Investor Presentaiton
Consolidated statement of cash flows
Years ended December 31 - All amounts in millions of reais unless otherwise stated (A free translation of the original in Portuguese)
Note
2021
2020
Note
2021
2020
Cash flow from operating activities
Profit (loss) before income tax and social
contribution
Profit (loss) of discontinued operations
10,317
235
(1,467)
Decrease (increase) in assets
Financial investments
Derivative financial instruments
Trade accounts receivable
2,910
(840)
(1,040)
(239)
(592)
73
(12)
Inventory
(2,425)
45
Taxes to recover
62
754
Adjustments to items that do not represent
changes in cash and cash equivalents
Related parties
(25)
33
Depreciation, amortization and depletion
Depreciation, amortization and depletion
- discontinued operations
29
3,637
3,293
Judicial deposits
(30)
125
Other accounts receivable and other
assets
38
(64)
29
90
Increase (decrease) in liabilities
Equity in the results of investees
17 (a)
(585)
(727)
Interest, indexation and foreign exchange
variations
Trade payables
1,851
2,071
Salaries and social charges
Provisions (reversal) for the impairment of
Use of public assets
fixed and intangible assets
30
(559)
2,778
Provisions for the impairment of
investments
30
827
Taxes payable
Advances from customers
Loss on sales of fixed and intangible
Confirming payables
assets, net
104
74
Other obligations and other liabilities
Adjustment to fair value of loans and
financing
Cash provided by operating activities
1,642
(111)
230
250
158
(8)
352
(230)
50
57
729
280
(242)
13,755
6,160
20 (b)
(53)
95
Constitution of provisions, net
602
202
Derivative financial instruments
66
252
Interest paid on borrowing and use of
public assets
(1,425)
(1,320)
Electric power future contracts
16
(171)
54
Income tax and social contribution paid
(1,163)
(407)
Net revenue on sale of investments
30
(629)
(427)
Net cash provided by operating activities
11,167
4,433
Net gain from financial instrument - put
option
6.1.1 (b)
(4,452)
403
Gain on purchase of investee
30
(243)
(366)
PIS and COFINS credit recognition on the
ICMS calculation basis
(168)
Provision (reversal) for estimated loss
from doubtful accounts, net
(44)
Renegotiation of hydrological risk
19
(448)
Loss on debt renegotiation
382
10,971
17
6,028
108
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