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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Total
Common shares and paid-in surplus
Retained earnings
AOCI, after tax
Non-controlling interest
Total Equity
BAM
Non-controlling interest
BAM
Total Equity
Beginning Balances at Dec. 31, 2020   $ 3,906.0 $ 595.2 $ 3,311.2 $ (0.4) $ (88.1) $ 3,817.9    
Increase (Decrease) in Shareholders' Equity                  
Net income (loss) $ 22.0 63.2   63.2   (41.2) 22.0    
Other comprehensive income (loss), net of tax 0.2 2.6     2.6 0.2 2.8    
Comprehensive income (loss) 66.0 65.8   63.2 2.6 (41.0) 24.8    
Dividends declared on common shares   (3.1)   (3.1)     (3.1)    
Dividends to non-controlling interests           (1.2) (1.2)    
Issuances of common shares   1.7 1.7       1.7    
Issuances of shares of non-controlling interests           6.1 6.1    
Repurchases and retirements of common shares   (7.5) (1.4) (6.1)   0.3 (7.2)    
BAM member surplus contribution, net of tax               $ 30.1 $ 30.1
Amortization of restricted share awards   7.5 7.5       7.5    
Recognition of equity-based compensation expense of subsidiaries   1.8 1.8       1.8    
Net contributions and dilution from other non-controlling interests   6.0 (7.6) 13.4 0.2 (6.7) (0.7)    
Acquisition of non-controlling interests           230.3 230.3    
Ending Balances at Jun. 30, 2021   3,978.2 597.2 3,378.6 2.4 129.8 4,108.0    
Beginning Balances at Mar. 31, 2021   3,825.9 597.9 3,226.7 1.3 110.0 3,935.9    
Increase (Decrease) in Shareholders' Equity                  
Net income (loss) 132.5 138.5   138.5   (6.0) 132.5    
Net change in foreign currency translation and other   0.9     0.9 0.1 1.0    
Other comprehensive income (loss), net of tax 0.5                
Comprehensive income (loss) 139.5 139.4   138.5 0.9 (5.9) 133.5    
Dividends to non-controlling interests           (0.6) (0.6)    
Issuances of common shares   1.7 1.7       1.7    
Issuances of shares of non-controlling interests           6.1 6.1    
BAM member surplus contribution, net of tax               16.3 16.3
Amortization of restricted share awards   3.5 3.5       3.5    
Recognition of equity-based compensation expense of subsidiaries   1.3 1.3     0.3 1.6    
Net contributions and dilution from other non-controlling interests   6.4 (7.2) 13.4 0.2 (6.5) (0.1)    
Acquisition of non-controlling interests 10.1         10.1      
Ending Balances at Jun. 30, 2021   3,978.2 597.2 3,378.6 2.4 129.8 4,108.0    
Beginning Balances at Dec. 31, 2021 3,704.7 3,548.1 588.9 2,957.5 1.7 156.6 3,704.7    
Increase (Decrease) in Shareholders' Equity                  
Net income (loss) (218.6) (135.8)   (135.8)   (82.8) (218.6)    
Other comprehensive income (loss), net of tax (1.5) (6.7)     (6.7) (0.7) (7.4)    
Comprehensive income (loss) (143.2) (142.5)   (135.8) (6.7) (83.5) (226.0)    
Dividends declared on common shares   (3.0)   (3.0)     (3.0)    
Dividends to non-controlling interests           (7.0) (7.0)    
Issuances of common shares   3.0 3.0       3.0    
Issuances of shares of non-controlling interests           74.6 74.6    
Repurchases and retirements of common shares   (101.6) (17.7) (83.9)     (101.6)    
BAM member surplus contribution, net of tax               36.3 36.3
Amortization of restricted share awards   6.5 6.5       6.5    
Recognition of equity-based compensation expense of subsidiaries   7.7 7.7     0.6 8.3    
Net contributions and dilution from other non-controlling interests   5.1 14.8 (9.7)   (8.9) (3.8)    
Ending Balances at Jun. 30, 2022 3,492.0 3,323.3 603.2 2,725.1 (5.0) 168.7 3,492.0    
Beginning Balances at Mar. 31, 2022   3,542.1 586.3 2,956.2 (0.4) 127.2 3,669.3    
Increase (Decrease) in Shareholders' Equity                  
Net income (loss) (210.2) (169.2)   (169.2)   (41.0) (210.2)    
Net change in foreign currency translation and other   (4.6)     (4.6) (0.5) (5.1)    
Other comprehensive income (loss), net of tax (1.1)                
Comprehensive income (loss) (174.3) (173.8)   (169.2) (4.6) (41.5) (215.3)    
Dividends to non-controlling interests           (6.4) (6.4)    
Issuances of common shares   2.2 2.2       2.2    
Issuances of shares of non-controlling interests           74.6 74.6    
Repurchases and retirements of common shares   (62.6) (10.4) (52.2)     (62.6)    
BAM member surplus contribution, net of tax               $ 24.0 $ 24.0
Amortization of restricted share awards   3.6 3.6       3.6    
Recognition of equity-based compensation expense of subsidiaries   6.5 6.5     0.4 6.9    
Net contributions and dilution from other non-controlling interests   5.3 15.0 (9.7)   (9.6) (4.3)    
Ending Balances at Jun. 30, 2022 $ 3,492.0 $ 3,323.3 $ 603.2 $ 2,725.1 $ (5.0) $ 168.7 $ 3,492.0