Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 104

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 5
Chunk 104
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 primarily relate to additional investments in long-lived assets at our U. K. regulated distribution business and our global intermodal logistics operation. Prior year cash used by investing activities primarily related to the acquisition of our global intermodal logistics operation and investments in long lived assets, partially offset by the sale of our 7.9% interest in an Australian regulated utility.

Cash used by financing activities

Cash used by financing activities was $428 million during the year ended December 31, 2024, compared to $2,183 million of cash from financing activities in 2023. Cash used by financing activities in the current year is primarily driven by distributions paid to non-controlling interests, partially offset by incremental borrowings. Cash from financing activities in the prior year was primarily related to funding associated with the acquisition of our global intermodal logistics operation, partially offset by distributions paid to non-controlling interests.

Brookfield Infrastructure Corporation 93

2023 vs. 2022

Cash from operating activities

Cash from operating activities totaled $1,059 million during the year ended December 31, 2023, an increase of $166 million compared to the year ended December 31, 2022. 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 $3,174 million during the year ended December 31, 2023, compared to cash used by investing activities of $1,047 million during the year ended December 31, 2022. Cash used by investing activities during the year ended December 31, 2023 primarily related to the acquisition of our global intermodal logistics operation and investments in long lived assets, partially offset by the sale of our 7.9% interest in an Australian regulated utility. Cash used by investing activities during the year ended December 31, 2022 primarily related to our acquisition of a 7.9% interest in our Australian regulated utility, and investments in long lived and financial assets.

Cash from financing activities

Cash from financing activities was $2,183 million during the year ended December 31, 2023, compared to $4 million of cash used by financing activities in 2022. Cash from financing activities during the year