Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 103

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 5
Chunk 103
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 that are not held by Brookfield Infrastructure, plus all outstanding third-party debt with recourse to a Service Recipient, less all cash held by such entities. The base management fee allocated to our company is estimated to be approximately $67 million per year based on the December 31, 2024 market value of the partnership and our company ($68 million per year based on the December 31, 2023 market value of the partnership and our company).

An integral part of our group’s strategy is to participate with institutional investors in Brookfield-sponsored infrastructure funds that target acquisitions that suit our group’s profile. In the normal course of business, our group will make commitments to Brookfield-sponsored infrastructure funds to participate in these target acquisitions in the future, if and when identified.

92 Brookfield Infrastructure Corporation

REVIEW OF CONSOLIDATED STATEMENTS OF CASH FLOWS

The following table summarizes the consolidated statements of cash flows for the years ended December 31, 2024, 2023, and 2022:

  US$ MILLIONS                                  For the year ended December 31,                                                             
  Summary Statements of Operating Results                                                                                                   
                                                2024                                              2023                   2022               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash from operating activities                $                                      1,743      $           1,059      $             893  
  Cash (used by) from investing activities                                           (1,110)                (3,174)                (1,047)  
  Cash (used by) from financing activities      (428)                                                         2,183      (4)                

2024 vs. 2023

Cash from operating activities

Cash from operating activities totaled $1,743 million during the year ended December 31, 2024, an increase of $684 million compared to the prior year. Operating cash flows increased primarily due to contributions from the acquisition of our global intermodal logistics operation and the benefits of inflation indexation and capital commissioned into rate base. These increases were partially offset by an increase in dividends paid on our exchangeable shares, which are presented as interest expense, and an increase in interest paid on non-recourse borrowings.

Cash used by investing activities

Cash used by investing activities was $1,110 million during the year ended December 31, 2024, compared to cash used by investing activities of $3,174 million in the prior year. The investing activities in the current year