Gerdau S.A. (GGB)

Gerdau Cash Flow Statement

Financials in millions BRL. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	7,502	7,502	11,426	15,494	2,366	1,204
Depreciation & Amortization	3,047	3,047	2,867	2,659	2,499	2,074
Share-Based Compensation	157.98	157.98	104.71	65.29	62.8	43.9
Other Operating Activities	2,978	2,978	1,166	-1,638.29	3,243	-395.81
Operating Cash Flow	13,685	13,685	15,563	16,580	8,171	2,926
Operating Cash Flow Growth	-12.07%	-12.07%	-6.13%	102.92%	179.23%	-15.45%
Capital Expenditures	-5,168.47	-5,168.47	-4,243.55	-2,943.39	-1,589.5	-1,724.8
Acquisitions	-477.18	-477.18	-26.75	113.6	-485.32	-74.34
Other Investing Activities	-127.2	-127.2	-189.38	-166.31	-154.25	-100.31
Investing Cash Flow	-5,772.84	-5,772.84	-4,459.68	-2,996.1	-2,229.08	-1,899.45
Dividends Paid	-2,683.33	-2,683.33	-5,891.69	-5,339.43	-274.82	-484.17
Share Issuance / Repurchase	0	0	-1,073.12	0	0	0
Debt Issued / Paid	-1,442.2	-1,442.2	-1,248.04	-4,782.77	-2,211.2	538.67
Other Financing Activities	0.1	0.1	-43.43	139.56	-7.78	-64.09
Financing Cash Flow	-4,125.43	-4,125.43	-8,256.29	-9,982.64	-2,493.79	-9.6
Exchange Rate Effect	-710.66	-710.66	-119.16	5.26	290.51	17.76
Net Cash Flow	529.78	529.78	-1,684.79	-456.55	1,976	-248.49
Free Cash Flow	8,516	8,516	11,320	13,636	6,581	1,201
Free Cash Flow Growth	-24.76%	-24.76%	-16.99%	107.20%	447.82%	-80.89%
Free Cash Flow Margin	12.36%	12.36%	13.74%	17.41%	15.02%	3.03%
Free Cash Flow Per Share	4.24	4.24	5.22	6.29	3.04	0.55

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).