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Consolidated statement of cash flows - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Loss before income tax and social contribution R$ (105,687) R$ (155,843) R$ (71,053)
Adjustments for:      
Depreciation and amortization 268,714 211,156 174,088
Share of loss profit of equity-accounted investees 4,512 0 0
Impairment losses on trade receivables 45,904 32,726 25,015
Reversal for tax, civil and labor risks, net (15,099) (1,986) (2,092)
Interest on provision for tax, civil and labor losses 42,063 34,300 13,297
Provision for obsolete inventories 40,924 22,117 4,057
Interest on bonds and financing 108,896 43,549 52,935
Interest on loans from related parties 0 0 2,922
Contractual obligations and right to returned goods 11,312 (1,159) 1,454
Interest on accounts payable for business combination and acquisition of associates 65,725 8,158 1,568
Imputed interest on suppliers 19,810 157 2,945
Share-based payment expense 19,043 22,526 39,648
Interest on lease liabilities 13,143 14,984 15,091
Interest on marketable securities (54,954) (26,719) (16,907)
Other finance costs, net 3,441 0 0
Cancellations of right-of-use contracts 616 (195) 0
Residual value of disposals of property and equipment and intangible assets 13,960 124 (454)
Cash flows from operating activities before changes in working capital 482,323 203,895 242,514
Changes in      
Trade receivables (189,329) (25,408) (123,412)
Inventories (65,011) (14,038) (20,812)
Prepayments (16,576) (12,511) (4,060)
Taxes recoverable (16,566) (4,914) 24,573
Judicial deposits and escrow accounts (16,035) (6,076) 184
Other receivables 1,133 (1,789) 4,516
Related parties – other receivables (1,258) 0 0
Suppliers 121,519 (16,124) 42,620
Salaries and social charges 37,166 (9,890) (6,693)
Tax payable (4,039) 5,711 13,629
Contractual obligations and deferred income 375 (2,659) (2,163)
Other liabilities (3,084) (671) 4,295
Other liabilities - related parties (39,218) (94,155) 117,299
Cash from operating activities 291,400 21,371 292,490
Payment of interest on leases (14,941) (14,692) (14,675)
Payment of interest on bonds and financing (92,500) [1] (24,922) [2] (49,404)
Payment of interest on business combinations (603) (1,571) 0
Income tax and social contribution paid (7,153) (1,167) (5,234)
Payment of provision for tax, civil and labor losses (1,363) (627) (7,716)
Net cash from (applied in) operating activities 174,840 (21,608) 215,461
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of property and equipment (61,143) (20,910) (1,642)
Additions of intangible assets (90,588) (55,878) (42,793)
Acquisition of subsidiaries net of cash acquired (80,559) (186,218) (23,147)
Proceeds from investment in marketable securities 1,637,898 2,641,308 1,212,876
Purchase of investment in marketable securities (1,800,550) (2,289,836) (1,687,071)
Net cash (applied in) from investing activities (394,942) 88,466 (541,777)
CASH FLOWS FROM FINANCING ACTIVITIES      
Capital contribution 0 0 2,426
Suppliers - related parties 0 (1,450) (207,174)
Loans from related parties 0 0 65,600
Payments of loans from related parties (254,885) (20,884) (76,830)
Lease liabilities paid (27,003) (21,998) (12,835)
Acquisition of treasury shares 0 (23,880) 0
Parent Company's Net Investment 0 0 (6,335)
Issuance of common shares in initial public offering 0 0 1,836,317
Transaction costs in initial public offering 0 0 (154,849)
Payments of bonds and financing (759) (477,741) (852,135)
Issuance of securities with related parties 250,000 0 0
Issuance of bonds net off issuance costs 0 497,000 0
Payments of accounts payable for business combination and acquisition of associates (11,379) (19,168) 0
Net cash (applied in) from financing activities (44,026) (68,121) 594,185
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (264,128) (1,263) 267,869
Cash and cash equivalents at beginning of period 309,893 311,156 43,287
Cash and cash equivalents at end of period 45,765 309,893 311,156
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS R$ (264,128) R$ (1,263) R$ 267,869
[1] We present below the composition of interest and principal payments considering the issues made:
[2] On March 15, 2021, the Company, substantially settled bonds with related parties amounting to R$ 100,000 and R$ 1,488, in principal and interest, respectively as follows: 5th Issuance, 1st series – R$ 101,488. In addition, the Company settled only interest on the following bonds: 5th Issuance, 2nd series – R$ 1,451, 6th Issuance, 2nd series – R$ 3,613 and 7th Issuance, single series – R$ 5,663. This measure is part of a commitment with shareholders as a result of the IPO. On May 31, 2021, the Company partially settled bonds with related parties amounting to R$ 188,000, of principal of the 7th issuance single series. On August 6, 2021, the Company settled the remaining 7th issuance with related parties in the amounts of R$189,564 and R$5,871, as principal and interest. In addition, the Company settled only interest on the following bonds: 5th Issuance, 2nd series – R$ 2,029 and 6th Issuance, 2nd series – R$ 4,758. Regarding the financing with Banco de Desenvolvimento de Minas Gerais SA - BDMG, the Company pays monthly the amount of R$ 15 and R$ 4, respectively, of principal and interest, totaling on December 31, 2021 an amount of R$177 and R$49, respectively, of principal and interest.