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Financial statements

Brookfield Renewable Partners L.P. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Brookfield Renewable Partners L.P. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue2,4522,6253,7973,9713,8104,0964,7115,0385,8766,407
Income tax5388-34343-14714-2-48-191-614
Net income to minority interests65288367716382
Net income-36-3223-88-184-191-166-91-255-71
EPS, basic-0.12-0.100.07-0.26-0.61-0.69-0.60-0.32-0.89-0.25
EPS, diluted-0.12-0.100.07-0.26-0.61-0.69-0.60-0.32-0.89-0.25

Balance sheet

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents2239274224836079009981,1413,1352,093
Receivables4545546079799281,6831,8601,5172,1242,542
Inventory43263142111154177
Total current assets9071,6661,9612,0201,7422,8894,1834,6108,83512,298
Property, plant and equipment25,25727,09638,17741,05544,59049,43254,28364,00573,47570,456
Goodwill8969019489499709661,5261,9445,4346,019
Intangible assets2612412322182091510
Total assets27,73730,90434,10346,19649,72255,86764,11176,12894,80998,701
Accounts payable4675425336876257791,0861,5392,1042,246
Total current liabilities1,7332,5141,6892,4232,7613,2224,9438,03814,56521,698
Total liabilities15,06516,62216,89725,71627,95531,87137,82546,14958,35363,727
Total debt11,76611,76610,71817,30018,08221,52924,850
Shareholders' equity3,4483,9564,4844,5793,8454,0924,0963,9633,6043,970
Minority interests5,5896,2988,129
Total equity12,67215,56219,40220,48021,76723,99626,28629,97936,45634,974
Total liabilities and equity27,73730,90434,10346,19649,72255,86764,11176,12894,80998,701

Cash flow statement

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income405158380-45-66138616-9712
Cash from operations6329281,2861,5541,2967341,7111,8651,2741,147
Capital expenditures-369-355-271-460-447-1,967-2,190-2,809-3,733-6,587
Cash from investing-3,191-328-1,077-1,211-382-2,544-5,066-4,356-6,800-8,647
Debt issued3,47702314495700296293
Debt repaid-1,975-200-152-341-3040000-291
Dividends paid-38-44-54
Cash from financing2,709-27-684-402-7922,1433,4892,5967,6496,418
Exchange rate effect103-22-614-35-2838-95121
Net change in cash160576-497-651362981061432,028
Free cash flow2635731,0151,094849-1,233-479-944-2,459-5,440
Interest paid5886119169308728771,1381,3531,9172,409

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $28.35 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Net margin-1.1%Net income / revenue.
FCF margin-84.9%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin17.9%Cash from operations / revenue.
Return on equity (ROE)-1.9%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-0.1%Net income / average total assets.
Capex / revenue102.8%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y9.0%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y10.8%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y11.0%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y-10.0%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y-12.5%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y-2.4%Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y10.2%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-1.0%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y0.6%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y4.1%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y15.5%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y14.7%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.57xCurrent assets / current liabilities.
Quick ratio0.21x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.10x(Cash + short-term investments) / current liabilities.
Liabilities / assets64.6%Total liabilities / total assets.
Working capital-$9.40BCurrent assets - current liabilities.
Goodwill and intangibles / assets6.1%(Goodwill + intangible assets) / total assets.
Tangible book value-$2.05BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.07xRevenue / average total assets.
Fixed asset turnover0.09xRevenue / average property, plant and equipment.
Receivables turnover2.75xRevenue / average receivables.
Days sales outstanding133 days365 x average receivables / revenue.
Capex / operating cash flow574.3%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.25Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-$0.25Net income per basic share, as reported (split-adjusted).

Valuation

MetricValueHow it is calculated
Market cap$19.28BShare price x shares outstanding.
Enterprise value$17.19BMarket cap + total debt - cash - short-term investments.
P/S3.01xMarket cap / revenue.
P/B4.86xMarket cap / shareholders' equity. Only when equity is positive.
P/OCF16.8xMarket cap / cash from operations, when positive.
EV/Sales2.68xEnterprise value / revenue.
FCF yield-28.2%Free cash flow / market cap.
Earnings yield-0.4%Net income / market cap (the inverse of P/E).
What was Brookfield Renewable Partners L.P.'s revenue in fiscal 2025?

Brookfield Renewable Partners L.P. reported revenue of $6.41B for fiscal 2025, 9% higher than the year before.

Was Brookfield Renewable Partners L.P. profitable in fiscal 2025?

No. It reported a net loss of $71.0M.

How much free cash flow did Brookfield Renewable Partners L.P. generate in fiscal 2025?

Cash from operations of $1.15B minus capital expenditures of $6.59B left free cash flow of -$5.44B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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