$BEPC
Brookfield Renewable Corp
CIK:0001791863|SEC Filings
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Operating activities | |||
| Net (loss) income | $ (2,343) | $ 433 | $ 308 |
| Adjustments for the following non-cash items: | |||
| Depreciation | 1,240 | 1,262 | 1,342 |
| Unrealized financial instrument gain | (99) | (265) | (159) |
| Share of loss from equity-accounted investments | 8 | 24 | 8 |
| Deferred income tax (recovery) expense | (132) | 67 | (40) |
| Other non-cash items | 209 | (150) | (361) |
| Remeasurement of interests held in BRHC by the partnership | 813 | (58) | 0 |
| Remeasurement of BEPC exchangeable and class A.2 exchangeable shares | 848 | (61) | 0 |
| Remeasurement of exchangeable and class B shares of BRHC | 0 | (574) | 106 |
| Dividends received from equity-accounted investments | 7 | 74 | 14 |
| Cash flows from (used in) operations before changes in related parties and working capital balances | 551 | 752 | 1,218 |
| Changes in due to or from related parties | 45 | 61 | (20) |
| Net change in working capital balances | (94) | (264) | 405 |
| Cash flows from (used in) operating activities | 502 | 549 | 1,603 |
| Financing activities | |||
| Proceeds from non-recourse borrowings | 4,238 | 3,908 | 2,601 |
| Repayment of non-recourse borrowings | (2,819) | (3,105) | (2,032) |
| Capital contributions from non-controlling interests | 1,207 | 268 | 189 |
| Capital repaid to non-controlling interests | (803) | (133) | (169) |
| Exchangeable share issuance | 0 | 0 | 251 |
| Distributions paid: | |||
| To participating non-controlling interests | (1,928) | (410) | (669) |
| To the partnership by BRHC | (5) | 0 | 0 |
| Related party borrowings, net | 206 | (336) | (807) |
| Net cash flows from (used in) financing activities | 96 | 192 | (636) |
| Investing activities | |||
| Acquisitions, net of cash and cash equivalents in acquired entity | 0 | 0 | (180) |
| Acquisitions of equity-accounted investments | (153) | (110) | (22) |
| Investment in property, plant and equipment | (1,138) | (949) | (1,028) |
| Proceeds from disposal of assets | 568 | 810 | 109 |
| Purchase of financial assets | 0 | (575) | 0 |
| Proceeds from financial assets | 314 | 172 | 134 |
| Restricted cash and other | (167) | (13) | (31) |
| Cash flows from (used in) investing activities | (576) | (665) | (1,018) |
| Increase (decrease) | 22 | 76 | (51) |
| Foreign exchange gain (loss) on cash | 44 | (77) | 36 |
| Net change in cash classified within assets held for sale | (8) | (2) | 0 |
| Balance, beginning of year | 624 | 627 | 642 |
| Balance, end of year | 682 | 624 | 627 |
| Supplemental cash flow information: | |||
| Interest paid | 1,530 | 1,689 | 1,177 |
| Interest received | 92 | 90 | 101 |
| Income taxes paid | $ 116 | $ 73 | $ 167 |
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 682 | $ 624 |
| Restricted cash | 21 | 39 |
| Trade receivables and other current assets | 992 | 933 |
| Financial instrument assets | 157 | 102 |
| Due from related parties | 1,625 | 1,404 |
| Assets held for sale | 466 | 12 |
| Total current assets | 3,943 | 3,114 |
| Financial instrument assets | 435 | 684 |
| Equity-accounted investments | 1,014 | 753 |
| Property, plant and equipment, at fair value | 39,699 | 38,696 |
| Goodwill | 809 | 692 |
| Deferred income tax assets | 179 | 56 |
| Other long-term assets | 188 | 134 |
| Total Assets | 46,267 | 44,129 |
| Current liabilities | ||
| Accounts payable and accrued liabilities | 777 | 571 |
| Financial instrument liabilities | 405 | 244 |
| Due to related parties | 1,011 | 544 |
| Non-recourse borrowings | 2,772 | 1,282 |
| Provisions | 7 | 13 |
| Liabilities directly associated with assets held for sale | 220 | 0 |
| Interests held in BRHC by the partnership | 5,245 | 4,432 |
| Total current liabilities | 15,453 | 11,254 |
| Financial instrument liabilities | 474 | 408 |
| Non-recourse borrowings | 12,492 | 12,493 |
| Deferred income tax liabilities | 7,339 | 6,493 |
| Provisions | 349 | 416 |
| Due to related parties | 485 | 541 |
| Other long-term liabilities | 443 | 416 |
| Equity | ||
| The partnership | (406) | 1,341 |
| Total Equity | 9,232 | 12,108 |
| Total Liabilities and Equity | 46,267 | 44,129 |
| Non-controlling interests | ||
| Current assets | ||
| Cash and cash equivalents | 308 | 388 |
| Property, plant and equipment, at fair value | 20,317 | 21,261 |
| Equity | ||
| Non-controlling interests | 9,638 | 10,767 |
| BEPC exchangeable and class A.2 exchangeable shares | ||
| Current liabilities | ||
| Exchangeable shares | 5,016 | 4,168 |
| Participating non-controlling interests – in operating subsidiaries | ||
| Equity | ||
| Non-controlling interests | 9,305 | 10,508 |
| Total Equity | 9,305 | 10,508 |
| Participating non-controlling interests – in a holding subsidiary held by the partnership | ||
| Equity | ||
| Non-controlling interests | 333 | 259 |
| Total Equity | $ 333 | $ 259 |