Brookfield Renewable Corp (BEPC) financial statements: income statement, balance sheet and cash flow
Brookfield Renewable Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Brookfield Renewable Corp reported revenue of $3.7B (-10.0% year on year).
Income statement
Brookfield Renewable Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$3.7B
$4.1B
$4.0B
$3.8B
Other income
$194.0M
$429.0M
$584.0M
$93.0M
Direct operating costs
($1.5B)
($1.8B)
($1.5B)
($1.2B)
Management service costs
($110.0M)
($106.0M)
($88.0M)
($169.0M)
Interest expense
($1.7B)
($1.7B)
($1.3B)
($1.0B)
Share of loss from equity-accounted investments
($8.0M)
($24.0M)
($8.0M)
$6.0M
Foreign exchange and financial instruments gain
$91.0M
$238.0M
$159.0M
($69.0M)
Depreciation
($1.2B)
($1.3B)
($1.3B)
($1.2B)
Other
($183.0M)
($76.0M)
($61.0M)
($86.0M)
Remeasurement of interests held in BRHC by the partnership
($813.0M)
$58.0M
—
—
Remeasurement of BEPC exchangeable and class A.2 exchangeable shares
-848.0M
61.0M
—
—
Remeasurement of exchangeable and class B shares of BRHC
0
574.0M
-106.0M
1.8B
Current
($119.0M)
($100.0M)
($113.0M)
($133.0M)
Deferred
$132.0M
($67.0M)
$40.0M
$15.0M
Total income tax recovery
$13.0M
($167.0M)
($73.0M)
($118.0M)
Net (loss) income
($2.3B)
$433.0M
$308.0M
$1.9B
Net income allocated to participating non-controlling interests – in a holding subsidiary held by the partnership
$2.0M
$390.0M
$970.0M
$672.0M
The partnership
($2.3B)
$236.0M
($181.0M)
$1.5B
Brookfield Renewable Corp income statement, quarters
Line item
Jun 30, 2026 · YTD
Jun 30, 2025 · YTD
Jun 30, 2024 · YTD
Jun 30, 2023 · YTD
Revenues
$2.0B
$1.9B
$2.1B
$2.0B
Other income
$158.0M
$62.0M
$67.0M
$52.0M
Direct operating costs
($868.0M)
($721.0M)
($903.0M)
($612.0M)
Management service costs
($91.0M)
($49.0M)
($43.0M)
—
Interest expense
($760.0M)
($838.0M)
($704.0M)
($621.0M)
Share of earnings (losses) from equity-accounted investments
($4.0M)
($1.0M)
($22.0M)
$0
Foreign exchange and financial instruments loss
($83.0M)
($47.0M)
$66.0M
$101.0M
Depreciation
($595.0M)
($626.0M)
($657.0M)
($633.0M)
Other
($48.0M)
($32.0M)
$2.0M
$18.0M
Remeasurement of interests held in BRHC by the partnership
($1.5B)
($529.0M)
—
—
Remeasurement of exchangeable and class B shares of BRHC
-1.2B
0
271.0M
-683.0M
Current
($53.0M)
($48.0M)
($29.0M)
($72.0M)
Deferred
$37.0M
$42.0M
($10.0M)
($9.0M)
Total income tax (expense) recovery
($16.0M)
($6.0M)
($39.0M)
($81.0M)
Net (loss) income attributable to non-controlling interests
($111.0M)
($47.0M)
$3.0M
$214.0M
The partnership
($3.0B)
($1.4B)
$149.0M
($774.0M)
Net loss
($3.1B)
($1.5B)
$152.0M
($560.0M)
Balance sheet
Brookfield Renewable Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$682.0M
$624.0M
$627.0M
$642.0M
Restricted cash
$21.0M
$39.0M
$165.0M
$44.0M
Trade receivables and other current assets
$992.0M
$933.0M
$955.0M
$1.3B
Financial instrument assets
$157.0M
$102.0M
$124.0M
$106.0M
Due from related parties
$1.6B
$1.4B
$1.4B
$615.0M
Assets held for sale
$466.0M
$12.0M
$0
$698.0M
Total current assets
$3.9B
$3.1B
$3.3B
$3.4B
Financial instrument assets
$435.0M
$684.0M
$301.0M
$481.0M
Equity-accounted investments
$1.0B
$753.0M
$644.0M
$451.0M
Property, plant and equipment, at fair value
$39.7B
$38.7B
$44.0B
$37.8B
Goodwill
$809.0M
$692.0M
$854.0M
$723.0M
Deferred income tax assets
$179.0M
$56.0M
$102.0M
$70.0M
Other long-term assets
$188.0M
$134.0M
$184.0M
$101.0M
Total Assets
$46.3B
$44.1B
$49.4B
$43.3B
Accounts payable and accrued liabilities
$777.0M
$571.0M
$807.0M
$621.0M
Financial instrument liabilities
$405.0M
$244.0M
$441.0M
$270.0M
Due to related parties
$1.0B
$544.0M
$456.0M
$464.0M
Non-recourse borrowings
$2.8B
$1.3B
$1.9B
$1.3B
Provisions
$7.0M
$13.0M
$19.0M
$16.0M
Liabilities directly associated with assets held for sale
$220.0M
—
$0
$217.0M
Interests held in BRHC by the partnership
$5.2B
$4.4B
—
—
Total current liabilities
$15.5B
$11.3B
$8.3B
$7.3B
Financial instrument liabilities
$474.0M
$408.0M
$1.4B
$578.0M
Non-recourse borrowings
$12.5B
$12.5B
$14.2B
$12.4B
Deferred income tax liabilities
$7.3B
$6.5B
$5.8B
$5.3B
Provisions
$349.0M
$416.0M
$926.0M
$341.0M
Due to related parties
$485.0M
$541.0M
$930.0M
—
Other long-term liabilities
$443.0M
$416.0M
$725.0M
$615.0M
Non-controlling interests
$18.9B
$21.3B
($21.9B)
$21.4B
The partnership
($406.0M)
$1.3B
$5.8B
$5.9B
Total Equity
$9.2B
$12.1B
$17.1B
$16.8B
Total Liabilities and Equity
$46.3B
$44.1B
$49.4B
$43.3B
Brookfield Renewable Corp balance sheet, quarters
Line item
Jun 30, 2026
Jun 30, 2025
Jun 30, 2024
Jun 30, 2023
Cash and cash equivalents
$756.0M
$556.0M
$614.0M
$595.0M
Restricted cash
$48.0M
$31.0M
$30.0M
$49.0M
Trade receivables and other current assets
$1.1B
$955.0M
$865.0M
$1.1B
Financial instrument assets
$110.0M
$92.0M
$132.0M
$117.0M
Due from related parties
$2.5B
$2.1B
$1.2B
$963.0M
Assets held for sale
$2.8B
$14.0M
$155.0M
$230.0M
Current assets
$7.2B
$3.7B
$2.9B
$3.1B
Financial instrument assets
$437.0M
$419.0M
$244.0M
$356.0M
Equity-accounted investments
$999.0M
$816.0M
$637.0M
$561.0M
Property, plant and equipment, at fair value
$38.8B
$40.1B
$37.8B
$39.2B
Goodwill
$847.0M
$755.0M
$794.0M
$790.0M
Deferred income tax assets
$197.0M
$87.0M
$90.0M
$71.0M
Other long-term assets
$199.0M
$160.0M
$140.0M
$127.0M
Total Assets
$48.7B
$46.0B
$42.6B
$44.2B
Accounts payable and accrued liabilities
$668.0M
$586.0M
$530.0M
$565.0M
Financial instrument liabilities
$609.0M
$468.0M
$339.0M
$276.0M
Due to related parties
$1.3B
$1.4B
$624.0M
$513.0M
Non-recourse borrowings
$1.3B
$1.6B
$1.3B
$999.0M
Provisions
$14.0M
$7.0M
$14.0M
$13.0M
Liabilities directly associated with assets held for sale
$1.0B
—
$44.0M
$193.0M
Interests held in BRHC by the partnership
$6.8B
$5.0B
—
—
BEPC exchangeable and class A.2 exchangeable shares
6.5B
4.7B
4.5B
5.3B
Current liabilities
$18.2B
$13.7B
$7.3B
$7.9B
Financial instrument liabilities
$738.0M
$471.0M
$414.0M
$448.0M
Non-recourse borrowings
$14.1B
$12.8B
$12.8B
$12.8B
Deferred income tax liabilities
$7.5B
$6.8B
$5.5B
$5.6B
Provisions
$361.0M
$441.0M
$469.0M
$375.0M
Due to related parties
$528.0M
$548.0M
$677.0M
—
Other long-term liabilities
$483.0M
$469.0M
$492.0M
$618.0M
Non-controlling interests
$10.1B
$10.6B
$9.3B
$11.1B
The partnership
($3.3B)
$116.0M
$5.5B
$5.4B
Total Equity
$6.7B
$10.8B
$14.8B
$16.5B
Total Liabilities and Equity
$48.7B
$46.0B
$42.6B
$44.2B
Cash flow statement
Brookfield Renewable Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net (loss) income
($2.3B)
$433.0M
$308.0M
$1.9B
Depreciation
$1.2B
$1.3B
$1.3B
$1.2B
Unrealized financial instrument gain
($99.0M)
($265.0M)
($159.0M)
$191.0M
Share of loss from equity-accounted investments
$8.0M
$24.0M
$8.0M
($6.0M)
Deferred income tax (recovery) expense
($132.0M)
$67.0M
($40.0M)
($15.0M)
Other non-cash items
$209.0M
($150.0M)
($361.0M)
$2.0M
Remeasurement of interests held in BRHC by the partnership
$813.0M
($58.0M)
—
—
Remeasurement of BEPC exchangeable and class A.2 exchangeable shares
848.0M
61.0M
—
—
Remeasurement of exchangeable and class B shares of BRHC
0
-574.0M
106.0M
-1.8B
Dividends received from equity-accounted investments
$7.0M
$74.0M
$14.0M
$4.0M
Cash flows from (used in) operations before changes in related parties and working capital balances
$551.0M
$752.0M
$1.2B
$1.4B
Changes in due to or from related parties
$45.0M
$61.0M
($20.0M)
($18.0M)
Net change in working capital balances
($94.0M)
($264.0M)
$405.0M
($103.0M)
Cash flows from (used in) operating activities
$502.0M
$549.0M
$1.6B
$1.3B
Proceeds from non-recourse borrowings
$4.2B
$3.9B
$2.6B
$3.5B
Repayment of non-recourse borrowings
($2.8B)
($3.1B)
($2.0B)
($2.6B)
Capital contributions from non-controlling interests
$1.2B
$268.0M
$189.0M
$369.0M
Capital repaid to non-controlling interests
($803.0M)
($133.0M)
($169.0M)
($54.0M)
Exchangeable share issuance
$0
$0
$251.0M
—
To participating non-controlling interests
($1.9B)
($410.0M)
($669.0M)
($1.3B)
To the partnership by BRHC
($5.0M)
$0
$0
($78.0M)
Related party borrowings, net
$206.0M
($336.0M)
($807.0M)
($242.0M)
Net cash flows from (used in) financing activities
$96.0M
$192.0M
($636.0M)
($402.0M)
Acquisitions, net of cash and cash equivalents in acquired entity
$0
$0
($180.0M)
($48.0M)
Acquisitions of equity-accounted investments
($153.0M)
($110.0M)
($22.0M)
—
Investment in property, plant and equipment
($1.1B)
($949.0M)
($1.0B)
($847.0M)
Proceeds from disposal of assets
$568.0M
$810.0M
$109.0M
$92.0M
Purchase of financial assets
$0
($575.0M)
—
—
Proceeds from financial assets
$314.0M
$172.0M
—
—
Restricted cash and other
($167.0M)
($13.0M)
($31.0M)
$65.0M
Cash flows from (used in) investing activities
($576.0M)
($665.0M)
($1.0B)
($738.0M)
Increase (decrease)
$22.0M
($1.0M)
($15.0M)
—
Foreign exchange gain (loss) on cash
$44.0M
($77.0M)
$36.0M
($19.0M)
Net change in cash classified within assets held for sale