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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net income (loss) $ 1,076 $ 93 $ (127)
Adjusted for the following items:      
Equity accounted earnings, net of distributions 3 (1) (1)
Impairment expense, net 21 0 0
Depreciation and amortization expense 892 603 585
Gain on acquisitions/dispositions, net 0 0 (55)
Provisions and other items 81 81 189
Deferred income tax expense (recovery) (493) (45) (41)
Remeasurement of exchangeable and class B shares (836) 0 0
Changes in non-cash working capital, net (563) (113) (36)
Cash from (used in) operating activities 181 618 514
Financing Activities      
Proceeds from non-recourse borrowings in subsidiaries of the company 8,994 484 1,103
Repayment of non-recourse borrowings in subsidiaries of the company (1,364) (296) (1,105)
Proceeds from other financing 101 57 55
Repayment of other financing (85) (114) (100)
Lease liability repayment (96) (94) (71)
Capital provided by others who have interests in operating subsidiaries 2,218 0 111
Distributions to exchangeable shareholders (14) 0 0
Proceeds received from loan with Brookfield Business Partners 955 0 0
Repayment and issuance of loans with Brookfield Business Partners 536 0 0
Distributions to others who have interests in operating subsidiaries (1,178) (41) (255)
Contributions from (distributions to) Brookfield Business Partners (82) 18 (31)
Cash from (used in) financing activities 8,913 14 (293)
Acquisitions      
Subsidiaries, net of cash acquired (8,743) (7) (23)
Property, plant and equipment and intangible assets (655) (728) (477)
Financial assets and other (3) 0 (2)
Equity accounted investments 0 (2) 0
Dispositions      
Subsidiaries, net of cash disposed 0 0 372
Property, plant and equipment and intangible assets 33 9 9
Financial assets and other 0 7 1
Net settlement of hedges 134 1 120
Restricted cash and deposits 4 242 (235)
Cash from (used in) investing activities (9,230) (478) (235)
Cash and cash equivalents      
Change during the period (136) 154 (14)
Impact of foreign exchange (22) (37) (1)
Balance, beginning of year 894 777 792
Balance, end of year $ 736 $ 894 $ 777