v3.25.1
Consolidated Statements of Cash Flows - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Income (loss) from continuing operations R$ 3,691,904 R$ (1,868,852) R$ (3,090,678)
Adjustments for:      
Depreciation and amortization 2,006,113 1,834,232 1,777,703
Depreciation and depletion of biological assets 1,518,391 1,390,550 1,214,002
Result on disposal of property, plant and equipments, investment and intangible (163,983) (63,229) 3,985
Provision for tax, civil and labor risks 1,349,026 271,063 341,038
Income from investments under the equity method 13,675 3,264 (1,076)
Financial results, net 1,790,513 2,820,850 2,668,755
Deferred income tax 8,180 (244,172) 208,060
Other 808,446 (159,748) 561,060
Cash flow provided by operating activities before working capital  11,022,265 3,983,958 3,682,849
Changes in assets and liabilities:      
Trade accounts and notes receivables (14,552) (606,550) (144,597)
Inventories 545,882 1,961,810 712,913
Biological assets - current (134,427) 385,027 (296,934)
Trade accounts payable (1,155,516) (3,295,127) (1,366,667)
Cash generated by operating activities 10,263,652 2,429,118 2,587,564
Redemptions (investments) in securities at FVTPL [1] 272,942 18,768 4,093
Interest received 923,798 455,827 281,989
Dividends and interest on shareholders' equity received (851)  
Payment of tax, civil and labor provisions (260,967) (397,872) (292,385)
Derivative financial instruments (154,476) (237,773) (1,191,475)
Other operating assets and liabilities (268,207) 1,672,180 486,598
Net cash provided by operating activities 10,776,742 3,939,397 1,876,384
CASH FLOWS FROM INVESTING ACTIVITIES      
Redemption (additions) on investments in securities at amortized cost 36,425 (60,711) 1,111
Investments in securities at FVTOCI [2] (886,751)
Redemption of restricted cash (258,484) 12,851 (2,074)
Additions to property, plant and equipment (809,765) (791,817) (1,452,733)
Additions to biological assets - non-current (1,454,225) (1,457,174) (1,387,669)
Proceeds from disposals of property, plant, equipments and investment 78,339 167,704 62,545
Additions to intangible (158,945) (167,601) (228,734)
Business combination, net of cash (158,348)
Capital increase in affiliates (45,173) (768) (92,885)
Capital increase in subsidiaries 183,672
Net cash used in investing activities (3,498,579) (2,113,844) (3,258,787)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from debt issuance 2,344,762 3,836,483 3,392,613
Repayment of debt (3,986,019) (6,889,936) (3,984,422)
Payment of interest (1,676,827) (1,679,825) (1,518,301)
Payment of interest derivatives - fair value hedge (110,041) (699,345) (252,662)
Capital increase through issuance of shares 5,313,241 5,275,444
Treasury shares acquisition (1,288,242)
Dividends and interests on shareholders' equity paid  (1,144,453)
Acquisition of non-controlling interests (7,288)
Payment of lease liabilities (866,492) (742,455) (649,846)
Net cash provided (used in) financing activities (6,727,312) (861,837) 2,255,538
Effect of exchange rate variation on cash and cash equivalents 1,349,849 170,019 (271,026)
Net increase (decrease) in cash and cash equivalents 1,900,700 1,133,735 602,109
Balance at the beginning of the year 9,264,664 8,130,929 7,528,820
Balance at the end of the year R$ 11,165,364 R$ 9,264,664 R$ 8,130,929
[1] FVTPL: Fair Value through Profit or Loss.
[2] FVTOCI: Fair Value through Other Comprehensive Income.