|
|
|
Business Segments |
|
||||||||||
|
|
|
2017 |
|
||||||||||
|
|
|
Brazil Operation |
|
North America |
|
South America |
|
Special Steels |
|
Eliminations and |
|
Consolidated |
|
|
Net sales |
|
12,562,727 |
|
15,433,380 |
|
4,025,736 |
|
6,228,543 |
|
(1,332,767 |
) |
36,917,619 |
|
|
Cost of sales |
|
(10,996,383 |
) |
(14,823,590 |
) |
(3,523,394 |
) |
(5,301,172 |
) |
1,331,544 |
|
(33,312,995 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
1,566,344 |
|
609,790 |
|
502,342 |
|
927,371 |
|
(1,223 |
) |
3,604,624 |
|
|
Selling, general and administrative expenses |
|
(539,613 |
) |
(569,696 |
) |
(202,862 |
) |
(166,656 |
) |
(176,081 |
) |
(1,654,908 |
) |
|
Other operating income (expenses) |
|
(11,513 |
) |
29,113 |
|
11,260 |
|
14,989 |
|
47,882 |
|
91,731 |
|
|
Impairment of assets |
|
(45,279 |
) |
(1,069,528 |
) |
— |
|
— |
|
— |
|
(1,114,807 |
) |
|
Gains and losses on assets held for sale and sales of interest in subsidiaries and associate company |
|
— |
|
— |
|
— |
|
— |
|
(721,682 |
) |
(721,682 |
) |
|
Reversal of contingent liabilities, net |
|
— |
|
— |
|
— |
|
— |
|
929,711 |
|
929,711 |
|
|
Equity in earnings of unconsolidated companies |
|
— |
|
(111,581 |
) |
41,554 |
|
15,460 |
|
19,970 |
|
(34,597 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operational (Loss) income before financial income (expenses) and taxes |
|
969,939 |
|
(1,111,902 |
) |
352,294 |
|
791,164 |
|
98,577 |
|
1,100,072 |
|
|
Financial result, net |
|
(564,397 |
) |
(46,184 |
) |
(74,301 |
) |
(122,837 |
) |
(335,629 |
) |
(1,143,348 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) before taxes |
|
405,542 |
|
(1,158,086 |
) |
277,993 |
|
668,327 |
|
(237,052 |
) |
(43,276 |
) |
|
Income and social contribution taxes |
|
(103,263 |
) |
201,807 |
|
(123,552 |
) |
(192,902 |
) |
(77,481 |
) |
(295,391 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (Loss) |
|
302,279 |
|
(956,279 |
) |
154,441 |
|
475,425 |
|
(314,533 |
) |
(338,667 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental information: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales between segments |
|
1,216,526 |
|
59,478 |
|
6,490 |
|
50,273 |
|
— |
|
1,332,767 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation/amortization |
|
909,333 |
|
684,121 |
|
155,038 |
|
344,059 |
|
— |
|
2,092,551 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in associates and jointly-controlled entities |
|
— |
|
346,080 |
|
584,898 |
|
199,647 |
|
149,674 |
|
1,280,299 |
|
|
Total assets |
|
17,051,262 |
|
14,872,755 |
|
5,208,265 |
|
8,834,041 |
|
4,335,438 |
|
50,301,761 |
|
|
Total liabilities |
|
9,592,948 |
|
3,315,546 |
|
1,711,963 |
|
2,753,091 |
|
9,034,272 |
|
26,407,820 |
|
|
|
|
Business Segments |
|
||||||||||
|
|
|
2016 |
|
||||||||||
|
|
|
Brazil Operation |
|
North America |
|
South America |
|
Special Steels |
|
Eliminations and |
|
Consolidated |
|
|
Net sales |
|
11,634,862 |
|
15,430,814 |
|
4,775,598 |
|
6,884,733 |
|
(1,074,340 |
) |
37,651,667 |
|
|
Cost of sales |
|
(10,405,078 |
) |
(14,514,789 |
) |
(4,103,231 |
) |
(6,238,749 |
) |
1,073,906 |
|
(34,187,941 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
1,229,784 |
|
916,025 |
|
672,367 |
|
645,984 |
|
(434 |
) |
3,463,726 |
|
|
Selling, general and administrative expenses |
|
(678,369 |
) |
(778,218 |
) |
(253,177 |
) |
(284,962 |
) |
(244,302 |
) |
(2,239,028 |
) |
|
Other operating income (expenses) |
|
2,111 |
|
26,223 |
|
41,396 |
|
14,166 |
|
43,951 |
|
127,847 |
|
|
Impairment of assets |
|
— |
|
(2,779,146 |
) |
(138,765 |
) |
— |
|
— |
|
(2,917,911 |
) |
|
Gains and losses on assets held for sale and sales of interest in subsidiaries and associate company |
|
— |
|
— |
|
— |
|
— |
|
(58,223 |
) |
(58,223 |
) |
|
Equity in earnings of unconsolidated companies |
|
— |
|
(46,917 |
) |
16,366 |
|
— |
|
17,780 |
|
(12,771 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operational (Loss) income before financial income (expenses) and taxes |
|
553,526 |
|
(2,662,033 |
) |
338,187 |
|
375,188 |
|
(241,228 |
) |
(1,636,360 |
) |
|
Financial result, net |
|
(603,373 |
) |
(63,654 |
) |
(96,822 |
) |
(148,313 |
) |
(33,093 |
) |
(945,255 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) before taxes |
|
(49,847 |
) |
(2,725,687 |
) |
241,365 |
|
226,875 |
|
(274,321 |
) |
(2,581,615 |
) |
|
Income and social contribution taxes |
|
13,140 |
|
133,818 |
|
(107,124 |
) |
(64,348 |
) |
(279,800 |
) |
(304,314 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (Loss) |
|
(36,707 |
) |
(2,591,869 |
) |
134,241 |
|
162,527 |
|
(554,121 |
) |
(2,885,929 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental information: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales between segments |
|
885,050 |
|
90,267 |
|
6,386 |
|
92,637 |
|
— |
|
1,074,340 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation/amortization |
|
952,848 |
|
874,299 |
|
182,672 |
|
526,136 |
|
— |
|
2,535,955 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in associates and jointly-controlled entities |
|
— |
|
303,526 |
|
404,522 |
|
— |
|
90,796 |
|
798,844 |
|
|
Total assets |
|
18,672,770 |
|
16,459,784 |
|
5,582,926 |
|
11,970,202 |
|
1,949,459 |
|
54,635,141 |
|
|
Total liabilities |
|
10,761,705 |
|
3,407,444 |
|
1,651,590 |
|
6,519,255 |
|
8,020,494 |
|
30,360,488 |
|
|
|
|
Business Segments |
|
||||||||||
|
|
|
2015 |
|
||||||||||
|
|
|
Brazil Operation |
|
North America |
|
South America |
|
Special Steels |
|
Eliminations and |
|
Consolidated |
|
|
Net sales |
|
12,977,327 |
|
17,312,166 |
|
5,477,228 |
|
8,882,071 |
|
(1,067,551 |
) |
43,581,241 |
|
|
Cost of sales |
|
(11,433,115 |
) |
(15,800,270 |
) |
(4,800,063 |
) |
(8,333,189 |
) |
1,076,111 |
|
(39,290,526 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
1,544,212 |
|
1,511,896 |
|
677,165 |
|
548,882 |
|
8,560 |
|
4,290,715 |
|
|
Selling, general and administrative expenses |
|
(821,152 |
) |
(814,393 |
) |
(313,521 |
) |
(371,481 |
) |
(261,938 |
) |
(2,582,485 |
) |
|
Other operating income (expenses) |
|
3,638 |
|
18,379 |
|
2,985 |
|
21,791 |
|
50,207 |
|
97,000 |
|
|
Impairment of assets |
|
(834,665 |
) |
(1,882,239 |
) |
(354,468 |
) |
(1,924,868 |
) |
— |
|
(4,996,240 |
) |
|
Equity in earnings of unconsolidated companies |
|
— |
|
(72,774 |
) |
36,550 |
|
— |
|
11,722 |
|
(24,502 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operational (Loss) income before financial income (expenses) and taxes |
|
(107,967 |
) |
(1,239,131 |
) |
48,711 |
|
(1,725,676 |
) |
(191,449 |
) |
(3,215,512 |
) |
|
Financial result, net |
|
(624,526 |
) |
(234,183 |
) |
(98,557 |
) |
(288,021 |
) |
(1,633,609 |
) |
(2,878,896 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) before taxes |
|
(732,493 |
) |
(1,473,314 |
) |
(49,846 |
) |
(2,013,697 |
) |
(1,825,058 |
) |
(6,094,408 |
) |
|
Income and social contribution taxes |
|
60,804 |
|
5,196 |
|
(104,308 |
) |
(283,633 |
) |
1,820,363 |
|
1,498,422 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (Loss) |
|
(671,689 |
) |
(1,468,118 |
) |
(154,154 |
) |
(2,297,330 |
) |
(4,695 |
) |
(4,595,986 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental information: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales between segments |
|
817,494 |
|
121,292 |
|
685 |
|
128,080 |
|
— |
|
1,067,551 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation/amortization |
|
928,861 |
|
836,660 |
|
192,014 |
|
650,374 |
|
— |
|
2,607,909 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in associates and jointly-controlled entities |
|
— |
|
725,356 |
|
575,845 |
|
2,082 |
|
89,599 |
|
1,392,882 |
|
|
Total assets |
|
20,791,119 |
|
27,324,285 |
|
7,046,438 |
|
17,077,208 |
|
(2,144,341 |
) |
70,094,709 |
|
|
Total liabilities |
|
12,831,815 |
|
7,214,899 |
|
2,451,835 |
|
9,369,552 |
|
6,256,225 |
|
38,124,326 |
|