Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 284

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 5
Chunk 284
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 investing activities of 0.1 billion. In the prior year, cash used by investing activities included $10.1 billion of capital deployed for the acquisition of subsidiaries and associates, net of proceeds from the sale of subsidiaries, investment in long-lived assets of $2.1 billion and other investing activities of $0.7 billion.

Cash from financing activities

Cash from financing activities totaled $2.6 billion for the year ended December 31, 2024, as compared to $9.4 billion during the same period in 2023. Financing activities in the current year include $8.6 billion of net proceeds from borrowings, partially offset by $3.2 billion of net capital provided to non-controlling interests, $1.6 billion of distributions paid to unitholders and $1.2 billion payments relating to other financing activities. In the prior year, cash from financing activities was driven by net proceeds from borrowings of $5.7 billion and $6.1 billion of net capital provided by non-controlling interests, partially offset by $1.5 billion of distributions paid to unitholders and other financing activities of $0.9 billion.

2023 vs. 2022

Cash from operating activities

Cash from operating activities totaled $4.1 billion during the year ended December 31, 2023, an increase of $1.0 billion from the same period in 2022. Operating cash flows benefited from contributions from acquisitions completed during ended December 31, 2023 and organic growth from our existing operations.

Cash used by investing activities

Cash used by investing activities was $13.0 billion during the year ended December 31, 2023, an increase of $9.6 billion from the same period in 2022. Investing activities during the year ended December 31, 2023 reflected $10.1 billion of capital deployed for the acquisition of subsidiaries and associates, net of proceeds from the sale of subsidiaries and investments in associates. Cash flows for the year ended December 31, 2023 were also impacted by $2.1 billion of net additions to long-lived and financial assets and other investing activities of $0.7 billion. During the year ended December 31, 2022, cash used by investing activities related to investment in long-lived assets of $2.7 billion, and capital deployed of $0.9 billion on our investment in associates and the acquisition of subsidiaries, net of proceeds from the sale of subsidiaries.

160 Brookfield Infrastructure