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CONSOLIDATED STATEMENT OF CASH FLOWS - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Income (loss) from continuing operations R$ 1,524,997 R$ 1,078,333 R$ (2,114,506)
Adjustments for:      
Depreciation and amortization 1,517,402 1,503,039 962,677
Depreciation and depletion of biological assets 876,976 798,239 784,524
Result on disposal of property, plant and equipments and investment 40,220 15,402 51,004
Write-down of inventories to net realizable value 122,082 149,517 352,164
Provision for tax, civil and labor risks 319,237 836,357 214,439
Impairment 10,160 22,927
Income from investments under the equity method 1,737 (17,715)
Financial results, net 1,698,995 1,865,399 2,241,474
Tax recoveries and gains in tax lawsuits (379,087) (1,218,993) (263,327)
Deferred income tax (250,136) (290,094) (340,144)
Employee profit sharing 283,065 269,755 59,518
Other 61,185 239,540 62,768
Cash flow provided by operating activities before working capital 5,825,096 5,271,158 1,992,876
Trade accounts receivable (481,192) (182,126) 992,512
Inventories (2,622,702) (130,646) (226,046)
Biological assets - current (524,414) (94,087) (50,093)
Trade accounts payable 2,154,693 (392,533) (1,051,368)
Supply chain finance 620,232 (31,760) 170,940
Cash generated by operating activities 4,971,713 4,440,006 1,828,821
Investments in securities at FVTPL [1] (92,911) (273,678)
Redemptions of securities at FVTPL [1] 102,172 39,189 143,669
Interest received 87,334 180,686 177,299
Dividends and interest on shareholders' equity received 15,551 3,606
Payment of tax, civil and labor provisions (269,820) (564,342) (168,824)
Payment of interest (1,421,539) (1,290,853) (1,147,351)
Derivative financial instruments 923,709 (325,486) (111,981)
Payment of income taxes (155) (98) (737)
Other operating assets and liabilities 24,216 228,722 (22,440)
Net cash provided by operating activities 4,417,630 2,630,464 428,384
Net cash applied by operating activities from discontinued operations (109,234) (132,699)
Net cash provided by operating activities 4,417,630 2,521,230 295,685
INVESTING ACTIVITIES      
Investments in securities at amortized cost (15,362) (213,697)
Redemptions of securities at amortized cost 95,638 179,667
Investments in securities at FVTOCI [2] (5,194)
Redemptions of securities at FVTOCI [2] 26,352 264,965 140,886
Redemption of restricted cash 285,672 599,847 (249,366)
Additions to property, plant and equipment (804,609) (417,165) (578,037)
Additions to biological assets - non-current (1,006,222) (837,930) (845,311)
Proceeds from disposals of property, plant, equipments and investment 126,540 1,879,220 261,576
Additions to intangible assets (96,181) (64,320) (20,535)
Sale of participation in subsidiaries wirh loss of control 38,546
Sale (acquisition) of participation in joint ventures and subsidiaries (1,087) (3,005) 3,351
Net cash provided by (used in) investing activities (1,430,989) 1,501,888 (1,326,660)
Net cash used in investing activities from discontinued operations (58,782) (89,219)
Net cash provided by (used in) investing activities (1,430,989) 1,443,106 (1,415,879)
FINANCING ACTIVITIES      
Proceeds from debt issuance 10,420,333 5,399,158 6,500,102
Repayment of debt (10,247,359) (9,481,138) (6,223,963)
Treasury shares acquisition (106,070)
Acquisition of non-controlling interests (100,390) (183,672)
Payment of lease liabilities (553,556) (553,017) (102,397)
Net cash provided by (used in) financing activities (587,042) (4,818,669) 173,742
Net cash provided by (used in) financing activities from discontinued operations 1,567 (99,818)
Net cash provided by (used in) financing activities (587,042) (4,817,102) 73,924
EFFECT OF EXCHANGE RATE VARIATION ON CASH AND CASH EQUIVALENTS 939,241 54,540 71,452
Net increase (decrease) in cash and cash equivalents 3,338,840 (798,226) (974,818)
Balance at the beginning of the year 4,237,785 5,036,011 6,010,829
Balance at the end of the year R$ 7,576,625 R$ 4,237,785 R$ 5,036,011
[1] FVTPL: Fair Value Through Profit and Loss.
[2] FVTOCI: Fair Value Through Other Comprehensive Income.