Informações

Dados Operacionais
(nova abertura)

Balanço Patrimonial
Informações Financeiras e Operacionais

DRE por BU
Demostração de Resultados
(nova abertura)

alanço Patrimonial Fluxo de Caixa

 Voltar

Base de Alunos (mil alunos) 1T18 2T18 3T18 4T18 1T19

Base de Alunos Total 546.0 558.3 531.1 517.8 561.3
BU Premium 3.7 3.9 3.9 3.8 4.1
Base Final Graduação Medicina 3.5 3.6 3.6 3.6 3.8
Base inicial de alunos 3.3 3.5 3.6 3.6 3.6
(-) Formandos (0.3) (0.0) (0.2) (0.0) (0.3)
(+) Captação 0.7 0.2 0.3 0.0 0.8
(-) Evação e Não Renovação (0.2) (0.0) (0.2) (0.0) (0.3)
(+) Adquiridas - - - - -
Pós Graduação Medicina 0.2 0.3 0.3 0.3 0.3
Base Final Graduação IBMEC - - - - -
Base inicial de alunos - - - - -
(-) Formandos - - - - -
(+) Captação - - - - -
(-) Evação e Não Renovação - - - - -
(+) Adquiridas - - - - -
Pós Graduação IBMEC - - - - -
Base de alunos FIES 1.3 1.3 1.2 1.2 1.1
Medicina 1.3 1.3 1.2 1.2 1.1
IBMEC - - - - -
EAD 208.6 216.5 221.3 211.3 236.1

Base Final Graduação 100% online 132.1 136.6 140.9 135.5 156.2
Base inicial de alunos 112.5 132.1 136.6 140.9 135.5
(-) Formandos (8.5) (0.8) (8.7) (0.7) (11.5)
(+) Captação 54.0 11.3 45.7 0.4 64.5
(-) Evação e Não Renovação (25.9) (6.0) (32.7) (5.1) (32.3)
(+) Adquiridas - - - - -
Base Final Graduação FLEX 0.2 0.2 0.2 0.2 1.4
Base inicial de alunos 0.1 0.2 0.2 0.2 0.2
(-) Formandos - - - - 0.0
(+) Captação 0.1 0.0 0.1 - 1.3
(-) Evação e Não Renovação (0.0) (0.0) (0.0) (0.0) (0.2)
Migração cursos Semi e Flex - - - - -
Vida Toda 76.3 79.7 80.2 75.6 78.5
Qconcursos - - - - -
BU Presencial 333.7 337.9 305.9 302.6 321.1
Base Final Graduação Presencial 313.3 317.5 284.2 281.9 288.7
Base inicial de alunos 310.8 313.3 317.5 284.2 281.9
(-) Formandos (25.7) (0.1) (20.5) (0.1) (27.1)
(+) Captação 78.9 10.2 37.9 0.4 80.4
(-) Evação e Não Renovação (50.7) (5.8) (50.6) (2.6) (46.5)
(+) Adquiridas - - - - -
Base Final Graduação Semipresencial 20.1 20.1 21.4 20.4 32.0
 Base inicial de alunos 15.0 20.1 20.1 21.4 20.4
(-) Formandos (0.7) (0.0) (0.9) (0.7)
(+) Captação 9.8 1.2 7.6 19.1
(-) Evação e Não Renovação (4.1) (1.2) (5.4) (1.0) (6.9)
Migração cursos Semi e Flex - - - - -
Mestrado + Doutorado 0.3 0.3 0.3 0.3 0.5
Base de alunos FIES Presencial 78.7 76.7 66.6 64.5 47.5

Ticket Médio (R$ mês) 1T18 2T18 3T18 4T18 1T19

Graduação Presencial Total - - - - -
Graduação Presencial - - - - -
Graduação Presencial (ex-FIES) - - - - -
Graduação Semipresencial - - - - -
Graduação Ensino Digital Total - - - - -
100% online - - - - -
Flex - - - - -
Premium Graduação Medicina - - - - -
Premium Graduação IBMEC - - - - -

Campi, Polos & Cidades Cobertas (Unidades) 1T18 2T18 3T18 4T18 1T19

Número de Campi - - - - -
Número de Polos - - - - -

Ticket Médio Veterano (+1 ano) 1T18 2T18 3T18 4T18 1T19

Medicina
Ibmec
Digital
Presencial (ex semi)
2T19 3T19 4T19 1T20 2T20 3T20 4T20 1T21 2T21
576.4 575.4 569.7 632.5 752.1 764.2 762.6 717.9 823.8
4.2 4.2 4.3 4.6 11.3 11.8 11.9 12.6 13.0
3.9 4.0 4.0 4.3 4.5 5.3 5.4 6.0 6.2
3.8 3.9 4.0 4.0 4.3 5.1 5.3 5.4 6.0
(0.2) (0.2) (0.3) (0.0) (0.3) (0.0)
0.1 0.6 0.0 0.9 0.2 0.7 0.1 1.3 0.2
0.0 (0.2) 0.0 (0.4) (0.0) (0.3) 0.0 (0.4) 0.0
- - - - 0.5 - - - -
0.3 0.2 0.2 0.2 0.3 0.3 0.3 0.5 0.3
- - - - 5.1 4.8 4.8 5.2 5.1
- - - - - 5.1 4.8 4.8 5.2
- - - - - (0.4) (0.0) (0.3) (0.0)
- - - - 1.3 0.6 0.0 1.0 0.0
- - - - (0.7) (0.5) (0.0) (0.4) (0.1)
- - - - 4.5 - - - -
- - - - 1.4 1.4 1.4 1.0 1.3
1.2 1.1 1.1 1.0 1.6 1.6 1.6 1.4 1.6
1.2 1.1 1.1 1.0 1.2 1.2 1.2 1.2 1.2
- - - - 0.4 0.4 0.4 0.3 0.3
246.5 278.2 269.8 322.2 387.2 435.6 432.7 417.2 511.4

164.5 181.0 179.3 214.4 240.3 274.6 285.8 268.9 362.7

156.2 164.5 181.0 179.3 214.4 240.3 274.6 285.8 268.9
(0.4) (11.3) (0.3) (14.8) (0.7) (14.5) (0.7) (19.2) (13.4)
12.1 68.6 2.4 97.6 27.7 107.0 16.8 72.1 117.8
(3.5) (40.8) (3.8) (47.6) (4.5) (58.2) (4.9) (69.8) (10.7)
- - - - 3.3 - - - -
1.3 17.8 16.9 33.8 37.1 48.2 47.9 53.4 58.6
1.4 1.3 17.8 16.9 33.8 37.1 48.2 47.9 53.4
0.0 - (0.0) (0.2) (0.0) (0.3) (0.0) (0.3) (0.1)
0.1 12.4 0.1 24.9 5.2 24.0 0.9 22.4 6.8
(0.1) (6.0) (0.9) (7.9) (1.8) (12.7) (1.2) (16.5) (1.5)
- 10.1 - - - - - - -
80.7 79.4 73.6 74.0 109.8 112.8 99.0 94.9 90.1
- - - - - - - - -
325.8 292.9 295.7 305.8 353.6 316.8 318.1 288.1 299.4
294.1 273.9 276.9 286.6 333.6 299.2 300.5 269.6 279.3
288.7 294.1 273.9 276.9 286.6 333.6 299.2 300.5 269.6
(0.3) (20.0) (0.3) (27.7) (22.4) (0.7) (29.5) (0.9)
7.8 45.1 0.1 88.1 19.4 41.6 1.8 52.5 12.3
(2.0) (45.2) (1.1) (50.7) (8.5) (53.5) 0.2 (53.9) (1.7)
- - 4.2 36.1 - - - -
31.2 18.6 18.4 18.8 19.4 17.0 17.1 17.8 19.5
32.0 31.2 18.6 18.4 18.8 19.4 17.0 17.1 17.8
(0.0) (1.9) (0.0) (1.7) (0.1) (1.5) (0.0) (1.7) (0.0)
1.0 3.6 0.0 5.8 0.7 2.7 0.1 5.4 2.0
(1.7) (4.3) (0.2) (3.7) (0.0) (3.6) (0.0) (3.0) (0.3)
- (10.1) - - - - - - -
0.5 0.4 0.4 0.3 0.5 0.6 0.5 0.7 0.6
48.0 40.7 40.3 25.4 37.3 30.7 31.8 21.6 22.8

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

- - - 657.2 588.5 575.5 588.3 680.9 661.7
- - - 669.6 596.4 586.7 599.1 694.3 679.9
- - - 642.3 543.2 563.2 554.5 679.3 667.3
- - - 446.8 458.4 376.4 397.8 478.0 401.9
- - - 244.3 245.7 225.1 198.5 239.9 249.5
- - - 217.4 219.2 199.1 181.4 207.5 235.6
- - - 414.9 415.3 373.4 300.4 403.0 332.5
- - - 8,404.8 7,786.4 6,426.4 6,578.1 8,354.3 8,585.3
- - - - 2,548.1 2,693.8 2,702.7 2,657.1 2,700.6

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

- - - 95 100 108 111 112 110

- - - 1,015 1,225 1,383 1,510 1,601 1,761

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

8,903 8,966
2,802 2,802
231 231
711 725
 3T21 4T21 1T22 2T22 3T22 4T22 1T23 2T23 3T23
1,261.4 1,243.9 1,271.0 1,300.3 1,216.4 1,194.9 1,314.5 1,390.0 1,347.8
13.1 12.5 13.9 14.0 14.2 14.1 16.0 15.6 15.9
6.4 6.5 7.1 7.2 7.5 7.5 8.1 8.2 8.4
6.2 6.4 6.5 7.1 7.2 7.5 7.5 8.1 8.2
(0.2) (0.4) 0.1 (0.3) (0.0) (0.4) (0.0) (0.4)
0.8 0.0 1.6 0.1 1.0 0.0 1.5 0.1 1.1
(0.4) (0.6) (0.1) (0.4) (0.0) (0.5) (0.0) (0.4)
- - - - - - - - -
0.6 0.3 0.4 0.3 0.4 0.3 0.4 0.3 0.3
4.9 4.8 5.2 5.1 4.9 4.9 5.7 5.6 5.6
5.1 4.9 4.8 5.2 5.1 4.9 4.9 5.7 5.6
(0.6) (0.0) (0.6) (0.4) (0.5) (0.0) (0.3)
0.5 0.0 1.5 0.0 0.7 0.0 1.8 0.1 0.9
(0.2) (0.0) (0.5) (0.1) (0.5) (0.1) (0.6) (0.2) (0.5)
- - - - - - - - -
1.2 0.9 1.2 1.3 1.4 1.3 1.8 1.5 1.5
1.3 1.4 1.1 1.2 1.1 1.2 1.0 1.2 1.2
1.1 1.1 0.9 1.0 0.9 1.0 0.9 1.0 1.0
0.2 0.3 0.2 0.2 0.2 0.2 0.1 0.2 0.2
970.9 953.9 961.2 984.1 932.1 912.8 1,025.4 1,094.9 1,067.3

380.5 365.9 396.9 410.5 372.1 363.8 432.9 467.9 442.0

362.7 380.5 365.9 396.9 410.5 372.1 363.8 432.9 467.9
(18.9) (0.7) (25.5) (1.4) (29.3) (3.0) (23.0) (11.5) (23.9)
94.2 34.7 128.3 53.2 75.1 30.1 160.2 76.6 95.6
(57.4) (48.7) (71.8) (38.2) (84.1) (35.5) (68.1) (30.0) (97.6)
- - - - - - - - -
63.8 66.9 72.0 75.4 65.8 66.0 77.1 83.7 75.8
58.6 63.8 66.9 72.0 75.4 65.8 66.0 77.1 83.7
(0.3) (0.2) (4.5) (0.1) (0.7) (0.1) (0.8) (0.1) (1.3)
24.3 4.5 30.6 7.4 12.2 4.5 27.8 11.3 14.3
(18.8) (1.1) (20.5) (3.9) (21.1) (4.2) (15.9) (4.6) (20.9)
- - - - - - -
526.6 521.1 492.2 498.2 494.1 483.0 515.5 543.3 549.5
443.0 447.0 438.3 452.8 445.5 443.1 461.8 491.8 504.5
277.4 277.4 296.0 302.1 270.1 268.0 273.1 279.5 264.6
255.3 255.7 260.3 265.4 234.4 234.2 230.2 235.1 211.6
279.3 255.3 255.7 260.3 265.4 234.4 234.2 230.2 235.1
(18.3) (0.6) (23.8) (0.4) (17.3) (0.2) (20.6) (0.2) (16.2)
42.1 1.3 73.8 7.2 29.7 0.7 56.0 6.0 31.3
(47.8) (0.3) (45.4) (1.7) (43.3) (0.8) (39.3) (1.0) (38.5)
- - - - - - - - -
21.4 21.0 31.6 32.3 31.4 30.9 40.0 41.2 49.8
 19.5 21.4 21.0 31.6 32.3 31.4 30.9 40.0 41.2
(1.6) (1.7) 0.0 (1.8) (0.0) (1.3) (0.0) (1.4)
7.3 0.5 18.3 2.0 10.2 0.1 18.8 2.2 21.5
(3.8) (0.8) (6.1) (1.3) (9.3) (0.6) (8.4) (0.9) (11.6)
- - - - - - - - -
0.7 0.7 4.1 4.4 4.2 2.9 2.9 3.2 3.2
16.4 18.3 13.5 15.4 12.9 13.6 9.8 11.6 11.6

3T21 4T21 1T22 2T22 3T22 4T22 1T23 2T23 3T23

640.7 629.5 631.9 579.6 627.0 613.9 655.2 663.4 675.2
658.8 651.2 650.0 605.5 650.9 645.2 678.8 700.4 710.7
653.8 621.8 625.5 564.4 635.6 620.5 691.6 680.1 710.0
423.6 365.3 483.2 366.5 448.7 376.8 518.8 452.7 524.1
216.1 201.4 225.2 202.9 225.5 219.7 259.3 239.3 241.7
191.5 178.6 195.5 181.7 199.0 195.4 226.9 210.3 213.8
363.6 326.3 389.3 318.2 375.4 353.7 441.3 401.7 404.5
8,323.1 8,344.0 9,610.2 9,350.0 9,499.1 9,487.3 10,238.9 9,178.9 9,936.7
2,736.9 2,688.9 2,962.7 3,010.6 3,002.8 2,983.1 3,251.9 3,292.6 3,264.3

3T21 4T21 1T22 2T22 3T22 4T22 1T23 2T23 3T23

110 105 106 106 103 103 103 103 103

1,936 2,030 2,059 2,213 2,381 2,512 2,391 2,447 2,504

3T21 4T21 1T22 2T22 3T22 4T22 1T23 2T23 3T23

8,943 8,994 9,538 9,619 9,727 9,724 10,597 10,593 10,711

2,764 2,780 2,960 2,998 2,963 2,978 3,313 3,355 3,311
215 219 237 236 237 241 245 266 256
696 698 690 721 700 730 732 786 740
 Voltar

Demonstração de Resultados (R$ milhões) 2015 1T16 2T16 3T16 4T16

Receita Operacional Bruta 4,322.1 1,273.6 1,214.8 1,167.3 1,148.5
Mensalidades 4,189.2 1,249.0 1,198.0 1,152.6 1,139.8
Outras 69.7 18.8 13.2 12.7 8.0
Pronatec 63.2 5.8 3.6 2.0 0.7
Deduções da Receita Bruta (1,390.9) (484.3) (379.6) (404.2) (351.6)
Descontos e Bolsas (1,164.7) (427.3) (322.3) (341.9) (287.6)
Impostos (121.4) (33.0) (34.1) (32.7) (33.8)
FGEDUC (71.3) (19.4) (17.3) (25.2) (25.6)
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)
Receita Operacional Líquida 2,931.2 789.3 835.2 763.1 796.9
Custos dos Serviços Prestados (1,660.7) (437.0) (494.5) (392.1) (485.5)
Pessoal e Encargos (1,212.4) (326.9) (375.1) (275.2) (357.8)
Aluguéis, condomínio e IPTU (217.9) (59.2) (61.8) (62.8) (61.4)
Serviços de Terceiros e Outros (99.5) (24.0) (26.8) (24.8) (28.6)
Energia elétrica, água, gás e telefone - - - - -
Repasse de Polos - - - - -
Outros (47.9) (5.1) (10.7) (8.5) (7.2)
Depreciação e amortização (83.0) (21.8) (20.1) (20.8) (30.6)
Lucro Bruto 1,270.5 352.3 340.7 371.0 311.3
Despesas Comerciais, Gerais e Administrativas (829.7) (207.9) (330.4) (225.0) (151.2)
Despesas Comerciais (371.1) (87.7) (184.5) (76.0) (28.0)
PDD (164.3) (28.4) (113.7) (33.1) 13.5
Vendas & Marketing (206.8) (59.3) (70.8) (42.9) (41.5)
Despesas Gerais e Administrativas (458.6) (120.2) (145.9) (149.0) (123.2)
Pessoal e encargos (141.8) (43.1) (31.4) (49.3) (44.0)
Serviços de Terceiros - - - - -
Manutenção e Reparos - - - - -
Provisão para Contingências - - - - -
Outras Despesas (235.4) (50.5) (89.7) (75.3) (55.1)
Depreciação (81.4) (26.7) (24.8) (24.4) (24.2)
Outras receitas/despesas operacionais 27.6 4.2 (11.7) 3.4 2.4
(+) Depreciação e amortização 164.4 48.2 44.9 45.2 54.1
EBITDA 632.8 197.0 43.5 194.6 217.2
Margem EBITDA 21.6% 25.0% 5.2% 25.5% 27.3%
Resultado financeiro (31.7) (11.9) (16.6) (32.8) (25.3)
Depreciação e amortização (164.5) (48.5) (44.9) (44.9) (54.7)
Contribuição social (0.2) (2.3) (1.5) 5.3 (4.0)
Imposto de renda 3.6 (6.4) (0.5) 13.7 (9.0)
Lucro Líquido 440.0 127.9 (20.0) 135.9 124.2
(R$ milhões) 2015 1T16 2T16 3T16 4T16
Itens não recorrentes da Receita - - - - -
Receita Líquida Ajustada - - - - -
Premium - - - - -
Medicina - - - - -
IBMEC - - - - -
Ensino Digital - - - - -
100% Online - - - - -
FLEX - - - - -
Vida Toda - - - - -
Presencial - - - - -
Presencial - - - - -
Semipresencial - - - - -

Itens não recorrentes EBITDA - - - - -

EBITDA Ajustado - - - - -
Margem EBITDA Ajustada - - - - -

Impacto IFRS 16 no EBITDA - - - - -

Custo: Aluguel Arrendamento - Direito de uso - - - - -
Despesas: Aluguel Arrendamento - Direito de uso - - - - -
EBITDA ex-IFRS 16 - - - - -
EBITDA ajustado ex-IFRS 16 - - - - -

Impacto IFRS 16 na Lucro Líquido - - - - -

Lucro Líquido ex-IFRS 16 - - - - -

Lucro Líquido Ajustado

Receita PAR
Receita Bruta à Vista - - - - -
Receita Bruta Parcelada - - - - -

Receita DIS
Receita Bruta à Vista - - - - -
Receita Bruta Parcelada - - - - -
 2016 1T17 2T17 3T17 4T17 2017 1T18 2T18 3T18 4T18
4,804.2 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
4,739.4 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
52.7 11.3 8.6 11.2 8.8 39.9 10.2 8.3 9.2 8.7
12.1 0.3 0.1 0.5 (0.4) 0.5 - - - -
(1,619.7) (545.8) (512.9) (527.0) (446.2) (2,031.9) (514.5) (570.3) (547.4) (532.5)
(1,379.1) (473.7) (431.3) (461.5) (386.6) (1,753.1) (417.7) (500.7) (478.3) (494.7)
(133.6) (36.7) (42.2) (36.7) (36.9) (152.5) (51.2) (32.7) (36.5) (35.4)
(87.5) (24.1) (25.2) (22.8) (22.7) (94.8) (21.7) (22.7) (19.3) (18.3)
(7.0) (9.0) (1.6) 6.4 (11.2) (12.4) (11.1) (8.9) 6.9
- - - - (11.5) (3.0) (4.4) 8.9
- - - - - - - -
(19.6) (4.3) (5.1) (4.4) (6.4) (20.2) - - - -
3,184.5 818.9 913.4 808.1 838.4 3,378.8 935.7 963.7 852.9 867.0
(1,809.1) (418.9) (466.1) (401.5) (490.6) (1,777.1) (383.4) (427.6) (365.6) (456.2)
(1,335.0) (304.4) (340.3) (288.4) (379.6) (1,312.7) (272.2) (302.9) (253.4) (331.8)
(245.2) (63.2) (64.2) (62.1) (61.1) (250.6) (58.4) (63.3) (59.3) (62.6)
(104.2) (24.8) (27.3) (24.4) (27.1) (103.6) (14.7) (15.5) (13.6) (12.7)
- - - - (7.8) (13.1) (8.8) (11.6)
- - - - (4.0) (6.4) (5.5) (8.8)
(31.5) (3.4) (5.0) (2.6) (2.4) (13.4) (2.8) (2.9) (1.5) (2.3)
(93.3) (23.1) (29.3) (24.0) (20.4) (96.8) (23.5) (23.6) (23.6) (26.4)
1,375.3 400.0 447.3 406.6 347.8 1,601.7 552.3 536.1 487.3 410.8
(914.5) (238.7) (245.6) (235.7) (322.1) (1,042.1) (270.6) (306.7) (256.2) (333.8)
(376.2) (111.8) (115.6) (97.4) (118.9) (443.7) (121.8) (155.5) (118.4) (157.4)
(161.7) (48.2) (65.6) (37.7) (85.2) (236.7) (41.2) (120.4) (58.8) (114.4)
(214.5) (63.6) (50.0) (59.7) (33.7) (207.0) (80.6) (35.1) (59.6) (43.0)
(538.3) (126.9) (130.0) (138.3) (203.2) (598.4) (148.8) (151.3) (137.8) (176.4)
(167.8) (39.5) (32.4) (40.9) (67.0) (179.8) (42.5) (41.1) (42.1) (47.5)
- - - - (29.6) (31.2) (27.0) (42.1)
- - - - (9.4) (10.4) (7.9) (10.4)
- - - - (25.5) (24.0) (20.7) (33.0)
(270.6) (64.2) (73.0) (72.8) (111.1) (321.1) (16.8) (20.2) (16.2) (18.3)
(100.1) (23.2) (24.6) (24.6) (25.1) (97.5) (25.1) (24.3) (23.8) (25.1)
(1.7) 6.9 (1.8) 4.2 (25.8) (16.5) (0.2) (3.3) (3.9) (39.9)
192.4 46.3 53.9 48.6 45.5 194.3 48.6 47.9 47.4 51.5
652.3 214.5 253.8 223.7 45.4 737.4 330.1 274.0 274.6 88.6
20.5% 26.2% 27.8% 27.7% 5.4% 21.8% 35.3% 28.4% 32.2% 10.2%
(86.6) (37.6) (22.7) (42.3) (8.9) (111.5) (26.1) (30.1) (38.6) (24.0)
(193.0) (46.4) (53.8) (48.6) (45.4) (194.2) (48.6) (47.9) (47.4) (51.5)
(2.5) (2.5) (3.2) 4.0 (2.7) (4.4) (15.6) 10.5 1.2 0.1
(2.2) (6.5) (7.9) 12.6 (1.1) (2.9) (42.5) 30.3 4.5 3.1
368.0 121.5 166.2 149.4 (12.7) 424.4 197.4 236.9 194.3 16.3
2016 1T17 2T17 3T17 4T17 2017 1T18 2T18 3T18 4T18
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -

- - - - - - 5.2 9.4 8.2 164.5

- - - - - - 335.3 283.4 282.8 253.1
- - - - - - 35.8% 29.4% 33.2% 29.2%

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -

- - - - - - - - - -
- - - - - - - - - -

- - - - - - - - - -
- - - - - - - - - -

- - - - - - - - - -
- - - - - - - - - -
 2018 1T19 2T19 3T19 4T19 2019 1T20 2T20 3T20
5,784.2 1,528.8 1,654.2 1,482.1 1,519.8 6,185.0 1,694.2 2,021.5 1,940.4
5,747.8 1,517.8 1,642.8 1,470.3 1,508.3 6,139.1 1,686.5 2,008.6 1,924.2
36.4 11.1 11.5 11.8 11.5 45.8 7.7 12.9 16.2
0.0 0.0 0.0 0.0 0.0 0.0 0.0
(2,164.8) (596.2) (697.0) (648.9) (677.8) (2,619.9) (771.0) (1,030.4) (964.1)
(1,891.4) (536.7) (656.5) (603.9) (643.1) (2,440.2) (719.0) (981.3) (917.9)
(155.8) (37.5) (37.2) (33.0) (32.0) (139.7) (35.9) (41.8) (37.6)
(82.0) (14.3) (16.9) (14.5) (11.7) (57.4) (9.3) (13.9) (10.8)
(25.5) (1.3) 8.9 3.7 4.5 15.8 (0.7) 3.6 2.6
(10.1) (6.5) 4.7 (1.2) 4.5 1.5 (6.1) 3.1 (0.7)
- - - - - - - 0.2
- - - - - - - -
3,619.4 932.6 957.2 833.1 842.0 3,565.0 923.3 991.1 976.3
(1,632.8) (360.069) (397.879) (369.418) (393.352) (1,520.7) (348.9) (444.0) (434.2)
(1,160.3) (249.2) (279.4) (249.2) (291.2) (1,069.0) (229.8) (306.7) (264.5)
(243.6) (9.2) (9.5) (10.5) (10.1) (39.3) (11.0) (9.4) (16.1)
(56.4) (13.6) (13.5) (14.3) (13.6) (55.0) (14.2) (7.6) (10.8)
(41.3) (8.6) (11.1) (9.4) (12.5) (41.6) (8.4) (7.2) (7.2)
(24.6) (7.6) (10.4) (12.3) (12.9) (43.3) (16.5) (25.0) (32.1)
(9.4) (1.2) (3.9) (1.0) (3.5) (9.6) (2.5) (3.7) (4.4)
(97.1) (70.7) (70.1) (72.7) (49.5) (262.9) (66.4) (84.4) (99.1)
1,986.6 572.6 559.3 463.7 448.7 2,044.3 574.4 547.1 542.2
(1,167.3) (285.3) (313.5) (263.9) (296.0) (1,158.7) (333.8) (554.4) (355.3)
(553.0) (156.3) (175.8) (104.6) (134.9) (571.6) (179.5) (298.0) (160.7)
(334.7) (63.1) (124.3) (38.6) (82.5) (308.5) (71.9) (229.0) (78.1)
(218.3) (93.2) (51.5) (66.0) (52.3) (263.1) (107.7) (68.9) (82.6)
(614.3) (129.0) (137.6) (159.2) (161.2) (587.1) (154.3) (256.4) (194.5)
(173.2) (41.8) (39.5) (47.8) (48.3) (177.4) (44.4) (71.8) (64.8)
(130.0) (19.1) (14.4) (28.8) (41.7) (104.1) (32.9) (31.9) (30.3)
(38.1) (8.3) (12.4) (13.0) (14.9) (48.5) (9.8) (11.4) (16.7)
(103.2) (21.3) (19.4) (12.7) (12.9) (66.3) (22.4) (72.1) (18.4)
(71.6) (15.6) (28.6) (31.1) (17.5) (92.7) (18.0) (32.2) (17.1)
(98.3) (23.0) (23.3) (25.8) (25.9) (98.0) (26.7) (37.1) (47.2)
(47.3) 3.8 2.8 3.7 4.2 14.4 4.0 (3.1) (1.1)
195.4 93.6 93.4 98.5 75.4 360.9 93.2 121.5 146.3
967.4 384.6 342.0 302.1 232.2 1,261.0 337.7 111.2 332.2
26.7% 41.2% 35.7% 36.3% 27.6% 35.4% 36.6% 11.2% 34.0%
(118.8) (44.3) (48.6) (53.0) (96.2) (242.1) (70.4) (87.7) (86.9)
(195.4) (93.6) (93.4) (98.5) (75.4) (360.9) (93.2) (121.5) (146.3)
(3.8) (2.0) (1.5) (0.1) (1.0) (4.6) (1.8) 4.9 3.7
(4.5) (4.0) (3.7) 2.1 (1.6) (7.2) (4.5) 13.5 9.9
644.8 240.8 194.8 152.5 58.1 646.1 167.9 (79.5) 112.5
 2018 1T19 2T19 3T19 4T19 2019 1T20 2T20 3T20
- - - - - - - 66.7 68.0
- - - - - - 923.3 1,057.8 1,044.4
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -

187.3 0.0 0.0 41.8 56.9 98.7 13.1 214.5 67.6

1,154.7 384.6 342.0 343.9 289.1 1,359.7 350.8 325.8 399.7
31.9% 41.2% 35.7% 41.3% 34.3% 38.1% 38.0% 30.8% 38.3%

- 55.0 54.1 54.3 55.2 218.6 58.8 63.3 74.0

- 54.1 53.0 53.2 54.1 214.4 57.7 62.1 72.8
- 1.0 1.1 1.1 1.1 4.2 1.1 1.2 1.2
- 329.6 287.9 247.8 177.0 1,042.3 278.9 47.9 258.1
- 329.6 287.9 289.6 233.9 1,141.1 292.0 262.4 325.7

- (5.9) (7.0) (6.3) (19.0) (38.2) (11.3) (17.6) (14.3)

- 246.7 201.8 158.8 77.0 684.4 179.2 (62.0) 126.8

182.7 141.6 194.7

- - - - - - 16.2 15.9 11.3

- - - - - - 15.1 17.3 10.6

- - - - - - 13.0 4.6 11.0

- - - - - - 178.4 50.2 122.9
 4T20 2020 1T21 2T21 3T21 4T21 2021 1T22 2T22
2,047.3 7,703.5 2,057.0 2,381.7 2,201.3 2,241.5 8,881.4 2,454.3 2,574.6
2,030.8 7,650.1 2,043.3 2,365.9 2,164.1 2,205.6 8,778.9 2,418.1 2,537.4
16.5 53.4 13.6 15.8 37.2 35.8 102.5 36.2 37.3
(0.0) 0.0 0.0 0.0 0.1 0.1 0.0
(1,084.2) (3,849.7) (974.7) (1,221.1) (1,103.2) (1,191.1) (4,490.1) (1,261.3) (1,439.8)
(1,038.2) (3,656.4) (923.6) (1,166.2) (1,052.4) (1,145.0) (4,287.2) (1,205.3) (1,390.9)
(38.3) (153.5) (39.5) (42.8) (39.0) (40.2) (161.5) (42.1) (47.1)
(13.5) (47.5) (8.4) (8.9) (8.0) (7.9) (33.2) (5.1) (6.6)
2.5 8.0 1.3 0.2 0.7 (0.2) 2.0 2.5 1.0
3.6 (0.1) (3.7) (3.5) (4.4) 2.5 (9.1) (11.1) 4.1
(0.3) (0.2) (0.7) 0.0 (0.2) (0.2) (1.1) (0.2) (0.3)
- - - - - - - -
963.0 3,853.7 1,082.3 1,160.6 1,098.1 1,050.3 4,391.4 1,193.0 1,134.9
(517.8) (1,744.9) (456.8) (501.2) (501.3) (542.9) (2,002.3) (465.7) (531.6)
(307.1) (1,108.1) (276.9) (316.1) (275.6) (333.4) (1,201.9) (267.7) (325.2)
(25.8) (62.3) (13.2) (12.8) (12.5) (16.7) (55.2) (10.6) (9.1)
(14.2) (46.9) (12.7) (14.2) (15.1) (16.2) (58.2) (16.3) (16.4)
(8.7) (31.5) (8.1) (9.5) (9.0) (12.3) (38.9) (11.9) (12.2)
(36.9) (110.5) (37.5) (42.3) (48.0) (51.0) (178.8) (45.6) (54.7)
(1.7) (12.4) (2.8) (3.2) (4.4) (4.7) (15.1) (3.2) (1.1)
(123.3) (373.3) (105.7) (103.0) (136.7) (108.6) (454.0) (110.4) (112.9)
445.2 2,108.8 625.5 659.4 596.8 507.4 2,389.1 727.269 603.3
(511.4) (1,754.8) (472.6) (468.3) (438.6) (488.6) (1,868.2) (511.6) (486.1)
(221.5) (859.8) (251.6) (231.5) (191.6) (220.3) (895.0) (270.6) (244.8)
(155.7) (534.8) (95.4) (159.3) (89.5) (170.0) (514.2) (128.9) (174.1)
(65.8) (325.0) (156.2) (72.2) (102.1) (50.3) (380.8) (141.7) (70.8)
(289.9) (895.0) (220.9) (236.8) (247.1) (268.4) (973.2) (240.9) (241.3)
(74.9) (255.9) (86.6) (86.8) (87.1) (90.4) (350.9) (82.3) (67.7)
(50.0) (145.1) (30.8) (30.8) (37.3) (40.6) (139.5) (33.7) (39.5)
(33.3) (71.2) (18.9) (19.8) (21.8) (24.9) (85.4) (14.8) (18.0)
(52.8) (165.7) (15.8) (23.6) (12.3) (8.2) (59.9) (11.6) (12.3)
(24.2) (91.5) (20.2) (24.3) (29.4) (38.6) (112.5) (32.3) (37.7)
(54.6) (165.6) (48.7) (51.5) (59.1) (65.7) (225.0) (66.3) (66.1)
2.5 2.4 5.8 3.2 7.4 9.3 25.7 3.8 8.8
178.0 538.9 154.4 154.6 195.7 174.3 679.0 176.6 179.0
114.2 895.3 313.1 348.9 361.3 202.3 1,225.6 396.2 304.9
11.9% 23.2% 28.9% 30.1% 32.9% 19.3% 27.9% 33.2% 26.9%
(106.5) (351.4) (105.5) (77.2) (103.1) (150.2) (436.0) (144.3) (189.0)
(178.0) (538.9) (154.4) (154.6) (195.7) (174.3) (679.0) (176.6) (179.0)
17.2 24.0 (2.7) (0.3) 2.0 13.0 11.9 0.1 (0.1)
50.3 69.2 (7.3) (0.3) 8.4 34.8 35.6 0.6 (0.1)
(102.6) 98.2 43.2 116.5 72.8 (74.3) 158.2 76.0 (63.3)
 4T20 2020 1T21 2T21 3T21 4T21 2021 1T22 2T22
83.3 218.0 6.5 1.2 7.1 20.6 35.3 0.0 0.0
1,046.3 4,071.7 1,088.8 1,161.9 1,105.1 1,070.9 4,426.7 1,193.0 1,134.9
- 624.7 210.3 213.5 216.0 217.5 857.4 262.4 264.1
- 496.6 159.7 165.9 169.7 171.1 666.4 206.2 206.7
- 128.1 50.6 47.6 46.4 46.4 191.0 56.2 57.4
- 985.1 290.3 355.7 354.1 315.3 1,315.4 370.8 346.9
- 617.8 167.4 247.2 218.6 196.1 829.3 232.8 223.8
- 192.2 64.6 58.4 69.6 65.6 258.2 84.1 72.0
- 175.1 58.3 50.1 65.9 53.6 228.0 54.0 51.1
- 2,461.9 588.2 592.6 534.8 538.1 2,253.7 559.8 523.9
- 2,370.4 562.6 569.1 507.6 515.0 2,154.4 513.9 488.4
- 91.5 25.6 23.5 27.1 23.1 99.3 45.9 35.6

159.3 454.5 11.1 4.9 33.4 61.6 111.0 4.2 32.0

273.5 1,349.8 324.2 353.8 394.7 263.9 1,336.6 400.4 336.9
26.1% 33% 29.8% 30.5% 35.7% 24.6% 30.2% 33.6% 29.7%

78.1 274.3 84.6 84.5 87.9 83.7 340.6 86.1 87.9

76.9 269.5 83.2 83.1 86.4 82.2 334.9 84.6 87.0
1.2 4.8 1.4 1.4 1.5 1.5 5.7 1.5 0.9
36.1 621.0 228.5 264.3 273.4 118.6 885.0 310.1 217.0
195.4 1,075.5 239.6 269.3 306.8 180.2 995.9 314.2 249.0

(7.9) (51.0) (11.0) (8.7) (11.2) (10.8) (41.7) (8.8) (27.4)

(94.8) 149.2 54.2 125.1 84.0 (63.6) 199.9 84.8 (35.9)

92.8 611.8 71.9 137.6 144.6 2.3 356.4 96.1 (15.6)

12.7 56.0 11.2 11.3 9.0 9.2 40.7 6.2 6.5

11.1 54.1 9.5 8.8 7.0 6.4 31.6 4.0 4.2

1.4 30.0 7.9 12.4 8.8 3.0 32.1 14.5 5.7

12.8 364.2 131.9 119.2 111.7 22.5 385.3 202.9 51.9
 3T22 4T22 2022 1T23 2T23 3T23
2,375.9 2,384.9 9,789.7 2,673.8 2,879.5 2,672.4
2,331.2 2,341.4 9,628.1 2,626.3 2,829.7 2,625.9
43.7 43.5 160.6 47.5 49.8 46.5
1.0 1.0
(1,240.4) (1,283.3) (5,224.8) (1,360.5) (1,571.5) (1,375.8)
(1,180.6) (1,239.9) (5,016.8) (1,261.2) (1,505.0) (1,302.4)
(44.3) (39.5) (173.0) (46.8) (49.8) (47.0)
(6.9) (8.2) (26.7) (31.3) (20.0) (20.8)
(1.1) (0.8) 1.7 (0.1) (0.0) 1.2
(7.2) 5.0 (9.2) (19.1) 5.2 (7.0)
(0.4) 0.1 (0.7) (1.9) (1.9) 0.1
- - -
1,135.5 1,101.6 4,564.9 1,313.3 1,308.0 1,296.6
(478.5) (506.7) (1,982.5) (479.5) (550.3) (507.2)
(290.0) (300.9) (1,183.8) (276.3) (330.8) (296.5)
(1.4) (14.6) (35.7) (14.1) (9.5) (8.3)
(16.0) (15.7) (64.5) (15.0) (16.1) (16.3)
(11.1) (13.7) (48.9) (10.1) (15.1) (11.7)
(55.7) (57.2) (213.2) (55.3) (68.4) (66.4)
(1.8) (2.2) (8.4) (1.6) (5.4) (4.3)
(102.4) (102.3) (428.1) (107.1) (105.0) (103.8)
657.0 595.0 2,582.5 833.821 757.622 789.416
(464.0) (530.5) (1,992.1) (549.7) (550.3) (532.3)
(190.9) (244.6) (951.0) (257.5) (230.7) (206.1)
(99.8) (180.1) (582.9) (128.2) (166.6) (130.9)
(91.1) (64.5) (368.1) (129.3) (64.0) (75.1)
(273.0) (285.9) (1,041.1) (292.2) (319.6) (326.2)
(81.9) (86.0) (317.9) (92.4) (112.0) (100.2)
(46.1) (44.7) (164.0) (42.5) (41.5) (41.7)
(20.0) (20.8) (73.6) (22.0) (21.8) (25.2)
(27.7) (24.8) (76.5) (19.8) (11.3) (27.7)
(29.1) (29.5) (128.7) (37.5) (35.8) (40.2)
(68.2) (80.0) (280.5) (78.0) (97.2) (91.2)
4.6 9.9 27.1 25.1 5.7 1.3
170.7 182.3 708.5 185.1 202.2 194.9
368.2 256.6 1,326.0 494.4 415.2 453.3
32.4% 23.3% 29.0% 37.6% 31.7% 35.0%
(193.8) (177.6) (704.6) (171.8) (175.9) (172.8)
(170.7) (182.3) (708.5) (185.1) (202.2) (194.9)
3.2 5.1 8.2 3.2 (1.4) 1.9
9.2 13.8 23.6 8.8 (3.7) 5.9
16.1 (84.3) (55.4) 149.5 32.1 93.3
 3T22 4T22 2022 1T23 2T23 3T23
0.0 0.0 0.0 0.0 0.0 0.0
1,135.5 1,101.6 4,564.9 1,313.3 1,308.0 1,296.6
278.5 273.1 1,078.0 322.0 296.5 331.1
222.2 221.2 856.3 257.0 231.1 258.3
56.2 52.0 221.8 65.0 65.4 72.8
350.2 334.1 1,402.0 454.5 454.7 429.5
222.2 213.3 892.0 294.7 295.2 283.6
74.1 70.1 300.3 102.0 100.9 92.0
53.9 50.8 209.8 57.8 58.6 53.9
506.8 494.4 2,084.9 536.8 556.8 536.0
464.5 459.5 1,926.3 474.6 500.8 457.8
42.3 34.9 158.6 62.2 56.0 78.3

39.7 56.9 132.7 -10.0 2.7 13.5

408.0 313.5 1,458.7 484.4 417.9 466.8
35.9% 28.5% 32.0% 36.9% 32.0% 36.0%

85.0 79.8 338.8 85.7 88.0 94.1

83.3 78.8 333.8 84.3 86.7 92.8
1.6 1.1 5.0 1.4 1.4 1.3
283.3 176.8 987.2 408.7 327.2 359.3
323.0 233.7 1,119.9 398.7 329.9 372.8

(13.7) (13.6) (63.5) (12.5) (12.0) (7.2)

29.8 (70.7) 8.1 162.0 44.1 100.5

67.2 (8.4) 139.3 155.9 51.6 123.3

4.8 4.7 22.3 3.9 3.2 2.5

2.8 3.0 14.0 1.2 2.1 1.6

12.9 3.6 36.8 24.1 8.2 12.2

108.9 18.3 382.1 270.6 85.6 153.5
 Voltar

Consolidad
Em R$ Milhões 1T21 2T21 3T21 4T21 1T22
Receita Operacional Bruta 2,057.0 2,381.7 2,201.3 2,241.5 2,454.3
Mensalidades e outras 2,057.0 2,381.7 2,201.3 2,241.5 2,454.3
Deduções da Receita Bruta (974.7) (1,221.1) (1,103.2) (1,191.1) (1,261.3)
Receita Operacional 1,082.3 1,160.6 1,098.1 1,050.3 1,193.0
Custos dos Serviços Prestados (456.8) (501.2) (501.3) (542.9) (465.7)
Pessoal (276.9) (316.1) (275.6) (333.4) (267.7)
Aluguéis, Condomínio e IPTU (13.2) (12.8) (12.5) (16.7) (10.6)
Serviços de Terceiros e Outros (61.1) (69.3) (76.4) (84.3) (77.2)
Depreciação e Amortização (105.7) (103.0) (136.7) (108.6) (110.4)
Lucro Bruto 625.5 659.4 596.8 507.4 727.0
Margem Bruta 57.8% 56.8% 54.3% 48.3% 60.9%
Despesas Comerciais, G&A e Outras (466.8) (465.1) (431.2) (479.4) (507.5)
Pessoal (86.6) (86.8) (87.1) (90.4) (82.9)
Vendas (156.2) (72.2) (102.1) (50.3) (141.7)
PDD (95.4) (159.2) (89.4) (169.9) (128.7)
Outras Despesas (85.6) (98.6) (101.0) (112.3) (91.7)
Outras receitas/despesas operacionais 5.8 3.2 7.4 9.3 3.8
Depreciação e Amortização (48.7) (51.5) (59.1) (65.7) (66.2)
(+) Depreciação e amortização 154.4 154.6 195.7 174.3 176.6
EBITDA 313.1 348.9 361.3 202.3 396.2
Margem EBITDA (%) 28.9% 30.1% 32.9% 19.3% 33.2%

Receita Líquida Ajustada 1,088.8 1,161.9 1,105.1 1,070.9 1,193.0

EBITDA ajustado 324.2 353.8 394.7 263.9 400.4
Margem EBITDA ajustada(%) 29.8% 30.5% 35.7% 24.6% 33.6%

Itens não recorrentes (R$ milhões) 1T21 2T21 3T21 4T21 1T22
Receita Operacional 6.5 1.2 7.1 20.6 0.0
Custos dos Serviços Prestados 1.4 0.1 18.9 25.6 1.1
Despesas Comerciais, G&A e Outras 3.2 3.6 7.4 15.5 3.1
EBITDA 11.1 4.9 33.4 61.6 4.2
Consolidado
2T22 3T22 4T22 1T23 2T23 3T23 1T21 2T21
2,574.6 2,375.9 2,384.9 2,673.8 2,879.5 2,672.4 244.6 251.7
2,574.6 2,375.9 2,384.9 2,673.8 2,879.5 2,672.4 244.6 251.7
(1,439.8) (1,240.4) (1,283.3) (1,360.5) (1,571.5) (1,375.8) (42.5) (42.6)
1,134.9 1,135.5 1,101.6 1,313.3 1,308.0 1,296.6 202.1 209.0
(531.6) (478.5) (506.7) (479.5) (551.0) (507.2) (75.6) (100.2)
(325.2) (290.0) (300.9) (276.3) (330.8) (296.5) (56.5) (80.6)
(9.1) (1.4) (14.6) (14.1) (9.5) (8.3) (2.9) (1.8)
(84.4) (84.7) (88.9) (82.0) (105.0) (98.6) (2.9) (2.7)
(112.9) (102.4) (102.3) (107.1) (105.6) (103.8) (13.4) (15.1)
603.3 657.0 595.0 833.8 757.0 789.4 126.4 108.8
53.2% 57.9% 54.0% 63.5% 57.9% 60.9% 62.6% 52.1%
(477.4) (459.4) (520.6) (524.6) (544.0) (531.0) (47.1) (47.5)
(67.7) (81.9) (86.0) (92.4) (112.0) (100.2) (12.5) (12.0)
(70.8) (91.1) (64.5) (129.3) (64.0) (75.1) (7.0) (6.3)
(174.1) (99.8) (180.1) (128.2) (166.6) (131.0) (4.0) (7.8)
(107.5) (122.9) (119.9) (121.8) (110.4) (134.8) (16.3) (15.3)
8.8 4.6 9.9 25.1 5.7 1.3 0.2 1.4
(66.1) (68.2) (80.0) (78.0) (96.6) (91.2) (7.5) (7.5)
179.0 170.7 182.3 185.1 202.2 194.9 20.8 22.7
304.9 368.2 256.6 494.4 415.2 453.3 100.2 84.0
26.9% 32.4% 23.3% 37.6% 31.6% 34.5% 49.6% 40.2%

1,134.9 1,135.5 1,101.6 1,313.3 1,308.0 1,296.6 210.3 213.5

336.9 408.0 313.5 484.4 417.9 466.8 111.0 88.8
29.7% 35.9% 28.5% 36.9% 31.8% 35.5% 52.8% 41.6%

2T22 3T22 4T22 1T23 2T23 3T23 1T21 2T21

0.0 0.0 0.0 0.0 0.0 0.0 8.2 4.5
8.1 24.8 25.1 4.8 1.5 9.9 (0.4) (0.0)
23.9 14.9 31.7 (14.8) 1.3 3.5 3.1 0.3
32.0 39.7 56.9 (10.0) 2.7 13.5 10.8 4.8
 Premium
3T21 4T21 1T22 2T22 3T22 4T22 1T23 2T23
254.8 252.9 306.9 311.7 326.5 320.8 383.6 373.3
254.8 252.9 306.9 311.7 326.5 320.8 383.6 373.3
(45.7) (43.3) (44.6) (47.7) (48.1) (47.6) (61.5) (76.8)
209.0 209.6 262.4 264.1 278.5 273.1 322.0 296.5
(91.2) (103.2) (96.3) (113.0) (104.5) (113.5) (119.1) (130.0)
(68.2) (78.0) (71.9) (87.7) (80.1) (85.6) (87.0) (96.5)
(0.2) (4.9) (2.7) (1.8) (2.5) (3.3) (3.1) (3.0)
(3.1) (3.1) (3.9) (5.1) (4.7) (6.2) (5.0) (6.1)
(19.7) (17.2) (17.7) (18.4) (17.2) (18.4) (24.0) (24.3)
117.8 106.4 166.1 151.1 174.0 159.6 202.9 166.5
56.4% 50.8% 63.3% 57.2% 62.5% 58.4% 63.0% 56.2%
(51.8) (49.4) (66.1) (71.8) (70.2) (115.0) (81.7) (100.3)
(11.8) (16.5) (14.1) (14.5) (18.5) (19.9) (21.2) (25.2)
(6.3) (6.3) (8.2) (7.9) (8.4) (8.2) (9.7) (8.9)
(9.1) (4.0) (10.1) (14.2) (1.3) (36.4) (8.8) (17.0)
(17.0) (12.5) (21.9) (25.6) (27.9) (30.9) (31.1) (31.7)
1.2 0.4 0.4 3.5 0.5 (2.4) 6.1 1.9
(8.8) (10.3) (12.3) (13.1) (14.7) (17.2) (17.1) (19.4)
28.6 27.5 30.0 31.5 31.9 35.6 41.1 43.7
94.6 84.6 129.9 110.8 135.7 80.2 162.3 110.0
45.3% 40.3% 49.5% 41.9% 48.7% 29.4% 50.4% 37.1%

216.0 217.5 262.4 264.1 278.5 273.1 322.0 296.5

103.1 95.3 130.3 124.8 140.1 110.9 158.2 110.5
47.7% 43.8% 49.7% 47.3% 50.3% 40.6% 49.1% 37.3%

3T21 4T21 1T22 2T22 3T22 4T22 1T23 2T23

7.0 7.9 0.0 0.0 0.0 0.0 0.0 0.0
0.8 1.5 0.1 0.6 2.1 1.1 0.6 0.2
0.7 1.4 0.3 13.5 2.3 29.6 (4.7) 0.3
8.5 10.8 0.3 14.0 4.4 30.6 (4.1) 0.5
 Ensino Digital
3T23 1T21 2T21 3T21 4T21 1T22 2T22 3T22
400.7 559.4 711.7 732.7 712.9 813.3 846.5 784.1
400.7 559.4 711.7 732.7 712.9 813.3 846.5 784.1
(69.6) (269.0) (355.9) (378.4) (397.8) (442.4) (499.6) (434.0)
331.1 290.3 355.7 354.3 315.1 370.8 346.9 350.2
(124.9) (60.8) (67.1) (69.7) (88.3) (70.8) (81.3) (77.2)
(94.4) (18.9) (22.2) (15.7) (32.8) (18.6) (19.5) (16.7)
(2.4) 0.4 0.1 (0.0) (0.0) (0.3) (0.2) 0.3
(6.2) (37.0) (42.6) (49.1) (51.3) (46.1) (54.4) (55.8)
(22.0) (5.4) (2.4) (4.8) (4.2) (5.8) (7.2) (5.0)
206.1 229.5 288.6 284.6 226.8 300.0 265.6 273.0
62.3% 79.1% 81.1% 80.3% 72.0% 80.9% 76.6% 78.0%
(91.8) (135.4) (171.5) (147.3) (155.9) (188.1) (164.4) (161.4)
(23.5) (28.8) (34.5) (35.3) (37.8) (38.1) (27.6) (32.6)
(9.9) (49.2) (24.7) (37.5) (16.8) (53.5) (25.0) (33.8)
(2.1) (28.2) (70.9) (37.4) (57.5) (54.7) (68.6) (50.6)
(35.4) (16.3) (23.6) (16.7) (22.3) (21.5) (23.4) (24.0)
(0.3) 2.2 0.0 1.8 1.1 1.5 0.8 (0.1)
(20.6) (15.0) (17.8) (22.2) (22.5) (21.8) (20.6) (20.4)
42.6 20.4 20.2 27.0 26.7 27.7 27.7 25.4
157.0 114.6 137.3 164.3 97.6 139.6 129.0 137.0
47.4% 39.5% 38.6% 46.4% 31.0% 37.6% 37.2% 39.1%

331.1 290.3 355.7 354.3 315.3 370.8 346.9 350.2

158.0 111.9 137.9 165.8 101.3 140.1 134.4 142.2
47.7% 38.5% 38.8% 46.8% 32.1% 37.8% 38.8% 40.6%

3T23 1T21 2T21 3T21 4T21 1T22 2T22 3T22

0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0
0.6 (1.2) (0.0) 0.4 1.5 0.2 2.6 2.4
0.4 (1.7) 0.5 1.0 2.3 0.4 2.9 2.7
1.0 (2.7) 0.5 1.5 3.7 0.6 5.5 5.2
 Pres
4T22 1T23 2T23 3T23 1T21 2T21 3T21 4T21
782.8 920.8 1,025.7 938.3 1,253.0 1,418.4 1,213.8 1,275.7
782.8 920.8 1,025.7 938.3 1,253.0 1,418.4 1,213.8 1,275.7
(448.7) (466.3) (571.0) (508.8) (663.1) (822.5) (679.1) (750.1)
334.1 454.5 454.7 429.5 589.9 595.9 534.7 525.6
(80.1) (77.2) (96.2) (91.6) (320.4) (333.9) (340.4) (351.4)
(15.7) (15.0) (17.7) (16.4) (201.5) (213.3) (191.7) (222.6)
(0.3) 0.0 (0.0) 0.2 (10.8) (11.1) (12.3) (11.8)
(57.4) (55.4) (71.2) (68.2) (21.2) (24.0) (24.2) (29.8)
(6.7) (6.8) (7.2) (7.2) (86.9) (85.5) (112.2) (87.2)
254.0 377.3 358.5 337.9 269.5 262.0 194.3 174.2
76.0% 83.0% 78.8% 78.7% 45.7% 44.0% 36.3% 33.1%
(162.9) (204.2) (205.0) (199.7) (284.3) (246.1) (232.1) (274.1)
(34.6) (41.9) (48.8) (42.5) (45.2) (40.2) (40.0) (36.1)
(22.7) (54.8) (24.8) (29.0) (100.0) (41.3) (58.2) (27.2)
(61.1) (63.4) (74.7) (68.3) (63.2) (80.4) (42.9) (108.3)
(23.3) (27.4) (27.1) (31.1) (53.0) (59.7) (67.3) (77.5)
4.1 9.7 1.6 0.0 3.3 1.7 4.3 7.8
(25.3) (26.3) (31.1) (28.9) (26.2) (26.2) (28.0) (32.9)
32.0 33.2 38.3 36.0 113.2 111.7 140.2 120.1
123.1 206.2 191.8 174.2 98.4 127.6 102.4 20.1
36.8% 45.4% 42.2% 40.6% 16.7% 21.4% 19.1% 3.8%

334.1 454.5 454.7 429.5 588.2 592.6 534.8 538.1

124.4 197.4 192.4 177.1 101.4 127.1 125.7 67.3
37.2% 43.4% 42.3% 41.2% 17.2% 21.5% 23.5% 12.5%

4T22 1T23 2T23 3T23 1T21 2T21 3T21 4T21

0.0 0.0 0.0 0.0 (1.7) (3.3) 0.1 12.5
0.5 0.6 0.0 0.7 3.0 0.1 17.6 22.7
0.8 (9.5) 0.6 2.1 1.8 2.8 5.7 11.8
1.3 (8.9) 0.6 2.8 3.0 (0.4) 23.4 47.2
 Presencial
1T22 2T22 3T22 4T22 1T23 2T23 3T23
1,334.0 1,416.4 1,265.2 1,281.3 1,369.4 1,480.6 1,333.4
1,334.0 1,416.4 1,265.2 1,281.3 1,369.4 1,480.6 1,333.4
(774.2) (892.5) (758.4) (786.9) (832.6) (923.8) (797.4)
559.8 523.9 506.8 494.4 536.8 556.8 536.0
(298.8) (337.3) (296.8) (313.1) (283.2) (324.9) (290.7)
(177.1) (218.0) (193.3) (199.6) (174.3) (216.7) (185.7)
(7.7) (7.1) 0.8 (11.0) (11.0) (6.5) (6.1)
(27.2) (24.8) (24.1) (25.3) (21.6) (27.7) (24.3)
(86.9) (87.4) (80.2) (77.2) (76.3) (74.0) (74.5)
260.9 186.6 210.0 181.3 253.6 231.9 245.4
46.6% 35.6% 41.4% 36.7% 47.2% 41.7% 45.8%
(253.2) (241.2) (227.7) (242.8) (238.6) (238.7) (239.5)
(30.7) (25.6) (30.8) (31.5) (29.3) (38.0) (34.1)
(80.0) (37.8) (48.9) (33.6) (64.8) (30.4) (36.2)
(63.9) (91.3) (47.9) (82.7) (56.1) (74.9) (60.6)
(48.4) (58.5) (71.1) (65.7) (63.3) (51.6) (68.3)
1.9 4.4 4.2 8.2 9.3 2.2 1.5
(32.1) (32.3) (33.2) (37.5) (34.6) (46.1) (41.7)
119.0 119.7 113.3 114.7 110.9 120.2 116.3
126.7 65.2 95.6 53.3 125.9 113.4 122.1
22.6% 12.4% 18.9% 10.8% 23.4% 20.4% 22.8%

559.8 523.9 506.8 494.4 536.8 556.8 536.0

130.0 77.6 125.7 78.2 128.8 115.0 131.8
23.2% 14.8% 24.8% 15.8% 24.0% 20.6% 24.6%

1T22 2T22 3T22 4T22 1T23 2T23 3T23

0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.8 4.9 20.2 23.5 3.6 1.2 8.6
2.5 7.5 9.9 1.4 (0.6) 0.4 1.0
3.3 12.5 30.1 24.9 3.0 1.6 9.6
 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 - 1.0 1.0 1.1 -
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 - - 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
Passivo financeiro - opções - - - - -
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 128.1 108.1 243.8 -
Ações em Tesouraria (137.6) (145.7) (146.4) (146.4) (146.4)
Ajuste de avaliação Patrimonial - - - - -
Participação dos Acionistas Não Controladores - - - - -
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
- - - - - - - - - -
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 - - 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 4T21
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 2,973.6
10.1 12.3 10.4 1,426.9 1,382.6 925.3 1,278.5 1,212.3 1,057.4 905.5
855.7 596.9 2,535.2 480.4 538.0 707.9 771.8 755.1 840.5 908.8
- - 32.8 43.0 51.0 33.3 13.5 2.2 32.0 -
714.6 759.6 641.7 955.8 873.3 890.2 863.1 964.8 939.9 957.7
- - - 1.3 1.2 1.2 1.9 1.9 2.3 2.4
6.3 6.8 12.1 6.1 5.9 22.2 16.8 11.6 9.7 11.0
9.3 7.0 16.4 15.8 12.9 8.2 23.9 18.1 15.0 10.1
57.2 80.1 68.9 105.0 114.6 137.6 86.3 100.2 101.9 163.7
11.4 13.1 14.5 12.8 14.5 10.5 12.2 9.8 12.1 14.4
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 6,924.2
729.4 693.8 917.5 927.9 985.4 886.8 882.2 875.5 944.1 880.4
- - 121.9 155.0 183.4 120.8 30.4 - - -
262.6 261.6 329.3 237.0 281.9 214.2 254.9 291.9 337.6 273.6
4.7 4.8 4.7 5.9 4.2 4.1 4.9 4.6 7.9 8.0
- - - - - - - - - -
79.3 76.1 76.5 96.9 91.6 102.7 112.6 111.7 111.8 100.6
192.8 176.4 183.1 159.5 113.5 107.7 131.7 120.8 126.1 129.1
190.0 175.0 202.1 273.6 310.8 337.3 347.7 346.5 360.7 369.0
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 6,043.9
0.2 0.3 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 2,535.0
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 3,508.6
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 9,897.8

3T19 4T19 1T20 2T20 3T20 4T20 1T21 2T21 3T21 4T21
683.1 674.9 977.7 2,052.4 1,466.2 1,292.7 1,215.8 1,977.2 2,497.6 1,865.9
63.9 13.6 216.3 852.5 341.9 356.0 278.4 973.0 1,336.1 969.0
188.7 156.5 146.3 204.9 207.5 199.5 217.3 212.5 206.8 221.6
140.7 126.7 170.1 226.9 220.3 251.2 267.1 209.9 248.0 183.5
- - - 44.0 52.5 34.3 20.1 0.7 30.8 3.8
215.5 136.4 176.9 377.9 317.3 202.2 251.4 290.4 317.2 206.1
34.8 36.0 62.0 101.7 98.5 106.7 69.3 55.3 82.5 105.6
22.8 18.4 15.7 45.5 24.4 44.2 16.9 24.2 64.0 76.4
1.8 3.3 3.3 3.4 3.4 5.0 4.6 5.0 5.0 5.0
2.8 3.7 3.6 3.4 3.5 3.5 3.5 3.6 3.7 4.4
- - - - - - - - - -
- 153.5 153.5 153.5 153.5 23.4 23.3 141.7 141.7 37.6
3.3 19.1 21.7 30.9 31.7 57.9 55.3 55.6 59.8 49.1
- - - - - - - - - -
8.8 7.6 8.4 8.0 11.9 8.8 8.6 5.3 1.9 3.8
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 4,790.3
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 3,089.4
126.5 118.4 119.1 210.2 210.4 246.8 248.3 255.0 230.8 221.5
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 1,223.3
- - - 163.7 195.9 127.3 34.4 - - -
15.6 28.0 27.2 26.4 25.5 41.1 40.3 38.6 37.4 36.1
5.8 11.0 10.6 10.1 13.5 9.2 8.8 8.1 7.0 10.1
30.1 27.5 27.8 28.7 31.1 89.6 74.7 77.0 78.5 91.0
2.9 2.9 2.3 4.4 4.3 - - - - -
15.2 44.5 42.3 75.9 90.7 89.9 85.9 86.6 112.7 97.1
- - - - - - - - - -
21.3 21.3 21.3 21.4 21.4 21.4 21.4 21.6 21.6 21.7
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 3,241.6
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 1,139.9
(26.9) (26.9) (26.9) (26.9) (26.9) (26.8) (26.8) (26.9) (26.9) (26.9)
668.6 674.0 678.4 670.7 679.7 687.5 696.4 689.0 700.8 702.7
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 1,586.4
- - - - - 118.4 118.4 - - -
588.1 646.1 167.9 88.3 200.8 - 43.2 159.7 232.5 -
(194.3) (194.0) (193.2) (182.3) (181.7) (179.8) (179.8) (165.6) (165.6) (160.5)
- - - - - - - - - -
- - - - - - - - - -
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 9,897.8
 1T22 2T22 3T22 4T22 1T23 2T23 3T23
2,872.4 2,740.6 2,871.7 2,100.5 2,424.4 2,576.9 2,561.1
625.4 705.4 894.4 401.0 637.1 813.8 887.1
1,082.4 762.0 689.2 384.8 490.6 340.3 294.6
- - - - - - -
971.3 1,034.2 1,049.1 1,055.9 1,065.3 1,186.6 1,178.7
2.6 3.3 3.4 3.3 3.8 3.7 3.3
8.7 19.1 12.2 11.7 5.3 6.8 18.8
27.9 22.9 18.4 19.4 31.9 24.9 20.0
138.6 182.3 196.9 216.4 183.9 195.0 149.8
15.6 11.4 8.3 7.9 6.4 5.8 8.7
7,183.0 7,141.2 7,062.5 6,948.7 7,149.3 7,146.0 7,237.2
975.5 887.1 853.9 801.1 976.8 948.0 1,034.6
- - - - - - -
334.1 266.5 211.2 153.0 254.1 224.8 252.1
7.4 7.0 6.7 6.6 6.0 6.0 5.6
- - - - - - -
100.1 84.5 89.6 89.1 88.5 88.3 82.0
155.7 147.7 147.9 141.6 175.3 176.7 208.4
378.1 381.3 398.6 410.8 452.9 452.2 486.6
6,207.6 6,254.1 6,208.6 6,147.6 6,172.5 6,198.0 6,202.6
0.3 0.3 0.3 0.3 0.3 0.3 0.3
2,655.0 2,675.0 2,602.5 2,514.2 2,538.4 2,584.6 2,598.0
3,552.2 3,578.8 3,605.8 3,633.0 3,633.7 3,613.1 3,604.2
10,055.5 9,881.8 9,934.2 9,049.2 9,573.7 9,722.9 9,798.2

1T22 2T22 3T22 4T22 1T23 2T23 3T23

1,560.2 1,672.9 1,389.0 1,107.6 1,391.0 1,654.4 1,690.3
592.5 771.4 417.8 277.4 475.9 714.6 691.2
211.8 235.3 236.2 232.0 229.0 229.4 233.8
252.3 203.2 211.7 227.6 264.8 239.2 229.1
1.7 6.9 6.9 2.3 14.8 14.7 8.0
247.3 218.7 239.3 137.8 207.3 286.1 326.5
72.9 69.7 71.2 69.4 93.5 80.0 72.1
70.2 61.1 74.2 76.7 72.9 60.2 90.4
5.0 5.0 5.0 5.0 5.0 5.0 5.0
4.4 4.4 4.5 4.5 4.5 4.5 4.5
- - - - - - -
37.6 37.6 37.6 0.1 0.1 0.2 0.1
50.0 56.6 79.4 67.3 14.4 13.8 14.3
- - - - - - -
14.4 2.9 5.0 7.6 9.0 6.7 15.3
5,202.9 5,058.6 5,507.1 4,981.5 5,068.6 4,916.5 4,854.9
3,348.2 3,198.8 3,697.2 3,249.7 3,265.2 3,066.0 2,995.3
224.2 217.2 217.4 220.4 239.1 223.7 222.2
1,378.5 1,424.1 1,365.3 1,279.0 1,333.5 1,395.9 1,416.3
- - - - - - -
34.9 33.6 32.4 31.1 29.9 28.6 27.3
9.4 8.8 8.2 7.5 6.9 6.1 5.4
85.8 85.2 86.7 92.7 91.7 92.9 92.4
- - - - - - -
99.9 90.0 43.1 44.2 45.4 46.4 39.1
- - 55.9 55.9 55.9 55.9 55.9
21.9 0.9 0.9 0.9 1.0 1.0 1.0
3,292.4 3,150.3 3,038.1 2,960.1 3,114.1 3,152.1 3,253.1
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) (26.9) (26.9)
707.9 710.4 714.6 716.0 716.6 722.6 724.7
1,586.4 1,586.4 1,586.4 1,586.4 1,528.1 1,528.1 1,528.1
- - - - - - -
76.0 12.4 27.0 (58.2) 148.8 180.8 273.3
(203.8) (284.8) (361.0) (355.0) (350.5) (349.7) (344.2)
- - (55.9) (55.9) (55.9) (55.9) (55.9)
12.8 12.9 14.0 13.8 13.9 13.2 14.1
10,055.5 9,881.8 9,934.2 9,049.2 9,573.7 9,722.9 9,798.2
 Voltar

Demonstrações dos fluxos de caixa (R$ milhões) 1T18 2T18

Lucro antes dos impostos e após o resultado das operações descontinuadas 255.4 196.1
Ajustes para conciliar o resultado às disponibilidades geradas: 106.7 275.6
Depreciação e amortização 48.6 48.0
Amortização dos custos de captação de empréstimo 0.6 1.3
Provisão para crédito de liquidação duvidosa 43.3 117.7
Provisão para perda - Outras contas a receber 8.4
Opções outorgadas - Provisão stock options 2.9 0.1
Provisão para contingências 29.6 31.5
Atualização do contas a receber FIES (2.8) (5.6)
Ajuste a valor presente - contas a receber (23.9) 62.0
Ajuste a valor presente - outros contas a receber (5.2) 5.2
Atualização de créditos tributários (0.9) (0.9)
Juros sobre empréstimos e Financiamentos 13.3 5.7
(Ganho) perda na alienação de imobilizado e intangível 0.3 0.6
Atualização de obrigação com desmobilização de Ativos 0.2 0.6
Atualização de compromissos a pagar 0.9 0.8
Outros 0.1 0.1
Resultado após conciliação das disponibilidades geradas 362.1 471.6
Variações nos ativos e passivos: (197.4) (346.6)
(Aumento) em contas a receber (241.4) (248.4)
(Aumento) Redução de despesas antecipadas (7.1) 3.4
(Aumento) Redução de impostos e contribuições 31.6 (82.3)
Aumento em depósitos judiciais 0.4 0.9
Redução (aumento) em outros ativos 0.8 (8.0)
Aumento (redução) em fornecedores 34.3 (2.0)
Aumento (redução) em obrigações tributárias (22.5) 16.9
Aumento (redução) em salários e encargos sociais 40.5 27.8
(Redução) em mensalidades recebidas antecipadamente (11.7) 10.9
(Redução) Condenações cíveis/trabalhistas/tributárias (11.4) (22.9)
Provisão com obrigações desmobilização de Ativos 0.0 (0.1)
Aumento (Redução) em outros passivos (1.2) 5.9
Imposto de renda e contribuição social diferidos
Redução (Aumento) em parcelamento de tributos (0.8) (2.3)
Aumento (Redução) no ativo não circulante
Juros pagos de empréstimo (0.5) (14.3)
IRPJ e CSLL Pagos (8.4) (31.9)
Caixa líquido gerado (aplicado) pelas atividades operacionais 164.8 125.0
Fluxo de caixa das atividades de investimentos: (53.6) (48.3)
Aquisição de ativo imobilizado (22.6) (25.6)
 Aquisição de ativo intangível (14.8) (12.8)
Aquisição de controladas, líquido do caixa obtido
Aplicação dos Títulos e valores mobiliários
(Redução) em preço de aquisição a pagar (16.2) (9.8)
Caixa líquido gerado (aplicado) pelas atividades de investimentos 111.2 76.7
Fluxo de caixa das atividades de financiamentos: (8.5) (303.1)
Aquisição de ações em tesouraria (79.1)
Utilização de ações em tesouraria decorrente de exercício de opções de ações 0.1 15.5
Dividendos pagos (100.8)
Valor recebido pela emissão debêntures
Valor de emissão de debêntures -
Valor de captação de empréstimos e financiamentos 6.2
Custos de captação de empréstimos 0.2
Amortização de empréstimos e financiamentos (8.4) (144.8)
Amortização de arrendamentos
Caixa líquido gerado (aplicado) pelas atividades de financiamentos 102.7 (226.0)
Caixa no início do exercício 524.4 627.1
Aumento (Redução) nas disponibilidades 102.7 (226.0)
Caixa no final do exercício 627.1 401.0
3T18 4T18 2018 1T19 2T19 3T19 4T19 2019 1T20 2T20
188.6 13.1 653.2 246.7 200.1 150.5 60.6 657.9 174.2 (98.0)
165.8 360.9 909.0 224.6 259.1 171.3 226.3 881.3 240.0 499.1
47.4 51.5 195.5 93.6 93.4 98.5 75.4 360.9 93.2 121.5
0.3 0.3 2.5 0.2 0.3 0.2 0.1 0.8 0.1 1.1
58.6 114.2 333.8 63.0 124.2 38.5 82.4 308.1 71.8 229.0
6.3 58.9 73.6 (0.5) 0.3 0.4 (0.2) 0.1 0.3 4.5
(0.1) 4.8 7.7 2.5 1.9 5.6 7.3 17.2 3.4 12.7
31.5 42.2 134.8 29.3 28.3 4.0 14.8 76.4 23.2 70.5
(8.4)
13.4 83.1 134.5 7.8 (13.6) (2.5) (9.0) (17.3) 6.8 (6.6)
4.7 4.7
(1.0) (3.1) (5.9) (1.0) (3.9) (3.3) (1.9) (10.1) (1.5) (1.4)
5.4 6.3 30.7 28.0 27.1 27.7 58.6 141.4 39.6 60.2
0.8 (0.8) 0.9 1.3 (0.1) 0.4 2.0 3.6 (0.2) 0.7
1.9 (2.7) 0.3 0.8 2.3 (3.4) 0.0 0.3 1.0
1.3 1.7 4.7 (0.0) 1.0 0.2 0.6 1.8 0.7 0.4
0.1 0.1 0.4 (0.0) (0.6) (0.7) (0.5) (1.8) 2.4 5.6
354.4 374.0 1,562.1 471.3 459.2 321.8 286.9 1,539.2 414.2 401.1
250.8 (214.6) (507.8) (270.3) (232.1) 1.3 (225.4) (726.5) (4.8) (65.4)
302.5 (37.2) (224.4) (283.8) (206.2) 6.4 (114.4) (597.9) (28.4) (238.3)
2.4 2.0 0.7 (8.5) 3.6 2.5 2.2 (0.2) (9.3) 8.9
9.5 (18.1) (59.3) (0.9) (6.8) 4.0 (4.3) (8.0) 6.0 3.3
4.0 15.8 21.1 (1.4) 3.0 0.8 3.2 5.6 (0.4) 2.3
4.5 (25.0) (27.7) 3.2 (2.1) 0.0 (1.7) (0.5) (7.0) 8.8
9.9 (7.2) 35.0 18.9 (2.7) 18.7 (14.4) 20.5 43.4 38.2
(44.2) 16.9 (32.9) (1.5) (0.0) (6.2) 4.3 (3.4) (3.2) 8.2
5.6 (98.8) (24.9) 54.1 11.4 13.7 (84.3) (5.1) 41.5 123.5
9.1 (4.5) 3.8 3.6 (9.3) 11.3 (4.4) 1.2 (2.7) 20.5
(21.1) (38.8) (94.2) (16.9) (22.1) (23.0) (22.9) (84.9) (22.5) (13.4)
4.9 4.8 (0.2) (0.1) 0.8 0.5
(5.6) 0.1 (0.8) (0.3) 21.5 (3.9) 13.2 30.5 0.8 (1.0)
(0.0) (0.0)
(0.8) (0.7) (4.6) (0.8) (0.7) (0.5) (0.4) (2.4) (0.6) (0.7)
10.8 10.8
(34.5) (49.2) (7.6) (6.5) (20.1) (2.3) (36.4) (17.5) (8.5)
(24.9) (0.3) (65.5) (28.4) (15.1) (2.5) (46.0) (5.0) (17.3)
605.2 159.4 1,054.4 201.0 227.0 323.1 61.5 812.7 409.4 335.8
(61.1) (129.0) (292.0) (66.7) (70.8) (125.2) (202.6) (465.3) (1,016.1) (1,001.8)
(30.0) (82.5) (160.7) (28.8) (42.7) (59.7) (70.3) (201.6) (46.3) (36.0)
(22.1) (38.1) (87.8) (21.4) (27.6) (51.4) (64.5) (164.9) (36.0) (46.8)
(112.4) (112.4) 0.1 (1,737.7)
- (933.5) 821.7
(9.0) (8.4) (43.4) (16.5) (0.5) (14.2) 44.6 13.5 (0.4) (3.0)
544.1 30.4 762.4 134.3 156.2 197.9 (141.1) 347.4 (606.6) (666.0)
(174.6) 17.0 (469.2) (66.3) (324.0) (50.4) (115.6) (556.3) 1,609.6 849.5
(170.8) (249.9)
0.3 15.9 1.5 1.7 2.3 0.2 5.7 0.7 0.0
(0.0) (400.0) (500.8) (0.0) (153.2) (0.0) (153.2)
(0.0) (0.0)
- - 600.0 600.0
0.2 610.7 617.1 1,674.5 925.0
0.2 (1.3) (0.4) (1.7) (5.8)
(4.3) (193.7) (351.2) (666.4) (172.2) (52.7) (115.8) (1,007.1) (0.0) (69.4)
(65.6) (0.3)
369.5 47.5 293.6 68.0 (167.8) 147.5 (256.6) (208.9) 1,002.9 183.5
401.0 770.6 524.4 818.0 886.1 718.3 865.8 818.0 240.5 1,243.4
369.5 47.5 293.6 68.0 (167.8) 147.5 (256.6) (208.9) 1,002.9 183.5
770.6 818.0 818.0 886.1 718.3 865.8 609.1 609.1 1,243.4 1,426.9
3T20 4T20 2020 1T21 2T21 3T21 4T21 2021 1T22 2T22
98.9 (170.2) 5.0 53.3 117.1 62.5 (122.2) 110.6 75.3 (63.1)
328.9 457.5 1,525.5 355.2 380.6 428.7 480.4 1,645.0 508.5 565.1
146.3 178.0 538.9 154.4 154.6 195.7 174.3 679.0 176.6 179.0
3.0 0.9 5.1 5.2 1.2 1.2 1.4 9.0 1.1 1.1
78.4 156.0 535.3 95.4 159.2 89.4 169.9 513.9 128.7 195.1
1.6 1.0 7.4 0.3 1.5 0.6 0.2 2.6 (0.1) 0.6
12.1 11.5 39.7 12.5 6.7 9.9 9.9 39.1 3.3 3.5
23.2 62.3 179.1 25.4 29.0 23.5 22.1 100.0 23.5 21.6

(1.9) (6.1) (7.9) 2.4 3.2 3.7 (2.2) 7.1 8.8 (4.8)

(1.0) (0.4) (4.2) (0.7) (0.5) (0.7) (0.8) (2.7) (4.2) (3.7)
60.6 57.3 217.7 65.9 78.9 95.8 121.3 361.9 149.6 177.1
0.2 0.5 1.2 (0.9) 0.2 (0.1) (3.5) (4.2) 1.1 5.9
2.4 3.3 7.0 2.3 3.3 1.9 1.1 8.6 (0.0) 4.2
0.5 0.5 2.0 0.2 1.0 2.0 3.1 6.3 3.3 6.7
3.5 (7.3) 4.2 (7.3) (57.6) 5.7 (16.3) (75.6) 16.7 (21.3)
427.8 287.3 1,530.5 408.5 497.7 491.1 358.3 1,755.6 583.8 502.0
(142.3) (180.8) (393.2) (219.9) (337.7) (157.6) (332.9) (1,048.1) (316.9) (441.2)
(17.4) (101.7) (385.7) (111.6) (301.1) (90.5) (121.5) (624.7) (211.5) (182.1)
4.6 4.9 9.1 (16.6) 6.1 (0.0) 4.7 (5.8) (17.1) 5.4
37.6 (16.9) 30.0 28.1 (2.5) (4.6) (64.0) (43.0) 2.7 (27.9)
5.4 (12.3) (5.0) (9.9) 1.0 (0.1) 11.2 2.1 0.5 15.6
(0.2) (13.5) (11.9) 5.4 5.9 (1.3) (4.2) 5.8 1.0 (4.9)
(8.6) 31.6 104.6 14.8 (13.2) 22.6 (43.8) (19.6) 48.7 (28.0)
9.0 42.3 56.3 (48.9) (2.5) 10.8 76.9 36.3 (32.2) 2.8
(71.6) (118.2) (24.8) 45.5 36.7 26.5 (113.4) (4.7) 43.3 (29.7)
(21.5) 20.2 16.6 (27.4) 7.4 5.6 12.4 (2.0) (7.7) (9.2)
(23.2) (29.4) (88.4) (24.0) (22.3) (47.6) (31.5) (125.3) (20.7) (28.7)
20.6 20.6 (17.3) (0.9) (0.4) 11.4 (7.2) (5.2) (4.8)
0.2 18.0 18.0 (0.2) (3.2) (3.3) 1.4 (5.3) 10.8 (32.4)

(0.6) (0.6) (2.5) (0.6) (0.6) (1.1) 3.7 1.5 (0.9) (0.8)
2.7 (2.7) - - - -
(41.5) (14.0) (81.4) (46.1) (37.8) (62.2) (63.5) (209.6) (119.6) (105.1)
(17.1) (9.1) (48.5) (11.3) (10.7) (11.9) (13.0) (46.9) (8.9) (11.4)
285.5 106.5 1,137.2 188.6 160.0 333.5 25.4 707.5 266.9 60.8
(257.7) (412.6) (2,688.1) (136.8) (91.9) (397.7) (316.1) (942.5) (284.2) 177.5
(32.1) (89.3) (203.7) (20.8) (43.2) (56.9) (97.3) (218.2) (16.6) (39.3)
(72.4) (104.8) (259.9) (45.4) (65.5) (93.7) (120.8) (325.4) (69.7) (84.0)
(110.7) (73.5) (1,921.9) 0.2 (191.4) 0.0 (191.3) (15.7) (9.6)
(57.5) (169.9) (339.3) (63.9) 16.7 (85.4) (68.3) (200.8) (173.6) 320.4
15.1 25.0 36.7 (6.9) 29.7 (29.7) (6.8) (8.6) (10.0)
27.9 (306.1) (1,550.9) 51.7 68.1 (64.2) (290.7) (235.0) (17.2) 238.3
(72.2) (151.1) 2,235.7 301.4 (134.3) (90.7) 138.8 215.2 (262.8) (158.3)
(0.0) 0.0 (0.0) (43.4) (81.0)
0.0 1.3 2.0 2.4 0.0 (0.6) 1.9
(153.4) (153.4) (0.0) (141.7) (141.7)

1,850.0 300.0 2,150.0

510.0 100.0 3,209.5 36.1 447.6 483.7 233.2
(2.9) (0.1) (8.8) (13.3) (1.0) (14.3) (0.0)
(431.0) (0.1) (500.6) (1,484.6) (50.2) (0.3) (394.9) (1,930.0) (350.1) (0.1)
(148.4) (98.7) (313.0) (86.7) (86.5) (90.4) (70.6) (334.3) (102.4) (77.2)
(44.4) (457.2) 684.8 353.1 (66.2) (154.9) (152.0) (19.9) (280.1) 80.0
1,426.9 1,382.6 240.5 925.3 1,278.5 1,212.3 1,057.4 925.3 905.5 625.4
(44.4) (457.2) 684.8 353.1 (66.2) (154.9) (152.0) (19.9) (280.1) 80.0
1,382.6 925.3 925.3 1,278.5 1,212.3 1,057.4 905.5 905.5 625.4 705.4
3T22 4T22 2022 1T23 2T23 3T23
3.8 (103.2) (87.2) 137.5 37.1 85.6
509.9 550.3 2,133.9 524.9 577.6 520.3
170.7 182.3 708.5 185.1 202.2 194.9
1.1 1.1 4.4 0.9 0.9 1.2
99.8 180.1 603.7 128.2 166.6 130.9
2.6 2.3 5.5 1.0 0.5 2.1
5.1 8.8 20.8 4.3 11.6 12.9
36.4 33.6 115.2 29.0 22.3 42.1
(5.8)
8.6 (4.4) 8.2 21.2 (3.3) 5.6

(3.8) (3.1) (14.9) (4.7) (5.6) (4.2)

186.6 179.4 692.7 176.7 173.2 175.1
(3.6) (2.4) 1.0 0.2 2.3 (2.7)
2.4 0.9 7.6 0.7 1.3 0.5
4.0 3.9 17.9 3.3 1.7 1.7
(0.1) (32.2) (36.8) (21.1) 3.9 (34.0)
513.7 447.1 2,046.7 662.3 614.8 605.9
(219.5) (352.2) (1,329.8) (359.5) (380.7) (287.4)
(67.9) (124.4) (586.0) (259.8) (255.4) (150.2)
4.9 (0.9) (7.8) (12.0) 7.0 5.3
(9.3) 26.1 (8.3) 12.3 (1.2) 20.3
(5.1) 0.5 11.5 0.6 0.2 6.4
7.9 (3.4) 0.6 7.5 (1.5) (16.6)
5.8 5.7 32.3 28.2 (36.5) 13.6
(6.6) 5.8 (30.2) 5.0 (1.2) (21.0)
19.6 (102.9) (69.8) 70.1 75.1 35.2
13.1 2.5 (1.4) (3.8) (12.7) 30.2
(36.2) (30.6) (116.2) (17.8) (37.8) (43.6)
(0.9) 5.0 (5.9) (1.7) (0.1) (1.0)
2.1 2.6 (17.0) (0.1) (3.2) 8.6

(0.8) (0.8) (3.3) (0.8) (0.9) (0.9)

(145.1) (136.4) (506.2) (176.0) (96.0) (160.0)

(1.1) (0.9) (22.2) (11.0) (16.7) (13.7)
294.2 94.9 716.9 302.8 234.1 318.5
(78.3) 130.6 (54.4) (225.5) 35.1 (79.3)
(36.1) (53.8) (145.8) (28.2) (27.4) (34.4)
(87.0) (105.1) (345.9) (76.7) (86.5) (82.1)
(0.5) (25.8)
72.8 304.4 524.0 (105.9) 150.3 45.8
(27.5) (14.9) (61.0) (14.7) (1.3) (8.5)
215.9 225.5 662.4 77.4 269.2 239.3
(26.8) (718.9) (1,166.9) 158.7 (92.6) (165.9)
(76.2) (200.6) 0.3 (0.3) 0.3
0.0 0.0 0.3 (0.3)
(0.0) (37.6) (37.6) (0.0) (0.7) (0.1)

500.0 500.0
233.2 422.8 0.0 (0.0)
(2.8) (0.5) (3.3)
(360.1) (598.2) (1,308.7) (175.1) (0.1) (71.7)
(87.7) (82.6) (349.9) (89.3) (91.9) (94.2)
189.0 (493.4) (504.4) 236.1 176.6 73.3
705.4 894.4 905.5 401.1 637.1 813.8
189.0 (493.4) (504.4) 236.1 176.6 73.3
894.4 401.1 401.1 637.1 813.8 887.1