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v3.24.1

Consolidated Income Statements - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Disclosure of analysis of other comprehensive income by item [line items] |  |  |
Net sales | $ 17,610,092 | $ 16,414,466 | $ 16,090,744
Cost of sales | (14,050,737) | (12,487,282) | (9,895,070)
Gross profit | 3,559,355 | 3,927,184 | 6,195,674
Selling, general and administrative expenses | (1,471,678) | (1,143,646) | (950,124)
Other operating (expense) income, net | 110,337 | (84,019) | 25,586
Operating income | 2,198,014 | 2,699,519 | 5,271,136
Finance expense | (125,376) | (46,737) | (26,997)
Finance income | 255,009 | 75,145 | 62,912
Other financial (expenses) income, net | (6,179) | (98,541) | 56,547
Equity in earnings of non-consolidated companies | 105,305 | 37,114 | 400,732
Profit before income tax expense | 1,320,782 | 2,666,500 | 5,764,330
Income tax expense | (334,408) | (573,728) | (1,397,139)
Profit for the year | 986,374 | 2,092,772 | 4,367,191
Attributable to: |  |  |
Owners of the parent | 676,043 | 1,767,516 | 3,825,068
Non-controlling interest | $ 310,331 | $ 325,256 | $ 542,123
Weighted average number of shares outstanding (in shares) | 1,963,076,776 | 1,963,076,776 | 1,963,076,776
Basic earnings per share for profit attributable to the owners of the parent (expressed in $ per share) | $ 0.34 | $ 0.90 | $ 1.95
Diluted earnings per share for profit attributable to the owners of the parent (expressed in $ per share) | $ 0.34 | $ 0.90 | $ 1.95
Usiminas |  |  |
Disclosure of analysis of other comprehensive income by item [line items] |  |  |
Effect related to the increase of the participation in Usiminas | $ (171,045) | $ 0 | $ 0
Recycling of other comprehensive income related to Usiminas | $ (934,946) | $ 0 | $ 0

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Data Type: | na
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