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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net income $ 5,105 $ 5,195
Other income and gains (6,501) (1,594)
Equity accounted earnings, net of distributions (441) (355)
Fair value changes 1,396 977
Depreciation and amortization 9,075 7,683
Deferred income taxes (897) 191
Sales of (investments in) residential inventory 152 (119)
Net change in non-cash working capital balances (1,422) (3,227)
Cash flows from (used in) operating activities 6,467 8,751
Financing activities    
Corporate borrowings arranged 1,246 1,567
Repayments of borrowings, classified as financing activities 550 0
Commercial paper and borrowings, net 31 (912)
Non-recourse borrowings arranged 83,620 89,459
Non-recourse borrowings repaid (71,328) (61,067)
Non-recourse credit facilities, net (3,558) 6,869
Subsidiary equity obligations issued 277 75
Subsidiary equity obligations redeemed (456) (563)
Deposits From Related Party 173 1,563
Deposit From Related Parties Repaid (1,261) (35)
Capital provided by non-controlling interests 29,401 15,263
Capital repaid to non-controlling interests (2,175) (4,477)
Repayment of lease liabilities (969) (773)
Settlement of deferred consideration (483) (1,706)
Distributions to non-controlling interests (12,842) (11,102)
Distributions to shareholders (602) (1,029)
Cash flows from (used in) financing activities 19,927 32,460
Acquisitions    
Investment properties (8,213) (9,664)
Property, plant and equipment (8,069) (7,236)
Equity accounted investments (10,492) (5,142)
Financial assets and other (51,887) (67,974)
Acquisition of subsidiaries, net of cash acquired (12,922) (26,306)
Dispositions    
Investment properties 1,573 3,874
Property, plant and equipment 1,175 595
Equity accounted investments 3,258 1,645
Financial assets and other 50,086 63,953
Disposition of subsidiaries, net of cash disposed 5,688 6,325
Restricted cash and deposits 41 280
Cash flows from (used in) investing activities (29,762) (39,650)
Cash and cash equivalents    
Change in cash and cash equivalents (3,368) 1,561
Foreign exchange revaluation 205 (17)
Balance, beginning of period 14,396 12,694
Balance, end of period 11,222 14,396
Supplemental Cash Flow Information [Abstract]    
Net change in cash classified within assets held for sale (11) 158
Incomes Taxes Paid Classified As Supplemental Cash Flow Disclosure 1,677 1,079
Interest Paid Classified As Supplemental Cash Flow Disclosure 13,902 9,009
Common shares    
Financing activities    
Common shares repurchased (624) (686)
Common shares issued 49 14
Preferred shares    
Financing activities    
Common shares repurchased $ (22) $ 0