| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Cash flow from operating activities | ||||||
Profit (loss) before taxation | ||||||
271,459 | 208,892 | -178,257 | ||||
Results of investees - Discontinued operations | ||||||
- | - | -318 | ||||
Adjustments to reconcile profit to cash | ||||||
Interest, indexation and exchange variations | ||||||
52,287 | -96,766 | 326,287 | ||||
Share in the results of investees | ||||||
60 | -158 | -574 | ||||
Depreciation and amortization | ||||||
270,454 | 275,034 | 295,258 | ||||
Loss on sale of property, plant and equipment and intangible assets | ||||||
694 | 552 | 3,443 | ||||
Gain on sale of investment | ||||||
4,588 | 408 | - | ||||
Impairment (reversal) of property, plant and equipment and other assets | ||||||
73 | -979 | 8,574 | ||||
Provisions | ||||||
32,672 | 93,701 | -12,209 | ||||
Decrease (increase) in assets | ||||||
Trade accounts receivable | ||||||
-63,172 | -54,188 | 56,293 | ||||
Inventory | ||||||
-15,675 | -62,586 | 65,885 | ||||
Other taxes recoverable | ||||||
17,088 | 9,558 | 58,528 | ||||
Other assets | ||||||
6,168 | -414 | -1,344 | ||||
Increase (decrease) in liabilities | ||||||
Trade payables | ||||||
47,573 | 9,557 | 21,790 | ||||
Confirming payables | ||||||
8,737 | 5,743 | -22,672 | ||||
Salaries and payroll charges | ||||||
9,776 | 25,206 | -17,118 | ||||
Taxes payable | ||||||
-14,165 | -15,375 | -76,149 | ||||
Deferred revenue | ||||||
-36,299 | 250,000 | - | ||||
Other liabilities | ||||||
-45,183 | 13,566 | -22,913 | ||||
Interest paid | ||||||
58,635 | 37,321 | 39,672 | ||||
Taxes on income paid | ||||||
100,265 | 38,869 | 51,384 | ||||
Net cash provided by operating activities | ||||||
378,939 | 585,061 | 414,596 | ||||
Cash flow from investing activities | ||||||
Financial investments | ||||||
65,661 | 47,749 | 25,460 | ||||
Acquisitions of property, plant and equipment | ||||||
196,717 | 180,856 | 183,176 | ||||
Acquisitions of intangible assets | ||||||
921 | 2,133 | 3,891 | ||||
Loan repayment received from related parties | ||||||
- | 10,284 | 10,059 | ||||
Acquisition of Pollarix | ||||||
81,615 | - | - | ||||
Related parties | ||||||
- | 6,248 | 44,785 | ||||
Proceeds from sale of non-current assets | ||||||
16,542 | 12,787 | 1,027 | ||||
Net cash used in investing activities | ||||||
-328,372 | -201,419 | -156,656 | ||||
Cash flow from financing activities | ||||||
New loans and financing | ||||||
830,598 | 550,966 | 23,454 | ||||
Payments of loans and financing | ||||||
537,254 | 483,100 | 280,717 | ||||
Dividends paid | ||||||
61,549 | 59,660 | 13,345 | ||||
Reimbursement share premium | ||||||
430,000 | 69,931 | - | ||||
Capital increase - Initial public offering | ||||||
20,500 | 170,070 | 84 | ||||
Share premium -Initial public offering | ||||||
285,931 | - | - | ||||
Related parties | ||||||
- | 3,967 | -41,171 | ||||
Energy assets compensation payment - Related parties | ||||||
55,380 | - | -52,686 | ||||
Net cash provided by (used in) financing activities | ||||||
52,846 | -92,238 | -385,883 | ||||
Effects of exchange rates on cash and cash equivalents | ||||||
48 | 2,757 | -1,321 | ||||
Increase (decrease) in cash and cash equivalents | ||||||
103,461 | 294,161 | -129,264 | ||||