Indebtedness

(R$ thousand) 2013 2014 2015 2016 2017 2018
Short-Term Debt           36,223      37,869    227,604    125,328       250,294       330,193
Borrowings and Financing           32,848      22,908      12,562      38,682          96,031          55,642
Debentures and Promissory Notes             3,375      14,961    210,380      74,938       149,078       237,676
Leasing                    –                –         4,662      11,708            5,185          36,875
Long-Term Debt         663,329    840,472    698,836    707,975    1,212,482    3,594,154
Borrowings and Financing         179,449    126,420      58,720      62,329          58,463          165
Debentures and Promissory Notes         483,880    714,052    630,058         9,951    1,153,786    3,562,873
Leasing                    –                –      10,058    635,695                233 31,116
Consolidated Gross Debt         699,552    878,341    926,440    833,303    1,462,776    3,924,347
Cash and Cash Equivalents         196,836    206,114    292,400    205,355       430,726       1,964,898
Net Debt         502,716    672,227    634,040    627,948    1,032,050    1,959,449