|
|
|
Year ended December 31 |
|
||||
|
|
|
2017 |
|
2016 |
|
2015 |
|
|
Discontinued operations |
|
|
|
|
|
|
|
|
Net operating revenue |
|
1,746 |
|
1,875 |
|
2,225 |
|
|
Cost of goods sold and services rendered |
|
(1,605 |
) |
(1,887 |
) |
(1,762 |
) |
|
Operating expenses |
|
(141 |
) |
(130 |
) |
(206 |
) |
|
Impairment of non-current assets |
|
(885 |
) |
(1,738 |
) |
(157 |
) |
|
|
|
|
|
|
|
|
|
|
Operating income (loss) |
|
(885 |
) |
(1,880 |
) |
100 |
|
|
Financial Results, net |
|
(28 |
) |
20 |
|
(147 |
) |
|
Equity results in associates and joint ventures |
|
(2 |
) |
3 |
|
6 |
|
|
|
|
|
|
|
|
|
|
|
Loss before income taxes |
|
(915 |
) |
(1,857 |
) |
(41 |
) |
|
Income taxes |
|
102 |
|
630 |
|
(149 |
) |
|
|
|
|
|
|
|
|
|
|
Loss from discontinued operations |
|
(813 |
) |
(1,227 |
) |
(190 |
) |
|
Net income (loss) attributable to noncontrolling interests |
|
(7 |
) |
2 |
|
10 |
|
|
|
|
|
|
|
|
|
|
|
Loss attributable to Vale’s stockholders |
|
(806 |
) |
(1,229 |
) |
(200 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31 |
|
||||
|
|
|
2017 |
|
2016 |
|
2015 |
|
|
Discontinued operations |
|
|
|
|
|
|
|
|
Cash flow from operating activities |
|
|
|
|
|
|
|
|
Loss before income taxes |
|
(915 |
) |
(1,857 |
) |
(41 |
) |
|
Adjustments: |
|
|
|
|
|
|
|
|
Equity results in associates and joint ventures |
|
2 |
|
(3 |
) |
(6 |
) |
|
Depreciation, amortization and depletion |
|
1 |
|
347 |
|
310 |
|
|
Impairment of non-current assets |
|
885 |
|
1,738 |
|
157 |
|
|
Others |
|
— |
|
(20 |
) |
148 |
|
|
Increase (decrease) in assets and liabilities |
|
114 |
|
(25 |
) |
(9 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
|
87 |
|
180 |
|
559 |
|
|
|
|
|
|
|
|
|
|
|
Cash flow from investing activities |
|
|
|
|
|
|
|
|
Additions to property, plant and equipment |
|
(305 |
) |
(292 |
) |
(257 |
) |
|
Others |
|
— |
|
11 |
|
(89 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash used in investing activities |
|
(305 |
) |
(281 |
) |
(346 |
) |
|
|
|
|
|
|
|
|
|
|
Cash flow from financing activities |
|
|
|
|
|
|
|
|
Loans and borrowings |
|
|
|
|
|
|
|
|
Repayments |
|
(34 |
) |
(17 |
) |
(73 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash used in financing activities |
|
(34 |
) |
(17 |
) |
(73 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) in discontinued operations |
|
(252 |
) |
(118 |
) |
140 |
|
|
|
|
|
|
|
|
|
|