Informações

Dados Operacionais
(abertura antiga)

Movimentação Base
(abertura antiga)

Dados Operacionais
(nova abertura)

Movimentação Base
(nova abertura)
Informações Financeiras e Operacionais

Demostração de Resultados Balanço Patrimonial

DRE por BU
Fluxo de Caixa
(abertura antiga)

DRE por BU
(nova abertura)
 Voltar

(1)
Movimentação da base inclui graduação Estácio + Unitoledo
Dados Operacionais (mil alunos) 4T15 1T16 2T16 3T16 4T16
Base de Alunos Total 497.8 571.1 535.4 527.4 508.0
PRESENCIAL 357.1 411.4 381.0 372.0 362.0
Graduação 318.5 375.7 343.4 335.6 329.5
Base inicial de alunos 334.8 318.5 375.7 343.4 335.6
(-) Formandos - -19.5 - -15.7 -
(+) Captação 2.7 118.8 2.5 55.6 0.6
(-) Não Renovação - -24.9 - -32.3 -
(-) Evasão -19.0 -17.2 -34.8 -15.4 -6.7
Aquisições (base de alunos acumulada) - - - - -
--FIES 136.4 128.6 125.6 124.5 115.8
--PAR - - - - -
--DIS - - - - -
Pós-graduação e outros 38.6 35.7 37.6 36.5 32.6
EAD 140.7 159.7 154.4 155.4 145.9
Graduação 109.4 127.6 115.9 115.4 107.0
Base inicial de alunos 116.3 109.4 127.6 115.9 115.4
(-) Formandos -0.6 -5.7 -0.8 -3.9 -0.9
(+) Captação 4.5 51.8 9.9 33.1 -
(-) Não Renovação -2.9 -20.3 -4.7 -20.8 -3.8
(-) Evasão -7.9 -7.6 -16.1 -8.9 -3.7
Aquisições (base de alunos acumulada) - - - - -
--Flex - - - - -
--100% EAD - - - -
--DIS - - - - -
Pós-graduação e outros 31.3 32.1 38.5 40.0 39.0

Ticket Médio (R$ mês) 4T15 1T16 2T16 3T16 4T16

PRESENCIAL Graduação 654.1 596.9 707.4 657.6 700.1
EAD Graduação 191.8 186.6 201.1 201.9 236.2
Flex - - - - -
100% EAD - - - - -

Taxa de Retenção (2) (%) 4T15 1T16 2T16 3T16 4T16

Graduação Presencial - - - - -
Graduação EAD - - - - -

Medicina 4T15 1T16 2T16 3T16 4T16

Base Total de Alunos (mil alunos) - - - - -
Número de Campi (unidades) - - - - -

(2)
o calculo não inclui as aquisições.
1T17 2T17 3T17 4T17 1T18 2T18 3T18 4T18 1T19
542.1 539.9 531.1 515.3 546.0 558.2 531.0 517.8 561.3
371.5 369.6 352.2 344.7 346.5 352.0 318.7 314.7 322.1
339.1 335.8 318.8 314.1 316.7 321.1 287.7 285.3 292.4
329.4 339.1 335.9 318.7 314.1 316.7 321.1 287.7 285.4
-24.7 - -19.2 - -26.1 -0.1 -20.7 - -25.7
92.3 4.6 50.6 1.2 79.6 10.4 38.1 0.5 81.2
-45.8 2.4 -39.7 - -42.0 3.6 -43.4 -2.9 -40.3
-12.1 -10.3 -8.8 -5.8 -8.9 -9.5 -7.4 - -8.2
- - - - - - - - -
103.2 106.1 94.9 92.2 77.7 78.3 64.7 64.8 48.5
6.8 7.0 12.1 10.6 15.9 15.3 15.4 15.0 15.6
- - - - 58.1 62.0 70.4 67.5 105.6
32.4 33.7 33.5 30.6 29.8 31.0 31.0 29.3 29.7
170.6 170.3 178.9 170.6 199.5 206.2 212.2 203.1 239.2
127.5 124.7 134.6 127.7 152.3 156.9 162.4 156.1 189.6
106.9 127.5 124.7 134.7 127.6 152.4 156.8 162.5 156.1
-4.9 -0.7 -6.6 -0.8 -9.1 -0.8 -9.1 -0.6 -12.1
56.1 7.2 49.5 0.4 63.9 12.5 53.4 0.4 84.9
-22.4 -1.2 -27.2 -0.8 -25.3 1.9 -33.7 -6.2 -33.3
-8.2 -8.1 -5.8 -5.8 -4.8 -9.1 -5.0 - -6.0
- - - - - - - - -
- 12.8 15.1 20.2 20.2 21.6 20.6 33.3
- 111.9 112.5 132.1 136.6 140.9 135.5 156.3
- - - - 47.9 52.5 73.1 68.4 107.0
43.1 45.6 44.3 43.0 47.1 49.3 49.7 46.9 49.6

1T17 2T17 3T17 4T17 1T18 2T18 3T18 4T18 1T19

697.2 784.6 716.4 760.6 818.7 832.1 804.8 833.6 846.4
212.3 247.9 215.4 234.8 276.2 282.5 255.5 242.4 282.3
- 480.6 376.7 443.6 472.3 451.9 416.1 364.2 456.4
- 221,3 193.7 206.7 246.2 257.4 231.0 223.9 245.1

1T17 2T17 3T17 4T17 1T18 2T18 3T18 4T18 1T19

- 83.6% 86.8% 85.3% 86.2% 85.0% 85.0% 84.2% 85.8%
- 75.9% 80.3% 76.4% 83.5% 80.9% 80.8% 77.8% 82.8%

1T17 2T17 3T17 4T17 1T18 2T18 3T18 4T18 1T19

- - - - - 3,632 3,582 3,570 3,800
- - - - - 8 8 8 8
2T19 3T19 4T19 1T20 2T20 3T20 4T20 1T21(1) 2T21(1)
576.4 575.4 570.3 632.5 752.8 746.7 762.6 716.5 824.1
328.1 308.4 309.5 318.9 372.2 337.1 335.2 303.1 311.4
298.0 277.9 276.7 286.4 291.4 254.8 256.4 234.7 243.2
292.5 298.0 277.9 276.7 286.4 291.4 254.8 260.1 234.7
-2.0 -20.2 -0.3 -27.3 -0.3 -19.1 -0.5 -23.5 -0.9
7.8 45.6 0.1 87.5 6.4 35.8 1.8 45.2 10.4
5.2 -39.8 1.2 -42.0 5.0 -48.5 3.2 -40.0 6.2
-5.6 -5.7 -2.3 -8.4 -6.1 -4.8 -2.8 -7.1 -7.1
- - 4.2 4.5 52.4 54.7 54.3 44.7 47.4
49.4 41.8 41.5 25.4 38.9 32.3 32.9 23.1 24.3
14.7 11.3 12.5 9.2 9.6 7.2 7.8 5.1 5.3
106.6 102.0 101.9 130.9 137.5 122.9 123.9 125.7 125.6
30.1 30.5 28.6 28.0 28.3 27.7 24.5 23.8 20.8
248.4 267.0 260.8 313.7 380.7 409.6 427.5 413.4 512.7
197.0 217.4 214.6 267.0 289.0 330.6 342.5 331.7 431.5
189.6 197.0 217.4 214.6 267.0 289.0 330.6 342.5 331.7
-0.4 -13.0 -0.4 -16.5 -0.4 -16.1 -0.7 -33.7 -0.5
13.2 84.6 2.5 128.3 25.9 127.3 17.7 96.4 125.1
4.0 -45.4 2.5 -51.5 9.2 -61.9 3.3 -65.3 -6.1
-9.4 -5.8 -7.2 -7.9 -12.8 -7.8 -8.4 -8.2 -18.8
- - - - 7.8 9.2 8.2 8.4 9.2
32.6 36.4 35.4 52.6 56.6 65.2 64.9 71.2 78.1
164.5 181.0 179.3 214.4 240.3 274.6 285.8 268.9 362.7
110.3 127.4 128.4 168.4 182.2 209.0 217.2 194.4 271.2
51.3 49.6 46.2 46.6 83.8 69.9 76.8 73.3 71.9

2T19 3T19 4T19 1T20 2T20 3T20 4T20 1T21 2T21

852.7 765.6 787.3 787.5 791.0 729.7 733.2 898.8 863.8
279.2 251.7 244.1 259.7 264.6 231.8 210.3 252.4 248.9
416.1 422.4 373.3 427.0 429.8 357.8 300.3 421.8 349.9
252.1 217.4 218.6 218.8 234.1 201.8 189.9 207.5 227.2

2T19 3T19 4T19 1T20 2T20 3T20 4T20 1T21 2T21

86.0% 85.9% 85.6% 85.0% 85.0% 82.7% 82.9% 83.3% 83.6%
81.5% 80.9% 79.3% 81.8% 82.1% 82.6% 82.1% 81.9% 81.4%

2T19 3T19 4T19 1T20 2T20 3T20 4T20 1T21 2T21

3,841 3,991 4,028 4,439 5,069 5,285 5,378 5,983 6,199
8 8 8 8 9 11 11 14 14
3T21
1,261.4
284.2
266.6
290.6
-19.1
43.5
-43.1
-5.3
0.0
17.7
4.2
94.8
17.6
977.2
465.7
440.8
-20.9
125.8
-65.5
-14.5
0.0
85.1
380.5
245.2
511.6

3T21
882.3
225.6
378.7
191.5

3T21
84.6%
85.3%

3T21
6,411
14
 Voltar

Evasão +
Base Inicial Formandos Captação
(Em mil) Não Renovação
3T21 3T21 3T21
3T21

Graduação 731.4 (40.0) (128.4) 169.2

Presencial 290.6 (19.1) (48.4) 43.5
Mensalista 261.0 (12.4) (47.0) 43.1
FIES 24.3 (6.7) (0.2) 0.3
PAR 5.3 - (1.2) 0.1
EAD 440.7 (20.9) (80.0) 125.8
100% Online 362.7 (18.9) (57.4) 94.2
Flex 78.1 (2.0) (22.6) 31.6

Movimentação DIS (mil alunos)

Total DIS 396.8 (11.8) (98.8) 83.3
Presencial 125.6 (2.9) (50.4) 22.5
EAD 100% Online 229.8 (8.3) (29.6) 48.1
EAD Flex 41.4 (0.6) (18.7) 12.7
Base Final 3T21

732.3
266.6
244.7
17.7
4.2
465.7
380.6
85.1

369.5
94.8
239.9
34.8
 Voltar

Dados Operacionais (mil alunos) 1T20 2T20 3T20 1T21 2T21

Base de Alunos Total 632.5 752.7 764.2 716.5 824.1
Presencial 305.8 353.6 316.9 286.6 299.4
Graduação Total 305.4 353.1 316.3 286.0 298.8
Graduação Presencial 286.6 333.6 299.3 268.1 279.3
FIES 25.4 37.3 30.7 21.6 22.8
Graduação Semipresencial 18.8 19.4 17.0 17.8 19.5
Mestrado + Doutorado 0.3 0.5 0.6 0.7 0.6
Ensino Digital 322.2 387.2 435.6 417.2 511.4
Graduação 248.2 277.4 322.8 322.3 421.3
100% online 214.4 240.3 274.6 268.9 362.7
Flex 33.8 37.1 48.2 53.4 58.6
Vida Toda 74.0 109.8 112.8 94.9 90.1
Qconcursos - - - - -
Premium 4.6 11.9 11.8 12.7 13.3
Medicina 4.6 5.4 5.6 6.5 6.8
Graduação 4.3 5.1 5.3 6.0 6.2
FIES 1.0 1.2 1.2 1.2 1.2
Pós Graduação 0.2 0.3 0.3 0.5 0.6
IBMEC 0.0 6.5 6.2 6.1 6.5
Graduação 0.0 5.1 4.8 5.2 5.1
FIES 0.0 0.4 0.4 0.2 0.3
Pós Graduação 0.0 1.4 1.4 1.0 1.3

Ticket Médio (R$ mês) 1T20 2T20 3T20 1T21 2T21

Graduação Presencial Total 657.2 588.5 575.5 686.1 661.7
Graduação Presencial 669.6 596.4 586.7 698.2 679.9
Graduação Presencial (ex-FIES) 642.3 543.2 563.2 683.4 667.3
Graduação Semipresencial 446.8 458.4 376.4 478.0 401.9
Graduação Ensino Digital Total 244.3 245.7 225.1 239.9 249.5
100% online 217.4 219.2 199.1 207.5 235.6
Flex 414.9 415.3 373.4 403.0 332.5
Premium Graduação Medicina 8,404.8 7,786.4 6,426.4 8,813.5 8,585.3
Premium Graduação IBMEC - 2,548.1 2,693.8 2,657.4 2,700.6

Campi, Polos & Cidades Cobertas (Unidades) 1T20 2T20 3T20 1T21 2T21
Número de Campi 95 100 108 112 110
Número de Polos 1,015 1,225 1,383 1,601 1,761
3T21
1,261.4
277.4
276.6
255.3
16.4
21.4
0.7
970.9
444.3
380.5
63.8
526.6
443.0
13.1
7.1
6.4
1.1
0.6
6.1
4.9
0.2
1.2

3T21
640.7
658.8
653.8
423.6
216.1
191.5
363.6
8,323.1
2,736.9

3T21
110
1,936
 Voltar

Evasão +
Base Inicial Formandos Captação
(Em mil) Não Renovação
3T21 3T21 3T21
3T21

Graduação 731.4 (40.0) (128.4) 169.2

Premium 11.3 (0.8) (0.6) 1.4
Medicina 6.2 (0.2) (0.4) 0.8
IBMEC 5.1 (0.6) (0.2) 0.5
Ensino Digital 421.3 (19.3) (76.2) 118.5
100% Online 362.7 (18.9) (57.4) 94.2
Flex 58.6 (0.3) (18.8) 24.3
Presencial 298.8 (19.9) (51.6) 49.4
Presencial 279.3 (18.3) (47.8) 42.1
Semipresencial 19.5 (1.6) (3.8) 7.3

Movimentação DIS (mil alunos)

Total DIS 396.8 (11.8) (98.8) 83.3
Presencial 125.6 (2.9) (50.4) 22.5
EAD 100% Online 229.8 (8.3) (29.6) 48.1
EAD Flex 41.4 (0.6) (18.7) 12.7
Base Final 3T21

732.3
11.3
6.4
4.9
444.3
380.5
63.8
276.6
255.3
21.4

369.5
94.8
239.9
34.8
 Voltar

Demonstração de Resultados (R$ milhões) 2015 1T16 2T16 3T16 4T16 2016
Receita Operacional Bruta 4,322.4 1,273.6 1,214.8 1,167.3 1,148.5 4,804.1
Mensalidades 4,189.2 1,249.0 1,198.0 1,152.6 1,139.8 4,739.3
Outras 69.7 18.8 13.2 12.7 8.0 52.8
Pronatec 63.2 5.8 3.6 2.0 0.7 12.0
Deduções da Receita Bruta -1,390.9 -484.3 -379.5 -404.2 -351.6 -1,619.6
Descontos e Bolsas -1,164.7 -427.3 -322.3 -341.9 -287.6 -1,379.1
Impostos -121.4 -33.0 -34.1 -32.7 -33.8 -133.5
FGEDUC -71.3 -19.4 -17.3 -25.2 -25.6 -87.4
Ajuste a Valor Presente (AVP) do "PAR" -28.1 - - - - -
Ajuste a Valor Presente (AVP) do "DIS" - - - - - -
Ajuste a Valor Presente (AVP) do "Cred. Athenas" - - - - - -
Outras deduções -5.4 -4.7 -5.9 -4.4 -4.6 -19.7
Receita Operacional Líquida 2,931.4 789.3 835.3 763.1 796.9 3,184.5
Custos dos Serviços Prestados -1,660.7 -437.0 -494.5 -392.1 -485.5 -1,809.0
Pessoal e Encargos -1,212.4 -326.9 -375.1 -275.2 -357.8 -1,335.0
Aluguéis, condomínio e IPTU -217.9 -59.2 -61.8 -62.8 -61.4 -245.2
Serviços de Terceiros e Outros -99.5 -24.0 -26.8 -24.8 -28.6 -104.3
Energia elétrica, água, gás e telefone
Repasse de Polos
Outros -47.9 -5.1 -10.7 -8.5 -7.2 -31.5
Depreciação e amortização -83.0 -21.8 -20.1 -20.8 -30.6 -93.2
Lucro Bruto 1,270.7 352.3 340.8 371.0 311.3 1,375.5
Despesas Comerciais, Gerais e Administrativas -829.7 -207.9 -330.4 -225.1 -151.2 -914.7
Despesas Comerciais -371.0 -87.7 -184.5 -76.1 -28.0 -376.3
PDD -164.3 -28.4 -113.7 -33.1 13.5 -161.7
Provisionamento FIES - - - - - -
Publicidade -206.8 -59.3 -70.8 -42.9 -41.5 -214.6
Despesas Gerais e Administrativas -458.1 -120.2 -145.9 -149.0 -123.2 -538.4
Pessoal e encargos -141.8 -43.1 -31.4 -49.3 -44.0 -167.7
Serviços de Terceiros
Manutenção e Reparos
Provisão para Contingências
Outras Despesas -235.4 -50.5 -89.7 -75.3 -55.1 -270.6
Depreciação -81.4 -26.7 -24.8 -24.4 -24.2 -100.1
Outras receitas operacionais 27.6 4.2 -11.7 3.4 2.4 -1.7
(+) Depreciação e amortização 164.5 48.2 44.6 44.9 54.1 191.9
EBITDA 632.9 197.0 43.6 194.5 217.2 652.4
Margem EBITDA 21.6% 25.0% 5.2% 25.5% 27.3% 20.5%
Resultado financeiro -31.7 -11.9 -16.6 -32.8 -25.3 -86.3
Depreciação e amortização -164.5 -48.5 -44.9 -44.9 -54.7 -193.3
Contribuição social -0.2 -2.3 -1.5 5.3 -4.0 -2.5
Imposto de renda 3.6 -6.4 -0.5 13.7 -9.0 -2.2
Lucro Líquido 440.1 128.0 -19.9 135.7 124.3 368.1

Receita Líquida Ajustada - - - - - -

EBITDA Ajustado - 197.1 149.4 203.2 127.0 676.8
Margem EBITDA Ajustada - 25.0% 17.9% 26.6% 15.9% 21.3%
1T17 2T17 3T17 4T17 2017 1T18 2T18 3T18 4T18 2018 1T19
1,364.7 1,426.3 1,335.1 1,284.6 5,410.7 1,450.3 1,534.0 1,400.3 1,399.6 5,784.2 1,528.8
1,353.1 1,417.7 1,323.4 1,276.2 5,370.4 1,440.0 1,525.8 1,391.1 1,390.9 5,747.8 1,517.8
11.3 8.6 11.2 8.8 39.9 10.2 8.3 9.2 8.7 36.4 11.1
0.3 0.1 0.5 -0.4 0.5 - - - - - 0.0
-545.7 -512.9 -527.0 -446.2 -2,031.8 -514.5 -570.3 -547.4 -532.5 -2,164.8 -596.2
-473.7 -431.3 -461.5 -386.6 -1,753.1 -417.7 -500.7 -478.3 -494.7 -1,891.4 -536.7
-36.7 -42.2 -36.7 -36.9 -152.5 -51.2 -32.7 -36.5 -35.4 -155.8 -37.5
-24.1 -25.2 -22.8 -22.7 -94.8 -21.7 -22.7 -19.3 -18.3 -82.0 -14.3
-7.0 -9.0 -1.6 6.4 -11.2 -12.4 -11.1 -8.9 6.9 -25.4 -1.3
- - - - - -11.5 -3.0 -2.5 8.9 -8.1 -6.5
- - - - - - - - - - -
-4.3 -5.1 -4.4 -6.4 -20.2 - - - - - -
819.0 913.4 808.1 838.5 3,379.0 935.7 963.7 852.9 867.0 3,619.4 932.6
-418.9 -466.1 -401.5 -490.6 -1,777.1 -383.4 -427.6 -365.6 -456.2 -1,632.8 -360.1
-304.4 -340.3 -288.4 -379.6 -1,312.7 -272.2 -302.9 -253.4 -331.8 -1,160.3 -249.2
-63.2 -64.2 -62.1 -61.1 -250.6 -58.4 -63.3 -59.3 -62.6 -243.6 -9.2
-24.8 -27.3 -24.4 -27.1 -103.6 -14.7 -15.5 -13.6 -12.7 -56.4 -13.6
-7.8 -13.1 -8.8 -11.6 -41.3 -8.6
-4.0 -6.4 -5.5 -8.8 -24.6 -7.6
-3.4 -5.0 -2.6 -2.4 -13.4 -2.8 -2.9 -1.5 -2.3 -9.4 -1.2
-23.1 -29.3 -24.0 -20.4 -96.8 -23.5 -23.6 -23.6 -26.4 -97.1 -70.7
400.1 447.3 406.5 347.9 1,601.9 552.3 536.1 487.3 410.8 1,986.6 572.6
-238.5 -245.6 -235.8 -322.1 -1,041.9 -270.7 -306.7 -256.2 -333.8 -1,167.3 -285.3
-111.6 -115.6 -97.5 -118.9 -443.6 -121.8 -155.5 -118.4 -157.4 -553.0 -156.3
-47.6 -65.3 -37.4 -84.8 -235.1 -40.9 -120.1 -58.6 -114.2 -333.7 -63.0
-0.6 -0.3 -0.3 -0.4 -1.6 -0.3 -0.3 -0.2 -0.2 -1.0 -0.3
-63.6 -50.0 -59.7 -33.7 -207.0 -80.6 -35.1 -59.6 -43.0 -218.3 -93.2
-126.9 -130.0 -138.3 -203.2 -598.3 -148.8 -151.2 -137.8 -176.4 -614.3 -129.0
-39.5 -32.4 -40.9 -67.0 -179.7 -42.5 -41.1 -42.1 -47.5 -173.2 -41.8
-29.6 -31.2 -27.0 -42.1 -130.0 -19.1
-9.4 -10.4 -7.9 -10.4 -38.1 -8.3
-25.5 -24.0 -20.7 -33.0 -103.2 -21.3
-64.2 -73.0 -72.8 -111.1 -321.1 -16.8 -20.2 -16.2 -18.3 -71.6 -15.6
-23.2 -24.6 -24.6 -25.1 -97.5 -25.1 -24.3 -23.8 -25.1 -98.3 -23.0
6.9 -1.8 4.2 -25.8 -16.5 2.2 -3.3 -3.9 -39.9 -47.2 3.8
-46.4 53.9 48.6 45.4 194.3 48.6 48.0 47.4 51.5 195.5 93.6
214.8 254.0 223.6 45.4 737.8 330.1 274.1 274.6 88.6 967.4 384.6
26.2% 27.8% 27.7% 5.4% 21.8% 35.3% 28.4% 32.2% 10.2% 26.7% 41.2%
-37.6 -22.7 -42.3 -8.9 -111.5 -26.1 -30.1 -38.6 -24.0 -118.8 -44.3
-46.4 -53.8 -48.6 -45.4 -194.3 -48.6 -48.0 -47.4 -51.5 -195.4 -93.6
-2.5 -3.2 4.0 -2.7 -4.4 -15.6 10.5 1.2 0.1 -3.8 -2.0
-6.5 -7.9 12.6 -1.1 -3.0 -42.5 30.3 4.5 3.1 -4.5 -4.0
121.7 166.3 149.3 -12.8 424.5 197.4 236.9 194.3 16.3 644.9 240.8

- - - - - - - - - - -
216.5 254.7 224.5 238.4 944.0 335.3 283.5 282.8 253.1 1,154.8 384.6
26.4% 27.8% 27.8% 28.4% 27.9% 35.8% 29.4% 33.2% 29.2% 31.9% 41.2%
2T19 3T19 4T19 2019 1T20 2T20 3T20 4T20 2020 1T21 2T21
1,654.2 1,482.1 1,519.8 6,185.0 1,694.2 2,021.5 1,940.4 2,047.3 7,703.5 2,057.0 2,381.7
1,642.8 1,470.3 1,508.3 6,139.1 1,686.5 2,008.6 1,924.2 2,030.8 7,650.1 2,043.3 2,365.9
11.5 11.8 11.5 45.8 7.7 12.9 16.2 16.5 53.4 13.6 15.8
- - 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
-697.0 -648.9 -677.8 -2,619.9 -771.0 -1,030.4 -964.1 -1,084.2 -3,849.7 -974.7 -1,221.1
-656.5 -603.9 -643.1 -2,440.2 -719.0 -981.3 -917.9 -1,038.2 -3,656.4 -923.6 -1,166.2
-37.2 -33.0 -32.0 -139.7 -35.9 -41.8 -37.6 -38.3 -153.5 -39.5 -42.8
-16.9 -14.5 -11.7 -57.4 -9.3 -13.9 -10.8 -13.5 -47.5 -8.4 -8.9
8.9 3.7 4.5 15.8 -0.7 3.6 2.6 2.5 8.0 1.3 0.2
4.7 -1.2 4.5 1.5 -6.1 3.1 -0.7 3.6 -0.1 -3.7 -3.5
- - - - - - 0.2 -0.3 -0.2 -0.7 0.0
- - - - - - 0.0 0.0 0.0 0.0 0.0
957.2 833.1 842.0 3,565.0 923.3 991.1 976.3 963.0 3,853.74 1,082.3 1,160.6
-397.9 -369.4 -393.4 -1,520.7 -348.9 -444.0 -434.2 -517.8 -1,744.9 -456.8 -501.2
-279.4 -249.2 -291.2 -1,069.0 -229.8 -306.7 -264.5 -307.1 -1,108.1 -276.9 -316.1
-9.5 -10.5 -10.1 -39.3 -11.0 -9.4 -16.1 -25.8 -62.3 -13.2 -12.8
-13.5 -14.3 -13.6 -55.0 -14.2 -7.6 -10.8 -14.2 -46.9 -12.7 -14.2
-11.1 -9.4 -12.5 -41.6 -8.4 -7.2 -7.2 -8.7 -31.5 -8.1 -9.5
-10.4 -12.3 -12.9 -43.3 -16.5 -25.0 -32.1 -36.9 -110.5 -37.5 -42.3
-3.9 -1.0 -3.5 -9.6 -2.5 -3.7 -4.4 -1.7 -12.4 -2.8 -3.2
-70.1 -72.7 -49.5 -262.9 -66.4 -84.4 -99.1 -123.3 -373.3 -105.7 -103.0
559.3 463.7 448.7 2,044.3 574.4 547.1 542.2 445.2 2,108.8 625.5 659.4
-313.5 -263.9 -296.0 -1,158.7 -333.8 -554.4 -355.3 -511.4 -1,754.8 -472.6 -468.3
-175.8 -104.6 -134.9 -571.6 -179.5 -298.0 -160.7 -221.5 -859.8 -251.6 -231.5
-124.2 -38.5 -82.4 -308.1 -71.8 -229.0 -78.4 -156.0 -535.3 -95.4 -159.2
-0.1 -0.1 -0.1 -0.4 0.0 -0.1 0.3 0.3 0.5 0.0 -0.1
-51.5 -66.0 -52.3 -263.1 -107.7 -68.9 -82.6 -65.8 -325.0 -156.2 -72.2
-137.6 -159.2 -161.2 -587.1 -154.3 -256.4 -194.5 -289.9 -895.0 -220.9 -236.8
-39.5 -47.8 -48.3 -177.4 -44.4 -71.8 -64.8 -74.9 -255.9 -86.6 -86.8
-14.4 -28.8 -41.7 -104.1 -32.9 -31.9 -30.3 -50.0 -145.1 -30.8 -30.8
-12.4 -13.0 -14.9 -48.5 -9.8 -11.4 -16.7 -33.3 -71.2 -18.9 -19.8
-19.4 -12.7 -12.9 -66.3 -22.4 -72.1 -18.4 -52.8 -165.7 -15.8 -23.6
-28.6 -31.1 -17.5 -92.7 -18.0 -32.2 -17.1 -24.2 -91.5 -20.2 -24.3
-23.3 -25.8 -25.9 -98.0 -26.7 -37.1 -47.2 -54.6 -165.6 -48.7 -51.5
2.8 3.7 4.2 14.4 4.0 -3.1 -1.1 2.5 2.4 5.8 3.2
93.4 98.5 75.4 360.9 93.2 121.5 146.3 178.0 538.9 154.4 154.6
342.0 302.1 232.2 1,261.0 337.7 111.2 332.2 114.2 895.3 313.1 348.9
35.7% 36.3% 27.6% 35.4% 36.6% 11.2% 34.0% 11.9% 23.2% 28.9% 30.1%
-48.6 -53.0 -96.2 -242.1 -70.4 -87.7 -86.9 -106.5 -351.4 -105.5 -77.2
-93.4 -98.5 -75.4 -360.9 -93.2 -121.5 -146.3 -178.0 -538.9 -154.4 -154.6
-1.5 -0.1 -1.0 -4.6 -1.8 4.9 3.7 17.2 24.0 -2.7 -0.3
-3.7 2.1 -1.6 -7.2 -4.5 13.5 9.9 50.3 69.2 -7.3 -0.3
194.8 152.5 58.1 646.1 167.9 -79.5 112.5 -102.6 98.2 43.2 116.5

- - - - - 1,058.6 1,044.4 1,046.8 4,071.7 1,090.7 1,167.6

342.0 343.9 289.1 1,359.7 350.8 326.6 399.7 274.1 1,349.9 326.1 359.6
35.7% 41.3% 34.3% 38.1% 38.0% 30.9% 38.3% 26.2% 33.2% 29.9% 30.8%
 3T21
2,201.3
2,164.1
37.2
0.0
-1,103.2
-1,052.4
-39.0
-8.0
0.7
-4.4
-0.2
0.0
1,098.1
-501.3
-275.6
-12.5
-15.1
-9.0
-48.0
-4.4
-136.7
596.8
-438.6
-191.6
-89.4
-0.1
-102.1
-247.1
-87.1
-37.3
-21.8
-12.3
-29.4
-59.1
7.4
195.7
361.3
32.9%
-103.1
-195.7
2.0
8.4
 72.8

1,106.9
396.4
35.8%
 Voltar

Presencial
Em R$ Milhões 1T20 2T20 3T20 1T21 2T21
Receita Operacional Bruta 1,288.5 1,503.2 1,415.9 1,477.6 1,635.4
Deduções da Receita Bruta (584.9) (767.2) (713.6) (692.4) (839.6)
Receita Operacional Líquida 703.6 736.0 702.3 785.3 795.8
Custos dos Serviços Prestados (321.8) (399.6) (384.2) (401.5) (437.9)
Pessoal (218.9) (288.8) (250.2) (263.0) (297.0)
Aluguel, condomínio e IPTU (11.0) (9.4) (15.9) (13.4) (13.0)
Serviços de terceiros e Outros (25.5) (18.4) (21.9) (24.3) (26.7)
Depreciação e amortização (66.3) (83.0) (96.2) (100.9) (101.2)
Lucro Bruto 381.9 336.4 318.1 383.7 357.9
Margem Bruta 54.3% 45.7% 45.3% 48.9% 45.0%
Despesas Comerciais, G&A e Outras (106.4) (302.1) (121.1) (120.4) (169.3)
Pessoal (4.9) (7.6) (13.3) (9.5) (14.6)
Publicidade 0.0 0.0 0.0 0.0 0.0
PDD (60.5) (188.6) (57.6) (66.5) (100.5)
Outras Despesas (38.1) (94.1) (38.4) (35.0) (44.4)
Depreciação e amortização (2.9) (11.8) (11.8) (9.3) (9.8)
Lucro Operacional 275.5 34.3 197.0 263.4 188.6
Margem Operacional (%) 39.2% 4.7% 28.1% 33.5% 23.7%

EBITDA 344.7 129.1 305.0 373.6 299.5

Margem EBITDA (%) 49.0% 17.5% 43.4% 47.6% 37.6%
 Ensino a Distância
3T21 1T20 2T20 3T20 1T21 2T21 3T21 1T20
1,429.9 405.7 518.3 524.5 579.4 746.3 771.4 -
(702.8) (186.1) (263.2) (250.5) (282.3) (381.5) (400.5) -
727.1 219.6 255.1 274.0 297.1 364.9 371.0 -
(435.8) (27.1) (44.4) (50.0) (55.3) (63.3) (64.3) -
(262.9) (10.9) (17.8) (14.3) (13.9) (19.1) (12.7) -
(12.4) 0.0 (0.0) (0.1) 0.2 0.2 (0.1) -
(27.4) (16.1) (25.1) (32.6) (36.8) (42.6) (47.9) -
(133.1) (0.1) (1.4) (2.9) (4.8) (1.9) (3.6) -
291.2 192.5 210.7 224.1 241.8 301.6 306.7 -
40.1% 87.6% 82.6% 81.8% 81.4% 82.7% 82.7% -
(128.2) (17.4) (53.4) (35.0) (45.0) (82.2) (58.7) (206.0)
(12.6) (4.0) (4.5) (6.2) (10.5) (13.5) (16.7) (35.4)
0.0 0.0 0.0 0.0 0.0 0.0 0.0 (107.7)
(52.2) (11.3) (40.4) (20.9) (28.9) (58.7) (37.2) 0.0
(53.4) (1.4) (7.9) (7.0) (3.5) (7.8) (0.3) (39.7)
(10.0) (0.6) (0.7) (0.8) (2.1) (2.2) (4.5) (23.2)
163.0 175.1 157.3 189.1 196.7 219.4 248.0 (206.0)
22.4% 79.7% 61.7% 69.0% 66.2% 60.1% 66.8% n.a.

306.2 175.9 159.4 192.9 203.6 223.4 256.1 (182.8)

42.1% 80.1% 62.5% 70.4% 68.5% 61.2% 69.0% n.a.
 Corporativo Consolidado
2T20 3T20 1T21 2T21 3T21 1T20 2T20 3T20
- - - - - 1,694.2 2,021.5 1,940.4
- - - - - (771.0) (1,030.4) (964.1)
- - - - - 923.3 991.1 976.3
- - - - - (348.9) (444.0) (434.2)
- - - - - (229.8) (306.7) (264.5)
- - - - - (11.0) (9.4) (16.1)
- - - - - (41.7) (43.5) (54.5)
- - - - - (66.4) (84.4) (99.1)
- - - - - 574.4 547.1 542.2
- - - - - 62.2% 55.2% 55.5%
(201.9) (201.9) (301.4) (213.6) (245.5) (329.8) (557.4) (356.3)
(59.7) (59.7) (66.5) (58.7) (57.9) (44.4) (71.8) (64.8)
(68.9) (68.9) (156.2) (72.2) (103.7) (107.7) (68.9) (82.6)
0.0 0.0 0.0 0.0 0.0 (71.8) (229.0) (78.4)
(48.6) (48.6) (41.3) (43.2) (39.4) (79.2) (150.6) (83.2)
(24.7) (24.7) (37.3) (39.6) (44.5) (26.7) (37.1) (47.2)
(201.9) (201.9) (301.4) (213.6) (245.5) 244.6 (10.3) 185.8
n.a. n.a. n.a. n.a. n.a. 26.5% n.a. 19.0%

(177.3) (177.3) (264.1) (174.1) (200.9) 337.7 111.2 332.2

n.a. n.a. n.a. n.a. n.a. 36.6% 11.2% 34.0%
olidado
1T21 2T21 3T21
2,057.0 2,381.7 2,201.3
(974.7) (1,221.1) (1,103.2)
1,082.3 1,160.6 1,098.1
(456.8) (501.2) (500.1)
(276.9) (316.1) (275.6)
(13.2) (12.8) (12.5)
(61.1) (69.3) (75.3)
(105.7) (103.0) (136.7)
625.5 659.4 597.9
57.8% 56.8% 54.5%
(466.8) (465.1) (432.4)
(86.6) (86.8) (87.1)
(156.2) (72.2) (103.7)
(95.4) (159.2) (89.4)
(79.8) (95.4) (93.0)
(48.7) (51.5) (59.1)
158.7 194.3 165.5
14.7% 16.7% 15.1%

313.1 348.9 361.3

28.9% 30.1% 32.9%
 Voltar

Consolidado
Em R$ Milhões 1T21 2T21 3T21
Receita Operacional Bruta 2,057.0 2,381.7 2,201.3
Mensalidades e outras 2,057.0 2,381.7 2,201.3
Deduções da Receita Bruta (974.7) (1,221.1) (1,103.2)
Receita Operacional 1,082.3 1,160.6 1,098.1
Custos dos Serviços Prestados (456.8) (501.2) (501.3)
Pessoal (276.9) (316.1) (275.6)
Aluguéis, Condomínio e IPTU (13.2) (12.8) (12.5)
Serviços de Terceiros e Outros (61.1) (69.3) (76.4)
Depreciação e Amortização (105.7) (103.0) (136.7)
Lucro Bruto 625.5 659.4 596.8
Margem Bruta 57.8% 56.8% 54.3%
Despesas Comerciais, G&A e Outras (466.8) (465.1) (431.2)
Pessoal (86.6) (86.8) (87.1)
Vendas (156.2) (72.2) (102.1)
PDD (95.4) (159.2) (89.4)
Outras Despesas (85.6) (98.6) (101.0)
Outras Receitas 5.8 3.2 7.4
Depreciação e Amortização (48.7) (51.5) (59.1)
(+) Depreciação e amortização 154.4 154.6 195.7
EBITDA 313.1 348.9 361.3
Margem EBITDA (%) 28.9% 30.1% 32.9%
EBITDA ajustado 326.1 359.5 396.4
Margem EBITDA ajustada(%) 29.9% 30.8% 35.8%
 Premium Ensino Digital
1T21 2T21 3T21 1T21 2T21
244.6 251.7 254.8 559.4 711.7
244.6 251.7 254.8 559.4 711.7
(42.5) (42.6) (45.7) (269.0) (355.9)
202.1 209.0 209.0 290.3 355.7
(75.6) (100.2) (91.2) (60.9) (67.1)
(56.5) (80.6) (68.2) (18.9) (22.2)
(2.9) (1.8) (0.2) 0.4 0.1
(2.9) (2.7) (3.1) (37.0) (42.6)
(13.4) (15.1) (19.7) (5.4) (2.4)
126.4 108.8 117.8 229.5 288.6
62.6% 52.1% 56.4% 79.0% 81.1%
(47.1) (47.5) (51.8) (135.4) (171.5)
(12.5) (12.0) (11.8) (28.8) (34.5)
(7.0) (6.3) (6.3) (49.2) (24.7)
(4.0) (7.8) (9.1) (28.2) (70.9)
(16.3) (15.3) (17.0) (16.3) (23.6)
0.2 1.4 1.2 2.2 0.0
(7.5) (7.5) (8.8) (15.0) (17.8)
20.8 22.7 28.6 20.4 20.2
100.2 84.0 94.6 114.5 137.3
49.6% 40.2% 45.3% 39.4% 38.6%
111.8 89.1 103.2 115.5 138.1
53.1% 42.6% 47.8% 39.8% 38.8%
Digital Presencial
3T21 1T21 2T21 3T21
732.7 1,253.0 1,418.4 1,213.8
732.7 1,253.0 1,418.4 1,213.8
(378.4) (663.1) (822.5) (679.1)
354.3 589.9 595.9 534.7
(69.7) (320.3) (333.9) (340.4)
(15.7) (201.5) (213.3) (191.7)
(0.0) (10.8) (11.1) (12.3)
(49.1) (21.2) (24.0) (24.2)
(4.8) (86.9) (85.5) (112.2)
284.6 269.6 262.0 194.3
80.3% 45.7% 44.0% 36.3%
(147.3) (284.3) (246.1) (232.1)
(35.3) (45.2) (40.2) (40.0)
(37.5) (100.0) (41.3) (58.2)
(37.4) (63.2) (80.4) (42.9)
(16.7) (53.0) (59.7) (67.3)
1.8 3.3 1.7 4.3
(22.2) (26.2) (26.2) (28.0)
27.0 113.2 111.7 140.2
164.3 98.4 127.6 102.4
46.4% 16.7% 21.4% 19.1%
165.9 98.8 132.3 127.3
46.8% 16.7% 22.2% 23.7%
 Voltar

Balanço Patrimonial Ativo (R$ milhões) 4T15 1T16 2T16 3T16 4T16
Ativo Circulante 1,586.8 1,475.2 1,599.3 1,697.3 1,453.7
Disponibilidades 48.4 63.7 82.2 71.3 58.3
Títulos e valores mobiliários 645.3 298.6 305.7 504.2 345.7
Diferencial de swap a receber 24.8 - - - -
Contas a receber 648.3 910.1 1,020.0 912.5 847.3
Estoque
Adiantamentos a funcionários/terceiros 28.8 26.2 26.5 25.0 14.3
Despesas antecipadas 62.2 65.6 49.2 55.9 36.4
Impostos e contribuições 93.7 74.2 78.3 92.3 110.5
Outros 35.2 36.7 37.5 36.3 41.2
Ativo Não-Circulante 2,694.9 2,712.6 2,573.0 2,582.3 2,687.5
Realizável a Longo Prazo 670.0 693.6 569.2 576.8 597.7
Diferencial de SWAP a Receber LP
Contas a receber 445.5 459.3 309.5 313.9 317.6
Despesas antecipadas 11.8 5.8 5.3 5.9 5.7
Partes relacionadas 0.0 1.0 1.0 1.1 0.0
Depósitos judiciais 108.9 122.7 129.0 129.2 119.5
Impostos e contribuições 32.6 29.1 32.4 34.8 36.3
Impostos dIferidos e outros 71.2 75.7 92.1 91.9 118.6
Permanente 2,024.8 2,019.0 2,003.7 2,005.5 2,089.8
Investimentos 0.2 0.2 0.2 0.2 0.2
Imobilizado 535.9 529.8 521.6 529.8 620.1
Intangível 1,488.7 1,489.0 1,481.9 1,475.5 1,469.5
Total do Ativo 4,281.6 4,187.9 4,172.3 4,279.6 4,141.2

Balanço Patrimonial Passivo (R$ milhões) 4T15 1T16 2T16 3T16 4T16
Passivo Circulante 767.6 549.1 539.3 701.3 948.3
Empréstimos e financiamentos 291.3 57.7 41.2 240.5 468.1
Arrendamento Mercantil
Fornecedores 75.0 60.1 78.1 59.3 66.1
Swap a pagar
Salários e encargos sociais 128.2 193.3 224.4 208.7 155.2
Obrigações tributárias 80.1 70.0 78.2 61.3 63.8
Mensalidades recebidas antecipadamente 23.5 4.9 27.0 21.3 27.4
Adiantamento de convênio 2.9 2.9 2.9 2.9 2.9
Parcelamento de tributos 2.3 2.5 3.7 3.3 3.1
Partes relacionadas 0.5 0.4 0.4 0.4 0.6
Dividendos a pagar 115.1 115.1 0.0 0.0 87.4
Preço de aquisição a pagar 42.0 33.1 28.9 52.0 64.5
Provisão para desmobilização de ativos - - - - -
Outros 6.6 9.2 54.3 51.7 9.0
Exigível a Longo Prazo 941.1 938.5 956.9 758.5 758.2
Empréstimos e financiamentos 758.3 755.6 754.7 570.7 554.4
Contingências 33.1 33.2 61.2 69.2 64.9
Arrendamento Mercantil LP
 Diferencial de SWAP a Pagar ELP
Adiantamento de convênio 3.4 2.6 1.9 1.2 0.5
Parcelamento de tributos 17.4 16.2 12.9 16.3 12.8
Provisão para desmobilização de ativos 16.6 16.8 17.2 17.5 22.3
Impostos diferidos 36.1 32.0 28.4 25.7 23.6
Preço de aquisição a pagar 61.1 66.2 63.9 40.5 61.4
Outros 15.3 15.8 16.6 17.5 18.3
Patrimônio Líquido 2,573.0 2,700.3 2,676.2 2,819.8 2,434.7
Capital social 1,064.9 1,064.9 1,124.1 1,130.8 1,130.8
Custo com emissões de ações -26.9 -26.9 -26.9 -26.9 -26.9
Reservas de capital 661.8 669.2 662.0 663.1 661.1
Reservas de lucros 1,010.7 1,010.7 955.3 955.3 816.0
Dividendos adicionais proposto - - - - -
Resultado do período 0.0 128.1 108.1 243.8 0.0
Ações em Tesouraria -137.6 -145.7 -146.4 -146.4 -146.4
Total do Passivo e Patrimônio Líquido 4,281.6 4,187.9 4,172.3 4,279.7 4,141.2
1T17 2T17 3T17 4T17 1T18 2T18 3T18 4T18 1T19 2T19
1,623.4 1,721.9 2,013.3 1,663.5 1,810.0 1,712.1 1,632.1 1,550.6 1,749.5 1,618.9
67.9 61.3 9.8 14.0 9.4 9.0 8.6 13.7 8.7 19.4
390.1 481.1 699.7 510.5 617.7 391.9 762.0 804.4 877.1 698.8
- - - - - - - - - -
971.1 1,009.0 1,126.3 991.4 1,060.7 1,102.8 704.1 571.9 713.0 813.1

8.6 12.6 12.1 10.1 6.1 19.3 15.7 8.0 6.1 7.3
35.7 27.1 13.6 6.5 13.6 10.4 8.1 6.0 14.7 11.5
102.7 79.9 95.8 92.0 55.3 134.2 94.3 135.8 119.9 58.0
47.2 51.0 56.0 38.9 47.1 44.5 39.4 10.9 10.0 10.7
2,690.8 2,703.1 2,380.8 2,357.6 2,480.5 2,525.6 2,569.5 2,551.8 3,903.3 3,945.3
620.8 653.4 338.6 334.8 469.1 524.2 564.3 476.7 604.0 661.7
- - - - - -
326.0 332.4 18.3 32.7 122.8 142.7 167.1 139.2 211.1 206.6
5.6 5.3 5.3 5.1 5.0 4.9 4.9 5.5 5.4 5.0
0.0 - - 0.0 - - 0.0 - -
122.0 124.7 125.9 102.8 102.4 101.6 97.5 81.7 83.1 80.1
38.9 78.6 80.9 80.3 86.4 90.7 91.5 102.2 120.1 192.7
128.3 112.4 108.2 113.8 152.6 184.3 203.3 148.0 184.3 177.4
2,070.0 2,049.6 2,042.2 2,022.9 2,011.4 2,001.4 2,005.2 2,075.2 3,299.2 3,283.5
0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
612.0 602.0 603.2 602.4 600.4 601.0 605.4 661.1 1,884.8 1,862.8
1,457.8 1,447.4 1,438.7 1,420.2 1,410.8 1,400.1 1,399.6 1,413.8 1,414.2 1,420.4
4,314.2 4,425.0 4,394.1 4,021.1 4,290.6 4,237.7 4,201.7 4,102.5 5,652.7 5,564.2

1T17 2T17 3T17 4T17 1T18 2T18 3T18 4T18 1T19 2T19
1,001.2 1,052.1 887.9 842.9 965.4 877.7 812.6 1,289.1 923.3 650.0
487.2 593.1 416.4 349.3 358.9 344.4 349.9 795.8 196.5 83.6
- - - - 161.8 165.5
66.2 82.2 80.6 70.9 105.2 103.1 113.0 105.8 124.7 122.0

200.8 229.8 241.0 158.6 199.2 226.9 232.5 133.7 187.8 199.7
67.0 67.2 66.4 76.8 123.7 113.5 32.2 35.6 49.2 32.4
22.4 11.4 18.3 13.3 7.7 12.5 21.6 17.2 20.8 11.5
2.6 1.9 1.2 0.5 - - - - - 1.8
3.0 3.1 5.2 4.3 4.2 4.2 3.8 3.6 3.3 3.0
0.6 0.5 - - - - - - - -
87.4 0.0 - 100.8 - - - 153.2 153.2 -
55.4 55.9 53.4 57.1 100.8 57.2 49.4 34.5 16.5 17.4
- - 2.1 - 54.6 - - - - -
8.6 6.8 3.3 11.2 11.2 15.8 10.0 9.9 9.5 13.0
753.5 637.5 619.8 400.9 398.9 260.4 265.8 222.0 1,893.6 1,880.5
553.8 440.6 440.0 218.0 213.3 81.9 78.2 21.4 613.8 605.0
65.9 71.5 70.5 86.3 104.5 113.1 123.5 126.9 139.3 145.5
- - - - 1,066.8 1,040.3
 - - - - - - - - 16.1
12.2 11.5 11.1 10.3 9.7 7.5 7.1 6.7 6.2 6.0
22.2 23.0 22.1 22.2 22.4 22.9 24.8 27.0 27.3 27.9
20.6 18.2 16.2 14.2 11.7 8.9 5.9 5.2 3.8 3.6
59.9 53.5 40.3 30.0 17.2 5.6 5.6 13.9 15.3 15.0
18.9 19.2 19.5 19.9 20.2 20.5 20.7 20.9 21.1 21.2
2,559.5 2,735.4 2,886.4 2,777.3 2,926.2 3,099.6 3,123.3 2,591.4 2,835.9 3,033.7
1,130.8 1,130.8 1,130.8 1,130.8 1,130.8 1,139.8 1,139.8 1,139.9 1,139.9 1,139.9
-26.9 -26.9 -26.9 -26.9 -26.9 -26.9 -26.9 -26.9 -26.9 -26.9
664.1 661.3 662.8 664.0 666.9 665.6 663.6 668.4 670.0 666.5
816.0 816.0 816.0 1,139.8 1,088.5 924.9 924.9 1,016.6 1,016.6 1,016.6
- - - - - - - - - -
121.8 288.1 437.4 - 197.4 434.3 628.6 - 240.8 435.6
-146.4 -134.0 -133.8 -130.5 -130.4 -38.1 -206.6 -206.6 -204.6 -198.1
4,314.2 4,425.0 4,394.1 4,021.1 4,290.6 4,237.7 4,201.7 4,102.5 5,652.7 5,564.2
3T19 4T19 1T20 2T20 3T20 4T20 1T21 2T21 3T21
1,664.5 1,475.7 3,332.0 3,047.2 2,994.1 2,736.4 3,068.0 3,075.8 3,010.9
10.1 12.3 10.4 1,426.9 1,382.6 925.3 1,278.5 1,212.3 1,057.4
855.7 596.9 2,535.2 480.4 538.0 707.9 771.8 755.1 840.5
- 0.0 32.8 43.0 51.0 33.3 13.5 2.2 32.0
714.6 759.6 641.7 955.8 873.3 890.2 863.1 964.8 939.9
1.3 1.2 1.2 1.9 1.9 2.3
6.3 6.8 12.1 6.1 5.9 22.2 16.8 11.6 9.7
9.3 7.0 16.4 15.8 12.9 8.2 23.9 18.1 15.0
57.2 80.1 68.9 105.0 114.6 137.6 86.3 100.2 101.9
11.4 13.1 14.5 12.8 14.5 10.5 12.2 9.8 12.1
4,075.7 4,036.8 4,303.8 6,247.1 6,416.9 6,524.7 6,574.7 6,565.4 6,916.9
729.4 693.8 917.5 927.9 985.4 886.8 882.2 875.5 944.1
- - 121.9 155.0 183.4 120.8 30.4 0.0 0.0
262.6 261.6 329.3 237.0 281.9 214.2 254.9 291.9 337.6
4.7 4.8 4.7 5.9 4.2 4.1 4.9 4.6 7.9
- 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
79.3 76.1 76.5 96.9 91.6 102.7 112.6 111.7 111.8
192.8 176.4 183.1 159.5 113.5 107.7 131.7 120.8 126.1
190.0 175.0 202.1 273.6 310.8 337.3 347.7 346.5 360.7
3,346.4 3,343.0 3,386.3 5,319.2 5,431.4 5,637.9 5,692.5 5,689.8 5,972.8
0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
1,898.2 1,732.2 1,764.8 2,343.8 2,370.0 2,451.1 2,512.4 2,495.6 2,517.8
1,447.9 1,610.4 1,621.2 2,975.0 3,061.1 3,186.5 3,179.8 3,193.9 3,454.7
5,740.2 5,512.5 7,635.8 9,294.3 9,411.0 9,261.1 9,642.7 9,641.2 9,927.8

3T19 4T19 1T20 2T20 3T20 4T20 1T21 2T21 3T21

683.1 674.9 977.7 2,052.4 1,466.2 1,292.7 1,215.8 1,977.2 2,497.6
63.9 13.6 216.3 852.5 341.9 356.0 278.4 973.0 1,336.1
188.7 156.5 146.3 204.9 207.5 199.5 217.3 212.5 206.8
140.7 126.7 170.1 226.9 220.3 251.2 267.1 209.9 248.0
44.0 52.5 34.3 20.1 0.7 30.8
215.5 136.4 176.9 377.9 317.3 202.2 251.4 290.4 317.2
34.8 36.0 62.0 101.7 98.5 106.7 69.3 55.3 82.5
22.8 18.4 15.7 45.5 24.4 44.2 16.9 24.2 64.0
1.8 3.3 3.3 3.4 3.4 5.0 4.6 5.0 5.0
2.8 3.7 3.6 3.4 3.5 3.5 3.5 3.6 3.7
- 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
- 153.5 153.5 153.5 153.5 23.4 23.3 141.7 141.7
3.3 19.1 21.7 30.9 31.7 57.9 55.3 55.6 59.8
- 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
8.8 7.6 8.4 8.0 11.9 8.8 8.6 5.3 1.9
1,865.1 1,735.3 3,382.7 4,042.7 4,623.6 4,763.4 5,169.8 4,402.1 4,083.7
601.6 601.5 2,227.0 2,376.7 2,885.5 2,986.1 3,434.6 2,701.0 2,341.9
126.5 118.4 119.1 210.2 210.4 246.8 248.3 255.0 230.8
1,046.1 880.0 905.0 1,125.2 1,145.4 1,151.8 1,221.5 1,214.2 1,253.8
 163.7 195.9 127.3 34.4 0.0 0.0
15.6 28.0 27.2 26.4 25.5 41.1 40.3 38.6 37.4
5.8 11.0 10.6 10.1 13.5 9.2 8.8 8.1 7.0
30.1 27.5 27.8 28.7 31.1 89.6 74.7 77.0 78.5
2.9 2.9 2.3 4.4 4.3 0.0 0.0 0.0 0.0
15.2 44.5 42.3 75.9 90.7 89.9 85.9 86.6 112.7
21.3 21.3 21.3 21.4 21.4 21.4 21.4 21.6 21.6
3,192.0 3,102.4 3,275.4 3,199.1 3,321.2 3,205.0 3,257.1 3,261.9 3,346.5
1,139.9 1,139.9 1,139.9 1,139.9 1,139.9 1,139.9 1,139.9 1,139.9 1,139.9
-26.9 -26.9 -26.9 -26.9 -26.9 -26.8 -26.8 -26.9 -26.9
668.6 674.0 678.4 670.7 679.7 687.5 696.4 689.0 700.8
1,016.6 863.2 1,509.3 1,509.3 1,509.3 1,465.8 1,465.8 1,465.8 1,465.8
- - - - - 118.4 118.4 0.0 0.0
588.1 646.1 167.9 88.3 200.8 0.0 43.2 159.7 232.5
-194.3 -194.0 -193.2 -182.3 -181.7 -179.8 -179.8 -165.6 -165.6
5,740.2 5,512.5 7,635.8 9,294.3 9,411.0 9,261.1 9,642.7 9,641.2 9,927.8
 Voltar

Demonstrações dos fluxos de caixa (R$ milhões) 1T17 2T17

Lucro antes dos impostos e após o resultado das operações descontinuadas 130.9 177.3
Ajustes para conciliar o resultado às disponibilidades geradas: 152.6 168.2
Depreciação e amortização 46.4 53.9
Amortização dos custos de captação de empréstimo 6.5 0.8
Provisão para crédito de liquidação duvidosa 47.5 65.3
Provisão para perda - Outras contas a receber 0.0 0.0
Opções outorgadas - Provisão stock options 2.9 1.5
Provisão para Incentivo de Longo Prazo (ILP) 0.0 0.1
Provisão para contingências 19.3 24.5
Atualização do contas a receber FIES -4.6 -1.6
Ajuste a valor presente - contas a receber -2.6 -2.8
Ajuste a valor presente - outros contas a receber 0.0 -2.8
Atualização de créditos tributários -2.2 -1.8
Juros sobre empréstimos e Financiamentos 34.6 29.7
(Ganho) perda na baixa de imobilizado e intangível 0.1 0.4
Impairment (Goodwill) 0.0 0.0
Provisão com obrigações desmobilização de Ativos 0.4 0.8
Atualização de compromissos a pagar 0.0 5.2
Outros 4.2 -5.0
Resultado após conciliação das disponibilidades geradas 283.5 345.5
Variações nos ativos e passivos: -179.4 -133.0
(Aumento) em contas a receber -172.5 -102.5
(Aumento) Redução de despesas antecipadas 0.7 8.6
(Aumento) Redução de impostos e contribuições 7.4 -15.2
Aumento em depósitos judiciais -2.5 -2.7
Redução (aumento) em outros ativos -0.3 -7.8
Aumento (redução) em fornecedores 0.0 16.0
Aumento (redução) em obrigações tributárias -13.0 -0.3
Aumento (redução) em salários e encargos sociais 45.5 29.1
(Redução) em mensalidades recebidas antecipadamente -5.0 -11.0
Condenações cíveis/trabalhistas -18.3 -19.0
Provisão com obrigações desmobilização de Ativos -0.5 0.0
Aumento (Redução) em outros passivos 0.2 -1.5
Imposto de renda e contribuição social diferidos 0.0 0.0
Redução (Aumento) em parcelamento de tributos -1.1 -0.8
Aumento (Redução) no ativo não circulante 1.2 7.4
Juros pagos de empréstimo -14.5 -29.2
IRPJ e CSLL Pagos -6.8 -4.2
Caixa líquido gerado (aplicado) pelas atividades operacionais 104.1 212.6
Fluxo de caixa das atividades de investimentos: -41.7 -40.6
Aquisição de ativo imobilizado -15.8 -20.2
Aquisição de ativo intangível -11.0 -13.6
 Ágio e fundo de comércio em investimento em empresas controladas 0.0 0.0
Aplicação dos Títulos e valores mobiliários - -
(Redução) em preço de aquisição a pagar -15.0 -6.7
Aquisições 0.0 0.0
Caixa líquido gerado (aplicado) pelas atividades de investimentos 62.3 172.0
Fluxo de caixa das atividades de financiamentos: -8.2 -87.8
Aquisição de ações em tesouraria 0.0 0.0
Utilização de ações em tesouraria decorrente de exercício de opções de ações 0.0 8.1
Dividendos pagos 0.0 -87.4
Valor recebido pela emissão debêntures 0.0 0.0
Valor de emissão de debêntures - -
Deságio de alienação de ações em tesouraria 0.0 0.0
Valor de captação de empréstimos e financiamentos 0.0 0.0
Custos de captação de empréstimos 0.0 0.0
Amortização de arrendamentos 0.0 0.0
Amortização de empréstimos e financiamentos -8.2 -8.5
Caixa líquido gerado (aplicado) pelas atividades de financiamentos 54.1 84.2
Caixa no início do exercício 404.0 458.1
Aumento (Redução) nas disponibilidades 54.1 84.2
Caixa no final do exercício 458.1 542.3
3T17 4T17 2017 1T18 2T18 3T18 4T18 2018 1T19 2T19 3T19
132.7 -8.9 432.1 255.4 196.1 188.6 13.1 653.2 246.7 200.1 150.5
119.4 290.0 730.1 106.7 275.6 96.5 360.9 793.1 224.6 259.1 171.3
48.6 45.4 194.3 48.6 48.0 47.4 51.5 195.4 93.6 93.4 98.5
0.7 0.5 8.6 0.6 1.3 0.3 0.3 2.5 0.2 0.3 0.2
37.5 84.8 235.1 43.3 117.7 58.6 114.2 333.7 63.0 124.2 38.5
0.0 0.0 0.0 0.0 8.4 0.0 58.9 58.9 -0.5 0.3 0.4
1.7 1.4 7.5 2.9 0.1 -0.1 4.8 7.7 2.5 1.9 5.6
0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
12.7 100.6 157.1 29.6 31.5 31.5 42.2 134.8 29.3 28.3 4.0
-1.3 12.4 4.9 -2.8 -5.6 0.0 0.0 -8.4 0.0 0.0 0.0
-1.8 -6.1 -13.2 -23.9 62.0 -49.5 83.1 33.6 7.8 -13.6 -2.5
-1.4 -1.5 -5.7 -5.2 5.2 -2.5 4.7 2.1 0.1 0.0 0.0
-5.0 -1.2 -10.2 -0.9 -0.9 -1.0 -3.1 -5.9 -1.0 -3.9 -3.3
26.2 29.3 119.7 13.3 5.7 7.7 6.3 33.0 28.0 27.1 27.7
0.1 15.0 15.7 0.3 0.6 0.8 -0.8 0.8 1.3 -0.1 0.4
0.0 14.0 14.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2.0 -3.4 -0.3 0.2 0.6 1.9 -2.7 0.0 0.3 0.8 2.3
0.7 -1.3 4.6 0.9 0.8 1.3 1.7 4.7 0.0 1.0 0.2
-1.3 0.1 -2.0 0.1 0.1 0.1 0.1 0.4 -0.2 -0.6 -0.7
252.1 281.1 1,162.2 362.1 471.6 285.1 374.0 1,446.3 471.3 459.2 321.8
166.0 -107.6 -254.0 -197.4 -346.6 322.4 -214.6 -389.6 -270.6 -231.8 1.3
163.9 35.9 -75.2 -241.4 -248.4 365.3 -37.2 -123.6 -283.8 -206.2 6.4
13.5 7.1 29.8 -7.1 3.4 2.4 2.0 0.5 -8.5 3.6 2.5
3.4 5.4 1.0 31.6 -82.3 9.5 -18.1 -59.3 -0.9 -6.8 4.0
-1.2 23.1 16.7 0.4 0.9 4.0 15.8 21.1 -1.4 3.0 0.8
-4.9 14.0 0.9 0.8 -8.0 11.2 -25.0 -28.6 2.9 -1.8 0.0
-1.5 -9.7 4.8 34.3 -2.0 9.9 -7.2 34.9 18.9 -2.7 18.7
-0.9 -4.9 -19.0 -22.5 16.9 -44.2 16.9 -32.9 -1.5 0.0 -6.2
11.2 -82.4 3.4 40.5 27.8 5.6 -98.8 -25.0 54.1 11.4 13.7
6.8 -4.9 -14.1 -11.7 10.9 9.1 -4.5 3.8 3.6 -9.3 11.3
-13.7 -84.8 -135.7 -11.4 -22.9 -21.1 -38.8 -94.2 -16.9 -22.1 -23.0
-0.7 1.4 0.2 0.0 -0.1 0.0 4.9 4.8 0.0 -0.2 -0.1
-2.0 7.6 4.3 -1.2 5.9 -5.6 0.1 -0.8 -0.3 21.5 -3.9
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
1.0 -1.9 -2.8 -0.8 -2.3 -0.8 -0.7 -4.7 -0.8 -0.7 -0.5
4.2 4.3 17.2 0.0 0.0 2.1 10.8 29.2 0.0 0.0 0.0
-11.1 -17.7 -72.4 -0.5 -14.3 0.0 -34.5 -49.3 -7.6 -6.5 -20.1
-2.1 -0.2 -13.2 -8.4 -31.9 -24.9 -0.3 -65.6 -28.4 -15.1 -2.5
418.1 173.4 908.2 164.8 125.2 607.5 159.4 1,056.7 200.7 227.3 323.1
-57.8 -60.4 -200.5 -53.6 -48.3 -61.1 -129.0 -291.9 -66.7 -70.8 -125.2
-25.6 -37.5 -99.1 -22.6 -25.6 -30.0 -82.5 -160.7 -28.8 -42.7 -59.7
-15.7 -17.7 -58.0 -14.8 -12.8 -22.1 -38.1 -87.8 -21.4 -27.6 -51.4
 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
- - - - - - - - - - -
-16.5 -5.3 -43.4 -16.2 -9.8 -9.0 -8.4 -43.4 -16.5 -0.5 -14.2
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
360.4 113.0 707.7 111.2 76.7 546.4 30.4 764.8 134.0 156.5 197.9
-193.1 -298.1 -587.3 -8.5 -303.1 -176.7 17.0 -471.2 -66.3 -324.0 -50.4
0.0 0.0 0.0 0.0 -79.1 -170.8 0.0 -249.9 0.0 0.0 0.0
4.5 3.4 16.0 0.1 15.5 0.3 0.0 15.9 1.5 1.7 2.3
0.0 0.0 -87.4 0.0 -100.8 0.0 -400.0 -500.8 0.0 -153.2 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
- - - - - - - - - - -
-4.5 -0.2 -4.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 6.2 0.0 610.7 616.9 600.0 0.0 0.0
0.0 0.6 0.6 0.2 0.0 0.0 0.0 0.2 -1.3 -0.4 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
-193.1 -301.8 -511.7 -8.4 -144.8 -6.3 -193.7 -353.3 -666.4 -172.2 -52.7
167.2 -185.1 120.4 102.7 -226.4 369.6 47.5 293.6 67.7 -167.5 147.5
542.3 709.5 404.0 524.4 627.1 401.0 770.6 524.4 818.0 885.8 718.3
167.2 -185.1 120.4 102.7 -226.2 369.6 47.4 293.6 67.7 -167.5 147.5
709.5 524.4 524.4 627.1 401.0 770.6 818.0 818.0 885.8 718.3 865.8
4T19 2019 1T20 2T20 3T20 4T20 2020 1T21 2T21 3T21
60.6 657.9 174.2 -98.0 98.9 -170.2 5.0 53.3 117.1 62.5
226.3 881.3 240.0 499.1 328.9 457.5 1,525.5 355.2 380.6 428.7
75.4 360.9 93.2 121.5 146.3 178.0 538.9 154.4 154.6 195.7
0.1 0.8 0.1 1.1 3.0 0.9 5.1 5.2 1.2 1.2
82.4 308.1 71.8 229.0 78.4 156.0 535.3 95.4 159.2 89.4
-0.2 0.1 0.3 4.5 1.6 1.0 7.4 0.3 1.5 0.6
7.3 17.2 3.4 12.7 12.2 11.5 39.7 12.5 6.7 9.9
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
14.8 76.4 23.2 70.5 23.2 62.3 179.1 25.4 29.0 23.5
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
-9.0 -17.3 6.8 -6.6 -1.9 -6.1 -7.9 2.4 3.2 3.7
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
-1.9 -10.1 -1.5 -1.4 -1.0 -0.4 -4.2 -0.7 -0.5 -0.7
58.6 141.4 39.6 60.2 60.6 57.3 217.7 65.9 78.9 95.8
2.0 3.6 -0.2 0.7 0.2 0.5 1.2 -0.9 0.2 -0.1
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
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