VALE S.A. VALE Income Statement

Vale s.a. (VALE)

Income statement / TTM

Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Continuing operations
Net operating revenue
47,694	48,099	53,735	56,831	58,990	59,492	57,233	51,902	45,293	36,697	29,301	24,591	23,311	0	0	0
Cost of goods sold and services rendered
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-
Operating expenses
Sales of ores and metals
41,730	42,213	47,892	51,099	53,200	53,206	50,773	45,516	39,466	31,702	25,058	20,691	19,567	0	0	0
Aluminum products
-	-	-	-	383	1,074	1,683	2,338	2,554	2,474	2,394	2,207	2,050	0	0	0
Revenues from logistic services
1,644	1,680	1,733	1,801	1,726	1,640	1,546	1,479	1,465	1,438	1,347	1,219	1,104	0	0	0
Fertilizer products
3,777	3,704	3,646	3,590	3,547	3,459	3,224	2,567	1,845	1,186	502	413	0	0	0	-
Others
1,602	1,610	1,714	1,690	1,533	1,462	1,370	1,281	1,151	1,015	911	836	870	0	0	0
Revenues before taxes
48,753	49,207	54,985	58,180	60,389	60,841	58,596	53,181	46,481	37,815	30,212	25,366	23,939	0	0	0
Taxes on revenues
1,059	1,108	1,250	1,349	1,399	1,349	1,363	1,279	1,188	1,118	911	775	628	0	0	0
Cost of ores and metals sold
20,581	18,090	18,260	18,053	17,898	17,457	16,223	14,827	13,326	11,884	10,995	10,284	9,853	0	0	0
Cost of ores and metals sold
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Cost of aluminum products
-	-	-	-	289	854	1,345	1,890	2,108	2,114	2,158	2,142	2,087	0	0	0
Cost of logistic services
1,399	1,368	1,421	1,466	1,402	1,341	1,213	1,099	1,040	990	928	844	779	0	0	0
Cost of fertilizer products
2,984	2,850	2,780	2,722	2,701	2,783	2,664	2,163	1,556	942	322	188	0	0	0	-
Others
1,627	1,550	1,520	1,446	1,283	1,153	1,005	872	784	816	821	779	729	0	0	0
Total costs
26,591	23,858	23,981	23,687	23,573	23,588	22,450	20,851	18,814	16,769	15,247	14,260	13,621	0	0	0
Selling and administrative expenses
2,240	2,490	2,625	2,444	2,334	2,154	1,918	1,827	1,701	1,432	1,303	1,190	1,130	0	0	0
Research and evaluation expenses
1,478	1,547	1,627	1,631	1,674	1,446	1,222	1,048	878	873	888	964	981	0	0	0
Discontinued operations
Gain (loss) on sale of assets
-	-	0	-	1,513	0	0	0	-	-	-	-	-	-	-	-
Others
3,648	3,384	2,956	3,076	2,810	2,561	2,437	2,087	2,205	1,992	1,775	1,743	1,522	0	0	0
Total costs and expenses
38,471	31,656	31,566	30,838	28,878	28,236	26,514	24,300	23,598	21,066	19,213	18,157	17,254	0	0	0
Operating income
9,223	16,443	22,169	25,993	30,112	31,256	30,719	27,602	21,695	15,631	10,088	6,434	6,057	0	0	0
Financial income
401	466	566	672	718	696	564	407	290	238	280	304	381	0	0	0
Financial expenses
2,414	2,401	2,541	2,496	2,465	2,844	2,763	2,763	2,646	2,268	1,957	1,736	1,558	0	0	0
Gains (losses) on derivatives, net
-120	-86	-642	132	75	502	1,570	1,100	631	454	295	1,280	1,528	0	0	0
Foreign exchange gains (losses), net
-1,915	-1,833	-3,662	-1,413	-1,570	-1,411	889	454	344	310	172	629	675	0	0	0
Indexation gains (losses), net
247	83	174	0	-	0	0	-	-	-	-	-	-	-	-	-
Total non-operating income (expenses)
-3,801	-3,623	-6,182	-2,986	-3,313	-3,128	337	-802	-1,381	-1,456	-1,327	517	1,066	0	0	0
Income before discontinued operations, income taxes and equity results
5,422	12,820	15,987	23,007	26,799	28,128	31,056	26,800	20,314	14,175	8,761	6,951	7,123	0	0	0
Current
2,529	2,953	3,073	4,767	5,547	6,058	7,450	6,340	4,996	2,864	971	1,856	2,084	0	0	0
In the year
-799	-697	-846	-309	-265	-786	-383	-1,019	-1,291	-1,052	-379	-301	16	0	0	0
Reversal of liabilities (Note 5b.)
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes per consolidated statements of income
-833	1,020	991	4,458	5,282	5,272	7,067	5,321	3,705	1,812	592	1,555	2,100	0	0	0
Equity in results of affiliates, joint ventures and other investments
640	722	850	1,098	1,135	1,271	1,294	1,171	987	755	605	457	433	0	0	0
Net income (loss) from continuing operations
-	-	-	-	-	-	-	-	17,596	13,118	8,774	5,853	5,456	0	0	0
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-143	0	0	0	-	-	-	-
Net income (loss)
5,254	12,522	15,846	19,647	22,652	24,127	25,291	22,652	17,453	12,975	8,623	5,708	5,456	0	0	0
Basic and diluted earnings (loss) per share
Net income (loss) attributable to noncontrolling interests
-257	-308	-250	-239	-233	-3	58	166	189	109	118	118	187	0	0	0
Net income attributable to the Company's stockholders
5,511	12,830	16,096	19,886	22,885	24,130	25,233	22,486	17,264	12,866	8,505	5,590	5,349	0	0	0
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