Vale S.A. cash flow statement VALE
USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.
| Line |
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
FY 2011
Dec 31, 2011
|
FY 2010
Dec 31, 2010
|
FY 2009
Dec 31, 2009
|
|---|---|---|---|---|---|---|---|---|
| Operating | ||||||||
| Depreciation and amortization |
2,916
+3.7%
|
2,813
-1.0%
|
2,842
+6.5%
|
2,669
+201.6%
|
-2,626
-195.6%
|
4,122
+26.4%
|
3,260
+19.8%
|
2,722
|
| Operating cash flow |
—
|
—
|
—
|
—
|
25,679
+79.3%
|
24,496
+27.7%
|
19,183
+168.8%
|
7,136
|
| Investing | ||||||||
| Capital expenditures |
—
|
—
|
—
|
—
|
—
|
16,075
+27.1%
|
12,647
+56.2%
|
8,096
|
| Investing cash flow |
-6,864
-27.9%
|
-5,368
+15.0%
|
-6,319
-34.8%
|
-4,686
+29.1%
|
-6,610
|
-14,069
+18.1%
|
-17,184
-30.6%
|
-13,159
|
| Financing | ||||||||
| Debt issued |
5,468
+12.6%
|
4,855
+149.0%
|
1,950
+52.9%
|
1,275
+37.1%
|
930
-86.3%
|
—
|
—
|
—
|
| Debt repaid |
1,454
-44.2%
|
2,605
+295.9%
|
658
-71.4%
|
2,300
+19.4%
|
1,927
-68.2%
|
—
|
—
|
—
|
| Short-term debt issued |
—
|
—
|
—
|
—
|
—
|
859
-61.5%
|
2,233
+73.8%
|
1,285
|
| Short-term debt repaid |
—
|
—
|
—
|
—
|
—
|
955
-55.2%
|
2,132
+70.0%
|
1,254
|
| Stock buybacks |
—
|
409
-84.9%
|
2,714
-55.0%
|
6,036
+8.8%
|
5,546
+454.6%
|
3,002
+98.8%
|
1,510
+16677.8%
|
9
|
| Financing cash flow |
270
+111.9%
|
-2,275
+69.0%
|
-7,339
+47.2%
|
-13,911
+31.4%
|
-20,284
|
-14,371
-589.9%
|
-2,083
-433.3%
|
625
|
| Change in cash | ||||||||
| Effect of exchange rate |
212
+146.7%
|
-454
-758.0%
|
69
-50.0%
|
138
+125.0%
|
-551
+33.2%
|
—
|
—
|
—
|
| Free cash flow |
—
|
—
|
—
|
—
|
—
|
8,421
+28.8%
|
6,536
+780.8%
|
-960
|
| Shareholder returns | ||||||||
| Returned to shareholders |
—
|
409
|
2,714
|
6,036
|
5,546
|
3,002
|
1,510
|
9
|
| Share of free cash flow |
—
|
—
|
—
|
—
|
—
|
35.65%
|
23.10%
|
—
|
| Ratios | ||||||||
| Free cash flow margin |
—
|
—
|
—
|
—
|
—
|
13.51%
|
13.56%
|
-4.01%
|
| Capital expenditures to revenue |
—
|
—
|
—
|
—
|
—
|
25.78%
|
26.23%
|
33.82%
|
| Cash conversion |
—
|
—
|
—
|
—
|
1.14x
|
1.08x
|
1.10x
|
1.31x
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.
Company profile
- Industry
- Metal Mining (SIC 1000)
- Listed as
- VALE (NYSE)
- Fiscal year ends
- December 31
- Headquarters
- Rio De Janeiro
- SEC filer status
- Large accelerated filer
- SEC CIK
- 917851
- Former names
- Vale S.A. (until Oct 30, 2026); Companhia Vale do Rio Doce (until May 22, 2009); VALLEY OF THE RIO DOCE CO (until Nov 7, 2005); VALLEY OF THE DOCE RIVER CO (until Jan 25, 2002)
Other Metal Mining companies
- BHP Group Ltd BHP
- Rio Tinto Ltd RTNTF
- Southern Copper CORP/ SCCO
- Rio Tinto PLC RIO
- Freeport-Mcmoran Inc FCX
- Hudbay Minerals Inc. HBM
- Cleveland-Cliffs Inc. CLF
- Buenaventura Mining Co Inc BVN
Source: SEC EDGAR filings. This is company-reported data, not investment advice.