| Dec'17 | Dec'16 | Dec'15 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|
Cash flows from Operating activities | ||||||
Net income for the period | ||||||
169 | -4,349 | -8,611 | - | - | - | - |
Adjustments for: | ||||||
Pension and medical benefits (actuarial expense) | ||||||
-2,726 | -2,304 | -1,960 | - | - | - | - |
Results in equity-accounted investments | ||||||
673 | -218 | -177 | - | - | - | - |
Depreciation, depletion and amortization | ||||||
13,307 | 13,965 | 11,591 | - | - | - | - |
Impairment of assets (reversal) | ||||||
1,191 | 6,193 | 12,299 | - | - | - | - |
Exploratory expenditures write-offs | ||||||
279 | 1,281 | 1,441 | - | - | - | - |
Gains and losses on disposals/write-offs of assets | ||||||
-1,498 | -293 | 758 | - | - | - | - |
Foreign exchange, indexation and finance charges | ||||||
9,602 | 7,962 | 9,172 | - | - | - | - |
Deferred income taxes, net | ||||||
467 | -913 | -2,043 | - | - | - | - |
Allowance (reversals) for impairment of trade and others receivables | ||||||
708 | 1,131 | 941 | - | - | - | - |
Inventory write-down to net realizable value | ||||||
66 | 343 | 431 | - | - | - | - |
Reclassification of cumulative translation adjustment and other comprehensive income | ||||||
59 | 1,457 | 0 | - | - | - | - |
Revision and unwinding of discount on the provision for decommissioning costs | ||||||
-425 | 836 | -382 | - | - | - | - |
Gain on remeasurement of investment retained with loss of control | ||||||
217 | 0 | 0 | - | - | - | - |
Provision for the class action agreement | ||||||
3,449 | 0 | 0 | - | - | - | - |
Decrease (Increase) in assets | ||||||
Trade and other receivables, net | ||||||
-978 | -39 | -396 | - | - | - | - |
Inventories | ||||||
-336 | -518 | 291 | - | - | - | - |
Judicial deposits | ||||||
-1,671 | -986 | -789 | - | - | - | - |
Other assets | ||||||
-223 | -319 | -819 | - | - | - | - |
Increase (Decrease) in liabilities | ||||||
Trade payables | ||||||
-62 | -1,060 | -1,226 | - | - | - | - |
Other taxes payable | ||||||
2,952 | 1,047 | 1,628 | - | - | - | - |
Pension and medical benefits | ||||||
919 | 766 | 709 | - | - | - | - |
Other liabilities | ||||||
-912 | 664 | 76 | - | - | - | - |
Income taxes paid | ||||||
799 | 372 | 567 | - | - | - | - |
Net cash provided by operating activities | ||||||
27,112 | 26,114 | 25,987 | - | - | - | - |
Cash flows from Investing activities | ||||||
Capital expenditures | ||||||
13,639 | 14,085 | 21,653 | - | - | - | - |
Investments in investees | ||||||
-75 | -125 | -108 | - | - | - | - |
Proceeds from disposal of assets-Divestment | ||||||
3,091 | 2,205 | 224 | - | - | - | - |
Divestment (Investment) in marketable securities | ||||||
861 | -229 | -7,982 | - | - | - | - |
Dividends received | ||||||
452 | 473 | 259 | - | - | - | - |
Net cash provided by (used in) investing activities | ||||||
-11,032 | -11,303 | -13,296 | - | - | - | - |
Cash flows from Financing activities | ||||||
Investments by non-controlling interest | ||||||
19 | 29 | 100 | - | - | - | - |
Proceeds from financing | ||||||
27,075 | 18,897 | 17,420 | - | - | - | - |
Repayment of principal | ||||||
36,095 | 30,660 | 14,809 | - | - | - | - |
Repayment of interest | ||||||
6,981 | 7,308 | 6,305 | - | - | - | - |
Dividends paid to non-controlling interests | ||||||
167 | 72 | 74 | - | - | - | - |
Proceeds from sale of interest without loss of control | ||||||
1,511 | - | 503 | - | - | - | - |
Net cash used in financing activities | ||||||
-14,638 | -19,114 | -3,165 | - | - | - | - |
Effect of exchange rate changes on cash and cash equivalents | ||||||
-128 | 450 | -1,123 | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||
1,314 | -3,853 | 8,403 | - | - | - | - |
Net income for the period | ||||||
- | - | - | 19,475 | 16,823 | 17,733 | 13,411 |
Depreciation, depletion and amortization | ||||||
- | - | - | 8,507 | 7,188 | 5,928 | 5,544 |
Dry hole costs | ||||||
- | - | - | 1,201 | 1,251 | 808 | 549 |
Equity in the results of non-consolidated companies | ||||||
- | - | - | -413 | -157 | 21 | 235 |
Impairment | ||||||
- | - | - | - | - | - | 271 |
Exchange variation, monetary and financial charges | ||||||
- | - | - | -401 | -1,051 | 2,211 | 641 |
Impairment | ||||||
- | - | - | 402 | 319 | 519 | - |
Deferred income taxes | ||||||
- | - | - | 2,960 | 860 | 2,355 | 1,062 |
Other | ||||||
- | - | - | 942 | -9 | 617 | 394 |
Increase in accounts receivable, net | ||||||
- | - | - | -2,347 | -777 | -1,098 | -245 |
Increase in inventories | ||||||
- | - | - | -427 | -672 | -568 | -1,619 |
Decrease (increase) in advances to suppliers | ||||||
- | - | - | 454 | -428 | -1,684 | - |
Increase in recoverable taxes | ||||||
- | - | - | -1,749 | -882 | -1,431 | - |
Increase (decrease) in supliers | ||||||
- | - | - | 251 | 206 | 2,246 | - |
Increase in employees post-retirement benefits - Pension and health care | ||||||
- | - | - | 572 | 323 | 795 | - |
Increase (decrease) in contingencies | ||||||
- | - | - | 226 | 42 | 114 | - |
Decrease (increase)in advances to suppliers | ||||||
- | - | - | - | - | - | 787 |
Increase in recoverable taxes | ||||||
- | - | - | - | - | - | -1,132 |
Increase (decrease) in trade accounts payable | ||||||
- | - | - | - | - | - | 1,709 |
Decrease in taxes payable, net of recoverable taxes | ||||||
- | - | - | -668 | 1,086 | -207 | 460 |
Increase in payroll and related charges | ||||||
- | - | - | 387 | 244 | 282 | - |
Other | ||||||
- | - | - | -877 | 554 | -421 | 1,067 |
Net cash provided by operating activities | ||||||
- | - | - | 28,495 | 24,920 | 28,220 | 22,664 |
Additions to property, plant and equipment | ||||||
- | - | - | 45,078 | 35,134 | 29,874 | 20,978 |
Investments in affiliated companies | ||||||
- | - | - | 2,276 | 240 | -452 | - |
Acquisition of Suzano and Ipiranga | ||||||
- | - | - | - | - | - | 1,551 |
Marketable securities and other investments activities | ||||||
- | - | - | -15,666 | 254 | -44 | -1,497 |
Net cash used in investing activities | ||||||
- | - | - | -63,020 | -35,120 | -29,466 | -24,026 |
Shares issuance costs | ||||||
- | - | - | -279 | 0 | 0 | - |
Acquisition of noncontrolling interest | ||||||
- | - | - | -350 | 0 | 0 | - |
Net borrowing under line-of-credit agreement | ||||||
- | - | - | 0 | -1,100 | 0 | 0 |
Proceeds from issuance and draw-down of short-term and long-term debt | ||||||
- | - | - | 460 | 1,286 | 380 | - |
Short-term debt, net issuances and repayments | ||||||
- | - | - | - | - | - | -6 |
Proceeds from issuance and draw-down of long-term debt | ||||||
- | - | - | 20,189 | 27,345 | 15,049 | 2,980 |
Payments of long-term debt | ||||||
- | - | - | 9,898 | 5,084 | 7,904 | 3,561 |
Issuance of common and preferred shares | ||||||
- | - | - | 30,563 | 0 | 0 | - |
Proceeds of project financings | ||||||
- | - | - | - | - | - | -1,568 |
Payments of project financings | ||||||
- | - | - | - | - | - | -2,599 |
Payment of capital lease obligations | ||||||
- | - | - | - | - | - | 367 |
Dividends and interest on shareholders equity paid to shareholders and minority interest | ||||||
- | - | - | 5,299 | 7,712 | 4,747 | 4,003 |
Net cash provided by financing activities | ||||||
- | - | - | 35,386 | 16,935 | 2,778 | -5,988 |
Increase in cash and cash equivalents | ||||||
- | - | - | 861 | 6,735 | 1,532 | -7,350 |
Effect of exchange rate changes on cash and cash equivalents | ||||||
- | - | - | 603 | 2,935 | -2,020 | 1,649 |
Interest, net of amount capitalized | ||||||
- | - | - | 3,700 | 3,059 | 2,304 | 1,639 |
Income taxes | ||||||
- | - | - | 2,816 | 4,929 | 6,271 | 4,430 |
Withholding income tax on financial investments | ||||||
- | - | - | 1,746 | 2,224 | 1,176 | 1,007 |
Cash paid during the period for | ||||||
- | - | - | 8,262 | 10,212 | 9,751 | - |
Recognition of asset retirement obligation - ASC Topic 410-20 | ||||||
- | - | - | 1,088 | -423 | 75 | 1,728 |
Acquisition of fixed assets on contract with transfer of benefits, risks and control of assets | ||||||
- | - | - | 0 | 63 | 6 | 0 |
Capital increase with Financial Treasury Bill used for payment of part of the Assignment Agreement | ||||||
- | - | - | 39,768 | 0 | 0 | - |
Acquisitition of property, plant and equipment on credit | ||||||
- | - | - | 0 | 70 | 0 | 0 |
Total of non-cash investing and financing transactions during the year | ||||||
- | - | - | 40,856 | -290 | 81 | - |