XML 36 R6.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating activities        
Net income $ 704 $ 1,664 $ 1,960 $ 3,519
Other income and gains (889) (95) (921) (437)
Share of undistributed equity accounted earnings (838) (165) (1,050) 201
Fair value changes 1,398 (833) 1,229 (1,405)
Depreciation and amortization 1,234 672 2,268 1,342
Deferred income taxes 7 203 56 129
Investments in residential inventory (3) 83 (34) 22
Net change in non-cash working capital balances (810) (606) (1,109) (1,176)
Cash flows from (used in) operating activities 803 923 2,399 2,195
Financing activities        
Corporate borrowings arranged 0 0 992 1,003
Corporate borrowings repaid     (450) 0
Commercial paper and bank borrowings, net 0 0 0 (103)
Non-recourse borrowings arranged 23,726 9,649 32,122 18,937
Non-recourse borrowings repaid (10,490) (5,619) (17,486) (13,621)
Non-recourse credit facilities, net 178 835 (262) 269
Subsidiary equity obligations issued 180 26 182 188
Subsidiary equity obligations redeemed (25) (32) (30) (374)
Capital provided from non-controlling interests 6,296 1,050 7,899 2,717
Capital repaid to non-controlling interests (537) (1,178) (1,242) (1,213)
Repayment of lease liability (128) 0 (228) 0
Distributions to non-controlling interests (1,919) (1,767) 4,407 (3,410)
Distributions to shareholders (191) (182) (381) (363)
Cash flows from (used in) financing activities 16,582 2,784 16,607 3,826
Acquisitions        
Investment properties (1,047) (546) (2,026) (988)
Property, plant and equipment (652) (398) (1,190) (749)
Equity accounted investments (340) (220) (1,265) (417)
Financial assets and other (2,526) (1,361) (4,127) (2,195)
Acquisition of subsidiaries (17,066) (2,557) (19,319) (4,942)
Dispositions        
Investment properties 786 11 1,700 769
Property, plant and equipment 63 27 77 556
Equity accounted investments 454 155 1,094 1,483
Financial assets and other 2,310 991 3,701 1,374
Disposition of subsidiaries 1,112 (6) 1,147 (1)
Restricted cash and deposits 158 227 229 35
Cash flows from (used in) investing activities (16,748) (3,677) (19,979) (5,075)
Cash and cash equivalents        
Change in cash and cash equivalents 637 30 (973) 946
Net change in cash classified within assets held for sale 34 (12) (22) (29)
Foreign exchange revaluation 36 (149) 52 (143)
Balance, beginning of period 6,740 6,044 8,390 5,139
Balance, end of period 7,447 5,913 7,447 5,913
Preferred shares        
Equity Issued/Redeemed [line items]        
Equity redeemed (2) 0 (15) 0
Common shares        
Equity Issued/Redeemed [line items]        
Equity issued 2 2 6 7
Equity redeemed $ (58) $ 0 $ (93) $ (211)