
    		                   173,000,000 
      investments for sale
    		                   81,000,000 
      debt and equity securities
    		                   33,000,000 
      530
    		                   748,000,000 
      3,655
    		                   5,017,000,000 
      liabilities and stockholders' equity
    		                    
      interest on stockholders’ equity accrued
    		                   85,000,000 
      current portion of long-term debt
    		                   27,000,000 
      short-term debt and advances on export contracts
    		                   430,000,000 
      accrued finance charges
    		                   72,000,000 
      derivative liabilities
    		                   199,000,000 
      1,732
    		                   1,228,000,000 
      long-term liabilities
    		                    
      long-term debt and debentures
    		                   2,274,000,000 
      accrual for contingencies
    		                   424,000,000 
      1,416
    		                   2,982,000,000 
      stockholders' equity
    		                    
      common stock – 400,000,000 shares (no par value) authorized – 286,917,045 shares issued and outstanding
    		                   2,447,000,000 
      capital surplus
    		                   53,000,000 
      appropriated
    		                   255,000,000 
      unappropriated
    		                   -60,000,000 
      accumulated other comprehensive loss
    		                    
      cumulative translation adjustments
    		                   -1,888,000,000 
      507
    		                   807,000,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.