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CONSOLIDATED STATEMENTS OF INCOME/(LOSS) - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CONSOLIDATED STATEMENTS OF INCOME/(LOSS)      
NET SALES R$ 39,644,010 R$ 46,159,478 R$ 36,917,619
Cost of sales (35,440,726) (40,010,100) (33,312,995)
GROSS PROFIT 4,203,284 6,149,378 3,604,624
Selling expenses (476,339) (570,431) (524,965)
General and administrative expenses (954,117) (1,082,449) (1,129,943)
Other operating income 636,847 235,421 260,618
Other operating expenses (187,647) (270,413) (168,887)
Impairment of financial assets (21,044) (9,914)  
Impairment of non-financial assets     (1,114,807)
Gains and losses on assets held for sale and sales of interest in subsidiaries   (414,507) (721,682)
Reversal of provision for tax liabilities, net     929,711
Equity method investees (17,050) 10,141 (34,597)
INCOME BEFORE FINANCIAL INCOME (EXPENSES) AND TAXES 3,183,934 4,047,226 1,100,072
Financial income 223,213 204,000 226,615
Financial expenses (1,469,754) (1,579,341) (1,726,284)
Bonds Repurchases expenses   (223,925)  
Exchange variations, net (247,555) (322,621) (4,057)
Reversal of interest on provision for tax liabilities, net     369,819
Gains and losses on derivative financial instruments, net (15,118) 32,092 (9,441)
INCOME (LOSS) BEFORE TAXES 1,674,720 2,157,431 (43,276)
Current (240,400) (629,209) (313,758)
Deferred (217,433) 798,160 18,367
Income and social contribution taxes (457,833) 168,951 (295,391)
NET INCOME (LOSS) 1,216,887 2,326,382 (338,667)
ATTRIBUTABLE TO:      
Owners of the parent 1,203,736 2,303,868 (359,360)
Non-controlling interests 13,151 22,514 20,693
NET INCOME (LOSS) R$ 1,216,887 R$ 2,326,382 R$ (338,667)
EARNINGS PER SHARE      
Basic earnings/(loss) per share - preferred and common - (R$) R$ 0.71 R$ 1.35 R$ (0.21)
Diluted earnings/(loss) per share - preferred and common - (R$) R$ 0.70 R$ 1.34 R$ (0.21)