XML 34 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Statements of Cash Flows-Indirect Method - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income for the year R$ 1,132,320 R$ 1,525,865 R$ 1,546,816
Adjustments to reconcile net income to cash provided by operating activities      
Share of loss (profit) of joint ventures and associates 14,779 (20,673) (7,476)
Amortization of contractual assets with customers - exclusive rights 371,825 463,049 463,490
Depreciation and amortization 812,489 704,544 628,156
PIS and COFINS credits on depreciation 15,721 13,134 12,581
Interest and foreign exchange rate variations 1,026,515 854,671 763,793
Deferred income and social contribution taxes 162,417 (109,204) (112,539)
(Gain) loss on disposal of property, plant and equipment and intangibles 22,088 2,242 6,134
Estimated losses on doubtful accounts 69,250 132,756 79,983
Provision for losses in inventories (1,498) (802) 555
Provision for post-employment benefits 4,854 13,968 7,631
Other provisions and adjustments (135) 1,539 (903)
Adjustments, total 3,630,625 3,581,089 3,388,221
(Increase) decrease in current assets      
Trade receivables and reseller financing (355,854) (725,240) (372,881)
Inventories 168,704 (606,484) (267,519)
Recoverable taxes (11,467) (334,217) 87,006
Dividends received from joint-ventures 42,436 29,411 7,925
Insurance and other receivables (14,536) 358,682 (309,725)
Prepaid expenses (37,525) (23,016) (39,980)
Increase (decrease) in current liabilities      
Trade payables 576,164 412,393 249,121
Salaries and related charges 40,074 7,149 (41,595)
Taxes payable 46,476 33,054 4,021
Income and social contribution taxes 166,527 783,663 567,286
Post-employment benefits 15,596 5,119 11,193
Provision for tax, civil, and labor risks 13,272 11,857 7,372
Insurance and other payables (59,237) (49,387) 54,026
Deferred revenue 8,159 (3,887) (2,120)
(Increase) decrease in non-current assets      
Trade receivables and reseller financing (99,622) (102,905) (74,846)
Recoverable taxes (539,539) (130,200) (47,168)
Escrow deposits (58,757) (39,795) (37,935)
Other receivables 6,350 (4,356) 13,829
Prepaid expenses (58,735) (116,735) (65,847)
Increase (decrease) in non-current liabilities      
Post-employment benefits (8,457) (759) (7,671)
Provision for tax, civil, and labor risks 11,811 (68,193) 42,428
Other payables (4,397) 87,950 (19,255)
Deferred revenue (1,046) 385 1,474
Payments of contractual assets with customers - exclusive rights (390,177) (529,732) (514,291)
Income and social contribution taxes paid (197,886) (836,808) (644,188)
Net cash provided by operating activities 2,888,959 1,739,038 1,988,881
Cash flows from investing activities      
Financial investments, net of redemptions (1,669,937) 60,859 (163,625)
Cash of companies acquired 3,662 59,863  
Acquisition of property, plant, and equipment (1,178,312) (1,302,187) (1,033,937)
Acquisition of intangible assets (237,593) (221,960) (107,644)
Acquisition of companies (103,373)    
Capital increase in joint ventures (31,908) (16,000) (47,281)
Capital reduction in associates 1,250    
Proceeds from disposal of property, plant and equipment and intangibles 38,578 47,670 28,500
Net cash used in investing activities (3,177,633) (1,371,755) (1,323,987)
Cash flows from financing activities      
Proceeds 4,461,112 4,510,694 3,676,874
Repayments (3,710,718) (2,462,200) (812,520)
Interest paid (737,564) (769,740) (1,057,580)
Payments of financial lease (5,120) (5,191) (5,016)
Dividends paid (808,603) (940,250) (873,270)
Related parties (114) 7,036 (100)
Net cash provided by (used in) financing activities (801,007) 340,349 928,388
Effect of exchange rate changes on cash and cash equivalents in foreign currency 26,628 20,214 (22,017)
Increase (decrease) in cash and cash equivalents (1,063,053) 727,846 1,571,265
Cash and cash equivalents at the beginning of the year 5,002,004 4,274,158 2,702,893
Cash and cash equivalents at the end of the year R$ 3,938,951 R$ 5,002,004 R$ 4,274,158