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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ (66) $ (45) $ 80
Adjustments for the following non-cash items:      
Depreciation 1,501 1,367 1,271
Unrealized foreign exchange and financial instrument (gain) loss 122 (134) 32
Share of earnings from equity-accounted investments (22) (27) (29)
Deferred income tax (recovery) expense (29) (213) (27)
Other non-cash items (136) 388 231
Dividends received from equity-accounted investments 78 56 16
Cash flows from (used in) operations before changes in related parties and working capital balances 1,448 1,392 1,574
Changes in due to or from related parties 2 59 33
Net change in working capital balances (716) (155) (53)
Cash flows from (used in) operating activities 734 1,296 1,554
Financing activities      
Proceeds from medium term notes 0 570 449
Repayment of medium term notes 0 (304) (341)
Corporate credit facilities, net 0 (299) (422)
Commercial paper, net (3) 3 0
Proceeds from non-recourse borrowings 6,877 3,205 4,318
Repayment of non-recourse borrowings (3,649) (3,380) (3,495)
Repayment of lease liabilities (29) (28) (31)
Capital contributions from participating non-controlling interests – in operating subsidiaries 1,200 514 705
Capital repaid to participating non-controlling interests – in operating subsidiaries (511) (147) (113)
Issuance of equity instruments and related costs 592 151 126
Redemption and repurchase of equity instruments (153) 0 (1)
Distributions paid:      
To participating non-controlling interests – in operating subsidiaries, preferred shareholders, preferred limited partners unitholders, and perpetual subordinate notes (900) (628) (913)
To unitholders of Brookfield Renewable or BRELP and shareholders of Brookfield Renewable Corporation (854) (769) (684)
Borrowings from related party 1,188 320 936
Repayments to related party (1,615) 0 (936)
Cash flows from (used in) financing activities 2,143 (792) (402)
Investing activities      
Acquisitions, net of cash and cash equivalents, in acquired entity (1,426) (105) (983)
Investment in equity-accounted investments (54) (23) (144)
Investment in property, plant and equipment (1,967) (447) (460)
Proceeds from disposal of assets, net of cash and cash equivalents disposed 827 269 291
Purchase of financial assets (58) (445) (138)
Proceeds from financial assets 220 257 145
Restricted cash and other (46) 68 78
Cash flows from (used in) investing activities (2,504) (426) (1,211)
Foreign exchange (loss) gain on cash (35) 13 (6)
Cash and cash equivalents (decrease) increase 338 91 (65)
Net change in cash classified within assets held for sale (5) (12) (5)
Balance, beginning of year 431 352 422
Balance, end of year 764 431 352
Supplemental Cash Flow Information [Abstract]      
Interest paid 870 872 930
Interest received 45 28 19
Income taxes paid $ 71 $ 70 $ 72