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CONSOLIDATED STATEMENT OF CASH FLOWS - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
1. Cash Flows From Operating Activities      
Consolidated profit for the year R$ 12,799,918 R$ 9,138,048 R$ 7,464,918
Adjustments to profit 14,765,404 17,015,113 20,143,702
Depreciation of tangible assets 1,216,704 1,190,967 1,154,588
Amortization of intangible assets 523,255 471,280 328,051
Impairment losses on other assets (net) 508,310 456,711 114,321
Provisions and Impairment losses on financial assets (net) 14,713,039 15,647,539 16,026,187
Net Gains (losses) on disposal of tangible assets, investments and non-current assets held for sale (156,258) 324,385 (90,889)
Income from companies accounted by the equity method (65,958) (71,551) (47,537)
Changes in deferred tax assets and liabilities (1,594,440) (406,395) 5,343,885
Monetary Adjustment of Escrow Deposits (664,003) (637,124) (749,040)
Recoverable Taxes (222,402) (210,834) (215,228)
Effects of Changes in Foreign Exchange Rates on Cash and Cash Equivalents 0 0 2,289,849
Effects of Changes in Foreign Exchange Rates on Assets and Liabilities 1,173,757 33,691 (3,924,662)
Other (666,600) 216,444 (85,823)
Net (increase) decrease in operating assets (79,913,313) (16,745,263) (59,866,978)
Balance with the Brazilian Central Bank 16,629,126 (7,043,255) 60,163,587
Financial assets held for trading 0 44,950,707 (80,367,944)
Financial Assets Measured At Fair Value Through Profit Or Loss (8,791,116) 0 0
Other Financial Assets Measured At Fair Value Through Profit Or Loss 1,692,154 18,988 457,419
Financial Assets Measured At Fair Value Through Profit Or Loss Held for Trading (16,412,738) 0 0
Non-Trading Financial Assets Mandatorily Measured at Fair Value Through Profit or Loss (419,851) 0 0
Available-for-sale financial assets 0 (27,214,188) 9,976,210
Financial Assets Measured At Fair Value Through Other Comprehensive Income (4,323,459) 0 0
Loans and receivables 0 (30,256,590) (43,422,496)
Financial Assets Measured At Amortized Cost (75,906,801) 0 0
Held to maturity investments 0 (26,266) (449,792)
Other assets 7,619,372 2,825,341 (6,223,962)
Net increase (decrease) in operating liabilities 64,293,934 44,163,382 43,247,080
Financial liabilities held for trading 0 (2,297,323) 9,232,101
Financial Liabilities Measured At Fair Value Through Profit Or Loss held for trading 1,616,446 0 0
Financial Liabilities Measured At Fair Value Through Profit Or Loss 1,946,056 0 0
Financial liabilities at amortized cost 57,833,935 43,702,283 32,696,894
Other liabilities 2,897,497 2,758,422 1,318,085
Tax paid (3,668,571) (3,280,230) (4,240,115)
Total net cash flows from operating activities (1) 8,277,372 50,291,050 6,748,607
2. Cash Flows From Investing Activities      
Investments (3,157,794) (2,197,918) (1,945,372)
Capital increase in Investments in associates and Joint Ventures (36,051) (34,154) (3,105)
Acquisition of subsidiary, less net cash in the acquisition (111,224) (275,091) (392,998)
Tangible assets (1,394,299) (1,106,406) (873,140)
Intangible assets (1,616,222) (738,554) (670,576)
Corporate Restructuring 2 (43,713) (5,553)
Disposal 797,716 744,913 677,088
Capital reduction of investee in joint control 0 0 76,860
Tangible assets 122,009 37,467 42,226
Non - current assets held for sale 563,607 434,553 208,232
Dividends and interest on capital received 112,100 272,893 349,770
Total net cash flows from investing activities (2) (2,360,078) (1,453,005) (1,268,284)
3. Cash Flows From Financing Activities      
Acquisition of own shares (312,305) (378,776) (90,031)
Issuance of Debt Instruments Eligible to Compose Capital 9,347,750 0 0
Issuance of other long-term financial liabilities 73,765,081 59,663,420 50,313,469
Dividends and interest on capital paid (6,076,073) (5,652,081) (3,210,762)
Payments of other long-term financial liabilities (78,903,009) (97,009,957) (56,164,769)
Payments of subordinated liabilities (544,566) 0 (8,362,652)
Payments of interest of Debt Instruments Eligible to Compose Capital (683,783) (623,146) (701,671)
Net increase in non-controlling interests 55,869 (296,184) 23,909
Capital Increase in Subsidiaries, by Non-Controlling Interests 48,000 0 0
Total net cash flows from financing activities (3) (3,303,036) (44,296,724) (18,192,507)
Exchange variation on Cash and Cash Equivalents (4) 0 0 (2,289,849)
Net Increase in Cash (1+2+3+4) 2,614,258 4,541,321 (15,002,033)
Cash and cash equivalents at beginning of year 22,670,902 18,129,581 33,131,614
Cash and cash equivalents at end of year 25,285,160 22,670,902 18,129,581
Cash and cash equivalents components      
Cash and Balances With The Brazilian Central Bank 19,463,587 20,642,321 14,683,735
Loans and other 5,821,573 2,028,581 3,445,846
Total of cash and cash equivalents 25,285,160 22,670,902 18,129,581
Non-cash transactions      
Foreclosures loans and other assets transferred to non-current assets held for sale 785,139 524,497 834,903
Dividends and interest on capital declared but not paid 4,800,000 4,455,000 4,750,000
Supplemental information      
Interest received 70,831,205 73,094,248 75,818,511
Interest paid R$ (29,796,455) R$ (37,948,828) R$ (46,051,070)