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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income $ 3,157 $ 3,654 $ 2,468
Share of equity accounted earnings, net of distributions (1,499) (429) (592)
Fair value (gains), net (596) (2,466) (1,254)
Deferred income tax expense (benefit) 32 (218) 20
Depreciation and amortization 341 308 275
Working capital and other (811) 508 (278)
Cash flows from (used in) operating activities 624 1,357 639
Financing activities      
Debt obligations, issuance 23,797 29,804 17,154
Debt obligations, repayments (21,127) (19,936) (14,124)
Capital securities, issued 0 0 249
Capital securities, redeemed (420) (905) (297)
Proceeds from issue of preference shares 420 0 0
Non-controlling interests, issued 1,432 3,180 2,391
Non-controlling interests, purchased (15) 0 (480)
Repayment of lease liabilities (17) 0 0
Limited partnership units, issued 13 501 0
Preferred Dividends 15 0 0
Cash flows from (used in) financing activities (892) 8,873 1,248
Acquisitions      
Investment properties (4,549) (2,293) (1,944)
Property, plant and equipment (372) (478) (250)
Equity accounted investments (684) (622) (1,060)
Financial assets and other (2,120) (1,982) (501)
Acquisition of subsidiaries 0 (12,035) (3,897)
Dispositions      
Investment properties 4,200 5,619 3,823
Property, plant and equipment 17 522 0
Equity accounted investments 1,109 1,140 1,006
Financial assets and other 1,775 1,952 71
Disposition of subsidiaries 43 (21) (89)
Cash impact of deconsolidation (1,132) (100) 905
Restricted cash and deposits 102 (108) 50
Cash flows from (used in) investing activities (1,611) (8,406) (1,886)
Cash and cash equivalents      
Net change in cash and cash equivalents during the year (1,879) 1,824 1
Effect of exchange rate fluctuations on cash and cash equivalents held in foreign currencies 29 (27) 34
Balance, beginning of year 3,288 1,491 1,456
Balance, end of year 1,438 3,288 1,491
Cash paid for:      
Income taxes 253 236 82
Interest (excluding dividends on capital securities) 2,476 2,253 1,567
Limited partners      
Operating activities      
Net income 884 764 136
Financing activities      
Repurchased units (452) (81) (136)
Distributions (573) (410) (301)
Preferred Dividends 15    
Class A shares of Brookfield Property REIT Inc.      
Financing activities      
Repurchased units (102) 0 0
Distributions (108) (89) 0
Interests of others in operating subsidiaries and properties      
Financing activities      
Distributions (3,140) (2,631) (2,679)
Preferred distributions      
Financing activities      
Distributions (15) 0 0
Redeemable/ exchangeable and special limited partnership units      
Financing activities      
Distributions (580) (551) (516)
Limited partnership units of Brookfield Office Properties Exchange LP      
Financing activities      
Distributions (4) (9) (13)
FV LTIP units of the Operating Partnership      
Financing activities      
Distributions $ (1) $ 0 $ 0