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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities    
Net income $ 7,488 $ 4,551
Other income and gains (1,166) (1,180)
Share of undistributed equity accounted earnings (294) (481)
Fair value changes (1,794) (421)
Depreciation and amortization 3,102 2,345
Deferred income taxes (1,109) 327
Investments in residential inventory 258 19
Net change in non-cash working capital balances (1,326) (1,155)
Cash flows from (used in) operating activities 5,159 4,005
Financing activities    
Corporate borrowings arranged 1,090 1,284
Corporate borrowings repaid 0 (434)
Commercial paper and bank borrowings, net (103) 103
Non-recourse borrowings arranged 43,541 26,251
Non-recourse borrowings repaid (28,243) (21,636)
Non-recourse credit facilities, net 3,291 819
Subsidiary equity obligations issued 212 419
Subsidiary equity obligations redeemed (485) (347)
Capital provided from non-controlling interests 9,306 9,488
Capital repaid to non-controlling interests (2,643) (2,295)
Distributions to non-controlling interests (6,709) (4,907)
Distributions to shareholders (726) (685)
Cash flows from (used in) financing activities 18,136 8,185
Equity Issued/Redeemed [line items]    
Incomes Taxes Paid Classified As Supplemental Cash Flow Disclosure 980 402
Interest Paid Classified As Supplemental Cash Flow Disclosure 4,712 3,374
Acquisitions    
Investment properties (2,879) (2,114)
Property, plant and equipment (1,962) (1,690)
Equity accounted investments (953) (2,718)
Financial assets and other (5,288) (4,623)
Acquisition of subsidiaries (22,269) (10,336)
Dispositions    
Investment properties 4,311 2,906
Property, plant and equipment 787 66
Equity accounted investments 2,163 889
Financial assets and other 4,523 2,843
Disposition of subsidiaries 1,729 2,834
Restricted cash and deposits 5 549
Cash flows from (used in) investing activities (19,833) (11,394)
Cash and cash equivalents    
Change in cash and cash equivalents 3,462 796
Net change in cash classified within assets held for sale (1) (20)
Foreign exchange revaluation (210) 64
Balance, beginning of year 5,139 4,299
Balance, end of year 8,390 5,139
Preferred shares    
Equity Issued/Redeemed [line items]    
Equity issued 0 241
Equity redeemed (17) (7)
Common shares    
Equity Issued/Redeemed [line items]    
Equity issued 11 15
Equity redeemed $ (389) $ (124)