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CONSOLIDATED STATEMENT OF INCOME (LOSS) - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CONTINUING OPERATIONS      
NET SALES R$ 39,469,700 R$ 33,446,980 R$ 30,188,421
Cost of sales (29,998,822) (25,370,042) (25,320,753)
GROSS PROFIT 9,470,878 8,076,938 4,867,668
OPERATING INCOME (EXPENSES)      
Selling expenses (5,587,488) (4,911,666) (4,513,594)
General and administrative expenses (770,282) (615,683) (551,165)
Impairment loss on trade receivables (12,137) (23,899) (46,269)
Other operating income (expenses), net (49,742) 224,384 19,311
Income (loss) from associates and joint ventures (1,737) 17,715
INCOME (LOSS) BEFORE FINANCIAL RESULTS AND INCOME TAXES 3,051,229 2,748,337 (206,334)
Financial expenses (1,889,454) (3,096,716) [1] (2,130,194) [1]
Financial income 420,757 1,304,187 [1] 869,534 [1]
Foreign exchange and monetary variations (230,298) (72,870) (980,814)
INCOME (LOSS) BEFORE TAXES 1,352,234 882,938 (2,447,808)
Income taxes 172,763 195,395 333,302
INCOME (LOSS) FROM CONTINUING OPERATIONS 1,524,997 1,078,333 (2,114,506)
DISCONTINUED OPERATIONS      
LOSS FROM DISCONTINUED OPERATIONS (915,809) (2,351,740)
INCOME (LOSS) FOR THE YEAR 1,524,997 162,524 (4,466,246)
Net Income (Loss) from Continuing Operations Attributable to      
Controlling shareholders 1,518,492 1,067,312 (2,114,968)
Non-controlling interest 6,505 11,021 462
INCOME (LOSS) FROM CONTINUING OPERATIONS 1,524,997 1,078,333 (2,114,506)
Net Loss from Discontinued Operations Attributable to      
Controlling shareholders (904,628) (2,333,093)
Non-controlling interest (11,181) (18,647)
LOSS FROM DISCONTINUED OPERATIONS R$ (915,809) R$ (2,351,740)
INCOME (LOSS) PER SHARE FROM CONTINUING OPERATIONS      
Weighted average shares outstanding - basic (in shares) 809,110,872 811,539,167 811,294,251
Income (Loss) per share - basic (in R$ per share) R$ 1.88 R$ 1.32 R$ (2.61)
Weighted average shares outstanding - diluted (in shares) 811,348,808 813,867,119 811,294,251
Income(Loss) per share - diluted (in R$ per share) R$ 1.87 R$ 1.31 R$ (2.61)
LOSSES PER SHARE FROM DISCONTINUED OPERATIONS      
Weighted average shares outstanding - basic (in share) 809,110,872 811,539,167 811,294,251
Losses per share - basic (in R$ per share) R$ (1.11) R$ (2.88)
Weighted average shares outstanding - diluted (in share) 809,110,872 811,539,167 811,294,251
Losses per share - diluted (in R$ per share) R$ (1.11) R$ (2.88)
[1] Due to the significant increase in the effects of exchange variations and results of derivatives in 2020, the Company begun to group such results in a line item separate from other financial income and expenses. Therefore, the comparative period was restated for comparability.