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CONSOLIDATED STATEMENTS OF CASH FLOW - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES      
Net income (loss) for the year R$ 14,106,381 R$ 23,394,887 R$ 8,635,532
Adjustment to      
Depreciation, depletion and amortization 6,999,839 7,206,125 6,879,132
Depreciation of right of use 321,271 231,966 203,670
Sublease of ships (11,314) (44,706)
Interest expense on lease liabilities 441,596 433,613 427,934
Result from sale and disposal of property, plant and equipment and biological assets, net 331,285 509 (412,612)
Income (expense) from associates and joint ventures 19,379 (284,368) (51,912)
Exchange rate and monetary variations, net (3,087,727) (3,294,593) 3,800,827
Interest expenses on financing, loans and debentures, net 4,797,094 4,007,737 3,207,278
Expenses with early settlements premium 260,289
Capitalized loan cost (1,160,364) (359,407) (18,624)
Accrual of interest on marketable securities (1,352,522) (707,211) (178,320)
Amortization of transaction costs 67,353 69,881 107,239
Derivative losses, net (5,526,714) (6,761,567) 1,597,662
Result on fair value adjustment of biological assets (1,989,831) (1,199,759) (763,091)
Deferred income tax and social contribution 3,495,443 4,749,798 (94,690)
Interest on actuarial liabilities 69,231 59,258 55,849
Provision for judicial liabilities, net 139,934 88,198 65,318
(Reversal of) provision for allowance for doubtful accounts, net 35,202 1,652 (637)
Provision for inventory losses, net 31,419 56,060 73,574
Provision (reversal) for loss of ICMS credits, net 348,628 58,003 (99,183)
Tax credits 15,108 1,324 (441,880)
Other 51,830 2,794 26,449
Decrease (increase) in assets      
Trade accounts receivables 2,155,448 (3,267,356) (3,393,787)
Inventories (48,673) (967,995) (654,757)
Recoverable taxes (666,681) (381,408) 186,013
Other assets 328,800 (95,382) (72,760)
Increase (decrease) in liabilities      
Trade accounts payables 463,003 1,533,118 1,363,478
Taxes payable 329,556 422,591 271,700
Payroll and charges 73,096 83,742 97,792
Other liabilities (277,538) (9,007) (191,976)
Cash provided by operations 20,510,846 25,061,889 20,840,801
Payment of interest with financing, loans and debentures (4,728,998) (4,019,072) (2,953,573)
Finance costs paid, classified as operating activities 1,160,364 359,407 18,624
Payment of early settlement premiums (260,289)
Interest received from marketable securities 681,268 544,849 98,110
Payment of income taxes (308,002) (306,453) (106,180)
Cash provided by operating activities 17,315,478 21,640,620 17,637,493
INVESTING ACTIVITIES      
Additions to property, plant and equipment (11,674,183) (9,791,238) (2,150,584)
Additions to intangible (104,931) (90,499) (285,278)
Additions to biological assets (5,777,952) (4,957,380) (3,807,608)
Proceeds from sale of property, plant and equipment 183,576 251,183 1,411,251
Capital increase in subsidiaries and affiliates (48,462) (67,020) (51,816)
Marketable securities, net (5,296,370) 67,426 (5,216,921)
Advances for acquisition (receipt) of wood from operations with development and partnerships (690,908) (355,362) (257,672)
Dividends received 44,789 6,604 6,453
Asset acquisition (1,615,140) (2,090,062)
Acquisition of subsidiaries (1,060,718)
Cash and cash equivalents from asset acquisitions 5,002 10,590
Acquisition of non-controlling interests (6,516)
Cash used in investing activities (26,035,297) (17,015,758) (10,358,691)
FINANCING ACTIVITIES      
Proceeds from loans, financing and debentures 10,944,794 1,335,715 16,991,962
Payment of derivative transactions 3,559,286 282,225 (1,921,253)
Payment of loans, financing and debentures (4,296,447) (2,517,934) (15,469,423)
Payment of leases (1,218,399) (1,044,119) (1,012,137)
Payment of dividends (192,532) (4,150,782) (9,683)
Liabilities for assets acquisitions and associates (116,924) (107,888) (153,357)
Shares repurchased (880,914) (1,904,424)
Cash provided (used) by financing activities 7,798,864 (8,107,207) (1,573,891)
EXCHANGE VARIATION ON CASH AND CASH EQUIVALENTS (239,125) (602,480) 1,050,808
Increase (decrease) in cash and cash equivalents, net (1,160,080) (4,084,825) 6,755,719
At the beginning of the year 9,505,951 13,590,776 6,835,057
At the end of the year R$ 8,345,871 R$ 9,505,951 R$ 13,590,776