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Price: 34.07 BRL 0.74%

Market Cap: R$68.1B

Cash Flow Statement

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Currency: BRL

		Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Operating Cash Flow
Net Income		2 948	3 165	3 519	3 842	4 139	4 487	4 876	5 109	4 995	5 012	4 902	4 882	4 014	4 073	3 918	4 194	4 049	3 730	3 641	3 039	3 540	3 667	3 683	6 211	6 659	6 528	6 406	4 099	3 851	3 945	3 742	3 623	3 933	4 136	4 788	5 465	6 045	6 698	7 184	7 656	7 947	8 137	8 388	8 516	8 703	8 645	8 917	9 000	9 017
Change in Deffered Taxes		4	(13)	3	1	(2)	(0)	(22)	1	1	(0)	(1)	(1)	0	0	(1)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4	6	(16)	(16)	(20)	(23)	1
Other Non-Cash Items		(1 625)	(1 704)	(1 903)	(2 137)	(2 182)	(2 398)	(2 716)	(2 812)	(2 699)	(2 679)	(2 529)	(2 480)	(2 431)	(2 428)	(2 367)	(2 405)	(2 256)	(2 186)	(2 277)	(2 155)	(1 926)	(2 018)	(1 905)	(1 948)	(2 324)	(2 134)	(2 059)	(2 045)	(1 878)	(1 955)	(1 668)	(1 515)	(1 837)	(1 970)	(2 499)	(2 979)	(3 363)	(3 881)	(4 266)	(4 685)	(4 795)	(4 966)	(5 226)	(5 334)	(3 862)	(3 455)	(3 053)	(2 611)	(3 861)
Cash Taxes Paid		512	512	856	644	582	772	609	714	757	821	719	606	0	679	649	733	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1 411	2 573	2 725	2 889	1 636
Change in Working Capital		(210)	18	17	(351)	(430)	(527)	(760)	(1 224)	(1 271)	(1 358)	(737)	(792)	493	194	(195)	77	(139)	181	393	870	(174)	(71)	(72)	(3 567)	(3 440)	(3 454)	(3 637)	(198)	312	560	796	973	730	492	526	624	594	299	434	521	546	768	739	822	(602)	(1 204)	(1 771)	(2 445)	(1 447)
Cash from Operating Activities		1 117 N/A	1 465 +31%	1 636 +12%	1 355 -17%	1 525 +13%	1 562 +2%	1 379 -12%	1 075 -22%	1 025 -5%	975 -5%	1 636 +68%	1 609 -2%	2 075 +29%	1 839 -11%	1 358 -26%	1 866 +37%	1 654 -11%	1 725 +4%	1 757 +2%	1 755 0%	1 439 -18%	1 578 +10%	1 706 +8%	696 -59%	894 +29%	940 +5%	710 -24%	1 856 +161%	2 285 +23%	2 550 +12%	2 870 +13%	3 081 +7%	2 826 -8%	2 657 -6%	2 815 +6%	3 110 +10%	3 275 +5%	3 116 -5%	3 352 +8%	3 492 +4%	3 698 +6%	3 939 +7%	3 906 -1%	4 010 +3%	4 224 +5%	3 969 -6%	4 074 +3%	3 921 -4%	3 711 -5%
Investing Cash Flow
Capital Expenditures		0	0	0	0	0	0	0	0	0	0	0	0	(4)	(5)	(5)	(6)	(2)	(2)	(1)	(1)	(1)	0	0	1	(1)	0	(1)	(1)	(0)	0	(1)	(1)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Items		799	956	1 202	1 636	1 179	1 648	1 402	1 858	1 852	2 036	2 054	1 991	1 919	2 093	2 537	2 577	3 103	2 496	2 507	1 996	4 459	4 411	4 478	8 509	6 292	6 109	5 874	2 120	792	921	312	(164)	1 060	1 211	1 518	2 726	2 637	2 365	2 801	2 353	2 564	3 334	3 518	4 911	5 174	5 551	5 919	4 974	5 628
Cash from Investing Activities		799 N/A	956 +20%	1 202 +26%	1 636 +36%	1 179 -28%	1 648 +40%	1 402 -15%	1 858 +32%	1 852 0%	2 036 +10%	2 054 +1%	1 991 -3%	1 915 -4%	2 089 +9%	2 532 +21%	2 571 +2%	3 101 +21%	2 494 -20%	2 506 +0%	1 995 -20%	4 459 +124%	4 411 -1%	4 478 +2%	8 509 +90%	6 291 -26%	6 108 -3%	5 873 -4%	2 119 -64%	792 -63%	920 +16%	312 -66%	(164) N/A	1 060 N/A	1 211 +14%	1 518 +25%	2 727 +80%	2 637 -3%	2 365 -10%	2 801 +18%	2 353 -16%	2 564 +9%	3 334 +30%	3 518 +6%	4 911 +40%	5 174 +5%	5 551 +7%	5 919 +7%	4 974 -16%	5 628 +13%
Financing Cash Flow
Net Issuance of Common Stock		14	0	0	0	0	(0)	0	0	(49)	(83)	(83)	(83)	(34)	(0)	(0)	(0)	(0)	0	0	0	0	0	0	0	0	0	(2 700)	(2 700)	(2 700)	0	0	0	0	0	0	0	0	0	0	(182)	(624)	(912)	(1 791)	(1 609)	(1 167)	(879)	0	0	0
Cash Paid for Dividends		(1 472)	(2 650)	(2 650)	(2 395)	(2 395)	(2 812)	(2 812)	(3 362)	(3 362)	(3 439)	(3 439)	(3 342)	(3 342)	(3 374)	(3 374)	(3 286)	(3 285)	(3 493)	(3 493)	(3 485)	(3 486)	(5 639)	(5 639)	(5 860)	(5 860)	(5 610)	(5 610)	(5 563)	(5 563)	(2 698)	(2 698)	(1 991)	(1 991)	(2 897)	(2 897)	(3 926)	(3 926)	(5 820)	(5 820)	(6 961)	(6 961)	(5 703)	(5 703)	(5 193)	(5 193)	(7 204)	(7 204)	(8 274)	(8 274)
Cash from Financing Activities		(1 458) N/A	(2 650) -82%	(2 650) N/A	(2 395) +10%	(2 395) N/A	(2 813) -17%	(2 812) +0%	(3 362) -20%	(3 410) -1%	(3 521) -3%	(3 522) 0%	(3 425) +3%	(3 376) +1%	(3 374) +0%	(3 374) 0%	(3 286) +3%	(3 285) +0%	(3 493) -6%	(3 493) N/A	(3 485) +0%	(3 486) 0%	(5 639) -62%	(5 639) +0%	(5 860) -4%	(5 860) +0%	(5 610) +4%	(8 310) -48%	(8 263) +1%	(8 263) +0%	(5 398) +35%	(2 698) +50%	(1 991) +26%	(1 991) 0%	(2 897) -46%	(2 897) 0%	(3 926) -36%	(3 926) 0%	(5 820) -48%	(5 820) +0%	(7 143) -23%	(7 585) -6%	(6 616) +13%	(7 494) -13%	(6 803) +9%	(6 360) +7%	(8 082) -27%	(7 204) +11%	(8 274) -15%	(8 274) N/A
Change in Cash
Net Change in Cash		457 N/A	(229) N/A	187 N/A	595 +218%	309 -48%	397 +29%	(31) N/A	(429) -1 281%	(533) -24%	(510) +4%	168 N/A	175 +4%	614 +251%	554 -10%	516 -7%	1 151 +123%	1 469 +28%	727 -51%	770 +6%	264 -66%	2 412 +813%	350 -86%	545 +56%	3 345 +514%	1 325 -60%	1 438 +9%	(1 727) N/A	(4 288) -148%	(5 186) -21%	(1 928) +63%	483 N/A	926 +92%	1 895 +105%	971 -49%	1 436 +48%	1 911 +33%	1 986 +4%	(339) N/A	334 N/A	(1 298) N/A	(1 324) -2%	657 N/A	(70) N/A	2 119 N/A	3 037 +43%	1 437 -53%	2 789 +94%	621 -78%	1 065 +71%

Income Statement Balance Sheet Cash Flow Statement

Income Statement Balance Sheet Cash Flow Statement

See Also

Relative Valuation

Wall Street Estimates

Profitability Analysis

Solvency Analysis

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