XML 27 R7.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income (loss) $ 1,850 $ 930 $ (2,819)
Adjustments for the following non-cash items:      
Depreciation 1,179 1,115 1,065
Unrealized financial instrument (gain) loss 191 102 (78)
Share of loss (earnings) from equity-accounted investments (6) (2) 4
Deferred income tax (recovery) expense (15) 56 (134)
Other non-cash items 2 109 409
Remeasurement of BEPC exchangeable and class B shares (1,800) (1,267) 2,561
Dividends received from equity-accounted investments 4 3 3
Cash flows from (used in) operations before changes in related parties and working capital balances 1,405 1,046 1,011
Changes in due to or from related parties (18) (24) (9)
Net change in working capital balances (103) (627) (10)
Cash flows from (used in) operating activities 1,284 395 992
Financing activities      
Proceeds from non-recourse borrowings 3,460 4,133 2,927
Repayment of non-recourse borrowings (2,571) (2,641) (2,914)
Capital contributions from non-controlling interests 369 65 329
Capital contributions from the partnership 0 0 102
Capital repaid to non-controlling interests (54) (181) (82)
Payments to acquire or redeem entity's shares 0 0 (44)
Distributions paid:      
To participating non-controlling interests (1,286) (675) (513)
To the partnership (78) 0 (235)
Related party borrowings, net (242) (23) (45)
Net cash flows from (used in) financing activities (402) 678 (475)
Investing activities      
Acquisitions net of cash and cash equivalents in acquired entity (48) (12) (105)
Investment in property, plant and equipment (847) (1,354) (373)
Proceeds from disposal of assets 92 376 17
Restricted cash and other 65 (37) 24
Cash flows from (used in) investing activities (738) (1,027) (437)
Foreign exchange gain (loss) on cash (19) (33) 12
Increase 125 13 92
Net change in cash classified within assets held for sale (8) 0 0
Balance, beginning of year 525 512 420
Balance, end of year 642 525 512
Supplemental cash flow information:      
Interest paid 960 827 737
Interest received 32 20 19
Income taxes paid $ 90 $ 49 $ 49