BRAZILIAN DISTRIBUTION CO COMPANHIA BRASILEIRA DE DISTR CBD

CIK:0001038572|SEC Filings

Consolidated Statements of Income - BRL (R$) R$ in Millions	12 Months Ended
Consolidated Statements of Income - BRL (R$) R$ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Continuing operations
Net operating revenue	R$ 19,250	R$ 17,321	R$ 16,298
Cost of sales	(14,433)	(13,019)	(11,942)
Gross profit	4,817	4,302	4,356
Operating expenses, net
Selling expenses	(3,104)	(2,699)	(2,572)
General and administrative expenses	(574)	(598)	(695)
Depreciation and amortization	(1,017)	(931)	(810)
Other operating expenses, net	(213)	(434)	(168)
Total operating expenses	(4,908)	(4,662)	(4,245)
Income (loss) from continuing operations	(91)	(360)	111
Financial expenses, net	(1,009)	(750)	(623)
Share of profit of associates	768	(205)	(58)
Loss before income tax and social contribution	(332)	(1,315)	(570)
Income tax and social contribution	418	454	725
Net income (loss) for the year from continuing operations	86	(861)	155
Net income for the year from discontinued operations	(2,220)	857	805
Net income (loss) for the year	(2,134)	(4)	960
Net income (loss) for the year attributable to:
Controlling shareholders from continuing operations	85	(863)	158
Controlling shareholders from discontinued operations	(2,356)	691	644
Total of controlling shareholders	(2,271)	(172)	802
Non-controlling shareholders from continuing operations	1	2	(3)
Non-controlling shareholders from discontinued operations	136	166	161
Total of non-controlling shareholders	137	168	158
Total comprehensive income (loss) for the year	R$ (2,134)	R$ (4)	R$ 960
Basic
Basic earnings (loss) per share – continuing operations	R$ 0.31484	R$ (3.20372)	R$ 0.58803
Basic earnings (loss) per share – discontinued operations	(8.72659)	2.56521	2.39678
Basic earnings (loss) per share – total	(8.41175)	(0.63851)	2.98481
Diluted
Diluted earnings (loss) per share – continuing operations	0.30868	(3.20372)	0.58716
Diluted earnings (loss) per share – discontinued operations	(8.72659)	2.56521	2.39324
Diluted earnings (loss) per share – total	R$ (8.41791)	R$ (0.63851)	R$ 2.98040

Consolidated Statement of Cash Flows - BRL (R$) R$ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flow provided by operating activities
Net income (loss) for the year	R$ (2,134)	R$ (4)	R$ 960
Adjustments to reconcile net income for the year to net cash provided by the operating activities:
Deferred income tax (note 20)	(282)	(29)	(676)
Losses on disposals of property and equipment	(14)	(2,569)	(247)
Depreciation and amortization	1,136	1,902	2,117
Financial charges	1,670	1,696	1,316
Receivables Fair value adjustment		2	1
Share of profit of associates (note 13.4)	(699)	247	47
Provision for contingencies (note 21)	(87)	1,523	137
Provision for write-off and impairment		33	44
Share-based payment (note 24)	16	27	26
Allowance for doubtful accounts (note 8.2 e 9.1)	20	40	61
Allowance (reversal) for inventory losses and damages (Note 10.2)	43	(28)	26
Deferred revenue (Note 23)	(77)	(26)	26
Gain on write-off of lease liabilities (note 22.2)	(142)	(278)	(1,022)
Other operating income / expenses			(280)
Gain on the sale of subsidiary	2,082	1
Total	1,532	2,537	2,536
Changes in operating assets and liabilities
Trade receivables	(20)	(166)	(140)
Inventories	147	(383)	989
Recoverable taxes	173	(509)	210
Other assets	149	(336)	(5)
Related parties	(136)	(396)	(101)
Restricted deposits for legal proceedings	225	(51)	(176)
Trade payables, net	(1,512)	(332)	(738)
Payroll and related taxes	93	(67)	(60)
Taxes and social contributions payable	265	274	355
Payments of income tax and social contributions	(204)	(306)	(425)
Provision for contingencies	(222)	(368)	(161)
Deferred revenue	14	66	55
Other liabilities	39	(195)	378
Receipts of dividends and interest on own capital	20	16	11
Total	(969)	(2,753)	192
Net cash provided by (used in) operating activities	563	(216)	2,728
Cash flow from investing activities
Purchase of property and equipment (Note 14.4)	(1,014)	(1,398)	(1,035)
Purchase of intangible assets (note 15.3)	(157)	(228)	(232)
Proceeds from sales of property and equipment	876	4,560	1,315
Cash of deconsolidation of Éxito	(1,257)
Acquisition of investment property	(31)	(100)	(124)
Financial assets	(14)
Others			(1)
Net cash provided by (used in) investment activities	(1,597)	2,834	(77)
Cash flow from financing activities
Capital increase		2	9
Proceeds from borrowings and financing (Note 17.2)	1,718	1,545	4,860
Payments of borrowings and financing (Note 17.2)	(2,145)	(4,579)	(5,315)
Payments of lease liabilities (Note 22.2)	(1,166)	(1,378)	(1,523)
Payments of dividends and interest on own capital	(112)	(265)	(780)
Contributions obtained from non-controlling shareholders			14
Installment payments on the acquisition of subsidiary	(3)	(3)	(3)
Transactions with non-controlling shareholders	3	(25)	(5)
Net cash used in financing activities	(1,705)	(4,703)	(2,743)
Net (decrease) in cash and cash equivalents	(2,739)	(2,085)	(92)
Cash and cash equivalents at the beginning of the year	5,621	8,274	8,711
Exchange variation on cash and cash equivalents	89	(568)	(345)
Cash and cash equivalents at the end of the year	R$ 2,971	R$ 5,621	R$ 8,274

Consolidated Balance Sheets - BRL (R$) R$ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	R$ 2,971	R$ 3,751
Marketable Securities	777
Trade receivables, net	458	417
Other receivables	115	279
Inventories, net	1,952	2,046
Recoverable taxes	1,078	1,114
Other current assets	172	109
Total	7,523	7,716
Assets held for sale or distribution		20,843
Total current assets	7,523	28,559
Non-current assets
Other receivables	810	727
Recoverable taxes	2,536	2,808
Derivative financial instruments	1
Deferred income tax and social contribution	1,078	922
Related parties	52	301
Restricted deposits for legal proceedings	517	759
Other non-current assets	119	100
Investments in associates	864	833
Property and equipment, net	6,577	6,844
Intangible assets, net	1,973	1,986
Total non-current assets	14,527	15,280
Total assets	22,050	43,839
Current liabilities
Trade payable, net	2,729	2,528
Suppliers finance	524	595
Borrowings and financing	972	1,001
Lease liabilities	474	490
Payroll and related taxes	381	294
Taxes payable	328	312
Income tax e social contribution	82	51
Related parties	85	335
Financing of property and equipment	112	112
Deferred revenue	168	156
Other current liabilities	370	386
Total	6,225	6,260
Liabilities related to assets held for sale or distribution		11,487
Total current liabilities	6,225	17,747
Non-current liabilities
Borrowings and financing	4,302	4,862
Lease liabilities	3,826	3,547
Tax payable	69	55
Income tax e social contribution	270
Related parties		23
Provision for risk	2,151	2,629
Deferred revenues	75	97
Provision for losses on investment in associates		863
Other non-current liabilities	410	283
Total non-current liabilities	11,103	12,359
Shareholders’ equity
Share capital	1,807	5,861
Capital reserves	26	318
Earning reserves	5,329	7,238
Accumulated loss	(2,443)	(172)
Other comprehensive income	(2)	(1,752)
Equity attributable to owners of parent	4,717	11,493
Non-controlling interest	5	2,240
Total shareholders’ equity	4,722	13,733
Total liabilities and shareholders’ equity	R$ 22,050	R$ 43,839