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CONSOLIDATED STATEMENTS OF INCOME/(LOSS) - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CONSOLIDATED STATEMENTS OF INCOME/(LOSS)      
NET SALES R$ 46,159,478 R$ 36,917,619 R$ 37,651,667
Cost of sales (40,010,100) (33,312,995) (34,187,941)
GROSS PROFIT 6,149,378 3,604,624 3,463,726
Selling expenses (570,431) (524,965) (710,766)
Impairment loss on trade receivables (9,914)    
General and administrative expenses (1,082,449) (1,129,943) (1,528,262)
Other operating income 235,421 260,618 242,077
Other operating expenses (270,413) (168,887) (114,230)
Impairment of non-financial assets   (1,114,807) (2,917,911)
Gains and losses on assets held for sale and sales of interest in subsidiaries (414,507) (721,682) (58,223)
Reversal of provision for tax liabilities, net   929,711  
Equity method investees 10,141 (34,597) (12,771)
INCOME (LOSS) BEFORE FINANCIAL INCOME (EXPENSES) AND TAXES 4,047,226 1,100,072 (1,636,360)
Financial income 204,000 226,615 252,045
Financial expenses (1,579,341) (1,726,284) (2,010,005)
Bonds Repurchases expenses (223,925)    
Exchange variations, net (322,621) (4,057) 851,635
Reversal of interest on provision for tax liabilities, net   369,819  
Gains and losses on derivative financial instruments, net 32,092 (9,441) (38,930)
INCOME (LOSS) BEFORE TAXES 2,157,431 (43,276) (2,581,615)
Income and social contribution taxes      
Current (629,209) (313,758) (110,511)
Deferred 798,160 18,367 (193,803)
Income and social contribution taxes 168,951 (295,391) (304,314)
NET INCOME (LOSS) 2,326,382 (338,667) (2,885,929)
ATTRIBUTABLE TO:      
Owners of the parent 2,303,868 (359,360) (2,890,811)
Non-controlling interests 22,514 20,693 4,882
NET INCOME (LOSS) R$ 2,326,382 R$ (338,667) R$ (2,885,929)
EARNINGS PER SHARE      
Basic earnings/(loss) per share - preferred and common - (R$) R$ 1.35 R$ (0.21) R$ (1.70)
Diluted earnings/(loss) per share - preferred and common - (R$) R$ 1.34 R$ (0.21) R$ (1.70)