Gol Intelligent Airlines Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of BRL, except per-share amounts

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019
Loss for the year
Adjustments to reconcile the net loss to cash generated from operating activities
Depreciation – aeronautical ROU
Depreciation and amortization – others
Provision for legal proceedings
Allowance for expected credit losses
Provision for inventory obsolescence
Provision (Reversal) for reduction of deposits
Reversal of provision for loss on prepayment from suppliers
Adjustment to present value of assets and liabilities
Deferred taxes
Equity pickup
Actuarial losses from post-employment benefits
Provision for aircraft and engine return
Disposals of property, plant and equipment and intangible assets
Sale-leaseback gains
Amendments of lease agreements
Recognition of provisions and contingencies
Foreign exchange and monetary variation, net
Interest, costs, discounts and premiums on loans and financing and leases
Discount on financing operations
Gains (losses) from derivative transactions
Unrealized hedge results Exchangeable Senior Notes
Provision for labor obligations
Share-based payments
Other provisions
Total
Financial investments
Changes in operating assets and liabilities:
Financial investments
Trade receivables
Inventories
Deposits
Advance to suppliers and third parties
Recoverable taxes
Variable and short-term leases
Suppliers
Suppliers – factoring
Advance ticket sales
Mileage program
Advances from customers
Receipt (payment) of fuel derivative bonus
Prepaid expenses
Salaries, wages and benefits
Landing fees
Tax obligations
Liabilities with derivative transactions
Provisions
Other assets and liabilities, net
Interest paid
Income tax and social contribution paid
Net cash flows from operating activities
Short-term investments, net
Restricted cash
Receipt of aircraft sales
Financial investments in subsidiary - Smiles
Advances for property, plant and equipment acquisition, net

Financial investments in subsidiary - Smiles
Cash received from sale and leaseback transactions
Advances for property, plant and equipment acquisition, net
Acquisition of property, plant and equipment
Return of advance for property, plant and equipment acquisition
Acquisition of intangible assets
Net cash flows from (used in) investing activities
Costs of borrowing and repurchasing securities
Payments of leases liabilities
Derivative premium payment
Warrants
Treasury shares buyback
Loans and financing issued, net of costs
Loans and financing payments
Payments of lease liabilities – aeronautical ROU
Payments of lease liabilities – others
Subscription warrants
Treasury shares sold
Capital increase
Shares to be issued
Dividends and interest on shareholders’ equity paid to non-controlling shareholders
Acquisition of interest from non-controlling shareholders
Net cash flows used in financing activities
Foreign exchange variation on cash held in foreign currencies
Net decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year

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