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v3.23.3

Consolidated Statement of Cash Flows - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
Statement of cash flows [abstract] |  |  |  |
Cash flow from operations | $ 3,259 | $ 5,738 | $ 7,539 | $ 11,269
Interest on loans and borrowings paid | (200) | (277) | (369) | (456)
Cash received (paid) on settlement of derivatives, net | 134 | (42) | 172 | (118)
Payments related to Brumadinho event | (497) | (319) | (621) | (383)
Payments related to de-characterization of dams | (95) | (83) | (173) | (152)
Interest on participative shareholders' debentures paid | (127) | (235) | (127) | (235)
Income taxes (including settlement program) paid | (574) | (1,213) | (911) | (3,790)
Net cash generated by operating activities from continuing operations | 1,900 | 3,569 | 5,510 | 6,135
Net cash generated by operating activities from discontinued operations |  |  |  | 41
Net cash generated by operating activities | 1,900 | 3,569 | 5,510 | 6,176
Cash flow from investing activities: |  |  |  |
Capital expenditures | (1,208) | (1,293) | (2,338) | (2,429)
Additions to investments | (1) |  | (8) |
Proceeds (payments) from the sale of investments, net |  |  | (67) | 437
Dividends received from associates and joint ventures | 105 | 71 | 105 | 136
Short-term investment | 67 | 101 | 12 | 103
Other investments activities, net | (30) | 48 | (97) | 48
Net cash used in investing activities from continuing operations | (1,067) | (1,073) | (2,393) | (1,705)
Net cash used in investing activities from discontinued operations |  | (65) |  | (103)
Net cash used in investing activities | (1,067) | (1,138) | (2,393) | (1,808)
Cash flow from financing activities: |  |  |  |
Loans and borrowings from third-parties | 1,500 | 200 | 1,800 | 625
Payments of loans and borrowings from third-parties | (581) | (1,433) | (620) | (1,828)
Payments of leasing | (45) | (57) | (92) | (98)
Dividends and interest on capital paid to Vale’s shareholders |  |  | (1,795) | (3,480)
Dividends and interest on capital paid to noncontrolling interest | (5) | (4) | (8) | (7)
Shares buyback program | (1,361) | (2,596) | (2,124) | (4,384)
Stake acquisition on subsidiaries | (130) |  | (130) |
Net cash used in financing activities from continuing operations | (622) | (3,890) | (2,969) | (9,172)
Net cash used in financing activities from discontinued operations |  |  |  | (11)
Net cash used in financing activities | (622) | (3,890) | (2,969) | (9,183)
Net increase (decrease) in cash and cash equivalents | 211 | (1,459) | 148 | (4,815)
Cash and cash equivalents in the beginning of the period | 4,705 | 9,061 | 4,736 | 11,721
Effect of exchange rate changes on cash and cash equivalents | 67 | (417) | 99 | 290
Cash and cash equivalents from subsidiaries sold, net |  |  |  | (11)
Cash and cash equivalents at end of the period | $ 4,983 | $ 7,185 | $ 4,983 | $ 7,185

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