Vale S.A. (VALE)
Operating globally and within Brazil, Vale S.A. is a major producer and seller of essential raw materials, including iron ore, iron ore pellets, nickel, and copper. Its operations are organized into two primary segments. The Iron Solutions segment is dedicated to the extraction and production of iron ore, pellets, and various other ferrous products, also providing crucial logistics services. Meanwhile, the Energy Transition Materials segment specializes in mining nickel, along with its valuable by-products such as gold, silver, cobalt, and other precious metals. This segment also handles copper, primarily used in construction for piping and electrical cables. Established in 1942, the company was formerly known as Companhia Vale do Rio Doce before officially rebranding as Vale S.A. in May 2009. Vale S.A. is headquartered in Rio De Janeiro, Brazil.
Sector: Metal Mining
Industry: Industrial Materials
Vale S.A.
NYSE:VALEBasic Materials · Industrial Materials
+1.64%$12.40
AH Close$12.44+0.32%vs close
AH Close$12.44+0.32%vs close
Mkt Cap$52.77B
Float4.26B
O/S4.26B
Inst Own18.9%
SI1.3%
Div Yield8.58%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$38.23B
Net Income$2.47B
Total Assets$86.88B
Free Cash Flow$3.06B
Debt & Equity
Debt 37%
Equity 63%
Total Debt$19.39B
Total Equity$33.63B
Shares Outstanding
Short Interest
Split History3 splits
- 2:1Forward splitSep 13, 20071 share → 2
- 2:1Forward splitJun 7, 20061 share → 2
- 3:1Forward splitSep 7, 20041 share → 3
Balance Sheet Details
Assets$86.88B
Liabilities$52.41B
Accounts Receivable$3.82B
Accounts Payable$5.59B
Inventory$5.96B
PP&E (Net)$43.8B
Goodwill$1.3B
Intangible Assets$7.69B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
| Revenue | $38.23B | $38.06B | $41.78B | $43.84B | $54.5B | $39.55B | $35.98B | $36.58B | $33.97B | $27.49B | $25.61B | $38.24B | $46.77B | $47.69B | $58.99B | $45.29B | $27.8B | $37.43B | $32.24B | $19.65B | $14.55B | $8.07B | $5.35B | $4.12B | $3.99B | $3.94B |
| YoY Growth | 0.5% | -8.9% | -4.7% | -19.6% | 37.8% | 9.9% | -1.6% | 7.7% | 23.6% | 7.3% | -33.0% | -18.2% | -1.9% | -19.1% | 30.2% | 62.9% | -25.7% | 16.1% | 64.1% | 35.1% | 80.4% | 50.8% | 29.8% | 3.3% | 1.4% | - |
| Cost of Revenue | $25.09B | $24.27B | $24.09B | $24.03B | $21.73B | $17.56B | $19.02B | $22.11B | $21.04B | $17.65B | $20.51B | $25.76B | $24.25B | $26.48B | $23.57B | $18.81B | $15.89B | $17.64B | $16.46B | $10.15B | $6.98B | $4.08B | $3.13B | $2.26B | $2.33B | $2.43B |
| Gross Profit | $13.14B | $13.79B | $17.7B | $19.81B | $32.77B | $21.98B | $16.97B | $14.47B | $12.93B | $9.84B | $5.1B | $12.47B | $22.52B | $21.21B | $35.42B | $26.48B | $11.91B | $19.79B | $15.78B | $9.5B | $7.57B | $3.98B | $2.22B | $1.86B | $1.66B | $1.51B |
| Gross Margin | 34.4% | 36.2% | 42.3% | 45.2% | 60.1% | 55.6% | 47.2% | 39.6% | 38.1% | 35.8% | 19.9% | 32.6% | 48.2% | 44.5% | 60.0% | 58.5% | 42.8% | 52.9% | 48.9% | 48.4% | 52.0% | 49.4% | 41.5% | 45.1% | 41.7% | 38.3% |
| Research and Development | $688.77M | $790M | $720.34M | $660M | $549M | $415M | $409.02M | $373M | $340M | $319M | $477M | $734M | $801M | $1.48B | $1.67B | $878M | $1.13B | $1.08B | $733M | $481M | $288M | $153M | $82M | $50M | $43M | $48M |
| Selling, General, and Administrative | $566.7M | $566M | $506M | $474M | $439M | $442M | $1.6B | $461M | $531M | $374M | $503M | $1.1B | $1.08B | $1.97B | $2.33B | $1.7B | $1.36B | $1.75B | $1.25B | $816M | $693M | $709M | $297M | $381M | $691M | $225M |
| Other | $802.26M | $1.65B | $2.26B | $1.47B | $4.09B | $8.3B | $11.13B | -$187M | -$149M | -$66M | $61M | -$19M | -$239M | -$37M | $2.33B | $0 | $1.13B | $0 | $0 | $0 | $1.05B | $0 | $496M | $0 | $0 | $532M |
| Total Operating Expenses | $2.06B | $3B | $3.49B | $2.6B | $5.08B | $9.16B | $13.14B | $1.61B | $1.7B | $1.65B | $2.48B | $3.98B | $5.01B | $7.25B | $5.3B | $2.58B | $4.35B | $2.83B | $1.98B | $1.3B | $1.34B | $862M | $578M | $431M | $734M | $580M |
| Operating Income (EBIT) | $11.08B | $10.79B | $14.21B | $17.21B | $27.69B | $12.82B | $3.83B | $11.96B | $10.93B | $7.05B | -$6.13B | $7.18B | $15.06B | $9.32B | $30.11B | $21.7B | -$7.56B | $14.75B | $13.19B | $7.64B | $6.23B | $3.12B | $1.64B | $1.43B | $929M | $926M |
| Operating Margin | 29.0% | 28.3% | 34.0% | 39.3% | 50.8% | 32.4% | 10.6% | 32.7% | 32.2% | 25.7% | -23.9% | 18.8% | 32.2% | 19.6% | 51.0% | 47.9% | -27.2% | 39.4% | 40.9% | 38.9% | 42.8% | 38.7% | 30.7% | 34.7% | 23.3% | 23.5% |
| Interest Expense | $1.56B | $1.14B | $1.34B | $1.19B | $1.94B | $2.75B | $3.64B | $1.54B | $3.28B | $2.15B | $891M | $2.94B | $2.25B | $2.34B | $2.46B | $2.65B | $1.12B | $1.76B | $1.59B | $1.34B | $560M | $671M | $0 | $0 | $0 | $0 |
| Interest Income | $431.2M | $155M | -$176M | $439.93M | $226.46M | $125.24M | $248.94M | $423M | $481M | $96.39M | $965M | $401M | $103.73M | $124.81M | $718M | $290M | $381M | $602M | $295M | $327M | $123M | $82M | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$6.3B | -$4.09B | -$3.05B | $2.57B | $1.85B | -$5.83B | -$3.97B | -$5.14B | -$3.1B | -$398.56M | -$11.59B | -$5.58B | -$7.82B | -$9.94B | -$2.2B | -$1.38B | $1.64B | -$1.53B | $2.04B | -$1.08B | -$303M | -$41.54M | $10M | -$828M | $191M | -$195M |
| Income Before Tax (EBT) | $4.78B | $6.7B | $11.15B | $19.78B | $29.54B | $6.99B | -$143.06M | $6.82B | $7.83B | $7.98B | -$17.72B | $1.55B | $7.24B | $3.92B | $26.8B | $20.31B | -$8.79B | $13.22B | $15.23B | $7.83B | $5.93B | $3B | $1.65B | $601M | $1.12B | $731M |
| Income Tax Expense | $2.66B | $721M | $3.05B | $2.97B | $4.7B | $735M | -$624.22M | -$172M | $1.5B | $2.78B | -$5.1B | $1.2B | $6.83B | -$1.19B | $5.28B | $3.71B | $2.82B | $535M | $3.2B | $1.43B | $1.01B | $749M | $297M | -$149M | -$218M | -$32M |
| Net Income | $2.47B | $6.17B | $7.98B | $18.79B | $22.45B | $4.88B | -$1.66B | $6.86B | $5.51B | $3.98B | -$12.13B | $657M | $584M | $5.37B | $22.89B | $17.26B | $5.88B | $13.22B | $11.82B | $6.53B | $4.47B | $2.57B | $1.55B | $680M | $1.29B | $1.09B |
| Net Income Margin | 6.5% | 16.2% | 19.1% | 42.9% | 41.2% | 12.3% | -4.6% | 18.8% | 16.2% | 14.5% | -47.4% | 1.7% | 1.2% | 11.3% | 38.8% | 38.1% | 21.1% | 35.3% | 36.7% | 33.2% | 30.7% | 31.9% | 28.9% | 16.5% | 32.3% | 27.6% |
| Supplementary Data | ||||||||||||||||||||||||||
| EPS | 0.58 | 1.37 | 1.83 | 4.05 | 4.48 | 1.01 | -0.43 | 1.32 | 1.05 | 0.77 | -2.35 | 0.13 | 0.11 | 1.06 | 4.34 | 3.23 | 0.97 | 2.58 | 2.41 | 1.35 | 1.05 | 0.56 | 0.34 | 0.15 | 0.84 | 0.71 |
| Diluted EPS | 0.58 | 1.37 | 1.83 | 4.05 | 4.48 | 1.01 | -0.43 | 1.32 | 1.05 | 0.77 | -2.33 | 0.13 | 0.11 | 1.06 | 4.34 | 3.23 | 0.97 | 2.58 | 2.41 | 1.35 | 1.05 | 0.56 | 0.34 | 0.15 | 0.84 | 0.71 |
| Weighted Average OS | 4.27B | 4.23B | 4.37B | 4.64B | 5.01B | 5.13B | 5.13B | 5.18B | 5.20B | 5.20B | 5.15B | 5.15B | 5.15B | 5.11B | 5.25B | 5.25B | 5.36B | 5.06B | 4.89B | 4.85B | 4.61B | 4.61B | 4.61B | 4.62B | 4.62B | 4.62B |
| EBITDA | $9.37B | $10.81B | $15.56B | $23.74B | $34.13B | $12.56B | $17.96B | $11.9B | $14.31B | $13.52B | -$13.07B | $8.12B | $19.25B | $9.96B | $33.36B | $26.22B | $11.4B | $17.79B | $16.28B | $10.16B | $6.6B | $4.07B | $1.88B | $1.64B | $1.14B | $1.12B |
| EBITDA Margin | 24.5% | 28.4% | 37.2% | 54.2% | 62.6% | 31.8% | 49.9% | 32.5% | 42.1% | 49.2% | -51.1% | 21.2% | 41.2% | 20.9% | 56.6% | 57.9% | 41.0% | 47.5% | 50.5% | 51.7% | 45.4% | 50.5% | 35.2% | 39.8% | 28.6% | 28.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
| Assets | ||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||
| Cash and Cash Equivalents | $7.4B | $4.96B | $3.61B | $4.74B | $11.72B | $13.49B | $7.35B | $5.78B | $4.33B | $4.26B | $3.59B | $3.97B | $5.32B | $5.83B | $3.53B | $7.58B | $7.58B | $10.33B | $1.05B | $4.45B | $1.16B | $1.48B | $585M | $1.09B | $1.12B | $1.21B |
| Short-Term Investments | $194.53M | $53.52M | $51.47M | $61M | $184M | $771M | $826M | $32M | $2.02B | $18M | $28M | $148M | $3M | $246M | $0 | $1.79B | $3.74B | $2.31B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $7.6B | $5.01B | $3.66B | $4.8B | $11.9B | $14.26B | $8.18B | $5.82B | $6.35B | $4.28B | $3.62B | $4.12B | $5.32B | $6.08B | $3.53B | $9.38B | $11.32B | $12.64B | $1.05B | $4.45B | $1.16B | $1.48B | $585M | $1.09B | $1.12B | $1.21B |
| Accounts Receivable | $3.82B | $3.46B | $5.08B | $5.59B | $4.78B | $5.7B | $3.77B | $3.89B | $5.65B | $5.29B | $2.91B | $5.55B | $7.49B | $8.7B | $10.85B | $10.15B | $4.78B | $5.51B | $5.28B | $4.06B | $2.27B | $1.16B | $818M | $660M | $549M | $490M |
| Inventory | $5.96B | $4.61B | $4.67B | $4.48B | $4.38B | $4.06B | $4.27B | $4.44B | $3.93B | $3.35B | $3.53B | $4.5B | $4.13B | $5.05B | $5.25B | $4.3B | $3.39B | $3.9B | $3.86B | $3.49B | $1.39B | $1.09B | $505M | $292M | $323M | $306M |
| Other Current Assets | $991.1M | $416.3M | $5.87B | $656M | $1.3B | $387M | $452M | $595M | $4.23B | $9.49B | $4.48B | $4.48B | $4.88B | $1.7B | $1.54B | $8.02B | $1.82B | $1.05B | $1.3B | $941M | $494M | $770M | $566M | $546M | $649M | $495M |
| Total Current Assets | $18.37B | $13.5B | $18.64B | $15.53B | $22.36B | $24.4B | $17.04B | $15.29B | $18.95B | $22.57B | $15.47B | $20.23B | $24.38B | $22.53B | $21.74B | $31.79B | $21.93B | $23.24B | $11.38B | $12.94B | $5.38B | $4.49B | $2.47B | $2.59B | $2.64B | $2.5B |
| Long-Term Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $43.8B | $40.03B | $48.23B | $44.94B | $41.93B | $41.15B | $46.58B | $48.38B | $66.94B | $55.42B | $54.1B | $89.08B | $81.67B | $84.88B | $90.03B | $83.1B | $66.01B | $49.33B | $54.63B | $38.01B | $14.45B | $9.34B | $6.48B | $3.3B | $3.81B | $3.96B |
| Goodwill | $1.3B | $3.04B | $3.25B | $3.19B | $3.21B | $3.3B | $3.63B | $3.65B | $4.11B | $3.08B | $2.96B | $3.76B | $4.14B | $4.6B | $3.03B | $3.32B | $2.31B | $1.9B | $3.79B | $4.48B | $0 | $0 | $0 | $0 | $0 | $175M |
| Intangible Assets | $7.69B | $7.49B | $8.37B | $7.05B | $5.8B | $6B | $4.87B | $4.31B | $4.38B | $3.79B | $2.37B | $3.06B | $2.73B | $4.61B | $1.14B | $1.27B | $1.17B | $0 | $0 | $0 | $0 | $0 | $451M | $412M | $540M | $0 |
| Long-Term Investments | $5.91B | $4.61B | $3.2B | $1.8B | $1.76B | $2.79B | $3.52B | $4.21B | $3.23B | $3.7B | $2.94B | $4.13B | $3.58B | $6.38B | $8.09B | $4.5B | $2.63B | $2.41B | $2.92B | $2.35B | $0 | $0 | $0 | $0 | $0 | $1.82B |
| Deferred Tax Assets | $6.34B | $49.95M | $9.53B | $10.77B | $11.44B | $10.34B | $9.22B | $6.91B | $6.64B | $7.34B | $7.9B | $3.98B | $4.52B | $3.98B | $594M | $3.04B | $333.05M | $1.76B | $2.79B | $2.08B | $446M | $398M | $234M | $358M | $227M | $255M |
| Other Long-Term Assets | $3.47B | $11.45B | $2.63B | $3.62B | $2.94B | $4.04B | $6.86B | $5.43B | -$5.07B | $3.12B | $2.75B | -$7.75B | $3.58B | $3.64B | $4.11B | $2.12B | $4.03B | $1.3B | $1.21B | $1.08B | $2.66B | $2.14B | $1.79B | $1.3B | $2.3B | $1.09B |
| Total Long-Term Assets | $68.52B | $66.67B | $75.23B | $71.37B | $67.08B | $67.6B | $74.67B | $72.9B | $80.23B | $76.45B | $73.02B | $96.25B | $100.22B | $108.09B | $106.99B | $97.35B | $78.81B | $56.69B | $65.34B | $48.01B | $17.56B | $11.88B | $8.96B | $5.37B | $6.88B | $7.29B |
| Other Assets | $0 | $83.36M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $86.88B | $80.25B | $93.87B | $86.89B | $89.44B | $92.01B | $91.71B | $88.19B | $99.18B | $99.01B | $88.49B | $116.49B | $124.6B | $130.62B | $128.73B | $129.14B | $100.74B | $79.93B | $76.72B | $60.95B | $22.94B | $16.37B | $11.43B | $7.96B | $9.52B | $9.79B |
| Liabilities | ||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||
| Accounts Payable | $5.59B | $4.23B | $5.27B | $4.46B | $3.48B | $3.37B | $4.11B | $3.51B | $4.04B | $3.63B | $3.37B | $4.35B | $3.77B | $4.53B | $4.81B | $3.56B | $2.31B | $2.26B | $2.43B | $2.38B | $1.11B | $743M | $482M | $325M | $296M | $0 |
| Short-Term Debt | $680.87M | $1.02B | $824M | $307M | $1.03B | $1.63B | $2.42B | $2.14B | $1.7B | $2.33B | $2.98B | $1.73B | $1.98B | $3.68B | $1.54B | $2.97B | $2.98B | $710M | $1.42B | $1.46B | $1.48B | $1.15B | $1.26B | $965M | $1.05B | $745M |
| Current Income Tax Payable | $0 | $927M | $1.74B | $841M | $2.5B | $1.29B | $943M | $650M | $697M | $657M | $595M | $1.01B | $797M | $324M | $524M | $257M | $146.75M | $55M | $322M | $119M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $1.25M | $591M | $416M | $1.68B | $853M | $330M | $650M | $4.21B | $2.87B | $1.37B | $2.73B | $2.75B | $2.72B | $3.81B | $8.09B | $1.34B | $3.77B | $5.13B | $2.99B | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $4.75B | $6.43B | $5.14B | $4.39B | $3.64B | $5.11B | $2.17B | $1.27B | $3.81B | $2.78B | $3.23B | $2.49B | $1.68B | $2.55B | $1.68B | $6.2B | $2.02B | $1.74B | $3.02B | $1.83B | $2.35B | $1.62B | $514M | $218M | $572M | $1.34B |
| Total Current Liabilities | $15.94B | $13.11B | $14.61B | $13.89B | $15.2B | $14.59B | $13.85B | $9.11B | $13.11B | $11.23B | $10.54B | $10.74B | $9.61B | $12.56B | $11.04B | $17.91B | $9.98B | $7.24B | $10.08B | $7.31B | $4.99B | $3.51B | $2.25B | $1.51B | $1.92B | $2.14B |
| Long-Term Liabilities | ||||||||||||||||||||||||||
| Long-Term Debt | $18.2B | $16.01B | $14.52B | $13.6B | $14.57B | $18.2B | $16.95B | $16.83B | $20.79B | $28.56B | $26.9B | $29.22B | $29.45B | $28.52B | $22.96B | $21.59B | $20.71B | $19.4B | $17.61B | $21.12B | $3.88B | $3.41B | $2.77B | $2.37B | $2.19B | $2.02B |
| Long-Term Unearned Revenue | $0 | $1.89B | $3.28B | $2.55B | $1.44B | $2.1B | $0 | $1.6B | $1.85B | $2.09B | $1.75B | $1.32B | $1.5B | $7.67B | -$5.65B | $5.84B | $5.02B | $4.58B | $5.57B | $4.89B | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $107.3M | $445M | $866.68M | $1.41B | $1.88B | $1.77B | $1.88B | $1.53B | $1.72B | $1.7B | $1.67B | $3.34B | $3.23B | $3.79B | $5.65B | $8.09B | $4.4B | $4B | $5.72B | $4.53B | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $17.65B | $13.7B | $18.51B | $16.73B | $19.62B | $19.1B | $18.48B | $14.28B | $16.94B | $14.4B | $11.92B | $15.54B | $15.87B | $1.91B | $9.14B | $3.27B | $2.42B | $3.66B | $1.9B | $617M | $2.51B | $1.85B | $1.2B | $767M | $765M | $1.06B |
| Total Long-Term Liabilities | $36.47B | $32.53B | $38.44B | $35.65B | $38.94B | $42.59B | $38.88B | $34.25B | $41.3B | $46.76B | $42.24B | $49.43B | $50.05B | $41.9B | $37.57B | $38.79B | $32.55B | $27.65B | $30.8B | $31.16B | $6.39B | $5.25B | $3.97B | $3.13B | $2.96B | $3.08B |
| Other Liabilities | $0 | $55.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $52.41B | $45.69B | $53.04B | $49.54B | $54.14B | $57.19B | $52.72B | $43.36B | $54.41B | $57.99B | $52.79B | $60.17B | $59.66B | $54.46B | $48.61B | $56.7B | $42.53B | $34.88B | $40.89B | $38.47B | $11.38B | $8.76B | $6.22B | $4.64B | $4.88B | $5.22B |
| Stockholders' Equity | ||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23.09B | $23.09B | $23.09B | $22.91B | $22.91B | $16.73B | $10.37B | $9.73B | $9.73B | $4.95B | $4.7B | $0 | $0 | $1.05B | $904M | $820M | $709M |
| Common Stock | $14.11B | $12.5B | $15.91B | $61.61B | $13.86B | $61.61B | $61.61B | $61.61B | $61.61B | $61.61B | $61.61B | $38.52B | $37.67B | $37.67B | $36.9B | $16.02B | $27.19B | $0 | $0 | $0 | $5.99B | $2.75B | $1.9B | $1.63B | $1.48B | $1.28B |
| Retained Earnings | $1.1B | $18.58B | $13.01B | $0 | $15.72B | $0 | $0 | $0 | $0 | -$23.09B | -$23.09B | -$412M | $29.57B | $38.39B | $39.94B | $42.38B | $26.83B | $27.96B | $16.95B | $12.06B | $4.3B | $0 | $5.89B | $5.52B | $5.4B | $5.18B |
| Comprehensive Income & Other | $22.04B | $5.56B | $14.05B | -$20.77B | $10.16B | -$23.43B | -$19.09B | -$14.03B | -$15.57B | -$20.24B | -$25.69B | -$4.41B | -$21.79B | -$19.37B | -$5.67B | -$333M | $964.75M | -$11.51B | $1.66B | -$1B | $0 | $4.14B | -$4.38B | -$5.17B | -$3.46B | -$3.04B |
| Other Stockholders' Equity | $18.43B | $2.36B | $10.39B | -$25.75B | $4.89B | -$25.87B | -$21.55B | -$17.63B | -$16.84B | $517M | -$4.94B | $16.6B | -$3.91B | -$1.49B | $873M | $10.5B | $860.42M | $14.6B | $16.33B | $7.61B | $0 | $4.09B | -$2.91B | -$3.86B | -$2.23B | -$1.89B |
| Total Equity | $33.63B | $33.43B | $39.31B | $35.87B | $34.47B | $35.74B | $40.07B | $43.98B | $44.77B | $39.04B | $33.59B | $54.71B | $63.33B | $74.57B | $77.72B | $68.9B | $54.88B | $42.56B | $33.28B | $19.67B | $10.29B | $6.84B | $4.88B | $3.29B | $4.64B | $4.57B |
| Minority Interest | $844.38M | $1.12B | $1.52B | $1.49B | $834M | -$923M | -$1.07B | $847M | $1.31B | $1.98B | $2.12B | $1.2B | $1.61B | $1.59B | $2.4B | $3.54B | $3.33B | $2.49B | $2.56B | $2.81B | $1.26B | $765M | $329M | $27M | $5M | $9M |
| Total Liabilities and Equity | $86.04B | $79.13B | $92.36B | $85.4B | $88.61B | $92.93B | $92.79B | $87.34B | $99.18B | $97.03B | $86.38B | $114.88B | $122.99B | $129.03B | $126.33B | $125.6B | $97.41B | $77.44B | $74.16B | $58.14B | $21.68B | $15.61B | $11.11B | $7.93B | $9.52B | $9.79B |
| Supplementary Data | ||||||||||||||||||||||||||
| Total Debt | $19.39B | $17.74B | $16.8B | $15.44B | $17.2B | $21.49B | $21.16B | $18.97B | $22.49B | $30.9B | $29.88B | $30.95B | $31.43B | $32.2B | $21.54B | $24.56B | $24.12B | $18.25B | $19.03B | $22.58B | $5.36B | $4.55B | $4.03B | $3.33B | $3.24B | $2.77B |
| Net Debt | $11.99B | $12.78B | $13.19B | $10.7B | $5.48B | $8.01B | $13.81B | $13.18B | $18.16B | $26.63B | $26.29B | $26.97B | $26.11B | $26.37B | $18.01B | $16.98B | $16.54B | $7.91B | $17.98B | $18.13B | $4.2B | $3.08B | $3.44B | $2.24B | $2.13B | $1.55B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | $2.47B | $5.86B | $8B | $19.78B | $29.54B | $6.99B | -$156M | $6.82B | $7.83B | $7.98B | -$17.68B | $2.79B | $408M | $5.26B | $22.65B | $17.6B | $5.46B | $13.48B | $11.82B | $6.53B | $4.84B | $2.57B | $1.55B | $680M | $1.29B | $1.09B |
| Depreciation & Amortization | $3.04B | $2.79B | $3.07B | $3.17B | $3.03B | $3.21B | $3.49B | $3.35B | $3.71B | $3.49B | $3.72B | $3.87B | $4.15B | $4.16B | $3.84B | $3.26B | $2.72B | $2.81B | $2.19B | $997M | $853M | $674M | $238M | $214M | $212M | $195M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5.49B | $149M | -$953M | -$3.68B | -$274M | -$1.29B | $16M | -$803M | -$700M | $298M | $126M | $316M | $207M | -$161M | -$172M | -$42M |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||
| Accounts Receivable | $162.35M | $1.52B | $318.53M | -$325M | $1.03B | -$2.54B | -$47M | -$156M | $1.28B | -$2.74B | $1.67B | $2.57B | $608M | $2.18B | -$1.33B | -$3.76B | $724M | -$729M | $235M | -$438M | -$416M | -$98M | $37M | -$123M | -$49M | -$63M |
| Inventory | -$1.09B | -$456.69M | -$223.43M | $45M | -$503M | -$183M | $88M | -$817M | -$339M | $288M | -$217M | -$467M | $346M | -$675M | -$1.56B | -$425M | $530M | $236M | -$343M | $859M | -$138M | -$216M | -$22M | -$69M | -$40M | -$50M |
| Accounts Payable | $822.13M | -$373.77M | $620.24M | $495M | $251M | -$222M | $749M | -$376M | $232M | $243M | $658M | $1.01B | -$124M | -$229M | $1.07B | $928M | $121M | $703M | $998M | -$47M | $279M | $230M | $0 | $0 | $0 | $0 |
| Other Working Capital | -$2.4B | -$2.11B | -$3.55B | -$1.53B | -$442M | -$250M | -$855M | $509M | -$540M | $465M | -$724M | -$102M | $6.05B | $1.25B | -$2.5B | $264M | -$157M | -$914M | $346M | $76M | -$32M | $403M | $42M | $114M | $62M | $26M |
| Total Working Capital Change | -$2.5B | -$1.42B | -$2.83B | -$1.32B | $335M | -$3.2B | -$65M | -$840M | $630M | -$1.75B | $1.39B | $3.01B | $6.88B | $2.53B | -$4.32B | -$2.99B | $1.22B | -$704M | $1.24B | $450M | -$307M | $319M | $57M | -$78M | -$27M | -$87M |
| Other Non-Cash Items | $6.03B | $2.16B | $5.16B | -$10.15B | -$7.23B | $7.32B | $8.84B | $3.57B | $283M | -$3.32B | $21.99B | $3.28B | $4.31B | $7.86B | $1.56B | $2.61B | -$2.28B | $2.34B | -$3.54B | -$1.04B | -$352M | -$411M | -$293M | $1.45B | $218M | $272M |
| Net Cash from Operating | $9.04B | $9.39B | $13.4B | $11.48B | $25.68B | $14.32B | $12.11B | $12.9B | $12.45B | $6.4B | $3.93B | $13.1B | $14.79B | $16.14B | $23.46B | $19.18B | $7.14B | $17.11B | $11.01B | $7.23B | $5.16B | $3.47B | $1.76B | $2.1B | $1.52B | $1.42B |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditures | -$5.98B | -$6.51B | -$6.03B | -$5.45B | -$5.03B | -$4.23B | -$3.46B | -$3.78B | -$3.83B | -$4.95B | -$8.11B | -$11.78B | -$13.11B | -$15.32B | -$15.86B | -$12.65B | -$8.1B | -$8.97B | -$6.65B | -$4.43B | -$3.98B | -$2.02B | -$1.54B | -$766M | -$595M | -$447M |
| Acquisitions | $0 | $0 | $0 | $239M | $249M | -$131M | -$1B | -$23M | $0 | $0 | -$90M | -$244M | $0 | -$474M | $0 | -$6.34B | -$1.95B | $0 | -$2.93B | -$13.2B | -$737M | $0 | -$380M | -$45M | -$516M | -$323M |
| Purchases of Investments | -$108.29M | -$809.13M | -$35.44M | $0 | -$542M | -$194M | -$828M | -$50M | -$183M | -$239M | -$65M | -$419M | -$378M | -$720M | -$504M | -$87M | -$3.39B | -$2.44B | -$324M | -$107M | -$103M | -$34M | -$68M | -$1M | -$338M | -$706M |
| Sales of Investments | $1.17B | $3.13B | $122.73M | $846M | $582M | $407M | $0 | $2.29B | $0 | $12M | $308M | $0 | $357M | $974M | $1.79B | $1.95B | $606M | $134M | $1.04B | $837M | $126M | $579M | $83M | $0 | $989M | $76M |
| Other Investing Activities | -$2.28B | -$1.6B | -$546.16M | -$325M | -$1.87B | -$524M | -$1.7B | $1.73B | $656M | $761M | $2.15B | $2.17B | $2.52B | $655M | $1.54B | -$65M | -$331M | -$127M | -$147M | -$52M | $45M | -$64M | -$92M | -$77M | -$71M | -$89M |
| Net Cash from Investing | -$7.19B | -$5.79B | -$6.49B | -$4.69B | -$6.61B | -$4.67B | -$6.99B | $159M | -$3.36B | -$4.42B | -$5.81B | -$10.27B | -$10.61B | -$14.89B | -$13.03B | -$17.18B | -$13.16B | -$11.4B | -$9.01B | -$16.95B | -$4.65B | -$1.54B | -$2B | -$889M | -$531M | -$1.49B |
| Financing Activities | ||||||||||||||||||||||||||
| Debt Repaid | - | - | - | $1.25B | $1.21B | -$532M | $2.48B | $6.62B | $7.02B | $723M | -$2.24B | -$477M | $37M | -$7.62B | $1.14B | -$1.81B | -$3.37B | -$794M | $2.05B | -$14.36B | -$855M | $235M | - | - | - | -$488M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$381.01M | -$2.72B | -$6.04B | -$5.55B | $0 | $0 | -$1B | $0 | $0 | $0 | $0 | $0 | $0 | -$3B | -$1.51B | -$9M | -$752M | $0 | -$301M | $0 | $0 | $0 | $0 | -$27M | $0 |
| Dividends Paid | -$3.57B | -$3.83B | -$5.6B | -$6.6B | -$13.48B | -$3.35B | $0 | -$3.31B | -$1.46B | -$250M | -$1.5B | -$4.2B | -$4.5B | -$6B | -$9B | -$3B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $534.48M | -$205.72M | -$362.77M | -$23M | -$43M | $142M | -$1.01B | -$199M | -$224M | -$308M | $1.03B | -$138M | $67M | -$456M | -$1.23B | $520M | -$47M | $12.05B | -$714M | -$51M | $0 | $855M | -$675M | -$602M | -$1.07B | -$34M |
| Net Cash from Financing | $221.78M | -$2.13B | -$7.41B | -$13.91B | -$20.28B | -$2.68B | -$3.5B | -$11.13B | -$8.7B | -$1.28B | $1.78B | -$3.86B | -$4.47B | $1.17B | -$14.37B | -$2.08B | $625M | $9B | -$5.21B | $13.35B | -$531M | -$1.09B | -$398M | -$598M | -$987M | -$70M |
| Forex Effect | $371.89M | -$715.8M | $30.36M | $138M | -$551M | -$825M | -$60M | -$313M | -$60M | $86M | -$418M | -$325M | -$225M | -$112M | -$109M | $375M | $2.36B | -$5.43B | -$199M | -$216M | -$192M | -$204M | $135M | -$641M | -$94M | -$107M |
| Net Change in Cash | $2.44B | $758.89M | -$474.55M | -$6.99B | -$1.77B | $6.14B | $1.57B | $1.46B | $66M | $671M | -$383M | -$1.35B | -$511M | $2.3B | -$4.05B | $291M | -$3.04B | $9.29B | -$3.4B | $3.41B | -$208M | $664M | -$506M | -$26M | -$94M | -$242M |
| Supplementary Data | ||||||||||||||||||||||||||
| Operating Cash Flow | $9.04B | $9.39B | $13.4B | $11.48B | $25.68B | $14.32B | $12.11B | $12.9B | $12.45B | $6.4B | $3.93B | $13.1B | $14.79B | $16.14B | $23.46B | $19.18B | $7.14B | $17.11B | $11.01B | $7.23B | $5.16B | $3.47B | $1.76B | $2.1B | $1.52B | $1.42B |
| Capital Expenditure | -$5.98B | -$6.51B | -$6.03B | -$5.45B | -$5.03B | -$4.23B | -$3.46B | -$3.78B | -$3.83B | -$4.95B | -$8.11B | -$11.78B | -$13.11B | -$15.32B | -$15.86B | -$12.65B | -$8.1B | -$8.97B | -$6.65B | -$4.43B | -$3.98B | -$2.02B | -$1.54B | -$766M | -$595M | -$447M |
| Free Cash Flow | $3.06B | $2.88B | $7.36B | $6.04B | $20.65B | $10.1B | $8.65B | $9.12B | $8.62B | $1.45B | -$4.18B | $1.33B | $1.69B | $813M | $7.6B | $6.54B | -$960M | $8.14B | $4.36B | $2.8B | $1.18B | $1.45B | $214M | $1.34B | $923M | $977M |
| Cash at Beginning | $4.96B | $4.21B | $4.68B | $11.72B | $13.49B | $7.35B | $5.78B | $4.33B | $4.26B | $3.59B | $3.97B | $5.32B | $5.83B | $3.53B | $7.58B | $7.29B | $10.33B | $1.05B | $4.45B | $1.04B | $1.25B | $585M | $1.09B | $1.12B | $1.21B | $1.45B |
| Cash at End | $7.4B | $4.96B | $4.21B | $4.74B | $11.72B | $13.49B | $7.35B | $5.78B | $4.33B | $4.26B | $3.59B | $3.97B | $5.32B | $5.83B | $3.53B | $7.58B | $7.29B | $10.33B | $1.05B | $4.45B | $1.04B | $1.25B | $585M | $1.09B | $1.12B | $1.21B |