Brookfield Infrastructure Partners L.P'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 Infrastructure Partners L.P reported revenue of $23.1B (+9.8% year on year) and net income of $2.5B (+50.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $23.1B | $21.0B | $17.9B | $14.4B |
| Direct operating costs | ($16.9B) | ($15.7B) | ($13.5B) | ($10.5B) |
| General and administrative expenses | ($426.0M) | ($405.0M) | ($413.0M) | ($433.0M) |
| Profit (loss) from operating activities | $5.8B | $5.0B | $4.0B | $3.5B |
| Interest expense | ($3.9B) | ($3.4B) | ($2.5B) | ($1.9B) |
| Share of earnings from investments in associates and joint ventures | $627.0M | $439.0M | $459.0M | $12.0M |
| Mark-to-market losses | ($548.0M) | ($26.0M) | ($118.0M) | $202.0M |
| Other income (expense) | $1.1B | ($31.0M) | $141.0M | $92.0M |
| Income before income tax | $3.1B | $2.0B | $2.0B | $1.9B |
| Current | ($745.0M) | ($594.0M) | ($576.0M) | ($474.0M) |
| Deferred | $156.0M | $324.0M | ($5.0M) | ($86.0M) |
| Net income | $2.5B | $1.7B | $1.4B | $1.4B |
| Limited partners | $449.0M | $57.0M | $102.0M | $101.0M |
| General partner | $322.0M | $294.0M | $265.0M | $240.0M |
| Redeemable Partnership Units held by Brookfield | $188.0M | $23.0M | $42.0M | $42.0M |
| BIPC exchangeable shares and class A.2 exchangeable shares | 128.0M | 16.0M | 21.0M | 24.0M |
| Exchangeable units | $4.0M | $1.0M | $2.0M | $0 |
| Interest of others in operating subsidiaries | $1.4B | $1.3B | $1.0B | $968.0M |
| Limited partners, basic (in dollars per unit) | $0.90 | $0.04 | $0.14 | $0.14 |
| Limited partners, diluted (in dollars per unit) | $0.90 | $0.04 | $0.14 | $0.14 |
| Line item | Jun 30, 2026 · YTD | Jun 30, 2025 · YTD | Jun 30, 2024 · YTD | Jun 30, 2023 · YTD |
|---|---|---|---|---|
| Revenues | $12.8B | $10.8B | $10.3B | $8.5B |
| Direct operating costs | ($9.5B) | ($8.0B) | ($7.8B) | ($6.5B) |
| General and administrative expenses | ($223.0M) | ($205.0M) | ($189.0M) | ($212.0M) |
| Profit (loss) from operating activities | $3.1B | $2.7B | $2.3B | $1.8B |
| Interest expense | ($2.1B) | ($1.8B) | ($1.6B) | ($1.1B) |
| Share of earnings (losses) from investments in associates and joint ventures | ($8.0M) | $111.0M | $136.0M | $376.0M |
| Mark-to-market gains (losses) | ($38.0M) | ($265.0M) | ($38.0M) | ($7.0M) |
| Other income | $36.0M | $392.0M | $265.0M | $200.0M |
| Income before income tax | $933.0M | $1.1B | $1.1B | $1.2B |
| Current | ($312.0M) | ($391.0M) | ($294.0M) | ($276.0M) |
| Deferred | $16.0M | $82.0M | $201.0M | $5.0M |
| Net (loss) income | $637.0M | $778.0M | $998.0M | $916.0M |
| Limited partners | ($110.0M) | $20.0M | $18.0M | $161.0M |
| General partner | $172.0M | $160.0M | $147.0M | $132.0M |
| Redeemable Partnership Units held by Brookfield | ($46.0M) | $9.0M | $7.0M | $66.0M |
| BIPC exchangeable shares and class A.2 exchangeable shares | -32.0M | 5.0M | 5.0M | 39.0M |
| Exchangeable units | ($1.0M) | $0 | $1.0M | $3.0M |
| Interest of others in operating subsidiaries | $654.0M | $584.0M | $820.0M | $515.0M |
| Basic (loss) income per limited partner unit (in dollars per share) | -$0.27 | $0.01 | $0.00 | $0.31 |
| Diluted (loss) income per limited partner unit (in dollars per share) | -$0.27 | $0.01 | $0.00 | $0.31 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $3.2B | $2.1B | $1.9B | $1.3B |
| Financial assets | $512.0M | $669.0M | $934.0M | $1.4B |
| Accounts receivable and other | $5.3B | $4.5B | $4.7B | $2.6B |
| Inventory | $583.0M | $454.0M | $512.0M | $531.0M |
| Assets classified as held for sale | $2.3B | $2.0B | $0 | $856.0M |
| Current assets | $12.0B | $9.6B | $8.0B | $6.7B |
| Property, plant and equipment | $66.8B | $50.8B | $48.5B | $37.3B |
| Intangible assets | $15.8B | $14.5B | $15.8B | $11.8B |
| Investments in associates and joint ventures | $6.4B | $5.7B | $5.4B | $5.3B |
| Investment properties | $2.8B | $5.1B | $4.3B | $700.0M |
| Goodwill | $19.2B | $14.1B | $14.5B | $8.8B |
| Financial assets | $493.0M | $726.0M | $607.0M | $721.0M |
| Other assets | $4.6B | $3.9B | $3.5B | $1.5B |
| Deferred income tax asset | $208.0M | $120.0M | $107.0M | $111.0M |
| Total assets | $128.2B | $104.6B | $100.8B | $73.0B |
| Accounts payable and other | $6.9B | $5.8B | $5.4B | $4.5B |
| Corporate borrowings | $735.0M | $850.0M | $1.5B | $464.0M |
| Non-recourse borrowings | $6.0B | $2.8B | $4.4B | $2.6B |
| Financial liabilities | $330.0M | $248.0M | $344.0M | $390.0M |
| Liabilities directly associated with assets classified as held for sale | $1.3B | $1.2B | $0 | $478.0M |
| Current liabilities | $15.3B | $10.9B | $11.7B | $8.4B |
| Corporate borrowings | $4.2B | $3.7B | $3.4B | $3.2B |
| Non-recourse borrowings | $53.5B | $43.7B | $36.5B | $24.0B |
| Financial liabilities | $3.1B | $2.5B | $2.5B | $1.7B |
| Other liabilities | $6.7B | $6.2B | $4.8B | $4.2B |
| Deferred income tax liability | $9.8B | $7.7B | $7.9B | $6.0B |
| Preferred shares | 20.0M | 20.0M | 20.0M | 20.0M |
| Total liabilities associated with assets held for sale | $92.6B | $74.7B | $66.8B | $47.4B |
| Limited partners | $4.9B | $4.7B | $5.3B | $5.4B |
| General partner | $25.0M | $27.0M | $28.0M | $27.0M |
| Redeemable Partnership Units held by Brookfield | $2.0B | $1.9B | $2.2B | $2.3B |
| BIPC exchangeable shares and class A.2 exchangeable shares | 1.4B | 1.4B | 1.5B | 1.3B |
| Exchangeable units | $61.0M | $62.0M | $72.0M | $72.0M |
| Perpetual subordinated notes | $293.0M | $293.0M | $293.0M | $293.0M |
| Interest of others in operating subsidiaries | $26.1B | $20.6B | $23.7B | $15.3B |
| Preferred unitholders | $729.0M | $918.0M | $918.0M | $918.0M |
| Total partnership capital | $35.5B | $29.9B | $34.0B | $25.6B |
| Total liabilities and partnership capital | $128.2B | $104.6B | $100.8B | $73.0B |
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 |
|---|---|---|---|---|
| Cash and cash equivalents | $3.1B | $2.3B | $1.3B | $1.4B |
| Financial assets | $427.0M | $240.0M | $915.0M | $966.0M |
| Accounts receivable and other | $5.5B | $4.9B | $4.5B | $3.5B |
| Inventory | $558.0M | $470.0M | $477.0M | $475.0M |
| Assets classified as held for sale | $1.3B | $4.2B | $270.0M | $0 |
| Current assets | $10.9B | $12.2B | $7.5B | $6.3B |
| Property, plant and equipment | $63.7B | $52.5B | $50.3B | $38.1B |
| Intangible assets | $14.7B | $16.5B | $14.2B | $15.5B |
| Investments in associates and joint ventures | $7.0B | $5.4B | $5.6B | $5.4B |
| Investment properties | $3.1B | $2.7B | $4.5B | $744.0M |
| Goodwill | $17.6B | $14.5B | $14.1B | $12.4B |
| Financial assets | $543.0M | $558.0M | $803.0M | $686.0M |
| Other assets | $4.2B | $4.2B | $3.7B | $2.5B |
| Deferred income tax asset | $121.0M | $159.0M | $115.0M | $104.0M |
| Total assets | $121.9B | $108.7B | $100.9B | $81.7B |
| Accounts payable and other | $6.7B | $6.0B | $5.2B | $4.1B |
| Corporate borrowings | $467.0M | $1.1B | $986.0M | $1.5B |
| Non-recourse borrowings | $3.8B | $3.5B | $2.6B | $3.7B |
| Financial liabilities | $436.0M | $374.0M | $311.0M | $364.0M |
| Liabilities directly associated with assets classified as held for sale | $883.0M | $2.8B | $70.0M | $0 |
| Current liabilities | $12.3B | $13.8B | $9.2B | $9.7B |
| Corporate borrowings | $4.8B | $3.8B | $4.1B | $3.2B |
| Non-recourse borrowings | $53.4B | $44.1B | $42.0B | $27.2B |
| Financial liabilities | $3.0B | $2.8B | $2.5B | $1.8B |
| Other liabilities | $6.2B | $6.6B | $5.5B | $4.3B |
| Deferred income tax liability | $9.7B | $7.8B | $7.5B | $6.9B |
| Preferred shares | 20.0M | 20.0M | 20.0M | 20.0M |
| Total liabilities | $89.4B | $79.0B | $70.8B | $53.0B |
| Limited partners | $4.4B | $4.4B | $4.9B | $5.2B |
| General partner | $24.0M | $23.0M | $27.0M | $26.0M |
| Redeemable Partnership Units held by Brookfield | $1.8B | $1.8B | $2.0B | $2.2B |
| BIPC exchangeable shares and class A.2 exchangeable shares | 1.3B | 1.3B | 1.4B | 1.3B |
| Exchangeable units | $54.0M | $54.0M | $66.0M | $68.0M |
| Perpetual subordinated notes | $293.0M | $293.0M | $293.0M | $293.0M |
| Interest of others in operating subsidiaries | $23.9B | $20.9B | $20.5B | $18.6B |
| Preferred unitholders | $729.0M | $822.0M | $918.0M | $918.0M |
| Total partnership capital | $32.5B | $29.6B | $30.1B | $28.6B |
| Total liabilities and partnership capital | $121.9B | $108.7B | $100.9B | $81.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $2.5B | $1.7B | $1.4B | $1.4B |
| Earnings from investments in associates and joint ventures, net of distributions received | $485.0M | ($156.0M) | $323.0M | $563.0M |
| Depreciation and amortization expense | $4.0B | $3.6B | $2.7B | $2.2B |
| Mark-to-market, provisions and other | ($506.0M) | $32.0M | $201.0M | ($147.0M) |
| Deferred income tax expense (recovery) | ($156.0M) | ($324.0M) | $5.0M | $86.0M |
| Changes in non-cash working capital, net | ($408.0M) | ($226.0M) | ($638.0M) | ($904.0M) |
| Cash from operating activities | $6.0B | $4.7B | $4.1B | $3.1B |
| Acquisition of subsidiaries, net of cash acquired | ($10.0B) | ($2.5B) | ($10.7B) | ($479.0M) |
| Disposal of subsidiaries and assets held for sale, net of cash disposed | $2.8B | $77.0M | $602.0M | $198.0M |
| Investments in associates and joint ventures | ($1.0B) | ($350.0M) | ($1.1B) | ($864.0M) |
| Disposal of investments in associates and joint ventures | $1.4B | $0 | $1.1B | $275.0M |
| Purchase of long lived assets | ($6.0B) | ($5.0B) | ($2.5B) | ($2.8B) |
| Disposal of long lived assets | $321.0M | $609.0M | $162.0M | $41.0M |
| Purchase of financial assets | ($227.0M) | ($677.0M) | ($524.0M) | ($659.0M) |
| Sale of financial assets | $322.0M | $1.0B | $715.0M | $720.0M |
| Net settlement of foreign exchange hedging items | ($113.0M) | $37.0M | $0 | $178.0M |
| Other investing activities | ($108.0M) | ($126.0M) | ($720.0M) | — |
| Cash used by investing activities | ($12.7B) | ($6.9B) | ($13.0B) | ($3.4B) |
| Distributions to general partner | ($324.0M) | ($296.0M) | ($269.0M) | ($244.0M) |
| Distributions to other unitholders | ($1.4B) | ($1.3B) | ($1.2B) | ($1.2B) |
| Subsidiary distributions to non-controlling interest | ($2.5B) | ($1.5B) | ($2.2B) | ($751.0M) |
| Capital provided by (to) non-controlling interest | $5.1B | ($1.7B) | — | — |
| Disposal of partial interest to non-controlling interest, net of taxes. | $202.0M | $0 | $124.0M | $0 |
| Net (repayment) proceeds from commercial paper program | ($115.0M) | ($139.0M) | — | — |
| Proceeds from corporate borrowings | $678.0M | $448.0M | $513.0M | $995.0M |
| Repayment of corporate borrowings | $0 | ($531.0M) | — | $0 |
| Proceeds from corporate credit facility | $2.5B | $2.8B | $6.3B | $3.2B |
| Repayment of corporate credit facility | ($2.8B) | ($2.8B) | ($6.2B) | ($3.1B) |
| Proceeds from non-recourse borrowings | $16.2B | $24.3B | $13.7B | $8.9B |
| Repayment of non-recourse borrowings | ($8.2B) | ($15.6B) | ($9.2B) | ($6.4B) |
| Net preferred units redeemed | ($181.0M) | $0 | $0 | ($243.0M) |
| Partnership units (repurchased) issued, net of costs and issuances | ($9.0M) | — | — | — |
| Lease liability repaid | ($499.0M) | ($415.0M) | ($283.0M) | ($233.0M) |
| Other financing activities | ($744.0M) | ($733.0M) | ($495.0M) | $2.0M |
| Cash from financing activities | $7.8B | $2.6B | $9.4B | $56.0M |
| Change during the year | $1.1B | $364.0M | $507.0M | ($178.0M) |
| Impact of foreign exchange on cash | $47.0M | ($150.0M) | $71.0M | $88.0M |
| Cash reclassified as held for sale | ($45.0M) | $0 | $0 | ($37.0M) |
| Balance, beginning of year | $2.1B | $1.9B | $1.3B | $1.4B |
| Balance, end of year | $3.2B | $2.1B | — | — |
| Line item | Jun 30, 2026 · YTD | Jun 30, 2025 · YTD | Jun 30, 2024 · YTD | Jun 30, 2023 · YTD |
|---|---|---|---|---|
| Net (loss) income | $637.0M | $778.0M | $998.0M | $916.0M |
| Earnings from investments in associates and joint ventures, net of distributions received | $201.0M | $228.0M | $2.0M | $161.0M |
| Depreciation and amortization expense | $2.2B | $1.9B | $1.8B | $1.3B |
| Mark-to-market, provisions and other | $40.0M | ($120.0M) | ($284.0M) | ($108.0M) |
| Deferred income tax expense (recovery) | ($16.0M) | ($82.0M) | ($201.0M) | ($5.0M) |
| Changes in non-cash working capital, net | ($646.0M) | ($648.0M) | ($435.0M) | ($754.0M) |
| Cash from operating activities | $2.4B | $2.1B | $1.9B | $1.5B |
| Acquisition of subsidiaries, net of cash acquired | $0 | ($169.0M) | ($708.0M) | ($4.8B) |
| Disposal of subsidiaries, net of cash disposed | $2.1B | $431.0M | $77.0M | $602.0M |
| Investments in associates and joint ventures | ($314.0M) | $0 | ($350.0M) | ($702.0M) |
| Disposal of investments in associates and joint ventures | $66.0M | $674.0M | $0 | $672.0M |
| Purchase of long-lived assets | ($3.4B) | ($1.9B) | ($2.6B) | ($1.1B) |
| Disposal of long-lived assets | $148.0M | $132.0M | $217.0M | $74.0M |
| Purchase of financial assets | ($437.0M) | ($38.0M) | ($387.0M) | ($343.0M) |
| Sale of financial assets | $445.0M | $264.0M | $504.0M | $519.0M |
| Net settlement of foreign exchange hedging items | ($67.0M) | ($18.0M) | ($9.0M) | $0 |
| Other investing activities | ($66.0M) | $50.0M | ($128.0M) | ($668.0M) |
| Cash used by investing activities | ($1.5B) | ($564.0M) | ($3.3B) | ($5.7B) |
| Distributions to general partner | ($176.0M) | ($162.0M) | ($148.0M) | ($134.0M) |
| Distributions to other unitholders | ($746.0M) | ($711.0M) | ($674.0M) | ($619.0M) |
| Subsidiary distributions to non-controlling interest | ($895.0M) | ($755.0M) | ($669.0M) | ($1.0B) |
| Capital provided to non-controlling interest | ($1.3B) | ($516.0M) | ($2.1B) | ($423.0M) |
| Proceeds from corporate borrowings | $0 | $178.0M | $153.0M | $0 |
| Net (repayment) proceeds from commercial paper program | ($268.0M) | $295.0M | ($3.0M) | — |
| Proceeds from corporate credit facility | $802.0M | $1.9B | $2.1B | $3.1B |
| Repayment of corporate credit facility | ($102.0M) | ($2.1B) | ($1.5B) | ($2.6B) |
| Proceeds from non-recourse borrowings | $8.1B | $4.9B | $11.8B | $6.6B |
| Repayment of non-recourse borrowings | ($6.1B) | ($3.8B) | ($6.9B) | ($4.0B) |
| Preferred units redeemed | $0 | ($90.0M) | — | — |
| Exchangeable shares issued, net of unit repurchases | 32.0M | -24.0M | — | — |
| Lease liability repaid | ($234.0M) | ($230.0M) | ($228.0M) | ($122.0M) |
| Other financing activities | ($8.0M) | ($166.0M) | ($421.0M) | ($659.0M) |
| Cash from (used by) financing activities | ($976.0M) | ($1.3B) | $981.0M | $4.2B |
| Change during the period | ($75.0M) | $196.0M | ($467.0M) | $16.0M |
| Cash reclassified as assets held for sale | ($8.0M) | ($28.0M) | $0 | ($6.0M) |
| Impact of foreign exchange on cash and other | ($33.0M) | $103.0M | ($64.0M) | $91.0M |
| Balance, beginning of year | $3.2B | $2.1B | $1.9B | $1.3B |
| Balance, end of year | $3.1B | $2.3B | $1.3B | $1.4B |
Brookfield Infrastructure Partners L.P score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.