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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income (loss) $ 2,153 $ 580 $ 434
Adjusted for the following items:      
Equity accounted earnings, net of distributions 76 (17) (52)
Impairment expense, net 440 263 609
Depreciation and amortization expense 2,283 2,165 1,804
Gain on acquisitions/dispositions, net (1,823) (274) (726)
Provisions and other items 77 282 110
Deferred income tax expense (recovery) (371) (130) (132)
Changes in non-cash working capital, net (1,142) 1,336 116
Cash from operating activities 1,693 4,205 2,163
Financing Activities      
Proceeds from non-recourse subsidiary borrowings of the partnership 10,758 4,357 15,164
Repayment of non-recourse subsidiary borrowings of the partnership (5,031) (5,069) (3,786)
Proceeds from corporate borrowings 2,006 1,742 0
Repayment of corporate borrowings (997) (1,132) 0
Proceeds from other financing 144 174 1,750
Repayment of other financing (130) (111) (42)
Proceeds from (repayment of) other credit facilities, net 343 (520) 321
Lease liability repayment (264) (229) (182)
Capital provided by limited partners and Redemption-Exchange unitholders 0 0 815
Capital provided by others who have interests in operating subsidiaries 3,667 841 4,151
Capital paid to others who have interests in operating subsidiaries (1,336) (56) (462)
Partnership units repurchased (83) (56) 0
Distributions to limited partners and Redemption-Exchange Unitholder (37) (37) (35)
Distributions to Special LP Unitholder (79) 0 0
Distributions to others who have interests in operating subsidiaries (1,898) (981) (1,769)
Cash from (used in) financing activities 7,063 (1,077) 15,925
Acquisitions      
Subsidiaries, net of cash acquired (8,944) 101 (18,498)
Property, plant and equipment and intangible assets (1,450) (1,405) (1,205)
Equity accounted investments (6) (446) (25)
Financial assets and other (3,412) (2,372) (73)
Dispositions      
Subsidiaries, net of cash disposed 349 537 1,393
Property, plant and equipment and intangible assets 124 41 62
Equity accounted investments 327 0 43
Financial assets and other 3,483 1,716 262
Net settlement of hedges 27 179 32
Restricted cash and deposits 576 (685) 70
Cash (used in) investing activities (8,926) (2,334) (17,939)
Cash and cash equivalents      
Change during the period (170) 794 149
Impact of foreign exchange 15 (37) (10)
Net change in cash reclassified as assets held for sale 0 0 (102)
Balance, beginning of year 2,743 1,986 1,949
Balance, end of year $ 2,588 $ 2,743 $ 1,986