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SEGMENTED INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure of operating segments [abstract]  
Summary of Adjusted EBITDA and Funds From Operations
The following table provides each segment’s results in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable’s proportionate results to the consolidated statements of income on a line by line basis by aggregating the components comprising the earnings from Brookfield Renewable’s investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the year ended December 31, 2019:
 
Attributable to Unitholders
 
Contribution
from
equity
accounted
investments

 
Attributable
to non-
controlling
interests

 
As per
IFRS
financials(1)

 
Hydroelectric
 
Wind
 
Solar

 
Storage
and
Other

 
Corporate

 
Total

 
(MILLIONS)
North
America

 
Brazil

 
Colombia

 
North
America

 
Europe

 
Brazil

 
Asia

 
 
Revenues
905

 
234

 
237

 
223

 
95

 
37

 
20

 
183

 
87

 
—

 
2,021

 
(379
)
 
1,338

 
2,980

Other income
13

 
19

 
—

 
2

 
4

 
—

 
—

 
17

 
—

 
33

 
88

 
(17
)
 
(14
)
 
57

Direct operating costs
(286
)
 
(72
)
 
(93
)
 
(62
)
 
(32
)
 
(9
)
 
(4
)
 
(38
)
 
(46
)
 
(23
)
 
(665
)
 
108

 
(455
)
 
(1,012
)
Share of Adjusted EBITDA from equity accounted investments
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
288

 
26

 
314

Adjusted EBITDA
632

 
181

 
144

 
163

 
67

 
28

 
16

 
162

 
41

 
10

 
1,444

 
—

 
895

 


Management service costs
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(108
)
 
(108
)
 
—

 
—

 
(108
)
Interest expense - borrowings
(156
)
 
(20
)
 
(34
)
 
(66
)
 
(17
)
 
(8
)
 
(5
)
 
(59
)
 
(13
)
 
(92
)
 
(470
)
 
104

 
(316
)
 
(682
)
Current income taxes
(7
)
 
(11
)
 
(9
)
 
(3
)
 
(2
)
 
(1
)
 
(1
)
 
—

 
(1
)
 
—

 
(35
)
 
9

 
(39
)
 
(65
)
Distributions attributable to
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred limited partners equity
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(44
)
 
(44
)
 
—

 
—

 
(44
)
Preferred equity
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(26
)
 
(26
)
 
—

 
—

 
(26
)
Share of interest and cash taxes from equity accounted investments
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(113
)
 
(12
)
 
(125
)
Share of Funds From Operations attributable to non-controlling interests
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(528
)
 
(528
)
Funds From Operations
469

 
150

 
101

 
94

 
48

 
19

 
10

 
103

 
27

 
(260
)
 
761

 
—

 
—

 
 
Depreciation
(227
)
 
(84
)
 
(21
)
 
(157
)
 
(47
)
 
(17
)
 
(5
)
 
(65
)
 
(23
)
 
(4
)
 
(650
)
 
155

 
(303
)
 
(798
)
Foreign exchange and unrealized financial instrument loss
11

 
(5
)
 
(2
)
 
(2
)
 
(10
)
 
(3
)
 
1

 
1

 
(3
)
 
(18
)
 
(30
)
 
9

 
(12
)
 
(33
)
Deferred income tax recovery
(27
)
 
4

 
(4
)
 
24

 
11

 
—

 
—

 
15

 
—

 
46

 
69

 
(41
)
 
(14
)
 
14

Other
(76
)
 
(6
)
 
(2
)
 
(23
)
 
(9
)
 
2

 
—

 
(49
)
 
—

 
(46
)
 
(209
)
 
55

 
63

 
(91
)
Share of earnings from equity accounted investments
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(178
)
 
—

 
(178
)
Net income attributable to non-controlling interests
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
266

 
266

Net income (loss) attributable to Unitholders(2)
150

 
59

 
72

 
(64
)
 
(7
)
 
1

 
6

 
5

 
1

 
(282
)
 
(59
)
 
—

 
—

 
(59
)
(1) 
Share of earnings from equity-accounted investments of $11 million is comprised of amounts found on the share of Adjusted EBITDA, share of interest and cash taxes and share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $262 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net Income attributable to non-controlling interests.
(2) 
Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units and LP Units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity and preferred equity.
The following table provides each segment’s results in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable’s proportionate results to the consolidated statements of income on a line by line basis by aggregating the components comprising the earnings from Brookfield Renewable’s investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the year ended December 31, 2018:
 
Attributable to Unitholders
 
Contribution
from
equity
accounted
investments

 
Attributable
to non-
controlling
interests

 
As per
IFRS
financials(1)

 
Hydroelectric
 
Wind
 
Solar

 
Storage
and
Other

 
Corporate

 
Total

 
(MILLIONS)
North
America

 
Brazil

 
Colombia

 
North
America

 
Europe

 
Brazil

 
Asia

 
 
Revenues
$
893

 
$
244

 
$
216

 
$
219

 
$
73

 
$
42

 
$
12

 
$
146

 
$
85

 
$
—

 
$
1,930

 
$
(286
)
 
$
1,338

 
$
2,982

Other income
12

 
5

 
4

 
2

 
11

 
—

 
—

 
5

 
—

 
7

 
46

 
(7
)
 
11

 
50

Direct operating costs
(286
)
 
(76
)
 
(94
)
 
(64
)
 
(27
)
 
(9
)
 
(4
)
 
(34
)
 
(36
)
 
(23
)
 
(653
)
 
86

 
(469
)
 
(1,036
)
Share of Adjusted EBITDA from equity accounted investments
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
207

 
20

 
227

Adjusted EBITDA
619

 
173

 
126

 
157

 
57

 
33

 
8

 
117

 
49

 
(16
)
 
1,323

 
—

 
900

 


Management service costs
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(80
)
 
(80
)
 
—

 
—

 
(80
)
Interest expense - borrowings
(172
)
 
(22
)
 
(38
)
 
(63
)
 
(17
)
 
(9
)
 
(4
)
 
(45
)
 
(17
)
 
(99
)
 
(486
)
 
82

 
(301
)
 
(705
)
Current income taxes
(4
)
 
(9
)
 
(2
)
 
(1
)
 
(2
)
 
—

 
1

 
—

 
—

 
—

 
(17
)
 
3

 
(16
)
 
(30
)
Distributions attributable to
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred limited partners equity
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(38
)
 
(38
)
 
—

 
—

 
(38
)
Preferred equity
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(26
)
 
(26
)
 
—

 
—

 
(26
)
Share of interest and cash taxes from equity accounted investments
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(85
)
 
(12
)
 
(97
)
Share of Funds From Operations attributable to non-controlling interests
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(571
)
 
(571
)
Funds From Operations
443

 
142

 
86

 
93

 
38

 
24

 
5

 
72

 
32

 
(259
)
 
676

 
—

 
—

 
 
Depreciation
(231
)
 
(136
)
 
(18
)
 
(122
)
 
(43
)
 
(13
)
 
(2
)
 
(40
)
 
(23
)
 
(2
)
 
(630
)
 
96

 
(285
)
 
(819
)
Foreign exchange and unrealized financial instrument loss
(1
)
 
(1
)
 
7

 
2

 
9

 
(10
)
 
3

 
(9
)
 
(2
)
 
—

 
(2
)
 
(3
)
 
(29
)
 
(34
)
Deferred income tax expense
(1
)
 
1

 
18

 
20

 
2

 
—

 
—

 
21

 
—

 
24

 
85

 
(50
)
 
54

 
89

Other
(21
)
 
(3
)
 
(6
)
 
(11
)
 
(1
)
 
—

 
(2
)
 
(11
)
 
(9
)
 
(23
)
 
(87
)
 
19

 
(14
)
 
(82
)
Share of earnings from equity accounted investments
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(62
)
 
—

 
(62
)
Net income attributable to non-controlling interests
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
274

 
274

Net income (loss) attributable to Unitholders(2)
$
189

 
$
3

 
$
87

 
$
(18
)
 
$
5

 
$
1

 
$
4

 
$
33

 
$
(2
)
 
$
(260
)
 
$
42

 
$
—

 
$
—

 
$
42

(1) 
Share of earnings from equity-accounted investments of $68 million is comprised of amounts found on the share of Adjusted EBITDA, share of interest and cash taxes and share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $297 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net Income attributable to non-controlling interests.
(2) 
Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units and LP Units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity and preferred equity.
The following table provides each segment’s results in the format that management organizes its segments to make operating decisions and assess performance and reconciles Brookfield Renewable’s proportionate results to the consolidated statements of income on a line by line basis by aggregating the components comprising the earnings from Brookfield Renewable’s investments in associates and reflecting the portion of each line item attributable to non-controlling interests for the year ended December 31, 2017:
 
Attributable to Unitholders
 
Contribution
from
equity
accounted
investments

 
Attributable
to non-
controlling
interests

 
As per
IFRS
financials(1)

 
Hydroelectric
 
Wind
 
 
 
Storage
and
Other

 
Corporate

 
Total

 
(MILLIONS)
North
America

 
Brazil

 
Colombia

 
North
America

 
Europe

 
Brazil

 
Solar

 
 
Revenues
945

 
243

 
191

 
161

 
46

 
26

 
8

 
59

 
—

 
1,679

 
(74
)
 
1,020

 
2,625

Other income
1

 
12

 
2

 
—

 
—

 
—

 
—

 
6

 
19

 
40

 
(11
)
 
18

 
47

Direct operating costs
(281
)
 
(77
)
 
(94
)
 
(42
)
 
(20
)
 
(4
)
 
(2
)
 
(32
)
 
(25
)
 
(577
)
 
28

 
(429
)
 
(978
)
Share of Adjusted EBITDA from equity accounted investments
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
57

 
—

 
57

Adjusted EBITDA
665

 
178

 
99

 
119

 
26

 
22

 
6

 
33

 
(6
)
 
1,142

 
—

 
609

 


Management service costs
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(82
)
 
(82
)
 
—

 
—

 
(82
)
Interest expense - borrowings
(180
)
 
(18
)
 
(42
)
 
(45
)
 
(10
)
 
(6
)
 
(3
)
 
(14
)
 
(89
)
 
(407
)
 
21

 
(246
)
 
(632
)
Current income taxes
1

 
(12
)
 
(5
)
 
—

 
(1
)
 
—

 
(1
)
 
—

 
—

 
(18
)
 
1

 
(22
)
 
(39
)
Distributions attributable to
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred limited partners equity
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(28
)
 
(28
)
 
—

 
—

 
(28
)
Preferred equity
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(26
)
 
(26
)
 
—

 
—

 
(26
)
Share of interest and cash taxes from equity accounted investments
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(22
)
 
—

 
(22
)
Share of Funds From Operations attributable to non-controlling interests
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(341
)
 
(341
)
Funds From Operations
486

 
148

 
52

 
74

 
15

 
16

 
2

 
19

 
(231
)
 
581

 
—

 
—

 


Depreciation
(220
)
 
(142
)
 
(26
)
 
(90
)
 
(25
)
 
(7
)
 
(4
)
 
(25
)
 
—

 
(539
)
 
22

 
(265
)
 
(782
)
Foreign exchange and unrealized financial instrument loss
(12
)
 
(3
)
 
(3
)
 
1

 
(14
)
 
—

 
(1
)
 
—

 
(15
)
 
(47
)
 
2

 
(1
)
 
(46
)
Deferred income tax expense (recovery)
(67
)
 
2

 
(10
)
 
28

 
5

 
—

 
1

 
—

 
16

 
(25
)
 
(3
)
 
(21
)
 
(49
)
Other
(17
)
 
(8
)
 
6

 
(4
)
 
4

 
2

 
(3
)
 
—

 
(6
)
 
(26
)
 
12

 
(1
)
 
(15
)
Share of earnings from equity accounted investments
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(33
)
 
—

 
(33
)
Net income attributable to non-controlling interests
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
288

 
288

Net income (loss) attributable to Unitholders(2)
170

 
(3
)
 
19

 
9

 
(15
)
 
11

 
(5
)
 
(6
)
 
(236
)
 
(56
)
 
—

 
—

 
(56
)
(1) 
Share of earnings from equity-accounted investments of $2 million is comprised of amounts found on the share of Adjusted EBITDA, share of interest and cash taxes and share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $53 million is comprised of amounts found on Share of Funds From Operations attributable to non-controlling interests and Net Income attributable to non-controlling interests.
(2) 
Net income (loss) attributable to Unitholders includes net income (loss) attributable to GP interest, Redeemable/Exchangeable partnership units and LP Units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity and preferred equity.
Summary of segmented basis about certain items in Brookfield Renewables statement of financial position
The following table presents information on a segmented basis about certain items in Brookfield Renewable’s statement of financial position:
 
Attributable to Unitholders
 
Contribution
from
equity
accounted
investments

 
Attributable
to non-
controlling
interests

 
As per
IFRS
financials

 
Hydroelectric 
 
Wind
 
Solar

 
Storage
and
Other

 
Corporate

 
Total

 
(MILLIONS)
North
America

 
Brazil

 
Colombia

 
North
America

 
Europe

 
Brazil

 
Asia

 
 
As at December 31, 2019:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
10

 
$
7

 
$
10

 
$
18

 
$
21

 
$
2

 
$
5

 
$
63

 
$
6

 
$
1

 
$
143

 
$
(89
)
 
$
61

 
$
115

Property, plant and equipment, at fair value
11,488

 
1,938

 
1,773

 
2,556

 
628

 
368

 
187

 
2,018

 
732

 
—

 
21,688

 
(4,147
)
 
13,173

 
30,714

Total assets
12,218

 
2,126

 
2,027

 
2,705

 
692

 
391

 
233

 
2,266

 
780

 
103

 
23,541

 
(2,872
)
 
15,022

 
35,691

Total borrowings
3,070

 
208

 
449

 
1,221

 
326

 
71

 
124

 
1,470

 
235

 
2,107

 
9,281

 
(2,157
)
 
3,880

 
11,004

Other liabilities
2,877

 
148

 
499

 
597

 
100

 
10

 
28

 
335

 
31

 
248

 
4,873

 
(715
)
 
2,398

 
6,556

For the year ended December 31, 2019:
 
 
 
 
 
 
 
 
 
 
 
 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additions to property, plant and equipment
112

 
41

 
13

 
121

 
21

 
3

 
—

 
—

 
26

 
3

 
340

 
(121
)
 
144

 
363

As at December 31, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
6

 
$
37

 
$
7

 
$
30

 
$
29

 
$
5

 
$
2

 
$
41

 
$
9

 
$
3

 
$
169

 
(81
)
 
$
85

 
$
173

Property, plant and equipment, at fair value
11,498

 
1,907

 
1,609

 
2,480

 
819

 
348

 
36

 
1,354

 
686

 
(9
)
 
20,728

 
(3,529
)
 
11,826

 
29,025

Total assets
12,125

 
2,105

 
1,868

 
2,554

 
939

 
379

 
56

 
1,650

 
746

 
161

 
22,583

 
(2,483
)
 
14,003

 
34,103

Total borrowings
2,995

 
198

 
419

 
1,210

 
463

 
75

 
31

 
1,021

 
249

 
2,328

 
8,989

 
(1,972
)
 
3,701

 
10,718

Other liabilities
2,764

 
150

 
434

 
536

 
124

 
7

 
3

 
255

 
31

 
211

 
4,515

 
(511
)
 
2,175

 
6,179

For the year ended December 31, 2018:
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additions to property, plant and equipment
96

 
30

 
7

 
11

 
10

 
—

 
—

 
9

 
3

 
6

 
172

 
(16
)
 
145

 
301
Summary of consolidated revenue split by geographical region
The following table presents consolidated revenue split by geographical region for the year ended December 31:
(MILLIONS)
2019

 
2018

 
2017

United States
$
924

 
$
926

 
$
871

Colombia
979

 
896

 
797

Canada
384

 
428

 
480

Brazil
401

 
429

 
366

Europe
121

 
126

 
111

Asia
171

 
177

 
—

 
$
2,980

 
$
2,982

 
$
2,625
Summary of consolidated property, plant and equipment and equity-accounted investments split by geographical region
The following table presents consolidated property, plant and equipment and equity-accounted investments split by geographical region:
(MILLIONS)
December 31, 2019

 
December 31, 2018

United States
$
13,071

 
$
12,705

Colombia
7,353

 
6,665

Canada
6,149

 
5,705

Brazil
3,631

 
3,553

Europe
1,539

 
1,624

Asia
860

 
342

 
$
32,603

 
$
30,594