Gerdau Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	3,001	4,566	7,502	11,426	15,494	2,366
Depreciation & Amortization	3,581	3,126	3,047	2,867	2,481	2,311
Other Amortization	-	-	-	-	177.67	188.08
Loss (Gain) From Sale of Assets	22.96	45.86	27.53	-25.58	-77.42	-18.48
Asset Writedown & Restructuring Costs	-	199.63	-	-	-	411.93
Loss (Gain) From Sale of Investments	-22.85	-	-	-	162.91	-
Loss (Gain) on Equity Investments	-202.8	-1,273	-827.61	-1,152	-563.16	-152.57
Stock-Based Compensation	157.98	152.41	157.98	104.71	65.29	62.8
Provision & Write-off of Bad Debts	30.91	30.91	10.73	0.08	-0.36	-1,295
Other Operating Activities	681.51	648.56	-39.56	2,197	885.47	1,128
Change in Accounts Receivable	-87.05	549.55	-294.51	290.58	-1,614	-527.72
Change in Inventory	496.74	542.5	1,305	-2,039	-7,704	-428.26
Change in Accounts Payable	-270.49	-1,193	-355.42	-995.6	2,534	1,015
Change in Other Net Operating Assets	238.12	3,985	605.37	-1,522	675.57	646.95
Operating Cash Flow	7,627	11,381	11,139	11,150	12,517	6,408
Operating Cash Flow Growth	-37.52%	2.18%	-0.10%	-10.92%	95.34%	290.06%
Capital Expenditures	-7,079	-5,778	-5,209	-4,292	-3,026	-1,651
Sale of Property, Plant & Equipment	99.67	1,560	40.66	48.32	82.64	61.28
Cash Acquisitions	-1,129	-455.68	-	-	-	-442.54
Sale (Purchase) of Intangibles	-168.49	-168.04	-127.2	-189.38	-166.31	-154.25
Investment in Securities	-182.31	-191.95	-477.18	-26.75	113.6	-42.78
Investing Cash Flow	-8,459	-5,034	-5,773	-4,460	-2,996	-2,229
Long-Term Debt Issued	-	3,918	1,777	2,263	609.7	3,121
Long-Term Debt Repaid	-	-3,754	-3,219	-3,511	-5,392	-5,332
Net Debt Issued (Repaid)	5,431	163.94	-1,442	-1,248	-4,783	-2,211
Repurchase of Common Stock	-1,831	-1,195	-	-1,073	-	-
Common Dividends Paid	-1,355	-1,656	-2,683	-5,892	-5,339	-274.82
Other Financing Activities	-	-	-	-43.43	139.56	-7.78
Financing Cash Flow	2,245	-2,687	-4,125	-8,256	-9,983	-2,494
Foreign Exchange Rate Adjustments	-97.62	1,102	-710.66	-119.16	5.26	290.51
Net Cash Flow	1,315	4,762	529.78	-1,685	-456.55	1,976
Free Cash Flow	548.41	5,603	5,930	6,858	9,491	4,757
Free Cash Flow Growth	-91.88%	-5.51%	-13.54%	-27.74%	99.51%	-
Free Cash Flow Margin	0.79%	8.36%	8.60%	8.32%	12.11%	10.86%
Free Cash Flow Per Share	0.27	2.67	2.81	3.25	4.40	2.21
Cash Interest Paid	1,208	1,076	986.09	1,057	1,170	1,080
Cash Income Tax Paid	879.16	1,400	1,560	3,356	2,893	621.03
Levered Free Cash Flow	-584.31	806.36	4,528	6,358	3,455	3,873
Unlevered Free Cash Flow	135.42	1,304	5,053	6,961	4,118	4,512
Change in Working Capital	377.32	3,884	1,261	-4,266	-6,108	1,406

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q