Vale S.A. Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	5,055	843.62	1,084	11,151	19,781	29,541
Depreciation & Amortization	3,246	562.96	494.71	3,070	3,171	3,034
Other Adjustments	5,957	1,080	598.93	3,934	-2,874	504
Change in Receivables	-315	21.76	269.93	197	-325	1,029
Changes in Inventories	-1,051	-195.09	-88.84	-214	45	-503
Changes in Accounts Payable	634	158.64	-58.26	637	495	251
Changes in Other Operating Activities	-4,238	-875.89	-784.38	-5,610	-8,808	-8,177
Operating Cash Flow	9,011	1,596	1,516	13,165	11,485	25,679
Operating Cash Flow Growth	22.66%	5.28%	-88.49%	14.63%	-55.27%	79.30%
Capital Expenditures	-5,936	-1,089	-1,043	-5,920	-5,446	-5,033
Purchases of Investments	204	61.1	-13.76	127	260	540
Proceeds from Sale of Investments	891	161.55	434.83	-139	577	704
Proceeds from Business Divestments	322	56.75	13.11	204	219	190
Other Investing Activities	-2,278	-434.96	-259.57	-591	-296	-3,011
Investing Cash Flow	-6,761	-1,244	-868.69	-6,319	-4,686	-6,610
Long-Term Debt Issued	4,069	989.76	785.68	1,950	1,275	930
Long-Term Debt Repaid	-1,631	-263.62	-421.56	-658	-2,300	-1,927
Net Long-Term Debt Issued (Repaid)	2,438	726.14	364.11	1,292	-1,025	-997
Repurchase of Common Stock	-74	-	-66.19	-2,714	-6,036	-5,546
Net Common Stock Issued (Repurchased)	-74	-	-66.19	-2,714	-6,036	-5,546
Common Dividends Paid	-4,327	-645.63	-633.4	-5,554	-6,615	-13,513
Other Financing Activities	-178	-31.55	-32.69	-363	-235	-228
Financing Cash Flow	-1,400	48.95	-368.16	-7,339	-13,911	-20,284
Effect of Exchange Rate Changes on Cash and Cash Equivalents	177	38.44	-73.47	69	138	-551
Net Cash Flow	850	400.15	278.83	-493	-7,112	-1,215
Free Cash Flow	3,075	506.75	472.38	7,245	6,039	20,646
Free Cash Flow Growth	506.80%	7.28%	-93.48%	19.97%	-70.75%	104.52%
FCF Margin	7.73%	1.32%	1.24%	17.34%	13.78%	37.88%
Free Cash Flow Per Share	0.72	0.12	0.11	1.66	1.30	4.12
Levered Free Cash Flow	-1,994	1,640	5,050	1,238	7,220	11,020
Unlevered Free Cash Flow	-805.09	1,075	8,146	2,288	4,080	12,862

SEC Filings: 10-K · 10-Q