Brookfield 2022 INTERIM CONSOLIDATED FINANCIAL STATEMENTS AND NOTES Brookfield Renewable Corporation AS AT MARCH 31, 2022 AND DECEMBER 31, 2021 AND FOR THE THREE MONTHS ENDED MARCH 31, 2022 AND 2021 BROOKFIELD RENEWABLE CORPORATION CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------|--------|--------------------|-----------------------| | UNAUDITED (MILLIONS) | Notes ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------| | February \nCommission File Number: 001-35530 | 2022 \nC ...

Financial Performance - Revenues for Q2 2021 reached $817 million, a 7% increase from $764 million in Q2 2020[2] - Net income for Q2 2021 was $659 million, significantly up from $15 million in Q2 2020[2] - The company reported a comprehensive income of $859 million for Q2 2021, compared to $201 million in Q2 2020[3] - Net income for Q2 2021 was $611 million, compared to $602 million in the previous quarter, reflecting a slight increase[4] - The company reported a change in period equity of $745 million for the three months ended June 30, 2021, highlighting positive financial performance[4] - The company reported a net income attributable to the partnership of $602 million for Q2 2021, compared to a net loss of $25 million in Q2 2020[28] - Adjusted EBITDA for Q2 2021 was $507 million, compared to $476 million in Q2 2020, reflecting a 6.5% year-over-year growth[28] - Funds From Operations (FFO) for Q2 2021 totaled $265 million, compared to $253 million in Q2 2020, indicating a 4.7% increase[30] Assets and Liabilities - Total assets as of June 30, 2021, were $38.805 billion, a decrease from $39.473 billion at the end of 2020[1] - Total liabilities decreased to $27.361 billion as of June 30, 2021, from $27.748 billion at the end of 2020[1] - Total equity as of June 30, 2021, was $11,444 million, up from $10,290 million at the end of 2020, indicating growth in shareholder value[5] - The company reported liabilities directly associated with assets held for sale at $401 million as of June 30, 2021[12] - The company has a long-term debt of $361 million and total current liabilities of $9 million as of June 30, 2021[13] - Total borrowings as of June 30, 2021, amounted to $5,447 million, compared to $5,523 million at the end of 2020, showing a decrease of 1.4%[32] Cash Flow and Capital Management - Cash and cash equivalents increased to $396 million from $355 million at the end of 2020[1] - The company reported a net change in cash of $109 million for Q2 2021, compared to a decrease in cash in the same period last year[6] - The total repayment of non-recourse borrowings in Q2 2021 was $327 million, compared to $361 million in Q2 2020, indicating a decrease of 9.4%[6] - The company experienced a capital contribution of $11 million during the quarter, supporting ongoing growth initiatives[4] - The total restricted cash increased to $288 million as of June 30, 2021, from $229 million as of December 31, 2020[47] Segment Performance - The company reported total revenues of $373 million for the three months ended June 30, 2021, with hydroelectric contributing $243 million, wind $47 million, solar $49 million, and energy transition $34 million[24] - Hydroelectric segment revenues for Q2 2021 were $478 million, up from $433 million in Q2 2020, representing an increase of 10.4%[34] - Wind segment revenues increased to $113 million in Q2 2021 from $141 million in Q2 2020, a decrease of 19.8%[34] - Solar segment revenues rose to $86 million in Q2 2021, compared to $124 million in Q2 2020, a decline of 30.6%[34] Investments and Future Plans - The company plans to continue expanding its renewable energy portfolio and exploring new market opportunities[2] - The company plans to continue expanding its renewable energy portfolio, focusing on hydroelectric, wind, and solar technologies[34] - The company has committed to invest approximately $11 million to acquire a 270 MW wind development portfolio in Brazil, expected to close in Q1 2022[50] - The company also committed to invest $41 million to acquire a 38 MW solar development portfolio in Colombia, with a closing expected in Q1 2022[50] Financial Instruments and Risk Management - The company has entered into various financial instruments to manage risks, including energy derivative contracts, interest rate swaps, and foreign exchange swaps[14] - Energy derivative contracts resulted in a loss of $44 million for the three months ended June 30, 2021[18] - Interest rate swaps generated a gain of $8 million for the three months ended June 30, 2021[18] Other Financial Information - The effective income tax rate for the six months ended June 30, 2021, was 2.0%, significantly lower than the 36.4% rate in 2020[36] - The company reported significant financial information filed electronically with securities regulators in the US and Canada[58] - Investor relations can be contacted at (416) 649-8172 or via email at enquiries@brookfieldrenewable.com[58]