XML 120 R95.htm IDEA: XBRL DOCUMENT v3.22.0.1
SEGMENTED INFORMATION - FFO reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Disclosure of operating segments [line items]      
Revenues $ 4,096 $ 3,810 $ 3,971
Other income 304 128 105
Direct operating costs [1] (1,365) (1,274) (1,263)
Share of revenue, other income and direct operating costs from equity-accounted investments 142 98 80
Management service costs (288) (235) (135)
Interest expense (981) (976) (1,001)
Current (43) (66) (70)
Preferred limited partners equity (55) (54) (44)
Preferred equity (26) (25) (26)
Perpetual subordinated notes (12)    
Share of interest and cash taxes from equity-accounted investments (65) (37) (27)
Share of Funds From Operations attributable to non-controlling interests (773) (562) (829)
Depreciation (1,501) (1,367) (1,271)
Foreign exchange and financial instruments gain (loss) (32) 127 (36)
Deferred income tax (recovery) expense 29 213 27
Other (307) (432) (276)
Share of earnings from equity-accounted investments (55) (34) (24)
Net income attributable to non-controlling interests 564 382 716
Net income (loss) attributable to Unitholders (368) (304) (103)
Share of net income 22 27 29
Net income attributable to participating non-controlling interests 209 180 113
Hydroelectric      
Disclosure of operating segments [line items]      
Revenues 2,150 2,105 2,361
Wind      
Disclosure of operating segments [line items]      
Revenues 1,074 915 928
Solar      
Disclosure of operating segments [line items]      
Revenues 563 539 494
Energy transition      
Disclosure of operating segments [line items]      
Revenues 309 251 188
Attributable to Unitholders      
Disclosure of operating segments [line items]      
Revenues 2,415 2,047 2,021
Other income 301 284 88
Direct operating costs (840) (717) (665)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0
Adjusted EBITDA 1,876 1,614 1,444
Management service costs (288) (217) (116)
Interest expense (538) (485) (466)
Current (23) (26) (31)
Preferred limited partners equity (55) (54) (44)
Preferred equity (26) (25) (26)
Perpetual subordinated notes (12)    
Share of interest and cash taxes from equity-accounted investments 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0
Funds From Operations 934 807 761
Depreciation (922) (756) (643)
Foreign exchange and financial instruments gain (loss) (129) (35) (30)
Deferred income tax (recovery) expense 133 175 30
Other (384) (495) (221)
Share of earnings from equity-accounted investments 0 0 0
Net income attributable to non-controlling interests 0 0 0
Net income (loss) attributable to Unitholders (368) (304) (103)
Attributable to Unitholders | Hydroelectric | North America      
Disclosure of operating segments [line items]      
Revenues 804 824 905
Other income 27 39 3
Direct operating costs (303) (301) (286)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0
Adjusted EBITDA 528 562 622
Management service costs 0 0 0
Interest expense (147) (143) (156)
Current (1) 1 (7)
Preferred limited partners equity 0 0 0
Preferred equity 0 0 0
Perpetual subordinated notes 0    
Share of interest and cash taxes from equity-accounted investments 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0
Funds From Operations 380 420 459
Attributable to Unitholders | Hydroelectric | Brazil      
Disclosure of operating segments [line items]      
Revenues 169 175 234
Other income 36 54 19
Direct operating costs (50) (52) (72)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0
Adjusted EBITDA 155 177 181
Management service costs 0 0 0
Interest expense (16) (18) (20)
Current (8) (7) (11)
Preferred limited partners equity 0 0 0
Preferred equity 0 0 0
Perpetual subordinated notes 0    
Share of interest and cash taxes from equity-accounted investments 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0
Funds From Operations 131 152 150
Attributable to Unitholders | Hydroelectric | Colombia      
Disclosure of operating segments [line items]      
Revenues 224 211 237
Other income 14 12 0
Direct operating costs (79) (92) (93)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0
Adjusted EBITDA 159 131 144
Management service costs 0 0 0
Interest expense (28) (30) (34)
Current (3) (11) (9)
Preferred limited partners equity 0 0 0
Preferred equity 0 0 0
Perpetual subordinated notes 0    
Share of interest and cash taxes from equity-accounted investments 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0
Funds From Operations 128 90 101
Attributable to Unitholders | Wind | North America      
Disclosure of operating segments [line items]      
Revenues 370 263 223
Other income 27 11 2
Direct operating costs (120) (78) (62)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0
Adjusted EBITDA 277 196 163
Management service costs 0 0 0
Interest expense (77) (73) (66)
Current 0 0 1
Preferred limited partners equity 0 0 0
Preferred equity 0 0 0
Perpetual subordinated notes 0    
Share of interest and cash taxes from equity-accounted investments 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0
Funds From Operations 200 123 98
Attributable to Unitholders | Wind | Brazil      
Disclosure of operating segments [line items]      
Revenues 29 27 37
Other income 1 3 0
Direct operating costs (7) (6) (9)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0
Adjusted EBITDA 23 24 28
Management service costs 0 0 0
Interest expense (5) (6) (8)
Current (1) (1) (1)
Preferred limited partners equity 0 0 0
Preferred equity 0 0 0
Perpetual subordinated notes 0    
Share of interest and cash taxes from equity-accounted investments 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0
Funds From Operations 17 17 19
Attributable to Unitholders | Wind | Europe      
Disclosure of operating segments [line items]      
Revenues 125 105 95
Other income 98 26 4
Direct operating costs (36) (35) (32)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0
Adjusted EBITDA 187 96 67
Management service costs 0 0 0
Interest expense (19) (15) (17)
Current (4) (2) (2)
Preferred limited partners equity 0 0 0
Preferred equity 0 0 0
Perpetual subordinated notes 0    
Share of interest and cash taxes from equity-accounted investments 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0
Funds From Operations 164 79 48
Attributable to Unitholders | Wind | Asia      
Disclosure of operating segments [line items]      
Revenues 32 28 20
Other income 0 3 0
Direct operating costs (8) (6) (4)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0
Adjusted EBITDA 24 25 16
Management service costs 0 0 0
Interest expense (8) (6) (5)
Current (1) (1) (1)
Preferred limited partners equity 0 0 0
Preferred equity 0 0 0
Perpetual subordinated notes 0    
Share of interest and cash taxes from equity-accounted investments 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0
Funds From Operations 15 18 10
Attributable to Unitholders | Solar      
Disclosure of operating segments [line items]      
Revenues 348 245 138
Other income 39 50 16
Direct operating costs (89) (63) (28)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0
Adjusted EBITDA 298 232 126
Management service costs 0 0 0
Interest expense (111) (90) (52)
Current (2) (3) 0
Preferred limited partners equity 0 0 0
Preferred equity 0 0 0
Perpetual subordinated notes 0    
Share of interest and cash taxes from equity-accounted investments 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0
Funds From Operations 185 139 74
Attributable to Unitholders | Energy transition      
Disclosure of operating segments [line items]      
Revenues 314 169 132
Other income 18 22 11
Direct operating costs (118) (61) (56)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0
Adjusted EBITDA 214 130 87
Management service costs 0 0 0
Interest expense (49) (25) (16)
Current (3) (2) (1)
Preferred limited partners equity 0 0 0
Preferred equity 0 0 0
Perpetual subordinated notes 0    
Share of interest and cash taxes from equity-accounted investments 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0
Funds From Operations 162 103 70
Attributable to Unitholders | Corporate      
Disclosure of operating segments [line items]      
Revenues 0 0 0
Other income 41 64 33
Direct operating costs (30) (23) (23)
Share of revenue, other income and direct operating costs from equity-accounted investments 0 0 0
Adjusted EBITDA 11 41 10
Management service costs (288) (217) (116)
Interest expense (78) (79) (92)
Current 0 0 0
Preferred limited partners equity (55) (54) (44)
Preferred equity (26) (25) (26)
Perpetual subordinated notes (12)    
Share of interest and cash taxes from equity-accounted investments 0 0 0
Share of Funds From Operations attributable to non-controlling interests 0 0 0
Funds From Operations (448) (334) (268)
Contribution from equity-accounted investments      
Disclosure of operating segments [line items]      
Revenues (163) (72) (79)
Other income (11) (29) (8)
Direct operating costs 75 34 34
Share of revenue, other income and direct operating costs from equity-accounted investments 99 67 53
Adjusted EBITDA 0 0 0
Management service costs 0 0 0
Interest expense 29 20 13
Current 3 4 2
Preferred limited partners equity 0 0 0
Preferred equity 0 0 0
Perpetual subordinated notes 0    
Share of interest and cash taxes from equity-accounted investments (32) (24) (15)
Share of Funds From Operations attributable to non-controlling interests 0 0 0
Funds From Operations 0 0 0
Depreciation 38 21 13
Foreign exchange and financial instruments gain (loss) (2) 8 (2)
Deferred income tax (recovery) expense 5 (6) 0
Other 14 11 9
Share of earnings from equity-accounted investments (55) (34) (20)
Net income attributable to non-controlling interests 0 0 0
Net income (loss) attributable to Unitholders 0 0 0
Attributable to non-controlling interests      
Disclosure of operating segments [line items]      
Revenues 1,844 1,835 2,029
Other income 14 (127) 25
Direct operating costs (600) (591) (632)
Share of revenue, other income and direct operating costs from equity-accounted investments 43 31 27
Adjusted EBITDA 1,301 1,148 1,449
Management service costs 0 (18) (19)
Interest expense (472) (511) (548)
Current (23) (44) (41)
Preferred limited partners equity 0 0 0
Preferred equity 0 0 0
Perpetual subordinated notes 0    
Share of interest and cash taxes from equity-accounted investments (33) (13) (12)
Share of Funds From Operations attributable to non-controlling interests (773) (562) (829)
Funds From Operations 0 0 0
Depreciation (617) (632) (641)
Foreign exchange and financial instruments gain (loss) 99 154 (4)
Deferred income tax (recovery) expense (109) 44 (3)
Other 63 52 (64)
Share of earnings from equity-accounted investments 0 0 (4)
Net income attributable to non-controlling interests 564 382 716
Net income (loss) attributable to Unitholders $ 0 $ 0 $ 0
[1] Direct operating costs exclude depreciation expense disclosed below.