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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 $ 109 $ 45 $ 262 $ 125
Adjustments for the following non-cash items:        
Depreciation 200 206 400 419
Unrealized foreign exchange and financial instruments loss 11 33 31 25
Share of earnings from equity-accounted investments 0 (6) (32) (6)
Deferred income tax expense 14 4 34 13
Other non-cash items 33 9 50 24
Dividends received from equity-accounted investments 14 12 28 14
Changes in due to or from related parties (41) (9) (36) 12
Net change in working capital balances 28 (31) 2 (63)
Cash flows from (used in) operating activities 368 263 739 563
Financing activities        
Corporate credit facilities, net (26) 173 (721) 180
Proceeds from non-recourse borrowings 852 299 945 1,390
Repayment of non-recourse borrowings (573) (298) (666) (1,840)
Capital contributions from participating non-controlling interests - in operating subsidiaries 10 0 257 4
Issuance of preferred limited partnership units 0 0 126 196
Repurchase of LP Units 0 (8) (1) (8)
Distributions paid:        
To participating non-controlling interests - in operating subsidiaries (262) (181) (396) (357)
To preferred shareholders (7) (6) (13) (13)
To preferred limited partners' unitholders (11) (10) (20) (18)
To unitholders of Brookfield Renewable or BRELP (171) (161) (342) (321)
Borrowings from related party 322 200 922 200
Repayments to related party (355) 0 (600) 0
Cash flows from (used in) financing activities (221) 8 (509) (587)
Investing activities        
Investment in equity accounted investments (4) (420) (4) (420)
Acquisitions net of cash and cash equivalents in acquired entity (26) 0 (26) (12)
Investment in property, plant and equipment (34) (42) (63) (94)
Proceeds from disposal of assets 82 0 82 0
(Investment in) disposal of securities (79) (13) (74) 25
Restricted cash and other 66 49 11 (29)
Cash flows from (used in) investing activities 5 (426) (74) (530)
Foreign exchange gain (loss) on cash 1 (12) 1 (8)
Cash and cash equivalents        
Increase (decrease) 153 (167) 157 (562)
Net change in cash classified within assets held for sale (8) 0 (8) 0
Balance, beginning of period 177 404 173 799
Balance, end of period 322 237 322 237
Supplemental cash flow information:        
Interest paid 176 185 319 315
Interest received 6 5 10 12
Income taxes paid $ 18 $ 10 $ 37 $ 23