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26. SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Information Tables Abstract  
Consolidated results

 

 

                                12/31/2018
P&L   Steel   Mining    Logistics       Energy   Cement   Corporate expenses/elimination   Consolidated
      Port   Railroads        
Metric tons (thou.) (*)               5,068,758             34,780,756                     (4,961,345)    
Net revenues                                
Domestic market             10,328,372                  972,360                  266,378               1,506,114          410,606          588,230     (2,718,623)       11,353,437
Foreign market               5,305,771               5,012,421                       1,297,256       11,615,448
Total net revenue (note 22)             15,634,143               5,984,781                  266,378               1,506,114          410,606          588,230     (1,421,367)       22,968,885
Cost of sales and services           (12,613,216)             (3,585,691)                (189,999)             (1,049,071)        (286,734)        (544,266)       2,163,320     (16,105,657)
Gross profit               3,020,927               2,399,090                    76,379                  457,043          123,872            43,964          741,953         6,863,228
General and administrative expenses                (984,980)                (144,754)                  (35,423)                (106,412)          (27,948)          (95,893)     (1,362,301)       (2,757,711)
Depreciation (note 23)                  609,274                  366,547                    20,368                  258,985            17,285          115,411        (212,763)         1,175,107
Proportionate EBITDA of joint ventures                                  568,045            568,045
Adjusted EBITDA               2,645,221               2,620,883                    61,324                  609,616          113,209            63,482        (265,066)         5,848,669
                                 
Sales by geographic area                                
Asia                    40,681               4,422,377                       1,297,256         5,760,314
North America               1,506,041                                 1,506,041
Latin America                  369,830                                    369,830
Europe               3,330,991                  590,044                             3,921,035
Others                    58,228                                      58,228
Foreign market               5,305,771               5,012,421                       1,297,256       11,615,448
Domestic market             10,328,372                  972,360                  266,378               1,506,114          410,606          588,230     (2,718,623)       11,353,437
Total             15,634,143               5,984,781                  266,378               1,506,114          410,606          588,230     (1,421,367)       22,968,885
                                 
                                 
                                12/31/2017
P&L   Steel   Mining    Logistics       Energy   Cement   Corporate expenses/elimination   Consolidated
      Port   Railroads        
Metric tons (thou.) (*)               4,921,719             32,576,843                     (5,359,571)    
Net revenues                                
Domestic market               7,818,552                  829,268                  238,240               1,416,612          407,671          487,129     (2,491,006)         8,706,466
Foreign market               5,140,471               3,791,703                          885,961         9,818,135
Total net revenue (note 22)             12,959,023               4,620,971                  238,240               1,416,612          407,671          487,129     (1,605,045)       18,524,601
Cost of sales and services           (10,537,547)             (3,005,840)                (156,997)             (1,024,696)        (285,085)        (512,762)       1,926,786     (13,596,141)
Gross profit               2,421,476               1,615,131                    81,243                  391,916          122,586          (25,633)          321,741         4,928,460
General and administrative expenses                (963,822)                (158,958)                  (27,943)                  (94,921)          (27,098)          (80,823)        (877,383)       (2,230,948)
Depreciation (note 23)                  658,587                  490,805                    15,752                  294,571            17,265          121,801        (190,016)         1,408,765
Proportionate EBITDA of joint ventures                                  538,170            538,170
Adjusted EBITDA               2,116,241               1,946,978                    69,052                  591,566          112,753            15,345        (207,488)         4,644,447
                                 
Sales by geographic area                                
Asia                    23,364               3,592,226                          885,961         4,501,551
North America               2,009,337                                 2,009,337
Latin America                  506,951                                    506,951
Europe               2,564,823                  197,701                             2,762,524
Others                    35,996                      1,776                                  37,772
Foreign market               5,140,471               3,791,703                          885,961         9,818,135
Domestic market               7,818,552                  829,268                  238,240               1,416,612          407,671          487,129     (2,491,006)         8,706,466
Total             12,959,023               4,620,971                  238,240               1,416,612          407,671          487,129     (1,605,045)       18,524,601
                                 
                                 
                                 
                                12/31/2016
P&L   Steel   Mining    Logistics       Energy   Cement   Corporate expenses/elimination   Consolidated
      Port   Railroads        
Metric tons (Thou) (*)               4,857,174             36,983,297                     (4,062,774)    
Net revenues                                
Domestic market               6,980,087                  542,028                  207,722               1,319,907          269,095          490,608     (2,079,534)         7,729,913
Foreign market               4,535,821               4,039,875                          843,340         9,419,036
Total Net Revenue (note 22)             11,515,908               4,581,903                  207,722               1,319,907          269,095          490,608     (1,236,194)       17,148,949
Cost of sales and services             (9,393,237)             (3,099,236)                (141,542)                (914,361)        (195,994)        (467,373)       1,571,701     (12,640,042)
Gross profit               2,122,671               1,482,667                    66,180                  405,546            73,101            23,235          335,507         4,508,907
General and administrative expenses                (914,927)                (185,149)                  (25,180)                  (83,020)          (25,196)          (74,528)        (907,128)       (2,215,128)
Depreciation (note 23)                  679,074                  461,287                    13,430                  227,792            17,140            73,030        (192,937)         1,278,816
Proportionate EBITDA of joint ventures                                  502,345            502,345
Adjusted EBITDA               1,886,818               1,758,805                    54,430                  550,318            65,045            21,737        (262,213)         4,074,940
                                 
Sales by geographic area                                
Asia                    30,815               3,519,713                          843,340         4,393,868
North America               1,891,865                                 1,891,865
Latin America                  259,640                                    259,640
Europe               2,324,580                  434,378                             2,758,958
Others                    28,921                    85,784                                114,705
Foreign market               4,535,821               4,039,875                          843,340         9,419,036
Domestic market               6,980,087                  542,028                  207,722               1,319,907          269,095          490,608     (2,079,534)         7,729,913
Total             11,515,908               4,581,903                  207,722               1,319,907          269,095          490,608     (1,236,194)       17,148,949

 

(*) The ore sales volumes presented in this note take into consideration Company sales and the interest in its subsidiaries and joint ventures.
EBITDA and Adjusted EBITDA

    12/31/2018     12/31/2017     12/31/2016        
                         
Net income / (loss) for the year   5,200,583     111,229     (853,058)        
Result from discontinued operations               9,561        
Depreciation / amortization / depletion (note 23)   1,175,107     1,408,765     1,278,816        
Income tax and social contribution (note 15)   250,334     409,109     266,546        
Financial income / (expenses) (note 25)   1,495,643     2,463,627     2,522,427        
EBITDA   8,121,667     4,392,730     3,224,292        
Other operating (income) / expenses (note 24)   (2,705,337)     (177,342)     413,221        
Equity in results of affiliated companies   (135,706)     (109,111)     (64,918)        
Proportionate EBITDA of joint ventures   568,045     538,170     502,345        
Adjusted EBITDA (*)   5,848,669     4,644,447     4,074,940