XML 21 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Statements of Cash Flows - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flow from operating activities      
Profit before income tax and social contribution R$ 1,326,002 R$ 4,677,942 R$ 3,912,319
Adjustments for:      
Depreciation and amortization 2,037,112 1,780,094 1,392,541
Residual value of property, plant and equipment, intangible assets and investment properties written-off 16,590 45,434 24,974
Bad debt expense 444,826 128,099 165,433
Agreement signed with the municipality of Maua (280,774) 0 0
Agreement signed with the municipality of Santo Andre 0 (1,336,908) 0
Agreement signed with the municipality of Guarulhos 0 0 (928,014)
Provisions and inflation adjustment 444,090 384,620 111,940
Interest calculated on borrowings and financing payable 559,931 568,679 563,902
Inflation adjustment and exchange gains (losses) on borrowings and financing 2,267,179 280,526 982,072
Interest and inflation adjustment on liabilities 20,931 46,038 30,103
Interest and inflation adjustment on assets (46,946) (39,547) (64,046)
Finance charges from customers (344,513) (364,291) (289,321)
Construction margin on intangible assets arising from concession agreements (86,477) (65,172) (63,013)
Provision for Consent Decree (TAC) and Knowledge Retention Program (PRC) 1,684 (130,345) 80,245
Share of profit of investees (14,136) (3,701) (6,510)
Interest and monetary restatement (PPP) 424,639 397,576 0
Provision from Sao Paulo agreement 142,232 135,013 135,735
Pension plan obligations 136,585 267,423 243,569
Other adjustments 5,283 5,863 33,349
Total adustments 7,054,238 6,777,343 6,325,278
Changes in assets      
Trade receivables (213,084) (72,538) (71,679)
Accounts receivable from related parties 83,419 26,358 39,919
Inventories (34,394) (4,858) 20,075
Recoverable taxes (342,127) 239,437 (104,118)
Escrow deposits 35,630 (12,302) (1,639)
Other receivables (36,264) (1,966) 11,760
Changes in liabilities      
Trade payables and contractors (248,404) (349,037) (176,826)
Services payable (162,560) (114,957) (89,988)
Accrued payroll and related taxes (185,020) 159,794 (103,488)
Taxes and contributions payable 384,676 63,276 (4,829)
Deferred Cofins/PASEP 5,751 2,863 10,648
Provisions (227,596) (241,674) (297,282)
Pension obligations (123,014) (221,784) (217,000)
Other liabilities (13,306) (92,637) 122,214
Cash generated from operations 5,977,945 6,157,318 5,463,045
Interest paid (626,625) (737,326) (732,048)
Income tax and social contribution paid (373,112) (1,222,747) (888,077)
Net cash generated from operating activities 4,978,208 4,197,245 3,842,920
Cash flows from investing activities      
Acquisition of contract assets and intangible assets (3,299,657) (3,195,247) (2,132,559)
Restricted cash (9,724) 5,882 (13,078)
Financial investments (3,411,146) 0 0
Investment increase/(decrease) (5,734) 240 (1,136)
Purchase of property, plant and equipment (42,407) (78,159) (50,645)
Dividends received 0 0 8,131
Net cash used in investing activities (6,768,668) (3,267,284) (2,189,287)
Borrowings and financing      
Proceeds from loans 4,777,474 1,793,388 1,634,553
Payment of loans (3,244,099) (2,148,198) (1,678,748)
Payment of interest on capital (890,095) (739,996) (653,393)
Public-Private Partnership - PPP (543,346) (548,079) (178,333)
Program Contract Commitments (166,283) (63,057) (31,568)
Net cash used in financing activities (66,349) (1,705,942) (907,489)
Increase / (decrease) in cash and cash equivalents (1,856,809) (775,981) 746,144
Represented by :      
Cash and cash equivalents at the beginning of the year 2,253,210 3,029,191 2,283,047
Cash and cash equivalents at the end of the year 396,401 2,253,210 3,029,191
Increase / (decrease) in cash and cash equivalents R$ (1,856,809) R$ (775,981) R$ 746,144