Financial Performance - Net income for the quarter was $3.1 billion, a significant increase from $44 million in the same quarter of 2022[2] - Net income for the year ended December 31, 2023, was $5.1 billion, a decrease from $5.2 billion in 2022[24] - Total distributable earnings for the year were $4.8 billion ($3.03/share), a decrease of 8.1% from $5.2 billion in 2022[14] - Distributable earnings (DE) for the year were $4.8 billion, with DE before realizations increasing by 17% compared to the prior year[24][26] - Diluted earnings per share for Q4 2023 were $0.42, compared to a loss of $0.23 in Q4 2022[24] Asset Management - The asset management business raised $93 billion in capital, contributing to a total fee-bearing capital of $457 billion, a 9% increase year-over-year[32] - Fee-related earnings in the asset management segment increased by 6% compared to the prior year[32] Investments and Capital - Total assets increased to $490.1 billion in 2023, up from $441.3 billion in 2022, representing an increase of 11.1%[1] - The company ended the quarter with $122 billion of capital available for new investments, including $38 billion in cash and financial assets[10] - The company monetized over $30 billion of assets during the year, validating the carrying values of its investments[9] Shareholder Returns - The company returned $1.1 billion to shareholders through dividends and share repurchases, with over $600 million in share buybacks[12] - The quarterly dividend was raised by 14% to $0.08 per share, payable on March 28, 2024[30] - The company repurchased over $600 million of shares in 2023 and plans to acquire at least $1 billion more in 2024[25] Operational Performance - Operating funds from operations in renewable power and infrastructure businesses increased by 7% year-over-year, supporting stable cash distributions[7] - Same-store net operating income (NOI) growth in core real estate was 7% compared to the prior year[5] Future Outlook and Risks - The company expects to achieve targeted returns of 15%+ per share for shareholders over the long term[25] - Brookfield Corporation emphasizes that forward-looking statements are based on estimates and assumptions, and actual results may differ materially due to various risks and uncertainties[57] - Target returns and growth objectives are presented based on various assumptions, with no assurance that they will be achieved due to potential risks and uncertainties[58] - The company acknowledges the impact of economic, political, and market factors on its operations, which could lead to lower-than-target returns[57] - The company is subject to various risks, including changes in government regulation, competition, and technological changes, which could affect its performance[57] Financial Metrics and Definitions - The company defines Funds from Operations (FFO) as net income attributable to shareholders prior to fair value changes, depreciation, and amortization, which includes realized disposition gains[53] - Realized Carried Interest represents the company's share of investment gains after considering clients' minimum return requirements, highlighting the importance of third-party capital[52] - Brookfield Corporation uses DE and FFO to assess operating results and believes these measures are valuable to shareholders and analysts[54] - The company cautions that non-IFRS financial measures, such as DE and FFO, may differ from those disclosed by other businesses and should not be considered in isolation[55] Strategic Actions - Strategic actions, including acquisitions and dispositions, are critical for the company, with a focus on effective integration to attain expected benefits[57] - Brookfield Corporation highlights the importance of managing human capital and operational risks as part of its business strategy[57]

BROOKFIELD NEWS, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (TSX:BN, NYSE:BN) will host its fourth quarter 2023 conference call and webcast on Thursday, February 8, 2024 at 10:00am (ET). Results will be released that morning before 7:00am (ET) and available on our website at https://bn.brookfield.com/news-events/press-releases. Participants can join by conference call or webcast: Conference Call Please pre-register by conference call: https://register.vevent.com/register/BId6d208f8e3d945d3895a ...

Brookfield Corporation (TSX:BN:CA) Q3 2023 Results Conference Call November 9, 2023 8:00 AM ET Company Participants Angela Yulo - Vice President Bruce Flatt - Chief Executive Officer Nick Goodman - President, Brookfield Corporation Conference Call Participants Mario Saric - Scotiabank Ken Worthington - JPMorgan Cherilyn Radbourne - TD Cowen Sohrab Movahedi - BMO Capital Markets Mike Brown - KBW Operator Hello, and welcome to the Brookfield Corporation Third Quarter 2023 Conference Call and Webcast. [Operato ...

Brookfield Corporation Reports Strong Third Quarter Results Liquidity of Nearly $120 billion Today BROOKFIELD, NEWS, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) announced strong financial results for the quarter ended September 30, 2023. Operating Results | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------|-------|-------------|-------|------------------|----------------|-------|--------------| | Net income | $ | 2023 \n35 | $ | 20 ...

EXHIBIT 99.1 On Track to Achieve Record Inflows of Close to $150 billion in 2023 BROOKFIELD, NEWS, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) today announced financial results for the quarter ended June 30, 2023. He added, "We continue to differentiate our franchise with nearly $120 billion of liquidity, strong access to large scale capital, and our deep investment and operating expertise—all of which enables us to further scale our operations with the goal of having one of ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------|-------|--------------|-------|----------------|-------|----------------|-------|---------------| | (US$ millions, except per share amounts) \nNet income | $ | 2023 \n424 | $ | 2022 \n2,960 | $ | 2023 \n2,659 | $ | 2022 \n11,572 | | Distributable earnings before realizations | | 945 | | 947 | | 4,312 | | 3,674 | | Adjusted for the special distribution | | 945 | | 824 | | 3,946 | | 3,183 | | Per B ...

Brookfield has become a signatory to the Net Zero Asset Managers initiative ("NZAM"), to further our commitment to support the transition to a net zero carbon economy. NZAM is a group of international asset managers committed to supporting the goal of net zero GHG emissions by 2050 or sooner. To fulfill this commitment, our asset management business is commencing to take account of emissions, prioritize emissions reductions across Brookfield's businesses, and work towards publishing disclosures in line with ...

SEGMENT OPERATING FUNDS FROM OPERATIONS | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------|-------|-------|-----------------------|---------|-------|--------------------|---------| | Unaudited For the periods ended December 31 \n(US$ millions) | | 2022 | Three Months Ended \n | \n2021 | | Years Ended \n2022 | 2021 | | Net income | $ | 44 | $ | 3,461 | $ | 5,195 $ | 12,388 | | Non-controlling interests | | | (360) | (2,343) | | (3,139) | (8,422) ...

Brookfield 2021 ANNUAL R E P O R T Brookfield Asset Management Inc. FIVE-YEAR FINANCIAL RECORD | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------|-------|----------|-------|------------|-------|----------|-------|-------|-------| | AS AT AND FOR THE YEARS ENDED DEC. 31 | | 2021 | | 2020 | | 2019 | 2018 | | 2017 | | PER SHARE 1 | | | | | | | | | | | Net income (loss) | $ | 2.39 $ | | (0.12) $ | | 1.73 $ | 2.27 | $ | 0.89 | | Funds from opera ...