Vale s.a. (VALE)
Income statement / Quarterly
Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
Continuing operations
Net operating revenue

14,022

10,725

11,893

11,054

14,427

16,361

14,989

13,213

14,929

14,102

9,658

6,604

6,333

6,706

4,948

5,324

Cost of goods sold and services rendered

-

-

-

-

-

-

-

-

-

-

-

-

-190

73

157

-

Operating expenses
Sales of ores and metals

12,532

9,104

10,452

9,642

13,015

14,783

13,659

11,743

13,021

12,350

8,402

5,693

5,257

5,706

4,035

4,569

Aluminum products

-

-

-

-

0

0

0

383

691

609

655

599

611

529

468

442

Revenues from logistic services

384

449

408

403

420

502

476

328

334

408

409

314

307

317

281

199

Fertilizer products

929

1,095

923

830

856

1,037

867

787

768

802

210

65

109

118

121

-

Others

456

315

367

464

464

419

343

307

393

327

254

177

257

223

179

211

Revenues before taxes

14,301

10,963

12,150

11,339

14,755

16,741

15,345

13,548

15,207

14,496

9,930

6,848

6,541

6,893

5,084

5,421

Taxes on revenues

279

238

257

285

328

380

356

335

278

394

272

244

208

187

136

97

Cost of ores and metals sold

7,190

4,567

4,568

4,256

4,699

4,737

4,361

4,101

4,258

3,503

2,965

2,600

2,816

2,614

2,254

2,169

Cost of ores and metals sold

-

-

-

-

-

-

-

-

-

-

-

-

2,839

-

-

-

Cost of aluminum products

-

-

-

-

0

0

0

289

565

491

545

507

571

535

529

452

Cost of logistic services

377

338

331

353

346

391

376

289

285

263

262

230

235

201

178

165

Cost of fertilizer products

726

858

734

666

592

788

676

645

674

669

175

38

60

49

41

-

Others

465

365

382

415

388

335

308

252

258

187

175

164

290

192

133

114

Total costs

8,758

6,128

6,015

5,690

6,025

6,251

5,721

5,576

6,040

5,113

4,122

3,539

3,995

3,591

3,135

2,900

Selling and administrative expenses

577

519

615

529

827

654

434

419

647

418

343

293

378

289

230

233

Research and evaluation expenses

460

360

359

299

529

440

363

342

301

216

189

172

296

231

265

189

Discontinued operations
Gain (loss) on sale of assets

-

-

-377

-

0

0

0

1,513

-

-

-

-

-

-

-

-

Others

1,287

1,071

604

686

1,023

643

724

420

774

519

374

538

561

302

342

317

Total costs and expenses

15,219

8,078

7,970

7,204

8,404

7,988

7,242

5,244

7,762

6,266

5,028

4,542

5,230

4,413

3,972

3,639

Operating income

-1,197

2,647

3,923

3,850

6,023

8,373

7,747

7,969

7,167

7,836

4,630

2,062

1,103

2,293

976

1,685

Financial income

74

88

120

119

139

188

226

165

117

56

69

48

65

98

93

125

Financial expenses

560

682

559

613

547

822

514

582

926

741

514

465

548

430

293

287

Gains (losses) on derivatives, net

12

-12

-416

296

46

-568

358

239

473

500

-112

-230

296

341

873

18

Foreign exchange gains (losses), net

-190

-214

-1,748

237

-108

-2,043

501

80

51

257

66

-30

17

119

523

16

Indexation gains (losses), net

16

-14

55

190

-

-148

77

-

-

-

-

-

-

-

-

-

Total non-operating income (expenses)

-648

-834

-2,548

229

-470

-3,393

648

-98

-285

72

-491

-677

-360

201

1,353

-128

Income before discontinued operations, income taxes and equity results

-1,845

1,813

1,375

4,079

5,553

4,980

8,395

7,871

6,882

7,908

4,139

1,385

743

2,494

2,329

1,557

Current

614

1,077

25

813

1,038

1,197

1,719

1,593

1,549

2,589

609

249

-583

696

1,494

477

In the year

7

-697

151

-260

109

-846

688

-216

-412

-443

52

-488

-173

230

130

-171

Reversal of liabilities (Note 5b.)

-

-

-1,236

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes per consolidated statements of income

-706

380

-1,060

553

1,147

351

2,407

1,377

1,137

2,146

661

-239

-756

926

1,624

306

Equity in results of affiliates, joint ventures and other investments

85

154

158

243

167

282

406

280

303

305

283

96

71

155

135

72

Net income (loss) from continuing operations

-

-

-

-

-

-

-

-

6,048

6,067

3,761

1,720

1,570

1,723

840

1,323

Discontinued operations, net of tax

-

-

-

-

-

-

-

-

0

8

-6

-145

-

-

-

-

Net income (loss)

-2,695

1,587

2,593

3,769

4,573

4,911

6,394

6,774

6,048

6,075

3,755

1,575

1,570

1,723

840

1,323

Basic and diluted earnings (loss) per share
Net income (loss) attributable to noncontrolling interests

-48

-82

-69

-58

-99

-24

-58

-52

131

37

50

-29

51

46

50

40

Net income attributable to the Company's stockholders

-2,647

1,669

2,662

3,827

4,672

4,935

6,452

6,826

5,917

6,038

3,705

1,604

1,519

1,677

790

1,363

Earnings per preferred share (in dollars per share)

-0.50

0.32

0.51

0.74

0.89

0.93

1.21

1.29

1.12

1.13

0.69

0.29

0.28

0.31

0.14

0.25

Earnings per common share (in dollars per share)

-0.50

0.32

0.51

0.74

0.89

0.93

1.21

1.29

1.12

1.13

0.69

0.29

0.28

0.31

0.14

0.25

Earnings per convertible note linked to preferred share (in dollars per share)

-

-

-

0.97

1.21

1.78

1.71

1.67

1.61

1.35

1.10

0.54

0.52

0.50

0.63

0.53

Earnings per convertible note linked to common share (in dollars per share)

-

-

-

1.03

2.82

1.79

1.79

1.74

1.68

1.36

1.95

0.60

0.59

0.59

0.69

0.57