Brookfield Infrastructure Partners L.P. (BIP) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 893M | 2.04B | 1.87B | 1.19B | 868M | 1.56B | 1.19B | 1.06B | 841M | 1.49B | 1.1B | 970M | 517M | 986M | 676M | 734M | 735M | 565M | 917M | 564M |
| Operating CF Growth % | 2.88% | 30.94% | 56.62% | 12.49% | 3.21% | 4.69% | 8.55% | 8.97% | 62.67% | 51.22% | 62.72% | 32.15% | -29.66% | 74.51% | -26.28% | 30.14% | 1.24% | 35.49% | 18.17% | -8.29% |
| Operating CF / Revenue % | 14.17% | 32.42% | 31.3% | 21.9% | 16.1% | 28.67% | 22.66% | 20.57% | 16.21% | 30% | 24.52% | 22.79% | 12.26% | 26.59% | 18.64% | 19.94% | 21.55% | 17.37% | 31.2% | 21.18% |
| Net Income | -86M | 219M | 750M | -6M | 526M | 451M | 234M | 184M | 814M | -82M | 256M | 773M | 143M | 295M | 361M | 425M | 294M | 464M | 536M | 1.31B |
| Depreciation & Amortization | 1.07B | 1.07B | 1.05B | 941M | 960M | 972M | 854M | 882M | 936M | 793M | 669M | 632M | 645M | 542M | 520M | 552M | 544M | 550M | 525M | 492M |
| Deferred Taxes | -51M | -188M | 114M | -44M | -38M | -67M | -56M | -51M | -150M | 14M | -4M | 38M | -43M | 31M | 63M | -26M | 18M | -36M | 24M | 212M |
| Other Non-Cash Items | 593M | 763M | -107M | 373M | -7M | 44M | 114M | 58M | -340M | 643M | 186M | -200M | 253M | 449M | 0 | -124M | 91M | -84M | -249M | -1.26B |
| Working Capital Changes | -638M | 177M | 63M | -75M | -573M | 161M | 48M | -16M | -419M | 123M | -7M | -273M | -481M | -331M | -268M | -93M | -212M | -329M | 81M | -182M |
| Capital Expenditures | -2.03B | -6.53B | -10.14B | -1.02B | -870M | -1.25B | -2.31B | -991M | -1.57B | -796M | -6.13B | -572M | -6.45B | -672M | -769M | -735M | -1.12B | -733M | -2.84B | 2.02B |
| CapEx / Revenue % | 32.25% | 103.6% | 169.69% | 18.79% | 16.14% | 23.05% | 43.81% | 19.29% | 30.29% | 16.02% | 136.71% | 13.44% | 152.99% | 18.12% | 21.2% | 19.97% | 32.95% | 22.54% | 96.5% | 75.78% |
| CapEx / D&A | 1.89x | 6.09x | 9.66x | 1.08x | 0.91x | 1.29x | 2.70x | 1.12x | 1.68x | 1.00x | 9.17x | 0.91x | 10.00x | 1.24x | 1.48x | 1.33x | 2.07x | 1.33x | 5.40x | 4.10x |
| CapEx Coverage (OCF/CapEx) | 0.44x | 0.31x | 0.18x | 1.17x | 1.00x | 1.24x | 0.52x | 1.07x | 0.54x | 1.87x | 0.18x | 1.70x | 0.08x | 1.47x | 0.88x | 1.00x | 0.65x | 0.77x | 0.32x | 0.28x |
| Cash from Investing | -1.8B | -6.53B | -10.14B | -460M | -104M | -1.25B | -2.31B | -1.19B | -2.16B | -1.04B | -6.13B | 760M | -6.45B | -529M | -1.13B | -584M | -1.12B | -476M | -2.84B | 2.02B |
| Acquisitions | -803M | 0 | -7.18B | 505M | 431M | -142M | -1.67B | -323M | -658M | 207M | -5.54B | 1.2B | -5.4B | 32M | -464M | 59M | -497M | -53M | -2.03B | 2.54B |
| Purchase of Investments | 0 | 0 | -218M | -51M | -5M | -165M | -125M | -223M | -178M | -538M | -39M | -111M | -233M | -138M | -139M | -146M | -237M | -174M | -639M | -349M |
| Sale of Investments | 35M | -1.18B | 0 | 26M | 238M | 189M | 371M | 303M | 206M | 88M | 108M | 167M | 353M | 237M | 236M | 226M | 192M | 431M | 411M | 230M |
| Other Investing | 1B | -3.64B | -631M | 80M | 102M | 127M | 276M | 47M | 42M | 0 | -47M | 80M | -674M | 12M | 8M | 12M | 17M | 53M | 9M | 12M |
| Cash from Financing | 162M | 5.1B | 8.59B | 105M | -1.4B | 261M | 1.37B | -76M | 1.06B | 50M | 5.02B | -1.92B | 6.14B | -414M | 363M | -690M | 797M | -681M | 2.7B | -2.48B |
| Dividends Paid | -461M | -678M | -435M | -436M | -437M | -411M | -411M | -411M | -411M | -318M | -377M | -377M | -376M | -353M | -354M | -354M | -357M | -331M | -318M | -305M |
| Dividend Payout Ratio % | - | 309.59% | 207.14% | 589.19% | 1680.77% | 220.97% | - | 1174.29% | 313.74% | - | 423.6% | 149.01% | 940% | 666.04% | 384.78% | 272.31% | 540.91% | 312.26% | 114.39% | 125.51% |
| Debt Issuance (Net) | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K |
| Stock Issued | 29M | 0 | 3M | -26M | 2M | 2M | 3M | 3M | 3M | -10M | 2M | 2M | 6M | 2M | 3M | 4M | 4M | 1.06B | 3M | 3M |
| Share Repurchases | 0 | -190M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -206M | 0 |
| Other Financing | -172M | 12.27B | 4.51B | -960M | -477M | -295M | -421M | -1.18B | -2.02B | -330M | 4.04B | -1.55B | 3.14B | -526M | 4M | -1.4B | 379M | -163M | 1.13B | -2.88B |
| Net Change in Cash | -743M | 588M | 271M | 879M | -608M | 469M | 276M | -254M | -277M | 550M | -73M | -135M | 236M | 226M | -248M | -668M | 563M | -434M | 565M | 135M |
| Exchange Rate Effect | -1M | -21M | -52M | 45M | 30M | -107M | 21M | -48M | -16M | 48M | -62M | 50M | 35M | 183M | -159M | -128M | 155M | 158M | -220M | 29M |
| Cash at Beginning | 3.2B | 2.61B | 2.34B | 1.46B | 2.07B | 1.6B | 1.33B | 1.58B | 1.86B | 1.31B | 1.38B | 1.51B | 1.28B | 1.05B | 1.3B | 1.97B | 1.41B | 1.84B | 1.27B | 1.14B |
| Cash at End | 2.46B | 3.2B | 2.61B | 2.34B | 1.46B | 2.07B | 1.6B | 1.33B | 1.58B | 1.86B | 1.31B | 1.38B | 1.51B | 1.28B | 1.05B | 1.3B | 1.97B | 1.41B | 1.84B | 1.27B |
| Free Cash Flow | -1.14B | -4.49B | -8.27B | 169M | -2M | 306M | -1.11B | 66M | -730M | 695M | -5.03B | 398M | -5.94B | 314M | -93M | -1M | -389M | -168M | -1.92B | 2.58B |
| FCF Growth % | -56850% | -1566.34% | -641.61% | 156.06% | 99.73% | -55.97% | 77.85% | -83.42% | 87.7% | 121.34% | -5312.9% | 39900% | -1425.96% | 286.9% | 95.15% | -100.04% | -198.73% | -205.45% | 42.16% | 659.41% |
| FCF Margin % | -18.08% | -71.18% | -138.39% | 3.11% | -0.04% | 5.62% | -21.16% | 1.28% | -14.07% | 13.98% | -112.19% | 9.35% | -140.73% | 8.47% | -2.56% | -0.03% | -11.4% | -5.17% | -65.29% | 96.96% |
| FCF / Net Income % | 1324.42% | -2048.86% | -3937.62% | 228.38% | -7.69% | 164.52% | 1527.4% | 188.57% | -557.25% | -4633.33% | -5656.18% | 157.31% | -14840% | 592.45% | -101.09% | -0.77% | -589.39% | -158.49% | -690.29% | 1062.55% |