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CONSOLIDATED STATEMENTS OF CASH FLOWS - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net income (loss) for the year R$ 8,635,532 R$ (10,714,935) R$ (2,814,742)
Adjustment to      
Depreciation, depletion and amortization 6,879,132 6,565,441 7,898,775
Depreciation of right of use 203,670 186,768 154,217
Sublease of ships (44,706) (35,841)  
Interest expense on lease liabilities 427,934 397,746 226,103
Result from sale and disposal of property, plant and equipment and biological assets, net (412,612) (8,372) 77,930
Income from associates and joint ventures (51,912) (36,142) (31,993)
Exchange rate and monetary variations, net 3,800,827 12,530,891 1,964,927
Interest expenses with financing, loans and debentures, net 3,207,278 3,286,254 3,363,019
Premium expenses with early settlements 260,289 391,390  
Capitalized loan costs (18,624) (10,636) (4,213)
Accrual of interest on marketable securities (178,320) (94,868) (392,018)
Amortization of transaction costs 107,239 101,741 185,807
Derivative losses, net 1,597,662 9,422,682 1,075,252
Fair value adjustment of biological assets (763,091) (466,484) (185,399)
Deferred income tax and social contribution (94,690) (7,109,120) (1,528,571)
Interest on actuarial liabilities 55,849 53,092 44,496
Provision for judicial liabilities, net 65,318 1,288 26,807
Provision (reversal) for allowance for doubtful accounts, net (637) 6,022 (12,286)
Provision for inventory losses, net 73,574 65,675 107,269
Provision (reversal) for loss of ICMS credits, net (99,183) (82,293) 129,283
Tax credits (441,880)   (128,115)
Other 26,449 35,451 (56,517)
Decrease (increase) in assets      
Trade accounts receivables (3,393,787) 884,451 991,476
Inventories (654,757) 651,203 873,420
Recoverable taxes 186,013 659,930 241,934
Other assets (54,136) 54,651 (26,478)
Increase (decrease) in liabilities      
Trade accounts payables 1,363,478 140,480 (1,555,697)
Taxes payable 271,700 47,212 240,871
Payroll and charges 97,792 92,278 (234,948)
Other liabilities (191,976) (266,546) (62,294)
Cash provided by operations 20,859,425 16,749,409 10,568,315
Payment of interest with financing, loans and debentures (2,953,573) (3,244,949) (2,977,957)
Payment of premium with early settlements (260,289) (378,381)  
Interest received from marketable securities 98,110 186,853 377,804
Payment of income taxes (106,180) (188,296) (391,725)
Cash provided by operating activities 17,637,493 13,124,636 7,576,437
INVESTING ACTIVITIES      
Additions to property, plant and equipment (2,150,584) (1,503,255) (2,001,674)
Additions to intangible (285,278) (2,307) (17,715)
Additions to biological assets (3,807,608) (3,392,298) (2,849,038)
Proceeds from sale of property, plant and equipment 1,411,251 183,504 198,644
Capital increase in subsidiaries and affiliates (51,816)   (45,856)
Marketable securities, net (5,216,921) 3,841,493 19,378,893
Advances for acquisition (receipt) of wood from operations with development and partnerships (257,672) 135,693 (355,447)
Dividends received 6,453 753  
Acquisition of non-controlling interests (6,516)   (26,002,540)
Other investments     (286)
Cash used in investing activities (10,358,691) (736,417) (11,695,019)
FINANCING ACTIVITIES      
Proceeds from loans, financing and debentures 16,991,962 14,761,796 18,993,837
Payment of derivative transactions (1,921,253) (4,465,640) (135,449)
Payment of loans, financing and debentures (15,469,423) (19,092,810) (13,994,708)
Payment of leases (1,012,137) (824,245) (645,071)
Payment of dividends (9,683)   (606,632)
Sale of treasury shares to meet stock-based compensation plan     (879)
Liabilities for assets acquisitions and associates (153,357) (164,240) (479,480)
Other financing     10,191
Cash provided (used) by financing activities (1,573,891) (9,785,139) 3,141,809
EXCHANGE VARIATION ON CASH AND CASH EQUIVALENTS 1,050,808 982,850 (161,553)
Increase (decrease) in cash and cash equivalents, net 6,755,719 3,585,930 (1,138,326)
At the beginning for the year 6,835,057 3,249,127 4,387,453
At the end for the year R$ 13,590,776 R$ 6,835,057 R$ 3,249,127