Vale S.A. Website

Vale S.A.

BOVESPA-VALE3

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Impairment of Oil, Gas & Mineral Properties

—

—

—

—

—

—

—

—

-203

—

—

Total Revenues

144,635

206,098

293,524

226,508

208,066

210,093

Total Revenues % Chg.

7.5%

42.5%

42.4%

-22.8%

-8.1%

1.8%

Cost of Goods Sold, Total

76,437

90,948

117,267

124,195

120,016

124,664

Gross Profit

68,198

115,150

176,257

102,313

88,050

85,429

Selling General & Admin Expenses, Total

1,872

2,529

2,601

2,658

2,758

2,871

Pre-Opening Costs

4,559

4,517

3,467

2,466

2,249

2,024

R&D Expenses

1,644

2,151

2,964

3,411

3,598

3,819

Impairment of Oil, Gas & Mineral Properties

—

—

—

—

—

—

—

-203

—

—

Other Operating Expenses

1,964

3,222

15,922

3,577

6,433

7,052

Other Operating Expenses, Total

10,039

12,419

24,954

11,909

15,038

15,766

Operating Income

58,159

102,731

151,303

90,404

73,012

69,663

Interest Expense, Total

-9,735

-12,327

-7,875

-4,296

-6,549

-6,921

Interest And Investment Income

982

646

1,222

2,272

1,547

1,474

Net Interest Expenses

-8,753

-11,681

-6,653

-2,024

-5,002

-5,447

Income (Loss) On Equity Invest.

-2,585

-5,210

-6,947

1,616

-5,434

-3,979

Currency Exchange Gains (Loss)

—

—

263

-2,741

25,085

3,058

-8,185

-5,269

Other Non Operating Income (Expenses)

-3,844

-10,411

-815

10,857

3,575

-4,201

EBT, Excl. Unusual Items

43,240

72,688

161,973

103,911

57,966

50,767

Restructuring Charges

—

—

—

—

—

—

-412

-49

-56

—

—

Gain (Loss) On Sale Of Investments

—

—

—

—

—

—

—

—

—

Gain (Loss) On Sale Of Assets

—

-2,020

-1,147

-1,071

-1,731

-1,317

4,393

Asset Writedown

-10,806

-4,728

-583

918

—

48

Insurance Settlements

—

—

—

—

—

—

—

—

23

149

149

Legal Settlements

-1,071

-388

-531

-793

-1,138

-1,237

Other Unusual Items

—

—

-29,918

-27,608

-592

-568

-106

939

EBT, Incl. Unusual Items

-575

38,405

159,147

101,704

55,554

55,059

Income Tax Expense

-2,509

4,627

25,320

15,185

15,000

6,073

Earnings From Continuing Operations

1,934

33,778

133,827

86,519

40,554

48,986

Earnings Of Discontinued Operations

-10,631

-8,875

-12,484

9,818

—

—

Minority Interest

2,025

1,810

-115

-413

-614

-257

Net Income

-6,672

26,713

121,228

95,924

39,940

48,729

Net Income to Common Incl Extra Items

-6,672

26,713

121,228

95,924

39,940

48,729

Net Income to Common Excl. Extra Items

3,959

35,588

133,712

86,106

39,940

48,729

Total Shares Outstanding

5,128.3

5,129.9

4,839.6

4,483.1

4,299.9

4,270.9

Weighted Avg. Shares Outstanding

5,128

5,129.6

5,012.4

4,637.8

4,366.1

4,295.3

Weighted Avg. Shares Outstanding Dil

5,128

5,129.6

5,016.8

4,642.4

4,370

4,299.7

EPS

-1.3

5.2

24.2

20.7

9.1

11.3

EPS Diluted

-1.3

5.2

24.2

20.7

9.1

11.3

EBITDA

71,973

119,328

167,682

105,415

87,157

84,191

Effective Tax Rate

436.3%

12%

15.9%

14.9%

27%

11%