← GERDAU S.A.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Net Income | — | — | — | — | — | — | $11.4b | $7.5b | $4.6b | $1.4b | |
| Net Income From Continuing Operations | — | — | — | — | — | — | $11.5b | $7.5b | $4.6b | $1.4b | |
| Net income for the year | ($2.9b) | ($338.7m) | $2.3b | $1.2b | $2.4b | $15.6b | $11.5b | $7.5b | $4.6b | $1.4b | |
| Amortization Cash Flow | — | — | — | — | — | — | $265.1m | $166.2m | $170.3m | $196.1m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $265.1m | $166.2m | $170.3m | $196.1m | |
| Depreciation | — | — | — | — | — | — | $2.6b | $2.9b | $3.0b | $3.5b | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $2.9b | $3.0b | $3.1b | $3.7b | |
| Depreciation and amortization | $2.5b | $2.1b | $1.9b | $2.1b | $2.5b | $2.7b | $2.9b | $3.0b | $3.1b | $3.7b | |
| Deferred Income Tax | — | — | — | — | — | — | $4.7b | $871.6m | $974.1m | $1.1b | |
| Deferred Tax | — | — | — | — | — | — | $4.7b | $871.6m | $974.1m | $1.1b | |
| Adjustments For Share-Based Payments | $46.7m | $35.6m | $41.2m | $43.9m | $62.8m | $65.3m | $104.7m | $158.0m | $152.4m | $149.2m | |
| Asset Impairment Charge | — | — | — | — | — | — | $81k | $10.7m | $230.5m | $2.0b | |
| Impairment of assets | $2.9b | $1.1b | $0 | $0 | $411.9m | $0 | — | — | $199.6m | $2.0b | |
| Impairment of financial assets | — | $18.3m | $9.9m | $21.0m | $64.1m | ($357k) | $81k | $10.7m | $30.9m | $10.2m | |
| Adjustments For Income Tax Expense | $304.3m | $295.4m | ($169.0m) | $457.8m | $1.1b | $4.7b | $4.4b | $1.8b | $864.7m | $1.1b | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($1.2b) | ($827.6m) | ($1.3b) | ($95.6m) | |
| Interest expense on debt and debentures | $1.5b | $1.3b | $1.2b | $938.1m | $1.0b | $1.1b | $964.6m | $840.1m | $796.9m | $1.3b | |
| Interest expense on leases liabilities | — | — | — | — | — | $68.8m | $88.4m | $127.8m | $129.1m | $122.3m | |
| Losses on disposal of property, plant and equipment | $308.7m | $554.5m | $4.0b | $21.8m | $61.3m | $82.6m | $48.3m | $40.7m | $1.6b | $69.7m | |
| Cash flows from operations before changes in working capital | $4.2b | $3.9b | $6.0b | $4.8b | $6.8b | $22.7b | $19.8b | $12.4b | $10.0b | $9.6b | |
| Additional Financial Items | |||||||||||
| (Reversal) Provision for net realizable value adjustment in inventory, net | ($31.5m) | ($20.2m) | $8.2m | $24.7m | ($40.7m) | ($2.8m) | $43.8m | $12.0m | ($33.1m) | $23.5m | |
| Additions in other intangibles | ($54.0m) | ($37.9m) | ($67.4m) | ($100.3m) | ($154.2m) | ($166.3m) | ($189.4m) | ($127.2m) | ($168.0m) | ($171.2m) | |
| Adjustments For Decrease Increase In Trade Account Receivable | $64.8m | ($54.7m) | $71.6m | $656.8m | ($527.7m) | ($1.6b) | $290.6m | ($294.5m) | $549.5m | $149.6m | |
| Adjustments For Increase Decrease In Trade Account Payable | $110.5m | $800.2m | $900.4m | ($642.7m) | $1.0b | $2.5b | ($995.6m) | ($355.4m) | ($1.2b) | ($486.4m) | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | ($851.6m) | $4.1m | $322.6m | $247.6m | $204.3m | $108.4m | $974.7m | $850.4m | $1.1b | ($210.8m) | |
| Beginning Cash Position | — | — | — | — | — | — | $4.2b | $2.5b | $3.0b | $7.8b | |
| Capital increase in associate and joint venture | — | ($178.7m) | $0 | $20.3m | ($42.8m) | $113.6m | ($26.8m) | ($524.2m) | ($191.9m) | ($91.4m) | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($8.3b) | ($4.1b) | ($2.7b) | ($1.7b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($4.5b) | ($5.8b) | ($5.0b) | ($7.6b) | |
| Change In Account Payable | — | — | — | — | — | — | ($995.6m) | ($355.4m) | ($1.2b) | ($486.4m) | |
| Change In Inventory | — | — | — | — | — | — | ($2.0b) | $1.3b | $542.5m | $956.9m | |
| Change In Payable | — | — | — | — | — | — | ($2.6b) | ($789.5m) | ($1.6b) | ($690.0m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($2.6b) | ($789.5m) | ($1.6b) | ($690.0m) | |
| Change In Receivables | — | — | — | — | — | — | $5.8m | ($401.7m) | $2.4b | $346.8m | |
| Change In Working Capital | — | — | — | — | — | — | ($4.6b) | $114.2m | $1.4b | $613.8m | |
| Changes In Account Receivables | — | — | — | — | — | — | $290.6m | ($294.5m) | $549.5m | $149.6m | |
| Changes In Cash | — | — | — | — | — | — | ($1.6b) | $1.2b | $3.7b | ($1.3b) | |
| Decrease (Increase) in other receivables | ($275.9m) | ($371.7m) | ($119.0m) | $146.8m | $369.1m | $290.7m | ($284.8m) | ($107.2m) | $1.9b | $197.2m | |
| Decrease (Increase) in trade accounts receivable | $64.8m | ($54.7m) | $71.6m | $656.8m | ($527.7m) | ($1.6b) | $290.6m | ($294.5m) | $549.5m | $149.6m | |
| Decrease in inventories | $794.6m | ($1.3b) | ($2.4b) | $1.6b | ($428.3m) | ($7.7b) | ($2.0b) | $1.3b | $542.5m | $956.9m | |
| Decrease in other payables | ($287.5m) | ($56.9m) | ($1.2b) | ($462.9m) | $182.9m | ($317.7m) | ($1.5b) | ($434.1m) | ($407.1m) | ($203.6m) | |
| Decrease in trade accounts payable | $110.5m | $800.2m | $900.4m | ($642.7m) | $1.0b | $2.5b | ($995.6m) | ($355.4m) | ($1.2b) | ($486.4m) | |
| End Cash Position | — | — | — | — | — | — | $2.5b | $3.0b | $7.8b | $5.9b | |
| Equity in earnings of unconsolidated companies | $12.8m | $34.6m | ($10.1m) | $17.1m | ($152.6m) | ($563.2m) | ($1.2b) | ($827.6m) | ($464.5m) | ($95.6m) | |
| Exchange variation, net | ($851.6m) | $4.1m | $322.6m | $247.6m | $204.3m | $108.4m | $974.7m | $850.4m | $1.1b | ($210.8m) | |
| Financing Cash Flow | — | — | — | — | — | — | ($8.3b) | ($4.1b) | ($2.7b) | ($1.7b) | |
| Free Cash Flow | — | — | — | — | — | — | $6.7b | $5.8b | $5.4b | $1.1b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($39.1m) | $15.0m | $176.9m | $45.6m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($25.6m) | $27.5m | $45.9m | $75.4m | |
| General And Administrative Expense | $1.5b | $1.1b | $1.1b | $954.1m | $1.0b | $1.4b | $1.5b | $1.5b | $1.4b | $1.3b | |
| Goodwill | $9.5b | $7.9b | $9.1b | $9.5b | $12.1b | $12.4b | $11.6b | $10.8b | $13.9b | $12.0b | |
| Income tax | $304.3m | $295.4m | ($169.0m) | $457.8m | $1.1b | $4.7b | $4.4b | $1.8b | $864.7m | $1.1b | |
| Intercompany loans, net | ($6.5m) | $5.8m | $25.8m | ($64.1m) | ($7.8m) | $139.6m | $2.7m | $102k | ($25.0m) | — | |
| Interest income on short-term investments | ($108.0m) | ($75.4m) | ($49.7m) | ($72.8m) | ($99.4m) | ($170.7m) | ($309.8m) | ($481.6m) | ($274.3m) | ($166.3m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($4.5b) | ($5.8b) | ($5.0b) | ($7.6b) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | — | — | $0 | $0 | |
| Leasing payment | — | — | $0 | ($161.8m) | ($247.9m) | ($275.9m) | ($310.2m) | ($388.2m) | ($459.5m) | ($487.8m) | |
| Long-term incentive plans | $46.7m | $35.6m | $41.2m | $43.9m | $62.8m | $65.3m | $104.7m | $158.0m | $152.4m | $149.2m | |
| Losses on derivative financial instruments, net | $38.9m | $9.4m | ($32.1m) | $15.1m | $774k | ($17.9m) | ($39.1m) | $15.0m | $176.9m | $45.6m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($26.8m) | ($477.2m) | ($647.6m) | ($790.6m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $974.7m | $850.4m | $1.1b | ($210.8m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($189.4m) | ($127.2m) | ($168.0m) | ($171.2m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($4.2b) | ($5.2b) | ($4.2b) | ($6.6b) | |
| Operating Gains Losses | — | — | — | — | — | — | $109.9m | $459.2m | $424.1m | $235.1m | |
| Other Non Cash Items | — | — | — | — | — | — | $589.7m | $1.2b | $2.7b | $1.4b | |
| Payment for acquisition of company control | — | — | $0 | $0 | ($442.5m) | $0 | — | — | ($455.7m) | ($699.1m) | |
| Payment of loans and financing | ($4.6b) | ($7.2b) | ($6.0b) | ($4.9b) | ($5.1b) | ($5.1b) | ($3.2b) | ($2.8b) | ($3.3b) | ($8.0b) | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | $161.8m | $247.9m | $275.9m | $310.2m | $388.2m | $459.5m | $487.8m | |
| Payments To Acquire Or Redeem Entitys Shares | $95.3m | — | $243.4m | — | $0 | — | $1.1b | — | $1.2b | $1.2b | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | $351.7m | $394.0m | $409.8m | $420.4m | |
| Post-employment benefits | $229.8m | $192.7m | $189.6m | $165.5m | $203.7m | $255.5m | $247.0m | $236.0m | $257.4m | $271.2m | |
| Proceeds From Borrowings Classified As Financing Activities | $2.5b | $3.3b | $2.6b | $5.6b | $3.1b | $609.7m | $2.3b | $1.8b | $3.9b | $9.2b | |
| Proceeds from loans and financing | $2.5b | $3.3b | $2.6b | $5.6b | $3.1b | $609.7m | $2.3b | $1.8b | $3.9b | $9.2b | |
| Provision of tax, civil, labor and environmental liabilities, net | $347.9m | ($110.3m) | ($56.4m) | $38.4m | $477.5m | $125.6m | $295.0m | $160.2m | $210.3m | ($40.4m) | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $43.8m | $12.0m | ($33.1m) | $23.5m | |
| Purchase Of Business | — | — | — | — | — | — | ($26.8m) | ($524.2m) | ($647.6m) | ($790.6m) | |
| Purchase Of Intangible Assets Classified As Investing Activities | $54.0m | $37.9m | $67.4m | $100.3m | $154.2m | $166.3m | $189.4m | $127.2m | $168.0m | $171.2m | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($189.4m) | ($127.2m) | ($168.0m) | ($171.2m) | |
| Purchase Of PPE | — | $873.3m | $1.2b | $1.7b | $1.7b | $3.0b | ($4.3b) | ($5.2b) | ($5.8b) | ($6.7b) | |
| Purchases of Treasury stocks | ($95.3m) | — | ($243.4m) | $0 | $0 | — | ($1.1b) | — | ($1.2b) | ($1.2b) | |
| Repayments Of Borrowings Classified As Financing Activities | $4.6b | $7.2b | $6.0b | $4.9b | $5.1b | $5.1b | $3.2b | $2.8b | $3.3b | $8.0b | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($1.1b) | $0 | ($1.2b) | ($1.2b) | |
| Results in operations with subsidiary and joint ventures | — | — | — | $0 | $0 | $162.9m | — | — | ($808.4m) | — | |
| Sale Of Business | — | — | — | — | — | — | $0 | $47.0m | $0 | $0 | |
| Sale Of PPE | — | — | — | — | — | — | $48.3m | $40.7m | $1.6b | $69.7m | |
| Tax credits recovery | — | — | $0 | ($402.5m) | ($1.4b) | ($1.2b) | — | ($1.1b) | ($100.9m) | — | |
| Profit or Loss | ($2.9b) | ($338.7m) | $2.3b | $1.2b | $2.4b | $15.6b | $11.5b | $7.5b | $4.6b | $1.4b | |
| Capital Expenditure | — | — | — | — | — | — | ($4.5b) | ($5.3b) | ($5.9b) | ($6.9b) | |
| Purchases of property, plant and equipment | ($1.3b) | ($873.3m) | ($1.2b) | ($1.7b) | ($1.7b) | ($3.0b) | ($4.3b) | ($5.2b) | ($5.8b) | ($6.7b) | |
| Purchases of short-term investments | ($880.4m) | ($2.4b) | ($1.5b) | ($3.7b) | ($3.2b) | ($3.0b) | ($3.6b) | ($7.2b) | ($924.7m) | ($362.9m) | |
| Proceeds from maturities and sales of short-term investments | $1.1b | $2.9b | $1.6b | $521.6m | $3.9b | $3.6b | $3.4b | $7.9b | $3.0b | $616.0m | |
| Net cash used by investing activities | ($1.1b) | ($535.5m) | $2.4b | ($1.9b) | ($2.2b) | ($3.0b) | ($4.5b) | ($5.8b) | ($5.0b) | ($7.6b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $2.3b | $1.8b | $3.9b | $9.2b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $2.3b | $1.8b | $3.9b | $9.2b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($1.2b) | ($1.4b) | $163.9m | $738.8m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($1.2b) | ($1.4b) | $163.9m | $738.8m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($3.5b) | ($3.2b) | ($3.8b) | ($8.5b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($3.5b) | ($3.2b) | ($3.8b) | ($8.5b) | |
| Common Stock Issuance | — | — | — | — | — | — | — | — | $0 | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($1.1b) | $0 | ($1.2b) | ($1.2b) | |
| Common Stock Payments | — | — | — | — | — | — | ($1.1b) | $0 | ($1.2b) | ($1.2b) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($5.9b) | ($2.7b) | ($1.7b) | ($1.3b) | |
| Dividend Received CFO | — | — | — | — | — | — | $425.5m | $461.3m | $414.7m | $235.3m | |
| Dividends Paid Classified As Financing Activities | $86.0m | $86.4m | $599.1m | $484.2m | $274.8m | $5.3b | $5.9b | $2.7b | $1.7b | $1.3b | |
| Dividends Recognised As Distributions To Owners Of Parent Relating To Current Year | — | — | — | — | — | $5.1b | $5.8b | $2.5b | $1.5b | $1.1b | |
| Dividends Recognised As Distributions To Owners Of Parent Relating To Prior Years | — | — | — | — | — | $528k | $341.6m | $333.2m | $175.2m | $203.3m | |
| Dividends from associates and joint ventures | $124 | $41 | $55 | $44 | $95 | $117 | $425 | $461 | $415 | $235 | |
| Dividends paid | $87.3m | $88.5m | — | — | — | — | — | — | — | — | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($119.2m) | ($710.7m) | $1.1b | ($536.3m) | |
| (Decrease) Increase in cash and cash equivalents | ($584.7m) | ($2.5b) | $334.8m | ($248.5m) | $2.0b | ($456.6m) | ($1.7b) | $529.8m | $4.8b | ($1.8b) | |
| Cash and cash equivalents at beginning of year | $5.1b | $2.6b | $2.9b | $2.6b | $4.6b | $4.2b | $2.5b | $3.0b | $7.8b | $5.9b | |
| Exchange variation on cash and cash equivalents | ($694.0m) | $7.4m | $208.0m | $17.8m | $290.5m | $5.3m | ($119.2m) | ($710.7m) | $1.1b | ($536.3m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($1.7b) | $529.8m | $4.8b | ($1.8b) | |
| Interest Paid Classified As Operating Activities | $1.2b | $1.3b | $1.2b | $945.0m | $1.1b | $1.1b | $968.9m | $858.3m | $946.9m | $1.5b | |
| Income Taxes Paid Refund Classified As Operating Activities | $168.0m | $126.0m | $298.7m | $254.7m | $621.0m | $2.9b | $3.4b | $1.6b | $1.4b | $1.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.