For instance, the 6 Brazilian Companies with the highest stock market capitalization report their financial statements to the US SEC.
Altogether there were 9 Brazilian Companies with market caps now above 40 Bil Brazilian real which reported their financial statements to the US SEC. Of those nine, seven of them report their financial statements in Brazilian real.
From a review of company financial statements in the US SEC website, along with a review of Google's fine financial website, below are the Audited Earnings (Losses) From Continuing Operations for each fiscal year (FYE) from 2007 through 2016 for each of these 7 Brazilian Companies:
|Largest Brazilian Companies||Recent||Net||Net||Net||Net||Net||Net||Net||Net||Net||Net|
|Reporting With US SEC||2016||Income||Income||Income||Income||Income||Income||Income||Income||Income||Income|
|Reporting in Brazilian Real (BRs)||FYE||(Loss)||(Loss)||(Loss)||(Loss)||(Loss)||(Loss)||(Loss)||(Loss)||(Loss)||(Loss)|
|mil BRs||mil BRs||mil BRs||mil BRs||mil BRs||mil BRs||mil BRs||mil BRs||mil BRs||mil BRs|
|Itau Unibanco Holding SA||Dec||23,582||26,156||21,861||16,522||13,191||14,610||12,494||14,612||4,878||7,660|
|Banco Bradesco SA||Dec||17,993||18,238||15,416||12,486||11,352||11,089||10,052||8,301||7,149||7,945|
|Banco Santander (Brasil) SA||Dec||7,465||9,834||5,708||3,785||5,438||7,673||7,323||5,508||2,379||1,903|
|Telefonica Brasil SA||Dec||4,085||3,420||4,937||3,716||4,452||4,362||2,398||2,204||2,500||2,370|
|Ultrapar Participacoes SA||Dec||1,571||1,513||1,251||1,229||1,027||860||761||441||420||335|
|Total all 7 Reporting in mil BRs||67,412||74,988||63,670||50,157||46,724||48,457||41,304||37,173||22,428||25,585|
|2016 Total Earnings % Below 2015||-10%|
It should be pointed out the the above upward total earnings pattern from 2008 to 2015 is misleading since inflation rates in Brazil have been substantially higher than those in the US.