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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating activities        
Net income $ 1,512 $ 1,475 $ 1,936 $ 4,435
Other income and gains (1,483) (465) (1,864) (494)
Equity accounted earnings, net of distributions (63) 150 (21) (439)
Fair value changes (62) 397 (100) (1,383)
Depreciation and amortization 2,214 1,886 4,402 3,697
Deferred income taxes (151) (189) (243) 236
Sales of (investments in) residential inventory 56 36 34 (117)
Net change in non-cash working capital balances (1,617) (162) (2,620) (2,337)
Cash flows from (used in) operating activities 406 3,128 1,524 3,598
Financing activities        
Corporate borrowings arranged 550 0 550 828
Commercial paper and borrowings, net 662 958 1,635 402
Non-recourse borrowings arranged 19,042 28,089 38,509 42,393
Non-recourse borrowings repaid (18,490) (15,910) (31,326) (25,760)
Non-recourse credit facilities, net (5,867) 1,354 (6,233) 2,900
Subsidiary equity obligations issued (6) 0 (7) (172)
Deposits From Related Party 0 37 0 37
Deposit From Related Parties Repaid (675) 0 (1,000) (35)
Capital provided by non-controlling interests 8,194 3,788 16,618 5,485
Capital repaid to non-controlling interests (458) (743) (1,404) (3,741)
Repayment of lease liabilities (211) (208) (416) (361)
Settlement of deferred consideration (7) (1,037) (29) (1,037)
Distributions to non-controlling interests (2,777) (2,736) (5,773) (5,728)
Distributions to shareholders (151) (256) (302) (513)
Cash flows from (used in) financing activities (228) 13,104 10,538 14,257
Acquisitions        
Investment properties (1,819) (2,944) (4,393) (4,435)
Property, plant and equipment (1,651) (1,660) (3,203) (3,248)
Equity accounted investments (1,457) (1,917) (5,022) (2,645)
Financial assets and other (19,673) (19,594) (42,833) (37,061)
Acquisition of subsidiaries, net of cash acquired (93) (9,383) (5,314) (10,184)
Dispositions        
Investment properties 463 1,030 520 1,592
Property, plant and equipment 265 129 506 209
Equity accounted investments 2,134 886 2,386 1,255
Financial assets and other 19,811 17,573 41,412 34,990
Disposition of subsidiaries, net of cash disposed 1,295 417 1,670 2,397
Restricted cash and deposits (137) (84) 107 (1,089)
Cash flows from (used in) investing activities (862) (15,547) (14,164) (18,219)
Cash and cash equivalents        
Change in cash and cash equivalents (684) 685 (2,102) (364)
Foreign exchange revaluation 108 (282) 187 (125)
Balance, beginning of period 13,049 11,816 14,396 12,694
Balance, end of period 12,427 12,205 12,427 12,205
Supplemental Cash Flow Information [Abstract]        
Net change in cash classified within assets held for sale (46) (14) (54) 0
Common shares        
Financing activities        
Common shares repurchased (36) (237) (308) (450)
Common shares issued 2 5 46 9
Preferred shares        
Financing activities        
Common shares repurchased $ 0 $ 0 $ (22) $ 0