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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      
Income from continuing operations R$ 517,314 R$ 1,524,997 R$ 1,078,333
Adjustments for:      
Depreciation and amortization 1,715,863 1,517,402 1,503,039
Depreciation and depletion of biological assets 1,030,491 876,976 798,239
Result on disposal of property, plant and equipments and investment (141,211) 40,220 15,402
Write-down of inventories to net realizable value 128,680 122,082 149,517
Provision for tax, civil and labor risks 116,144 319,237 836,357
Impairment 10,160 22,927
Income from investments under the equity method 1,737
Financial results, net 3,044,575 1,698,995 1,865,399
Tax recoveries and gains in tax lawsuits (108,785) (379,087) (1,218,993)
Deferred income tax (807,744) (250,136) (290,094)
Employee profit sharing 170,425 283,065 269,755
Other provisions 2,793 61,185 239,540
Cash flow provided by operating activities before working capital 5,668,545 5,825,096 5,271,158
Trade accounts receivable 386,889 (481,192) (182,126)
Inventories (2,878,507) (2,622,702) (130,646)
Biological assets - current (815,699) (524,414) (94,087)
Trade accounts payable 1,420,014 2,154,693 (392,533)
Supply chain finance 790,946 620,232 (31,760)
Cash generated by operating activities 4,572,188 4,971,713 4,440,006
Investments in securities at FVTPL [1] (115,041) (92,911)
Redemptions of securities at FVTPL [1] 145,053 102,172 39,189
Interest received 106,388 87,334 180,686
Dividends and interest on shareholders' equity received 15,551
Payment of tax, civil and labor provisions (399,252) (269,820) (564,342)
Derivative financial instruments 266,491 923,709 (325,486)
Payment of income taxes (155) (98)
Other operating assets and liabilities [2] (652,191) 24,216 228,722
Net cash provided by operating activities 3,923,636 5,839,169 3,812,083
INVESTING ACTIVITIES      
Investments in securities at amortized cost (4,060) (15,362)
Redemptions of securities at amortized cost 166,112 95,638
Investments in securities at FVTOCI [3] (12,866)
Redemptions of securities at FVTOCI [3] 86,059 26,352 264,965
Redemption of restricted cash 400 285,672 599,847
Additions to property, plant and equipment (1,555,426) (804,609) (417,165)
Additions to biological assets - non-current (1,239,746) (1,006,222) (837,930)
Proceeds from disposals of property, plant, equipments and investment 58,836 126,540 1,879,220
Additions to intangible assets (179,632) (96,181) (64,320)
Business combination, net of cash (985,639)
Sale of participation in subsidiaries with loss of control 132,951 38,546 (3,005)
Acquisition of participation in joint ventures and subsidiaries 1,770 (1,087)
Net cash used in investing activities (3,531,241) (1,430,989) 1,501,888
Net cash used in investing activities from discontinued operations (17,550) (58,782)
Net cash used in investing activities (3,548,791) (1,430,989) 1,443,106
FINANCING ACTIVITIES      
Proceeds from debt issuance 2,990,782 10,420,333 5,399,158
Repayment of debt (1,395,347) (10,247,359) (9,481,138)
Payment of interest (1,193,367) (1,421,539) (1,290,853)
Payment of interest derivatives - fair value hedge (2,975)
Treasury shares acquisition (27,721) (106,070)
Acquisition of non-controlling interests (238,421) (100,390) (183,672)
Payment of lease liabilities (705,427) (553,556) (553,017)
Net cash used in financing activities (572,476) (2,008,581) (6,109,522)
Net cash provided by financing activities from discontinued operations 1,567
Net cash used in financing activities (572,476) (2,008,581) (6,107,955)
EFFECT OF EXCHANGE RATE VARIATION ON CASH AND CASH EQUIVALENTS 149,826 939,241 54,540
Net increase (decrease) in cash and cash equivalents (47,805) 3,338,840 (798,226)
Balance at the beginning of the year 7,576,625 4,237,785 5,036,011
Balance at the end of the year R$ 7,528,820 R$ 7,576,625 R$ 4,237,785
[1] FVTPL: Fair Value Through Profit and Loss.
[2] Contemplates the payment of employee profit sharing in the amount of R$290,332 for the year ended December 31, 2021 (R$217,794 for the year ended December 31, 2020 and R$93,713 for the year ended December 31, 2019).
[3] FVTOCI: Fair Value Through Other Comprehensive Income.