Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 321

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 321
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  Revenue                              $      147      $     
  Other income                        19               3     
  Direct operating costs           (105)               (43)  
  Adjusted EBITDA (1)                 61               8     
  Interest expense                   (6)               (2)   
  Current income taxes               (3)               —     
  Funds From Operations                $       52      $     

(1) Non-IFRS measures. For reconciliations to the most directly comparable IFRS measure see “ Reconciliation of Non-IFRS Measures” in this Management’s Discussion and Analysis.

Funds From Operations at our sustainable solutions business were $52 million in 2023 versus $6 million in the prior year due to growth and development including our investment in Westinghouse, which closed in the fourth quarter of 2023.

CORPORATE

The following table presents our results for corporate for the year endedDecember 31:

  (MILLIONS)                    2023                   2022             
 ────────────────────────────────────────────────────────────────────────
  Other income                  $             88          $         73  
  Direct operating costs        (29)                   (31)             
  Adjusted EBITDA (1)           59                       42             
  Current income taxes          —                       (1)             
  Management service costs      (205)                 (243)             
  Interest expense              (114)                  (94)             
  Distributions (2)             (97)                   (99)             
  Funds From Operations         $          (357)          $      (395)  

(1) Non-IFRS measures. For reconciliations to the most directly comparable IFRS measure see “ Reconciliation of Non-IFRS Measures” in this Management’s Discussion and Analysis.

(2) Distributions on Preferred Units and Class A Preference Shares and Perpetual Subordinated Notes.

RECONCILIATION OF NON-IFRS MEASURES

The following table reconciles the non-IFRS financial measures to the most directly comparable IFRS measures. Net income (loss) is reconciled to Adjusted EBITDA for the year endedDecember 31, 2024:

                                                                                             Hydroelectric                                 Wind      Utility-scale solar      Distributed energy & storage      Corporate  
  (MILLIONS)                                                                                 North America      Brazil      Colombia                                                                                       
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