XML 88 R63.htm IDEA: XBRL DOCUMENT

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2023

SEGMENT REPORTING

Schedule of company's segment information classified according to the business segments


		Business Segments
		2023
				North America		South America		Special Steel		Eliminations and
		Brazil Operation		Operation		Operation		Operation		Adjustments		Consolidated
Net sales		26,830,683		26,857,690		5,118,150		11,385,130		(1,275,206)		68,916,447
Cost of sales		(24,172,216)		(21,062,243)		(4,014,010)		(9,687,587)		1,352,064		(57,583,992)
Gross profit		2,658,467		5,795,447		1,104,140		1,697,543		76,858		11,332,455
Selling, general and administrative expenses		(868,530)		(629,852)		(137,203)		(281,302)		(290,749)		(2,207,636)
Other operating income (expenses)		(50,664)		(12,863)		34,604		(26,398)		566,351		511,030
Impairment of financial assets		(10,044)		(641)		(1,007)		(990)		1,954		(10,728)
Equity in earnings of unconsolidated companies		—		591,354		230,176		10,582		(4,506)		827,606
Operational income before financial income (expenses) and taxes		1,729,229		5,743,445		1,230,710		1,399,435		349,908		10,452,727
Financial result, net		(531,412)		173,862		(722,790)		(294,454)		268,672		(1,106,122)
Income (Loss) before taxes		1,197,817		5,917,307		507,920		1,104,981		618,580		9,346,605
Income and social contribution taxes		(293,344)		(1,243,406)		(170,516)		(262,627)		160,271		(1,809,622)
Net income (Loss)		904,473		4,673,901		337,404		842,354		778,851		7,536,983

Supplemental information:
Net sales between segments		940,632		152,186		45		134,453		47,890		1,275,206
Depreciation/amortization		1,695,487		620,934		195,030		482,144		53,617		3,047,212

Investments in associates and joint ventures		—		2,766,406		—		268,522		823,521		3,858,449
Total assets		23,788,261		22,589,796		4,428,996		11,885,419		12,192,672		74,885,144
Total liabilities		8,849,071		3,064,061		1,373,802		2,881,499		9,477,848		25,646,281


		Business Segments
		2022
				North America		South America		Special Steel		Eliminations and
		Brazil Operation		Operation		Operation		Operation		Adjustments		Consolidated
Net sales		32,971,136		31,098,937		7,179,691		13,626,418		(2,463,972)		82,412,210
Cost of sales		(27,083,063)		(22,694,132)		(5,532,144)		(11,185,898)		2,834,081		(63,661,156)
Gross profit		5,888,073		8,404,805		1,647,547		2,440,520		370,109		18,751,054
Selling, general and administrative expenses		(819,806)		(628,881)		(154,782)		(266,148)		(318,001)		(2,187,618)
Other operating income (expenses)		31,212		(14,902)		8,291		12,854		(1,184)		36,271
Impairment of financial assets		946		(3,219)		(81)		2,953		(680)		(81)
Equity in earnings of unconsolidated companies		—		884,437		277,108		9,243		(18,961)		1,151,827
Operational income before financial income (expenses) and taxes		5,100,425		8,642,240		1,778,083		2,199,422		31,283		17,751,453
Financial result, net		(669,951)		72,145		(819,625)		(270,552)		(204,443)		(1,892,426)
Income (Loss) before taxes		4,430,474		8,714,385		958,458		1,928,870		(173,160)		15,859,027
Income and social contribution taxes		(1,105,203)		(1,848,548)		(295,603)		(483,480)		(646,641)		(4,379,475)
Net income (Loss)		3,325,271		6,865,837		662,855		1,445,390		(819,801)		11,479,552

Supplemental information:
Net sales between segments		1,023,664		92,927		8,797		136,719		1,201,865		2,463,972
Depreciation/amortization		1,459,472		612,784		232,010		554,707		7,726		2,866,699

Investments in associates and joint ventures		—		2,428,237		1,060,770		256,813		150,698		3,896,518
Total assets		25,664,151		21,767,488		7,488,279		13,193,959		5,684,775		73,798,652
Total liabilities		8,801,615		3,843,178		2,668,313		2,601,359		9,585,994		27,500,459


		Business Segments
		2021
				North America		South America		Special Steel		Eliminations and
		Brazil Operation		Operation		Operation		Operation		Adjustments		Consolidated
Net sales		34,757,720		27,838,000		6,856,766		10,980,191		(2,087,596)		78,345,081
Cost of sales		(22,496,140)		(22,416,578)		(5,332,853)		(9,427,221)		2,145,071		(57,527,721)
Gross profit		12,261,580		5,421,422		1,523,913		1,552,970		57,475		20,817,360
Selling, general and administrative expenses		(781,942)		(639,370)		(157,912)		(233,348)		(293,379)		(2,105,951)
Other operating income (expenses)		137,649		42,141		27,514		71,287		241,140		519,731
Eletrobras compulsory loan recovery		—		—		—		—		1,391,280		1,391,280
Results in operations with subsidiary and joint ventures (note 3.4)		—		—		—		—		(162,913)		(162,913)
Impairment of financial assets		7,823		(7,668)		(1,073)		1,275		—		357
Equity in earnings of unconsolidated companies		—		279,948		268,291		28,831		(13,912)		563,158
Operational income before financial income (expenses) and taxes		11,625,110		5,096,473		1,660,733		1,421,015		1,219,691		21,023,022
Financial result, net		(538,341)		(156,437)		(314,473)		(238,249)		497,046		(750,454)
Income (Loss) before taxes		11,086,769		4,940,036		1,346,260		1,182,766		1,716,737		20,272,568
Income and social contribution taxes		(2,769,495)		(1,092,146)		(377,286)		(287,292)		(187,411)		(4,713,630)
Net income (Loss)		8,317,274		3,847,890		968,974		895,474		1,529,326		15,558,938

Supplemental information:
Net sales between segments		1,186,719		70,904		16,297		74,714		738,962		2,087,596
Depreciation/amortization		1,323,598		627,483		213,001		487,114		7,365		2,658,561

Investments in associates and joint ventures		—		1,871,274		1,071,333		251,668		146,500		3,340,775
Total assets		24,835,717		22,096,314		7,113,706		13,658,147		6,110,729		73,814,613
Total liabilities		8,105,443		4,603,424		2,376,176		2,801,071		13,112,850		30,998,964

Schedule of company's geographic information classified according to the geographical region


								Geographic Area
		Brazil		Latin America ⁽¹⁾		North America ⁽²⁾		Consolidated
		2023		2023		2023		2023
Net sales		27,734,290		8,003,111		33,179,046		68,916,447
Total assets		32,811,578		7,386,237		34,687,329		74,885,144


								Geographic Area
		Brazil		Latin America ⁽¹⁾		North America ⁽²⁾		Consolidated
		2022		2022		2022		2022
Net sales		36,416,581		8,294,142		37,701,487		82,412,210
Total assets		31,628,514		9,895,251		32,274,887		73,798,652


								Geographic Area
		Brazil		Latin America ⁽¹⁾		North America ⁽²⁾		Consolidated
		2021		2021		2021		2021
Net sales		37,733,918		8,567,310		32,043,853		78,345,081
Total assets		31,740,469		8,959,237		33,114,907		73,814,613

(1)	Does not include operations of Brazil

(2)	Does not include operations of Mexico