Vale s.a. (VALE)
Balance Sheet / TTM
Dec'17Dec'16Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Dec'08
Assets
Current assets
Cash and cash equivalents

4,328

4,262

5,832

7,951

4,083

4,922

3,531

7,565

13,227

11,271

7,584

9,723

6,235

11,124

7,293

10,331

Accounts receivable

2,600

3,663

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financial assets

2,022

292

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

3,926

3,349

5,052

5,144

5,281

5,533

5,251

5,056

5,273

4,810

4,298

4,263

3,806

3,404

3,196

3,896

Prepaid income taxes

781

159

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recoverable taxes

1,172

1,625

2,260

1,793

2,167

1,973

2,230

2,017

2,131

1,700

1,603

1,389

1,303

1,527

1,511

1,993

Others

538

628

956

1,234

1,070

1,084

946

1,208

834

857

593

829

845

921

865

465

Total current assets other than non-current assets held for sale

15,367

13,978

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current assets held for sale

3,587

8,589

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

18,954

22,567

22,897

25,316

20,787

22,727

21,736

26,778

31,673

27,878

31,791

31,489

25,039

22,812

21,294

23,238

Non-current assets
Other financial assets

3,232

626

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid income taxes

530

527

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recoverable taxes

638

727

658

685

617

619

587

490

518

445

361

232

474

818

817

394

Deferred income taxes

6,638

7,343

2,886

893

977

579

594

611

511

428

-

-

-

-

-

-

Others

267

276

614

157

210

152

524

664

185

160

249

583

193

149

688

161

Total non-current assets excluding investments, intangible assets and property, plant and equipment

13,291

10,461

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in associates and joint ventures

3,568

3,696

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangibles

8,493

6,871

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, plant and equipment

54,878

55,419

90,744

92,095

90,103

92,531

88,895

84,273

91,677

86,498

83,096

78,697

72,616

68,090

67,637

48,454

Total non current assets

80,230

76,447

108,581

111,138

108,769

111,705

106,992

8,972

9,967

10,196

97,348

9,003

7,571

7,767

7,590

5,017

Short-term investments

-

-

246

685

-

-

-

-

-

540

1,793

0

0

12

3,747

2,308

Related parties

-

-

134

114

159

369

288

274

314

325

435

57

89

97

79

137

Third parties

-

-

6,661

6,511

6,866

7,289

8,217

8,421

7,919

7,182

7,776

7,501

5,741

3,779

3,041

3,067

Loans and advances to related parties

-

-

384

295

349

163

82

201

231

194

96

81

14

148

107

53

Deferred income tax

-

-

356

279

-

436

203

517

249

300

386

665

533

1,152

852

583

Unrealized gains on derivative instruments

-

-

281

281

322

584

595

835

793

103

52

23

21

177

105

0

Advances to suppliers

-

-

256

240

303

374

393

623

487

386

188

321

328

471

498

405

Assets held for sale

-

-

479

789

187

-

-

61

215

210

6,987

6,637

6,124

-

0

-

Intangible assets

-

-

1,022

1,043

1,055

1,139

1,135

1,138

1,344

1,297

1,274

1,195

1,133

1,155

1,173

875

Investments in affiliated companies, joint ventures and others investments

-

-

6,492

8,305

8,173

8,767

8,093

7,837

8,552

8,326

4,497

4,911

4,444

4,516

4,585

2,408

Goodwill on acquisition of subsidiaries

-

-

2,947

2,973

2,948

3,082

3,026

3,005

3,370

3,371

3,317

3,249

3,017

2,343

2,313

1,898

Related parties

-

-

408

544

428

510

509

10

39

36

29

0

11

45

36

0

Third parties

-

-

246

175

218

208

210

288

305

307

165

153

134

166

158

77

Prepaid pension cost

-

-

844

2,392

1,939

1,834

1,666

1,737

1,935

2,102

1,962

1,947

1,464

1,523

1,335

622

Prepaid expenses

-

-

-

182

363

342

-

206

333

333

222

225

230

231

235

223

Judicial deposits

1,986

962

1,515

1,530

1,531

1,537

1,464

1,614

1,888

1,814

1,731

1,548

1,410

1,265

1,143

1,141

Advances to suppliers - energy

-

-

-

-

-

-

-

-

-

-

-

0

0

490

-

408

Unrealized gains on derivative instruments

-

-

45

15

-

29

60

56

190

468

301

1,066

638

737

865

93

Deposit on incentive / reinvestment

-

-

160

149

207

376

229

291

346

332

144

-

-

-

-

-

Account receivable of sale of aluminum

-

-

-

-

-

-

-

-

347

400

-

-

-

-

-

-

Total assets

99,184

99,014

131,478

136,454

129,556

134,432

128,728

128,998

143,213

134,195

129,139

125,295

110,803

104,340

102,279

79,992

Liabilities
Current liabilities
Suppliers and contractors

4,041

3,630

4,529

4,556

4,481

4,646

4,814

4,777

4,652

4,137

3,558

3,789

2,950

2,432

2,309

2,261

Loans and borrowings

1,703

1,660

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financial liabilities

374

767

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes payable

697

657

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for income taxes

355

171

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities related to associates and joint ventures

326

292

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provisions

1,394

952

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends and interest on capital

1,441

816

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Others

1,604

1,197

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

11,935

10,142

12,585

10,345

9,220

10,892

11,043

11,974

15,607

12,657

17,912

15,017

12,213

10,090

9,181

7,237

Liabilities associated with non-current assets held for sale

1,179

1,090

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

13,114

11,232

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current liabilities
Loans and borrowings

20,786

27,662

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financial liabilities

2,894

2,087

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes payable

4,890

4,961

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

1,719

1,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provisions

7,027

5,748

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities related to associates and joint ventures

670

785

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue - Gold stream

1,849

2,090

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Others

1,463

1,725

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total non current liabilities

41,298

46,758

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

54,412

57,990

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders' equity
Equity attributable to Vale's stockholders

43,458

39,042

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity attributable to noncontrolling interests

1,314

1,982

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders' equity

44,772

41,024

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders' equity

99,184

99,014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payroll and related charges

-

-

1,481

1,062

994

754

1,307

1,088

1,018

779

1,134

910

708

564

864

591

Minimum annual remuneration attributed to stockholders

-

-

-

-

-

1,190

1,181

1,779

2,111

3,964

4,842

-

-

-

1,464

-

Current portion of long-term debt

-

-

3,468

1,532

1,503

1,850

1,495

1,567

1,918

1,558

2,823

3,629

3,958

4,092

2,933

633

Short-term debt

-

-

0

505

503

500

22

59

100

149

139

96

88

30

30

0

Loans from related parties

-

-

207

197

19

20

24

14

-

10

21

27

25

27

19

77

Provision for income taxes

-

-

641

544

141

269

507

1,085

4,238

685

751

691

144

134

173

502

Taxes payable and royalties

-

-

324

662

282

345

524

189

107

267

264

285

124

90

124

55

Employee postretirement benefits

-

-

205

112

110

159

147

208

235

216

168

229

198

183

144

102

Railway sub-concession agreement payable

-

-

65

65

64

71

66

-

-

-

76

325

391

292

285

400

Unrealized losses on derivative instruments

-

-

347

119

142

28

73

6

50

6

35

65

48

95

129

0

Provisions for asset retirement obligations

-

-

70

64

41

69

73

54

56

71

75

79

80

79

89

48

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

420

421

1,431

-

2,068

Liabilities associated with assets held for sale

-

-

181

39

32

-

-

30

85

75

3,152

2,979

2,532

-

0

-

Others

-

-

1,067

888

908

991

810

1,118

1,037

740

874

1,493

546

641

618

500

Employee postretirement benefits

-

-

3,256

2,438

2,446

2,399

2,446

2,126

2,207

2,466

2,442

2,028

2,032

1,940

1,970

1,485

Loans from related parties

-

-

72

83

81

80

91

-

-

-

2

-

-

-

-

-

Long-term debt

-

-

26,799

26,894

23,432

22,501

21,538

21,355

22,435

22,027

21,591

20,743

19,125

19,420

19,898

17,535

Provisions for contingencies (Note 21 (b))

-

-

2,065

2,292

1,748

1,809

1,686

1,909

2,169

2,102

2,043

2,028

1,967

1,823

1,763

1,685

Unrealized losses on derivative instruments

-

-

783

968

908

554

663

547

11

61

61

41

148

242

9

634

Deferred income tax

-

-

3,538

3,953

4,271

5,741

5,654

5,991

7,069

9,203

8,085

8,485

7,180

5,813

5,755

4,005

Provisions for asset retirement obligations

-

-

2,333

1,803

1,773

1,793

1,697

1,219

1,354

1,297

1,293

1,151

1,082

1,050

1,027

839

Stockholders' debentures

-

-

1,653

1,717

1,410

1,460

1,336

1,276

1,418

1,387

1,284

987

782

822

752

379

Others

-

-

2,031

1,877

1,948

2,459

2,460

2,161

2,444

2,433

1,985

2,002

1,854

1,398

1,427

1,146

Total non-current liabilities

-

-

42,530

42,025

38,017

38,796

37,571

36,584

39,107

40,976

38,786

37,465

34,170

32,508

32,601

27,708

Redeemable noncontrolling interest

-

-

487

367

412

454

505

556

578

648

712

666

724

734

731

599

Commitments and contingencies (Note 21)

-

-

0

0

0

0

0

0

-

-

0

-

-

-

-

-

Preferred class A stock - 7,200,000,000 no-par-value shares authorized and 2,108,579,618 (2011 - 2,108,579,618) issued

-

-

16,728

16,728

16,728

16,728

16,728

16,728

16,728

10,370

10,370

10,370

10,370

9,727

9,727

9,727

Common stock - 3,600,000,000 no-par-value shares authorized and 3,256,724,482 (2011 - 3,256,724,482) issued

-

-

25,837

25,837

25,837

25,837

25,837

25,837

25,837

16,016

16,016

16,016

16,016

15,262

15,262

15,262

Treasury stock - 140,857,692 (2011 - 181,099,814) preferred and 71,071,482 (2011 - 86,911,207) common shares

-

-

4,477

4,477

4,477

5,662

5,662

4,661

2,660

2,660

2,660

1,528

660

1,150

1,150

1,141

Additional paid-in capital

-

-

-529

-367

-369

-71

-61

318

318

2,188

2,188

2,188

1,790

411

411

393

Mandatorily convertible notes - common shares

-

-

-

-

-

290

290

290

290

290

290

290

290

1,578

1,578

1,288

Mandatorily convertible notes - preferred shares

-

-

-

-

-

644

644

644

644

644

644

644

644

1,225

1,225

581

Other cumulative comprehensive deficit

-

-

-9,613

-7,513

-7,698

-4,745

-5,673

-5,088

2,566

978

-333

-1

-3,559

-2,081

-1,808

-11,510

Undistributed retained earnings

-

-

38,997

38,588

39,300

42,007

41,130

25,685

30,082

43,189

42,218

27,730

26,086

27,875

28,508

18,340

Unappropriated retained earnings

-

-

7,298

13,354

10,973

7,416

4,482

17,487

11,211

5,995

166

13,612

9,234

5,377

3,182

9,616

Total Company stockholders' equity

-

-

74,241

82,150

80,294

82,444

77,715

77,240

85,016

77,010

68,899

69,321

60,211

58,224

56,935

42,556

Noncontrolling interests

-

-

1,635

1,567

1,613

1,846

1,894

2,644

2,905

2,904

2,830

2,826

3,485

2,784

2,831

1,892

Total stockholders' equity

-

-

75,876

83,717

81,907

84,290

79,609

79,884

87,921

79,914

71,729

72,147

63,696

61,008

59,766

44,448

Total

-

-

131,478

136,454

129,556

134,432

128,728

128,998

143,213

134,195

129,139

125,295

110,803

104,340

102,279

79,992