BR stock · Basic Materials sector · Steel
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Gerdau S.A.

GGBNYSE

6.09

USD
+0.12
(+2.01%)
Market Closed
3.15P/E
8Forward P/E
0.12P/E to S&P500
10.390BMarket CAP
55.44%Div Yield
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Currency:
in millions
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Income Statement
Revenue
1,885
1,833
2,676
2,332
3,265
4,521
6,952
8,883
11,823
15,819
18,104
15,226
18,914
18,999
18,531
16,874
16,006
11,000
11,563
11,145
11,891
9,863
8,434
14,063
COGS
1,220
1,125
1,823
1,650
2,350
3,438
4,839
6,556
8,762
11,886
13,400
12,683
15,589
16,258
16,215
14,701
14,072
9,917
10,499
10,057
10,307
8,818
7,293
10,326
Gross Profit
665
708
853
682
915
1,083
2,113
2,327
3,061
3,933
4,704
2,543
3,326
2,741
2,316
2,173
1,934
1,083
1,064
1,088
1,584
1,046
1,142
3,737
Gross Profit Ratio
35.26%
38.62%
31.88%
29.26%
28.03%
23.96%
30.40%
26.20%
25.89%
24.86%
25.98%
16.70%
17.58%
14.43%
12.50%
12.88%
12.08%
9.85%
9.20%
9.76%
13.32%
10.60%
13.54%
26.57%
Operating Expenses
372
355
466
288
335
387
485
677
1,076
1,398
1,246
1,402
1,130
1,335
1,175
1,030
993
627
648
472
435
244
79
143
R&D Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Selling, G&A Exp.
- -
- -
- -
- -
- -
- -
- -
- -
1,076
- -
1,285
1,344
1,420
1,289
1,206
1,106
1,026
652
688
500
426
356
295
378
General and Admin. Exp.
- -
- -
- -
- -
- -
- -
- -
- -
820
- -
987
984
1,088
965
919
827
766
454
469
341
279
237
196
250
Selling and Marketing Exp.
- -
- -
- -
- -
- -
- -
- -
- -
256
- -
297
360
332
324
287
279
260
198
218
158
147
119
99
128
Other Expenses
372
355
466
288
335
387
485
677
- -
1,398
(39)
58
(291)
46
(31)
(75)
(33)
(24)
(39)
(28)
9
(112)
(215)
(235)
COGS and Expenses
1,592
1,480
2,289
1,938
2,684
3,825
5,324
7,232
9,838
13,284
14,646
14,085
16,719
17,593
17,390
15,731
15,065
10,544
11,147
10,529
10,741
9,062
7,372
10,469
Interest Income
- -
- -
- -
- -
- -
- -
- -
- -
458
- -
209
250
178
245
79
49
49
27
33
43
35
34
17
45
Interest Expense
- -
- -
- -
- -
- -
- -
- -
- -
436
- -
700
738
661
521
396
382
443
371
473
400
303
233
197
257
Depreciation and Amortization
95
110
141
137
179
182
269
301
503
688
819
1,001
1,141
951
892
859
838
658
779
632
487
516
481
477
EBITDA
341
326
375
360
417
657
1,834
1,882
2,889
2,836
3,631
2,398
3,395
2,684
2,014
1,809
1,752
(497)
458
1,012
1,341
1,163
1,347
4,373
EBITDA ratio
18.08%
17.79%
14.01%
15.42%
12.78%
14.53%
26.38%
21.19%
24.43%
17.93%
20.06%
15.75%
17.95%
14.12%
10.87%
10.72%
10.95%
(4.52)%
3.96%
9.08%
11.27%
11.79%
15.96%
31.10%
Operating Income
293
353
387
394
581
696
1,628
1,650
2,093
2,535
3,458
548
2,196
1,511
1,146
1,166
1,091
(812)
(503)
332
1,043
792
1,062
3,594
Operating Income ratio
15.55%
19.25%
14.46%
16.89%
17.79%
15.39%
23.42%
18.58%
17.70%
16.02%
19.10%
3.60%
11.61%
7.95%
6.18%
6.91%
6.81%
(7.38)%
(4.35)%
2.98%
8.77%
8.03%
12.59%
25.55%
Total Other Income Exp.(Gains)
(47)
(137)
(153)
(171)
(342)
(171)
94
109
265
145
(912)
43
(413)
(250)
(385)
(551)
(587)
(727)
(290)
(345)
(487)
(375)
(389)
45
Income Before Tax
246
216
234
223
238
524
1,722
1,759
2,358
2,680
2,546
592
1,783
1,261
761
615
503
(1,538)
(793)
(13)
556
417
673
3,639
Income Before Tax ratio
13.06%
11.80%
8.75%
9.57%
7.30%
11.60%
24.77%
19.81%
19.94%
16.94%
14.06%
3.89%
9.43%
6.64%
4.11%
3.64%
3.14%
(13.98)%
(6.86)%
(0.12)%
4.67%
4.22%
7.98%
25.88%
Income Tax Expense (Gain)
52
21
46
55
7
(34)
407
465
438
531
410
15
302
136
31
(102)
(57)
(378)
93
89
(44)
114
213
846
Net Income
194
195
189
168
232
509
1,158
1,116
1,511
1,617
1,702
644
1,291
1,076
696
670
528
(1,149)
(888)
(108)
593
299
455
2,793
Net Income Ratio
10.28%
10.66%
7.04%
7.21%
7.10%
11.26%
16.66%
12.56%
12.78%
10.22%
9.40%
4.23%
6.82%
5.66%
3.75%
3.97%
3.30%
(10.44)%
(7.68)%
(0.97)%
4.99%
3.04%
5.40%
19.86%
EPS
0.15
0.00
0.00
0.00
0.17
0.38
0.87
0.84
1.14
1.22
1.22
0.45
0.90
0.65
0.41
0.39
0.31
(0.69)
(0.52)
(0.06)
0.35
0.18
0.27
1.64
EPS Diluted
0.15
0.00
0.00
0.00
0.17
0.38
0.87
0.84
1.13
1.21
1.22
0.45
0.90
0.65
0.41
0.39
0.31
(0.69)
(0.52)
(0.06)
0.35
0.18
0.27
1.64
Weighted Avg. Shares Outs.
1,328
66,267,043
1,115,033
1,327,853
1,332
1,335
1,328
1,328
1,328
1,325
1,392
1,420
1,425
1,643
1,700
1,704
1,705
1,687
1,709
1,709
1,696
1,699
1,701
1,706
Weighted Avg. Shares Outs. Dil.
1,328
66,267,043
1,115,033
1,327,853
1,332
1,336
1,333
1,335
1,342
1,337
1,392
1,420
1,425
1,645
1,700
1,704
1,705
1,687
1,709
1,709
1,696
1,699
1,701
1,706
Balance Sheet
Cash and Cash Equivalents
11
10
12
28
40
92
249
532
485
1,138
875
1,200
639
792
701
889
1,147
1,426
1,555
771
745
657
889
747
Short-Term Investments
339
375
290
308
368
236
405
1,759
2,230
1,758
1,463
1,503
672
1,664
517
899
1,053
321
315
248
118
909
585
471
Cash & Short-Term Investments
350
385
303
336
408
328
653
2,291
2,714
2,896
2,339
2,703
1,311
2,457
1,218
1,787
2,200
1,746
1,870
1,019
863
1,566
1,474
1,218
Net Receivables
217
354
332
290
362
465
835
778
1,534
1,782
1,591
1,936
1,900
2,371
2,260
2,186
2,104
1,511
1,445
1,114
1,075
911
1,153
1,492
Inventory
292
494
458
446
633
796
1,594
1,660
2,377
3,418
4,492
3,300
4,096
4,325
4,402
3,598
3,336
2,216
1,945
2,023
2,362
1,906
1,765
3,027
Other Current Assets
114
40
74
65
121
167
240
240
447
587
553
188
493
141
127
123
140
124
206
1,273
209
155
114
122
Total Current Assets
973
1,272
1,167
1,137
1,524
1,756
3,323
4,969
7,072
8,682
8,975
8,126
7,800
9,293
8,007
7,694
7,781
5,598
5,465
5,429
4,509
4,537
4,506
5,859
PP&E
1,279
2,012
1,542
1,391
2,085
2,299
2,790
3,513
5,980
8,622
8,664
9,599
9,743
9,281
9,607
9,067
8,326
5,870
5,943
4,964
4,005
4,150
3,478
3,519
Goodwill
- -
- -
- -
- -
- -
- -
- -
148
336
3,536
4,879
4,833
4,915
4,913
4,895
4,806
4,724
3,698
2,908
2,382
2,347
2,356
2,330
2,231
Intangible Assets
- -
- -
- -
- -
114
119
141
- -
- -
609
740
570
709
683
666
634
582
463
405
293
215
168
120
92
Goodwill and Intangible Assets
- -
- -
- -
- -
114
119
141
148
336
4,146
5,619
5,403
5,624
5,596
5,561
5,440
5,306
4,162
3,314
2,676
2,563
2,523
2,450
2,322
Investments
- -
- -
- -
- -
- -
- -
- -
- -
209
- -
810
700
789
738
703
673
525
352
245
387
449
451
437
600
Tax Assets
- -
- -
63
44
98
231
153
181
187
138
988
773
951
831
1,078
870
966
1,087
1,046
922
998
1,013
653
526
Other Non-Current Assets
308
240
460
395
265
355
444
478
679
1,389
454
977
934
1,081
948
898
814
624
765
808
687
762
626
424
Total Non-Current Assets
1,587
2,252
2,065
1,830
2,562
3,004
3,529
4,320
7,391
14,294
16,535
17,451
18,042
17,527
17,898
16,948
15,936
12,094
11,313
9,757
8,701
8,899
7,645
7,391
Other Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Assets
2,559
3,524
3,231
2,967
4,086
4,760
6,852
9,289
14,463
22,977
25,510
25,577
25,842
26,820
25,904
24,642
23,717
17,692
16,778
15,186
13,210
13,436
12,151
13,250
Accounts Payable
92
172
208
138
282
372
628
675
1,111
1,455
1,234
978
1,074
1,724
1,493
1,385
1,218
916
843
960
1,061
936
1,047
1,439
Short-Term Debt
278
717
691
572
1,105
797
673
566
1,063
1,418
1,699
778
1,020
943
1,260
778
767
603
1,369
605
470
439
320
366
Tax Payable
- -
- -
- -
- -
- -
- -
- -
- -
224
- -
223
388
316
318
258
276
299
124
128
107
192
159
271
253
Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Other Current Liabilities
99
165
71
175
201
287
411
438
745
908
729
1,008
931
970
1,064
900
940
466
436
764
660
472
843
714
Total Current Liabilities
469
1,055
970
885
1,588
1,456
1,712
1,679
2,919
3,782
3,661
2,764
3,026
3,637
3,817
3,063
2,924
1,985
2,648
2,329
2,191
1,847
2,210
2,520
Long-Term Debt
603
915
831
729
995
1,285
1,625
2,644
442
7,566
8,338
7,552
7,819
6,400
5,897
6,294
6,577
6,076
4,952
4,379
3,370
3,754
3,221
2,323
Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Deferred Tax Liabilities
69
139
144
152
128
72
59
141
415
853
1,322
1,304
1,368
997
1,404
1,051
948
712
809
275
229
330
238
330
Other Non-Current Liabilities
199
210
178
131
201
283
291
366
5,764
965
1,370
1,332
1,491
1,556
736
680
756
850
915
990
738
744
499
391
Total Non-Current Liabilities
871
1,264
1,154
1,012
1,325
1,640
1,975
3,152
6,622
9,384
11,030
10,189
10,677
8,953
8,037
8,025
8,282
7,638
6,676
5,644
4,338
4,828
3,957
3,045
Other Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Lease Obligations
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
200
165
165
Total Liabilities
1,340
2,319
2,124
1,897
2,913
3,096
3,688
4,831
9,541
13,166
14,691
12,953
13,703
12,590
11,854
11,088
11,206
9,623
9,324
7,973
6,528
6,675
6,167
5,564
Preferred Stock
- -
- -
- -
- -
563
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Common Stock
278
729
279
281
281
980
1,539
2,209
- -
- -
- -
8,138
9,430
- -
9,392
8,148
7,242
4,858
5,911
5,811
4,959
4,789
3,705
3,455
Retained Earnings
445
310
676
766
937
1,159
1,510
1,429
1,457
2,570
2,208
3,325
3,335
3,350
4,479
4,433
4,276
1,744
1,156
1,001
1,238
1,404
1,404
3,202
Other Compreh. Income(Loss)
(851)
(1,015)
(860)
(837)
(918)
(737)
(515)
(212)
74
912
811
(779)
(7,325)
(158)
407
1,096
1,336
2,218
1,225
1,216
1,243
1,288
1,428
1,533
Other Total Stockhold. Equity
1,348
1,181
1,012
861
2
(3)
(12)
112
- -
- -
- -
(66)
6,292
- -
(985)
(835)
(740)
(823)
(913)
(890)
(812)
(775)
(597)
(543)
Total Stockholders Equity
1,219
1,205
1,108
1,070
865
1,400
2,523
3,539
4,922
7,005
8,712
10,618
11,731
13,414
13,293
12,843
12,114
7,997
7,379
7,138
6,628
6,707
5,941
7,647
Total Liab.&Stockhold. Equity
2,559
3,524
3,231
2,967
3,778
4,495
6,210
8,369
14,463
20,171
23,403
23,571
25,434
26,003
25,147
23,931
23,320
17,620
16,703
15,111
13,156
13,382
12,108
13,212
Minority Interest
- -
- -
- -
- -
309
264
642
920
- -
2,806
2,107
2,006
408
817
757
712
396
72
76
75
54
54
43
38
Total Liabilities & Equity
2,559
3,524
3,231
2,967
4,086
4,760
6,852
9,289
14,463
22,977
25,510
25,577
25,842
26,820
25,904
24,642
23,717
17,692
16,778
15,186
13,210
13,436
12,151
13,250
Cash Flow Statement
Net Income
194
195
189
168
232
509
1,158
1,116
1,511
1,617
1,702
644
1,291
1,076
696
670
528
(1,149)
(888)
(108)
593
299
455
2,793
Depreciation and Amortization
95
110
141
137
179
182
269
301
503
688
819
1,001
1,141
951
892
859
838
658
779
632
487
516
481
477
Deferred Income Tax
14
- -
15
29
(21)
(122)
77
118
(3)
111
410
15
302
136
114
(15)
49
(297)
200
56
(58)
23
44
656
Stock Based Compensation
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3
13
11
7
18
16
15
12
14
11
11
11
- -
- -
Change in Working Capital
(13)
(110)
(115)
(52)
(271)
(93)
(521)
(1,382)
(842)
544
(1,637)
2,260
(1,026)
(1,059)
(780)
486
(332)
416
125
(288)
(705)
312
118
(1,223)
Accounts Receivable
- -
- -
- -
- -
- -
- -
- -
- -
(44)
- -
460
832
(398)
(109)
82
(10)
(14)
308
20
(17)
18
163
(102)
(290)
Inventory
(17)
- -
(42)
(58)
(94)
(74)
(533)
0
(179)
(442)
(1,076)
2,161
(699)
(366)
(129)
431
(65)
499
244
(383)
(625)
387
(82)
(1,383)
Accounts Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(957)
(994)
66
602
(255)
(55)
(95)
(194)
34
242
232
(160)
195
455
Other Working Capital
- -
(110)
(22)
- -
- -
(40)
182
(69)
(660)
1,005
35
230
266
(895)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Other Non-Cash Items
(20)
104
(4)
33
231
(8)
163
192
283
358
273
(290)
775
(194)
1,180
(282)
(131)
2,167
849
325
186
(753)
136
(457)
Cash Provided by Operating Activities
269
299
225
314
350
467
1,147
345
1,452
3,319
1,570
3,643
2,494
918
2,119
1,735
967
1,808
1,080
627
515
409
1,234
2,247
CAPEX
(345)
(309)
(265)
(245)
(186)
(297)
(441)
(697)
(1,035)
(1,329)
(1,184)
(790)
(833)
(1,128)
(1,602)
(1,167)
(906)
(619)
(423)
(275)
(325)
(460)
(347)
(573)
Acquisitions Net
- -
- -
- -
15
(392)
(15)
(316)
(70)
(659)
(4,273)
(1,761)
(41)
(171)
(40)
(101)
(78)
- -
(16)
- -
(54)
(97)
(18)
(93)
20
Purchases of Investments
(995)
(338)
(368)
(284)
(848)
(957)
(500)
(141)
(1,529)
(662)
(210)
(1,486)
(827)
(388)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Maturities of Investments
957
- -
405
225
847
1,100
424
141
1,406
784
184
1,637
853
418
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Other Investing Activities
(76)
(1)
(3)
148
6
4
(68)
6
124
(90)
136
78
(45)
(70)
(51)
33
348
(9)
78
156
1,019
(20)
(18)
(15)
Cash Used for Investing Activities
(459)
(648)
(231)
(141)
(573)
(165)
(901)
(760)
(1,694)
(5,570)
(2,834)
(601)
(966)
(1,133)
(1,677)
(1,144)
(504)
(611)
(328)
(162)
614
(473)
(429)
(538)
Debt Repayment
- -
- -
- -
- -
- -
- -
- -
- -
(1,465)
- -
(2,146)
(4,859)
(2,081)
(2,043)
(1,036)
(2,211)
(818)
(1,269)
(1,416)
(2,186)
(1,546)
(1,272)
(1,028)
(968)
Common Stock Issued
- -
3
- -
- -
2
- -
181
221
- -
515
1,246
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Common Stock Repurchased
(0)
- -
- -
- -
- -
(6)
(9)
(7)
(33)
- -
(22)
(7)
(23)
(42)
(22)
- -
- -
(48)
(29)
- -
(63)
- -
- -
- -
Dividends Paid
(45)
(38)
(66)
(71)
(74)
(122)
(276)
(395)
(444)
(538)
(713)
(189)
(614)
(296)
(255)
(181)
(171)
(90)
(26)
(26)
(154)
(120)
(53)
(958)
Other Financing Activities
242
530
73
(84)
355
(121)
26
805
2,118
2,883
2,757
2,225
610
2,770
808
2,051
792
690
754
988
666
1,390
601
134
Cash Used/Provided by Financing Activities
196
495
7
(155)
283
(249)
(77)
624
176
2,860
1,123
(2,830)
(2,108)
390
(506)
(341)
(197)
(717)
(718)
(1,225)
(1,096)
(2)
(480)
(1,792)
Effect of Forex Changes on Cash
(0)
- -
1
(2)
(48)
(2)
(12)
74
20
43
141
(174)
(41)
48
44
30
92
177
(213)
2
54
4
56
1
Net Change In Cash
7
146
3
15
13
52
156
283
(47)
652
0
37
(621)
223
(19)
280
358
656
(180)
(757)
86
(62)
380
(82)
Cash at the End of Period
11
385
12
28
40
92
249
532
485
1,138
875
1,200
639
792
701
889
1,147
1,426
1,555
771
745
657
889
747
Cash at the Beginning of Period
4
239
10
12
28
40
93
249
531
486
875
1,163
1,260
569
720
608
790
770
1,735
1,529
658
719
509
829
Free Cash Flow
(76)
(9)
(39)
69
165
170
706
(352)
417
1,990
386
2,853
1,660
(211)
517
568
61
1,189
657
352
190
(51)
886
1,674
Forex Rate
0.83
0.55
0.51
0.43
0.28
0.35
0.38
0.43
0.47
0.56
0.43
0.57
0.60
0.54
0.49
0.42
0.38
0.25
0.31
0.30
0.26
0.25
0.19
0.18