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Statement of Cash Flows - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
1. Cash Flows From Operating Activities      
Consolidated profit for the year R$ 14,339,475 R$ 15,559,324 R$ 13,450,753
Adjustments to profit 50,774,841 (13,898,808) (31,268,076)
Depreciation of tangible assets 1,860,043 1,850,780 2,039,805
Amortization of intangible assets 725,459 583,141 539,322
Impairment losses on other assets (net) 161,434 165,799 84,908
Provisions and Impairment losses on financial assets (net) 26,044,239 19,292,151 19,106,735
Net Gains (losses) on disposal of tangible assets, investments and non-current assets held for sale (130,673) (32,512) (308,176)
Income from companies accounted by the equity method (199,179) (144,184) (112,261)
Changes in deferred tax assets and liabilities 64,318 2,265,227 (8,232,869)
Monetary Adjustment of Escrow Deposits (677,373) (433,629) (219,447)
Recoverable Taxes (813,225) (217,820) (120,220)
Effects of Changes in Foreign Exchange Rates on Assets and Liabilities  23,513,187 (35,669,654) (44,250,466)
Others 226,611 (1,558,107) 204,593
Net (increase) decrease in operating assets (90,965,616) 22,502,791 (139,525,961)
Financial Assets Measured At Fair Value Through Profit Or Loss (39,687,772) 42,041,624 (26,198,034)
Financial Assets Measured At Fair Value Through Profit Or Loss Held for Trading (45,411,047) 50,833,925 (43,070,163)
Non-Trading Financial Assets Mandatorily Measured at Fair Value Through Profit or Loss (1,264,170) (370,442) (328,267)
Financial Assets Measured At Fair Value Through Other Comprehensive Income 45,756,767 4,094,548 (14,905,798)
Financial Assets Measured At Amortized Cost (46,336,754) (86,179,125) (80,800,357)
Other assets (4,022,640) 12,082,261 25,776,658
Net increase (decrease) in operating liabilities 38,775,762 (12,821,626) 200,930,390
Financial Liabilities Measured At Fair Value Through Profit Or Loss held for trading 3,794,181 (38,067,617) 33,203,455
Financial Liabilities Measured At Fair Value Through Profit Or Loss 1,461,734 421,317 1,516,522
Financial liabilities at amortized cost 32,558,536 30,512,246 165,920,919
Other liabilities 961,311 (5,687,572) 289,494
Tax paid (6,077,436) (4,534,538) (1,269,150)
Total net cash flows from operating activities (1) 6,847,026 6,807,143 42,317,956
2. Cash Flows From Investing Activities      
Investments (3,804,400) (2,977,619) (2,268,201)
Acquisition of subsidiary, less net cash in the acquisition (460,245) (13,746) (13,570)
Tangible assets (1,126,111) (1,162,774) (1,235,923)
Intangible assets (1,737,548) (1,500,562) (1,018,708)
Non-current assets held for sale (480,496) (300,537)
Disposal 1,099,111 1,050,927 1,105,104
Tangible assets 148,555 37,576 47,096
Intangible assets 144,698 298,146 248,923
Non-current assets held for sale 632,914 563,205 663,067
Dividends and interest on capital received 172,944 152,000 146,018
Total net cash flows from investing activities (2) (2,705,289) (1,926,692) (1,163,097)
3. Cash Flows From Financing Activities      
Acquisition of own shares (506,277) 78,319 (110,223)
Issuance of Instruments Eligible to Compose Capital 5,500,000
Issuance of  other long-term financial liabilities 60,583,109 101,784,961 60,047,656
Dividends and interest on capital paid (7,393,031) (9,907,319) (10,280,430)
Payments of other long-term financial liabilities (39,154,639) (97,220,580) (82,900,914)
Payments of interest of Debt Instruments Eligible to Compose Capital (861,717) (911,306) (914,645)
Net increase in non-controlling interests 20,446 17,415 6,842
Capital Increase in Subsidiaries, by Non-Controlling Interests 66,957
Total net cash flows from financing activities (3) 12,754,848 (658,510) (34,151,714)
Net Increase in Cash (1+2+3) 16,896,585 4,221,941 7,003,145
Cash and cash equivalents at beginning of year 32,668,749 28,446,808 21,443,663
Cash and cash equivalents at end of year R$ 49,565,334 R$ 32,668,749 R$ 28,446,808