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CONSOLIDATED STATEMENTS OF CASH FLOW - BRL (R$)
R$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES    
Net income for the period R$ 10,320,416 R$ 10,487,899
Adjustment to    
Depreciation, depletion and amortization 3,451,862 3,505,869
Depreciation of right of use 141,654 109,860
Sublease of ships   (11,314)
Interest expense on lease liabilities 223,237 210,597
Result from sale and disposal of property, plant and equipment and biological assets, net 111,195 (8,041)
Income (expense) from associates and joint ventures (419) (9,307)
Exchange rate and monetary variations, net (3,624,935) (3,170,689)
Interest expenses on financing, loans and debentures, net 2,309,587 1,851,948
Capitalized loan costs (511,650) (108,972)
Accrual of interest on marketable securities (529,887) (279,092)
Amortization of transaction costs 32,421 36,838
Derivative gains, net (4,899,019) (4,620,886)
Fair value adjustment of biological assets (1,256,315) (171,618)
Deferred income tax and social contribution 3,849,332 3,326,601
Interest on actuarial liabilities 34,615 29,616
Provision for judicial liabilities, net 62,154 63,001
Tax litigation reduction program 14,031  
Provision for doubtful accounts, net 10,287 2,088
Provision for inventory losses, net (854) (9,519)
Provision for loss of ICMS credits, net 202,961 34,676
Other 10,494 7,501
Decrease (increase) in assets    
Trade accounts receivables 2,573,633 464,246
Inventories (372,295) (744,261)
Recoverable taxes (335,807) (168,111)
Other assets 235,459 69,152
Increase (decrease) in liabilities    
Trade accounts payables (105,036) 997,290
Taxes payable 82,064 90,938
Payroll and charges (63,898) (67,050)
Other liabilities (158,527) (180,291)
Cash generated from operations 11,806,760 11,738,969
Payment of interest on financing, loans and debentures (2,352,484) (1,919,402)
Capitalized loan costs paid 511,650 108,972
Interest received from marketable securities 391,601 229,925
Payment of income taxes (89,482) (94,393)
Cash provided by operating activities 10,268,045 10,064,071
INVESTING ACTIVITIES    
Additions to property, plant and equipment (5,759,447) (3,397,882)
Additions to intangible (197) (69,100)
Additions to biological assets (2,899,032) (2,135,997)
Proceeds from sale of property, plant and equipment 97,412 98,328
Capital increase in subsidiaries and affiliates (35,075) (26,863)
Marketable securities, net (683,505) (4,691,843)
Advances for acquisition (receipt) of wood from operations with development and partnerships (410,024) (174,490)
Dividends received 4,869 6,604
Asset acquisition (1,615,140) (1,699,869)
Acquisition of subsidiaries (1,072,657)  
Net cash from acquisition of subsidiaries 5,002  
Cash used in investing activities (12,367,794) (12,091,112)
FINANCING ACTIVITIES    
Proceeds from loans, financing and debentures 5,276,816 265,090
Receipt of derivative transactions 1,664,900 186,312
Payment of loans, financing and debentures (765,533) (853,625)
Payment of leases (577,132) (499,372)
Payment of dividends (2,415) (1,801,562)
Liabilities for assets acquisitions and associates (16,929) (109)
Shares repurchased (721,052) (502,065)
Cash provided (used) by financing activities 4,858,655 (3,205,331)
EXCHANGE VARIATION ON CASH AND CASH EQUIVALENTS (404,442) (646,323)
Increase (decrease) in cash and cash equivalents, net 2,354,464 (5,878,695)
At the beginning of the period 9,505,951 13,590,776
At the end of the period R$ 11,860,415 R$ 7,712,081