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Segment information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment information |
Schedule of Financial information of segments, Results | The main financial information of each of the continuing operations of the Company’s segments is as follows.
2023 |
Statement of income | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Others (1) (2) |  |  | Subtotal Segments |  |  | Eliminations |  |  | Total |
Net revenue from sales and services | 114,374,621 |  |  | 10,670,793 |  |  | 1,015,564 |  |  | 478,994 |  |  | 126,539,972 |  |  | (491,271 | ) |  | 126,048,701 |
Transactions with third parties | 114,087,604 |  |  | 10,669,365 |  |  | 815,249 |  |  | 476,483 |  |  | 126,048,701 |  |  | - |  |  | 126,048,701 |
Intersegment transactions | 287,017 |  |  | 1,428 |  |  | 200,315 |  |  | 2,511 |  |  | 491,271 |  |  | (491,271 | ) |  | - |
Cost of products and services sold | (107,929,732 | ) |  | (8,485,215 | ) |  | (355,798 | ) |  | (426,256 | ) |  | (117,197,001 | ) |  | 466,532 |  |  | (116,730,469 | )
Gross profit | 6,444,889 |  |  | 2,185,578 |  |  | 659,766 |  |  | 52,738 |  |  | 9,342,971 |  |  | (24,739 | ) |  | 9,318,232 |
Operating income (expenses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing | (1,606,134 | ) |  | (626,554 | ) |  | (11,395 | ) |  | (9,143 | ) |  | (2,253,226 | ) |  | ‐ |  |  | (2,253,226 | )
General and administrative | (1,208,306 | ) |  | (298,171 | ) |  | (167,344 | ) |  | (369,077 | ) |  | (2,042,898 | ) |  | 24,739 |  |  | (2,018,159 | )
Gain (loss) on disposal of property, plant and equipment and intangible assets | 169,276 |  |  | 13,199 |  |  | 103 |  |  | (1,587 | ) |  | 180,991 |  |  | (59,056 | ) |  | 121,935 |
Other operating income (expenses), net | (658,614 | ) |  | 20,191 |  |  | 2,335 |  |  | 33,223 |  |  | (602,865 | ) |  | ‐ |  |  | (602,865 | )
Operating income (loss) | 3,141,111 |  |  | 1,294,243 |  |  | 483,465 |  |  | (293,846 | ) |  | 4,624,973 |  |  | (59,056 | ) |  | 4,565,917 |
Share of profit (loss) of subsidiaries, joint ventures and associates | (7,508 | ) |  | 26 |  |  | 11,764 |  |  | 7,626 |  |  | 11,908 |  |  | ‐ |  |  | 11,908 |
Income (loss) before financial result and income and social contribution taxes | 3,133,603 |  |  | 1,294,269 |  |  | 495,229 |  |  | (286,220 | ) |  | 4,636,881 |  |  | (59,056 | ) |  | 4,577,825 |
Depreciation of PP&E and amortization of intangible assets | 404,831 |  |  | 291,462 |  |  | 105,274 |  |  | 39,302 |  |  | 840,869 |  |  | (492 | ) |  | 840,377 |
Amortization of contractual assets with customers - exclusivity rights | 606,036 |  |  | 1,410 |  |  | ‐ |  |  | ‐ |  |  | 607,446 |  |  | ‐ |  |  | 607,446 |
Amortization of right-of-use assets | 209,994 |  |  | 61,124 |  |  | 30,454 |  |  | 4,327 |  |  | 305,899 |  |  | ‐ |  |  | 305,899 |
Total depreciation and amortization | 1,220,861 |  |  | 353,996 |  |  | 135,728 |  |  | 43,629 |  |  | 1,754,214 |  |  | (492 | ) |  | 1,753,722 |
2022 |
Statement of income | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Others (1) (2) |  |  | Subtotal Segments |  |  | Eliminations |  |  | Total |
Net revenue from sales and services | 131,337,966 |  |  | 11,483,398 |  |  | 867,148 |  |  | 218,770 |  |  | 143,907,282 |  |  | (272,574 | ) |  | 143,634,708 |
Transactions with third parties | 131,253,637 |  |  | 11,480,697 |  |  | 684,350 |  |  | 216,024 |  |  | 143,634,708 |  |  | - |  |  | 143,634,708 |
Intersegment transactions | 84,329 |  |  | 2,701 |  |  | 182,798 |  |  | 2,746 |  |  | 272,574 |  |  | (272,574 | ) |  | - |
Cost of products and services sold | (126,569,490 | ) |  | (9,446,354 | ) |  | (340,621 | ) |  | (185,914 | ) |  | (136,542,379 | ) |  | 266,122 |  |  | (136,276,257 | )
Gross profit | 4,768,476 |  |  | 2,037,044 |  |  | 526,527 |  |  | 32,856 |  |  | 7,364,903 |  |  | (6,452 | ) |  | 7,358,451 |
Operating income (expenses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing | (1,552,636 | ) |  | (576,087 | ) |  | (12,701 | ) |  | (561 | ) |  | (2,141,985 | ) |  | ‐ |  |  | (2,141,985 | )
General and administrative | (828,753 | ) |  | (257,315 | ) |  | (134,208 | ) |  | (320,657 | ) |  | (1,540,933 | ) |  | 6,452 |  |  | (1,534,481 | )
Gain (loss) on disposal of property, plant and equipment and intangible assets | 168,709 |  |  | (1,381 | ) |  | (887 | ) |  | 2,848 |  |  | 169,289 |  |  | ‐ |  |  | 169,289 |
Other operating income (expenses), net | (525,966 | ) |  | 6,235 |  |  | 3,330 |  |  | 1,879 |  |  | (514,522 | ) |  | ‐ |  |  | (514,522 | )
Operating income | 2,029,830 |  |  | 1,208,496 |  |  | 382,061 |  |  | (283,635 | ) |  | 3,336,752 |  |  | ‐ |  |  | 3,336,752 |
Share of profit (loss) of subsidiaries, joint ventures and associates | (10,052 | ) |  | 13 |  |  | (3,880 | ) |  | 26,100 |  |  | 12,181 |  |  | ‐ |  |  | 12,181 |
Income (loss) before financial result and income and social contribution taxes | 2,019,778 |  |  | 1,208,509 |  |  | 378,181 |  |  | (257,535 | ) |  | 3,348,933 |  |  | ‐ |  |  | 3,348,933 |
Depreciation of PP&E and amortization of intangible assets | 353,962 |  |  | 239,204 |  |  | 94,337 |  |  | 44,738 |  |  | 732,241 |  |  | ‐ |  |  | 732,241 |
Amortization of contractual assets with customers - exclusivity rights | 503,751 |  |  | 1,502 |  |  | - |  |  | ‐ |  |  | 505,253 |  |  | (346 | ) |  | 504,907 |
Amortization of right-of-use assets | 191,178 |  |  | 56,177 |  |  | 37,124 |  |  | 3,940 |  |  | 288,419 |  |  | ‐ |  |  | 288,419 |
Total depreciation and amortization | 1,048,891 |  |  | 296,883 |  |  | 131,461 |  |  | 48,678 |  |  | 1,525,913 |  |  | (346 | ) |  | 1,525,567 |
| 2021 |
Income | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Abastece aí |  |  | Subtotal |  |  | Others (1) (2) |  |  | Elimination |  |  | Total |
Net revenue from sales and services | 99,382,617 |  |  | 9,744,659 |  |  | 713,096 |  |  | 84,733 |  |  | 109,925,105 |  |  | 22,452 |  |  | (214,715 | ) |  | 109,732,842 |
Transactions with third parties | 99,382,547 |  |  | 9,740,657 |  |  | 518,762 |  |  | 84,733 |  |  | 109,726,699 |  |  | 6,143 |  |  | - |  |  | 109,732,842 |
Intersegment transactions | 70 |  |  | 4,002 |  |  | 194,334 |  |  | - |  |  | 198,406 |  |  | 16,309 |  |  | (214,715) |  |  | - |
Cost of products and services sold | (96,110,408 | ) |  | (8,626,340 | ) |  | (285,406 | ) |  | - |  |  | (105,022,154 | ) |  | 70 |  |  | 194,118 |  |  | (104,827,966 | )
Gross profit | 3,272,209 |  |  | 1,118,319 |  |  | 427,690 |  |  | 84,733 |  |  | 4,902,951 |  |  | 22,522 |  |  | (20,597 | ) |  | 4,904,876 |
Operating income (expenses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing | (1,409,350 | ) |  | (438,697 | ) |  | (9,213 | ) |  | (71,345 | ) |  | (1,928,605 | ) |  | (6,184 | ) |  | - |  |  | (1,934,789 | )
Loss allowance (reversion) for expected credit losses | 23,536 |  |  | (20,482 | ) |  | 69 |  |  | - |  |  | 3,123 |  |  | - |  |  | - |  |  | 3,123 |
General and administrative | (846,441) |  |  | (202,002 | ) |  | (127,117 | ) |  | (113,544 | ) |  | (1,289,104 | ) |  | (198,044 | ) |  | 20,597 |  |  | (1,466,551 | )
Gain (loss) on disposal of property, plant and equipment and intangibles | 183,862 |  |  | 2,138 |  |  | (1,754 | ) |  | (9 | ) |  | 184,237 |  |  | (48 | ) |  | - |  |  | 184,189 |
Other operating income, net | 74,574 |  |  | 10,976 |  |  | 3,876 |  |  | 5,159 |  |  | 94,585 |  |  | 1,581 |  |  | - |  |  | 96,166 |
Operating income (loss) | 1,298,390 |  |  | 470,252 |  |  | 293,551 |  |  | (95,006 | ) |  | 1,967,187 |  |  | (180,173 | ) |  | - |  |  | 1,787,014 |
Share of profit (loss) of subsidiaries, joint ventures and associates | (859 | ) |  | (104 | ) |  | 602 |  |  | - |  |  | (361 | ) |  | (17,273 | ) |  | - |  |  | (17,634 | )
Operating income before finance income (expenses) and income and social contribution taxes | 1,297,531 |  |  | 470,148 |  |  | 294,153 |  |  | (95,006 | ) |  | 1,966,826 |  |  | (197,446 | ) |  | - |  |  | 1,769,380 |
Depreciation of PP&E and amortization of intangible assets charges | 325,942 |  |  | 211,014 |  |  | 76,421 |  |  | 14,365 |  |  | 627,742 |  |  | 25,376 |  |  | - |  |  | 653,118 |
Amortization of contractual assets with customers – exclusive rights | 280,975 |  |  | 1,546 |  |  | - |  |  | - |  |  | 282,521 |  |  | - |  |  | - |  |  | 282,521 |
Amortization of right-of-use assets | 182,245 |  |  | 46,579 |  |  | 25,440 |  |  | 267 |  |  | 254,531 |  |  | 6,185 |  |  | - |  |  | 260,716 |
Total of depreciation and amortization | 789,162 |  |  | 259,139 |  |  | 101,861 |  |  | 14,632 |  |  | 1,164,794 |  |  | 31,561 |  |  | - |  |  | 1,196,355 |
(1) | Includes in the line “General and administrative and Revenue from sale of goods” the amount of R$ 167,929 in 2023 (R$ 157,621 in 2022 and R$ 154,640 in 2021) of expenses related to Ultrapar's holding structure.
(2) | The “Others” column refers to the parent Ultrapar and the subsidiaries Abastece Aí, Millenium, Serma, Imaven Imóveis Ltda. (“Imaven”), Ultrapar International, Ultrapar Empreendimentos, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR. In 2022 the Company ceased to present Abastece Aí as a separate segment, including its balance in the “Others” column.
Schedule of Financial information of segments, Main indicators - Cash flows |
12/31/2023 |
Item - Cash flows | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Others(3) |  |  | Subtotal Segments |  |  | Eliminations |  |  | Total |
Acquisition of property, plant and equipment | 459,558 |  |  | 376,312 |  |  | 292,653 |  |  | 15,134 |  |  | 1,143,657 |  |  | (131,018 | ) |  | 1,012,639 |
Capitalized interest and other items included in property, plant and equipment and provision for ARO | 35,412 |  |  | ‐ |  |  | ‐ |  |  | ‐ |  |  | 35,412 |  |  | ‐ |  |  | 35,412 |
Acquisition of intangible assets | 168,547 |  |  | 56,540 |  |  | 1,060 |  |  | 56,041 |  |  | 282,188 |  |  | (7,497 | ) |  | 274,691 |
Payments of contractual assets with customers - exclusivity rights | 597,798 |  |  | ‐ |  |  | ‐ |  |  | ‐ |  |  | 597,798 |  |  | ‐ |  |  | 597,798 |
Decarbonization credits (note 14) | 778,496 |  |  | ‐ |  |  | ‐ |  |  | 389 |  |  | 778,885 |  |  | ‐ |  |  | 778,885 |
12/31/2022 |
Item - Cash flows | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Others (3) |  |  | Subtotal Segments |  |  | Eliminations |  |  | Total |
Acquisition of property, plant and equipment | 427,861 |  |  | 318,750 |  |  | 175,984 |  |  | 6,641 |  |  | 929,236 |  |  | ‐ |  |  | 929,236 |
Capitalized interest and other items included in property, plant and equipment and provision for ARO | 32,628 |  |  | ‐ |  |  | ‐ |  |  | ‐ |  |  | 32,628 |  |  | ‐ |  |  | 32,628 |
Acquisition of intangible assets | 194,385 |  |  | 38,876 |  |  | 9,125 |  |  | 35,214 |  |  | 277,600 |  |  | ‐ |  |  | 277,600 |
Payments of contractual assets with customers - exclusivity rights | 769,119 |  |  | ‐ |  |  | ‐ |  |  | ‐ |  |  | 769,119 |  |  | ‐ |  |  | 769,119 |
Decarbonization credits (note 14) | 635,130 |  |  | ‐ |  |  | ‐ |  |  | ‐ |  |  | 635,130 |  |  | ‐ |  |  | 635,130 |
12/31/2021 |
Item - Cash flows | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Abastece aí |  |  | Others(3) |  |  | Subtotal Segments |  |  | Eliminations |  |  | Total |
Acquisition of property, plant and equipment | 386,693 |  |  | 336,871 |  |  | 298,272 |  |  | 636 |  |  | 5,947 |  |  | 1,028,419 |  |  | ‐ |  |  | 1,028,419 |
Capitalized interest and other items included in property, plant and equipment and provision for ARO | 7,683 |  |  | ‐ |  |  | 2,782 |  |  |  |  |  | ‐ |  |  | 10,465 |  |  | ‐ |  |  | 10,465 |
Acquisition of intangible assets | 156,498 |  |  | 30,150 |  |  | 15,819 |  |  | 34,824 |  |  | 197 |  |  | 237,488 |  |  | ‐ |  |  | 237,488 |
Payments of contractual assets with customers - exclusivity rights | 420,261 |  |  | ‐ |  |  | ‐ |  |  |  |  |  | ‐ |  |  | 420,261 |  |  | ‐ |  |  | 420,261 |
Decarbonization credits (note 16) | 176,837 |  |  | ‐ |  |  | ‐ |  |  |  |  |  | ‐ |  |  | 176,837 |  |  | ‐ |  |  | 176,837 |
Schedule of Financial information of segments, Asset reclassification |
12/31/2023 |
Assets | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Others (3) |  |  | Subtotal Segments |  |  | Total |
Total assets (excluding intersegment transactions) | 25,042,098 |  |  | 4,144,983 |  |  | 3,233,270 |  |  | 5,831,623 |  |  | 38,251,974 |  |  | 38,251,974 |
12/31/2022 |
Assets | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Others (3) |  |  | Subtotal Segments |  |  | Total |
Total assets (excluding intersegment transactions) | 23,342,826 |  |  | 4,281,857 |  |  | 3,045,407 |  |  | 5,770,913 |  |  | 36,441,003 |  |  | 36,441,003 |
(3) | The “Others” column comprises the parent Ultrapar (including goodwill from certain acquisitions) and the subsidiaries Abastece Aí, Millenium, Serma, Imaven, Ultrapar International, UVC Investimentos and UVC - Fundo de investimento.
Schedule of Revenue from operations abroad | The subsidiaries generate revenue from operations in Brazil, as well as from exports of products and services to foreign customers, as disclosed below:
| 2023 |  |  | 2022 |  |  | 2021 |
Net revenue from sales and services: |  |  |  |  |  |  |  |
Brazil | 124,400,378 |  |  | 140,801,146 |  |  | 109,598,146 |
United States of America and Canada | 1,084,594 |  |  | 1,785,413 |  |  | 35,279 |
Other Latin American countries | 204,306 |  |  | 73,351 |  |  | 69,523 |
Europe | 202,665 |  |  | 607,416 |  |  | 18,876 |
Asia and Others | 156,758 |  |  | 367,382 |  |  | 11,018 |
Total | 126,048,701 |  |  | 143,634,708 |  |  | 109,732,842 |

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