Vale S.A(NYSE:VALE) 
Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Ferrous Minerals, Base Metals, and Coal segments. The Ferrous Minerals segment produces and extracts iron or...
Website: http://www.vale.com
Founded: 1942
Sector: Basic Materials
Industry: Other Industrial Metals & Mining
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At a glance:
Bull Thesis:
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Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2022-02-24 | 2021-10-28 | 2021-07-28 | 2021-04-26 | 2021-03-15 | 2021-02-25 | 2020-10-28 | 2020-07-30 | 2020-07-28 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net operating revenue | 10,420,000,000 | 8,804,000,000 | 47,411,000,000 | 8,459 | 41,891,000,000 | 10,623,000,000 | 43,839 | 8,434,000,000 | 10,812,000,000 | 54,502,000,000 | 66,261,000,000 | 16,675,000,000 | 12,645,000,000 | 208,529,000,000 | 57,906,000,000 | 7,518,000,000 | ||||||||
cost of goods sold and services rendered | -6,632,000,000 | -6,085,000,000 | -31,811,000,000 | -5,367 | -26,594,000,000 | -6,309,000,000 | -24,028 | -4,949,000,000 | -4,622,000,000 | -21,729,000,000 | -30,533,000,000 | -5,805,000,000 | -4,627,000,000 | -98,567,000,000 | -25,893,000,000 | -4,212,000,000 | ||||||||
gross profit | 3,788,000,000 | 2,719,000,000 | 15,600,000,000 | 3,092 | 15,297,000,000 | 4,314,000,000 | 3,485,000,000 | 6,190,000,000 | 32,773,000,000 | 35,728,000,000 | 10,870,000,000 | 8,018,000,000 | 109,962,000,000 | 32,013,000,000 | 3,306,000,000 | |||||||||
yoy | 87936510.61% | 1.98% | 338.94% | -43.70% | -22.80% | -67.51% | -66.05% | |||||||||||||||||
qoq | 39.32% | -82.57% | -100.00% | -81.11% | -8.27% | 228.68% | 35.57% | 243.49% | ||||||||||||||||
operating expenses | ||||||||||||||||||||||||
selling and administrative | -158,000,000 | -131,000,000 | -845,000,000 | -696,000,000 | -150,000,000 | -118,000,000 | -121,000,000 | -481,000,000 | ||||||||||||||||
research and development | -151,000,000 | -159,000,000 | -719,000,000 | -772,000,000 | -188,000,000 | -139,000,000 | -121,000,000 | -549,000,000 | ||||||||||||||||
pre-operating and operational stoppage | -50,000,000 | -71,000,000 | -523,000,000 | -92 | -456,000,000 | -115,000,000 | -479 | -124,000,000 | -154,000,000 | -648,000,000 | -858,000,000 | -191,000,000 | -145,000,000 | -4,517,000,000 | -1,011,000,000 | -238,000,000 | ||||||||
impairment and gains on disposal of non-current assets | -370,000,000 | -132,000,000 | -1,456,000,000 | |||||||||||||||||||||
other operating expenses | -268,000,000 | -222,000,000 | -256 | -1,267,000,000 | -511,000,000 | -219,000,000 | -106,000,000 | -400,000,000 | -162,000,000 | -74,000,000 | -12,000,000 | -3,956,000,000 | -612,000,000 | -237,000,000 | ||||||||||
operating income | 2,791,000,000 | 2,004,000,000 | 10,544,000,000 | 2,448 | 12,106,000,000 | 3,275,000,000 | 17,208 | 2,881,000,000 | 6,600,000,000 | 27,693,000,000 | 19,928,000,000 | 9,714,000,000 | 7,380,000,000 | 57,504,000,000 | 26,922,000,000 | 2,084,000,000 | ||||||||
yoy | 81862645.10% | -12.90% | -85.77% | 320.20% | -56.35% | -10.57% | -65.35% | -63.92% | ||||||||||||||||
qoq | 39.27% | -80.99% | -100.00% | 19031745.65% | -100.00% | -76.17% | 38.97% | 105.15% | 31.63% | 113.59% | ||||||||||||||
financial income | 148,000,000 | 112,000,000 | 678,000,000 | 109 | 538,000,000 | 100,000,000 | 121,000,000 | 150,000,000 | 337,000,000 | 475,000,000 | 86,000,000 | 74,000,000 | 1,922,000,000 | 370,000,000 | 135,000,000 | |||||||||
financial expenses | -396,000,000 | -404,000,000 | -2,230,000,000 | -339 | -1,681,000,000 | -362,000,000 | -320,000,000 | -445,000,000 | -1,653,000,000 | -678,000,000 | -177,000,000 | -1,386,000,000 | -17,141,000,000 | -6,571,000,000 | -585,000,000 | |||||||||
other financial items | -91,000,000 | 459,000,000 | 2,734,000,000 | -207 | -1,036,000,000 | -123,000,000 | -331,000,000 | 53,000,000 | 4,435,000,000 | -1,736,000,000 | 441,000,000 | 1,235,000,000 | -8,921,000,000 | -1,179,000,000 | -35,000,000 | |||||||||
equity results and other results in associates and joint ventures | 160,000,000 | -68,000,000 | 342,000,000 | 124 | 620,000,000 | 94,000,000 | 305 | -55,000,000 | 211,000,000 | -1,271,000,000 | 670,000,000 | -454,000,000 | -16,000,000 | -5,436,000,000 | -211,000,000 | -535,000,000 | ||||||||
income before income taxes | 2,612,000,000 | 2,103,000,000 | 12,068,000,000 | 2,135 | 10,547,000,000 | 2,984,000,000 | 19,781 | 2,296,000,000 | 6,569,000,000 | 29,541,000,000 | 18,659,000,000 | 9,610,000,000 | 7,287,000,000 | 27,928,000,000 | 19,331,000,000 | 1,064,000,000 | ||||||||
income taxes | 83,000,000 | 32,000,000 | -3,895,000,000 | -448 | -2,215,000,000 | -127,000,000 | -2,971 | -418,000,000 | ||||||||||||||||
net income | 2,695,000,000 | 2,135,000,000 | 8,173,000,000 | 1,687 | 8,332,000,000 | 2,857,000,000 | 18,870 | 1,878,000,000 | 4,480,000,000 | 22,468,000,000 | 20,574,000,000 | 7,537,000,000 | 5,477,000,000 | 24,903,000,000 | 15,072,000,000 | 919,000,000 | ||||||||
yoy | 126555916.60% | -1.91% | -91.06% | 343.66% | -58.08% | -18.20% | -17.38% | -49.99% | ||||||||||||||||
qoq | 26.23% | -73.88% | -100.00% | 15140334.55% | -100.00% | -80.06% | 9.21% | 172.97% | 37.61% | 65.23% | ||||||||||||||
net income attributable to noncontrolling interests | 10,000,000 | 18,000,000 | 9,000,000 | 41,000,000 | 21,000,000 | 41,000,000 | 22,000,000 | 108,000,000 | -1,810,000,000 | |||||||||||||||
net income attributable to vale s.a.'s shareholders | 2,685,000,000 | 2,117,000,000 | 8,164,000,000 | |||||||||||||||||||||
earnings per share attributable to vale s.a.'s shareholders | ||||||||||||||||||||||||
basic and diluted earnings per share | 0.63 | |||||||||||||||||||||||
basic and diluted earnings per share attributable to vale s.a.'s shareholders | 0.5 | |||||||||||||||||||||||
equity results and others results from subsidiaries | ||||||||||||||||||||||||
other operating revenues (expenses) | -1,513,000,000 | |||||||||||||||||||||||
common share | 1.91 | 1.93 | 0.66 | 0.41 | 0.93 | 4.47 | 3.98 | 1.49 | 1.08 | 5.21 | 3.04 | 0.19 | ||||||||||||
selling and administrative expenses | -140 | -603,000,000 | -133,000,000 | -105,000,000 | -2,857,000,000 | -684,000,000 | -124,000,000 | |||||||||||||||||
research and development expenses | -156 | |||||||||||||||||||||||
net income attributable to non-controlling interests | 8 | 82 | ||||||||||||||||||||||
net income attributable to vale’s shareholders | 1,679 | 18,788 | ||||||||||||||||||||||
equity results from subsidiaries | ||||||||||||||||||||||||
net income attributable to vale's shareholders | 8,291,000,000 | 2,836,000,000 | 1,837,000,000 | |||||||||||||||||||||
basic and diluted earnings per share attributable to vale's shareholders | ||||||||||||||||||||||||
continuing operations | ||||||||||||||||||||||||
impairment reversal (impairment) and results on disposal of non-current assets | -75,000,000 | |||||||||||||||||||||||
net income from continuing operations | 2,857,000,000 | 16,810 | 1,878,000,000 | 4,478,000,000 | 24,844,000,000 | 24,903,000,000 | ||||||||||||||||||
net income from continuing operations attributable to vale's shareholders | 2,836,000,000 | 1,837,000,000 | ||||||||||||||||||||||
discontinued operations | ||||||||||||||||||||||||
net income from discontinued operations | 2,060 | 2,000,000 | ||||||||||||||||||||||
net income from discontinued operations attributable to vale's shareholders | ||||||||||||||||||||||||
basic and diluted earnings per share from continuing operations | ||||||||||||||||||||||||
selling, administrative and other operating expenses | -2,237 | |||||||||||||||||||||||
research and evaluation expenses | -660 | -708,000,000 | -141,000,000 | -100,000,000 | -2,293,000,000 | -563,000,000 | -90,000,000 | |||||||||||||||||
impairment reversal (impairment and disposals) of non-current assets | 773 | 1,072,000,000 | ||||||||||||||||||||||
non-operating income | ||||||||||||||||||||||||
financial income (expenses) | 2,268 | |||||||||||||||||||||||
net income from continuing operations attributable to vale’s shareholders | 16,728 | |||||||||||||||||||||||
loss attributable to non-controlling interests | -49,000,000 | -69,000,000 | ||||||||||||||||||||||
net income from discontinued operations attributable to vale’s shareholders | 2,060 | |||||||||||||||||||||||
basic and diluted earnings per share attributable to vale's shareholders: | ||||||||||||||||||||||||
ferrous minerals | ||||||||||||||||||||||||
iron ore | 31,708,000,000 | 35,082,000,000 | ||||||||||||||||||||||
iron ore pellets | 8,700,000,000 | 8,740,000,000 | ||||||||||||||||||||||
other ferrous products and services | 622,000,000 | 651,000,000 | ||||||||||||||||||||||
base metals | ||||||||||||||||||||||||
nickel and other products | 8,221,000,000 | 7,637,000,000 | ||||||||||||||||||||||
copper | 2,518,000,000 | 1,615,000,000 | ||||||||||||||||||||||
brumadinho event and de-characterization of dams | -160,000,000 | -2,576,000,000 | ||||||||||||||||||||||
other | 311,000,000 | 1,249,000,000 | ||||||||||||||||||||||
total | 52,080,000,000 | 54,974,000,000 | ||||||||||||||||||||||
operating expenses - sum | -662,000,000 | -724,000,000 | -477,000,000 | |||||||||||||||||||||
current tax | -253,000,000 | -5,663,000,000 | -12,867,000,000 | -1,201,000,000 | -1,515,000,000 | -17,828,000,000 | -4,018,000,000 | -326,000,000 | ||||||||||||||||
deferred tax | -1,838,000,000 | 966,000,000 | 14,782,000,000 | -872,000,000 | -295,000,000 | 14,803,000,000 | -241,000,000 | 181,000,000 | ||||||||||||||||
net income from continuing operations attributable to vale's stockholders | 4,456,000,000 | 24,736,000,000 | ||||||||||||||||||||||
loss attributable to noncontrolling interests | -85,000,000 | -543,000,000 | -76,000,000 | |||||||||||||||||||||
net income from discontinued operations attributable to vale's stockholders | 2,000,000 | |||||||||||||||||||||||
net income attributable to vale's stockholders | 4,458,000,000 | 22,445,000,000 | 20,203,000,000 | 7,586,000,000 | 5,546,000,000 | 15,615,000,000 | 995,000,000 | |||||||||||||||||
basic and diluted earnings per share attributable to vale's stockholders: | ||||||||||||||||||||||||
impairment and disposals of non-current assets | -426,000,000 | -12,622,000,000 | -432,000,000 | -161,000,000 | -11,819,000,000 | -1,608,000,000 | -403,000,000 | |||||||||||||||||
loss from discontinued operations | -2,376,000,000 | |||||||||||||||||||||||
loss from discontinued operations attributable to vale's stockholders | -2,291,000,000 | |||||||||||||||||||||||
brumadinho event | -847,000,000 | -185,000,000 | -115,000,000 | -27,016,000,000 | -613,000,000 | -130,000,000 | ||||||||||||||||||
net income (loss) attributable to non-controlling interests | 371,000,000 | |||||||||||||||||||||||
earnings per share attributable to vale's stockholders: | ||||||||||||||||||||||||
basic and diluted earnings per share: | ||||||||||||||||||||||||
net income from continuing operations attributable to vale’s stockholders | 26,713,000,000 | |||||||||||||||||||||||
income from discontinued operations | ||||||||||||||||||||||||
income from discontinued operations attributable to vale’s stockholders | ||||||||||||||||||||||||
net income attributable to vale’s stockholders | 26,713,000,000 | |||||||||||||||||||||||
earnings per share attributable to vale’s stockholders: |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-02-19 | 2022-03-31 | 2022-02-24 | 2021-12-31 | 2021-10-28 | 2021-09-30 | 2021-07-28 | 2021-06-30 | 2021-04-26 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||
current assets | ||||||||||||||||||
cash and cash equivalents | 5,902,000,000 | 5,514,000,000 | 22,710,000,000 | 4,953,000,000 | 9,061,000,000 | 65,409,000,000 | 65,409,000,000 | 59,057,000,000 | 59,057,000,000 | 13,649,000,000 | 68,275,000,000 | 12,883,000,000 | 73,399,000,000 | 70,086,000,000 | 8,845,000,000 | 12,113,000,000 | ||
short-term investments | 189,000,000 | 182,000,000 | 249,000,000 | 53,000,000 | 43,000,000 | 1,028,000,000 | 1,028,000,000 | 2,834,000,000 | 2,834,000,000 | 951,000,000 | 4,759,000,000 | 1,429,000,000 | 8,141,000,000 | 4,006,000,000 | 125,000,000 | 93,000,000 | ||
accounts receivable | 2,506,000,000 | 2,325,000,000 | 12,310,000,000 | 2,358,000,000 | 3,123,000,000 | 21,840,000,000 | 21,840,000,000 | 4,747,000,000 | 4,747,000,000 | 4,954,000,000 | 24,782,000,000 | 3,515,000,000 | 20,026,000,000 | 25,944,000,000 | 3,014,000,000 | 2,597,000,000 | ||
other financial assets | 626,000,000 | 495,000,000 | 1,593,000,000 | 53,000,000 | 268,000,000 | 619,000,000 | 619,000,000 | 7,430,000,000 | 7,430,000,000 | 214,000,000 | 1,069,000,000 | 289,000,000 | 1,648,000,000 | 1,707,000,000 | 454,000,000 | 554,000,000 | ||
inventories | 5,567,000,000 | 5,242,000,000 | 28,246,000,000 | 4,605,000,000 | 5,038,000,000 | 24,429,000,000 | 24,429,000,000 | 27,659,000,000 | 27,659,000,000 | 4,701,000,000 | 23,513,000,000 | 4,274,000,000 | 24,352,000,000 | 21,103,000,000 | 4,329,000,000 | 4,058,000,000 | ||
recoverable taxes | 1,232,000,000 | 1,335,000,000 | 6,277,000,000 | 1,100,000,000 | 832,000,000 | 4,809,000,000 | 4,809,000,000 | 4,484,000,000 | 4,484,000,000 | 668,000,000 | 3,342,000,000 | 466,000,000 | 2,652,000,000 | 2,646,000,000 | 357,000,000 | 395,000,000 | ||
other | 464,000,000 | 493,000,000 | 2,077,000,000 | 359,000,000 | ||||||||||||||
non-current assets | ||||||||||||||||||
judicial deposits | 638,000,000 | 598,000,000 | 3,330,000,000 | 537,000,000 | 1,455,000,000 | 6,808,000,000 | 6,808,000,000 | 6,644,000,000 | 6,644,000,000 | 1,326,000,000 | 6,633,000,000 | 1,146,000,000 | 6,529,000,000 | 6,591,000,000 | 2,040,000,000 | 2,070,000,000 | ||
deferred income taxes | 8,891,000,000 | 8,975,000,000 | 47,715,000,000 | 8,244,000,000 | 11,192,000,000 | 63,847,000,000 | 63,847,000,000 | 62,020,000,000 | 62,020,000,000 | 9,338,000,000 | 46,711,000,000 | 9,207,000,000 | 52,459,000,000 | 53,711,000,000 | 9,610,000,000 | 9,804,000,000 | ||
investments in associates and joint ventures | 5,167,000,000 | 4,784,000,000 | 4,547,000,000 | 1,927,000,000 | 2,197,000,000 | 1,871,000,000 | 2,036,000,000 | 2,071,000,000 | ||||||||||
intangibles | 10,935,000,000 | 10,720,000,000 | 58,466,000,000 | 10,514,000,000 | 50,287,000,000 | 50,287,000,000 | 10,997,000,000 | 55,010,000,000 | 8,661,000,000 | 49,343,000,000 | 48,309,000,000 | 6,614,000,000 | 6,706,000,000 | |||||
property, plant, and equipment | 45,296,000,000 | 44,293,000,000 | 240,790,000,000 | 39,984,000,000 | 46,309,000,000 | 233,995,000,000 | 233,995,000,000 | |||||||||||
total assets | 91,190,000,000 | 90,383,000,000 | 479,072,000,000 | 80,152,000,000 | 93,149,000,000 | 499,128,000,000 | 499,128,000,000 | 472,574,000,000 | 472,574,000,000 | 96,716,000,000 | 483,789,000,000 | 86,984,000,000 | 495,569,000,000 | 478,130,000,000 | 79,981,000,000 | 83,147,000,000 | ||
liabilities and shareholders equity | ||||||||||||||||||
current liabilities | ||||||||||||||||||
suppliers and contractors | 5,651,000,000 | 5,454,000,000 | 25,282,000,000 | 4,234,000,000 | 3,446,000,000 | 19,393,000,000 | 19,393,000,000 | 22,282,000,000 | 22,282,000,000 | 3,777,000,000 | 18,893,000,000 | 3,113,000,000 | 17,733,000,000 | 17,496,000,000 | 3,099,000,000 | 2,934,000,000 | ||
loans and borrowings | 470,000,000 | 685,000,000 | 3,487,000,000 | 1,020,000,000 | 988,000,000 | |||||||||||||
leases | 175,000,000 | 175,000,000 | 1,009,000,000 | 147,000,000 | 220,000,000 | |||||||||||||
other financial liabilities | 996,000,000 | 1,045,000,000 | 7,836,000,000 | 1,543,000,000 | 2,362,000,000 | 10,946,000,000 | 10,946,000,000 | 8,472,000,000 | 8,472,000,000 | 1,547,000,000 | 7,735,000,000 | 2,082,000,000 | 11,861,000,000 | 9,906,000,000 | 1,782,000,000 | 1,269,000,000 | ||
taxes payable | 576,000,000 | 1,020,000,000 | 3,739,000,000 | 574,000,000 | 927,000,000 | 12,150,000,000 | 12,150,000,000 | 14,112,000,000 | 14,112,000,000 | 1,678,000,000 | 8,392,000,000 | 830,000,000 | 4,731,000,000 | 4,950,000,000 | 807,000,000 | 395,000,000 | ||
settlement program | 430,000,000 | 412,000,000 | 2,216,000,000 | 387,000,000 | 1,810,000,000 | 1,810,000,000 | 1,793,000,000 | 1,793,000,000 | 356,000,000 | 1,781,000,000 | 311,000,000 | 1,774,000,000 | 1,769,000,000 | 313,000,000 | 321,000,000 | |||
liabilities related to brumadinho | 814,000,000 | 900,000,000 | 5,030,000,000 | 714,000,000 | 1,385,000,000 | 6,449,000,000 | 6,449,000,000 | 12,709,000,000 | 12,709,000,000 | 2,223,000,000 | 11,122,000,000 | 1,847,000,000 | 10,521,000,000 | 9,925,000,000 | 936,000,000 | 1,013,000,000 | ||
liabilities related to associates and joint ventures | 1,188,000,000 | 1,449,000,000 | 11,076,000,000 | 1,844,000,000 | 2,361,000,000 | 9,964,000,000 | 9,964,000,000 | 8,437,000,000 | 8,437,000,000 | 1,467,000,000 | 7,339,000,000 | 846,000,000 | 4,818,000,000 | 4,554,000,000 | 688,000,000 | 709,000,000 | ||
de-characterization of dams and asset retirement obligations | 938,000,000 | 945,000,000 | 5,377,000,000 | 833,000,000 | 646,000,000 | 3,468,000,000 | 3,468,000,000 | |||||||||||
provisions for litigation | 148,000,000 | 154,000,000 | 897,000,000 | 119,000,000 | ||||||||||||||
employee benefits | 1,012,000,000 | 790,000,000 | 3,810,000,000 | 1,012,000,000 | ||||||||||||||
dividends payable | 330,000,000 | 193,000,000 | 193,000,000 | 27,000,000 | 133,000,000 | 21,000,000 | 119,000,000 | 6,342,000,000 | ||||||||||
non-current liabilities | ||||||||||||||||||
participative shareholders' debentures | 2,669,000,000 | 2,454,000,000 | 13,493,000,000 | 2,217,000,000 | ||||||||||||||
streaming transactions | 1,988,000,000 | 2,000,000,000 | 11,072,000,000 | 1,882,000,000 | 1,683,000,000 | 9,927,000,000 | 9,927,000,000 | 10,532,000,000 | 10,532,000,000 | 1,961,000,000 | 9,812,000,000 | 1,986,000,000 | 11,316,000,000 | 10,419,000,000 | 2,017,000,000 | 2,031,000,000 | ||
total liabilities | 48,909,000,000 | 49,874,000,000 | 270,355,000,000 | 45,624,000,000 | 54,660,000,000 | 302,070,000,000 | 302,070,000,000 | 287,107,000,000 | 287,107,000,000 | 54,357,000,000 | 271,862,000,000 | 51,555,000,000 | 293,667,000,000 | 297,144,000,000 | 46,772,000,000 | 50,213,000,000 | ||
equity | ||||||||||||||||||
equity attributable to vale s.a.'s shareholders | 41,038,000,000 | 39,264,000,000 | 202,082,000,000 | 33,406,000,000 | ||||||||||||||
equity attributable to noncontrolling interests | 1,243,000,000 | 1,245,000,000 | 6,635,000,000 | 1,122,000,000 | 854,000,000 | 4,655,000,000 | 4,655,000,000 | -4,799,000,000 | -1,290,000,000 | -1,202,000,000 | ||||||||
total equity | 42,281,000,000 | 40,509,000,000 | 208,717,000,000 | 34,528,000,000 | ||||||||||||||
total liabilities and equity | 91,190,000,000 | 90,383,000,000 | 479,072,000,000 | 80,152,000,000 | ||||||||||||||
non-current assets held for sale | 1,999,000,000 | 10,880,000,000 | 809,000,000 | 5,468,000,000 | 5,468,000,000 | 326,000,000 | 326,000,000 | |||||||||||
liabilities | ||||||||||||||||||
liabilities associated with non-current assets held for sale | 740,000,000 | 4,011,000,000 | 456,000,000 | 1,978,000,000 | 1,978,000,000 | 69,000,000 | 69,000,000 | |||||||||||
investments | 26,560,000,000 | 9,771,000,000 | 9,771,000,000 | 11,418,000,000 | 11,418,000,000 | 10,991,000,000 | 10,658,000,000 | 10,557,000,000 | ||||||||||
current assets excluding assets held for sale | 13,481,000,000 | |||||||||||||||||
total current assets | 13,481,000,000 | |||||||||||||||||
total non-current assets excluding investments, intangible assets and property, plant and equipment | 11,626,000,000 | |||||||||||||||||
total non current assets | 66,671,000,000 | |||||||||||||||||
settlement programs | 353,000,000 | |||||||||||||||||
current liabilities excluding assets held for sale | 13,090,000,000 | |||||||||||||||||
total current liabilities | 13,090,000,000 | |||||||||||||||||
total non current liabilities | 32,534,000,000 | |||||||||||||||||
· | ||||||||||||||||||
17 | ||||||||||||||||||
notes to the consolidated financial statementsexpressed in millions of united states dollar, unless otherwise stated | ||||||||||||||||||
others | 291,000,000 | 1,198,000,000 | 1,198,000,000 | 2,199,000,000 | 2,199,000,000 | 266,000,000 | 1,328,000,000 | 317,000,000 | 1,807,000,000 | 1,313,000,000 | 303,000,000 | 352,000,000 | ||||||
current assets - sum | 18,656,000,000 | 119,332,000,000 | 25,403,000,000 | 23,173,000,000 | ||||||||||||||
non-current assets - sum | 15,181,000,000 | 80,275,000,000 | 14,235,000,000 | 14,217,000,000 | ||||||||||||||
intangible | 10,267,000,000 | 48,483,000,000 | 48,483,000,000 | |||||||||||||||
loans, borrowings, and leases | 1,103,000,000 | 70,189,000,000 | 70,189,000,000 | |||||||||||||||
provisions | 750,000,000 | 5,830,000,000 | 5,830,000,000 | 6,400,000,000 | 6,400,000,000 | 1,156,000,000 | 5,780,000,000 | 903,000,000 | 5,143,000,000 | 9,498,000,000 | 1,016,000,000 | 850,000,000 | ||||||
current liabilities - sum | 14,212,000,000 | 82,836,000,000 | 14,335,000,000 | 11,827,000,000 | ||||||||||||||
participative stockholders' debentures | 4,299,000,000 | 19,078,000,000 | 19,078,000,000 | 22,452,000,000 | 22,452,000,000 | 4,687,000,000 | 23,447,000,000 | 4,045,000,000 | 23,043,000,000 | |||||||||
non-current liabilities - sum | 39,992,000,000 | 217,256,000,000 | 40,022,000,000 | 39,728,000,000 | ||||||||||||||
stockholders' equity | ||||||||||||||||||
equity attributable to vale's stockholders | 37,635,000,000 | 192,403,000,000 | 192,403,000,000 | 181,296,000,000 | 181,296,000,000 | 41,661,000,000 | 208,437,000,000 | 36,409,000,000 | 207,487,000,000 | 34,499,000,000 | 34,136,000,000 | |||||||
total stockholders' equity | 38,489,000,000 | 197,058,000,000 | 197,058,000,000 | 185,467,000,000 | 185,467,000,000 | 42,359,000,000 | 211,927,000,000 | 35,429,000,000 | 201,902,000,000 | 33,209,000,000 | 32,934,000,000 | |||||||
total liabilities and stockholders' equity | 93,149,000,000 | 499,128,000,000 | 499,128,000,000 | 472,574,000,000 | 472,574,000,000 | 96,716,000,000 | 483,789,000,000 | 86,984,000,000 | 495,569,000,000 | 79,981,000,000 | 83,147,000,000 | |||||||
loans, borrowings and leases | 6,720,000,000 | 6,720,000,000 | 7,318,000,000 | 7,318,000,000 | 992,000,000 | 4,963,000,000 | 989,000,000 | 5,633,000,000 | 5,901,000,000 | 1,024,000,000 | ||||||||
property, plant and equipment | 223,492,000,000 | 223,492,000,000 | 43,884,000,000 | 219,518,000,000 | 39,062,000,000 | 222,547,000,000 | 213,836,000,000 | 37,988,000,000 | 38,212,000,000 | |||||||||
de-characterization of dams | 2,367,000,000 | 2,367,000,000 | 454,000,000 | 2,271,000,000 | 367,000,000 | 2,093,000,000 | 1,981,000,000 | 320,000,000 | 312,000,000 | |||||||||
equity attributable to non-controlling interests | 4,171,000,000 | 4,171,000,000 | 698,000,000 | 3,490,000,000 | -980,000,000 | -5,585,000,000 | ||||||||||||
interest on capital | 6,429,000,000 | 1,159,000,000 | ||||||||||||||||
participative stockholders’ debentures | 17,737,000,000 | |||||||||||||||||
stockholders’ equity | ||||||||||||||||||
equity attributable to vale’s stockholders | 185,785,000,000 | |||||||||||||||||
total stockholders’ equity | 180,986,000,000 | |||||||||||||||||
total liabilities and stockholders’ equity | 478,130,000,000 | |||||||||||||||||
balance at december 31, 2017 | 3,634,000,000 | |||||||||||||||||
net income | ||||||||||||||||||
other comprehensive income | ||||||||||||||||||
dividends and interest on capital of vale’s stockholders | ||||||||||||||||||
dividends of noncontrolling interest | ||||||||||||||||||
acquisitions and disposal of noncontrolling interest | ||||||||||||||||||
capitalization of noncontrolling interest advances | ||||||||||||||||||
appropriation to undistributed retained earnings | ||||||||||||||||||
share buyback program | ||||||||||||||||||
balance at december 31, 2018 | 3,634,000,000 | |||||||||||||||||
loss | ||||||||||||||||||
interest on capital of vale’s stockholders | ||||||||||||||||||
allocation of loss | ||||||||||||||||||
treasury shares utilized in the year | ||||||||||||||||||
balance at december 31, 2019 | 3,634,000,000 | |||||||||||||||||
balance at december 31, 2020 | 3,634,000,000 | |||||||||||||||||
prepaid income taxes | 117,000,000 | 145,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2022-03-31 | 2021-10-28 | 2021-07-28 | 2021-04-26 |
|---|---|---|---|---|
cash flow from operations | 29,182,000,000 | 53,261,000,000 | 9,277,000,000 | 8,673,000,000 |
interest on loans and borrowings paid | -946,000,000 | -904,000,000 | -138,000,000 | -288,000,000 |
cash received on settlement of derivatives | -394,000,000 | 114,000,000 | 60,000,000 | -199,000,000 |
payments related to the brumadinho event | ||||
payments related to de-characterization of dams | -357,000,000 | |||
interest on participative shareholders' debentures paid | ||||
income taxes (including settlement program) paid | ||||
net cash generated by operating activities | ||||
cash flow from investing activities: | ||||
acquisition of property, plant and equipment and intangible assets | ||||
payments related to the samarco dam failure | ||||
cash received (paid) from disposal and acquisition of investments | ||||
dividends received from associates and joint ventures | 362,000,000 | 24,000,000 | 43,000,000 | |
short-term investment | -16,000,000 | 2,193,000,000 | 543,000,000 | -716,000,000 |
other investing activities | ||||
net cash from investing activities | -3,553,000,000 | -4,211,000,000 | -3,087,000,000 | -2,346,000,000 |
cash flow from financing activities: | ||||
loans and borrowings from third parties | 2,361,000,000 | |||
payments of loans and borrowings to third parties | ||||
payments of leasing | -216,000,000 | |||
dividends and interest on capital paid to vale s.a.’s shareholders | ||||
shares buyback program | ||||
net cash from financing activities | -27,120,000,000 | -55,940,000,000 | -4,433,000,000 | -4,885,000,000 |
net increase in cash and cash equivalents | ||||
cash and cash equivalents in the beginning of the period | 13,487,000,000 | |||
effect of exchange rate changes on cash and cash equivalents | -5,519,000,000 | -395,000,000 | ||
effect of transfer the energy assets to non-current assets held for sale and others | ||||
cash and cash equivalents at end of the period | 42,931,000,000 | 59,057,000,000 | 13,649,000,000 | 12,883,000,000 |
cash received from disposal of investments | ||||
net cash generated by (used in) financing activities | ||||
effect of transfer the energy assets to non-current assets held for sale | ||||
cash and cash equivalents from subsidiaries acquired | ||||
cash flow from discontinued operations | ||||
operating activities | ||||
net income before income taxes | ||||
adjustments: | ||||
impairment and results on disposals of non-current assets | ||||
derecognition of noncontrolling interest | ||||
financial results | 1,376,000,000 | 1,939,000,000 | -350,000,000 | 77,000,000 |
decrease in assets and liabilities | ||||
investing activities | ||||
additions to property, plant and equipment | ||||
disposal of coal, net of cash | ||||
financing activities | ||||
payments | ||||
net cash from discontinued operations | ||||
schedule of movements in intangibles | ||||
balance as of december 31, 2022 | ||||
additions | ||||
disposals | ||||
amortization | ||||
transfers to held for sale | ||||
translation adjustment | ||||
balance as of december 31, 2023 | ||||
cost | ||||
accumulated amortization | ||||
acquisition of aliança energia | ||||
balance as of december 31, 2024 | ||||
capital expenditures | -5,964,000,000 | -6,526,000,000 | -1,139,000,000 | -1,009,000,000 |
free cash flows | 7,811,000,000 | 40,773,000,000 | 6,587,000,000 | 6,013,000,000 |
dividends and interest on capital paid to vale’s shareholders | ||||
dividends and interest on capital paid to noncontrolling interest | -16,000,000 | |||
acquisition of additional stake in vopc | ||||
cash and cash equivalents from subsidiaries acquired and sold | ||||
cash received (payments) from disposal of investments | ||||
payments of loans and borrowings from third parties | -2,170,000,000 | |||
payments related to brumadinho event | -334,000,000 | -973,000,000 | -303,000,000 | -149,000,000 |
income taxes paid | ||||
payments related to samarco dam failure | ||||
additions to investments | -42,000,000 | |||
payments from disposal of investments | ||||
cash received (paid) on settlement of derivatives | ||||
net cash generated by operating activities from continuing operations | ||||
net cash generated (used) by operating activities from discontinued operations | ||||
proceeds (payments) from disposal of investments | ||||
net cash from investing activities from continuing operations | -3,352,000,000 | |||
net cash from investing activities from discontinued operations | -201,000,000 | |||
acquisition of stake in vopc | ||||
net cash from financing activities from continuing operations | -27,066,000,000 | |||
net cash from financing activities from discontinued operations | -54,000,000 | |||
net decrease in cash and cash equivalents | ||||
cash and cash equivalents in the beginning of the year | ||||
effect of transfer ptvi to non-current assets held for sale | ||||
cash and cash equivalents from subsidiaries sold | -61,000,000 | |||
cash and cash equivalents at end of the year | ||||
net cash generated by operating activities from discontinued operations | ||||
stake acquisition on subsidiaries | ||||
proceeds (payments) from the sale of investments | ||||
other investments activities | 98,000,000 | -189,000,000 | -24,000,000 | |
loans and borrowings from third-parties | 10,000,000 | 290,000,000 | ||
payments of loans and borrowings from third-parties | -573,000,000 | -179,000,000 | -1,233,000,000 | |
income taxes | -13,589,000,000 | -5,172,000,000 | -1,280,000,000 | -1,164,000,000 |
dividends and interest on capital paid to shareholders | ||||
reduction in cash and cash equivalents | ||||
cash paid on settlement of derivatives | ||||
net cash generated (used) in operating activities from discontinued operations | ||||
proceeds from the sale of investments | ||||
transactions with noncontrolling shareholders of ptvi | ||||
transactions with noncontrolling shareholders of mbr | ||||
increase (reduction) in cash and cash equivalents | -16,898,000,000 | |||
cash flows from operations | ||||
cash received | ||||
interest on participative stockholders' debentures paid | -193,000,000 | |||
net cash generated from operating activities from continuing operations | ||||
net cash generated | ||||
net cash generated from operating activities | ||||
proceeds from sale of midwestern system, net of cash | ||||
disbursement on vnc sale | ||||
proceeds from sale of csi | ||||
dividends and interest on capital paid to stockholders | -17,849,000,000 | -40,200,000,000 | -2,208,000,000 | -3,884,000,000 |
share buyback program | -9,176,000,000 | -14,854,000,000 | -2,004,000,000 | |
cash and cash equivalents at the beginning of the period | 65,409,000,000 | 68,275,000,000 | 12,883,000,000 | |
cash flow from operating activities: | ||||
income before taxation | ||||
adjusted for: | ||||
equity results and other results in associates and joint ventures | -1,119,000,000 | -670,000,000 | 454,000,000 | 16,000,000 |
impairment and disposals | ||||
provisions for brumadinho | ||||
benefit from de-characterization of dams | ||||
depreciation, depletion and amortization | 3,591,000,000 | 3,657,000,000 | 849,000,000 | 731,000,000 |
changes in assets and liabilities: | ||||
accounts receivable | 4,724,000,000 | 20,399,000,000 | -1,105,000,000 | 1,401,000,000 |
inventories | -1,423,000,000 | -2,984,000,000 | -188,000,000 | -174,000,000 |
suppliers and contractors | -3,837,000,000 | 1,851,000,000 | 291,000,000 | -256,000,000 |
payroll and other compensation | ||||
other assets and liabilities | -1,519,000,000 | -1,544,000,000 | -495,000,000 | -132,000,000 |
cash flows generated from operations | ||||
non-cash transactions: | ||||
additions to property, plant and equipment - capitalized loans and borrowing costs | 71,000,000 | 75,000,000 | 14,000,000 | 16,000,000 |
net cash from operating activities from continuing operations | 13,562,000,000 | |||
net cash provided | 213,000,000 | |||
net cash from operating activities | 13,775,000,000 | 47,299,000,000 | 7,726,000,000 | 7,022,000,000 |
proceeds from disposal of csi | 2,269,000,000 | |||
disbursement related to vnc sale | ||||
income before income taxes | 34,143,000,000 | 18,659,000,000 | 9,610,000,000 | 7,287,000,000 |
impairment reversal | -5,328,000,000 | |||
de-characterization of dams | 192,000,000 | |||
payroll, related charges and other remunerations | -1,618,000,000 | |||
net cash from operating activities from discontinued operations | ||||
acquisition of subsidiary, net of cash | ||||
proceeds from disposal of mosaic shares | ||||
capital reduction of foreign subsidiary | ||||
judicial deposits and restricted cash related to brumadinho event | ||||
transactions with noncontrolling stockholders | ||||
equity results and others results from subsidiaries | ||||
impairment and disposal of non-current assets | 12,622,000,000 | 432,000,000 | 161,000,000 | |
provisions related to brumadinho | ||||
provision for de-characterization of dams | ||||
acquisition of nlc, net of cash | -2,345,000,000 | |||
disbursement related to the disposal of vnc | ||||
investment fund applications | ||||
lease payments | -297,000,000 | -49,000,000 | -55,000,000 | |
dividends and interest on capital paid to non-controlling interest | -16,000,000 | -3,000,000 | -3,000,000 | |
increase in cash and cash equivalents | -12,852,000,000 | 206,000,000 | -209,000,000 | |
effects of exchange rate changes on cash and cash equivalents | 3,634,000,000 | 560,000,000 | ||
provisions related to brumadinho event | ||||
provision - payroll, related charges and other remunerations | 305,000,000 | 82,000,000 | -289,000,000 | |
cash paid on the disposal of vnc | -555,000,000 | |||
derivatives received | ||||
interest on participative stockholders’ debentures paid | ||||
proceeds from disposal of assets and investments | ||||
effects of disposals of subsidiaries, net of cash and cash equivalents | ||||
proceeds from streaming transactions | ||||
derivatives received (paid) | ||||
depreciation, amortization and depletion |