| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net income | ||||||
4,551 | 3,338 | |||||
Other income and gains | ||||||
-1,180 | -482 | |||||
Share of undistributed equity accounted earnings | ||||||
481 | 618 | |||||
Fair value changes | ||||||
421 | -130 | |||||
Depreciation and amortization | ||||||
2,345 | 2,020 | |||||
Deferred income taxes | ||||||
327 | -558 | |||||
Investments in residential inventory | ||||||
19 | -243 | |||||
Net change in non-cash working capital balances | ||||||
1,155 | 504 | |||||
Cash flows from (used in) operating activities | ||||||
4,005 | 3,083 | |||||
Financing activities | ||||||
Corporate borrowings arranged | ||||||
1,284 | 869 | |||||
Corporate borrowings repaid | ||||||
434 | 232 | |||||
Commercial paper and bank borrowings, net | ||||||
-103 | 171 | |||||
Subsidiary equity obligations redeemed | ||||||
347 | 177 | |||||
Non-recourse borrowings arranged | ||||||
26,251 | 23,826 | |||||
Non-recourse borrowings repaid | ||||||
21,636 | 20,373 | |||||
Non-recourse credit facilities, net | ||||||
819 | -1,690 | |||||
Subsidiary equity obligations issued | ||||||
419 | 9 | |||||
Capital provided from non-controlling interests | ||||||
9,488 | 10,554 | |||||
Capital repaid to non-controlling interests | ||||||
2,295 | 2,905 | |||||
Distributions to non-controlling interests | ||||||
4,907 | 2,163 | |||||
Distributions to shareholders | ||||||
685 | 633 | |||||
Cash flows from (used in) financing activities | ||||||
8,185 | 6,993 | |||||
Investing activities | ||||||
Acquisitions | ||||||
Investment properties | ||||||
2,114 | 1,969 | |||||
Property, plant and equipment | ||||||
1,690 | 1,472 | |||||
Equity accounted investments | ||||||
2,718 | 1,237 | |||||
Financial assets and other | ||||||
4,623 | 3,747 | |||||
Acquisition of subsidiaries | ||||||
10,336 | 9,442 | |||||
Dispositions | ||||||
Investment properties | ||||||
2,906 | 4,014 | |||||
Property, plant and equipment | ||||||
66 | 65 | |||||
Equity accounted investments | ||||||
889 | 1,050 | |||||
Financial assets and other | ||||||
2,843 | 3,955 | |||||
Disposition of subsidiaries | ||||||
2,834 | 360 | |||||
Restricted cash and deposits | ||||||
549 | -134 | |||||
Cash flows from (used in) investing activities | ||||||
-11,394 | -8,557 | |||||
Cash and cash equivalents | ||||||
Change in cash and cash equivalents | ||||||
796 | 1,519 | |||||
Net change in cash classified within assets held for sale | ||||||
-20 | 0 | |||||
Foreign exchange revaluation | ||||||
64 | 6 | |||||
Income taxes paid | ||||||
402 | 371 | |||||
Interest paid | ||||||
3,374 | 3,062 | |||||