Cash flow Brookfield Corporation

Equities

BN

CA11271J1075

Investment Management & Fund Operators

Delayed Toronto S.E. Other stock markets 12:41:21 2024-09-12 EDT			5-day change	1st Jan Change
66.10 ^CAD	+1.44%		+3.72%	+24.35%

09-11	BMO's Takeaways From Brookfield Corp's Investor Day	MT
09-11	Canada's Brookfield to exit Brazilian shopping malls, sources say	RE

1906d49655304000aad5b6bb9de35a.3bhGeYw4Wl_A2_nU1lnlk3ZyjA5RGAb-Mb2hoA5ZwTM.j8oiG-5nDz6Vs9SzsQmRwT4ExmhkLDa_Xv7X6WgtgmOW6ycx6RU7bqaZng

Published financial data: BROOKFIELD CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	67.83B	62.75B	75.73B	92.77B	95.92B
Gain (Loss) on Sale of Assets, Total (Rev)	-	-	-	-	-
Gain (Loss) on Sale of Investment, Total (Rev)	-	-	-	-	-
Other Revenues, Total	3.7B	-79M	2.45B	2.61B	2.07B
Total Revenues	71.52B	62.67B	78.18B	95.38B	97.99B
Cost of Goods Sold, Total	52.73B	47.39B	64B	78.51B	77.81B
Gross Profit	18.79B	15.29B	14.18B	16.87B	20.18B
Selling General & Admin Expenses, Total	98M	101M	116M	122M	69M
Depreciation & Amortization - (IS)	4.88B	5.79B	-	-	-
Other Operating Expenses	-	-	-	-	3.6B
Other Operating Expenses, Total	4.97B	5.89B	116M	122M	3.67B
Operating Income	13.82B	9.4B	14.07B	16.75B	16.51B
Interest Expense, Total	-7.23B	-7.21B	-7.6B	-10.7B	-15.5B
Net Interest Expenses	-7.23B	-7.21B	-7.6B	-10.7B	-15.5B
Other Non Operating Income (Expenses)	-1.72B	-366M	18M	-780M	593M
EBT, Excl. Unusual Items	4.88B	1.82B	6.48B	5.27B	1.6B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-453M	-3M	-177M	-121M	-659M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	88M	-	3.1B	1.59B	6.5B
Asset Writedown	1.34B	-1.07B	4.6B	457M	-722M
Other Unusual Items	-	805M	714M	-533M	-608M
EBT, Incl. Unusual Items	5.85B	1.54B	14.71B	6.66B	6.12B
Income Tax Expense	495M	837M	2.32B	1.47B	1.01B
Earnings From Continuing Operations	5.35B	707M	12.39B	5.2B	5.1B
Net Income to Company	5.35B	707M	12.39B	5.2B	5.1B
Minority Interest	-2.55B	-841M	-8.42B	-3.14B	-3.98B
Net Income - (IS)	2.81B	-134M	3.97B	2.06B	1.13B
Preferred Dividend and Other Adjustments	226M	48M	174M	150M	166M
Net Income to Common Incl Extra Items	2.58B	-182M	3.79B	1.91B	964M
Net Income to Common Excl. Extra Items	2.58B	-182M	3.79B	1.91B	964M
Per Share Items
Net EPS - Basic	1.76	-0.12	2.47	1.22	0.62
Basic EPS - Continuing Operations	1.76	-0.12	2.47	1.22	0.62
Basic Weighted Average Shares Outstanding	1.46B	1.52B	1.54B	1.57B	1.56B
Net EPS - Diluted	1.72	-0.12	2.39	1.19	0.61
Diluted EPS - Continuing Operations	1.72	-0.12	2.39	1.19	0.61
Diluted Weighted Average Shares Outstanding	1.5B	1.52B	1.59B	1.61B	1.59B
Normalized Basic EPS	0.34	0.19	-2.85	0.1	-1.91
Normalized Diluted EPS	0.33	0.19	-2.76	0.1	-1.87
Dividend Per Share	0.42	0.48	0.52	0.56	0.28
Payout Ratio	27.5	-647.01	23.9	50.05	53.27
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	18.24B	15.19B	20.5B	24.43B	25.59B
EBITA	14.96B	10.7B	15.54B	18.89B	19.17B
EBIT	13.82B	9.4B	14.07B	16.75B	16.51B
Effective Tax Rate - (Ratio)	8.46	54.21	15.8	22.04	16.53
Total Current Taxes	970M	756M	1.11B	1.28B	1.91B
Total Deferred Taxes	-475M	81M	1.21B	191M	-897M
Normalized Net Income	500M	294M	-4.37B	153M	-2.97B
Interest Capitalized	233M	310M	387M	508M	471M
Interest on Long-Term Debt	206M	-	-	-	14.91B
Supplemental Operating Expense Items
General and Administrative Expenses	98M	101M	116M	122M	69M
Stock-Based Comp., Other (Total)	87M	94M	119M	62M	108M
Total Stock-Based Compensation	87M	94M	119M	62M	108M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	6.78B	9.93B	12.69B	14.4B	11.22B
Total Cash And Short Term Investments	6.78B	9.93B	12.69B	14.4B	11.22B
Accounts Receivable, Total	11.13B	10.11B	11.33B	14.16B	14.88B
Notes Receivable	1.86B	2.7B	2.84B	7.95B	9.9B
Total Receivables	12.99B	12.81B	14.17B	22.11B	24.78B
Inventory	10.27B	10.36B	11.42B	12.84B	11.41B
Prepaid Expenses	5.64B	6.34B	8.16B	10.56B	11.36B
Restricted Cash	1.6B	2.4B	2.27B	2.67B	2.27B
Other Current Assets, Total	3.5B	5.92B	11.96B	2.83B	2.49B
Total Current Assets	40.77B	47.75B	60.66B	65.4B	63.54B
Gross Property Plant And Equipment	199B	213B	235B	262B	300B
Accumulated Depreciation	-13.13B	-16.45B	-18.59B	-22.98B	-27.92B
Net Property Plant And Equipment	186B	197B	216B	239B	272B
Long-term Investments	51.31B	56.36B	59.81B	66.04B	77.54B
Goodwill	14.55B	14.71B	20.23B	28.66B	34.91B
Other Intangibles, Total	27.71B	24.66B	30.61B	38.41B	38.99B
Deferred Tax Assets Long-Term	3.57B	3.34B	3.34B	3.4B	3.34B
Total Assets	324B	344B	391B	441B	490B
Liabilities
Accounts Payable, Total	9.58B	9.54B	11.26B	12.74B	13.47B
Short-term Borrowings	-	-	912M	-	31M
Current Portion of Long-Term Debt	15.71B	21.29B	31.88B	43.3B	58.15B
Current Portion of Leases	766M	815M	1.16B	1.19B	1.13B
Other Current Liabilities	1.69B	2.36B	3.15B	876M	118M
Total Current Liabilities	27.75B	34B	48.35B	58.1B	72.9B
Long-Term Debt	130B	129B	146B	174B	179B
Long-Term Leases	4.73B	7.41B	7.88B	7.32B	7.75B
Pension & Other Post Retirement Benefits	1.13B	1.45B	1.04B	720M	-
Deferred Tax Liability Non Current	14.85B	15.91B	20.33B	23.19B	24.99B
Other Non Current Liabilities	28.77B	32.92B	32.74B	36.21B	36.8B
Total Liabilities	207B	221B	256B	299B	322B
Preferred Stock Redeemable	4.14B	4.14B	4.14B	4.14B	4.1B
Total Preferred Equity	4.14B	4.14B	4.14B	4.14B	4.1B
Common Stock, Total	7.3B	7.37B	10.54B	10.9B	10.88B
Additional Paid In Capital	286M	285M	320M	148M	112M
Retained Earnings	16.03B	15.18B	17.7B	18.01B	18.01B
Comprehensive Income and Other	7.25B	8.86B	13.65B	10.55B	12.68B
Total Common Equity	30.87B	31.69B	42.21B	39.61B	41.67B
Minority Interest	81.83B	86.8B	88.39B	98.14B	122B
Total Equity	117B	123B	135B	142B	168B
Total Liabilities And Equity	324B	344B	391B	441B	490B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.52B	1.52B	1.57B	1.64B	1.51B
ECS Total Common Shares Outstanding	1.52B	1.52B	1.57B	1.57B	1.52B
Book Value / Share	20.31	20.84	26.91	25.17	27.35
Tangible Book Value	-11.39B	-7.68B	-8.63B	-27.46B	-32.23B
Tangible Book Value Per Share	-7.5	-5.05	-5.5	-17.46	-21.16
Total Debt	151B	159B	188B	226B	246B
Net Debt	144B	149B	175B	211B	235B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.14B	1.46B	1.01B	709M	334M
Minority Interest, Total (Incl. Fin. Div)	81.83B	86.8B	88.39B	98.14B	122B
Equity Method Investments, Total	40.7B	41.33B	46.1B	47.09B	59.12B
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	1.78B	2.02B	1.8B	1.9B	1.72B
Inventories - Work In Process, Total	3.01B	2.82B	2.14B	1.56B	2.11B
Inventories - Finished Goods, Total	3.81B	3.35B	4.98B	5.25B	3.7B
Inventories - Others	1.67B	2.18B	2.5B	4.14B	3.89B
Full Time Employees	151K	151K	181K	202K	240K
Assets on Operating Lease - Gross	-	-	94.9B	108B	115B
Order Backlog	7B	5.6B	7.5B	14.9B	6.2B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.81B	-134M	3.97B	2.06B	1.13B
Depreciation & Amortization - CF	3.74B	4.48B	4.96B	5.54B	6.42B
Amortization of Goodwill and Intangible Assets - (CF)	1.14B	1.31B	1.48B	2.14B	2.65B
Depreciation & Amortization, Total	4.88B	5.79B	6.44B	7.68B	9.08B
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-204M	2.13B	-3.45B	281M	1.12B
(Income) Loss On Equity Investments - (CF)	-1.65B	1.35B	-693M	-355M	-441M
Other Operating Activities, Total	1.82B	-569M	4.84B	2.43B	-3.15B
Change In Inventories	-319M	51M	-34M	-119M	152M
Change in Other Net Operating Assets	-1B	-274M	-3.18B	-3.23B	-1.42B
Cash from Operations	6.33B	8.34B	7.87B	8.75B	6.47B
Capital Expenditure	-3.05B	-4.01B	-6.88B	-7.24B	-8.07B
Sale of Property, Plant, and Equipment	140M	125M	723M	595M	1.18B
Cash Acquisitions	-31.09B	-3.45B	-14.56B	-26.31B	-12.92B
Divestitures	2.34B	3.42B	5.95B	6.32B	5.69B
Sale (Purchase) of Real Estate properties	-1.68B	-2.84B	-5.07B	-5.79B	-6.64B
Investment in Marketable and Equity Securities, Total	-3.79B	-6.5B	-1.43B	-7.52B	-9.04B
Other Investing Activities, Total	462M	-606M	220M	280M	41M
Cash from Investing	-36.67B	-13.87B	-21.04B	-39.65B	-29.76B
Long-Term Debt Issued, Total	65.57B	39.81B	88.86B	97.9B	84.9B
Total Debt Issued	65.57B	39.81B	88.86B	97.9B	84.9B
Long-Term Debt Repaid, Total	-44.02B	-36.05B	-63.86B	-62.75B	-76.4B
Total Debt Repaid	-44.02B	-36.05B	-63.86B	-62.75B	-76.4B
Issuance of Common Stock	13M	17M	23M	14M	49M
Repurchase of Common Stock	-267M	-419M	-368M	-686M	-624M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-16M	-	-	-	-
Common Dividends Paid	-620M	-726M	-800M	-879M	-436M
Preferred Dividends Paid	-152M	-141M	-148M	-150M	-166M
Common & Preferred Stock Dividends Paid	-772M	-867M	-948M	-1.03B	-602M
Special Dividend Paid	-	-	-538M	-	-
Other Financing Activities, Total	8.24B	6.21B	-6.91B	-982M	12.61B
Cash from Financing	28.75B	8.7B	16.26B	32.46B	19.93B
Foreign Exchange Rate Adjustments	-5M	-34M	-122M	-17M	205M
Miscellaneous Cash Flow Adjustments	-7M	23M	-207M	158M	-11M
Net Change in Cash	-1.61B	3.16B	2.76B	1.7B	-3.17B
Supplemental Items
Cash Interest Paid	6.32B	6.58B	7B	9.01B	13.9B
Cash Income Tax Paid (Refund)	504M	1.1B	1.12B	1.08B	1.68B
Levered Free Cash Flow	3.22B	42.75M	-3.94B	468M	401M
Unlevered Free Cash Flow	7.73B	4.55B	816M	7.16B	10.09B
Change In Net Working Capital	2.82B	3.19B	7.65B	3.82B	1.34B
Net Debt Issued / Repaid	21.55B	3.76B	25B	35.14B	8.49B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.98	1.76	2.39	2.52	2.22
Return on Total Capital	3.56	2.14	2.91	3.03	2.64
Return On Equity %	5	0.59	9.63	3.76	3.29
Return on Common Equity	9.13	-0.58	10.26	4.66	2.37
Margin Analysis
Gross Profit Margin %	26.28	24.39	18.14	17.69	20.6
SG&A Margin	0.14	0.16	0.15	0.13	0.07
EBITDA Margin %	25.5	24.23	26.22	25.61	26.11
EBITA Margin %	20.92	17.08	19.88	19.8	19.56
EBIT Margin %	19.32	14.99	17.99	17.56	16.85
Income From Continuing Operations Margin %	7.49	1.13	15.84	5.45	5.21
Net Income Margin %	3.92	-0.21	5.07	2.16	1.15
Net Avail. For Common Margin %	3.61	-0.29	4.85	2	0.98
Normalized Net Income Margin	0.7	0.47	-5.59	0.16	-3.03
Levered Free Cash Flow Margin	4.5	0.07	-5.03	0.49	0.41
Unlevered Free Cash Flow Margin	10.81	7.26	1.04	7.5	10.3
Asset Turnover
Asset Turnover	0.25	0.19	0.21	0.23	0.21
Fixed Assets Turnover	0.42	0.33	0.38	0.42	0.38
Receivables Turnover (Average Receivables)	6.68	5.91	7.06	7.28	6.61
Inventory Turnover (Average Inventory)	6.11	4.59	5.88	6.47	6.42
Short Term Liquidity
Current Ratio	1.47	1.4	1.25	1.13	0.87
Quick Ratio	0.65	0.59	0.5	0.49	0.36
Operating Cash Flow to Current Liabilities	0.23	0.25	0.16	0.15	0.09
Days Sales Outstanding (Average Receivables)	54.61	61.95	51.68	50.14	55.24
Days Outstanding Inventory (Average Inventory)