Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 327

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 327
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7,649                  2,596                   3,489  
  Investing activities                                                                                                 (6,800)                (4,356)                 (5,066)  
  Foreign exchange (loss) gain on cash                                                                      (95)                    38                     (28)                
  Increase in cash and cash equivalents                                                                     $            2,028      $             143      $              106  

Operating Activities

Cash flows provided by operating activities before changes in due to or from related parties and net working capital changes for the year ended December 31, 2024, totaled $1,562 million compared to $1,390 million in 2023 and $1,924 million in 2022, reflecting the strong operating performance of our business during the periods.

Financing Activities

Cash flows provided by financing activities totaled $7,649 million for the year ended December 31, 2024. The strength of our balance sheet and access to diverse sources of capital enabled us to fund our growth as discussed below and allowed us to generate net proceeds of $9,885 million for the year ended December 31, 2024, from corporate, non-recourse, related party financings, and net capital contributions from participating non-controlling interests, including the issuance of C$800 million ($587 million) aggregate of medium term notes, the issuance of $150 million perpetual green subordinated notes, and the issuance of C$200 million ($139 million) fixed-to-fixed reset rate subordinated hybrid notes.

Distributions, including incentive distributions to the general partners, paid during the year ended December 31, 2024, 2023 and 2022 to Unitholders were $1,061 million, $990 million and $915 million, respectively. We increased our distributions to $1.42 per LP unit in 2024 (2023: $1.35 and 2022: $1.28), representing a 5.2% increase per LP unit relative to the prior year, which took effect in the first quarter of 2024. The distributions paid to preferred shareholders, preferred limited partners' unitholders, perpetual subordinate notes, and participating non-controlling interests in operating subsidiaries during the year ended December 31, 2024, 2023 and 2022 totaled $993 million, $967 million and $1,372 million, respectively.

Cash flows provided by financing activities totaled $2,596 million for the year ended December 31, 2023. The