ArcelorMittal financials
Also U.S.-listed. ArcelorMittal is also a foreign private issuer filing with the U.S. SEC. View its EDGAR financials: MT — ArcelorMittal
ArcelorMittal
Country: LU Reporting currency: USD Latest annual report: 2024-12-31
LEI:
2EULGUTUI56JI9SAL165 Financial statements
(USD, as reported — unscaled; 126 line items across 3 annual periods)
| Line item | 2024 | 2023 | 2022 |
|---|---|---|---|
| Income statement | |||
| Cost of sales | $56.65B | $63.54B | $67.31B |
| Gross profit | $5.79B | $4.74B | $12.54B |
| Operating profit (EBIT) | $3.31B | $2.34B | $10.27B |
| Net finance income / (cost) | -$1.17B | -$859.0M | -$334.0M |
| Profit before tax | $2.92B | $1.26B | $11.26B |
| Income tax expense | $1.53B | $238.0M | $1.72B |
| Profit for the year | $1.38B | $1.02B | $9.54B |
| — attributable to owners | $1.34B | $919.0M | $9.30B |
| — attributable to NCI | $41.0M | $103.0M | $236.0M |
| Total comprehensive income | -$3.10B | $2.30B | $7.70B |
| Per share | |||
| Basic EPS | $1.70 | $1.09 | $10.21 |
| Diluted EPS | $1.69 | $1.09 | $10.18 |
| Free cash flow / share | $0.57 | $3.59 | $7.37 |
| Cash flow statement | |||
| Net cash from operating activities | $4.85B | $7.64B | $10.20B |
| Net cash from investing activities | -$4.99B | -$5.85B | -$4.48B |
| Net cash from financing activities | -$680.0M | -$3.67B | -$477.0M |
| Dividends paid | $580.0M | $531.0M | $663.0M |
| Lease liability payments | $203.0M | $253.0M | $160.0M |
| Net change in cash | -$815.0M | -$1.87B | $5.24B |
| Balance sheet | |||
| Total assets | $89.39B | $93.92B | — |
| Non-current assets | $60.00B | $60.68B | — |
| Intangible assets & goodwill | $4.45B | $5.10B | — |
| Current assets | $29.38B | $33.24B | — |
| Inventories | $16.50B | $18.76B | — |
| Trade & other receivables | $3.38B | $3.66B | — |
| Cash & equivalents | $6.40B | $7.69B | $9.30B |
| Total equity | $51.29B | $56.07B | $55.59B |
| — attributable to owners | $49.22B | $53.96B | — |
| Non-controlling interests | $2.06B | $2.11B | — |
| Non-current liabilities | $16.27B | $16.08B | — |
| Long-term borrowings | $8.81B | $8.37B | — |
| Current liabilities | $21.82B | $21.77B | — |
| Trade & other payables | $12.92B | $13.61B | — |
| Deferred tax liabilities | $2.34B | $2.43B | — |
| Derived metrics | |||
| Free cash flow | $447.0M | $3.03B | $6.74B |
| Operating margin | 5.3% | 3.4% | 12.9% |
| Net margin | 2.2% | 1.5% | 11.9% |
| Return on equity | 2.7% | 1.8% | 17.2% |
| Cash conversion ratio | 3.52× | 7.48× | 1.07× |
| Capex coverage | 1.10× | 1.66× | 2.94× |
| Other reported items | |||
| Additional Paidin Capital | $27.19B | $27.18B | — |
| Adjusted Weighted Average Shares | 791.0M | 845.0M | 914.0M |
| Adjustments For Decrease Increase In Inventories | $238.0M | $1.57B | -$2.06B |
| Adjustments For Decrease Increase In Trade Account Receivable | -$192.0M | $307.0M | $1.13B |
| Adjustments For Depreciation and Amortisation Expense | $2.63B | $2.67B | $2.58B |
| Adjustments For Gain Loss On Disposal of Investments In Subsidiaries Joint Ventures and Associates | $0 | -$1.47B | $0 |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | $116.0M | $1.04B | $1.03B |
| Adjustments For Income Tax Expense | $1.53B | $238.0M | $1.72B |
| Adjustments For Increase Decrease In Employee Benefit Liabilities | $166.0M | $249.0M | $176.0M |
| Adjustments For Increase Decrease In Trade Account Payable | $56.0M | -$271.0M | -$294.0M |
| Adjustments For Interest Expense | $510.0M | $715.0M | $401.0M |
| Adjustments For Interest Income | $400.0M | $570.0M | $188.0M |
| Adjustments For Unrealised Foreign Exchange Losses Gains | $639.0M | $409.0M | -$82.0M |
| Cancellation of Treasury Shares | — | $0 | $0 |
| Cash Flows From Losing Control of Subsidiaries Or Other Businesses Classified As Investing Activities | $0 | $254.0M | $0 |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | $184.0M | $2.52B | $939.0M |
| Cash Receipts From Repayment of Advances and Loans Made To Other Parties Classified As Investing Activities | $111.0M | $0 | $0 |
| Comprehensive Income Attributable To Noncontrolling Interests | -$49.0M | $119.0M | $186.0M |
| Comprehensive Income Attributable To Owners of Parent | -$3.05B | $2.18B | $7.52B |
| Cumulative Gain Loss On Disposal of Investments In Equity Instruments Designated As Measured At Fair Value Through Other Comprehensive Income | — | -$315.0M | $233.0M |
| Current Accrued Expenses and Other Current Liabilities | $4.74B | $4.97B | — |
| Current Borrowings and Current Portion of Noncurrent Borrowings | $2.75B | $2.31B | — |
| Current Prepayments and Other Current Assets | $3.02B | $3.04B | — |
| Current Provisions | $938.0M | $588.0M | — |
| Current Restricted Cash and Cash Equivalents | $84.0M | $97.0M | — |
| Current Tax Liabilities Current | $480.0M | $297.0M | — |
| Deferred Tax Assets | $8.94B | $9.47B | — |
| Dividends Paid To Noncontrolling Interests | $187.0M | $162.0M | $331.0M |
| Dividends Received Classified As Operating Activities | $295.0M | $316.0M | $493.0M |
| Dividends Recognised As Distributions To Owners Per Share | — | $0.50 | $0.44 |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -$471.0M | $255.0M | -$158.0M |
| Equity and Liabilities | $89.39B | $93.92B | — |
| Gains Losses On Cash Flow Hedges Before Tax | -$297.0M | -$461.0M | $1.66B |
| Gains Losses On Exchange Differences On Translation Before Tax | -$3.33B | $1.01B | -$1.63B |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | -$103.0M | -$16.0M | $112.0M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss | $17.0M | -$18.0M | $193.0M |
| Income Taxes Paid Refund Classified As Operating Activities | $763.0M | $977.0M | $2.94B |
| Increase Decrease In Net Assets Available For Benefits | $241.0M | $248.0M | $228.0M |
| Increase Decrease Through Change In Equity of Subsidiaries | $0 | $0 | $0 |
| Increase Decrease Through Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss of Control | $172.0M | — | — |
| Increase Decrease Through Conversion of Convertible Instruments | — | $231.0M | — |
| Increase Decrease Through Sharebased Payment Transactions | $37.0M | $39.0M | $38.0M |
| Increase Decrease Through Transfers and Other Changes Equity | -$6.0M | -$13.0M | $22.0M |
| Interest Paid Classified As Operating Activities | $799.0M | $788.0M | $440.0M |
| Interest Received Classified As Operating Activities | $358.0M | $553.0M | $178.0M |
| Investment Accounted For Using Equity Method | $11.42B | $10.08B | — |
| Issued Capital | $303.0M | $303.0M | — |
| Liabilities | $38.10B | $37.85B | — |
| Noncurrent Investments In Equity Instruments Designated At Fair Value Through Other Comprehensive Income | $299.0M | $513.0M | — |
| Noncurrent Provisions For Employee Benefits | $2.34B | $2.74B | — |
| Number of Shares Authorised | 1111.4M | 1111.4M | — |
| Number of Shares Issued | 852.8M | 852.8M | — |
| Number of Shares Outstanding | 768.5M | 819.3M | — |
| Other Comprehensive Income | -$4.48B | $1.27B | -$1.83B |
| Other Comprehensive Income Attributable To Noncontrolling Interests | -$90.0M | $16.0M | -$50.0M |
| Other Comprehensive Income Attributable To Owners of Parent | -$4.39B | $1.26B | -$1.78B |
| Other Comprehensive Income Before Tax Cash Flow Hedges | -$712.0M | -$446.0M | -$235.0M |
| Other Comprehensive Income Before Tax Exchange Differences On Translation | -$3.33B | $2.48B | -$1.63B |
| Other Comprehensive Income Before Tax Gains Losses From Investments In Equity Instruments | $10.0M | -$113.0M | -$27.0M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | $117.0M | -$103.0M | $815.0M |
| Other Inflows Outflows of Cash Classified As Investing Activities | -$125.0M | -$170.0M | -$139.0M |
| Other Longterm Provisions | $1.36B | $1.48B | — |
| Other Noncurrent Assets | $1.58B | $1.86B | — |
| Other Noncurrent Liabilities | $1.42B | $1.06B | — |
| Other Reserves | -$23.41B | -$18.94B | — |
| Payments To Acquire Or Redeem Entitys Shares | $1.30B | $1.21B | $2.94B |
| Proceeds From Contributions of Noncontrolling Interests | $172.0M | $0 | $0 |
| Proceeds From Current Borrowings | $257.0M | $218.0M | $434.0M |
| Proceeds From Noncurrent Borrowings | $2.23B | $134.0M | $3.89B |
| Purchase of Interests In Investments Accounted For Using Equity Method | $1.17B | $73.0M | $0 |
| Purchase of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | $4.41B | $4.61B | $3.47B |
| Purchase of Treasury Shares | $1.30B | $1.21B | $2.94B |
| Purchases of Goods Related Party Transactions | $2.00B | $2.05B | $2.30B |
| Reclassification Adjustments On Cash Flow Hedges Before Tax | $415.0M | -$15.0M | $1.90B |
| Reclassification Adjustments On Exchange Differences On Translation Before Tax | $0 | -$1.47B | $0 |
| Repayments of Current Borrowings | $1.19B | $1.67B | $1.04B |
| Repayments of Noncurrent Borrowings | $61.0M | $16.0M | $0 |
| Retained Earnings | $47.25B | $46.26B | — |
| Revenue From Contracts With Customers | $62.44B | $68.28B | $79.84B |
| Revenue From Sale of Goods Related Party Transactions | $7.76B | $8.82B | $9.74B |
| Selling General and Administrative Expense | $2.48B | $2.40B | $2.26B |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Before Tax | -$668.0M | -$590.0M | -$460.0M |
| Trade and Other Current Payables To Related Parties | $291.0M | $360.0M | — |
| Trade and Other Current Receivables Due From Related Parties | $322.0M | $372.0M | — |
| Treasury Shares | $2.12B | $849.0M | — |
| Weighted Average Shares | 788.0M | 842.0M | 911.0M |
Methodology
Every line item above is a fact tagged in ArcelorMittal's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (USD), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.