Cash flow Brookfield Infrastructure Partners L.P.

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BIP

BMG162521014

Consumer Goods Conglomerates

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38.95 ^USD	-0.79%		+3.14%	+11.66%

06-16	Brookfield-Backed Data-Center Company Csquare Files for IPO	DJ
06-01	TSX Closer: The Index Edges Down, But Still Near Its Record Close As CIBC Flags Its Top 10 Best Ideas For June	MT

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Published financial data: BROOKFIELD INFRASTRUCTURE PARTNERS L.P.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	11.54B	14.43B	17.93B	21.04B	23.1B
Total Revenues	11.54B	14.43B	17.93B	21.04B	23.1B
Cost of Goods Sold, Total	8.25B	10.51B	13.47B	15.68B	16.88B
Gross Profit	3.29B	3.92B	4.46B	5.36B	6.22B
Selling General & Admin Expenses, Total	406M	433M	413M	405M	426M
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses, Total	406M	433M	413M	405M	426M
Operating Income	2.88B	3.48B	4.05B	4.96B	5.8B
Interest Expense, Total	-1.47B	-1.86B	-2.5B	-3.39B	-3.87B
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-1.47B	-1.86B	-2.5B	-3.39B	-3.87B
Income (Loss) On Equity Invest.	88M	12M	459M	439M	627M
Currency Exchange Gains (Loss)	-	-	-146M	-26M	-548M
Other Non Operating Income (Expenses)	764M	294M	167M	-582M	834M
EBT, Excl. Unusual Items	2.27B	1.94B	2.03B	1.4B	2.84B
Merger & Related Restructuring Charges	-65M	-	-128M	-55M	-57M
Gain (Loss) On Sale Of Investments	75M	-	30M	-	260M
Gain (Loss) On Sale Of Assets	1.06B	-	100M	6M	75M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	600M	-
EBT, Incl. Unusual Items	3.33B	1.94B	2.03B	1.95B	3.12B
Income Tax Expense	614M	560M	581M	270M	589M
Earnings From Continuing Operations	2.72B	1.38B	1.45B	1.68B	2.53B
Net Income to Company	2.72B	1.38B	1.45B	1.68B	2.53B
Minority Interest	-2.06B	-1.25B	-1.35B	-1.63B	-2.08B
Net Income - (IS)	654M	125M	102M	57M	449M
Preferred Dividend and Other Adjustments	41M	38M	38M	40M	34M
Net Income to Common Incl Extra Items	613M	87M	64M	17M	415M
Net Income to Common Excl. Extra Items	613M	87M	64M	17M	415M
Per Share Items
Net EPS - Basic	1.38	0.19	0.14	0.04	0.9
Basic EPS - Continuing Operations	1.38	0.19	0.14	0.04	0.9
Basic Weighted Average Shares Outstanding	445M	458M	459M	462M	460M
Net EPS - Diluted	1.38	0.19	0.14	0.04	0.9
Diluted EPS - Continuing Operations	1.38	0.19	0.14	0.04	0.9
Diluted Weighted Average Shares Outstanding	445M	458M	459M	462M	460M
Normalized Basic EPS	-1.45	-0.09	-0.17	-1.62	-0.67
Normalized Diluted EPS	-1.45	-0.09	-0.17	-1.62	-0.67
Dividend Per Share	1.36	1.44	1.53	1.62	1.72
Payout Ratio	99.24	558.4	724.51	1.38K	186.86
Supplemental Items
EBITDA	4.92B	5.64B	6.79B	8.6B	9.82B
EBITA	3.4B	4.04B	4.82B	5.78B	6.71B
EBIT	2.88B	3.48B	4.05B	4.96B	5.8B
Effective Tax Rate - (Ratio)	18.42	28.94	28.63	13.82	18.87
Current Foreign Taxes	374M	474M	576M	594M	745M
Total Current Taxes	374M	474M	576M	594M	745M
Deferred Foreign Taxes	240M	86M	5M	-324M	-156M
Total Deferred Taxes	240M	86M	5M	-324M	-156M
Normalized Net Income	-648M	-40.62M	-79.12M	-750M	-306M
Interest on Long-Term Debt	1.24B	1.6B	2.25B	3.04B	3.49B
Non-Cash Pension Expense	37M	26M	18M	15M	5M
Supplemental Operating Expense Items
General and Administrative Expenses	406M	433M	413M	405M	426M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.41B	1.28B	1.86B	2.07B	3.2B
Short Term Investments	556M	1.13B	801M	451M	274M
Trading Asset Securities, Total	58M	111M	42M	79M	107M
Total Cash And Short Term Investments	2.02B	2.52B	2.7B	2.6B	3.58B
Accounts Receivable, Total	1.88B	2.31B	3.67B	3.78B	4.57B
Notes Receivable	47M	29M	68M	94M	119M
Total Receivables	1.92B	2.34B	3.73B	3.87B	4.69B
Inventory	400M	531M	512M	454M	583M
Prepaid Expenses	328M	315M	1.01B	676M	766M
Other Current Assets, Total	225M	980M	23M	2B	2.36B
Total Current Assets	4.9B	6.69B	7.98B	9.61B	11.98B
Gross Property Plant And Equipment	42.85B	42.69B	55.77B	60.11B	78.55B
Accumulated Depreciation	-4.19B	-5.4B	-7.22B	-9.26B	-11.76B
Net Property Plant And Equipment	38.66B	37.29B	48.55B	50.85B	66.8B
Long-term Investments	5.17B	5.98B	5.93B	6.21B	6.75B
Goodwill	8.98B	8.79B	14.49B	14.1B	19.21B
Other Intangibles, Total	14.21B	11.82B	15.84B	14.52B	15.76B
Accounts Receivable Long-Term	667M	1B	2.72B	3.02B	3.49B
Loans Receivable Long-Term	63M	30M	75M	154M	109M
Deferred Tax Assets Long-Term	160M	111M	107M	120M	208M
Other Long-Term Assets, Total	1.15B	1.26B	5.09B	6.01B	3.84B
Total Assets	73.96B	72.97B	101B	105B	128B
Liabilities
Accounts Payable, Total	1.88B	1.87B	2.25B	2.15B	2.51B
Accrued Expenses, Total	1.1B	1.4B	1.73B	1.81B	2.23B
Short-term Borrowings	431M	464M	989M	850M	735M
Current Portion of Long-Term Debt	2.76B	2.79B	5.15B	2.99B	6.11B
Current Portion of Leases	416M	384M	429M	610M	611M
Unearned Revenue Current, Total	338M	460M	490M	581M	680M
Other Current Liabilities	1.74B	1.02B	665M	1.91B	2.39B
Total Current Liabilities	8.66B	8.38B	11.7B	10.9B	15.26B
Long-Term Debt	26.33B	27.27B	40.18B	47.6B	58.09B
Long-Term Leases	3.42B	3.04B	3.2B	4.51B	3.97B
Unearned Revenue Non Current	366M	254M	462M	425M	435M
Pension & Other Post Retirement Benefits	172M	8M	36M	26M	55M
Deferred Tax Liability Non Current	6.01B	5.98B	7.9B	7.67B	9.8B
Other Non Current Liabilities	2.61B	2.5B	3.28B	3.6B	5B
Total Liabilities	47.57B	47.42B	66.77B	74.74B	92.61B
Preferred Stock Redeemable	1.14B	918M	918M	918M	729M
Total Preferred Equity	1.14B	918M	918M	918M	729M
Common Stock, Total	6.07B	6.09B	6.2B	6.21B	6.2B
Retained Earnings	-2.12B	-2.66B	-3.25B	-3.98B	-4.23B
Comprehensive Income and Other	1.75B	1.94B	2.37B	2.48B	2.92B
Total Common Equity	5.7B	5.37B	5.32B	4.7B	4.89B
Minority Interest	19.55B	19.26B	27.78B	24.23B	29.92B
Total Equity	26.39B	25.55B	34.02B	29.85B	35.54B
Total Liabilities And Equity	73.96B	72.97B	101B	105B	128B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	458M	458M	461M	462M	460M
ECS Total Common Shares Outstanding	458M	458M	461M	462M	460M
Book Value / Share	12.45	11.72	11.53	10.19	10.62
Tangible Book Value	-17.49B	-15.24B	-25.01B	-23.92B	-30.09B
Tangible Book Value Per Share	-38.2	-33.25	-54.22	-51.79	-65.33
Total Debt	33.35B	33.94B	49.95B	56.56B	69.52B
Net Debt	31.17B	31.25B	47.07B	53.96B	65.85B
Debt Equivalent of Unfunded Proj. Benefit Obligation	192M	25M	5M	-75M	-14M
Minority Interest, Total (Incl. Fin. Div)	19.55B	19.26B	27.78B	24.23B	29.92B
Equity Method Investments, Total	4.72B	5.32B	5.4B	5.67B	6.38B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	268M	338M	420M	396M	509M
Inventories - Finished Goods, Total	132M	193M	92M	58M	74M
Machinery, Total	10.04B	10.38B	20.28B	18.97B	19.05B
Order Backlog	1.7B	5.22B	5.65B	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	654M	125M	102M	57M	449M
Depreciation & Amortization - CF	1.52B	1.6B	1.97B	2.82B	3.11B
Amortization of Goodwill and Intangible Assets - (CF)	514M	561M	770M	824M	910M
Depreciation & Amortization, Total	2.04B	2.16B	2.74B	3.64B	4.02B
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	69M	563M	323M	-156M	485M
Other Operating Activities, Total	537M	1.19B	1.55B	1.33B	1.42B
Change In Accounts Receivable	-190M	-445M	-124M	136M	-
Change In Accounts Payable	-323M	-342M	-43M	-349M	-131M
Change in Other Net Operating Assets	-11M	-117M	-471M	-13M	-277M
Cash from Operations	2.77B	3.13B	4.08B	4.65B	5.97B
Capital Expenditure	-2.07B	-2.78B	-2.49B	-4.98B	-6.02B
Sale of Property, Plant, and Equipment	85M	41M	162M	609M	321M
Cash Acquisitions	-2.92B	-479M	-10.75B	-2.52B	-10.03B
Divestitures	3.28B	198M	602M	77M	2.76B
Investment in Marketable and Equity Securities, Total	429M	-528M	200M	0	534M
Other Investing Activities, Total	19M	178M	-720M	-89M	-221M
Cash from Investing	-1.17B	-3.36B	-12.99B	-6.9B	-12.66B
Short Term Debt Issued, Total	431M	33M	525M	-	-
Long-Term Debt Issued, Total	22.68B	13.1B	20.54B	27.61B	19.37B
Total Debt Issued	23.11B	13.14B	21.06B	27.61B	19.37B
Short Term Debt Repaid, Total	-	-	-	-139M	-115M
Long-Term Debt Repaid, Total	-22.52B	-9.75B	-15.69B	-19.32B	-11.57B
Total Debt Repaid	-22.52B	-9.75B	-15.69B	-19.46B	-11.68B
Issuance of Common Stock	1.07B	13M	-	11M	-
Repurchase of Common Stock	-	-	-13M	-	-9M
Issuance of Preferred Stock	200M	-	-	-	-
Repurchase of Preferred Stock	-199M	-243M	-	-	-181M
Common Dividends Paid	-608M	-660M	-701M	-748M	-793M
Preferred Dividends Paid	-41M	-38M	-38M	-40M	-46M
Common & Preferred Stock Dividends Paid	-649M	-698M	-739M	-788M	-839M
Other Financing Activities, Total	-2.01B	-2.4B	4.8B	-4.77B	1.16B
Cash from Financing	-995M	56M	9.42B	2.61B	7.82B
Foreign Exchange Rate Adjustments	-65M	88M	71M	-150M	47M
Miscellaneous Cash Flow Adjustments	-	-37M	-	-	-45M
Net Change in Cash	539M	-127M	578M	214M	1.13B
Supplemental Items
Cash Interest Paid	1.07B	1.64B	2.13B	3.29B	3.56B
Cash Income Tax Paid (Refund)	262M	364M	524M	597M	664M
Levered Free Cash Flow	1.77B	-1.21B	499M	-755M	-831M
Unlevered Free Cash Flow	2.69B	-47.5M	2.06B	1.36B	1.59B
Change In Net Working Capital	-914M	1.61B	720M	406M	37M
Net Debt Issued / Repaid	589M	3.38B	5.37B	8.16B	7.69B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.66	2.96	2.91	3.02	3.11
Return on Total Capital	3.3	3.65	3.53	3.64	3.79
Return On Equity %	11.31	5.29	4.86	5.27	7.74
Return on Common Equity	12.34	1.57	1.2	0.34	8.65
Margin Analysis
Gross Profit Margin %	28.52	27.15	24.88	25.49	26.94
SG&A Margin	3.52	3	2.3	1.92	1.84
EBITDA Margin %	42.65	39.11	37.85	40.89	42.52
EBITA Margin %	29.45	28.04	26.87	27.48	29.04
EBIT Margin %	25	24.15	22.58	23.57	25.1
Income From Continuing Operations Margin %	23.57	9.53	8.08	8	10.96
Net Income Margin %	5.67	0.87	0.57	0.27	1.94
Net Avail. For Common Margin %	5.31	0.6	0.36	0.08	1.8
Normalized Net Income Margin	-5.61	-0.28	-0.44	-3.56	-1.33
Levered Free Cash Flow Margin	15.32	-8.37	2.78	-3.59	-3.6
Unlevered Free Cash Flow Margin	23.28	-0.33	11.5	6.47	6.87
Asset Turnover
Asset Turnover	0.17	0.2	0.21	0.2	0.2
Fixed Assets Turnover	0.33	0.38	0.42	0.42	0.39
Receivables Turnover (Average Receivables)	6.89	6.89	6	5.65	5.53
Inventory Turnover (Average Inventory)	26.56	22.58	25.83	32.46	32.55
Short Term Liquidity
Current Ratio	0.57	0.8	0.68	0.88	0.78
Quick Ratio	0.45	0.58	0.54	0.59	0.53
Operating Cash Flow to Current Liabilities	0.32	0.37	0.35	0.43	0.39
Days Sales Outstanding (Average Receivables)	53.01	52.99	60.85	64.76	65.96
Days Outstanding Inventory (Average Inventory)	13.74	16.17	14.13	11.28	11.21
Average Days Payable Outstanding	72.3	64.3	55.97	51.64	50.01
Cash Conversion Cycle (Average Days)	-5.55	4.86	19.02	24.4	27.16
Long Term Solvency
Total Debt/Equity	126.38	132.82	146.84	189.46	195.6
Total Debt / Total Capital	55.83	57.05	59.49	65.45	66.17
LT Debt/Equity	112.74	118.6	127.52	174.56	174.63
Long-Term Debt / Total Capital	49.8	50.94	51.66	60.31	59.08
Total Liabilities / Total Assets	64.32	64.98	66.25	71.46	72.27
EBIT / Interest Expense	1.96	1.88	1.62	1.46	1.5
EBITDA / Interest Expense	3.35	3.04	2.71	2.54	2.54
(EBITDA - Capex) / Interest Expense	1.94	1.55	1.72	1.07	0.98
Total Debt / EBITDA	6.78	6.02	7.36	6.58	7.08
Net Debt / EBITDA	6.33	5.54	6.94	6.27	6.7
Total Debt / (EBITDA - Capex)	11.69	11.84	11.62	15.59	18.3
Net Debt / (EBITDA - Capex)	10.92	10.9	10.95	14.88	17.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	29.85	25.05	24.29	17.33	9.8
Gross Profit, 1 Yr. Growth %	40.78	19.06	13.89	20.22	16.05
EBITDA, 1 Yr. Growth %	31.9	14.67	20.29	26.74	14.18
EBITA, 1 Yr. Growth %	36.85	19.04	19.11	20.01	16.02
EBIT, 1 Yr. Growth %	42.42	20.8	16.19	22.48	16.94
Earnings From Cont. Operations, 1 Yr. Growth %	200.77	-49.43	5.31	16.23	50.45
Net Income, 1 Yr. Growth %	319.23	-80.89	0.99	-44.12	687.72
Normalized Net Income, 1 Yr. Growth %	167.84	-93.73	-11.72	847.55	-59.17
Diluted EPS Before Extra, 1 Yr. Growth %	403.2	-86.21	1.3	-73.56	2.35K
Accounts Receivable, 1 Yr. Growth %	27.19	23.29	58.5	3.08	20.93
Inventory, 1 Yr. Growth %	81	32.75	-3.58	-11.33	28.41
Net Property, Plant and Equip., 1 Yr. Growth %	22.39	-3.53	30.18	4.74	31.37
Total Assets, 1 Yr. Growth %	20.59	-1.34	38.12	3.78	22.53
Tangible Book Value, 1 Yr. Growth %	23.45	-12.88	64.13	-4.37	25.79
Common Equity, 1 Yr. Growth %	34.7	-5.79	-0.95	-11.6	3.93
Cash From Operations, 1 Yr. Growth %	9.57	12.95	30.25	14.1	28.33
Capital Expenditures, 1 Yr. Growth %	40.42	34.25	-10.38	100.04	21.09
Levered Free Cash Flow, 1 Yr. Growth %	-39.55	-168.26	-141.34	-251.37	10.01
Unlevered Free Cash Flow, 1 Yr. Growth %	-26.66	-101.77	-4.44K	-33.96	16.52
Dividend Per Share, 1 Yr. Growth %	5.16	5.88	6.25	5.88	6.17
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	32.24	27.43	24.67	20.76	13.5
Gross Profit, 2 Yr. CAGR %	28.64	29.46	16.44	17.01	18.12
EBITDA, 2 Yr. CAGR %	29.74	22.99	17.45	23.48	20.3
EBITA, 2 Yr. CAGR %	41.01	41.33	29.25	28.82	28.73
EBIT, 2 Yr. CAGR %	29.91	31.17	18.47	19.29	19.68
Earnings From Cont. Operations, 2 Yr. CAGR %	104.53	23.33	-27.02	10.63	32.24
Net Income, 2 Yr. CAGR %	254.64	-10.49	-57.17	-24.88	109.81
Normalized Net Income, 2 Yr. CAGR %	499.77	500.93	-76.16	189.23	98.27
Diluted EPS Before Extra, 2 Yr. CAGR %	457.28	-16.7	-65.3	-48.25	154.45
Accounts Receivable, 2 Yr. CAGR %	3.8	25.23	39.79	27.82	11.65
Inventory, 2 Yr. CAGR %	28.56	55.01	13.14	-7.53	6.71
Net Property, Plant and Equip., 2 Yr. CAGR %	29.6	8.66	12.07	16.77	17.3
Total Assets, 2 Yr. CAGR %	14.61	9.08	16.73	19.72	12.76
Tangible Book Value, 2 Yr. CAGR %	4.91	3.71	19.58	25.28	9.68
Common Equity, 2 Yr. CAGR %	6.28	12.65	-3.4	-6.42	-4.15
Cash From Operations, 2 Yr. CAGR %	13.73	11.25	21.29	21.91	21
Capital Expenditures, 2 Yr. CAGR %	32.24	37.3	9.69	33.9	55.63
Levered Free Cash Flow, 2 Yr. CAGR %	144.86	-35.76	-46.88	-20.9	29.04
Unlevered Free Cash Flow, 2 Yr. CAGR %	215.3	-88.61	-12.37	435.43	-12.28
Dividend Per Share, 2 Yr. CAGR %	0.74	5.52	6.07	6.07	6.03
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	35.36	29.8	26.37	22.17	16.99
Gross Profit, 3 Yr. CAGR %	10.42	25.37	24.05	17.69	16.69
EBITDA, 3 Yr. CAGR %	30.36	24.51	22.08	20.47	20.3
EBITA, 3 Yr. CAGR %	33.76	33.27	33.5	26.09	24.41
EBIT, 3 Yr. CAGR %	26.64	26.8	25.97	19.79	18.5
Earnings From Cont. Operations, 3 Yr. CAGR %	49.98	28.37	17	-14.78	22.57
Net Income, 3 Yr. CAGR %	50.46	33.96	-13.21	-53.2	64.43
Normalized Net Income, 3 Yr. CAGR %	90.27	31.17	312.78	-18.64	50.6
Diluted EPS Before Extra, 3 Yr. CAGR %	51.97	62.39	-20.16	-68.31	87.19
Accounts Receivable, 3 Yr. CAGR %	21.57	9.93	35.46	26.29	25.48
Inventory, 3 Yr. CAGR %	41.56	29.94	32.32	4.31	3.16
Net Property, Plant and Equip., 3 Yr. CAGR %	44.49	17.46	15.41	9.57	21.45
Total Assets, 3 Yr. CAGR %	26.45	9.02	18.01	12.24	20.65
Tangible Book Value, 3 Yr. CAGR %	16.79	-1.39	20.86	11	25.45
Common Equity, 3 Yr. CAGR %	8.11	2.1	7.92	-6.21	-3.09
Cash From Operations, 3 Yr. CAGR %	26.73	13.47	17.25	18.84	24.01
Capital Expenditures, 3 Yr. CAGR %	35.06	32.91	19.1	34.01	29.48
Levered Free Cash Flow, 3 Yr. CAGR %	73.82	59.96	-44.54	-24.69	-11.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	57.8	-43.98	-17.42	-20.26	222.06
Dividend Per Share, 3 Yr. CAGR %	2.76	2.43	5.76	6	6.1
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	40.4	32.48	30.98	26.11	21.06
Gross Profit, 5 Yr. CAGR %	25.61	14.09	12.79	21.95	21.64
EBITDA, 5 Yr. CAGR %	40.9	25.85	25.03	24.09	21.37
EBITA, 5 Yr. CAGR %	50.57	29.38	27.68	27.6	27.07
EBIT, 5 Yr. CAGR %	45.72	25.57	23.31	23.74	23.42
Earnings From Cont. Operations, 5 Yr. CAGR %	38.79	19.09	12.43	20.96	22.87
Net Income, 5 Yr. CAGR %	18.07	62.59	-11.88	1.85	23.54
Normalized Net Income, 5 Yr. CAGR %	46.37	-15.82	-3.39	110.83	206.87
Diluted EPS Before Extra, 5 Yr. CAGR %	12.87	46.95	-18.71	-3.65	26.94
Accounts Receivable, 5 Yr. CAGR %	36.56	25.67	28.56	16.77	25.38
Inventory, 5 Yr. CAGR %	31.69	37.51	29.42	13.41	21.41
Net Property, Plant and Equip., 5 Yr. CAGR %	34.89	30.28	30.52	17.18	16.16
Total Assets, 5 Yr. CAGR %	28.3	19.88	22.47	13.18	15.88
Tangible Book Value, 5 Yr. CAGR %	117.91	19.6	17.9	8.52	16.25
Common Equity, 5 Yr. CAGR %	4.34	1.58	3.35	-1.4	2.92
Cash From Operations, 5 Yr. CAGR %	29.78	16.15	24.52	16.77	18.74
Capital Expenditures, 5 Yr. CAGR %	24.54	31.19	24.27	33.3	32.55
Levered Free Cash Flow, 5 Yr. CAGR %	208.04	27.51	8.19	20.69	-22.25
Unlevered Free Cash Flow, 5 Yr. CAGR %	60.6	-40.28	24.71	38.2	-15.4
Dividend Per Share, 5 Yr. CAGR %	5.65	4.42	4.07	3.87	5.87