SEGMENTED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2021

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 (loss) 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, 2021:

	Attributable to Unitholders																						Contribution from equity-accounted investments		Attributable to non-controlling interests		As per IFRS financials(1)
	Hydroelectric						Wind								Solar		Energy transition		Corporate		Total
(MILLIONS)	North America		Brazil		Colombia		North America		Europe		Brazil		Asia
Revenues	$	804	$	169	$	224	$	370	$	125	$	29	$	32	$	348	$	314	$	—	$	2,415	$	(163)	$	1,844	$	4,096
Other income	27		36		14		27		98		1		—		39		18		41		301		(11)		14		304
Direct operating costs	(303)		(50)		(79)		(120)		(36)		(7)		(8)		(89)		(118)		(30)		(840)		75		(600)		(1,365)
Share of revenue, other income and direct operating costs from equity-accounted investments	—		—		—		—		—		—		—		—		—		—		—		99		43		142
	528		155		159		277		187		23		24		298		214		11		1,876		—		1,301
Management service costs	—		—		—		—		—		—		—		—		—		(288)		(288)		—		—		(288)
Interest expense	(147)		(16)		(28)		(77)		(19)		(5)		(8)		(111)		(49)		(78)		(538)		29		(472)		(981)
Current income taxes	(1)		(8)		(3)		—		(4)		(1)		(1)		(2)		(3)		—		(23)		3		(23)		(43)
Distributions attributable to
Preferred limited partners equity	—		—		—		—		—		—		—		—		—		(55)		(55)		—		—		(55)
Preferred equity	—		—		—		—		—		—		—		—		—		(26)		(26)		—		—		(26)
Perpetual subordinated notes	—		—		—		—		—		—		—		—		—		(12)		(12)		—		—		(12)
Share of interest and cash taxes from equity-accounted investments	—		—		—		—		—		—		—		—		—		—		—		(32)		(33)		(65)
Share of Funds From Operations attributable to non-controlling interests	—		—		—		—		—		—		—		—		—		—		—		—		(773)		(773)
Funds From Operations	380		131		128		200		164		17		15		185		162		(448)		934		—		—
Depreciation																					(922)		38		(617)		(1,501)
Foreign exchange and financial instrument loss																					(129)		(2)		99		(32)
Deferred income tax recovery																					133		5		(109)		29
Other																					(384)		14		63		(307)
Share of earnings from equity-accounted investments																					—		(55)		—		(55)
Net income attributable to non-controlling interests																					—		—		564		564
Net income (loss) attributable to Unitholders(2)																					$	(368)	$	—	$	—	$	(368)

(1)Share of earnings from equity-accounted investments of $22 million is comprised of amounts found on the Share of revenue, other income and direct operating costs, Share of interest and cash taxes and Share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $209 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, BEPC exchangeable shares and LP units. Total net income (loss) includes amounts attributable to Unitholders, non-controlling interests, preferred limited partners equity, preferred equity, and perpetual subordinated notes.

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 (loss) 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, 2020:

	Attributable to Unitholders																						Contribution from equity-accounted investments		Attributable to non-controlling interests		As per IFRS financials(1)
	Hydroelectric						Wind								Solar		Energy transition		Corporate		Total
(MILLIONS)	North America		Brazil		Colombia		North America		Europe		Brazil		Asia
Revenues	$	824	$	175	$	211	$	263	$	105	$	27	$	28	$	245	$	169	$	—	$	2,047	$	(72)	$	1,835	3,810
Other income	39		54		12		11		26		3		3		50		22		64		284		(29)		(127)		128
Direct operating costs	(301)		(52)		(92)		(78)		(35)		(6)		(6)		(63)		(61)		(23)		(717)		34		(591)		(1,274)
Share of revenue, other income and opex from equity-accounted investments	—		—		—		—		—		—		—		—		—		—		—		67		31		98
	562		177		131		196		96		24		25		232		130		41		1,614		—		1,148
Management service costs	—		—		—		—		—		—		—		—		—		(217)		(217)		—		(18)		(235)
Interest expense	(143)		(18)		(30)		(73)		(15)		(6)		(6)		(90)		(25)		(79)		(485)		20		(511)		(976)
Current income taxes	1		(7)		(11)		—		(2)		(1)		(1)		(3)		(2)		—		(26)		4		(44)		(66)
Distributions attributable to
Preferred limited partners equity	—		—		—		—		—		—		—		—		—		(54)		(54)		—		—		(54)
Preferred equity	—		—		—		—		—		—		—		—		—		(25)		(25)		—		—		(25)
Share of interest and cash taxes from equity-accounted investments	—		—		—		—		—		—		—		—		—		—		—		(24)		(13)		(37)
Share of Funds From Operations attributable to non-controlling interests	—		—		—		—		—		—		—		—		—		—		—		—		(562)		(562)
Funds From Operations	420		152		90		123		79		17		18		139		103		(334)		807		—		—
Depreciation																					(756)		21		(632)		(1,367)
Foreign exchange and financial instrument loss																					(35)		8		154		127
Deferred income tax expense																					175		(6)		44		213
Other																					(495)		11		52		(432)
Share of earnings from equity-accounted investments																					—		(34)		—		(34)
Net income attributable to non-controlling interests																					—		—		382		382
Net income (loss) attributable to Unitholders(2)																					$	(304)	$	—	$	—	$	(304)

(1)Share of earnings from equity-accounted investments of $27 million is comprised of amounts found on the Share of revenue, other income and direct operating costs, Share of interest and cash taxes and Share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $180 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 (loss) 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		Energy transition		Corporate		Total
(MILLIONS)	North America		Brazil		Colombia		North America		Europe		Brazil		Asia
Revenues	$	905	$	234	$	237	$	223	$	95	$	37	$	20	$	138	$	132	$	—	$	2,021	$	(79)	$	2,029	3,971
Other income	3		19		—		2		4		—		—		16		11		33		88		(8)		25		105
Direct operating costs	(286)		(72)		(93)		(62)		(32)		(9)		(4)		(28)		(56)		(23)		(665)		34		(632)		(1,263)
Share of revenue, other income and direct operating costs from equity-accounted investments	—		—		—		—		—		—		—		—		—		—		—		53		27		80
	622		181		144		163		67		28		16		126		87		10		1,444		—		1,449
Management service costs	—		—		—		—		—		—		—		—		—		(116)		(116)		—		(19)		(135)
Interest expense	(156)		(20)		(34)		(66)		(17)		(8)		(5)		(52)		(16)		(92)		(466)		13		(548)		(1,001)
Current income taxes	(7)		(11)		(9)		1		(2)		(1)		(1)		—		(1)		—		(31)		2		(41)		(70)
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	—		—		—		—		—		—		—		—		—		—		—		(15)		(12)		(27)
Share of Funds From Operations attributable to non-controlling interests	—		—		—		—		—		—		—		—		—		—		—		—		(829)		(829)
Funds From Operations	459		150		101		98		48		19		10		74		70		(268)		761		—		—
Depreciation																					(643)		13		(641)		(1,271)
Foreign exchange and financial instrument loss																					(30)		(2)		(4)		(36)
Deferred income tax expense																					30		—		(3)		27
Other																					(221)		9		(64)		(276)
Share of earnings from equity-accounted investments																					—		(20)		(4)		(24)
Net income attributable to non-controlling interests																					—		—		716		716
Net income (loss) attributable to Unitholders(2)																					$	(103)	$	—	$	—	$	(103)

(1)Share of earnings from equity-accounted investments of $29 million is comprised of amounts found on the Share of revenue, other income and direct operating costs, Share of interest and cash taxes and Share of earnings lines. Net income attributable to participating non-controlling interests – in operating subsidiaries of $113 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 our company’s consolidated statements of financial position and reconciles our proportionate balances to the consolidated statements of financial position basis by aggregating the components comprising Brookfield Renewable's investments in associates and reflecting the portion of each line item attributable to non-controlling interests:

	Attributable to Unitholders																						Contribution from equity-accounted investments		Attributable to non-controlling interests		As per IFRS financials
	Hydroelectric						Wind								Solar		Energy transition		Corporate		Total
(MILLIONS)	North America		Brazil		Colombia		North America		Europe		Brazil		Asia
As at December 31, 2021
Cash and cash equivalents	$	41	$	4	$	16	$	30	$	46	$	5	$	6	$	104	$	43	$	245	$	540	$	(28)	$	252	$	764
Property, plant and equipment, at fair value	15,188		1,680		2,032		3,286		676		277		266		3,355		2,183		—		28,943		(1,111)		21,600		49,432
Total assets	16,322		1,833		2,277		3,665		842		292		342		3,746		2,500		292		32,111		(518)		24,274		55,867
Total borrowings	4,126		261		526		1,628		474		74		195		2,736		996		2,156		13,172		(351)		8,708		21,529
Other liabilities	4,499		91		644		771		218		8		52		435		227		303		7,248		(167)		3,261		10,342
For the year ended December 31, 2021
Additions to property, plant and equipment	113		85		130		88		22		10		1		197		31		6		683		(12)		1,576		2,247
As at December 31, 2020
Cash and cash equivalents	$	38	$	6	$	6	$	36	$	60	$	1	$	3	$	86	$	48	$	7	$	291	$	(20)	$	160	$	431
Property, plant and equipment, at fair value	12,983		1,544		1,965		3,606		1,095		274		175		3,548		1,880		—		27,070		(940)		18,460		44,590
Total assets	13,628		1,751		2,201		3,801		1,267		292		272		3,985		2,101		100		29,398		(387)		20,711		49,722
Total borrowings	3,439		245		439		1,680		669		66		125		2,534		864		2,143		12,204		(332)		6,210		18,082
Other liabilities	3,232		153		556		773		220		8		22		568		211		784		6,527		(55)		3,401		9,873
For the year ended December 31, 2020
Additions to property, plant and equipment(1)	307		65		5		70		29		1		—		146		48		4		675		(17)		310		968

(1)Brookfield Renewable exercised the option to buyout the lease on its 192 MW hydroelectric facility in Louisiana and recognized a $247 million adjustment ($185 million net to Brookfield Renewable) to its corresponding right-of-use asset.

Summary of consolidated revenue split by geographical region

The following table presents consolidated revenue split by reportable segment for the year ended December 31:

(MILLIONS)	2021		2020		2019
Hydroelectric
North America	$	1,044	$	1,030	$	1,123
Brazil	177		201		259
Colombia	929		874		979
	2,150		2,105		2,361
Wind
North America	656		494		474
Europe	189		237		273
Brazil	109		79		110
Asia	120		105		71
	1,074		915		928
Solar	563		539		494
Energy transition	309		251		188
Total	$	4,096	$	3,810	$	3,971

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 geography:

(MILLIONS)	December 31, 2021		December 31, 2020
United States	$	26,713	$	22,955
Colombia	8,497		8,150
Canada	5,534		4,880
Brazil	3,860		3,308
Europe	4,440		5,417
Asia	1,495		851
	$	50,539	$	45,561