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Engie Brasil Energia SA
Buy, Hold or Sell?

Let's analyse Engie together

PenkeI guess you are interested in Engie Brasil Energia SA. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Engie Brasil Energia SA. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Engie (30 sec.)










What can you expect buying and holding a share of Engie? (30 sec.)

How much money do you get?

How much money do you get?
$0.57
When do you have the money?
1 year
How often do you get paid?
92.5%

What is your share worth?

Current worth
$2.83
Expected worth in 1 year
$3.44
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
$1.18
Return On Investment
14.2%

For what price can you sell your share?

Current Price per Share
$8.33
Expected price per share
$7.236999 - $14.03
How sure are you?
50%

1. Valuation of Engie (5 min.)




Live pricePrice per Share (EOD)

$8.33

Intrinsic Value Per Share

$-3.83 - $1.67

Total Value Per Share

$-1.00 - $4.50

2. Growth of Engie (5 min.)




Is Engie growing?

Current yearPrevious yearGrowGrow %
How rich?$2.3b$1.6b$324.7m16.4%

How much money is Engie making?

Current yearPrevious yearGrowGrow %
Making money$207.3m$142.1m$65.2m31.5%
Net Profit Margin40.5%24.7%--

How much money comes from the company's main activities?

3. Financial Health of Engie (5 min.)




What can you expect buying and holding a share of Engie? (5 min.)

Welcome investor! Engie's management wants to use your money to grow the business. In return you get a share of Engie.

What can you expect buying and holding a share of Engie?

First you should know what it really means to hold a share of Engie. And how you can make/lose money.

Speculation

The Price per Share of Engie is $8.33. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Engie.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Engie, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $2.83. Based on the TTM, the Book Value Change Per Share is $0.15 per quarter. Based on the YOY, the Book Value Change Per Share is $0.05 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.14 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Engie.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.404.9%0.253.1%0.172.0%0.162.0%0.121.4%
Usd Book Value Change Per Share0.475.7%0.151.8%0.050.6%0.060.7%0.040.4%
Usd Dividend Per Share0.000.0%0.141.7%0.101.1%0.131.5%0.111.3%
Usd Total Gains Per Share0.475.7%0.303.5%0.151.8%0.192.2%0.141.7%
Usd Price Per Share8.04-8.68-8.23-8.61-9.54-
Price to Earnings Ratio4.97-9.55-14.56-18.57-35.40-
Price-to-Total Gains Ratio17.01-217.07-0.22-63.31-54.21-
Price to Book Ratio2.84-3.64-4.10-4.44-5.63-
Price-to-Total Gains Ratio17.01-217.07-0.22-63.31-54.21-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share8.33
Number of shares120
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.140.13
Usd Book Value Change Per Share0.150.06
Usd Total Gains Per Share0.300.19
Gains per Quarter (120 shares)35.4222.44
Gains per Year (120 shares)141.6989.77
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
16973132622880
213714627412356170
320621941618585260
4274292558246113350
5343365700308141440
6412439842369169530
7480512984431198620
85495851126492226710
96176581268554254800
106867311410615282890

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%61.00.00.0100.0%
Book Value Change Per Share4.00.00.0100.0%10.02.00.083.3%15.05.00.075.0%28.012.00.070.0%41.017.03.067.2%
Dividend per Share2.00.02.050.0%9.00.03.075.0%17.00.03.085.0%37.00.03.092.5%53.00.08.086.9%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%17.03.00.085.0%32.08.00.080.0%50.09.02.082.0%

Fundamentals of Engie

About Engie Brasil Energia SA

Engie Brasil Energia S.A., together with its subsidiaries, generates, sells, and trades in electrical energy in Brazil. The company operates 76 plants, including 11 hydroelectric power plants; 1 thermal power plants; 50 wind farms; 3 biomass; 9 photovoltaic and solar power plant; and 2 small hydroelectric plants. As of December 31, 2022, it had an installed capacity of 8,453.3 megawatts. The company also transports natural gas through 4,500 km of gas pipelines. In addition, it manufactures, wholesales, retails, operates, and maintains solar panels. The company was formerly known as Tractebel Energia S.A. and changed its name to Engie Brasil Energia S.A. in July 2016. The company was founded in 2005 and is headquartered in Florianópolis, Brazil. Engie Brasil Energia S.A. operates as a subsidiary of ENGIE Brasil Participações Ltda.

Fundamental data was last updated by Penke on 2024-05-16 05:59:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Engie Brasil Energia SA.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Engie earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Engie to the Utilities - Renewable industry mean.
  • A Net Profit Margin of 64.5% means that $0.65 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Engie Brasil Energia SA:

  • The MRQ is 64.5%. The company is making a huge profit. +2
  • The TTM is 40.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ64.5%TTM40.5%+24.0%
TTM40.5%YOY24.7%+15.8%
TTM40.5%5Y24.5%+16.0%
5Y24.5%10Y24.6%-0.1%
1.1.2. Return on Assets

Shows how efficient Engie is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Engie to the Utilities - Renewable industry mean.
  • 3.7% Return on Assets means that Engie generated $0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Engie Brasil Energia SA:

  • The MRQ is 3.7%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.5%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.7%TTM2.5%+1.2%
TTM2.5%YOY1.9%+0.6%
TTM2.5%5Y1.9%+0.6%
5Y1.9%10Y2.3%-0.4%
1.1.3. Return on Equity

Shows how efficient Engie is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Engie to the Utilities - Renewable industry mean.
  • 15.6% Return on Equity means Engie generated $0.16 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Engie Brasil Energia SA:

  • The MRQ is 15.6%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 11.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ15.6%TTM11.3%+4.3%
TTM11.3%YOY8.5%+2.8%
TTM11.3%5Y8.4%+2.9%
5Y8.4%10Y7.7%+0.8%

1.2. Operating Efficiency of Engie Brasil Energia SA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Engie is operating .

  • Measures how much profit Engie makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Engie to the Utilities - Renewable industry mean.
  • An Operating Margin of 54.1% means the company generated $0.54  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Engie Brasil Energia SA:

  • The MRQ is 54.1%. The company is operating very efficient. +2
  • The TTM is 55.7%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ54.1%TTM55.7%-1.6%
TTM55.7%YOY47.2%+8.4%
TTM55.7%5Y47.8%+7.9%
5Y47.8%10Y43.4%+4.4%
1.2.2. Operating Ratio

Measures how efficient Engie is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
  • An Operation Ratio of 0.46 means that the operating costs are $0.46 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Engie Brasil Energia SA:

  • The MRQ is 0.459. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.501. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.459TTM0.501-0.042
TTM0.501YOY0.598-0.097
TTM0.5015Y0.562-0.061
5Y0.56210Y0.587-0.025

1.3. Liquidity of Engie Brasil Energia SA.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Engie is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Utilities - Renewable industry mean).
  • A Current Ratio of 1.46 means the company has $1.46 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Engie Brasil Energia SA:

  • The MRQ is 1.457. The company is just able to pay all its short-term debts.
  • The TTM is 1.309. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.457TTM1.309+0.148
TTM1.309YOY1.276+0.033
TTM1.3095Y1.362-0.053
5Y1.36210Y1.425-0.063
1.3.2. Quick Ratio

Measures if Engie is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Engie to the Utilities - Renewable industry mean.
  • A Quick Ratio of 1.29 means the company can pay off $1.29 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Engie Brasil Energia SA:

  • The MRQ is 1.292. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.222. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.292TTM1.222+0.070
TTM1.222YOY1.139+0.083
TTM1.2225Y1.335-0.114
5Y1.33510Y1.374-0.039

1.4. Solvency of Engie Brasil Energia SA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Engie assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Engie to Utilities - Renewable industry mean.
  • A Debt to Asset Ratio of 0.74 means that Engie assets are financed with 74.1% credit (debt) and the remaining percentage (100% - 74.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Engie Brasil Energia SA:

  • The MRQ is 0.741. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.760. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.741TTM0.760-0.019
TTM0.760YOY0.786-0.026
TTM0.7605Y0.774-0.014
5Y0.77410Y0.683+0.091
1.4.2. Debt to Equity Ratio

Measures if Engie is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Engie to the Utilities - Renewable industry mean.
  • A Debt to Equity ratio of 312.4% means that company has $3.12 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Engie Brasil Energia SA:

  • The MRQ is 3.124. The company is unable to pay all its debts with equity. -1
  • The TTM is 3.512. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ3.124TTM3.512-0.388
TTM3.512YOY3.687-0.175
TTM3.5125Y3.526-0.014
5Y3.52610Y2.524+1.002

2. Market Valuation of Engie Brasil Energia SA

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Engie generates.

  • Above 15 is considered overpriced but always compare Engie to the Utilities - Renewable industry mean.
  • A PE ratio of 4.97 means the investor is paying $4.97 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Engie Brasil Energia SA:

  • The EOD is 5.148. Based on the earnings, the company is cheap. +2
  • The MRQ is 4.969. Based on the earnings, the company is cheap. +2
  • The TTM is 9.550. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD5.148MRQ4.969+0.179
MRQ4.969TTM9.550-4.581
TTM9.550YOY14.561-5.011
TTM9.5505Y18.567-9.017
5Y18.56710Y35.400-16.833
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Engie Brasil Energia SA:

  • The EOD is -60.302. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -58.203. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 1.087. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD-60.302MRQ-58.203-2.099
MRQ-58.203TTM1.087-59.290
TTM1.087YOY21.941-20.854
TTM1.0875Y-1.544+2.632
5Y-1.54410Y-9.439+7.894
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Engie is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
  • A PB ratio of 2.84 means the investor is paying $2.84 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Engie Brasil Energia SA:

  • The EOD is 2.943. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.840. Based on the equity, the company is underpriced. +1
  • The TTM is 3.636. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD2.943MRQ2.840+0.102
MRQ2.840TTM3.636-0.795
TTM3.636YOY4.103-0.467
TTM3.6365Y4.435-0.800
5Y4.43510Y5.630-1.195
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Engie Brasil Energia SA compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.4730.152+210%0.053+789%0.059+704%0.037+1184%
Book Value Per Share--2.8312.420+17%2.022+40%1.985+43%1.776+59%
Current Ratio--1.4571.309+11%1.276+14%1.362+7%1.425+2%
Debt To Asset Ratio--0.7410.760-2%0.786-6%0.774-4%0.683+8%
Debt To Equity Ratio--3.1243.512-11%3.687-15%3.526-11%2.524+24%
Dividend Per Share---0.143-100%0.096-100%0.128-100%0.107-100%
Eps--0.4050.254+59%0.165+145%0.165+145%0.120+237%
Free Cash Flow Per Share---0.0350.108-132%0.115-130%0.088-139%0.055-163%
Free Cash Flow To Equity Per Share---0.1640.114-244%-0.112-32%0.071-331%0.034-580%
Gross Profit Margin--0.9690.980-1%0.980-1%0.9730%0.973-1%
Intrinsic Value_10Y_max--1.669--------
Intrinsic Value_10Y_min---3.829--------
Intrinsic Value_1Y_max--0.358--------
Intrinsic Value_1Y_min--0.117--------
Intrinsic Value_3Y_max--0.930--------
Intrinsic Value_3Y_min---0.081--------
Intrinsic Value_5Y_max--1.327--------
Intrinsic Value_5Y_min---0.749--------
Market Cap6796680240.000+3%6560061120.0007083274950.000-7%6713047620.000-2%7023820141.036-7%7781272113.882-16%
Net Profit Margin--0.6450.405+59%0.247+161%0.245+163%0.246+162%
Operating Margin--0.5410.557-3%0.472+15%0.478+13%0.434+25%
Operating Ratio--0.4590.501-8%0.598-23%0.562-18%0.587-22%
Pb Ratio2.943+3%2.8403.636-22%4.103-31%4.435-36%5.630-50%
Pe Ratio5.148+3%4.9699.550-48%14.561-66%18.567-73%35.400-86%
Price Per Share8.330+3%8.0408.681-7%8.228-2%8.608-7%9.537-16%
Price To Free Cash Flow Ratio-60.302-4%-58.2031.087-5453%21.941-365%-1.544-97%-9.439-84%
Price To Total Gains Ratio17.621+3%17.008217.071-92%0.222+7553%63.314-73%54.213-69%
Quick Ratio--1.2921.222+6%1.139+13%1.335-3%1.374-6%
Return On Assets--0.0370.025+49%0.019+100%0.019+97%0.023+61%
Return On Equity--0.1560.113+38%0.085+83%0.084+85%0.077+104%
Total Gains Per Share--0.4730.295+60%0.149+218%0.187+153%0.143+230%
Usd Book Value--2309682816.0001974230580.000+17%1649506943.000+40%1619304097.600+43%1449245393.400+59%
Usd Book Value Change Per Share--0.4730.152+210%0.053+789%0.059+704%0.037+1184%
Usd Book Value Per Share--2.8312.420+17%2.022+40%1.985+43%1.776+59%
Usd Dividend Per Share---0.143-100%0.096-100%0.128-100%0.107-100%
Usd Eps--0.4050.254+59%0.165+145%0.165+145%0.120+237%
Usd Free Cash Flow---28177744.00087977932.000-132%93465638.000-130%72043925.800-139%44502579.100-163%
Usd Free Cash Flow Per Share---0.0350.108-132%0.115-130%0.088-139%0.055-163%
Usd Free Cash Flow To Equity Per Share---0.1640.114-244%-0.112-32%0.071-331%0.034-580%
Usd Market Cap6796680240.000+3%6560061120.0007083274950.000-7%6713047620.000-2%7023820141.036-7%7781272113.882-16%
Usd Price Per Share8.330+3%8.0408.681-7%8.228-2%8.608-7%9.537-16%
Usd Profit--330082424.000207360160.000+59%142108232.000+132%136046393.000+143%112242957.400+194%
Usd Revenue--511445732.000511729197.0000%576144548.000-11%563787698.600-9%457937962.300+12%
Usd Total Gains Per Share--0.4730.295+60%0.149+218%0.187+153%0.143+230%
 EOD+5 -3MRQTTM+22 -14YOY+24 -125Y+22 -1410Y+21 -15

3.2. Fundamental Score

Let's check the fundamental score of Engie Brasil Energia SA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-155.148
Price to Book Ratio (EOD)Between0-12.943
Net Profit Margin (MRQ)Greater than00.645
Operating Margin (MRQ)Greater than00.541
Quick Ratio (MRQ)Greater than11.292
Current Ratio (MRQ)Greater than11.457
Debt to Asset Ratio (MRQ)Less than10.741
Debt to Equity Ratio (MRQ)Less than13.124
Return on Equity (MRQ)Greater than0.150.156
Return on Assets (MRQ)Greater than0.050.037
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Engie Brasil Energia SA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.117
Ma 20Greater thanMa 508.018
Ma 50Greater thanMa 1007.950
Ma 100Greater thanMa 2008.123
OpenGreater thanClose8.505
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2023-03-312023-06-302023-09-302023-12-312024-03-31
Total Other Income Expense Net -113,912-25,020-138,93281,092-57,840-5,439-63,279224,405161,126



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in BRL. All numbers in thousands.

Summary
Total Assets45,457,951
Total Liabilities33,673,855
Total Stockholder Equity10,778,843
 As reported
Total Liabilities 33,673,855
Total Stockholder Equity+ 10,778,843
Total Assets = 45,457,951

Assets

Total Assets45,457,951
Total Current Assets8,595,868
Long-term Assets36,862,083
Total Current Assets
Cash And Cash Equivalents 5,262,245
Short-term Investments 7,024
Net Receivables 2,344,179
Other Current Assets 982,420
Total Current Assets  (as reported)8,595,868
Total Current Assets  (calculated)8,595,868
+/-0
Long-term Assets
Property Plant Equipment 19,790,950
Intangible Assets 5,306,177
Long-term Assets Other 753,747
Long-term Assets  (as reported)36,862,083
Long-term Assets  (calculated)25,850,874
+/- 11,011,209

Liabilities & Shareholders' Equity

Total Current Liabilities5,900,314
Long-term Liabilities27,773,541
Total Stockholder Equity10,778,843
Total Current Liabilities
Short-term Debt 2,711,656
Short Long Term Debt 2,036,223
Accounts payable 993,513
Other Current Liabilities 1,521,840
Total Current Liabilities  (as reported)5,900,314
Total Current Liabilities  (calculated)7,263,232
+/- 1,362,918
Long-term Liabilities
Long term Debt 19,191,724
Long-term Liabilities Other 547,791
Long-term Liabilities  (as reported)27,773,541
Long-term Liabilities  (calculated)19,739,515
+/- 8,034,026
Total Stockholder Equity
Common Stock4,902,648
Retained Earnings 5,392,376
Accumulated Other Comprehensive Income 483,819
Other Stockholders Equity 0
Total Stockholder Equity (as reported)10,778,843
Total Stockholder Equity (calculated)10,778,843
+/-0
Other
Capital Stock4,902,648
Cash and Short Term Investments 5,269,269
Common Stock Shares Outstanding 815,928
Current Deferred Revenue673,305
Liabilities and Stockholders Equity 45,457,951
Net Debt 21,961,105
Net Invested Capital 32,006,790
Net Working Capital 2,906,593
Property Plant and Equipment Gross 31,415,026
Short Long Term Debt Total 27,223,350



Balance Sheet

Currency in BRL. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-31
> Total Assets 
0
0
0
9,654,142
9,521,834
9,536,118
11,665,761
12,850,288
12,997,690
12,197,897
12,783,889
12,371,221
12,258,427
11,658,794
11,626,718
12,264,416
12,127,365
12,204,071
12,150,960
12,654,397
12,863,045
12,427,952
12,327,230
13,620,546
14,106,640
14,214,672
14,675,612
15,300,673
14,893,758
14,499,717
15,621,291
14,419,691
14,792,314
14,813,559
15,235,725
19,568,513
18,936,577
20,228,352
22,737,832
23,735,545
23,425,298
27,577,405
27,904,721
30,135,578
31,399,198
32,193,656
34,397,622
35,186,248
35,937,734
37,828,489
38,840,662
38,115,725
39,605,144
39,662,950
39,685,534
38,186,752
39,605,625
40,262,962
39,397,401
42,224,473
45,457,951
45,457,95142,224,47339,397,40140,262,96239,605,62538,186,75239,685,53439,662,95039,605,14438,115,72538,840,66237,828,48935,937,73435,186,24834,397,62232,193,65631,399,19830,135,57827,904,72127,577,40523,425,29823,735,54522,737,83220,228,35218,936,57719,568,51315,235,72514,813,55914,792,31414,419,69115,621,29114,499,71714,893,75815,300,67314,675,61214,214,67214,106,64013,620,54612,327,23012,427,95212,863,04512,654,39712,150,96012,204,07112,127,36512,264,41611,626,71811,658,79412,258,42712,371,22112,783,88912,197,89712,997,69012,850,28811,665,7619,536,1189,521,8349,654,142000
   > Total Current Assets 
0
0
0
1,888,781
1,434,488
1,546,406
1,957,829
1,906,733
2,056,476
1,268,304
1,943,860
1,612,706
1,531,979
1,232,514
1,278,393
1,985,305
1,867,584
1,872,163
1,788,689
2,338,458
2,401,269
2,000,593
2,035,584
3,284,956
3,414,354
3,477,219
3,547,664
4,443,105
4,068,797
3,607,107
4,530,898
3,355,091
3,435,856
3,009,796
3,091,044
3,735,779
2,712,584
3,131,449
4,388,038
4,556,677
3,489,298
4,018,821
4,474,457
6,745,671
7,305,287
8,108,917
9,135,347
7,733,297
7,291,161
8,718,941
8,598,380
8,517,934
8,048,054
7,815,963
9,389,673
7,378,528
8,041,228
7,818,425
6,324,336
8,913,451
8,595,868
8,595,8688,913,4516,324,3367,818,4258,041,2287,378,5289,389,6737,815,9638,048,0548,517,9348,598,3808,718,9417,291,1617,733,2979,135,3478,108,9177,305,2876,745,6714,474,4574,018,8213,489,2984,556,6774,388,0383,131,4492,712,5843,735,7793,091,0443,009,7963,435,8563,355,0914,530,8983,607,1074,068,7974,443,1053,547,6643,477,2193,414,3543,284,9562,035,5842,000,5932,401,2692,338,4581,788,6891,872,1631,867,5841,985,3051,278,3931,232,5141,531,9791,612,7061,943,8601,268,3042,056,4761,906,7331,957,8291,546,4061,434,4881,888,781000
       Cash And Cash Equivalents 
0
0
0
1,254,640
825,309
861,082
1,174,420
1,082,580
1,290,965
542,494
1,127,573
781,808
645,077
482,943
423,336
1,179,976
815,302
985,329
765,300
1,224,276
1,132,671
818,036
450,140
1,604,731
1,618,102
1,744,458
1,941,737
2,396,854
2,263,473
2,104,723
3,085,348
1,815,340
1,851,322
1,505,457
1,561,517
1,930,070
716,144
1,046,381
2,442,566
2,415,792
950,274
1,642,323
1,719,426
3,870,261
4,188,050
4,799,482
5,696,689
4,538,946
4,314,022
5,074,016
4,639,451
5,156,406
4,587,654
4,313,392
3,764,944
2,235,887
2,941,750
4,753,812
3,085,251
5,255,767
5,262,245
5,262,2455,255,7673,085,2514,753,8122,941,7502,235,8873,764,9444,313,3924,587,6545,156,4064,639,4515,074,0164,314,0224,538,9465,696,6894,799,4824,188,0503,870,2611,719,4261,642,323950,2742,415,7922,442,5661,046,381716,1441,930,0701,561,5171,505,4571,851,3221,815,3403,085,3482,104,7232,263,4732,396,8541,941,7371,744,4581,618,1021,604,731450,140818,0361,132,6711,224,276765,300985,329815,3021,179,976423,336482,943645,077781,8081,127,573542,4941,290,9651,082,5801,174,420861,082825,3091,254,640000
       Short-term Investments 
0
0
0
0
3,260
16,429
16,914
-190,441
27,926
0
0
0
-239,492
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
301,904
367,298
279,951
274,584
393,704
617,983
403,537
396,148
585,003
653,617
567,008
413,550
625,935
506,055
1,291,648
827,736
540,285
527,986
580,522
576,655
573,730
369,277
373,561
375,658
87,684
7,024
7,02487,684375,658373,561369,277573,730576,655580,522527,986540,285827,7361,291,648506,055625,935413,550567,008653,617585,003396,148403,537617,983393,704274,584279,951367,298301,9040000000000000000000000-239,49200027,926-190,44116,91416,4293,2600000
       Net Receivables 
0
0
0
524,108
534,338
595,856
684,742
696,568
0
631,492
761,426
692,941
748,838
631,846
738,133
689,597
868,824
764,097
879,401
962,231
1,109,422
1,016,583
1,374,193
1,547,171
1,642,563
1,577,157
1,449,267
1,856,732
1,554,782
1,229,423
1,198,917
1,317,993
1,371,512
1,267,412
1,273,175
1,095,135
1,210,467
1,304,554
1,183,517
1,389,490
1,574,581
1,615,064
1,905,216
1,840,113
2,051,626
2,141,108
2,448,115
2,179,149
2,045,535
1,855,071
2,760,820
2,477,292
2,572,379
2,514,445
4,786,103
2,246,536
2,175,268
2,177,833
2,266,806
2,700,314
2,344,179
2,344,1792,700,3142,266,8062,177,8332,175,2682,246,5364,786,1032,514,4452,572,3792,477,2922,760,8201,855,0712,045,5352,179,1492,448,1152,141,1082,051,6261,840,1131,905,2161,615,0641,574,5811,389,4901,183,5171,304,5541,210,4671,095,1351,273,1751,267,4121,371,5121,317,9931,198,9171,229,4231,554,7821,856,7321,449,2671,577,1571,642,5631,547,1711,374,1931,016,5831,109,422962,231879,401764,097868,824689,597738,133631,846748,838692,941761,426631,4920696,568684,742595,856534,338524,108000
       Other Current Assets 
0
0
0
65,381
31,823
31,756
37,344
81,553
685,890
51,101
7,541
95,120
88,783
70,815
75,398
70,981
129,338
60,812
80,767
87,888
90,288
92,956
137,506
65,124
75,366
65,929
70,762
100,683
151,438
168,631
149,984
116,217
102,742
131,110
150,721
310,421
280,422
367,301
391,809
240,544
221,746
224,922
309,637
315,848
311,674
426,271
404,486
257,002
286,337
350,405
250,320
234,379
207,851
234,367
204,511
318,872
231,170
676,803
817,068
869,686
982,420
982,420869,686817,068676,803231,170318,872204,511234,367207,851234,379250,320350,405286,337257,002404,486426,271311,674315,848309,637224,922221,746240,544391,809367,301280,422310,421150,721131,110102,742116,217149,984168,631151,438100,68370,76265,92975,36665,124137,50692,95690,28887,88880,76760,812129,33870,98175,39870,81588,78395,1207,54151,101685,89081,55337,34431,75631,82365,381000
   > Long-term Assets 
0
0
0
7,765,361
8,087,346
7,989,712
9,707,932
10,943,555
10,941,214
10,929,593
10,840,029
10,758,515
10,726,448
10,426,280
10,348,325
10,279,111
10,259,781
10,331,908
10,362,271
10,315,939
10,461,776
10,427,359
10,291,646
10,335,590
10,692,286
10,737,453
11,127,948
10,857,568
10,824,961
10,892,610
11,090,393
11,064,600
11,356,458
11,803,763
12,144,681
15,832,734
16,223,993
17,096,903
18,349,794
19,178,868
19,936,000
23,558,584
23,430,264
23,389,907
24,093,911
24,084,739
25,262,275
27,452,951
28,646,573
29,109,548
30,242,282
29,597,791
31,557,090
31,846,987
30,295,861
30,808,224
31,564,397
32,444,537
33,073,065
33,311,022
36,862,083
36,862,08333,311,02233,073,06532,444,53731,564,39730,808,22430,295,86131,846,98731,557,09029,597,79130,242,28229,109,54828,646,57327,452,95125,262,27524,084,73924,093,91123,389,90723,430,26423,558,58419,936,00019,178,86818,349,79417,096,90316,223,99315,832,73412,144,68111,803,76311,356,45811,064,60011,090,39310,892,61010,824,96110,857,56811,127,94810,737,45310,692,28610,335,59010,291,64610,427,35910,461,77610,315,93910,362,27110,331,90810,259,78110,279,11110,348,32510,426,28010,726,44810,758,51510,840,02910,929,59310,941,21410,943,5559,707,9327,989,7128,087,3467,765,361000
       Property Plant Equipment 
0
0
0
6,978,033
6,953,149
6,895,372
8,941,408
9,976,009
9,970,752
9,961,062
9,932,512
9,885,151
9,860,657
9,814,715
9,734,435
9,683,085
9,684,959
9,736,083
9,759,770
9,708,227
9,724,737
9,635,896
9,555,319
9,658,078
9,714,793
9,828,232
9,847,250
9,897,550
9,935,010
10,014,844
10,214,041
10,194,898
10,482,995
10,924,781
11,310,933
11,678,108
12,039,136
12,654,310
13,764,885
14,635,467
15,138,036
15,441,056
15,256,308
15,492,077
15,553,041
15,407,096
15,381,444
15,684,839
15,732,457
15,606,219
15,595,527
14,523,945
15,539,318
15,519,478
13,976,388
14,196,959
14,453,322
14,890,801
15,314,860
16,563,397
19,790,950
19,790,95016,563,39715,314,86014,890,80114,453,32214,196,95913,976,38815,519,47815,539,31814,523,94515,595,52715,606,21915,732,45715,684,83915,381,44415,407,09615,553,04115,492,07715,256,30815,441,05615,138,03614,635,46713,764,88512,654,31012,039,13611,678,10811,310,93310,924,78110,482,99510,194,89810,214,04110,014,8449,935,0109,897,5509,847,2509,828,2329,714,7939,658,0789,555,3199,635,8969,724,7379,708,2279,759,7709,736,0839,684,9599,683,0859,734,4359,814,7159,860,6579,885,1519,932,5129,961,0629,970,7529,976,0098,941,4086,895,3726,953,1496,978,033000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
719
0
0
0
0
135,524
0
135,524
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
40,828
40,828
40,828
40,828
40,828
18,522
18,522
98,769
98,769
80,247
0
0
0
80,247
80,247
80,247
80,247
173,654
173,654
173,654
173,654
173,654
0
0173,654173,654173,654173,654173,65480,24780,24780,24780,24700080,24798,76998,76918,52218,52240,82840,82840,82840,82840,828000000000000000135,5240135,5240000719000000000000000
       Long Term Investments 
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
0
0
0
4,886
7,281
3,843
4,665
683,620
694,559
591,546
576,397
597,122
1
2
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000001121597,122576,397591,546694,559683,6204,6653,8437,2814,8860000000000000000000000000000000
       Intangible Assets 
0
0
0
115,062
112,597
91,835
93,477
95,521
94,972
0
89,920
96,549
95,465
0
0
108,781
0
124,333
131,280
126,352
123,204
0
177,948
196,516
194,880
207,527
210,775
243,323
255,094
254,608
252,992
252,514
250,928
256,850
266,219
1,308,951
1,299,079
1,288,808
1,280,054
1,272,017
1,261,608
1,254,238
1,246,712
1,278,247
1,507,781
1,501,576
1,492,912
2,433,743
2,559,018
2,547,573
2,932,687
3,957,909
3,944,610
4,166,271
4,111,325
4,134,944
4,088,496
4,286,702
4,238,217
4,091,783
5,306,177
5,306,1774,091,7834,238,2174,286,7024,088,4964,134,9444,111,3254,166,2713,944,6103,957,9092,932,6872,547,5732,559,0182,433,7431,492,9121,501,5761,507,7811,278,2471,246,7121,254,2381,261,6081,272,0171,280,0541,288,8081,299,0791,308,951266,219256,850250,928252,514252,992254,608255,094243,323210,775207,527194,880196,516177,9480123,204126,352131,280124,3330108,7810095,46596,54989,920094,97295,52193,47791,835112,597115,062000
       Other Assets 
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
0
0
0
612,302
615,254
184,265
175,246
175,452
176,961
214,430
235,934
235,217
1,033,665
1,016,956
1,408,512
1,240,199
2,311,093
2,628,602
3,481,887
4,329,890
5,391,543
5,781,702
6,508,753
5,939,870
6,162,485
6,398,442
6,301,731
6,567,785
0
6,848,894
0
0
0
0006,848,89406,567,7856,301,7316,398,4426,162,4855,939,8706,508,7535,781,7025,391,5434,329,8903,481,8872,628,6022,311,0931,240,1991,408,5121,016,9561,033,665235,217235,934214,430176,961175,452175,246184,265615,254612,3020000000000000000000000000000000
> Total Liabilities 
0
0
0
5,972,875
5,591,865
5,334,668
7,426,348
7,777,604
7,618,052
6,617,755
7,529,482
6,920,963
6,995,989
6,052,004
6,321,365
6,801,576
6,776,666
6,529,358
6,842,272
7,289,786
7,209,203
7,162,153
6,903,321
7,965,597
7,992,044
8,092,946
8,327,490
8,658,537
8,027,200
7,650,244
9,034,101
7,805,297
7,733,385
7,662,085
8,678,803
12,733,788
11,613,391
12,941,110
16,118,810
17,414,968
16,536,973
20,382,732
20,333,471
23,136,758
24,651,656
24,758,913
27,248,883
27,444,250
27,845,997
29,658,790
30,954,396
30,183,128
31,241,923
31,736,407
31,637,048
29,746,580
30,357,419
30,965,121
30,005,128
32,408,263
33,673,855
33,673,85532,408,26330,005,12830,965,12130,357,41929,746,58031,637,04831,736,40731,241,92330,183,12830,954,39629,658,79027,845,99727,444,25027,248,88324,758,91324,651,65623,136,75820,333,47120,382,73216,536,97317,414,96816,118,81012,941,11011,613,39112,733,7888,678,8037,662,0857,733,3857,805,2979,034,1017,650,2448,027,2008,658,5378,327,4908,092,9467,992,0447,965,5976,903,3217,162,1537,209,2037,289,7866,842,2726,529,3586,776,6666,801,5766,321,3656,052,0046,995,9896,920,9637,529,4826,617,7557,618,0527,777,6047,426,3485,334,6685,591,8655,972,875000
   > Total Current Liabilities 
0
0
0
1,488,341
1,239,293
1,702,321
2,559,046
2,259,838
2,108,457
1,289,422
2,071,174
1,559,196
1,662,008
1,056,531
1,434,909
1,690,673
1,695,587
1,513,814
1,805,184
2,183,704
1,867,927
1,940,408
1,899,599
1,954,081
1,809,787
1,895,045
1,698,446
2,988,664
2,428,695
2,074,568
2,856,943
1,800,794
1,491,991
1,588,699
2,508,927
5,676,471
4,327,783
2,097,572
3,224,954
4,170,261
2,975,353
3,768,873
3,302,317
5,979,644
5,865,344
5,520,632
5,880,623
5,380,926
4,067,742
5,709,206
5,898,206
5,775,159
5,791,562
5,589,275
7,457,749
5,890,219
6,735,339
6,118,500
5,807,371
6,305,134
5,900,314
5,900,3146,305,1345,807,3716,118,5006,735,3395,890,2197,457,7495,589,2755,791,5625,775,1595,898,2065,709,2064,067,7425,380,9265,880,6235,520,6325,865,3445,979,6443,302,3173,768,8732,975,3534,170,2613,224,9542,097,5724,327,7835,676,4712,508,9271,588,6991,491,9911,800,7942,856,9432,074,5682,428,6952,988,6641,698,4461,895,0451,809,7871,954,0811,899,5991,940,4081,867,9272,183,7041,805,1841,513,8141,695,5871,690,6731,434,9091,056,5311,662,0081,559,1962,071,1741,289,4222,108,4572,259,8382,559,0461,702,3211,239,2931,488,341000
       Short-term Debt 
0
0
0
347,753
390,801
1,008,476
837,740
1,283,940
1,159,491
474,926
426,627
417,464
433,230
406,499
554,356
527,085
673,079
662,172
660,701
666,915
535,146
355,772
431,546
454,763
832,098
828,828
646,674
1,712,490
1,279,720
1,199,461
1,226,824
299,743
325,625
336,550
326,008
3,075,918
3,132,190
853,618
910,426
664,882
651,750
1,475,737
1,607,442
2,861,984
3,682,497
3,653,728
3,391,986
1,844,147
2,090,741
2,293,658
2,206,515
3,410,502
3,305,360
2,713,314
2,624,210
1,652,968
2,396,615
1,976,383
2,178,965
3,214,609
2,711,656
2,711,6563,214,6092,178,9651,976,3832,396,6151,652,9682,624,2102,713,3143,305,3603,410,5022,206,5152,293,6582,090,7411,844,1473,391,9863,653,7283,682,4972,861,9841,607,4421,475,737651,750664,882910,426853,6183,132,1903,075,918326,008336,550325,625299,7431,226,8241,199,4611,279,7201,712,490646,674828,828832,098454,763431,546355,772535,146666,915660,701662,172673,079527,085554,356406,499433,230417,464426,627474,9261,159,4911,283,940837,7401,008,476390,801347,753000
       Short Long Term Debt 
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
0
0
0
3,110,578
3,277,256
973,900
104,047
929,166
946,580
218,149
226,581
172,762
651,750
1,461,656
1,592,009
2,842,160
3,662,645
3,633,739
3,371,603
1,825,003
2,072,074
2,274,837
2,188,540
3,390,934
3,282,522
1,640,023
1,504,792
1,652,968
2,396,615
1,976,383
2,178,965
2,549,863
2,036,223
2,036,2232,549,8632,178,9651,976,3832,396,6151,652,9681,504,7921,640,0233,282,5223,390,9342,188,5402,274,8372,072,0741,825,0033,371,6033,633,7393,662,6452,842,1601,592,0091,461,656651,750172,762226,581218,149946,580929,166104,047973,9003,277,2563,110,5780000000000000000000000000000000
       Accounts payable 
0
0
0
283,536
265,538
262,180
646,771
268,851
254,263
264,264
323,423
234,336
266,972
259,393
262,829
219,328
274,937
213,586
317,179
510,346
789,564
621,606
390,560
641,702
490,939
646,374
623,351
573,573
649,465
366,098
367,518
371,149
392,004
472,403
449,457
617,396
551,303
669,605
593,957
588,471
525,258
581,903
537,848
765,020
767,785
611,431
681,365
861,752
794,615
779,013
990,139
649,962
609,664
609,743
569,452
535,398
522,359
676,443
632,700
798,963
993,513
993,513798,963632,700676,443522,359535,398569,452609,743609,664649,962990,139779,013794,615861,752681,365611,431767,785765,020537,848581,903525,258588,471593,957669,605551,303617,396449,457472,403392,004371,149367,518366,098649,465573,573623,351646,374490,939641,702390,560621,606789,564510,346317,179213,586274,937219,328262,829259,393266,972234,336323,423264,264254,263268,851646,771262,180265,538283,536000
       Other Current Liabilities 
0
0
0
114,626
81,054
82,661
154,233
69,872
503,174
98,969
923,015
149,494
136,812
144,622
210,762
108,470
107,214
164,466
179,475
128,202
195,794
176,762
173,156
171,156
157,410
107,648
115,438
104,636
95,865
160,538
197,821
206,330
200,809
243,630
220,123
203,358
210,684
180,203
187,687
246,624
314,733
328,317
442,648
312,532
315,655
337,240
309,915
238,687
204,801
411,117
529,855
769,364
1,876,538
2,266,218
4,264,087
3,701,853
3,816,365
720,052
961,813
1,688,515
1,521,840
1,521,8401,688,515961,813720,0523,816,3653,701,8534,264,0872,266,2181,876,538769,364529,855411,117204,801238,687309,915337,240315,655312,532442,648328,317314,733246,624187,687180,203210,684203,358220,123243,630200,809206,330197,821160,53895,865104,636115,438107,648157,410171,156173,156176,762195,794128,202179,475164,466107,214108,470210,762144,622136,812149,494923,01598,969503,17469,872154,23382,66181,054114,626000
   > Long-term Liabilities 
0
0
0
4,484,534
4,352,572
3,632,347
4,867,302
5,517,766
5,509,595
5,328,333
5,458,308
5,361,767
5,333,981
4,995,473
4,886,456
5,110,903
5,081,079
5,015,544
5,037,088
5,106,082
5,341,276
5,221,745
5,003,722
6,011,516
6,182,257
6,197,901
6,629,044
5,669,873
5,598,505
5,575,676
6,177,158
6,004,503
6,241,394
6,073,386
6,169,876
7,057,317
7,285,608
10,843,538
12,893,856
13,244,707
13,561,620
16,613,859
17,031,154
17,157,114
18,786,312
19,238,281
21,368,260
22,063,324
23,778,255
23,949,584
25,056,190
24,407,969
25,450,361
26,147,132
24,179,299
23,856,361
23,622,080
24,846,621
24,197,757
26,103,129
27,773,541
27,773,54126,103,12924,197,75724,846,62123,622,08023,856,36124,179,29926,147,13225,450,36124,407,96925,056,19023,949,58423,778,25522,063,32421,368,26019,238,28118,786,31217,157,11417,031,15416,613,85913,561,62013,244,70712,893,85610,843,5387,285,6087,057,3176,169,8766,073,3866,241,3946,004,5036,177,1585,575,6765,598,5055,669,8736,629,0446,197,9016,182,2576,011,5165,003,7225,221,7455,341,2765,106,0825,037,0885,015,5445,081,0795,110,9034,886,4564,995,4735,333,9815,361,7675,458,3085,328,3335,509,5955,517,7664,867,3023,632,3474,352,5724,484,534000
       Other Liabilities 
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
0
0
0
3,215,514
3,300,408
964,217
1,031,388
1,019,417
1,107,286
1,009,679
1,042,933
1,070,975
4,325,437
4,396,955
4,555,676
5,030,564
5,314,479
5,699,438
6,044,651
6,401,384
6,776,261
7,068,825
7,223,974
7,041,424
7,207,229
7,437,075
7,320,580
7,453,479
0
7,839,037
0
0
0
0007,839,03707,453,4797,320,5807,437,0757,207,2297,041,4247,223,9747,068,8256,776,2616,401,3846,044,6515,699,4385,314,4795,030,5644,555,6764,396,9554,325,4371,070,9751,042,9331,009,6791,107,2861,019,4171,031,388964,2173,300,4083,215,5140000000000000000000000000000000
> Total Stockholder Equity
0
0
0
3,681,267
3,929,969
4,201,450
4,239,413
5,072,684
5,379,638
5,580,142
5,254,407
5,447,981
5,260,018
5,604,244
5,302,661
5,460,177
5,347,871
5,671,736
5,305,555
5,361,373
5,650,422
5,262,242
5,420,148
5,651,045
6,110,450
6,117,437
6,343,579
6,639,872
6,864,079
6,846,739
6,584,187
6,611,227
7,055,480
7,147,744
6,552,901
6,830,594
7,319,039
7,283,183
6,614,813
6,316,186
6,884,874
7,191,511
7,567,778
6,995,154
6,743,414
7,430,565
7,144,257
7,739,529
8,088,959
8,166,665
7,882,896
7,929,008
8,359,300
7,923,410
8,044,927
8,436,522
9,244,143
8,341,660
8,436,831
8,862,771
10,778,843
10,778,8438,862,7718,436,8318,341,6609,244,1438,436,5228,044,9277,923,4108,359,3007,929,0087,882,8968,166,6658,088,9597,739,5297,144,2577,430,5656,743,4146,995,1547,567,7787,191,5116,884,8746,316,1866,614,8137,283,1837,319,0396,830,5946,552,9017,147,7447,055,4806,611,2276,584,1876,846,7396,864,0796,639,8726,343,5796,117,4376,110,4505,651,0455,420,1485,262,2425,650,4225,361,3735,305,5555,671,7365,347,8715,460,1775,302,6615,604,2445,260,0185,447,9815,254,4075,580,1425,379,6385,072,6844,239,4134,201,4503,929,9693,681,267000
   Common Stock
0
0
0
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
0
0
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,445,766
2,736,253
2,737,361
2,737,361
2,829,056
2,829,056
2,829,056
2,829,056
2,829,056
2,829,056
2,829,056
2,829,056
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,648
4,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6484,902,6482,829,0562,829,0562,829,0562,829,0562,829,0562,829,0562,829,0562,829,0562,737,3612,737,3612,736,2532,445,7662,445,7662,445,7662,445,7662,445,7662,445,7662,445,7662,445,7662,445,7662,445,7662,445,7662,445,7662,445,7662,445,7662,445,766002,445,7662,445,7662,445,7662,445,7662,445,7662,445,7662,445,7662,445,766000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
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
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
842,646
-467,276
951,297
871,199
672,581
656,266
551,055
483,819
483,819551,055656,266672,581871,199951,297-467,276842,64600000000000000000000000000000000000000000000000000000
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
1,235,501
1,235,501
1,235,501
1,235,501
2,626,918
2,612,699
1,213,695
1,774,052
3,701,259
3,690,315
1,235,339
2,449,078
3,014,411
2,468,749
2,458,402
1,231,315
2,915,607
1,687,731
2,436,362
1,213,580
3,205,279
3,314,946
1,251,125
1,429,991
4,194,106
3,777,447
3,430,412
1,166,069
3,782,171
1,526,381
1,132,670
1,118,106
4,001,538
1,751,017
1,060,990
1,056,319
1,413,538
1,244,434
1,167,837
801,267
2,092,506
1,319,926
1,231,893
1,142,269
2,836,881
3,770,644
3,159,457
490,872
3,026,360
2,799,227
1,127,419
1,930,928
3,533,874
2,582,577
1,127,417
1,127,417
0
0
001,127,4171,127,4172,582,5773,533,8741,930,9281,127,4192,799,2273,026,360490,8723,159,4573,770,6442,836,8811,142,2691,231,8931,319,9262,092,506801,2671,167,8371,244,4341,413,5381,056,3191,060,9901,751,0174,001,5381,118,1061,132,6701,526,3813,782,1711,166,0693,430,4123,777,4474,194,1061,429,9911,251,1253,314,9463,205,2791,213,5802,436,3621,687,7312,915,6071,231,3152,458,4022,468,7493,014,4112,449,0781,235,3393,690,3153,701,2591,774,0521,213,6952,612,6992,626,9181,235,5011,235,5011,235,5011,235,501000



Balance Sheet

Currency in BRL. All numbers in thousands.




Cash Flow

Currency in BRL. All numbers in thousands.