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CONSOLIDATED STATEMENTS OF CASH FLOW - BRL (R$)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net income (loss) for the year R$ (7,044,706,000) R$ 14,106,381,000 R$ 23,394,887,000
Adjustment to      
Depreciation, depletion and amortization 8,874,931,000 6,999,839,000 7,206,125,000
Depreciation of right of use 349,064,000 321,271,000 231,966,000
Sublease of ships (11,314,000)
Interest expense on lease liabilities 451,148,000 441,596,000 433,613,000
Result from sale and disposal of property, plant and equipment and biological assets, net 163,033,000 331,285,000 509,000
Income (expense) from associates and joint ventures 13,845,000 19,379,000 (284,368,000)
Exchange rate and monetary variations, net 15,884,993,000 (3,087,727,000) (3,294,593,000)
Interest expenses on financing, loans and debentures, net 5,413,707,000 4,797,094,000 4,007,737,000
Capitalized loan cost (959,968,000) (1,160,364,000) (359,407,000)
Accrual of interest on marketable securities (1,254,424,000) (1,352,522,000) (707,211,000)
Amortization of transaction costs 80,099,000 67,353,000 69,881,000
Derivative losses, net 9,112,683,000 (5,526,714,000) (6,761,567,000)
Result on fair value adjustment of biological assets (1,431,530,000) (1,989,831,000) (1,199,759,000)
Deferred income tax and social contribution (7,431,946,000) 3,495,443,000 4,749,798,000
Interest on actuarial liabilities 75,850,000 69,231,000 59,258,000
Provision for judicial liabilities, net 138,318,000 139,934,000 88,198,000
(Reversal of) provision for allowance for doubtful accounts, net 2,585,000 35,202,000 1,652,000
Provision for inventory losses, net 77,353,000 31,419,000 56,060,000
Provision (reversal) for loss of ICMS credits, net 130,727,000 348,628,000 58,003,000
Other 69,535,000 66,938,000 4,118,000
Decrease (increase) in assets      
Trade accounts receivables (808,785,000) 2,155,448,000 (3,267,356,000)
Inventories (863,648,000) (48,673,000) (967,995,000)
Recoverable taxes (95,411,000) (666,681,000) (381,408,000)
Other assets 6,185,000 328,800,000 (95,382,000)
Increase (decrease) in liabilities      
Trade accounts payables 2,164,832,000 463,003,000 1,533,118,000
Taxes payable 296,169,000 329,556,000 422,591,000
Payroll and charges 364,817,000 73,096,000 83,742,000
Other liabilities (27,706,000) (277,538,000) (9,007,000)
Cash provided by operations 23,751,750,000 20,510,846,000 25,061,889,000
Payment of interest with financing, loans and debentures (5,241,389,000) (4,728,998,000) (4,019,072,000)
Finance costs paid, classified as operating activities 959,968,000 1,160,364,000 359,407,000
Interest received from marketable securities 1,500,437,000 681,268,000 544,849,000
Payment of income taxes (366,339,000) (308,002,000) (306,453,000)
Cash provided by operating activities 20,604,427,000 17,315,478,000 21,640,620,000
INVESTING ACTIVITIES      
Additions to property, plant and equipment (9,190,589,000) (11,674,183,000) (9,791,238,000)
Additions to intangible (162,042,000) (104,931,000) (90,499,000)
Additions to biological assets (7,180,450,000) (5,777,952,000) (4,957,380,000)
Proceeds from sale of property, plant and equipment 167,983,000 183,576,000 251,183,000
Capital increase in subsidiaries and affiliates (41,281,000) (48,462,000) (67,020,000)
Marketable securities, net 205,954,000 (5,296,370,000) 67,426,000
Advances for acquisition (receipt) of wood from operations with development and partnerships (294,952,000) (690,908,000) (355,362,000)
Dividends received 44,789,000 6,604,000
Asset acquisition (2,595,974,000) (1,615,140,000) (2,090,062,000)
Acquisition of subsidiaries (1,060,718,000)
Increase (decrease) through acquisition of other investments (1,440,503,000)
Cash and cash equivalents from asset acquisitions 19,113,000 5,002,000 10,590,000
Cash used in investing activities (20,512,741,000) (26,035,297,000) (17,015,758,000)
FINANCING ACTIVITIES      
Proceeds from loans, financing and debentures 15,692,905,000 10,944,794,000 1,335,715,000
Payment of derivative transactions (550,581,000) 3,559,286,000 282,225,000
Payment of loans, financing and debentures (9,410,807,000) (4,296,447,000) (2,517,934,000)
Payment of leases (1,325,398,000) (1,218,399,000) (1,044,119,000)
Interest paid, referring to interest on own capital, classified as financing activities (1,624,653,000) (192,532,000) (4,150,782,000)
Liabilities for assets acquisitions and associates (58,467,000) (116,924,000) (107,888,000)
Shares repurchased (2,806,764,000) (880,914,000) (1,904,424,000)
Cash provided (used) by financing activities (83,765,000) 7,798,864,000 (8,107,207,000)
EXCHANGE VARIATION ON CASH AND CASH EQUIVALENTS 665,026,000 (239,125,000) (602,480,000)
Increase (decrease) in cash and cash equivalents, net 672,947,000 (1,160,080,000) (4,084,825,000)
At the beginning of the year 8,345,871,000 9,505,951,000 13,590,776,000
At the end of the year R$ 9,018,818,000 R$ 8,345,871,000 R$ 9,505,951,000