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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income (loss) $ 434 $ 1,203 $ 215
Adjusted for the following items:      
Equity accounted earnings, net of distributions (52) 19 (69)
Impairment expense, net 609 218 39
Depreciation and amortization expense 1,804 748 371
Gain on acquisitions/dispositions, net (726) (500) (267)
Provisions and other items 110 10 114
Deferred income tax expense (recovery) (132) (88) (22)
Changes in non-cash working capital, net 116 (269) (451)
Cash from operating activities 2,163 1,341 (70)
Financing Activities      
Proceeds from non-recourse borrowings in subsidiaries of the partnership 15,164 6,860 1,694
Repayment of non-recourse borrowings in subsidiaries of the partnership (3,786) (2,292) (1,345)
Proceeds from other financing 1,750 0 0
Repayment of other financing (42) 0 0
Proceeds from other credit facilities, net 321 (48) 360
Lease liability repayment (182)    
Capital provided by limited partners and Redemption-Exchange Unitholders 815 0 621
Capital provided by others who have interests in operating subsidiaries 4,151 1,395 897
Capital paid to others who have interests in operating subsidiaries (462) 0 0
Distributions to limited partners and Redemption-Exchange Unitholders (35) (32) (31)
Distributions to Special Limited Partners Unitholders 0 (327) (95)
Distributions to others who have interests in operating subsidiaries (1,769) (1,995) (388)
Cash from (used in) financing activities 15,925 3,561 1,713
Acquisitions      
Subsidiaries, net of cash acquired (18,498) (3,422) (1,668)
Property, plant and equipment and intangible assets (1,205) (545) (240)
Equity accounted investments (25) (9) (208)
Financial assets and other (73) (465) (290)
Dispositions      
Subsidiaries, net of cash disposed 1,393 0 383
Property, plant and equipment 62 111 17
Equity accounted investments 43 371 60
Financial assets and other 262 8 259
Net settlement of hedges 32 23  
Net settlement of hedges     (12)
Restricted cash and deposits 70 (71) 104
Cash from (used in) investing activities (17,939) (3,999) (1,595)
Cash      
Change during the period 149 903 48
Impact of foreign exchange on cash (10) (60) 8
Net change in cash reclassified as assets held for sale (102) 0 0
Balance, beginning of year 1,949 1,106 1,050
Balance, end of year $ 1,986 $ 1,949 $ 1,106