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CONSOLIDATED STATEMENTS OF CASH FLOWS - BRL (R$)
R$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES    
Net income (loss) for the period R$ 7,281,440 R$ (15,471,579)
Adjustment to    
Depreciation, depletion and amortization (Notes 26 and 29) 3,389,903 3,238,678
Depreciation of right of use (Note 19.1) 100,176 93,309
Sublease of ships (20,735) (11,365)
Interest expense on lease liabilities 212,540 203,488
Result from sale and disposal of property, plant and equipment and biological assets, net (Note 29) (521,173) (9,343)
Income from associates and joint ventures (90,364) 2,952
Exchange rate and monetary variations, net (Note 26) (1,689,192) 15,349,795
Interest expenses with financing, loans and debentures, net (Note 26) 1,493,570 1,736,775
Capitalized loan costs (Note 26) (1,049) (7,940)
Premium expenses with early settlements (Note 26) 33,719  
Accrual of interest on marketable securities (38,607) (74,102)
Amortization of fundraising costs (Notes 26) 56,502 41,268
Derivative losses (gains), net (Note 26) (1,238,873) 10,835,114
Fair value adjustment of biological assets (Note 13) (564,533) (173,733)
Deferred income tax and social contribution (Note 12.3) 2,451,778 (8,822,898)
Interest on actuarial liabilities (Note 21.2) 27,925 26,527
Provision (reversal) for judicial liabilities, net (Note 20.1) 33,525 (22,252)
Allowance for doubtful accounts, net (Note 7.3) 4,156 10,250
Provision for inventory losses, net (Note 8.1) 10,667 32,620
Provision for loss of ICMS credits, net (Note 8.1) 23,395 48,151
Tax credits (note 20.3) (315,431)  
Other 11,002 12,798
Decrease (increase) in assets    
Trade accounts receivables (1,222,390) 206,570
Inventories (452,852) 466,475
Recoverable taxes 12,185 114,501
Other assets 119,168 161,268
Increase (decrease) in liabilities    
Trade accounts payables 451,708 (352,975)
Taxes payable 132,906 24,235
Payroll and charges (47,799) (19,679)
Other liabilities (83,818) (343,868)
Cash provided by operations 9,559,449 7,295,040
Payment of interest with financing, loans and debentures (Note 18.2) (1,479,825) (1,682,413)
Payment of premium with early settlements (Note 26) (33,719)  
Interest received from marketable securities 38,067 126,579
Payment of income taxes (70,729) (62,694)
Cash provided by operating activities 8,013,243 5,676,512
INVESTING ACTIVITIES    
Additions to property, plant and equipment (Note 15) (670,588) (559,126)
Additions to intangible (Note 16) (18,143) (513)
Additions to biological assets (Note 13) (1,611,674) (1,401,424)
Proceeds from sale of property, plant and equipment 1,261,008 61,887
Capital increase (Note 14.3) (50,818)  
Marketable securities, net (288,215) 4,064,361
Advance for acquisition of wood from operations with development (232,157) 6,544
Dividends received 6,453  
Acquisition of non-controlling interests (6,482)  
Cash provided (used) in investing activities (1,610,616) 2,171,729
FINANCING ACTIVITIES    
Proceeds from loans, financing and debentures (Note 18.2) 9,306,614 6,700,529
Payment of derivative transactions (note 4.5.4) (1,434,288) (1,834,250)
Payment of loans, financing and debentures (note 18.2) (11,732,552) (6,224,940)
Payment of leases (note 19.2) (475,483) (354,289)
Payment of dividends (2,322)  
Liabilities for assets acquisitions and subsidiaries (1,520) (5,670)
Cash used by financing activities (4,339,551) (1,718,620)
Exchange variation on cash and cash equivalents (312,563) 1,094,953
Increase (reduction) in cash and cash equivalents, net 1,750,513 7,224,574
At the beginning for the period 6,835,057 3,249,127
At the end for the period 8,585,570 10,473,701
Increase (reduction) in cash and cash equivalents, net R$ 1,750,513 R$ 7,224,574