BROOKFIELD Corp /ON/
For the period ended Dec 31, 2023. Filed Mar 19, 2024.
View on SEC.govAbout this filing
The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 19, 2024
Use the contents to explore the available documents and sections.
Contents
EX-99.2 · BALANCE SHEET ANALYSIS
BALANCE SHEET ANALYSIS
The following table summarizes the statements of financial position of the company as at December 31, 2023, 2022, and 2021:
| Change | |||||
|---|---|---|---|---|---|
| AS AT DEC. 31(MILLIONS) | 2023 | 2022 | 2021 | 2023 vs. 2022 | 2022 vs. 2021 |
| Assets | |||||
| Property, plant and equipment | $147,617 | $124,268 | $115,489 | $23,349 | $8,779 |
| Investment properties | 124,152 | 115,100 | 100,865 | 9,052 | 14,235 |
| Equity accounted investments | 59,124 | 47,094 | 46,100 | 12,030 | 994 |
| Cash and cash equivalents | 11,222 | 14,396 | 12,694 | (3,174) | 1,702 |
| Accounts receivable and other | 28,512 | 27,378 | 21,760 | 1,134 | 5,618 |
| Intangible assets | 38,994 | 38,411 | 30,609 | 583 | 7,802 |
| Goodwill | 34,911 | 28,662 | 20,227 | 6,249 | 8,435 |
| Other assets | 45,563 | 45,975 | 43,259 | (412) | 2,716 |
| Total assets | $490,095 | $441,284 | $391,003 | $48,811 | $50,281 |
| Liabilities | |||||
| Corporate borrowings | $12,160 | $11,390 | $10,875 | $770 | $515 |
| Non-recourse borrowings of managed entities | 221,550 | 202,684 | 165,057 | 18,866 | 37,627 |
| Other non-current financial liabilities | 29,624 | 27,679 | 27,718 | 1,945 | (39) |
| Other liabilities | 58,519 | 57,640 | 52,612 | 879 | 5,028 |
| Equity | |||||
| Preferred equity | 4,103 | 4,145 | 4,145 | (42) | — |
| Non-controlling interests | 122,465 | 98,138 | 88,386 | 24,327 | 9,752 |
| Common equity | 41,674 | 39,608 | 42,210 | 2,066 | (2,602) |
| Total equity | 168,242 | 141,891 | 134,741 | 26,351 | 7,150 |
| $490,095 | $441,284 | $391,003 | $48,811 | $50,281 | |
2023 vs. 2022
Total assets increased by $48.8 billion from the prior year to $490.1 billion as at December 31, 2023. The increase is due to recently completed business combinations and asset acquisitions, net of dispositions, mostly in our Infrastructure and Renewable Power and Transition segments. Net valuation increases recognized on our property plant and equipment during the year also contributed to the increase in total assets. This was partially offset by amortization and depreciation of our asset base during the year and cash used for acquisitions and debt repayments during the year. Total liabilities increased by $22.5 billion from the prior year to $321.9 billion as at December 31, 2023, primarily due to recently completed business combinations and asset acquisitions, net of dispositions.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.