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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CONSOLIDATED STATEMENTS OF INCOME (LOSS)      
NET SALES R$ 26,012,950 R$ 13,443,376 R$ 10,580,673
Cost of sales (20,743,482) (6,922,331) (6,496,304)
GROSS PROFIT 5,269,468 6,521,045 4,084,369
OPERATING INCOME (EXPENSES)      
Selling (1,905,279) (598,726) (423,325)
General and administrative (1,173,358) (825,209) (528,974)
Income from associates and joint ventures 31,993 7,576 5,872
Other, net 405,754 (96,875) 140,510
OPERATING PROFIT BEFORE NET FINANCIAL INCOME (EXPENSES) 2,628,578 5,007,811 3,278,452
NET FINANCIAL INCOME (EXPENSES)      
Financial expenses (4,178,848) (1,500,374) (1,218,476)
Financial income 493,246 459,707 305,778
Derivative financial instruments (1,075,252) (2,735,196) 73,271
Monetary and exchange variation, net (1,964,927) (1,066,650) (179,413)
NET INCOME (LOSS) BEFORE TAXES (4,097,203) 165,298 2,259,612
Current income taxes (246,110) (586,568) (202,187)
Deferred income taxes 1,528,571 741,084 (236,431)
NET INCOME (LOSS) FOR THE YEAR (2,814,742) 319,814 1,820,994
Attributable to      
Controlling shareholders' (2,817,518) 319,693 R$ 1,820,994
Non-controlling interest R$ 2,776 R$ 121  
Earnings (loss) per share      
Basic R$ (2.08825) R$ 0.29236 R$ 1.66804
Diluted R$ (2.08825) R$ 0.29199 R$ 1.66433