ArcelorMittal : CAPITALIZATION AND INDEBTEDNESS - Form 6-K
April 08, 2024 at 06:16 am EDT
Share
CAPITALIZATION AND INDEBTEDNESS
The following table sets out the consolidated capitalization and indebtedness of ArcelorMittal as of December 31, 2023. You should read this table together with the Group's consolidated financial statements and other financial data appearing in its annual report on Form 20-F for the year ended December 31, 2023.
As of December 31, 2023
(amounts in U.S.$ millions)
Actual
Short-term debt and current portion of long-term debt
2,312
Secured and Unguaranteed
381
Guaranteed and Unsecured
119
Secured and Guaranteed
0
Unsecured/Unguaranteed
1,812
Long-term debt, net of current portion
8,369
Secured and Unguaranteed
948
Guaranteed and Unsecured
114
Secured and Guaranteed
0
Unsecured/Unguaranteed
7,306
Non-controlling interests
2,107
Equity attributable to the equity holders of the parent
53,961
Common shares
303
Treasury shares
(849
)
Additional paid-in capital
27,185
Retained earnings
46,264
Reserves(a)
(18,942
)
Total shareholders' equity
56,068
Total capitalization (Total shareholder's equity plus Short-term debt plus Long-term debt)
66,750
(a) Includes foreign currency translation adjustments of -$18.4 billion, unrealized gains on derivative financial instruments relating to CFH (Cash Flow Hedge) of $2.0 billion, unrealized losses on investments in equity instruments at fair value through other comprehensive income of $4 million, and recognized actuarial losses of $2.5 billion.
Except as disclosed herein, there have been no material changes in the consolidated capitalization and indebtedness and contingent liabilities of ArcelorMittal since December 31, 2023.
During the period January 1, 2024 to April 8, 2024, ArcelorMittal has repurchased 22.5 million shares for total consideration of approximately $600 million, in accordance with its announced share buyback program.
During the period January 1, 2024 to April 8, 2024, total short-term debt and current portion of long-term debt decreased following the repayment of €529 million of bonds maturing on January 17, 2024.
During the period January 1, 2024 to April 8, 2024, ArcelorMittal guaranteed an additional $86 million of debt of its operating subsidiaries.
As of December 31, 2023, ArcelorMittal had $5.4 billion of indebtedness available to be drawn under a revolving credit facility, all of which would be unsecured.
2
Attachments
Original Link
Permalink
Disclaimer
ArcelorMittal SA published this content on
08 April 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
08 April 2024 10:15:24 UTC.
ArcelorMittal is No. 1 worldwide for steelmaking. Net sales break down by activity as follows:
- sale of carbon flat steel (56.6%): spools of hot and cold rolled laminated steel, coated sheets, etc.;
- sale of carbon long steel (20.7%): I-beams, concrete rounds, merchant steels, machine wire, saw wire, steel pilings, mass transit rails, special profiles, and wire drawing products;
- sale of tubular products (3.2%);
- sale of iron ore and coal (1.8%);
- other (17.7%): primarily steel processing, distribution and trading.
The group's products are primarily intended for the following sectors: automotive, household appliances, packaging and construction.
Net sales are distributed geographically as follows: Germany (9.6%), Poland (6.5%), France (6.8%), Spain (5.8%), Europe (23.7%), United States (13%), Americas ( 25.4%), Asia and Africa (9.2%).