Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 402

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 402
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 single counterparty but rather encourages spreading such risks among several parties. The limits are set at levels that reflect our company’s scale of activity and allow it to manage its treasury business competitively.

Our company does not have any significant credit risk exposure to any single counterparty or any group of counterparties having similar characteristics other than those described in Note 17, Revenues. Based on our review of key counterparties, we do not have any significant changes in credit losses at this time. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit ratings assigned by international credit rating agencies. Exposure to credit risk is limited to the carrying amount of the assets on the Consolidated Statements of Financial Position.

NOTE 26. SUPPLEMENTAL CASH FLOW INFORMATION

                         For the year ended December 31,                                                 
  US$ MILLIONS           2024                                          2023               2022           
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────
  Interest paid          $                                    954      $         678      $         554  
  Income taxes paid      417                                           318                292            

Amounts paid and received for interest were reflected as operating cash flows in the Consolidated Statements of Cash Flows. Interest paid is net of debt related hedges.

Amounts paid for income taxes were reflected as either operating cash flows or investing cash flows in the Consolidated Statements of Cash Flows depending upon the nature of the underlying transaction.

Details of “ Changes in non-cash working capital, net” on the Consolidated Statements of Cash Flows are as follows:

                                                For the year ended December 31,                                                     
  US$ MILLIONS                                  2024                                          2023                 2022             
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Accounts receivable                           $                                    140      $         ( 85)      $         ( 61)  
  Accounts payable and other                    ( 53)                                         91                   234              
  Changes in non-cash working capital, net      $                                     87      $             6      $           173  

Brookfield Infrastructure Corporation F-63