Vale S.A. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1998
Revenue	41,784	43,839	54,502	39,545	36,549	Upgrade
Revenue Growth (YoY)	-4.69%	-19.56%	37.82%	8.20%	-0.07%	Upgrade
Cost of Revenue	24,089	24,028	21,729	17,564	19,312	Upgrade
Gross Profit	17,695	19,811	32,773	21,981	17,237	Upgrade
Selling, General & Admin	553	515	481	491	474	Upgrade
Research & Development	723	660	549	415	413	Upgrade
Other Operating Expenses	2,214	1,428	4,050	8,252	12,457	Upgrade
Operating Expenses	3,490	2,603	5,080	9,158	13,344	Upgrade
Operating Income	14,205	17,208	27,693	12,823	3,893	Upgrade
Interest Expense / Income	1,459	1,179	1,249	1,158	3,684	Upgrade
Other Expense / Income	1,717	-5,730	-698	6,049	2,487	Upgrade
Pretax Income	11,029	21,759	27,142	5,616	-2,278	Upgrade
Income Tax	3,046	2,971	4,697	735	-595	Upgrade
Net Income	7,983	18,788	22,445	4,881	-1,683	Upgrade
Net Income Growth	-57.51%	-16.29%	359.84%	-	-	Upgrade
Shares Outstanding (Basic)	4,779	4,840	5,130	5,128	5,126	Upgrade
Shares Change	-1.25%	-5.66%	0.03%	0.04%	-1.37%	Upgrade
EPS (Basic)	1.83	4.05	4.47	0.95	-0.33	Upgrade
EPS (Diluted)	1.83	4.05	4.47	0.95	-0.33	Upgrade
EPS Growth	-54.81%	-9.40%	370.53%	-	-	Upgrade
Free Cash Flow	10,779	12,978	27,968	14,667	13,786	Upgrade
Free Cash Flow Per Share	2.26	2.68	5.45	2.86	2.69	Upgrade
Dividend Per Share	1.229	1.464	2.745	0.457	0.347	Upgrade
Dividend Growth	-16.05%	-46.67%	500.66%	31.70%	-36.79%	Upgrade
Gross Margin	42.35%	45.19%	60.13%	55.58%	47.16%	Upgrade
Operating Margin	34.00%	39.25%	50.81%	32.43%	10.65%	Upgrade
Profit Margin	19.11%	42.86%	41.18%	12.34%	-4.60%	Upgrade
Free Cash Flow Margin	25.80%	29.60%	51.32%	37.09%	37.72%	Upgrade
Effective Tax Rate	27.62%	13.65%	17.31%	13.09%	-	Upgrade
EBITDA	12,488	22,938	28,391	6,774	4,895	Upgrade
EBITDA Margin	29.89%	52.32%	52.09%	17.13%	13.39%	Upgrade
Depreciation & Amortization	0	0	0	0	3,489	Upgrade
EBIT	12,488	22,938	28,391	6,774	1,406	Upgrade
EBIT Margin	29.89%	52.32%	52.09%	17.13%	3.85%	Upgrade

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).