20-F Filing

BROOKFIELD INFRASTRUCTURE CORP CIK: 1788348 FY 2021

Filing Information

Form Type	20-F
Accession Number	`0001628280-22-005591`
Period End Date	20211231
Filing Date	20220309
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	bipc-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 36 Cash Flow Statement 77 Stockholders Equity 26

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalents`	$204.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	$99.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	$469.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	$192.00M	USD	Point-in-time
Accounts receivable and other	`TradeAndOtherCurrentReceivables`	$448.00M	USD	Point-in-time
Accounts receivable and other	`TradeAndOtherCurrentReceivables`	$394.00M	USD	Point-in-time
Due from Brookfield Infrastructure	`ReceivablesDueFromParent`	-	USD	Point-in-time
Due from Brookfield Infrastructure	`ReceivablesDueFromParent`	$1.09B	USD	Point-in-time
Current assets	`CurrentAssets`	$586.00M	USD	Point-in-time
Current assets	`CurrentAssets`	$2.01B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	$4.80B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	$4.50B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	$5.11B	USD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	$2.69B	USD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	$2.95B	USD	Point-in-time
Goodwill	`Goodwill`	$489.00M	USD	Point-in-time
Goodwill	`Goodwill`	$528.00M	USD	Point-in-time
Financial assets	`NoncurrentFinancialAssets`	$27.00M	USD	Point-in-time
Financial assets	`NoncurrentFinancialAssets`	$30.00M	USD	Point-in-time
Other assets	`OtherAssets`	$15.00M	USD	Point-in-time
Other assets	`OtherAssets`	$101.00M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssets`	$43.00M	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssets`	$52.00M	USD	Point-in-time
Total assets	`Assets`	$10.09B	USD	Point-in-time
Total assets	`Assets`	$9.34B	USD	Point-in-time
Accounts payable and other	`TradeAndOtherCurrentPayables`	$505.00M	USD	Point-in-time
Accounts payable and other	`TradeAndOtherCurrentPayables`	$605.00M	USD	Point-in-time
Non-recourse borrowings	`CurrentNonrecourseBorrowingsAndCurrentPortionOfNoncurrentNonrecourseBorrowings`	-	USD	Point-in-time
Non-recourse borrowings	`CurrentNonrecourseBorrowingsAndCurrentPortionOfNoncurrentNonrecourseBorrowings`	$11.00M	USD	Point-in-time
Financial liabilities	`CurrentFinancialLiabilities`	$995.00M	USD	Point-in-time
Financial liabilities	`CurrentFinancialLiabilities`	$23.00M	USD	Point-in-time
Loans payable to Brookfield Infrastructure	`LoansPayableToParentCurrent`	$131.00M	USD	Point-in-time
Loans payable to Brookfield Infrastructure	`LoansPayableToParentCurrent`	-	USD	Point-in-time
Exchangeable and class B shares	`ExchangeableShareLiability`	$2.22B	USD	Point-in-time
Exchangeable and class B shares	`ExchangeableShareLiability`	$4.47B	USD	Point-in-time
Current liabilities	`CurrentLiabilities`	$6.20B	USD	Point-in-time
Current liabilities	`CurrentLiabilities`	$2.76B	USD	Point-in-time
Non-recourse borrowings	`NoncurrentPortionOfNoncurrentNonrecourseBorrowings`	$3.56B	USD	Point-in-time
Non-recourse borrowings	`NoncurrentPortionOfNoncurrentNonrecourseBorrowings`	$3.47B	USD	Point-in-time
Loans payable to Brookfield Infrastructure	`LoanPayableToParentNoncurrent`	$1.14B	USD	Point-in-time
Loans payable to Brookfield Infrastructure	`LoanPayableToParentNoncurrent`	-	USD	Point-in-time
Financial liabilities	`NoncurrentFinancialLiabilities`	-	USD	Point-in-time
Financial liabilities	`NoncurrentFinancialLiabilities`	$1.01B	USD	Point-in-time
Other liabilities	`OtherNoncurrentLiabilities`	$96.00M	USD	Point-in-time
Other liabilities	`OtherNoncurrentLiabilities`	$119.00M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilities`	$1.64B	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilities`	$1.44B	USD	Point-in-time
Total liabilities	`Liabilities`	$9.92B	USD	Point-in-time
Total liabilities	`Liabilities`	$11.51B	USD	Point-in-time
Brookfield Infrastructure Partners L.P	`EquityAttributableToOwnersOfParent`	$-1.72B	USD	Point-in-time
Brookfield Infrastructure Partners L.P	`EquityAttributableToOwnersOfParent`	$-2.13B	USD	Point-in-time
Non-controlling interests	`NoncontrollingInterests`	$703.00M	USD	Point-in-time
Non-controlling interests	`NoncontrollingInterests`	$1.15B	USD	Point-in-time
Total equity	`Equity`	$3.25B	USD	Point-in-time
Total equity	`Equity`	$-572.00M	USD	Point-in-time
Total equity	`Equity`	$-1.42B	USD	Point-in-time
Total equity	`Equity`	$3.28B	USD	Point-in-time
Total liabilities and equity	`EquityAndLiabilities`	$10.09B	USD	Point-in-time
Total liabilities and equity	`EquityAndLiabilities`	$9.34B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$27.00M	USD	Annual
Net income (loss)	`ProfitLoss`	$570.00M	USD	Annual
Net income (loss)	`ProfitLoss`	$-232.00M	USD	Annual
Revaluation of property, plant and equipment	`OtherComprehensiveIncomeBeforeTaxGainsLossesOnRevaluation`	$134.00M	USD	Annual
Revaluation of property, plant and equipment	`OtherComprehensiveIncomeBeforeTaxGainsLossesOnRevaluation`	$215.00M	USD	Annual
Revaluation of property, plant and equipment	`OtherComprehensiveIncomeBeforeTaxGainsLossesOnRevaluation`	$347.00M	USD	Annual
Taxes on the above	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss`	$67.00M	USD	Annual
Taxes on the above	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss`	$59.00M	USD	Annual
Taxes on the above	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss`	$121.00M	USD	Annual
Other comprehensive income that will not be reclassified to profit or loss, net of tax	`OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax`	$13.00M	USD	Annual
Other comprehensive income that will not be reclassified to profit or loss, net of tax	`OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax`	$148.00M	USD	Annual
Other comprehensive income that will not be reclassified to profit or loss, net of tax	`OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax`	$288.00M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation`	$-59.00M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation`	$-99.00M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation`	$-493.00M	USD	Annual
Cash flow hedge	`OtherComprehensiveIncomeBeforeTaxCashFlowHedges`	$5.00M	USD	Annual
Cash flow hedge	`OtherComprehensiveIncomeBeforeTaxCashFlowHedges`	-	USD	Annual
Cash flow hedge	`OtherComprehensiveIncomeBeforeTaxCashFlowHedges`	$5.00M	USD	Annual
Taxes on the above items	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss`	$1.00M	USD	Annual
Taxes on the above items	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss`	-	USD	Annual
Taxes on the above items	`IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss`	$1.00M	USD	Annual
Other comprehensive income that will be reclassified to profit or loss, net of tax	`OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax`	$-55.00M	USD	Annual
Other comprehensive income that will be reclassified to profit or loss, net of tax	`OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax`	$-99.00M	USD	Annual
Other comprehensive income that will be reclassified to profit or loss, net of tax	`OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax`	$-489.00M	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncome`	$233.00M	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncome`	$-341.00M	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncome`	$-86.00M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncome`	$-573.00M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncome`	$803.00M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncome`	$-59.00M	USD	Annual
Brookfield infrastructure partners L.P.	`ComprehensiveIncomeAttributableToOwnersOfParent`	$-373.00M	USD	Annual
Brookfield infrastructure partners L.P.	`ComprehensiveIncomeAttributableToOwnersOfParent`	$-536.00M	USD	Annual
Brookfield infrastructure partners L.P.	`ComprehensiveIncomeAttributableToOwnersOfParent`	$442.00M	USD	Annual
Non-controlling interests	`ComprehensiveIncomeAttributableToNoncontrollingInterests`	$-37.00M	USD	Annual
Non-controlling interests	`ComprehensiveIncomeAttributableToNoncontrollingInterests`	$361.00M	USD	Annual
Non-controlling interests	`ComprehensiveIncomeAttributableToNoncontrollingInterests`	$314.00M	USD	Annual

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$27.00M	USD	Annual
Net income (loss)	`ProfitLoss`	$570.00M	USD	Annual
Net income (loss)	`ProfitLoss`	$-232.00M	USD	Annual
Depreciation and amortization expense	`AdjustmentsForDepreciationAndAmortisationExpense`	$283.00M	USD	Annual
Depreciation and amortization expense	`AdjustmentsForDepreciationAndAmortisationExpense`	$308.00M	USD	Annual
Depreciation and amortization expense	`AdjustmentsForDepreciationAndAmortisationExpense`	$236.00M	USD	Annual
Mark-to-market on hedging items and other	`AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives`	$-110.00M	USD	Annual
Mark-to-market on hedging items and other	`AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives`	$77.00M	USD	Annual
Mark-to-market on hedging items and other	`AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives`	$-35.00M	USD	Annual
Remeasurement of exchangeable and class B shares	`AdjustmentsforremeasurementofexchangeableandclassBshares`	$-447.00M	USD	Annual
Remeasurement of exchangeable and class B shares	`AdjustmentsforremeasurementofexchangeableandclassBshares`	$-511.00M	USD	Annual
Remeasurement of exchangeable and class B shares	`AdjustmentsforremeasurementofexchangeableandclassBshares`	-	USD	Annual
Deferred income tax expense	`AdjustmentsForDeferredTaxExpense`	$171.00M	USD	Annual
Deferred income tax expense	`AdjustmentsForDeferredTaxExpense`	$97.00M	USD	Annual
Deferred income tax expense	`AdjustmentsForDeferredTaxExpense`	$102.00M	USD	Annual
Changes in non-cash working capital, net	`IncreaseDecreaseInWorkingCapital`	$-35.00M	USD	Annual
Changes in non-cash working capital, net	`IncreaseDecreaseInWorkingCapital`	$-73.00M	USD	Annual
Changes in non-cash working capital, net	`IncreaseDecreaseInWorkingCapital`	$44.00M	USD	Annual
Cash from operating activities	`CashFlowsFromUsedInOperatingActivities`	$839.00M	USD	Annual
Cash from operating activities	`CashFlowsFromUsedInOperatingActivities`	$1.08B	USD	Annual
Cash from operating activities	`CashFlowsFromUsedInOperatingActivities`	$730.00M	USD	Annual
Disposal of subsidiaries, net of cash disposed	`ProceedsFromSalesOfInterestsInAssociates`	-	USD	Annual
Disposal of subsidiaries, net of cash disposed	`ProceedsFromSalesOfInterestsInAssociates`	$817.00M	USD	Annual
Disposal of subsidiaries, net of cash disposed	`ProceedsFromSalesOfInterestsInAssociates`	-	USD	Annual
Purchase of long-lived assets	`Purchaseoflonglivedassetsnetofdisposals`	$455.00M	USD	Annual
Purchase of long-lived assets	`Purchaseoflonglivedassetsnetofdisposals`	$417.00M	USD	Annual
Purchase of long-lived assets	`Purchaseoflonglivedassetsnetofdisposals`	$416.00M	USD	Annual
Disposal of long-lived assets	`ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	$17.00M	USD	Annual
Disposal of long-lived assets	`ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	$2.00M	USD	Annual
Disposal of long-lived assets	`ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	$14.00M	USD	Annual
Settlement of foreign exchange and other hedging items	`CashPaymentsForFutureContractsForwardContractsOptionContractsAndSwapContractsClassifiedAsInvestingActivities`	$76.00M	USD	Annual
Settlement of foreign exchange and other hedging items	`CashPaymentsForFutureContractsForwardContractsOptionContractsAndSwapContractsClassifiedAsInvestingActivities`	-	USD	Annual
Settlement of foreign exchange and other hedging items	`CashPaymentsForFutureContractsForwardContractsOptionContractsAndSwapContractsClassifiedAsInvestingActivities`	-	USD	Annual
Cash from (used by) investing activities	`CashFlowsFromUsedInInvestingActivities`	$-441.00M	USD	Annual
Cash from (used by) investing activities	`CashFlowsFromUsedInInvestingActivities`	$-399.00M	USD	Annual
Cash from (used by) investing activities	`CashFlowsFromUsedInInvestingActivities`	$326.00M	USD	Annual
Exchangeable shares issued, net of costs	`ExchangeableSharesIssuedNetOfCosts`	-	USD	Annual
Exchangeable shares issued, net of costs	`ExchangeableSharesIssuedNetOfCosts`	$128.00M	USD	Annual
Exchangeable shares issued, net of costs	`ExchangeableSharesIssuedNetOfCosts`	-	USD	Annual
Distributions to Brookfield Infrastructure Partners L.P.	`DividendspaidtoParentclassifiedasfinancingactivities`	$33.00M	USD	Annual
Distributions to Brookfield Infrastructure Partners L.P.	`DividendspaidtoParentclassifiedasfinancingactivities`	-	USD	Annual
Distributions to Brookfield Infrastructure Partners L.P.	`DividendspaidtoParentclassifiedasfinancingactivities`	$250.00M	USD	Annual
Distributions to non-controlling interests	`DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities`	$425.00M	USD	Annual
Distributions to non-controlling interests	`DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities`	$436.00M	USD	Annual
Distributions to non-controlling interests	`DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities`	$525.00M	USD	Annual
Acquisition of partial interest from non-controlling interest	`CapitalProvidedToNoncontrollingInterest`	$283.00M	USD	Annual
Acquisition of partial interest from non-controlling interest	`CapitalProvidedToNoncontrollingInterest`	-	USD	Annual
Acquisition of partial interest from non-controlling interest	`CapitalProvidedToNoncontrollingInterest`	-	USD	Annual
Proceeds from non-recourse borrowings	`Proceedsfromsubsidiaryborrowings`	$377.00M	USD	Annual
Proceeds from non-recourse borrowings	`Proceedsfromsubsidiaryborrowings`	$551.00M	USD	Annual
Proceeds from non-recourse borrowings	`Proceedsfromsubsidiaryborrowings`	$316.00M	USD	Annual
Repayment of non-recourse borrowings	`Repaymentofsubsidiaryborrowings`	$55.00M	USD	Annual
Repayment of non-recourse borrowings	`Repaymentofsubsidiaryborrowings`	$211.00M	USD	Annual
Repayment of non-recourse borrowings	`Repaymentofsubsidiaryborrowings`	$380.00M	USD	Annual
Repayment from Brookfield Infrastructure	`ProceedsFromRepaymentOfLoansDueFromParent`	-	USD	Annual
Repayment from Brookfield Infrastructure	`ProceedsFromRepaymentOfLoansDueFromParent`	-	USD	Annual
Repayment from Brookfield Infrastructure	`ProceedsFromRepaymentOfLoansDueFromParent`	$15.00M	USD	Annual
Repayment to Brookfield Infrastructure	`RepaymentOfIntercompanyBorrowings`	$469.00M	USD	Annual
Repayment to Brookfield Infrastructure	`RepaymentOfIntercompanyBorrowings`	$19.00M	USD	Annual
Repayment to Brookfield Infrastructure	`RepaymentOfIntercompanyBorrowings`	-	USD	Annual
Cash used by financing activities	`CashFlowsFromUsedInFinancingActivities`	$-868.00M	USD	Annual
Cash used by financing activities	`CashFlowsFromUsedInFinancingActivities`	$-317.00M	USD	Annual
Cash used by financing activities	`CashFlowsFromUsedInFinancingActivities`	$-514.00M	USD	Annual
Change during the year	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	$128.00M	USD	Annual
Change during the year	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	$14.00M	USD	Annual
Change during the year	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	$297.00M	USD	Annual
Impact of foreign exchange on cash	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$-23.00M	USD	Annual
Impact of foreign exchange on cash	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$-20.00M	USD	Annual
Impact of foreign exchange on cash	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$-26.00M	USD	Annual
Balance, beginning of year	`CashAndCashEquivalents`	$192.00M	USD	Point-in-time
Balance, beginning of year	`CashAndCashEquivalents`	$204.00M	USD	Point-in-time
Balance, beginning of year	`CashAndCashEquivalents`	$99.00M	USD	Point-in-time
Balance, beginning of year	`CashAndCashEquivalents`	$469.00M	USD	Point-in-time
Balance, end of year	`CashAndCashEquivalents`	$99.00M	USD	Point-in-time
Balance, end of year	`CashAndCashEquivalents`	$469.00M	USD	Point-in-time
Balance, end of year	`CashAndCashEquivalents`	$204.00M	USD	Point-in-time
Balance, end of year	`CashAndCashEquivalents`	$192.00M	USD	Point-in-time

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`Equity`	$3.25B	USD	Point-in-time
Beginning balance	`Equity`	$-572.00M	USD	Point-in-time
Beginning balance	`Equity`	$-1.42B	USD	Point-in-time
Beginning balance	`Equity`	$3.28B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$27.00M	USD	Annual
Net income (loss)	`ProfitLoss`	$570.00M	USD	Annual
Net income (loss)	`ProfitLoss`	$-232.00M	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncome`	$-341.00M	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncome`	$-86.00M	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncome`	$233.00M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncome`	$803.00M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncome`	$-59.00M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncome`	$-573.00M	USD	Annual
Distributions to, net of contributions from, Brookfield Infrastructure Partners L.P.	`DecreasefromAffiliateDistributionstoNoncontrollingInterest`	$250.00M	USD	Annual
Distributions to, net of contributions from, Brookfield Infrastructure Partners L.P.	`DecreasefromAffiliateDistributionstoNoncontrollingInterest`	$33.00M	USD	Annual
Distributions to non-controlling interests	`DecreaseFromDistributionstoParent`	$525.00M	USD	Annual
Distributions to non-controlling interests	`DecreaseFromDistributionstoParent`	$436.00M	USD	Annual
Distributions to non-controlling interests	`DecreaseFromDistributionstoParent`	$425.00M	USD	Annual
Acquisition of non controlling interests	`IncreaseDecreaseThroughAcquisitionOfSubsidiary`	$-281.00M	USD	Annual
Other items	`IncreaseDecreaseThroughTransfersAndOtherChangesEquity`	$-87.00M	USD	Annual
Reorganization	`SpecialDistributionReorganization`	$2.86B	USD	Annual
Share issuance	`ShareIssuance`	$53.00M	USD	Annual
Ending balance	`Equity`	$-1.42B	USD	Point-in-time
Ending balance	`Equity`	$3.25B	USD	Point-in-time
Ending balance	`Equity`	$-572.00M	USD	Point-in-time
Ending balance	`Equity`	$3.28B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.