← NATIONAL STEEL CO
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | — | — | — | — | $4.3b | $13.6b | $2.2b | $402.6m | ($1.5b) | ($1.5b) | ($1.5b) | |
| Updated shares – Fair value through profit or loss | — | — | — | $118.8m | ($1.2b) | $11.3m | $1.3b | ($292.3m) | $632.6m | $57.6m | — | |
| Net Income (Loss) Attributable to Parent | — | — | — | — | — | — | $1.6b |
($318.2m)
-120.48%
|
($2.6b)
-714.52%
|
($2.0b)
+22.74%
|
— | |
| Profit or Loss | $853.1m | ($111.2m) | ($5.2b) | $2.2b | $4.3b | $13.6b | $2.2b | $402.6m | ($1.5b) | — | — | |
| Total Adjustments to reconcile net income/(loss) to net cash provide by operation | — | — | $3.6b | $3.7b | $7.5b | $16.4b | $7.9b | $7.0b | $9.8b | $6.3b | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | — | |
| Other Adjustments To Reconcile Profit Loss | ($58.7m) | ($54.8m) | ($50.2m) | $58.7m | ($32.7m) | ($61.6m) | ($152.5m) | ($182.8m) | $100.0m | — | — | |
| Amortization of borrowings and financing | — | — | — | — | — | — | ($10.8b) | ($9.9b) | ($6.9b) | ($11.7b) | — | |
| Amortization of leases | — | — | — | ($94.7m) | ($103.6m) | ($114.3m) | ($156.0m) | ($239.9m) | ($308.2m) | ($371.5m) | — | |
| Depreciation & Amortization (CF) | — | — | $1.3b | $1.5b | $2.5b | $2.2b | $2.9b | $3.4b | $3.8b | $4.2b | $4.3b | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $2.9b | $3.4b | $3.8b | $4.2b | $4.3b | |
| Depreciation and amortization | — | — | — | — | — | — | — | — | — | — | $4.3b | |
| Deferred Income Tax | — | — | — | — | — | — | $513.0m | ($543.4m) | ($1.3b) | ($1.6b) | ($1.7b) | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | — | ($1.7b) | |
| Deferred Tax | — | — | — | — | — | — | $513.0m | ($543.4m) | ($1.3b) | ($1.6b) | ($1.7b) | |
| Deferred taxes | — | — | ($576.9m) | ($2.4b) | ($1.4b) | $759.4m | $420.8m | ($403.5m) | ($1.3b) | ($1.1b) | — | |
| Asset Impairment Charge | — | — | — | — | — | — | ($388.0m) | — | $62.1m | $102.5m | $102.5m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($237.9m) | ($443.6m) | ($456.5m) | ($518.7m) | ($464.1m) | |
| Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($4.7b) | $4.7b | $4.5b | ($1.2b) | ($1.2b) | |
| Change In Receivables | — | — | — | — | — | — | ($1.5b) | ($735.8m) | $551.0m | ($67.2m) | ($1.1b) | |
| Change in Accounts Receivable | — | — | $99.2m | $49.3m | ($594.7m) | $1.2b | ($1.3b) | $226.0m | $69.5m | $945.8m | — | |
| Changes In Account Receivables | — | — | — | — | — | — | ($1.4b) | $238.5m | $36.8m | $940.0m | ($1.1b) | |
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | — | — | — | — | — | ($1.1b) | |
| Receipt of RFFSA receivables | — | — | — | — | — | — | — | — | $442.2m | $506.4m | — | |
| Trade receivables - related party | — | — | $22.1m | ($77.3m) | $49.4m | ($23.2m) | ($72.2m) | $12.5m | ($32.7m) | ($5.8m) | — | |
| Change In Inventory | — | — | — | — | — | — | ($735.0m) | $1.3b | ($906.0m) | ($388.8m) | ($281.0m) | |
| Increase (Decrease) in Inventories | — | — | — | — | — | — | — | — | — | — | ($281.0m) | |
| Inventories | — | — | ($800.0m) | ($218.2m) | $755.6m | ($6.4b) | ($735.0m) | $1.3b | ($906.0m) | ($388.8m) | ($281.0m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($1.7b) | ($576.8m) | ($2.3b) | ($298.3m) | ($853.7m) | |
| Payables to related parties | — | — | $129.0m | $2.0m | $12.0m | ($28.9m) | $21.1m | ($70.7m) | ($24.2m) | $6.8m | — | |
| Taxes payables | — | — | — | — | — | — | ($2.5b) | ($214.3m) | ($215.9m) | ($72.2m) | — | |
| Trade payables | — | — | $925.2m | ($354.3m) | $2.1b | $1.2b | ($479.7m) | $1.2b | ($851.1m) | ($196.3m) | — | |
| Trade payables – Forfaiting | — | — | $65.8m | $1.1b | ($497.5m) | $3.8b | $1.3b | ($1.5b) | ($1.3b) | $5.0m | — | |
| Accrued/(reversal) for consumption and services | — | — | $55.7m | ($130.3m) | ($29.1m) | $41.5m | $25.3m | ($64.8m) | $24.7m | $71.5m | — | |
| Change In Accrued Expense | — | — | — | — | — | — | $31.9m | $48.2m | $87.1m | ($41.6m) | $87.1m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | — | — | $335.4m | ($14.8m) | ($14.8m) | |
| Net Cash Provided by (Used in) Operating Activities | — | — | $5.0m |
($234.5m)
-4766.69%
|
($140.5m)
+40.10%
|
($3.6m)
+97.45%
|
$139.5m
+3990.99%
|
($187.2m)
-234.16%
|
$335.4m
+279.19%
|
($14.8m)
-104.41%
|
($596.1m)
-3927.40%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | $1.3b | $2.2b | $13.0m | $74.3m | $24.9m | $158.1m | $62.1m | $102.5m | ($5.9b) | |
| Write-off of property, plant and equipment right of use and Intangible assets | — | — | — | — | $13.0m | $74.3m | ($24.9m) | $158.1m | $62.1m | $102.5m | — | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | |
| Investments / AFAC / Acquisitions of Shares | — | — | ($218.8m) | ($209.8m) | ($132.2m) | ($296.4m) | ($662.8m) | ($338.6m) | ($32.0m) | ($23.6m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | — | — | ($381.2m) | |
| Net Other Investing Changes | — | — | — | — | — | — | ($119.5m) | ($93.9m) | ($83.5m) | ($63.8m) | $478.0m | |
| Net Cash from Investing Activities | — | — | ($167.8m) | $289.2m | $39.4m | $1.5b | $21.6m | $136.7m | $70.3m | $168.8m | — | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($167.8m) | $289.2m | $39.4m | $1.5b | $21.6m | $136.7m | $70.3m | $168.8m | ($5.6b) | |
| Cash flows from financing activities: | ||||||||||||
| Financial charges in borrowing and financing granted | — | — | — | — | — | — | ($152.5m) | ($182.8m) | ($163.5m) | ($405.3m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $20.2b | $15.6b | $10.1b | $11.1b | $8.0b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $20.2b | $15.6b | $10.1b | $11.1b | $8.0b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($10.9b) | ($10.1b) | ($7.2b) | ($12.1b) | ($8.8b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $9.2b | $5.5b | $2.9b | ($967.5m) | ($743.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $9.2b | $5.5b | $2.9b | ($967.5m) | ($743.0m) | |
| Proceeds From Borrowings Classified As Financing Activities | $22.6m | $534.5m | $2.1b | $10.1b | $8.1b | $12.8b | $20.2b | $15.6b | $10.1b | — | — | |
| Proceeds from Debt Issuance | — | — | $2.1b | $10.1b | $8.1b | $12.8b | $20.2b | $15.6b | $10.1b | $11.1b | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $2.1b | $10.1b | $8.1b | $12.8b | $20.2b | $15.6b | $10.1b | $11.1b | $8.0b | |
| Repayment Of Debt | — | — | — | — | — | — | ($10.9b) | ($10.1b) | ($7.2b) | ($12.1b) | ($8.8b) | |
| Repayments Of Borrowings Classified As Financing Activities | $398.7m | $1.5b | $5.0b | $11.8b | $6.4b | $17.6b | $10.8b | $9.9b | $6.9b | — | — | |
| Repayments of Long-term Debt | — | — | — | — | — | — | — | — | — | — | ($8.8b) | |
| Transactions cost - Borrowings and financing | — | — | ($92.3m) | ($67.4m) | ($39.2m) | ($162.9m) | ($334.7m) | ($201.9m) | ($145.2m) | ($113.5m) | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($3.8b) | ($4.0b) | ($2.5b) | ($695.2m) | ($695.2m) | |
| Common Stock Payments | — | — | — | — | — | — | ($410.6m) | $0 | ($336.2m) | $0 | ($336.2m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($410.6m) | $0 | ($336.2m) | $0 | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($410.6m) | $0 | ($336.2m) | $0 | $0 | |
| Cash Dividends Paid | — | — | — | — | — | — | ($3.8b) | ($4.0b) | ($2.5b) | ($695.2m) | ($695.2m) | |
| Dividend Paid CFO | — | — | — | — | — | — | ($113.7m) | ($52.5m) | ($44.9m) | ($7.7m) | ($7.7m) | |
| Dividends Paid Classified As Financing Activities | $53k | $0 | $502.0m | $1.9b | $309.4m | $3.3b | $3.8b | $4.0b | $2.5b | — | ($695.2m) | |
| Dividends Paid Ordinary Shares Per Share | — | — | — | $0.31 | $0.65 | $1.83 | $1.83 | $1.83 | $1.72 | — | ($695,232,000.00) | |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | — | — | $477.6m | — | — | — | — | — | — | — | — | |
| Dividends USIMINAS | — | — | — | ($29) | ($4) | ($197) | ($114) | ($53) | ($45) | ($8) | — | |
| Dividends and interest on shareholder’s equity | — | — | ($502) | ($2k) | ($309) | ($3k) | ($4k) | ($4k) | ($3k) | ($695) | — | |
| Dividends paid | — | $974.8m | — | $1.9b | — | — | — | — | — | — | ($695.2m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($334.7m) | ($201.9m) | ($145.2m) | ($113.5m) | $622.7m | |
| Net cash (used in) generated by financing activities | — | — | ($3.3b) |
($3.8b)
-16.32%
|
$1.2b
+131.28%
|
($8.5b)
-819.78%
|
$4.7b
+155.65%
|
$1.3b
-72.12%
|
($103.8m)
-107.84%
|
($1.8b)
-1610.70%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | — | ($3.3b) |
($3.8b)
-16.32%
|
$1.2b
+131.28%
|
($8.5b)
-819.78%
|
$4.7b
+155.65%
|
$1.3b
-72.12%
|
($103.8m)
-107.84%
|
($1.8b)
-1610.70%
|
($815.6m)
+54.09%
|
|
| Increase (decrease) in cash and cash equivalents | — | — | ($1.2b) | ($1.2b) | $8.9b | $6.7b | ($4.7b) | $4.1b | $7.3b | ($8.9b) | — | |
| Beginning Cash Position | — | — | — | — | — | — | $16.6b | $12.0b | $16.0b | $23.3b | $19.8b | |
| Cash and equivalents at the beginning of the year | — | — | $2.2b | $1.1b | $9.9b | $16.6b | $12.0b | $16.0b | $23.3b | $14.4b | — | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $9.6m | $27.8m | ($163.0m) | ($16.4m) | $13.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Financial Items | ||||||||||||
| Adjustments For Decrease Increase In Trade Account Receivable | ($388.5m) | ($300.4m) | $99.2m | $49.3m | ($594.7m) | $1.2b | ($1.3b) | $226.0m | $69.5m | — | — | |
| Adjustments For Finance Costs | $2.9b | $2.3b | $1.9b | $1.9b | $1.9b | $2.1b | $2.5b | $3.5b | $4.0b | — | — | |
| Adjustments For Increase Decrease In Trade Account Payable | $482.0m | $667.0m | $990.9m | ($354.3m) | $2.1b | $1.2b | ($479.7m) | $1.2b | ($851.1m) | — | — | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | ($1.0b) | $250.7m | $1.0b | $853.4m | $2.0b | $1.0b | ($105.9m) | $882.2m | $2.9b | — | — | |
| Advance of customers of mineral and energy contracts | — | — | — | $2.5b | ($10.0m) | ($697.1m) | ($863.4m) | $4.8b | $7.0b | ($510.3m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $4.7b | $1.3b | ($103.8m) | ($1.8b) | ($815.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($11.5b) | ($4.6b) | ($1.1b) | ($6.1b) | ($5.6b) | |
| Cash Flow From Continuing Operating Activities | — | $571.9m | $5.0m | ($234.5m) | ($140.5m) | ($3.6m) | $2.0b | $7.3b | $8.7b | ($973.2m) | ($596.1m) | |
| Change In Account Payable | — | — | — | — | — | — | $789.4m | ($340.0m) | ($2.2b) | ($191.4m) | ($853.7m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($4.7b) | $4.1b | $7.3b | ($8.9b) | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | ($2.5b) | ($214.3m) | ($215.9m) | ($72.2m) | ($40.6m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($763.1m) | $4.7b | $7.2b | ($494.9m) | $1.1b | |
| Change In Payable | — | — | — | — | — | — | ($1.7b) | ($625.0m) | ($2.4b) | ($256.7m) | ($853.7m) | |
| Change In Tax Payable | — | — | — | — | — | — | ($2.5b) | ($214.3m) | ($215.9m) | ($72.2m) | ($40.6m) | |
| Changes In Cash | — | — | — | — | — | — | ($4.7b) | $4.0b | $7.4b | ($8.9b) | ($7.0b) | |
| End Cash Position | — | — | — | — | — | — | $12.0b | $16.0b | $23.3b | $14.4b | $12.8b | |
| Equity earnings of affiliated companies | — | — | ($135.7m) | ($125.7m) | ($71.8m) | ($182.5m) | ($237.9m) | ($351.1m) | ($448.0m) | ($518.7m) | — | |
| Financing Cash Flow | — | — | — | — | — | — | $4.7b |
$1.3b
-72.12%
|
($103.8m)
-107.84%
|
($1.8b)
-1610.70%
|
($815.6m)
+54.09%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($3.3b) | $2.9b | $3.2b | ($6.9b) | ($6.5b) | |
| General And Administrative Expense | — | — | $23.5m | ($2.9b) | ($2.5b) | — | ($3.2b) | $4.5b | $6.3b | — | — | |
| Goodwill | $3.6b | $3.6b | $3.6b | — | — | — | $11.4m | — | — | — | $102.5m | |
| Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | — | — | |
| Increase (Decrease) in assets and liabilities | — | — | ($1.4b) | $1.2b | $2.1b | ($1.6b) | ($5.9b) | $298.3m | $361.1m | ($5.8b) | — | |
| Intercompany loans granted | — | — | ($101.9m) | ($101.9m) | ($101.6m) | ($123.7m) | ($119.5m) | ($101.9m) | ($96.0m) | ($71.5m) | — | |
| Intercompany loans received | — | — | — | $23.6m | $14.6m | — | — | $8.0m | $12.4m | $7.7m | — | |
| Interest Paid Classified As Operating Activities | $3.1b | $2.6b | $2.1b | $2.0b | $1.9b | $2.1b | $2.3b | $3.4b | $4.1b | ($4.3b) | — | |
| Interest Received Classified As Operating Activities | $19.6m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($11.5b) | ($4.6b) | ($1.1b) | ($6.1b) | ($5.6b) | |
| Judicial deposits | — | — | ($7.5m) | $19.3m | $50.0m | ($14.7m) | ($39.3m) | $41.8m | ($137.4m) | $30.2m | — | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($5.3b) | $114.8m | $4.4b | ($311.9m) | ($289.2m) | |
| Net Change in Cash | — | — | ($16.0m) | ($5.7m) | ($42.7m) | ($9.4m) | $9.6m | $27.8m | ($163.0m) | ($16.4m) | — | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($105.9m) | $882.2m | $2.9b | $312.6m | $422.5m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($641.2m) | ($201.9m) | $38.3m | $188.3m | $179.4m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($3.4b) | ($4.4b) | ($5.5b) | ($5.9b) | ($5.9b) | |
| Net cash (used in) investment activities | — | — | ($98.5m) | ($2.2b) | ($1.9b) | $447.9m | ($11.5b) | ($4.6b) | ($1.1b) | ($6.1b) | — | |
| Net gain from sale of equity interest | — | — | — | — | — | — | — | ($92.4m) | ($8.5m) | — | — | |
| Operating Cash Flow | — | — | $5.0m |
($234.5m)
-4766.69%
|
($140.5m)
+40.10%
|
($3.6m)
+97.45%
|
$2.0b
+57065.78%
|
$7.3b
+256.99%
|
$8.7b
+18.62%
|
($973.2m)
-111.25%
|
($596.1m)
+38.75%
|
|
| Operating Expenses | — | — | — | — | — | — | — | — | — | — | — | |
| Operating Gains Losses | — | — | — | — | — | — | ($343.8m) | $438.6m | $2.5b | ($206.1m) | ($41.5m) | |
| Other Non Cash Items | — | — | — | — | — | — | $3.0b | $2.4b | $3.9b | $3.3b | — | |
| Other provisions | — | — | ($21.9m) | $104.9m | ($7.7m) | ($18.4m) | ($6.3m) | $106.4m | $92.6m | $90.9m | — | |
| Payroll and related taxes | — | — | ($1.1m) | $36.3m | ($43.6m) | $46.7m | $31.9m | $48.2m | $87.1m | ($41.6m) | — | |
| Proceeds From Disposal Or Maturity Of Availableforsale Financial Assets | ($252.0m) | $0 | ($1.2b) | — | — | — | — | — | — | — | — | |
| Provision for environmental liabilities and decommissioning of assets | — | — | ($55.2m) | $17.1m | $10.4m | $92.4m | ($6.9m) | $81.1m | $114.7m | $54.2m | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | ($12.8m) | $311.4m | $294.1m | $319.2m | $358.2m | |
| Purchase Of Business | — | — | — | — | — | — | ($6.5b) | $0 | $0 | ($417.1m) | ($381.2m) | |
| Purchase Of Intangible Assets Classified As Investing Activities | $3.1m | $622k | $2.2m | $1.4m | — | — | — | — | — | — | — | |
| Purchase Of Investment | — | — | — | — | — | — | ($662.8m) | ($338.6m) | ($32.0m) | ($23.6m) | ($23.6m) | |
| Purchase Of PPE | — | $1.1b | $1.3b | $2.2b | $1.7b | $2.9b | ($3.4b) | ($4.4b) | ($5.5b) | ($5.9b) | ($5.9b) | |
| Receipt of sale of equity interest | — | — | — | — | — | — | — | $114.8m | $4.4b | — | — | |
| Receipts/(Payments) from hedging operations, cash flow and derivatives | — | — | — | — | — | — | $64.4m | ($962.7m) | ($65.4m) | ($286.1m) | — | |
| Recoverable taxes | — | — | $238.2m | $14.1m | $866.0m | ($65.2m) | ($278.4m) | ($1.1b) | $114.2m | ($1.2b) | — | |
| Sale Of Business | — | — | — | — | — | — | $1.2b | $114.8m | $4.4b | $105.2m | $92.0m | |
| Sale Of Investment | — | — | — | — | — | — | $21.6m | $136.7m | $70.3m | $211.9m | $94.0m | |
| Share repurchase | — | — | — | — | — | ($1.5b) | ($410.6m) | — | ($336.2m) | — | — | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $1.3b | ($292.3m) | $632.6m | $57.6m | $62.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.