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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities    
Net income $ 707 $ 5,354
Other income and gains (785) (1,285)
Share of undistributed equity accounted earnings 1,347 (1,654)
Fair value changes 1,423 831
Depreciation and amortization 5,791 4,876
Deferred income taxes 81 (475)
Investments in residential inventory 51 (319)
Net change in non-cash working capital balances (274) (1,000)
Cash flows from (used in) operating activities 8,341 6,328
Financing activities    
Corporate borrowings arranged 2,216 992
Corporate borrowings repaid (251) (450)
Non-recourse borrowings arranged 37,594 64,576
Non-recourse borrowings repaid (33,496) (42,215)
Non-recourse credit facilities, net (1,705) (926)
Subsidiary equity obligations issued 231 212
Subsidiary equity obligations redeemed (246) (45)
Capital provided from non-controlling interests 16,312 19,447
Capital repaid to non-controlling interests (3,593) (2,811)
Repayment of lease liability (602) (424)
Distributions to non-controlling interests (6,493) (8,568)
Distributions to shareholders (867) (772)
Cash flows from (used in) financing activities 8,698 28,746
Acquisitions    
Investment properties (5,111) (6,921)
Property, plant and equipment (4,012) (3,053)
Equity accounted investments (3,733) (5,534)
Financial assets and other (25,536) (10,830)
Acquisition of subsidiaries (3,453) (31,088)
Dispositions    
Investment properties 2,266 5,239
Property, plant and equipment 125 140
Equity accounted investments 215 1,725
Financial assets and other 22,557 10,850
Disposition of subsidiaries 3,415 2,336
Restricted cash and deposits (606) 462
Cash flows from (used in) investing activities (13,873) (36,674)
Cash and cash equivalents    
Change in cash and cash equivalents 3,166 (1,600)
Net change in cash classified within assets held for sale 23 (7)
Foreign exchange revaluation (34) (5)
Balance, beginning of year 6,778 8,390
Balance, end of year 9,933 6,778
Supplemental​ Cash​ Flow​ Information [Abstract]    
Income taxes paid 1,101 504
Interest paid 6,583 6,323
Preferred shares    
Financing activities    
Equity redeemed 0 (16)
Common shares    
Financing activities    
Equity issued 17 13
Equity redeemed $ (419) $ (267)