XML 33 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated statements of cash flows - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Profit before income taxes R$ 683,504 R$ 155,359 R$ 40,315
Expenses (revenues) not affecting cash:      
Depreciation and amortization 51,571 31,246 18,933
Loss of fixed assets sold 49 0 0
Chargebacks 47,854 31,557 27,490
Accrual/(reversal) of provision for contingencies 3,538 603 (2,134)
Unrealized loss on derivative instruments 0 6,613 0
Other financial cost, net 660 5,549 (3,902)
Changes in operating assets and liabilities      
Note receivables (2,060,875) (783,954) (552,984)
Inventories (40,586) 20,181 (25,090)
Taxes recoverable 8,055 8,579 4,760
Other receivables (23,495) 17,214 (16,912)
Other payables (2,046) 13,491 (2,222)
Payables to third parties 1,776,538 620,940 313,958
Trade payables 29,531 25,430 31,836
Receivables from (payables to) related parties (64,400) (214,549) 121,467
Salaries and social charges 13,341 6,618 13,275
Taxes and contributions (3,109) 3,867 150
Provision for contingencies 486 (42) 0
Net Changes in operating assets and liabilities 420,616 (51,298) (31,061)
Income tax and social contribution paid (166,389) (18,059) (2,690)
Interest income received 208,563 146,346 81,349
Interest paid (9,175) 0 0
NET CASH PROVIDED BY OPERATING ACTIVITIES 453,615 76,989 47,598
CASH FLOWS FROM INVESTING ACTIVITIES      
Amounts paid for business acquisitions, net of cash acquired (22,225) 0 0
Purchases of property and equipment (7,873) (1,996) (3,219)
Purchases and development of intangible assets (99,673) (70,394) (38,880)
Acquisition of financial investments (209,569) (337,098) 0
Redemption of financial investments 132,107 206,190 190
NET CASH USED IN INVESTING ACTIVITIES (207,233) (203,298) (41,909)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from borrowings 0 199,390 0
Payment of borrowings (199,480) 0 0
Payment of derivative financial instruments (5,831) 0 0
Distribution of dividends (54,273) 0 0
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (259,584) 199,390 0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (13,202) 73,081 5,689
Cash and cash equivalents at the beginning of the year 79,969 6,888 1,199
Cash and cash equivalents at the end of the year R$ 66,767 R$ 79,969 R$ 6,888