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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›VALE›Financials
Annual statements · SEC XBRL · FY2007 – FY2012

Vale S.A. (VALE) financials

Income statement

Vale S.A. (VALE) income statement, annual, from SEC filings
Fiscal yearFY2007FY2008FY2009FY2010FY2011FY2012
Revenue$33.1B$38.5B$23.9B$48.2B$62.3B$48.8B
Revenue growth—16.3%-37.8%101.4%29.3%-21.8%
Operating income$13.2B$14.7B$6.06B$21.7B$30.1B$9.22B
Operating margin39.8%38.3%25.3%45.0%48.3%18.9%
Net income$11.8B$13.2B$5.35B$17.3B$22.9B$5.51B
Net margin35.7%34.3%22.3%35.8%36.7%11.3%

Cash flow

Vale S.A. (VALE) cash flow, annual, from SEC filings
Fiscal yearFY2007FY2008FY2009FY2010FY2011FY2012
Operating cash flow$11.0B$17.1B$7.14B$19.2B$24.5B$16.6B
Capital expenditures$6.65B$8.97B$8.10B$12.6B$16.1B$15.8B
Free cash flow$4.36B$8.14B-$960M$6.54B$8.42B$818M

Balance sheet

Vale S.A. (VALE) balance sheet, annual, from SEC filings
Fiscal yearFY2007FY2008FY2009FY2010FY2011FY2012
Cash & equivalents$1.05B$10.3B$7.29B$7.58B$3.53B$5.83B
Total assets—$80.0B$102B$129B$129B$131B
Long-term debt—$17.5B$19.9B$24.4B$23.0B$30.3B
Shareholders' equity$35.5B$42.6B$56.9B$68.9B$77.7B$74.2B
Shares (wtd avg diluted)—5.06M5.21B5.25B5.18B—

Every figure is extracted from Vale S.A.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Vale S.A.'s annual revenue?
Vale S.A. (VALE) reported $48.8B of revenue for fiscal year 2012 — down 21.8% from $62.3B in FY2011, per its annual report filed with the SEC.
Is Vale S.A. profitable?
Yes — VALE earned $5.51B of net income in FY2012, a 11.3% net margin, per SEC filings.
What is Vale S.A.'s free cash flow?
$818M in FY2012 (operating cash flow $16.6B minus $15.8B of capital expenditures), from the SEC cash-flow statement.
Does VALE pay a dividend?
Vale S.A. reported no cash dividends paid in FY2012, per its SEC cash-flow statement.
Full VALE analysis — verdict, score & filings →Is VALE a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.