Net Cash Provided by Financing Activities. Net cash provided by financing activities totaled R$1,349.5 million in 2008 compared to R$27.7 million in 2007. This increase was due to a net increase of R$3,512.8 million in loans received and loans repaid resulting from the additional indebtedness incurred to cover the mark-to-market losses relating to the Company's foreign currency exchange derivatives, including an increase in short-term debt issuances of R$2,689.1 million.