Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 283

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 5
Chunk 283
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 fee to Brookfield equal to 0.3125% (1.25% annually) of the market value of our group. This fee is estimated to be approximately $387 million per year based on the December 31, 2024 market capitalization of our partnership plus preferred units and recourse corporate net debt.

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

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               $                                      4,653      $            4,078      $           3,131  
  Cash used by investing activities                                                 (6,901)                (12,990)                (3,365)  
  Cash from financing activities                                                      2,612                   9,419      56                 

This statement reflects activities within our consolidated operations and therefore excludes activities within non-consolidated entities.

2024 vs. 2023

Cash from operating activities

Cash from operating activities totaled $4.7 billion during the year ended December 31, 2024, an increase of $0.6 billion from the same period in 2023. Operating cash flows benefited from contributions from acquisitions, organic growth from our existing operations and a full year of contributions from acquisitions completed in the prior year.

Brookfield Infrastructure 159

Cash used by investing activities

Cash used by investing activities was $6.9 billion during the year ended December 31, 2024, a decrease of $6.1 billion from the same period in 2023. Investing activities during the current year reflected $2.8 billion of capital deployed for the acquisition of subsidiaries and associates, net of proceeds from the sale of subsidiaries and investments in associates, $4.0 billion of net additions to long-lived and financial assets, and other