GERDAU S.A.

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15	Dec-14	Dec-13	Dec-12	Dec-11	Dec-10	Dec-09	Dec-08	Dec-07	Dec-06
Total revenue	69.86	67.03	68.92	82.41	78.35	43.81	39.64	46.16	36.92	37.65	43.58	42.55	39.86	37.98	35.41	31.39	26.54	41.91	30.61	25.26
Cost of revenue	61.89	57.82	57.58	63.66	57.53	37.88	35.44	40.01	33.31	34.19	39.29	37.41	34.73	33.23	30.30	25.87	22.31	31.02	23.13	18.72
Gross profit	7.97	9.20	11.33	18.75	20.82	5.93	4.20	6.15	3.60	3.46	4.29	5.14	5.13	4.75	5.11	5.52	4.23	10.89	7.48	6.54
Total operating expenses +	2.36	2.79	1.71	2.15	0.80	5.93	1.02	2.10	2.50	5.10	7.51	2.24	2.38	2.40	2.23	1.88	3.39	2.88	2.68	2.07
Selling, general and administrative	1.34	1.40	1.49	1.45	1.39	1.02	0.95	1.08	1.13	1.53	1.80	2.04	1.95	1.88	1.80	1.81	1.71	2.28	1.88	1.75
Research and development				0.15	0.18	0.19	0.16	0.17	0.15	0.15	0.00
Other operating expenses	1.02	1.39	0.22	0.54	-0.77	4.73	-0.09	0.85	1.23	3.42	5.71	0.20	0.43	0.52	0.43	0.07	1.67	0.60	0.79	0.32
Operating income	5.61	6.41	9.63	16.60	20.02	5.86	3.18	4.05	1.10	-1.64	-3.22	2.90	2.75	2.35	2.88	3.64	0.85	8.01	4.80	4.47
Non-operating income (net)	-3.08	-0.95	-0.28	-0.74	0.25	-2.37	-1.51	-1.89	-1.14	-0.95	-2.88	-1.56	-1.30	-0.79	-0.53	-0.69	0.18	-2.11	0.45	0.57
Income before tax	2.52	5.46	9.35	15.86	20.27	3.50	1.67	2.16	-0.04	-2.58	-6.09	1.34	1.45	1.56	2.35	2.96	1.03	5.89	5.26	5.04
Income tax expense	1.11	0.86	1.81	4.38	4.71	1.11	0.46	-0.17	0.30	0.30	-1.50	-0.15	-0.24	0.06	0.25	0.50	0.03	0.95	0.95	0.94
Net income	1.39	4.57	7.50	11.43	15.49	2.37	1.20	2.30	-0.36	-2.89	-4.55	1.40	1.58	1.43	2.01	2.14	1.12	3.94	3.55	3.23

Show Quarterly Income Statement

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19	Dec-18	Sep-18	Jun-18	Mar-18	Dec-17	Sep-17	Jun-17	Mar-17	Dec-16	Sep-16	Jun-16	Mar-16	Dec-15	Sep-15	Jun-15	Mar-15	Dec-14	Sep-14	Jun-14	Mar-14	Dec-13	Sep-13	Jun-13	Mar-13	Dec-12	Sep-12	Jun-12	Mar-12	Dec-11	Sep-11	Jun-11	Mar-11	Dec-10	Sep-10	Jun-10	Mar-10	Dec-09	Sep-09	Jun-09	Mar-09	Dec-08	Sep-08	Jun-08	Mar-08	Dec-07	Sep-07	Jun-07	Mar-07	Dec-06	Sep-06	Jun-06	Mar-06
Total revenue	16.72	16.97	17.98	17.53	17.38	16.82	17.38	16.62	16.21	14.72	17.06	18.27	18.87	17.96	21.15	22.97	20.33	21.55	21.32	19.13	16.34	13.62	12.22	8.74	9.23	13.62	9.93	10.15	10.03	10.90	12.84	12.04	10.39	9.82	9.48	9.17	8.46	8.62	8.70	10.25	10.08	10.45	11.93	10.76	10.45	10.84	10.71	10.44	10.55	10.32	10.49	9.88	9.17	8.99	9.82	9.98	9.20	9.07	8.97	9.01	8.36	7.80	8.19	8.30	7.11	6.36	6.81	6.40	6.97	4.73	14.42	11.09	8.94	7.59	7.26	7.54	7.18	6.11	6.61	6.50	6.12
Cost of revenue	14.42	15.13	15.84	15.50	15.43	14.80	14.80	14.43	13.79	13.08	14.27	14.99	15.24	15.04	16.41	17.06	15.15	16.37	14.90	13.72	12.55	10.96	10.53	8.03	8.37	10.96	8.95	8.88	8.76	9.60	10.97	10.39	9.05	8.78	8.50	8.23	7.80	8.10	7.65	9.17	9.27	9.66	10.71	9.58	9.34	9.56	9.43	9.18	9.24	8.97	8.96	8.54	8.26	7.97	8.62	8.55	8.09	7.86	7.63	7.61	7.20	6.85	6.84	6.48	5.70	5.03	5.35	5.64	6.23	4.19	9.63	8.11	6.74	5.78	5.41	5.65	5.43	4.64	4.93	4.66	4.55
Gross profit	2.29	1.85	2.14	2.03	1.95	2.02	2.58	2.19	2.42	1.63	2.79	3.28	3.63	2.93	4.74	5.90	5.18	5.19	6.42	5.41	3.80	2.66	1.70	0.72	0.86	2.66	0.99	1.27	1.27	1.30	1.86	1.64	1.34	1.04	0.97	0.94	0.65	0.52	1.05	1.08	0.81	0.79	1.21	1.18	1.11	1.28	1.28	1.26	1.32	1.35	1.53	1.34	0.91	1.02	1.20	1.42	1.11	1.20	1.34	1.40	1.16	0.95	1.35	1.81	1.41	1.33	1.46	0.76	0.74	0.54	4.79	2.98	2.20	1.80	1.85	1.89	1.75	1.47	1.68	1.84	1.57
Total operating expenses +	0.54	0.65	0.57	0.57	0.57	1.11	0.46	0.57	0.53	0.54	0.41	0.39	-0.66	0.61	0.28	0.11	0.17	0.42	-0.97	-0.15	0.24	-0.23	0.32	-0.06	0.38	0.09	0.28	0.35	0.28	0.67	0.59	0.46	0.38	2.21	0.39	0.46	-0.55	3.38	0.45	0.65	0.61	3.77	2.48	0.62	0.63	0.34	0.61	0.63	0.66	0.54	0.65	0.62	0.57	0.59	0.63	0.64	0.54	0.69	0.56	0.53	0.51	0.27	0.57	0.57	0.47	0.41	0.63	1.69	0.62	0.26	0.95	0.72	0.66	0.70	0.74	0.63	0.52	0.50	0.53	0.61	0.43
Selling, general and administrative	0.34	0.32	0.32	0.35	0.35	0.39	0.35	0.34	0.32	0.38	0.35	0.39	0.36	0.42	0.37	0.34	0.33	0.43	0.34	0.31	0.31	0.32	0.24	0.21	0.25	0.32	0.25	0.23	0.24	0.26	0.28	0.27	0.27	0.28	0.27	0.29	0.30	0.35	0.34	0.40	0.43	0.43	0.43	0.45	0.48	0.52	0.49	0.50	0.53	0.50	0.49	0.47	0.48	0.45	0.48	0.49	0.47	0.48	0.44	0.43	0.44	0.47	0.48	0.48	0.38	0.39	0.38	0.45	0.49	0.49	0.97	0.50	0.38	0.44	0.60	0.33	0.28	0.27	0.58	0.27	0.47
Research and development																		0.18	0.18		0.19	0.19	0.19			0.16	0.16	0.00	0.00	0.17	0.17	0.00	0.15	0.15	0.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other operating expenses	0.21	0.32	0.26	0.22	0.22	0.72	0.10	0.23	0.22	0.16	0.05	0.01	-1.03	0.19	-0.10	-0.22	-0.16	-0.18	-1.49	-0.46	-0.26	-0.74	-0.11	-0.27	0.13	-0.38	-0.12	0.12	0.04	0.24	0.14	0.19	-0.04	1.78	-0.02	0.17	-0.85	3.03	0.11	0.25	0.18	3.34	2.05	0.17	0.15	-0.18	0.12	0.14	0.13	0.04	0.15	0.15	0.08	0.14	0.15	0.15	0.07	0.21	0.12	0.09	0.07	-0.20	0.09	0.09	0.08	0.01	0.25	1.23	0.12	-0.23	-0.02	0.22	0.28	0.26	0.14	0.30	0.24	0.24	-0.06	0.34	-0.04
Operating income	1.75	1.20	1.57	1.46	1.38	0.92	2.12	1.62	1.88	1.09	2.38	2.88	4.29	2.31	4.46	5.79	5.01	4.76	7.39	5.56	3.56	2.89	1.38	0.78	0.47	2.57	0.70	0.93	0.99	0.63	1.27	1.18	0.96	-1.17	0.58	0.48	1.21	-2.86	0.59	0.43	0.20	-2.98	-1.27	0.56	0.49	0.95	0.67	0.63	0.65	0.81	0.89	0.72	0.34	0.43	0.57	0.78	0.57	0.51	0.78	0.88	0.65	0.67	0.78	1.25	0.94	0.93	0.83	-0.93	0.12	0.27	3.84	2.25	1.55	1.10	1.11	1.26	1.23	0.97	1.15	1.22	1.14
Non-operating income (net)	-0.24	-2.34	-0.13	-0.31	-0.30	-0.55	-0.32	-0.59	0.39	-0.36	-0.48	-0.42	-0.05	-0.33	-0.53	-0.36	-0.50	-0.87	0.08	0.06	-0.27	-1.16	-0.30	-0.33	-0.23	-0.83	-0.56	-0.30	-0.37	-0.39	-0.44	-0.71	-0.34	-0.44	-0.25	-0.50	0.05	-0.46	-0.50	-0.02	0.04	-0.39	-1.38	-0.21	-0.90	-0.67	-0.57	-0.21	-0.10	-0.36	-0.21	-0.55	-0.19	-0.22	-0.13	-0.34	-0.10	-0.02	-0.06	-0.22	-0.17	-0.18	0.00	-0.26	-0.25	-0.24	-0.02	0.52	-0.18	-1.09	-1.47	0.52	-0.18	-0.15	0.04	0.18	0.23	0.20	-0.14	0.19	0.32
Income before tax	1.51	-1.14	1.44	1.15	1.08	0.37	1.80	1.02	2.28	0.74	1.91	2.46	4.24	1.99	3.93	5.43	4.51	3.90	7.47	5.62	3.29	1.73	1.08	0.45	0.24	1.73	0.14	0.62	0.62	0.24	0.83	0.47	0.62	-1.61	0.33	-0.02	1.26	-3.32	0.10	0.41	0.24	-3.38	-2.66	0.35	-0.41	0.27	0.09	0.42	0.55	0.45	0.68	0.17	0.15	0.20	0.43	0.45	0.47	0.49	0.72	0.66	0.48	0.49	0.78	0.99	0.69	0.69	0.81	-0.41	-0.05	-0.82	2.37	2.77	1.37	0.95	1.15	1.44	1.46	1.17	1.01	1.42	1.46
Income tax expense	0.50	0.15	0.35	0.29	0.32	0.04	0.44	0.16	0.22	0.15	0.31	0.32	1.03	0.77	0.91	1.13	1.57	0.34	1.87	1.69	0.82	0.67	0.28	0.13	0.02	0.67	-0.15	0.25	0.16	-0.15	0.04	-0.23	0.17	-0.22	0.18	-0.10	0.44	-0.25	0.00	0.33	0.23	-0.21	-0.70	0.09	-0.68	-0.12	-0.17	0.03	0.11	-0.04	0.04	-0.23	-0.01	0.06	0.03	-0.10	0.08	0.02	0.01	0.16	0.07	0.07	0.17	0.14	0.12	0.04	0.15	-0.08	-0.09	-0.76	0.58	0.65	0.32	0.16	0.20	0.30	0.34	0.08	0.23	0.28	0.35
Net income	1.00	-1.30	1.08	0.86	0.75	0.32	1.35	0.86	2.04	0.58	1.58	2.14	3.21	1.21	3.01	4.28	2.92	3.50	5.58	3.92	2.45	1.05	0.79	0.32	0.22	1.06	0.29	0.37	0.45	0.38	0.78	0.69	0.44	-1.38	0.14	0.08	0.82	-3.06	0.10	0.07	0.01	-3.16	-1.94	0.26	0.29	0.40	0.25	0.36	0.40	0.45	0.60	0.39	0.15	0.13	0.39	0.54	0.37	0.38	0.71	0.47	0.39	0.37	0.61	0.73	0.50	0.75	0.55	-0.27	0.09	0.04	1.30	1.86	0.80	0.59	0.75	0.94	0.87	0.81	0.58	0.90	0.95

about 22 hours ago

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15	Dec-14	Dec-13	Dec-12	Dec-11	Dec-10	Dec-09	Dec-08	Dec-07	Dec-06
Total cash and short-term investments +	6.37	8.28	5.34	5.43	6.79	7.66	6.29	3.35	3.38	6.09	6.92	5.85	4.22	2.50	4.58	2.18	4.77	5.41	5.14	5.80
Cash and cash equivalents	5.93	7.77	3.01	2.48	4.16	4.62	2.64	2.89	2.56	5.06	5.65	3.05	2.10	1.44	1.48	1.06	2.09	2.03	2.03	1.04
Short-term investments	0.45	0.51	2.34	2.96	2.63	3.04	3.65	0.46	0.82	1.02	1.27	2.80	2.12	1.06	3.10	1.12	2.68	3.39	3.11	4.76
Accounts receivable, net	6.78	7.24	6.87	7.21	8.31	5.99	3.66	4.17	3.69	4.70	5.99	5.59	4.93	4.84	4.59	3.99	2.59	3.68	3.17	3.25
Inventories	14.73	16.50	15.23	17.82	16.86	9.17	7.66	9.17	6.70	6.33	8.78	8.87	8.50	9.02	8.06	6.80	5.75	10.40	6.06	5.08
Other current assets	0.72	0.64	1.75	0.79	0.68	0.59	0.62	0.78	0.47	0.67	0.45	0.37	0.53	0.05	0.09	-0.02	1.06	0.18	0.94	0.98
Total current assets	28.61	32.67	29.20	31.26	32.64	23.41	18.24	17.50	17.98	17.80	22.18	20.68	18.18	16.41	17.32	12.95	14.16	20.78	15.31	15.11
Total non-current assets +	53.08	54.15	45.69	42.54	41.17	39.71	35.77	33.78	32.32	36.84	47.92	42.36	40.04	36.68	32.66	29.95	30.42		26.24	15.79
Property, plant and equipment, net	31.91	30.76	24.06	21.38	19.60	18.07	16.68	15.55	16.44	19.35	23.26	8.33	9.07	9.62	9.28	9.72	9.60	8.65	8.62	5.99
Goodwill	12.00	13.85	10.83	11.63	12.43	12.10	9.47	9.11	7.89	9.47	14.65	12.56	11.35	10.03	9.16	8.16	8.42	11.29	6.04	0.72
Intangible assets	0.69	0.40	0.37	0.42	0.51	0.62	0.67	0.84	0.97	1.32	1.84	1.55	1.50	1.36	1.27	1.18	0.99	1.71	1.07	0.34
Long-term investments	3.94	4.22	3.86	3.90	3.34	2.27	1.81	1.74	1.28	0.80	0.00	1.39	1.59
Other non-current assets
Total assets	81.69	86.81	74.89	73.80	73.81	63.12	54.00	51.28	50.30	54.64	70.09	63.04	58.22	53.09	49.98	42.89	44.58	59.05	41.55	30.90

Total current liabilities +	9.89	10.85	11.28	13.46	14.04	11.48	7.42	8.50	7.71	8.62	7.86	7.77	7.24	7.82	6.78	5.02	4.82	8.48	6.59	6.24
Accounts payable	5.01	5.72	5.90	6.62	8.02	5.44	3.76	4.12	3.18	2.74	3.63	3.24	3.27	3.06	3.21	1.78	1.71	1.23	2.59	2.37
Short-term debt	1.33	1.17	2.17	3.40	2.04	1.66	1.76	1.82	2.00	4.46	2.39	2.04	1.84	2.58	1.76	1.69	1.36	3.93	2.54	2.27
Current portion of long-term debt	0.94	0.74	1.80	3.12	1.77	1.43	1.56	1.82	2.00	4.46	0.00	2.04	16.71
Deferred revenue
Other current liabilities	3.55	3.21	2.71	2.55	2.57	1.74	0.67	1.81	1.71	0.52	0.83	1.70	1.48	1.65	1.22	1.02	1.08	0.50	1.46	1.11
Total non-current liabilities +	18.00	17.79	14.36	14.04	16.96	20.56	19.41	16.84	18.69	21.74	30.26	22.02	18.96	16.47	16.68	17.72	17.76		18.24	14.15
Long-term debt	13.24	12.90	9.12	9.49	12.27	16.11	14.49	13.08	14.51	16.13	24.07	6.58	6.30	5.90	6.40	7.80	7.55	8.33	7.56	3.57
Capital lease obligations	1.39	1.28	1.28	1.03	0.92	0.86	0.80	0.00	0.00	0.00	0.00
Other non-current liabilities	0.47	0.59	0.86	0.53	0.42	0.56	1.47	1.44	1.79	1.41	0.00
Total liabilities	27.89	28.64	25.65	27.50	31.00	32.04	26.83	25.34	26.41	30.36	38.12	29.79	26.19	24.30	23.46	22.74	22.58	34.01	24.83	20.38

Total stockholders' equity +	53.59	57.95	49.06	46.12	42.60	31.09	27.17	25.94	23.89	24.27	31.97	32.20	30.34	27.25	25.00	19.47	18.51	25.04	12.78	10.51
Common stock and paid-in capital	30.53	33.71	23.14	23.94	24.77	23.79	21.53	21.13	20.58	20.51	25.38	20.49	19.87	18.07	16.65	13.94	12.93	19.93	7.02	7.40
Retained earnings	23.05	24.24	25.91	22.17	17.84	7.29	5.64	4.81	3.32	3.76	6.59	11.71	10.47	9.18	8.35	5.53	5.58	5.11	5.76	3.11
Common shares outstanding	2,013	2,099	2,112	1,847	1,791	1,786	1,784	1,781	1,795	1,794	1,771	1,790	1,789	1,785	1,727	1,497	1,491	1,392	1,404	1,409

Show Quarterly Balance Sheet

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19	Dec-18	Sep-18	Jun-18	Mar-18	Dec-17	Sep-17	Jun-17	Mar-17	Dec-16	Sep-16	Jun-16	Mar-16	Dec-15	Sep-15	Jun-15	Mar-15	Dec-14	Sep-14	Jun-14	Mar-14	Dec-13	Sep-13	Jun-13	Mar-13	Dec-12	Sep-12	Jun-12	Mar-12	Dec-11	Sep-11	Jun-11	Mar-11	Dec-10	Sep-10	Jun-10	Mar-10	Dec-09	Sep-09	Jun-09	Mar-09	Dec-08	Sep-08	Jun-08	Mar-08	Dec-07	Sep-07	Jun-07	Mar-07	Dec-06	Sep-06	Jun-06	Mar-06
Total cash and short-term investments +	5.59	6.37	9.87	8.97	6.87	8.28	8.83	6.64	5.94	5.34	6.00	4.18	5.83	5.43	8.59	7.75	7.59	6.79	8.43	5.64	7.66	7.66	7.20	6.55	5.98	6.29	3.43	2.14	2.53	3.35	3.48	2.94	3.25	3.38	5.07	5.43	5.45	6.09	5.26	4.88	5.53	6.92	6.74	5.69	5.85	5.85	4.96	3.96	3.52	4.22	3.51	2.97	1.83	2.50	3.00	3.16	3.43	4.58	4.36	4.09	2.41	2.18	1.64	4.27	4.46	4.77	5.35	6.20	0.00	5.41	5.58	5.55	4.07	5.14	5.02	5.13	5.57	5.80	5.94	6.06	5.66
Cash and cash equivalents	5.28	5.93	9.39	8.50	6.48	7.77	8.07	4.89	3.74	3.01	2.91	2.56	2.58	2.48	6.19	5.78	4.90	4.16	3.98	3.03	4.62	4.62	4.17	4.06	3.82	2.64	2.29	1.75	1.94	2.89	2.80	2.64	2.38	2.56	3.26	4.31	4.48	5.06	3.95	3.81	4.73	5.65	5.19	3.79	3.60	3.05	2.87	2.63	1.87	2.10	1.97	1.24	1.06	1.44	1.67	1.66	1.36	1.48	1.28	1.18	1.08	1.06	0.60	1.88	1.84	2.09	2.65	2.98		2.03	2.27	2.04	2.07	2.03	1.23	0.95	0.81	1.04	0.99	1.59	1.76
Short-term investments	0.31	0.45	0.48	0.47	0.39	0.51	0.76	1.75	2.20	2.34	3.09	1.63	3.24	2.96	2.40	1.98	2.70	2.63	4.45	2.61	3.04	3.04	3.03	2.48	2.16	3.65	1.14	0.39	0.59	0.46	0.68	0.30	0.87	0.82	1.80	1.12	0.98	1.02	1.31	1.07	0.79	1.27	1.55	1.90	2.25	2.80	2.09	1.33	1.65	2.12	1.55	1.73	0.77	1.06	1.33	1.49	2.07	3.10	3.08	2.91	1.33	1.12	1.04	2.40	2.61	2.68	2.70	3.22		3.39	3.30	3.51	2.00	3.11	3.79	4.18	4.76	4.76	4.95	4.46	3.90
Accounts receivable, net	7.22	6.78	7.54	7.58	8.20	7.24	7.31	7.83	7.18	6.87	5.74	8.34	6.00	7.21	6.66	7.26	6.76	8.31	10.78	8.24	5.99	5.99	5.15	4.52	4.38	3.66	4.35	4.65	4.84	4.17	4.19	4.96	4.36	2.80	4.23	3.92	3.86	3.58	4.09	4.04	4.53	4.59	5.48	5.00	5.27	4.44	4.36	4.29	4.49	4.08	4.44	4.13	4.45	3.70	5.19	5.38	4.81	4.59	4.76	4.40	4.10	3.99	3.54	3.57	3.34	2.59	2.98	3.63		4.11	5.21	4.52	3.61	3.17	3.43	3.28	3.22	3.25	2.66	2.81	2.56
Inventories	15.19	14.73	15.27	16.04	16.56	16.50	15.91	16.55	16.04	15.23	15.82	16.98	17.18	17.82	18.81	18.46	16.32	16.86	15.65	13.80	9.17	9.17	8.89	9.52	9.51	7.66	9.01	9.53	9.38	9.17	9.12	8.48	6.98	6.70	6.81	7.00	6.84	6.33	6.91	6.76	8.12	8.78	10.04	9.53	10.19	8.87	9.31	9.01	8.69	8.50	8.20	8.55	8.54	9.02	9.13	9.37	8.37	8.06	7.85	7.08	6.61	6.80	7.21	7.18	6.22	5.75	5.70	6.21		10.40	10.24	7.48	6.44	6.06	5.92	5.17	4.95	5.08	4.77	4.42	4.04
Other current assets	0.57	0.72	0.72	0.71	0.57	0.64	0.76	0.81	0.58	1.75	3.34	0.81	3.41	0.79	3.49	3.26	3.26	0.68	0.60	0.64	0.59	0.59	0.90	1.17	0.73	0.62	0.71	0.57	0.78	0.81	5.38	4.27	4.98	5.11	1.36	1.55	1.61	1.80	1.58	1.61	1.70	1.89	1.83	1.67	1.60	1.53	1.65	1.56	1.50	1.38	1.25	1.16	1.09	1.20	0.24	0.27	0.26	0.09	0.29	0.25	0.27	-0.02	1.01	1.00	0.98	1.06	0.93	0.39		0.85	1.15	0.71	1.02	0.94	1.00	0.88	0.89	0.98	0.86	0.75	0.59
Total current assets	28.57	28.61	33.40	33.31	32.19	32.67	32.82	31.83	29.74	29.20	30.89	30.32	32.42	31.26	37.56	36.74	33.92	32.64	35.46	28.31	23.41	23.41	22.13	21.76	20.61	18.24	17.50	16.90	17.57	17.50	22.17	20.65	19.56	17.98	17.48	17.90	17.76	17.80	17.84	17.30	19.87	22.18	24.08	21.90	22.91	20.68	20.28	18.82	18.20	18.18	17.40	16.81	15.91	16.41	17.55	18.17	16.87	17.32	17.26	15.81	13.40	12.95	13.38	16.02	15.00	14.16	14.95	16.43		20.78	22.19	18.27	15.14	15.31	15.36	14.46	14.63	15.11	14.23	14.03	12.84
Total non-current assets +	52.47	53.08	53.86	53.55	53.38	54.15	49.03	50.57	47.22	45.69	45.52	43.48	43.33	42.54	42.21	40.92	37.62	41.17	39.91	38.58	39.71	39.71	41.29	40.84	40.04	35.77	35.54	34.23	34.58	33.78	33.95	33.81	31.42	32.32	35.10	36.28	35.80	36.84	40.87	40.94	45.14	47.92	52.41	46.88	47.94	42.36	41.19	39.07	39.35	40.04	38.81	38.25	35.90	36.68	36.05	35.18	32.76	32.66	32.16	29.22	29.53	29.95	29.42	30.31	30.64	30.42	30.98	32.84		38.27	32.14	29.25	25.93	26.24	24.73	17.17	16.69	15.79	14.32	13.90	12.84
Property, plant and equipment, net		31.91	32.27	32.10	31.44	30.76	27.42				23.29	22.06	21.62	21.38	20.61	19.84	18.64	19.60	18.72	17.89	18.68	18.07	18.50	18.44	18.31	16.68	16.55	16.26	16.39	0.02	3.93	4.10	4.68	4.96	5.72	5.60	5.98	5.95	6.19	6.30	6.29	5.87	6.26	7.54	7.47	8.33	8.86	9.57	9.42	9.07	9.38	9.27	9.71	9.62	9.51	9.16	9.58	9.28	9.13	10.13	9.84	9.72	9.39	9.05	9.32	9.60	9.65	9.12		8.65	9.25	10.24	9.21	8.62	8.23	7.05	6.48	5.99	5.56	5.02	4.78
Goodwill	11.38	12.00	11.96	12.26	12.87	13.85	12.13	12.37	11.16	10.83	11.18	10.78	11.34	11.63	12.04	11.69	10.61	12.43	12.65	11.67	12.10	12.10	13.10	12.72	12.09	9.47	9.77	9.02	9.16	9.11	9.41	9.12	7.92	7.89	9.20	9.59	9.20	9.47	12.29	12.17	13.41	15.12	17.34	14.41	14.97	12.56	11.78	10.71	10.97	11.35	10.84	10.75	9.84	10.03	9.95	9.87	8.96	9.16	9.05	7.74	8.03	8.16	8.23	8.60	8.54	8.42	8.52	9.37		11.29	9.31	7.44	6.44	6.04	6.03	1.06	0.95	0.72	0.47	0.85	0.47
Intangible assets	0.68	0.69	0.71	0.41	0.39	0.40	0.39	0.39	0.36	0.37	0.42	0.43	0.46	0.42	0.44	0.44	0.45	0.51	0.51	0.52	0.62	0.62	0.69	0.74	0.77	0.67	0.72	0.73	0.75	0.84	0.91	0.95	0.91	0.97	1.08	1.17	1.20	1.32	1.39	1.45	1.66	1.84	1.91	1.64	1.72	1.55	1.50	1.43	1.47	1.50	1.46	1.43	1.34	1.36	1.35	1.35	1.25	1.27	1.28	1.12	1.17	1.18	0.97	0.97	1.00	0.99	1.01	1.03		1.71	1.46	1.26	1.04	1.07	1.11	1.11	0.46	0.34	0.22	0.39	0.29
Long-term investments	3.86	3.94	4.05	3.96	3.86	4.22	4.20	4.26	4.07	3.86	5.00	4.72	4.61	3.90	4.20	3.93	3.33	3.34	2.98	2.55	2.57	2.27	2.31	2.16	2.05	1.81	1.85	1.79	1.75	0.00	0.37	0.37	0.40	1.28	1.21	1.35	0.98	0.81	1.04	1.12		1.40				1.39				1.59
Other non-current assets
Total assets	81.05	81.69	87.26	86.85	85.58	86.81	81.85	82.40	76.96	74.89	76.41	73.80	75.75	73.80	79.77	77.66	71.54	73.81	75.36	66.89	63.12	63.12	63.43	62.60	60.65	54.00	53.05	51.13	52.15	51.28	56.12	54.46	50.98	50.30	52.58	54.18	53.56	54.64	58.71	58.23	65.00	70.09	76.49	68.78	70.84	63.04	61.47	57.89	57.55	58.22	56.21	55.06	51.81	53.09	53.60	53.35	49.63	49.98	49.43	45.04	42.93	42.89	42.81	46.33	45.64	44.58	45.93	49.27	56.10	59.05	54.32	47.52	41.07	41.55	40.09	31.63	31.32	30.90	28.56	27.93	25.68

Total current liabilities +	10.36	9.89	12.35	11.52	12.19	10.85	11.03	11.25	10.64	11.28	10.53	10.31	13.03	13.46	16.67	16.53	13.95	14.04	13.16	10.98	11.48	11.48	9.17	10.16	10.14	7.42	8.22	7.72	9.30	8.50	9.15	8.74	8.18	7.71	9.23	8.61	8.63	8.62	6.17	6.08	7.44	7.86	8.43	8.12	8.06	7.77	7.56	6.67	6.90	7.24	6.95	6.73	7.88	7.82	8.07	8.25	6.67	6.78	6.45	5.71	5.61	5.02	6.11	5.28	5.01	4.82	5.33	6.01	6.95	8.48	9.87	8.40	6.62	6.59	8.64	6.13	5.97	6.24	6.04	6.05	4.53
Accounts payable	5.95	5.01	5.50	5.57	6.43	5.72	5.66	5.93	6.08	5.90	5.70	6.21	6.85	6.62	9.11	9.39	8.07	8.02	7.24	6.90	5.44	5.44	4.55	3.91	4.31	3.76	3.89	3.83	4.07	4.34	4.15	4.20	3.50	3.18	3.21	3.06	3.15	2.74	2.56	2.76	3.34	3.63	4.13	3.57	3.75	3.24	3.51	3.45	3.18	3.27	3.29	3.30	3.02	3.06	3.33	3.53	3.23	3.21	3.17	2.82	2.39	1.78	2.01	2.32	2.18	1.71	1.62	1.70	2.17	2.86	4.11	3.45	2.72	2.59	2.57	2.45	2.51	2.37	2.24	2.19	1.88
Short-term debt	1.38	1.33	3.70	2.96	2.72	1.17	2.24	2.12	2.11	2.17	1.73	1.32	3.26	3.40	4.15	3.82	2.35	2.04	1.01	0.49	1.66	1.66	2.40	4.09	3.89	1.76	2.48	2.09	3.15	1.82	2.18	2.32	2.18	2.00	4.48	4.19	4.18	4.46	2.20	1.96	2.46	2.39	2.13	2.58	2.37	2.04	1.95	1.30	1.76	1.84	1.77	1.77	3.33	2.58	3.09	2.97	1.93	1.76	1.61	1.29	1.73	1.69	2.48	1.48	1.35	1.36	2.13	2.83	3.45	3.93	3.10	3.14	2.06	2.54	4.21	2.02	1.93	2.27	2.28	2.52	1.51
Current portion of long-term debt	0.91	0.94	3.32	2.55	2.26	0.74	1.81	1.71	1.71	1.80	1.36	1.01	2.96	3.12	3.89	3.55	2.08	1.77	0.75	0.26	0.45	1.43	2.17	3.87	3.66	1.56	2.26	1.87	2.94	0.00	0.54	0.59	0.66	2.00	4.48	19.96	19.70	4.46	21.10	20.67		2.39				2.04				16.71
Deferred revenue
Other current liabilities	2.41	3.55	2.57	2.50	2.35	3.21	2.51	3.05	2.31	2.71	2.45	2.17	1.66	2.55	2.30	2.02	1.76	2.57	2.62	1.77	1.74	1.74	0.72	1.07	0.82	0.67	0.72	0.70	0.69	1.60	2.21	1.69	2.05	2.18	1.09	1.04	0.91	1.00	1.01	0.96	1.22	1.36	1.62	1.34	1.31	1.70	1.38	1.31	1.14	1.48	1.28	1.04	0.87	1.65	1.06	1.10	0.87	1.22	1.12	1.00	0.86	1.02	0.91	0.78	0.77	1.08	0.84	0.86	0.87	1.17	2.66	1.82	1.84	1.00	1.86	1.66	1.54	1.11	1.52	1.33	1.14
Total non-current liabilities +	17.72	18.00	20.16	20.21	17.16	17.79	15.31	15.81	14.21	14.36	15.09	14.33	13.91	14.04	13.73	13.61	15.06	16.96	20.91	19.78	20.56	20.56	22.76	22.17	21.19	19.41	17.33	16.84	16.40	16.84	20.21	20.04	18.67	18.69	18.44	20.22	20.01	21.74	24.70	24.39	27.28	30.26	32.05	25.20	26.34	22.02	20.70	19.51	19.01	18.96	18.12	17.86	15.45	16.47	16.64	16.67	16.22	16.68	16.34	14.83	16.93	17.72	16.42	17.82	17.97	17.76	18.56	20.94	24.64	25.53	19.56	18.06	16.48	18.24	15.26	9.68	10.04	14.15	8.71	8.55	8.82
Long-term debt	12.92	13.24	15.33	15.54	12.25	12.90	10.72	10.90	9.35	9.12	10.12	9.69	9.32	9.49	9.00	8.92	10.70	12.27	16.43	15.55	17.31	16.11	17.37	17.11	16.37	14.49	13.23	12.80	12.05	0.01	3.99	4.04	4.39	4.38	4.49	4.77	4.91	4.96	5.83	5.85	5.98	6.08	6.43	6.42	6.57	6.58	6.75	7.00	6.65	6.30	6.32	6.29	5.74	5.90	5.86	5.93	6.34	6.40	6.44	6.81	7.68	7.80	6.97	7.40	7.45	7.55	7.86	8.19	8.13	8.33	8.20	8.37	7.62	7.56	6.62	3.75	3.66	3.57	3.08	3.05	3.19
Capital lease obligations	1.54	1.39	1.35	1.43	1.49	1.28	1.30	1.35	1.31	1.28	1.37	1.21	1.10	1.03	1.01	0.96	0.92	0.92	0.91	0.83	0.87	0.86	0.84	0.85	0.90	0.80	0.61	0.74	0.91	0.00	0.00	0.00
Other non-current liabilities	0.44	0.47	0.53	0.52	0.55	0.59	0.55	0.60	0.60	0.86	0.51	0.46	0.51	0.53	0.55	0.51	0.39	0.42	0.35	0.45	0.55	0.56	1.59	1.52	1.49	1.47	1.43	1.44	1.47	0.00	0.00	0.00
Total liabilities	28.08	27.89	32.52	31.73	29.36	28.64	26.34	27.06	24.85	25.65	25.62	24.64	26.94	27.50	30.39	30.14	29.00	31.00	34.06	30.75	32.04	32.04	31.93	32.34	31.32	26.83	25.55	24.56	25.70	25.34	29.36	28.78	26.84	26.41	27.67	28.83	28.64	30.36	30.87	30.47	34.72	38.12	40.48	33.32	34.40	29.79	28.26	26.19	25.91	26.19	25.07	24.59	23.33	24.30	24.71	24.92	22.89	23.46	22.80	20.53	22.55	22.74	22.53	23.10	22.98	22.58	23.89	26.95	31.59	34.01	29.43	26.46	23.10	24.83	23.90	15.81	16.01	20.38	14.75	14.60	13.35

Total stockholders' equity +	52.77	53.59	54.54	54.92	56.02	57.95	55.29	55.13	51.92	49.06	50.60	48.98	48.62	46.12	49.19	47.33	42.33	42.60	41.08	35.91	30.86	30.86	31.27	30.05	29.12	26.96	27.28	26.37	26.24	25.73	26.55	25.39	23.88	23.65	24.64	25.08	24.66	24.03	27.58	27.50	30.01	31.69	35.71	34.35	35.31	32.20	31.44	30.00	29.96	30.34	29.20	28.55	27.02	27.25	27.32	26.91	25.22	25.00	25.11	23.04	19.26	19.47	19.06	19.43	19.04	18.51	18.05	18.17	19.95	20.17	18.47	16.84	12.93	12.78	12.00	11.77	11.23	10.51	10.09	9.78	9.02
Common stock and paid-in capital	29.05	30.53	31.63	31.78	31.73	33.71	30.21	31.13	26.18	23.14	24.44	23.65	24.53	23.94	23.62	23.58	21.88	24.77	24.03	22.87	23.57	23.57	24.31	23.88	23.26	21.31	21.61	20.86	20.98	20.92	21.74	21.12	20.17	20.33	19.89	20.43	20.09	20.26	20.72	20.68	23.10	24.78	25.92	22.54	23.65	20.49	20.04	18.75	19.09	19.87	19.05	18.87	17.69	18.07	20.06	19.89	18.62	16.65	18.60	17.12	13.78	13.94	12.47	12.80	12.99	12.93	12.63	13.29	14.81	15.07	14.60	12.11	7.90	7.02	7.59	7.69	7.52	7.40	7.26	7.29	5.00
Retained earnings	23.72	23.05	22.91	23.14	24.29	24.24	25.09	24.00	25.74	25.91	26.16	25.33	24.09	22.17	25.57	23.75	20.44	17.84	17.05	13.04	7.29	7.29	6.96	6.17	5.86	5.64	5.67	5.50	5.25	4.81	4.81	4.27	3.71	3.32	4.75	4.65	4.58	3.76	6.86	6.82	6.92	6.91	9.79	11.81	11.66	11.71	11.40	11.25	10.87	10.47	10.16	9.68	9.33	9.18	7.26	7.02	6.60	8.35	6.51	5.92	5.49	5.53	6.58	6.64	6.05	5.58	5.42	4.88	5.14	5.10	3.87	4.73	5.02	5.76	4.41	4.08	3.72	3.11	2.83	2.49	4.03
Common shares outstanding	1,984	1,975	2,000	2,018	2,045	2,107	2,107	2,113	2,533	2,113	1,760	1,760	1,760	1,847	1,778	1,799	1,801	1,791	2,381	1,799	1,786	1,786	1,786	1,796	1,785	1,784	1,794	1,795	1,795	1,781	1,787	1,802	1,804	1,795	1,795	1,795	1,795	1,794	1,793	1,803	1,782	1,771	1,778	1,779	1,788	1,790	1,792	1,795	1,795	1,701	1,786	1,787	1,786	1,785	1,789	1,788	1,790	1,705	1,790	1,738	1,579	1,411	1,490	1,489	1,513	1,418	1,489	1,492	1,491	1,420	1,493	1,470	1,395	663	703	1,405	1,406	663	703	1,052	1,052

about 22 hours ago

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16	Dec-15	Dec-14	Dec-13	Dec-12	Dec-11	Dec-10	Dec-09	Dec-08	Dec-07	Dec-06
Operating cash flow +	7.99	11.38	11.14	11.15	12.52	6.41	1.64	2.00	2.08	3.52	7.16	2.57	4.10	4.34	1.71	4.14	6.35	3.64	6.44	3.10
Net income
Depreciation, depletion and amortization	3.68	3.13	3.05	2.87	2.66	2.50	2.07	1.89	2.09	2.54	2.61	2.23	2.03	1.83	1.77	1.89	1.75	1.90	1.32	1.08
Stock-based compensation			0.16	0.10	-4.18	-0.93	0.04	0.04	0.04	0.05	0.05	0.04	0.04	0.04	0.01	0.02	0.02		0.01	0.58
Change in inventory	0.96	0.54	1.31	-2.04	-7.70	-0.43	1.56	-2.43	-1.27	0.79	1.98	-0.17	1.02	-0.26	-0.68	-1.16	3.77	-2.49	-0.78	-0.38
Other working capital changes	3.35	7.71	6.63	10.22	21.74	5.27	-2.03	2.49	1.22	0.14	2.53	0.48	1.01	2.74	0.61	3.39	0.82	4.23	5.89	1.83
Cash flow from investing +	-7.57	-5.03	-5.77	-4.46	-3.00	-2.23	-1.90	2.38	-0.54	-1.07	-2.42	-1.34	-2.70	-3.44	-2.11	-1.60	-1.05		-11.16	-3.62
Capital expenditures	-6.85	-5.95	-5.34	-4.48	-3.19	-1.81	-1.85	-1.26	-0.91	-1.38	-2.45	-2.41	-2.76	-3.28	-2.10	-1.38	-1.38	-2.74	-2.77	-2.21
Others incl. marketable securities changes	-0.72	0.91	-0.44	0.02	0.20	-0.42	-0.05	3.65	0.38	0.31	0.03	1.07	0.05	-0.15	-0.01	-0.22	0.33	2.74	-8.39	-1.41
Cash flow from financing +	-1.72	-2.69	-4.13	-8.26	-9.98	-2.49	-0.01	-4.26	-4.06	-2.34	-2.84	-0.52	-0.80	-1.04	0.73	-3.50	-4.93	2.60	6.07	0.38
Dividend payout	-1.29	-1.66	-2.68	-5.89	-5.34	-0.27	-0.48	-0.60	-0.09	-0.09	-0.36	-0.46	-0.43	-0.52	-0.55	-1.02	-0.33	-1.65	-1.20	-0.95
Common stock repurchases	-1.17	-1.19	-0.16	-1.07	0.00	0.00	0.00	-0.24	0.00	-0.10	-0.19	0.01	0.04	-0.04	-0.09	-0.06	-0.01	-0.05		-0.07
Net Debt Issuance	0.74	0.16	-1.29	-1.29	-4.64	-2.22	0.47	-3.41	-3.97	-2.16	-2.29	-0.07	-0.41	-0.47	1.36	-2.42	-4.59	4.30	7.27	1.40

Change in cash	-1.30	3.66	1.24	-1.57	-0.46	1.69	-0.27	0.13	-2.52	0.11	1.90	0.71	0.59	-0.13	0.33	-0.96	0.37	6.24	1.34	-0.14
Change in exchange rate							0.00	0.00	0.00	0.00	0.00

Show Quarterly Cash Flow

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19	Dec-18	Sep-18	Jun-18	Mar-18	Dec-17	Sep-17	Jun-17	Mar-17	Dec-16	Sep-16	Jun-16	Mar-16	Dec-15	Sep-15	Jun-15	Mar-15	Dec-14	Sep-14	Jun-14	Mar-14	Dec-13	Sep-13	Jun-13	Mar-13	Dec-12	Sep-12	Jun-12	Mar-12	Dec-11	Sep-11	Jun-11	Mar-11	Dec-10	Sep-10	Jun-10	Mar-10	Dec-09	Sep-09	Jun-09	Mar-09	Dec-08	Sep-08	Jun-08	Mar-08	Dec-07	Sep-07	Jun-07	Mar-07	Dec-06	Sep-06	Jun-06	Mar-06
Operating cash flow +	1.51	3.15	2.93	1.01	0.90	2.79	5.83	1.94	0.83	3.61	2.34	3.22	1.96	1.72	3.25	3.86	2.32	7.82	2.58	0.55	1.57	2.59	2.49	0.17	1.16	-0.16	1.62	0.54	-0.36	1.72	0.03	0.45	-0.20	2.29	-0.23	-0.02	0.04	1.68	0.36	0.54	0.93	1.95	2.98	1.28	0.94	0.62	0.67	1.11	0.17	0.89	1.83	0.91	0.47	1.17	1.30	1.05	0.82	1.33	0.34	-0.87	0.91	0.88	1.50	0.99	0.78	1.22	1.62	1.66	1.81	1.75	1.63	-1.36	1.62	1.65	0.90	1.67	1.70	0.28	-0.01	0.84	2.00
Net income
Depreciation, depletion and amortization	0.90	0.94	0.94	0.94	0.87	0.83	0.80	0.77	0.73	0.79	0.79	0.75	0.71	0.77	0.74	0.70	0.66	0.71	0.67	0.63	0.65	0.68	0.65	0.61	0.56	0.54	0.50	0.53	0.51	0.50	0.48	0.46	0.45	0.52	0.51	0.53	0.53	0.67	0.57	0.62	0.68	0.71	0.67	0.63	0.60	0.59	0.56	0.54	0.54	0.56	0.53	0.48	0.46	0.47	0.47	0.46	0.44	0.46	0.44	0.43	0.45	0.48	0.48	0.47	0.46	0.43	0.40	0.44	0.47	0.30	0.76	0.41	0.42	0.38	0.26	0.28	0.31	0.23	0.32	0.26	0.27
Stock-based compensation		-0.12							0.04	0.04	0.01	-1.18	0.04	0.04	0.03	0.02	0.02	0.02	0.02	0.02	0.01	0.03	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.02	-0.02	0.02	0.00	0.01	0.00	0.01	0.00	0.00	2.26	-1.05	0.21	0.21	0.15	-0.44	0.23	0.23	0.26	-0.07	0.15
Change in inventory	-0.87	0.79	0.50	0.17	-0.50	0.33	0.49	0.34	-0.62	0.15	1.16	-0.31	0.31	0.62	-0.37	-1.48	-0.81	-1.29	-1.38	-2.68	-2.36	-0.63	0.75	0.26	-0.81	1.22	0.75	-0.21	-0.20	-0.04	-0.92	-1.06	-0.41	-0.51	0.01	-0.22	-0.55	0.53	-0.14	0.17	0.23	0.92	1.02	0.36	-0.32	0.63	0.08	-0.43	-0.45	-0.11	0.48	0.34	0.30	0.20	0.44	-0.50	-0.41	-0.11	-0.15	-0.59	0.17	0.39	-0.20	-0.96	-0.40	-0.08	0.34	1.41	2.09	1.20	-2.36	-0.97	-0.35	-0.14	-0.48	-0.24	0.07	-0.19	-0.26	-0.22	0.29
Other working capital changes	1.48	1.54	1.49	-0.09	0.53	1.62	4.55	0.82	0.69	2.64	0.39	3.96	0.90	0.30	2.85	4.61	2.45	8.38	3.27	2.58	3.27	2.51	1.08	-0.71	1.40	-1.93	0.34	0.22	-0.67	1.25	0.47	1.04	-0.26	2.27	-0.76	-0.33	0.05	0.46	-0.08	-0.25	0.01	0.31	1.29	0.28	0.65	-0.61	0.03	0.99	0.07	0.42	0.81	0.08	-0.30	0.50	0.38	1.08	0.78	0.98	0.06	-0.72	0.29	0.00	1.23	1.45	0.71	0.86	0.88	-0.20	-0.75	0.25	0.96	0.26	1.34	1.20	0.97	2.07	1.08	0.00	-0.33	0.87	1.29
Cash flow from investing +	-1.20	-1.54	-1.73	-1.92	-2.38	-2.42	-1.72	-1.26	0.36	-1.97	-3.80	-2.29	-1.07	-4.46	-1.14	-0.98	-0.62	-1.10	-0.83	-0.60	-0.47	-1.06	-0.34	-0.28	-0.55	-0.50	-0.56	-0.54	-0.30	1.48	0.50	0.29	0.11	-0.28	-0.04	-0.16	-0.05	-0.03	-0.19	-0.34	-0.51	-0.54	-0.53	-0.68	-0.67	0.19	-0.39	-0.42	-0.72	-0.66	-0.81	-0.73	-0.51	-0.73	-0.89	-0.99	-0.83	-0.69	-0.66	-0.38	-0.38	2.07	-0.01	-0.30	-0.48	-0.32	0.30	-0.22	-0.77	-0.67	-2.08	-2.89	-0.91	-0.43	-7.17	-0.99	-1.33	-0.96	-0.37	-0.96	-1.33
Capital expenditures	-1.21	-1.52	-1.76	-1.70	-1.87	-1.91	-1.70	-1.23	-1.11	-1.58	-1.52	-1.26	-0.98	-1.75	-1.11	-1.00	-0.63	-1.27	-0.84	-0.61	-0.47	-0.62	-0.38	-0.30	-0.51	-0.52	-0.56	-0.45	-0.31	-0.39	-0.35	-0.31	-0.22	-0.28	-0.18	-0.20	-0.24	-0.23	-0.29	-0.34	-0.51	-0.61	-0.54	-0.66	-0.64	-0.76	-0.46	-0.46	-0.73	-0.72	-0.79	-0.65	-0.60	-0.73	-0.93	-0.88	-0.74	-0.70	-0.66	-0.37	-0.38	-0.55	-0.37	-0.22	-0.24	-0.19	-0.29	-0.38	-0.51	-0.73	-1.05	-0.52	-0.45	-0.44	-0.55	-0.63	-0.75	-0.50	-0.63	-0.55	-0.53
Others incl. marketable securities changes	0.00	-0.02	0.03	-0.22	-0.51	-0.51	-0.02	-0.03	1.47	-0.40	-2.28	-1.02	-0.09	-2.71	-0.03	0.02	0.01	0.17	0.01	0.01	0.00	-0.44	0.04	0.02	-0.04	0.02	0.00	-0.09	0.01	1.87	0.85	0.59	0.33	0.00	0.13	0.04	0.19	0.20	0.10	0.00	0.00	0.07	0.01	-0.02	-0.04	0.96	0.07	0.04	0.00	0.06	-0.02	-0.08	0.09	0.00	0.04	-0.11	-0.09	0.00	0.00	-0.01	0.00	2.62	0.37	-0.08	-0.24	-0.13	0.59	0.16	-0.26	0.06	-1.04	-2.38	-0.47	0.01	-6.61	-0.36	-0.58	-0.46	0.26	-0.40	-0.80
Cash flow from financing +	-0.72	-5.38	-0.10	3.17	0.59	-1.42	-0.84	0.09	-0.52	-0.93	-0.53	-1.95	-0.72	-3.42	-1.93	-2.59	-0.31	-6.54	-0.90	-0.96	-1.59	-0.88	-2.02	0.21	0.20	1.02	-0.56	-0.20	-0.27	-3.00	-0.49	-0.73	-0.03	-2.85	-0.63	-0.11	-0.46	-0.51	-0.07	-0.74	-1.02	-0.84	-1.70	-0.22	-0.08	-0.81	-0.19	0.08	0.40	-0.15	-0.28	-0.05	-0.32	-0.67	-0.42	0.15	-0.09	-0.43	0.28	1.38	-0.50	-2.48	-2.72	-0.62	-0.57	-1.43	-2.16	-0.56	-0.78	-1.25	0.14	4.37	-0.66	-0.40	6.58	-0.53	-0.57	0.72	-0.23	-0.04	-0.08
Dividend payout	-0.19	-0.57	-0.25	-0.26	-0.20	-0.64	-0.25	-0.59	-0.17	-0.83	-0.75	-0.77	-0.33	-3.48	-1.20	-0.87	-0.34	-3.28	-0.92	-0.70	-0.44	-0.20	0.00	0.00	-0.07	-0.07	-0.12	-0.13	-0.17	-0.22	-0.21	-0.12	-0.06	-0.05	-0.03	0.00	0.00	-0.03	-0.05	-0.05		-0.07	-0.07	-0.09	-0.12	-0.12	-0.10	-0.11	-0.12	-0.19	-0.16	-0.05	-0.04	-0.11	-0.16	-0.10	-0.15	-0.21	-0.14	-0.11	-0.09	-0.06	-0.24	-0.44	-0.28	-0.19	-0.03	0.00	-0.11	-0.64	-0.35	-0.42	-0.24	-0.23	-0.11	-0.47	-0.37	-0.18	-0.14	-0.43	-0.21
Common stock repurchases	-0.21	-0.18	-0.21	-0.49	-0.28	-0.84	-0.35	0.00	0.00	0.00	0.00			-0.16	-0.60	-0.31										0.00	0.00	0.00	0.00	-0.09	-0.09	0.00	-0.15					-0.03	-0.10	-0.10		-0.13		-0.03	-0.16	0.01				0.04		0.00	0.00	0.00	0.01	-0.01	-0.05	0.00	-0.01	0.00	-0.07	0.00	0.00	0.00	-0.04	-0.01	-0.01										0.00	0.00	-0.03	-0.03
Net Debt Issuance	-0.33	-4.62	0.36	3.92	1.08	0.07	-0.24	0.67	-0.34	-0.10	0.22	-1.17	-0.39	0.22	-0.13	-1.41	0.03	-3.26	0.03	-0.26	-1.15	-0.68	-2.02	0.21	0.27	1.09	-0.45	-0.07	-0.10	-2.68	-0.19	-0.62	0.18	-2.80	-0.60	-0.11	-0.46	-0.44	0.07	-0.59	-1.02	-0.63	-1.63	-0.10	0.20	-0.70	-0.09	0.19	0.52	0.00	-0.12	-0.01	-0.28	-0.56	-0.27	0.27	0.11	-0.22	0.43	1.49	-0.35	-2.42	-2.49	-0.18	-0.24	-1.24	-2.12	-0.56	-0.67	-0.61	0.49	4.79	-0.42	-0.17	6.69	-0.06	-0.20	0.90	-0.06	0.42	0.13

Change in cash	-0.41	-3.77	1.09	2.26	-0.89	-1.06	3.27	0.76	0.68	0.71	-1.99	-1.01	0.17	-6.16	0.18	0.29	1.39	0.18	0.85	-1.01	-0.49	0.66	0.12	0.10	0.81	0.36	0.49	-0.19	-0.93	0.20	0.04	0.00	-0.12	-0.84	-0.91	-0.29	-0.47	1.14	0.11	-0.53	-0.61	0.57	0.75	0.39	0.19	0.00	0.09	0.78	-0.16	0.08	0.74	0.13	-0.36	-0.23	-0.01	0.21	-0.10	0.21	-0.04	0.13	0.03	0.47	-1.23	0.07	-0.27	-0.54	-0.24	0.88	0.27	-0.17	-0.32	0.11	0.05	0.82	0.31	0.15	-0.20	0.04	-0.60	-0.16	0.59
Change in exchange rate																										0.00	0.00	0.00	0.00	0.00	0.00	0.00

about 22 hours ago

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GERDAU S.A.

Income Statement - GERDAU S.A. (GGB)

Income Statement - GERDAU S.A. (GGB)

Balance Sheet - GERDAU S.A. (GGB)

Balance Sheet - GERDAU S.A. (GGB)

Cash Flow - GERDAU S.A. (GGB)

Cash Flow - GERDAU S.A. (GGB)