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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      
Profit before income taxes R$ 1,759,316 R$ 1,488,027 R$ 1,774,691
Expenses (revenues) not affecting cash:      
Depreciation and amortization 1,130,690 768,593 376,335
Total losses 984,487 664,268 288,309
Accrual of provision for contingencies 37,276 25,938 6,409
Share based long term incentive plan (LTIP) 127,391 370,629 122,870
Reversal of taxes and contributions 0 (4,638) (84,294)
Loss on disposal of property, equipment, intangible and investment assets 270,901 28,393 19,465
Derivative Financial Instruments, net 22,289 5,952 0
Interest accrued 592,146 230,555 17,222
Other (income) cost, net 6,355 103,667 (18,185)
Changes in operating assets and liabilities      
Accounts receivable (17,853,689) (9,303,060) (5,586,919)
Financial investments (mandatory guarantee) (157,419) (84,534) 43,229
Inventories 36,257 (132,398) 31,602
Taxes recoverable 154,273 (36,565) (206,221)
Other receivables 26,050 (62,084) (78,744)
Deferred revenue (36,338) (33,689) 145,005
Other liabilities 68,266 (17,312) 67,669
Payables to third parties 4,847,629 2,940,739 4,173,264
Trade payables (133,846) 243,585 72,328
Receivables from related parties 9,787 471,585 38,250
Deposits 9,006,018 2,276,041 758,003
Salaries and social charges 33,054 (8,091) 7,605
Taxes and contributions 25,829 (11,499) (34,438)
Provision for contingencies (24,234) (17,763) (1,127)
Total adjustments to reconcile profit (loss) 932,488 (93,661) 1,932,328
Income tax and social contribution paid (89,899) (76,782) (46,384)
Interest income received, net 2,706,375 1,068,450 266,719
NET CASH PROVIDED BY OPERATING ACTIVITIES 3,548,964 898,007 2,152,663
CASH FLOWS FROM INVESTING ACTIVITIES      
Amount paid on acquisitions, net of cash acquired 0 (43,367) (345,602)
Purchases of property and equipment (1,096,059) (972,274) (1,522,769)
Purchases and development of intangible assets (1,040,337) (779,555) (523,785)
Redemption (Acquisition) of financial investments (48,134) 324,247 530,667
NET CASH USED IN INVESTING ACTIVITIES (2,184,530) (1,470,949) (1,861,489)
CASH FLOWS FROM FINANCING ACTIVITIES      
Additions 250,000 1,012,086 0
Payment of borrowings (1,213,144) 0 0
Payment of borrowings Interest 56,931 0 0
Acquisition of treasury shares (291,445) (257,992) (44,774)
Payment of leases (18,179) (15,148) 0
Capital increase by non-controlling shareholders 0 (11,708) (10,289)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (1,329,699) 727,238 (55,064)
INCREASE IN CASH AND CASH EQUIVALENTS 34,735 154,297 236,110
Cash and cash equivalents at the beginning of the year 1,794,362 1,640,065 1,403,955
Cash and cash equivalents at the end of the year R$ 1,829,097 R$ 1,794,362 R$ 1,640,065