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CONSOLIDATED STATEMENTS OF CASH FLOWS - BRL (R$)
R$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES    
Net Income (loss) for the period R$ (15,471,579) R$ (529,284)
Adjustment to    
Depreciation, depletion and amortization (Notes 26 and 29) 3,238,678 4,631,559
Amortization of right of use (Note 19.1) 93,309 63,889
Sublease of ships (11,365)  
Interest expense on lease liabilities 203,488 96,993
Results from sale, disposals and provision for losses (impairment) of property, plant and equipment and biological assets, net (Note 29) (9,343) 3,504
Income (loss) from associates and joint ventures (Note 14.2) 2,952 (5,569)
Exchange rate and monetary variations, net (Note 26) 15,349,795 (302,496)
Interest expenses with financing, loans and debentures, net (Note 18.2) 1,736,775 1,676,115
Capitalized interest (7,940) (1,417)
Accrual of interest on marketable securities (74,102) (247,053)
Amortization of fundraising costs (notes 18.2) 41,268 159,856
Derivative (gains) losses, net (Note 26) 10,835,114 379,507
Fair value adjustment of biological assets (Note 13) (173,733) (83,453)
Deferred income tax and social contribution (Note 12.3) (8,822,898) (451,499)
Interest on employee benefits (Note 21.2) 26,527 26,842
Provision for (reversal of) judicial liabilities, net (22,252) 2,475
Allowance for doubtful accounts, net (Note 7.3) 10,250 (9,928)
Provision for (reversal of) inventory losses, net (Note 8.1) 32,620 (12,028)
Provision for loss of ICMS credits, net (Note 9.1) 48,151 69,191
Other 12,798 66,655
Decrease (increase) in assets    
Trade accounts receivables 206,570 1,065,488
Inventories 466,475 (1,208,554)
Recoverable taxes 114,501 (18,032)
Other assets 161,268 46,023
Increase (decrease) in liabilities    
Trade accounts payables (352,975) (817)
Tax payable 24,235 252,757
Payroll and charges (19,679) (262,909)
Other liabilities (343,868) (350,419)
Cash provided by operations, net 7,295,040 5,057,396
Payment of interest with financing, loans and debentures (1,682,413) (1,462,681)
Interest received from marketable securities 126,579 285,922
Payment of income taxes (62,694) (405,257)
Cash provided by operating activities 5,676,512 3,475,380
INVESTING ACTIVITIES    
Additions to property, plant and equipment (note 15) (559,126) (1,147,071)
Additions to intangible assets (note 16) (513) (718)
Additions to biological assets (note 13) (1,401,424) (1,508,161)
Proceeds from sale of property, plant and equipment 61,887 83,695
Increase of capital in subsidiaries and associates (Note 14.3)   (11,216)
Marketable securities, net 4,064,361 21,833,286
Advance for acquisition of wood from operations with development 6,544 (212,150)
Acquisition of subsidiaries, net cash   (26,002,540)
Other investments   (269)
Cash provided (used) in investing activities, net 2,171,729 (6,965,144)
Cash flow from financing activities    
Proceeds from loans, financing and debentures (note 18.2) 6,700,529 16,225,071
Payment of derivative transactions (note 4.5.4) (1,834,250) (4,662)
Payment of loans, financing and debentures (note 18.2) (6,224,940) (12,011,492)
Payment of leases (note 19.2) (354,289) (270,586)
Payment of dividends   (601,731)
Liabilities for assets acquisitions and subsidiaries (5,670) (3,425)
Other financing   2,379
Cash provided (used) by financing activities (1,718,620) 3,335,554
Exchange variation on cash and cash equivalents 1,094,953 (128,602)
Increase (reduction) in cash and cash equivalents, net 7,224,574 (282,812)
Cash and cash equivalents at the beginning for the period 3,249,127 4,387,453
Cash and cash equivalents at the end for the period 10,473,701 4,104,641
Increase (reduction) in cash and cash equivalents, net R$ 7,224,574 R$ (282,812)