Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data NATIONAL STEEL CO files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2007
FY2009
FY2009
Cost of revenue
3,076
3,602
3,250
Gross profit
2,441
3,585
1,764
Selling, general and administrative
185
219
208
Operating expenses
580
741
600
Operating income
1,861
2,844
1,164
Other non-operating income
300
97
-475
Pre-tax income
2,161
2,941
689
Income tax
534
414
219
Net income to minority interests
0
0
2
Net income
1,703
2,654
1,281
EBITDA
1,464
2,503
821
EPS, basic
1.11
1.73
0.86
EPS, diluted
1.11
1.73
0.86
Shares, basic (weighted)
1,539,489
1,534,067
1,492,453
Shares, diluted (weighted)
1,539,489
1,534,067
1,492,453
Dividend per share
0.36
0.93
0.81
Balance sheet
FY2007
FY2009
FY2009
Cash and equivalents
1,213
3,542
3,981
Inventory
1,165
1,325
Other current assets
117
96
Total current assets
7,307
6,841
Property, plant and equipment
3,543
5,616
Goodwill
127
168
Other non-current assets
128
80
Total assets
15,709
19,188
Accounts payable
0
114
Accrued liabilities
68
108
Total current liabilities
3,813
2,091
Other non-current liabilities
103
128
Total liabilities
12,393
14,924
Treasury stock
-326
-649
Other comprehensive income
-1,470
72
Shareholders' equity
3,316
4,264
Total equity
3,316
4,264
Total liabilities and equity
15,709
19,188
Cash flow statement
FY2007
FY2009
FY2009
Net income
1,703
2,654
1,281
Depreciation and amortization
-397
-341
-343
Deferred income tax
-85
-201
52
Change in receivables
-152
137
-99
Change in inventory
-97
408
-267
Change in payables
-54
336
-728
Cash from operations
1,264
2,067
40
Capital expenditures
-632
-886
-930
Acquisitions
-348
0
0
Purchases of investments
437
0
0
Cash from investing
-1,091
-1,292
-829
Debt issued
1,659
1,630
4,053
Debt repaid
-1,397
-919
-1,428
Cash from financing
-122
1,867
872
Exchange rate effect
203
-313
356
Net change in cash
254
2,329
439
Free cash flow
632
1,181
-890
Key metrics
Worked out from the statements above. Latest values use fiscal 2009. Valuation uses the share price of $1.10 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Effective tax rate
31.8%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
33.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
7.3%
Net income / average total assets.
Return on invested capital (ROIC)
2,786.0%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Growth
Metric
Value
How it is calculated
Gross profit growth, 1y
-50.8%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
-59.1%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-67.2%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-51.7%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-50.3%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-98.1%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-175.4%
Free cash flow vs the same period a year earlier. Only from a positive base.
Dividend per share growth, 1y
-12.9%
Dividend per share vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
28.6%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
22.1%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
-2.7%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
3.27x
Current assets / current liabilities.
Quick ratio
1.90x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.90x
(Cash + short-term investments) / current liabilities.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
2,325.0%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.86
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$0.86
Net income per basic share, as reported (split-adjusted).
FCF per share
-$0.00
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.00
Cash from operations / diluted weighted shares.
Book value per share
$0.00
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividend declared per common share (paid, when declared is not tagged).
Valuation
Metric
Value
How it is calculated
Market cap
$1.46B
Share price x shares outstanding.
Enterprise value
-$2.52B
Market cap + total debt - cash - short-term investments.
P/E
1.14x
Market cap / net income. Only when net income is positive.
P/B
0.34x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.36x
Market cap / tangible book value, when positive.
P/OCF
36.5x
Market cap / cash from operations, when positive.
FCF yield
-61.0%
Free cash flow / market cap.
Earnings yield
87.8%
Net income / market cap (the inverse of P/E).
Was NATIONAL STEEL CO profitable in fiscal 2009?
Yes. Net income was $1.28B, a net margin of -.
How much free cash flow did NATIONAL STEEL CO generate in fiscal 2009?
Cash from operations of $40.0M minus capital expenditures of $930.0M left free cash flow of -$890.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.