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Consolidated Income Statement
R$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
USD ($)
$ / shares
Dec. 31, 2018
USD ($)
$ / shares
Dec. 31, 2017
USD ($)
$ / shares
Continuing operations      
Net operating revenue $ 37,570 $ 36,575 $ 33,967
Cost of goods sold and services rendered (21,187) (22,109) (21,039)
Gross profit 16,383 14,466 12,928
Operating expenses      
Selling and administrative expenses (487) (523) (531)
Research and evaluation expenses (443) (373) (340)
Pre-operating and operational stoppage (1,153) (271) (413)
Brumadinho event (7,402)    
Other operating expenses, net (505) (445) (420)
Total (9,990) (1,612) (1,704)
Impairment and disposal of non-current assets (5,074) (899) (294)
Operating income 1,319 11,955 10,930
Financial income 527 423 478
Financial expenses (3,806) (2,345) (3,273)
Other financial items, net (134) (3,035) (224)
Equity results and other results in associates and joint ventures (681) (182) (82)
Income (loss) before income taxes (2,775) 6,816 7,829
Income taxes      
Current tax (1,522) (752) (849)
Deferred tax 2,117 924 (646)
Total 595 172 (1,495)
Net income (loss) from continuing operations (2,180) 6,988 6,334
Net income (loss) attributable to noncontrolling interests (497) 36 21
Net income (loss) from continuing operations attributable to Vale's stockholders (1,683) 6,952 6,313
Discontinued operations      
Loss from discontinued operations   (92) (813)
Loss attributable to noncontrolling interests     (7)
Loss from discontinued operations attributable to Vale's stockholders   (92) (806)
Net income (loss) (2,180) 6,896 5,521
Net income (loss) attributable to noncontrolling interests (497) 36 14
Net income (loss) attributable to Vale's stockholders $ (1,683) $ 6,860 $ 5,507
Common share      
Basic and diluted earnings (loss) per share:      
Common share (US$) | $ / shares $ (0.33) $ 1.32 $ 1.05