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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating activities        
Net income $ 1,475 $ 2,429 $ 4,435 $ 6,205
Other income and gains (465) (1,251) (494) (1,955)
Share of undistributed equity accounted earnings 150 8 (439) (265)
Fair value changes 397 (377) (1,383) (2,471)
Depreciation and amortization 1,886 1,571 3,697 3,081
Deferred income taxes (189) 301 236 490
Sales of (investments in) residential inventory 36 (37) (117) (67)
Net change in non-cash working capital balances (162) (1,111) (2,337) (1,654)
Cash flows from (used in) operating activities 3,128 1,533 3,598 3,364
Financing activities        
Corporate borrowings arranged 0 497 828 497
Corporate borrowings repaid 0 (526) 0 (526)
Commercial paper and borrowings, net 958 0 402 0
Non-recourse borrowings arranged 28,089 13,859 42,393 22,826
Non-recourse borrowings repaid (15,910) (10,827) (25,760) (19,489)
Non-recourse credit facilities, net 1,354 (1,564) 2,900 674
Subsidiary equity obligations issued 0 0 57 0
Subsidiary equity obligations redeemed 0 (242) (229) (248)
Deposits From Related Party 37 802 37 802
Deposit From Related Parties Repaid 0 0 (35) 0
Capital provided from non-controlling interests 3,788 3,831 5,485 7,460
Capital repaid to non-controlling interests (743) (3,956) (3,741) (4,669)
Repayment of lease liabilities (208) (356) (361) (584)
Settlement of deferred consideration (1,037)   (1,037)  
Distributions to non-controlling interests (2,736) (2,823) (5,728) (5,350)
Distributions to shareholders (256) (772) (513) (1,005)
Cash flows from (used in) financing activities 13,104 (2,306) 14,257 81
Acquisitions        
Investment properties (2,944) (2,274) (4,435) (4,489)
Property, plant and equipment (1,660) (1,259) (3,248) (2,939)
Equity accounted investments (1,917) (801) (2,645) (1,188)
Financial assets and other (19,594) (7,906) (37,061) (15,958)
Acquisition of subsidiaries (9,383) (1,043) (10,184) (2,773)
Dispositions        
Investment properties 1,030 1,668 1,592 3,600
Property, plant and equipment 129 70 209 83
Equity accounted investments 886 815 1,255 1,174
Financial assets and other 17,573 7,240 34,990 15,526
Disposition of subsidiaries 417 3,332 2,397 3,692
Restricted cash and deposits (84) 1,428 (1,089) 383
Cash flows from (used in) investing activities (15,547) 1,270 (18,219) (2,889)
Cash and cash equivalents        
Change in cash and cash equivalents 685 497 (364) 556
Supplemental Cash Flow Information [Abstract]        
Net change in cash classified within assets held for sale (14) 18 0 (28)
Foreign exchange revaluation (282) 118 (125) (2)
Balance, beginning of period 11,816 9,826 12,694 9,933
Balance, end of period 12,205 10,459 12,205 10,459
Common shares        
Financing activities        
Common shares issued 5 2 9 15
Common shares repurchased $ (237) $ (231) $ (450) $ (322)