TSX:BAM Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,062	404	2,667	3,545	2,494	2,101
Cash & Short-Term Investments	1,062	404	2,667	3,545	2,494	2,101
Cash Growth	17.61%	-84.85%	-24.77%	42.14%	18.70%	-
Accounts Receivable	373	225	278	245	26	54
Other Receivables	3,408	815	799	924	158	186
Receivables	3,781	2,808	2,931	2,489	6,916	6,777
Prepaid Expenses	-	175	124	61	40	52
Other Current Assets	265	231	37	-	-	-
Total Current Assets	5,108	3,618	5,759	6,095	9,450	8,930
Property, Plant & Equipment	-	58	73	68	48	21
Long-Term Investments	10,128	9,606	7,522	6,877	13,564	10,960
Goodwill	-	251	251	249	249	249
Other Intangible Assets	-	38	42	59	64	71
Long-Term Deferred Tax Assets	702	586	643	739	2,268	2,240
Total Assets	16,521	14,157	14,290	14,087	25,643	22,471
Accounts Payable	2,495	490	537	401	561	611
Accrued Expenses	899	1,694	1,562	991	5,182	876
Short-Term Debt	-	-	198	-	461	-
Current Portion of Long-Term Debt	-	-	-	-	4,102	-
Other Current Liabilities	393	228	122	1,261	234	3,783
Total Current Liabilities	3,787	2,412	2,419	2,653	10,540	5,270
Long-Term Debt	1,939	251	-	-	-	4,781
Long-Term Deferred Tax Liabilities	121	46	40	17	700	472
Other Long-Term Liabilities	-	257	366	-	-	-
Total Liabilities	5,847	2,966	2,825	2,670	11,240	10,523
Common Stock	9,151	9,017	9,014	9,271	9,715	8,942
Additional Paid-In Capital	114	152	122	-	-	-
Retained Earnings	-704	-488	-178	84	-	-
Treasury Stock	-289	-91	-	-	-	-
Comprehensive Income & Other	189	162	168	153	156	162
Total Common Equity	8,461	8,752	9,126	9,508	9,871	9,104
Minority Interest	2,213	2,439	2,339	1,909	4,532	2,844
Shareholders' Equity	10,674	11,191	11,465	11,417	14,403	11,948
Total Liabilities & Equity	16,521	14,157	14,290	14,087	25,643	22,471
Total Debt	1,939	251	198	-	4,563	4,781
Net Cash (Debt)	-877	153	2,469	3,545	-2,069	-2,680
Net Cash Growth	-	-93.80%	-30.35%	-	-	-
Net Cash Per Share	-0.54	0.10	1.51	2.17	-	-
Filing Date Shares Outstanding	1,611	1,631	1,635	1,635	1,638	-
Total Common Shares Outstanding	1,612	1,631	1,635	1,635	1,638	-
Working Capital	1,321	1,206	3,340	3,442	-1,090	3,660
Book Value Per Share	5.25	5.37	5.58	5.81	6.03	-
Tangible Book Value	8,461	8,463	8,833	9,200	9,558	8,784
Tangible Book Value Per Share	5.25	5.19	5.40	5.63	5.83	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.