Vale S.A. (VALE) annual results, year to 31 December 2017: revenue USD 33,967 million, from the 20-F
Vale S.A. files a 20-F with the SEC once a year, in US dollars. In the year to 31 December 2017 it reported revenue of USD 33,967 million, up 23.6% on the year before. Its profit attributable to shareholders was USD 5,507 million, up 38.3%.
The year to 31 December 2017, against the year before
| Year to | Dec 2016 † | Dec 2017 † |
|---|---|---|
| Revenue | 27,488 | 33,967 |
| Cost of sales | 17,650 | 21,039 |
| Gross profit | 9,838 | 12,928 |
| Research and development | 319 | 340 |
| Selling, general and administrative | 507 | 531 |
| Operating profit | 7,052 | 10,930 |
| Finance costs | 2,677 | 3,273 |
| Profit before tax | 7,984 | 7,829 |
| Income tax | 2,781 | 1,495 |
| Profit for the year | 3,976 | 5,521 |
| Profit attributable to shareholders | 3,982 | 5,507 |
| Filing | 20-F | 20-F |
USD million, from the 20-F on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated.
Cash flow
| Year to | Dec 2016 † | Dec 2017 † |
|---|---|---|
| Cash from operations | 6,401 | 12,450 |
| Purchase of property, plant and equipment | 4,951 | 3,831 |
| Free cash flow | 1,450 | 8,619 |
| Dividends paid | 250 | 1,456 |
| Filing | 20-F | 20-F |
USD million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet at year end
| Year to | Dec 2016 † | Dec 2017 † |
|---|---|---|
| Total assets | 99,014 | 99,184 |
| Equity attributable to shareholders | 39,042 | 43,458 |
| Cash and cash equivalents | 4,328 | 5,784 |
| Borrowings, as filed | 29,322 | 22,489 |
| Inventories | 3,349 | 3,926 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2016 † | Dec 2017 † |
|---|---|---|
| Gross margin | 35.8% | 38.1% |
| Operating margin | 25.7% | 32.2% |
| Net margin | 14.5% | 16.2% |
| Free cash flow margin | 5.3% | 25.4% |
| Return on year-end equity | 10.2% | 12.7% |
| Effective tax rate | 34.8% | 19.1% |
| Filing | 20-F | 20-F |
Arithmetic on the filed lines of the same year.
Every annual report here
- Year to 31 December 2025
- Year to 31 December 2024
- Year to 31 December 2023
- Year to 31 December 2022
- Year to 31 December 2021
- Year to 31 December 2020
- Year to 31 December 2019
- Year to 31 December 2018
- Year to 31 December 2017, this page
- Year to 31 December 2016
- Year to 31 December 2015
Source
20-F for the year to 31 December 2017, filed 3 April 2020, accession 0001047469-20-002065: the filing on EDGAR. All of Vale S.A.'s filings: EDGAR company page. The figures are in US dollars as filed.
The same record on your computer
GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.