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Consolidated statement of cash flows - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Loss before income tax and social contribution R$ (119,705) R$ (105,687) R$ (155,843)
Adjustments for:      
Depreciation and amortization 287,779 268,714 211,156
Share of loss profit of equity-accounted investees 18,655 4,512 0
Impairment losses on trade receivables 55,771 45,904 32,726
Reversal for tax, civil and labor risks, net (9,611) (15,099) (1,986)
Provision on accounts payable for business combination 23,562 0 0
Interest on provision for tax, civil and labor losses 58,265 42,063 34,300
Interest on bonds and financing 117,495 108,896 43,549
Contractual obligations and right to returned goods (15,097) 11,312 (1,159)
Interest on accounts payable for business combination and acquisition of associates 65,207 65,725 8,158
Interest on suppliers 38,228 19,810 157
Share-based payment expense 13,382 19,043 22,526
Interest on lease liabilities 12,717 13,143 14,984
Interest on marketable securities (40,155) (54,954) (26,719)
Other finance costs, net 0 3,441 0
Cancellations of right-of-use contracts (6,037) 616 (195)
Residual value of disposals of property and equipment and intangible assets 3,487 13,960 124
Cash flows from operating activities before changes in working capital 503,943 441,399 181,778
Changes in      
Trade receivables (103,162) (189,329) (25,408)
Inventories (33,710) (24,087) 8,079
Prepayments (15,163) (16,576) (12,511)
Taxes recoverable 1,416 (16,566) (4,914)
Judicial deposits and escrow accounts (12,729) (16,035) (6,076)
Other receivables (1,076) 1,133 (1,789)
Related parties – other receivables (5,398) (1,258) 0
Suppliers 40,604 121,519 (16,124)
Salaries and social charges 3,872 37,166 (9,890)
Tax payable 3,674 (4,039) 5,711
Contractual obligations and deferred income (12,706) 375 (2,659)
Other liabilities (23,980) (3,084) (671)
Other liabilities - related parties 15,006 (39,218) (94,155)
Cash generated from operating activities 360,591 291,400 21,371
Payment of interest on leases (11,637) (14,941) (14,692)
Payment of interest on bonds and financing (118,901) [1] (92,500) (24,922)
Payment of interest on business combinations (8,096) (603) (1,571)
Income tax and social contribution paid (1,616) (7,153) (1,167)
Payment of provision for tax, civil and labor losses (1,489) (1,363) (627)
Net cash from (used in) operating activities 218,852 174,840 (21,608)
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of property and equipment (21,537) (61,143) (20,910)
Additions of intangible assets (105,292) (90,588) (55,878)
Acquisition of subsidiaries net of cash acquired (3,212) (80,559) (186,218)
Proceeds from investment in marketable securities 1,228,882 1,637,898 2,641,308
Purchase of investment in marketable securities (1,054,155) (1,800,550) (2,289,836)
Net cash from (used in) investing activities 44,686 (394,942) 88,466
CASH FLOWS FROM FINANCING ACTIVITIES      
Suppliers - related parties 0 0 (1,450)
Payments of loans from related parties (50,885) (254,885) (20,884)
Lease liabilities paid (30,471) (27,003) (21,998)
Purchase of treasury shares (39,931) 0 (23,880)
Payments of bonds and financing 0 (759) (477,741)
Issuance of securities with related parties 0 250,000 0
Issuance of bonds net off issuance costs 0 0 497,000
Payments of accounts payable for business combination and acquisition of associates (92,152) (11,379) (19,168)
Net cash used in financing activities (213,439) (44,026) (68,121)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 50,099 (264,128) (1,263)
Cash and cash equivalents at beginning of period 45,765 [2] 309,893 311,156
Cash and cash equivalents at end of period 95,864 [2] 45,765 [2] 309,893
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS R$ 50,099 R$ (264,128) R$ (1,263)
[1] We present below the composition of interest and principal payments considering the issues made:
[2] The Company invests in short-term fixed income investment funds with daily liquidity and no material risk of change in value. Financial investments presented an average gross yield of 104% of the annual CDI rate on December 31, 2023 (103% on December 31, 2022). All investments are highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value and correspond to the cash obligations for the period.