Brookfield Real Assets Income (RA) Cash Flow Statement
Where RA’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $46.6M −12.3% vs 2024
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- $46.6M 60.1% margin
- Returned to shareholders
- $78.2M 168% of free cash flow
- Change in cash
- −$479,653 cash at year-end $1.7M
Drawn to scale: where the cash came from and how it was used. Hover for values.
RA operating cash flow, capex and free cash flow
RA cash flow trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $140.2M2017 | $46.6M2025 | −12.9%/yr | |
| Capital expenditures | $02017 | $02025 | — | |
| Free cash flow | $140.2M2017 | $46.6M2025 | −12.9%/yr | |
| Free cash flow margin | 164.9%2017 | 60.1%2025 | −104.8 pts | |
| Operating cash flow / net income | 1.602017 | 0.752025 | −0.85 | |
| Dividends paid | $87.1M2017 | $78.2M2025 | −1.3%/yr | |
| Share buybacks (net) | $205,6062017 | $2.5M2024 | +43.2%/yr | |
| Capex / revenue | 0.0%2017 | 0.0%2025 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RA cash flow by activity
RA net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
RA cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||
| Net income | $61.9M | $64.4M | $81.8M | −$123.2M | $105.4M | −$37.0M | $128.7M | −$25.2M | $87.4M |
| Change in working capital | −$1.2M | $15.9M | $3.1M | −$23.1M | $15.4M | −$959,261 | $765,091 | −$103,375 | $3.0M |
| Other non-cash items | −$14.0M | −$27.0M | −$40.4M | $249.2M | −$231.0M | $151.3M | −$3.4M | $35.2M | $49.8M |
| Cash from operating activities | $46.6M | $53.2M | $44.6M | $102.8M | −$110.2M | $113.3M | $126.1M | $9.9M | $140.2M |
| Investing activities | |||||||||
| Capital expenditures | $0 | $0 | −$3 | −$4 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions & other investing | $20.3M | −$71.0M | $236.0M | $90.7M | −$134.7M | $21.6M | $111.9M | −$25.9M | — |
| Cash from investing activities | $20.3M | −$71.0M | $236.0M | $90.7M | −$134.7M | $21.6M | $111.9M | −$25.9M | — |
| Financing activities | |||||||||
| Dividends paid | −$78.2M | −$78.3M | −$116.3M | −$122.9M | −$108.7M | −$102.6M | −$87.1M | −$87.1M | −$87.1M |
| Share repurchases & issuance (net) | — | −$2.5M | −$6.2M | — | −$87.4M | −$16.3M | −$450,390 | — | −$205,606 |
| Net borrowing (repayment) | $5.0M | $86.5M | −$146.4M | −$89.4M | $87.4M | — | — | — | — |
| Shares issued | $0 | $0 | $2.6M | $105.6M | $132.9M | $0 | $0 | $0 | $0 |
| Other financing | −$645,194 | $0 | $0 | $0 | $87.4M | $5.1M | −$38.6M | $21.4M | −$43.3M |
| Cash from financing activities | −$73.9M | $5.6M | −$266.3M | −$106.7M | $111.6M | −$113.8M | −$126.2M | −$65.7M | −$130.6M |
| Summary | |||||||||
| Net change in cash | −$479,653 | $2.0M | −$3.0M | −$3.8M | $1.3M | −$499,778 | −$111,154 | −$55.9M | $9.6M |
| Cash at end of period | $1.7M | $2.2M | $179,276 | $3.2M | $7.0M | $5.7M | $6.2M | $6.3M | $61.3M |
| Free cash flow | $46.6M | −$3.6M | $44.6M | $102.8M | −$110.2M | $113.3M | $126.1M | $9.9M | $140.2M |
| Free cash flow margin | 60.1% | −5.3% | 64.5% | — | −101.1% | — | 95.9% | — | 164.9% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | — | 0.0% | — | 0.0% | — | 0.0% |
| Operating cash flow / net income | 0.75 | 0.83 | 0.55 | — | −1.05 | — | 0.98 | — | 1.60 |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | Jun '22 | Dec '21 | Jun '21 | Dec '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $25.0M | $28.8M | $33.1M | $44.0M | $20.3M | $57.0M | $24.8M | $1.2M | −$124.4M | $37.5M | $67.9M | $104.2M |
| Change in working capital | −$3.2M | $9.0M | −$10.2M | $8.4M | $7.5M | $1.6M | $1.5M | −$7.5M | −$20.2M | $15.8M | −$6.6M | −$117,505 |
| Other non-cash items | −$1.0M | −$6.0M | −$8.1M | −$30.2M | $3.2M | −$34.0M | −$6.3M | $20.2M | $145.6M | −$19.0M | −$50.8M | −$87.8M |
| Cash from operating activities | $20.7M | $31.8M | $14.8M | $22.2M | $31.0M | $24.6M | $20.0M | $14.0M | $1.0M | $34.4M | $10.6M | $16.3M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | $0 | $0 | −$4 | −$2 | −$3 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions & other investing | $39.6M | −$1.4M | $21.7M | −$22.4M | −$48.6M | $31.8M | $204.1M | $65.6M | $25.2M | −$58.8M | −$76.0M | −$7.5M |
| Cash from investing activities | $39.6M | −$1.4M | $21.7M | −$22.4M | −$48.6M | $31.8M | $204.1M | $65.6M | $25.2M | −$58.8M | −$76.0M | −$7.5M |
| Financing activities | ||||||||||||
| Dividends paid | −$39.1M | −$39.1M | −$39.1M | −$39.1M | −$39.2M | −$52.3M | −$64.0M | −$63.0M | −$59.9M | −$56.1M | −$52.6M | −$52.5M |
| Share repurchases & issuance (net) | — | — | — | $1.3M | −$3.8M | −$6.2M | — | — | — | — | — | −$3.1M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$11.1M | $3.3M | $1.0M | $51.5M | $34.9M | $6.9M | −$150.7M | −$20.6M | $36.9M | $88.5M | $131.7M | $28.0M |
| Cash from financing activities | −$50.2M | −$35.8M | −$38.1M | $13.7M | −$8.1M | −$51.6M | −$214.7M | −$83.6M | −$23.0M | $32.4M | $79.1M | −$27.6M |
| Summary | ||||||||||||
| Net change in cash | −$1.4M | $1.7M | −$2.2M | $2.1M | −$78,880 | $89,058 | −$3.1M | $2.0M | −$4.6M | −$3.2M | $3.7M | $4.9M |
| Cash at end of period | $264,534 | $1.7M | $30 | $2.2M | $100,396 | $179,276 | $90,218 | $3.2M | $1.2M | $5.8M | $9.1M | $5.4M |
| Free cash flow | $20.7M | $31.8M | $14.8M | $22.2M | $31.0M | $24.6M | $20.0M | $14.0M | $1.0M | $34.4M | $10.6M | $16.3M |
| Free cash flow margin | 50.3% | 82.7% | 37.9% | 52.6% | 101.2% | 77.4% | 53.5% | 70.2% | 2.2% | 75.9% | 13.9% | 64.0% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | 0.83 | 1.11 | 0.45 | 0.50 | 1.52 | 0.43 | 0.81 | 11.37 | — | 0.92 | 0.16 | 0.16 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
RA cash generation
In fiscal 2025 (ended December 31, 2025), Brookfield Real Assets Income generated $46.6 million of cash from operations (down 12.3%) and spent $0 on capital expenditures, leaving free cash flow of $46.6 million, 60.1% of revenue. It returned $78.2 million to shareholders through dividends ($78.2 million) and net share buybacks ($0). Cash and equivalents fell by $0.5 million over the year.
Related: RA income statement, RA balance sheet, RA dividend history. See the RA stock overview for the latest quote and news.
RA cash flow FAQ
What is Brookfield Real Assets Income's free cash flow?
Brookfield Real Assets Income's free cash flow was $46.6 million in fiscal 2025: $46.6 million of operating cash flow minus $0 of capital expenditures It was -$3.6 million a year earlier..
How much cash does Brookfield Real Assets Income generate from operations?
Brookfield Real Assets Income generated $46.6 million of cash from operating activities in fiscal 2025, 0.75 times its net income of $61.9 million.
How much does Brookfield Real Assets Income pay in dividends?
Brookfield Real Assets Income paid $78.2 million in dividends in fiscal 2025, 167.8% of free cash flow.