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Brookfield Asset Management cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$535M in Q2 2026 · $2.3B over twelve months

Operating cash flow$545M
Capital spending−$10.0M
Free cash flow+$535M
Cash / net income0.5×

Analysis

In Q2 2026, Brookfield Asset Management generated $545M of operating cash flow and spent $10.0M on capital projects, leaving free cash flow of $535M. That is $7.0M more than in Q2 2025 ($528M).

Over the twelve months to Jun 30, 2026, operating cash flow was $2.3B; the largest uses were dividends ($3.0B), buybacks ($872M), other investing ($210M); besides operations, cash came from other financing ($3.0B); the cash balance rose by $1.0B.

Operating cash flow was $545M against net income of $1.2B — 0.5× profit, less cash than reported earnings, worth checking against working capital. The largest differences: payables +$88.0M, deferred taxes +$82.0M, stock-based pay +$42.0M.

Free cash flow

Brookfield Asset Management: free cash flow by quarterBrookfield Asset Management: free cash flow by quarter$565MQ3 2024$133MQ4 2024$112MQ1 2025$528MQ2 2025$741MQ3 2025$704MQ4 2025$332MQ1 2026$535MQ2 2026
Operating cash flow less capital spending.
Brookfield Asset Management: operating cash flow against capital spendingBrookfield Asset Management: operating cash flow against capital spendingOperating cash flowCapital spending$567M$2.0MQ3 2024$136M$3.0MQ4 2024$114M$2.0MQ1 2025$529M$1.0MQ2 2025$745M$4.0MQ3 2025$706M$2.0MQ4 2025$338M$6.0MQ1 2026$545M$10.0MQ2 2026
Latest (Q2 2026): Operating cash flow $545M, Capital spending $10.0M.

Capital allocation, year by year

Brookfield Asset Management: where the cash came from (up) and went (down), by fiscal yearBrookfield Asset Management: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedCapital spendingAcquisitionsBuybacksDividendsFY2023: Operating cash flow $1.4BFY2023: Shares issued $63.0MFY2023: Capital spending −$17.0MFY2023: Buybacks −$319MFY2023: Dividends −$2.1B$1.5BFY2023FY2024: Operating cash flow $1.6BFY2024: Capital spending −$8.0MFY2024: Dividends −$2.5B$1.6BFY2024FY2025: Operating cash flow $2.1BFY2025: Shares issued $25.0MFY2025: Capital spending −$9.0MFY2025: Acquisitions $6.0MFY2025: Buybacks −$412MFY2025: Dividends −$2.8B$2.1BFY2025
Over these 3 years operating cash flow totalled $5.2B; the largest uses were dividends ($7.4B) and buybacks ($731M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.5B
Debt$4.1B
Net debt$2.6B

Brookfield Asset Management funds itself: free cash flow was $2.3B over the last twelve months, and $1.5B of cash and investments stands against $4.1B of debt.

Where the cash came from and went

Brookfield Asset Management: sources (+) and uses (−) of cash, Q2 2026Brookfield Asset Management: sources (+) and uses (−) of cash, Q2 2026Other financing$1.3BDividends−$802MOperating cash flow$545MCash drawn (+) / kept (−)−$407MOther investing−$298MBuybacks−$200MPartners−$111MCapital spending−$10.0MExchange rates−$3.0M
Brookfield Asset Management: sources (+) and uses (−) of cash, TTM to Q2 2026Brookfield Asset Management: sources (+) and uses (−) of cash, TTM to Q2 2026Dividends−$3.0BOther financing$3.0BOperating cash flow$2.3BCash drawn (+) / kept (−)−$1.0BBuybacks−$872MOther investing−$210MPartners−$199MCapital spending−$22.0M

From profit to cash

Brookfield Asset Management: net income to operating cash flow, Q2 2026Brookfield Asset Management: net income to operating cash flow, Q2 2026Net income$1.2BDepreciation & amortization$13.0MStock-based pay$42.0MDeferred taxes$82.0MOther non-cash−$2.0MReceivables$22.0MPayables$88.0MOperating cash flow$545M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsShares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$545M−$10.0M—−$200M−$802M—−$407M$535M
Q1 2026$338M−$6.0M—−$376M−$809M—$487M$332M
Q4 2025$706M−$2.0M—−$227M−$703M—−$521M$704M
Q3 2025$745M−$4.0M—−$69.0M−$706M—−$582M$741M
Q2 2025$529M−$1.0M——−$702M$25.0M−$148M$528M
Q1 2025$114M−$2.0M$6.0M−$116M−$707M—$72.0M$112M
Q4 2024$136M−$3.0M——−$619M—$499M$133M
Q3 2024$567M−$2.0M——−$620M—$1.0B$565M

Brookfield Asset Management: income statement and cash flow

Brookfield Asset Management, Q2 2026: revenue $1.8B (+61% year over year), operating margin 62.4%. The chart follows the revenue to costs, profit and cash.

Brookfield Asset Management: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.