Vale S.A. (VALE)

Vale S.A. Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	7,983	18,788	22,445	4,881	-1,683
Depreciation & Amortization	0	0	0	0	3,489
Other Operating Activities	9,269	-26	10,969	14,013	15,444
Operating Cash Flow	17,252	18,762	33,414	18,894	17,250
Operating Cash Flow Growth	-8.05%	-43.85%	76.85%	9.53%	12.27%
Capital Expenditures	-6,473	-5,784	-5,446	-4,227	-3,464
Acquisitions	204	219	190	173	-2,211
Change in Investments	-31	837	1,244	82	-904
Other Investing Activities	-19	42	-2,598	-697	-410
Investing Cash Flow	-6,319	-4,686	-6,610	-4,669	-6,989
Dividends Paid	-5,513	-6,603	-13,483	-3,350	0
Share Issuance / Repurchase	-2,714	-6,036	-5,546	0	0
Debt Issued / Paid	1,059	-1,249	-1,212	532	-2,485
Other Financing Activities	-171	-23	-43	142	-1,010
Financing Cash Flow	-7,339	-13,911	-20,284	-2,676	-3,495
Exchange Rate Effect	69	138	-551	-825	-60
Net Cash Flow	-493	-7,112	-1,215	6,977	1,626
Free Cash Flow	10,779	12,978	27,968	14,667	13,786
Free Cash Flow Growth	-16.94%	-53.60%	90.69%	6.39%	19.04%
Free Cash Flow Margin	25.80%	29.60%	51.32%	37.09%	37.72%
Free Cash Flow Per Share	2.26	2.68	5.45	2.86	2.69

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).