Brookfield Infrastructure Corp (BIPC) financial statements: income statement, balance sheet and cash flow

Brookfield Infrastructure 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 Infrastructure Corp reported revenue of $3.7B (+0.1% year on year) and net income of $700.0M (+872.2% year on year).

Income statement

Brookfield Infrastructure 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	$3.7B	$2.5B	$1.9B
Direct operating costs	($1.3B)	($1.4B)	($778.0M)	($542.0M)
General and administrative expenses	($80.0M)	($75.0M)	($67.0M)	($69.0M)
Profit (loss) from operating activities	$2.3B	$2.2B	$1.7B	$1.3B
Interest expense	($1.2B)	($1.1B)	($697.0M)	($544.0M)
Share of earnings (losses) from investments in associates	$25.0M	$0	($20.0M)	$4.0M
Remeasurement of shares classified as financial liability	-441.0M	-477.0M	—	—
Mark-to-market and foreign currency revaluation	$61.0M	($116.0M)	$23.0M	$49.0M
Other income (expense)	$341.0M	($118.0M)	($24.0M)	$39.0M
Income before income tax	$1.1B	$437.0M	$974.0M	$1.9B
Current	($379.0M)	($356.0M)	($348.0M)	($341.0M)
Deferred	($6.0M)	($9.0M)	($20.0M)	$79.0M
Net income	$700.0M	$72.0M	$606.0M	$1.6B
Brookfield Infrastructure Partners L.P.	($241.0M)	($608.0M)	$111.0M	$1.1B
Non-controlling interests	$941.0M	$680.0M	$495.0M	$525.0M

Brookfield Infrastructure Corp income statement, quarters

Line item	Jun 30, 2026 · YTD	Jun 30, 2025 · YTD	Jun 30, 2024 · YTD	Jun 30, 2023 · YTD
Revenues	$1.8B	$1.8B	$1.8B	$1.0B
Direct operating costs	($713.0M)	($658.0M)	($668.0M)	($296.0M)
General and administrative expenses	($43.0M)	($39.0M)	($35.0M)	($33.0M)
Profit (loss) from operating activities	$1.1B	$1.1B	$1.1B	$706.0M
Interest expense	($627.0M)	($540.0M)	($498.0M)	($314.0M)
Share of income from investments in associates	$9.0M	$10.0M	$0	$4.0M
Remeasurement of financial liability associated with our exchangeable shares	-122.0M	-243.0M	—	—
Mark-to-market and foreign currency revaluation	($38.0M)	$70.0M	($36.0M)	$12.0M
Other (expense) income	($23.0M)	$255.0M	($70.0M)	—
Income (loss) before income tax	$267.0M	$650.0M	$1.0B	($174.0M)
Current	($152.0M)	($211.0M)	($195.0M)	($169.0M)
Deferred	($18.0M)	$14.0M	($3.0M)	($6.0M)
Net income (loss)	$97.0M	$453.0M	$840.0M	($349.0M)
Brookfield Infrastructure Partners L.P.	($195.0M)	($88.0M)	$519.0M	($575.0M)
Non-controlling interest	$292.0M	$541.0M	$321.0M	$226.0M

Balance sheet

Brookfield Infrastructure 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	$431.0M	$674.0M	$539.0M	$445.0M
Financial assets	$13.0M	$68.0M	$38.0M	$57.0M
Accounts receivable and other	$928.0M	$786.0M	$939.0M	$499.0M
Due from Brookfield Infrastructure	$1.6B	$1.3B	$1.3B	$566.0M
Assets held for sale	$0	$2.0B	—	—
Current assets	$2.9B	$4.8B	$2.8B	$1.6B
Property, plant and equipment	$14.2B	$12.6B	$14.2B	$4.7B
Intangible assets	$3.1B	$2.9B	$3.7B	$2.8B
Investments in associates	$295.0M	—	$0	$428.0M
Goodwill	$1.7B	$1.6B	$1.7B	$518.0M
Financial assets	$77.0M	$164.0M	$65.0M	$40.0M
Other assets	$1.7B	$1.5B	$1.4B	$17.0M
Deferred income tax asset	$39.0M	$37.0M	$40.0M	$43.0M
Total assets	$24.0B	$23.6B	$23.9B	$10.2B
Accounts payable and other	$1.2B	$994.0M	$1.1B	$781.0M
Non-recourse borrowings	$1.2B	$667.0M	$1.0B	$328.0M
Financial liabilities	$17.0M	$32.0M	$60.0M	$72.0M
Loans payable to Brookfield Infrastructure	$100.0M	$102.0M	$26.0M	$26.0M
Shares classified as financial liability	5.1B	4.6B	—	—
Liabilities held for sale	$0	$1.2B	—	—
Current liabilities	$7.7B	$7.6B	$6.4B	$4.6B
Non-recourse borrowings	$12.0B	$11.5B	$11.0B	$4.2B
Financial liabilities	$6.0M	$1.0M	$15.0M	—
Other liabilities	$174.0M	$220.0M	$325.0M	$119.0M
Deferred income tax liability	$2.2B	$2.0B	$2.1B	$1.5B
Total liabilities	$22.0B	$21.4B	$19.8B	$10.5B
Brookfield Infrastructure Partners L.P	($1.3B)	($1.3B)	($399.0M)	($1.1B)
Non-controlling interests	$3.3B	$3.5B	$4.5B	$758.0M
Total equity	$2.0B	$2.2B	$4.1B	($361.0M)
Total liabilities and equity	$24.0B	$23.6B	$23.9B	$10.2B

Brookfield Infrastructure Corp balance sheet, quarters

Line item	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023
Cash and cash equivalents	$690.0M	$1.2B	$466.0M	$356.0M
Financial assets	$75.0M	$60.0M	$43.0M	$0
Accounts receivable and other	$854.0M	$875.0M	$872.0M	$554.0M
Due from Brookfield Infrastructure	$1.7B	$1.5B	$1.7B	$820.0M
Assets classified as held for sale	$1.1B	$0	—	—
Current assets	$4.3B	$3.6B	$3.1B	$1.7B
Property, plant and equipment	$13.5B	$13.2B	$14.0B	$5.1B
Intangible assets	$3.2B	$3.1B	$3.3B	$3.0B
Investments in associates	$275.0M	$615.0M	—	$417.0M
Goodwill	$1.7B	$1.7B	$1.7B	$566.0M
Financial assets	$39.0M	$71.0M	$144.0M	$0
Other assets	$1.4B	$1.5B	$1.5B	$26.0M
Deferred income tax asset	$37.0M	$40.0M	$38.0M	$42.0M
Total assets	$24.5B	$23.9B	$23.7B	$11.0B
Accounts payable and other	$1.2B	$1.2B	$965.0M	$756.0M
Non-recourse borrowings	$658.0M	$1.1B	$467.0M	$247.0M
Financial liabilities	$29.0M	$23.0M	$46.0M	$71.0M
Loans payable to Brookfield Infrastructure	$100.0M	$100.0M	$100.0M	$26.0M
Shares classified as financial liability	5.4B	4.9B	3.6B	4.0B
Liabilities classified as held for sale	$809.0M	$0	—	—
Current liabilities	$8.2B	$7.3B	$5.2B	$5.1B
Non-recourse borrowings	$12.1B	$12.0B	$12.6B	$4.8B
Financial liabilities	$28.0M	$6.0M	$1.0M	$36.0M
Other liabilities	$177.0M	$178.0M	$278.0M	$114.0M
Deferred income tax liability	$2.3B	$2.2B	$2.0B	$1.6B
Total liabilities	$22.7B	$21.7B	$20.1B	$11.7B
Brookfield Infrastructure Partners L.P.	($1.5B)	($1.2B)	$149.0M	($1.6B)
Non-controlling interest	$3.3B	$3.4B	$3.4B	$866.0M
Total equity	$1.8B	$2.2B	$3.5B	($764.0M)
Total liabilities and equity	$24.5B	$23.9B	$23.7B	$11.0B

Cash flow statement

Brookfield Infrastructure 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 income	$700.0M	$72.0M	$606.0M	$1.6B
Earnings from investments in associates, net of distributions received	($4.0M)	$0	$23.0M	$29.0M
Depreciation and amortization expense	$668.0M	$775.0M	$365.0M	$211.0M
Mark-to-market and other	($358.0M)	$323.0M	$73.0M	($2.0M)
Remeasurement of shares classified as financial liability	441.0M	477.0M	—	—
Deferred income tax expense	$6.0M	$9.0M	$20.0M	($79.0M)
Changes in non-cash working capital, net	$155.0M	$87.0M	$6.0M	$173.0M
Cash from operating activities	$1.6B	$1.7B	$1.1B	$893.0M
Acquisition of subsidiaries, net of cash acquired	($98.0M)	$0	($3.1B)	—
Disposal of subsidiaries, net of cash disposed	$431.0M	—	$0	$0
Disposal of investments in associates	$426.0M	$0	$435.0M	—
Purchase of long-lived assets	($1.6B)	($1.4B)	($594.0M)	($525.0M)
Disposal of long-lived assets	$213.0M	$315.0M	$75.0M	$4.0M
Purchase of financial assets	($35.0M)	$0	($57.0M)	($71.0M)
Sale of financial assets	$37.0M	$0	$53.0M	—
Other investing activities	$20.0M	($22.0M)	—	—
Cash used by investing activities	($612.0M)	($1.1B)	($3.2B)	($1.0B)
Distributions to non-controlling interests	($599.0M)	($788.0M)	($458.0M)	($448.0M)
Capital provided (to) by non-controlling interest	($488.0M)	($1.1B)	—	—
Proceeds from non-recourse borrowings	$2.9B	$7.8B	$1.3B	$2.1B
Repayment of non-recourse borrowings	($2.9B)	($5.6B)	($1.1B)	($1.1B)
Loans and repayments from Brookfield Infrastructure	$266.0M	$115.0M	$1.1B	$605.0M
Loans and repayments to Brookfield Infrastructure	($497.0M)	($781.0M)	($1.5B)	($138.0M)
Exchangeable shares issued, net of costs	38.0M	—	0	0
Issuance of class B Shares	0	1.0M	—	—
Other financing activities	($29.0M)	($52.0M)	($32.0M)	—
Cash (used by) from financing activities	($1.3B)	($428.0M)	$2.2B	($4.0M)
Change during the year	($295.0M)	$205.0M	$68.0M	($158.0M)
Impact of foreign exchange on cash	$52.0M	($70.0M)	$26.0M	$134.0M
Balance, beginning of year	$674.0M	$539.0M	$445.0M	$469.0M
Balance, end of year	$431.0M	$674.0M	$539.0M	$445.0M

Brookfield Infrastructure Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Jun 30, 2025 · YTD	Jun 30, 2024 · YTD	Jun 30, 2023 · YTD
Net income (loss)	$97.0M	$453.0M	$840.0M	($349.0M)
Earnings from investments in associates, net of distributions received	$20.0M	($10.0M)	$0	($1.0M)
Depreciation and amortization expense	$320.0M	$348.0M	$386.0M	$112.0M
Mark-to-market and other	$94.0M	($307.0M)	$79.0M	($5.0M)
Remeasurement of financial liability associated with our exchangeable shares	122.0M	243.0M	—	—
Deferred income tax expense (recovery)	$18.0M	($14.0M)	$3.0M	$6.0M
Changes in non-cash working capital, net	($5.0M)	$8.0M	$16.0M	($116.0M)
Cash from operating activities	$666.0M	$721.0M	$789.0M	$255.0M
Disposal of subsidiaries, net of cash disposed	$0	$431.0M	—	—
Purchase of long-lived assets	($558.0M)	($344.0M)	($576.0M)	—
Disposal of long-lived assets	$123.0M	$102.0M	$175.0M	—
Purchase of financial assets and other	($48.0M)	($35.0M)	$0	($4.0M)
Other investing activities	$15.0M	$9.0M	$87.0M	—
Cash (used by) from investing activities	($468.0M)	$163.0M	($314.0M)	($263.0M)
Distributions to non-controlling interest	($268.0M)	($342.0M)	($334.0M)	($163.0M)
Capital provided by (to) non-controlling interest	$46.0M	($176.0M)	($1.2B)	—
Proceeds from non-recourse borrowings	$3.5B	$2.0B	$3.2B	$770.0M
Repayment of non-recourse borrowings	($3.2B)	($1.8B)	($1.6B)	($476.0M)
Loans and repayments from Brookfield Infrastructure	$361.0M	$148.0M	$36.0M	$101.0M
Loans and repayments to Brookfield Infrastructure	($504.0M)	($269.0M)	($632.0M)	($337.0M)
Exchangeable shares issued, net of costs	139.0M	—	—	—
Other financing activities	($30.0M)	($16.0M)	$18.0M	—
Cash (used by) from financing activities	$44.0M	($400.0M)	($506.0M)	($105.0M)
Change during the period	$242.0M	$484.0M	($31.0M)	($113.0M)
Impact of foreign exchange on cash	$17.0M	$59.0M	($42.0M)	$24.0M
Balance, beginning of period	$431.0M	$674.0M	$539.0M	$445.0M
Balance, end of period	$690.0M	$1.2B	$466.0M	$356.0M

Brookfield Infrastructure Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.