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SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2017
Operating Segments [Abstract]  
Summary of financial information by segment
The following is an analysis of Brookfield Infrastructure’s assets by reportable operating segment for the years under review:
 
 
Total Attributable to Brookfield Infrastructure
 
 
 
 
 
 
 
 
 
 
Contribution
from
investments
in associates
 
Attributable
to non-
controlling
interest
 
Working
capital
adjustment
and other
 
As per IFRS financials on F-5(1)
AS AT
DECEMBER 31, 2017
US$ MILLIONS
 
Utilities
 
Transport
 
Energy
 
Comm.
Infrastructure
 
Corporate
 
Brookfield
Infrastructure
 
Total assets
 
$
6,542

 
$
6,990

 
$
3,134

 
$
1,049

 
$
(1,083
)
 
$
16,632

 
$
(3,134
)
 
$
11,668

 
$
4,311

 
$
29,477

 
 
 
Total Attributable to Brookfield Infrastructure
 
 
 
 
 
 
 
 
 
 
Contribution
from
investments
in associates
 
Attributable
to non-
controlling
interest
 
Working
capital
adjustment
and other
 
As per
IFRS
financials
on F-5(1)
AS AT
DECEMBER 31, 2016
US$ MILLIONS
 
Utilities
 
Transport
 
Energy
 
Comm.
Infrastructure
 
Corporate
 
Brookfield
Infrastructure
 
Total assets
 
$
4,605

 
$
6,160

 
$
3,032

 
$
933

 
$
(510
)
 
$
14,220

 
$
(2,996
)
 
$
6,496

 
$
3,555

 
$
21,275

 
(1)
The above table provides each segment’s assets in the format that management organizes its segments to make operating decisions and assess performance. Each segment is presented on a proportionate basis, taking into account Brookfield Infrastructure’s ownership in operations using consolidation and the equity method whereby our partnership either controls or exercises significant influence over the investment respectively. The above table reconciles Brookfield Infrastructure’s proportionate assets to total assets presented on our partnership’s Consolidated Statements of Financial Position by removing net liabilities contained within investments in associates and joint ventures and reflecting the assets attributable to non-controlling interests, and adjusting for working capital assets which are netted against working capital liabilities.
FOR THE YEAR ENDED
DECEMBER 31, 2017
US$ MILLIONS
 
Total attributable to
Brookfield Infrastructure
 
 
 
 
 
 
 
Contribution
from
investments
in associates
 
Attributable
to non-
controlling
interest
 
As per
IFRS
financials
on F-6(1)
 
Utilities
 
Transport
 
Energy
 
Comm.
Infrastructure
 
Corporate
 
Total
 
Revenues
 
$
988

 
$
1,589

 
$
559

 
$
165

 
$
—

 
$
3,301

 
$
(1,624
)
 
$
1,858

 
$
3,535

Costs attributed to revenues
 
(250
)
 
(895
)
 
(278
)
 
(75
)
 
—

 
(1,498
)
 
861

 
(872
)
 
(1,509
)
General and administrative costs
 
—

 
—

 
—

 
—

 
(239
)
 
(239
)
 
—

 
—

 
(239
)
Adjusted EBITDA
 
738

 
694

 
281

 
90

 
(239
)
 
1,564

 
(763
)
 
986

 


Other (expense) income
 
(14
)
 
(4
)
 
15

 
(2
)
 
45

 
40

 
7

 
(108
)
 
(61
)
Interest expense
 
(114
)
 
(158
)
 
(87
)
 
(12
)
 
(63
)
 
(434
)
 
172

 
(166
)
 
(428
)
FFO
 
610

 
532

 
209

 
76

 
(257
)
 
1,170

 
(584
)
 
712

 


Depreciation and amortization
 
(186
)
 
(312
)
 
(151
)
 
(77
)
 
—

 
(726
)
 
382

 
(327
)
 
(671
)
Deferred taxes
 
(52
)
 
(1
)
 
11

 
21

 
14

 
(7
)
 
(22
)
 
(38
)
 
(67
)
Mark-to-market on hedging items and other
 
(59
)
 
(80
)
 
(37
)
 
(9
)
 
(127
)
 
(312
)
 
106

 
124

 
(82
)
Share of earnings from associates
 
—

 
—

 
—

 
—

 
—

 
—

 
118

 
—

 
118

Net income attributable to non-controlling interest and preferred unitholders
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(471
)
 
(471
)
Net income (loss) attributable to partnership(2)
 
$
313

 
$
139

 
$
32

 
$
11

 
$
(370
)
 
$
125

 
$
—

 
$
—

 
$
125

FOR THE YEAR ENDED
DECEMBER 31, 2016
US$ MILLIONS
 
Total attributable to
Brookfield Infrastructure
 
 
 
 
 
 
 
Contribution
from
investments
in associates
 
Attributable
to non-
controlling
interest
 
As per
IFRS
financials
on F-6(1)
 
Utilities
 
Transport
 
Energy
 
Comm.
Infrastructure
 
Corporate
 
Total
 
Revenues
 
$
684

 
$
1,247

 
$
496

 
$
163

 
$
—

 
$
2,590

 
$
(1,311
)
 
$
836

 
$
2,115

Costs attributed to revenues
 
(160
)
 
(650
)
 
(220
)
 
(72
)
 
—

 
(1,102
)
 
651

 
(612
)
 
(1,063
)
General and administrative costs
 
—

 
—

 
—

 
—

 
(166
)
 
(166
)
 
—

 
—

 
(166
)
Adjusted EBITDA
 
524

 
597

 
276

 
91

 
(166
)
 
1,322

 
(660
)
 
224

 


Other income (expense)
 
5

 
(17
)
 
8

 
(2
)
 
84

 
78

 
16

 
1

 
95

Interest expense
 
(130
)
 
(157
)
 
(109
)
 
(12
)
 
(48
)
 
(456
)
 
190

 
(126
)
 
(392
)
FFO
 
399

 
423

 
175

 
77

 
(130
)
 
944

 
(454
)
 
99

 


Depreciation and amortization
 
(154
)
 
(253
)
 
(128
)
 
(74
)
 
—

 
(609
)
 
328

 
(166
)
 
(447
)
Deferred taxes
 
5

 
26

 
(38
)
 
29

 
(17
)
 
5

 
9

 
4

 
18

Mark-to-market on hedging items and other
 
(88
)
 
10

 
81

 
(5
)
 
149

 
147

 
(131
)
 
117

 
133

Share of earnings from associates
 
—

 
—

 
—

 
—

 
—

 
—

 
248

 
—

 
248

Net income attributable to non-controlling interest and preferred unitholders
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(54
)
 
(54
)
Net income (loss) attributable to partnership(2)
 
$
162

 
$
206

 
$
90

 
$
27

 
$
2

 
$
487

 
$
—

 
$
—

 
$
487

FOR THE YEAR ENDED
DECEMBER 31, 2015
US$ MILLIONS
 
Total attributable to
Brookfield Infrastructure
 
 
 
 
 
 
 
Contribution
from
investments
in associates
 
Attributable
to non-
controlling
interest
 
As per
IFRS
financials
on F-6(1)
 
Utilities
 
Transport
 
Energy
 
Comm.
Infrastructure
 
Corporate
 
Total
 
Revenues
 
698

 
1,143

 
349

 
123

 
—

 
2,313

 
(1,044
)
 
586

 
1,855

Costs attributed to revenues
 
(174
)
 
(588
)
 
(183
)
 
(57
)
 
—

 
(1,002
)
 
546

 
(342
)
 
(798
)
General and administrative costs
 
—

 
—

 
—

 
—

 
(134
)
 
(134
)
 
—

 
—

 
(134
)
Adjusted EBITDA
 
524

 
555

 
166

 
66

 
(134
)
 
1,177

 
(498
)
 
244

 


Other income (expense)
 
5

 
(15
)
 
3

 
—

 
34

 
27

 
13

 
(4
)
 
36

Interest expense
 
(142
)
 
(142
)
 
(79
)
 
(6
)
 
(27
)
 
(396
)
 
144

 
(115
)
 
(367
)
FFO
 
387

 
398

 
90

 
60

 
(127
)
 
808

 
(341
)
 
125

 


Depreciation and amortization
 
(153
)
 
(217
)
 
(90
)
 
(46
)
 
—

 
(506
)
 
246

 
(115
)
 
(375
)
Deferred taxes
 
(8
)
 
21

 
14

 
14

 
12

 
53

 
(41
)
 
14

 
26

Mark-to-market on hedging items and other
 
(16
)
 
(67
)
 
(14
)
 
(13
)
 
56

 
(54
)
 
67

 
66

 
79

Share of earnings from associates
 
—

 
—

 
—

 
—

 
—

 
—

 
69

 
—

 
69

Net income attributable to non-controlling interest and preferred unitholders
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(90
)
 
(90
)
Net income (loss) attributable to partnership(2)
 
210

 
135

 
—

 
15

 
(59
)
 
301

 
—

 
—

 
301

 
(1)
The above table provides each segment’s results in the format that management organizes its segments to make operating decisions and assess performance. Each segment is presented on a proportionate basis, taking into account Brookfield Infrastructure’s ownership in operations accounted for using the consolidation and equity methods under IFRS. The above table reconciles Brookfield Infrastructure’s proportionate results to our partnership’s consolidated statements of operating results on a line by line basis by aggregating the components comprising the earnings from our partnership’s investments in associates and reflecting the portion of each line item attributable to non-controlling interests.
(2)
Net income (loss) attributable to our partnership includes net income (loss) attributable to non-controlling interests—Redeemable Partnership Units held by Brookfield, general partner and limited partners.
Brookfield Infrastructure’s revenue arises from the rendering of services by the following operating segments:
US$ MILLIONS
 
2017
 
2016
 
2015
Utilities
 
 
 
 
 
 
Regulated Transmission
 
$
938

 
$
27

 
$
43

Regulated Terminal
 
301

 
299

 
330

Regulated Distribution
 
546

 
499

 
491

Transport
 
 
 
 
 
 
Rail
 
296

 
270

 
316

Ports
 
681

 
360

 
220

Toll Roads
 
313

 
262

 
113

Energy
 
 
 
 
 
 
Transmission & Storage
 
150

 
141

 
105

District Energy
 
310

 
257

 
237

 
 
$
3,535

 
$
2,115

 
$
1,855
Summary of financial information by geographic regions
Revenues from external customers
US$ MILLIONS
 
2017
 
2016
 
2015
Australia
 
$
1,093

 
$
793

 
$
699

Brazil
 
938

 
—

 
—

United Kingdom
 
565

 
566

 
635

Colombia
 
161

 
150

 
152

Canada
 
193

 
163

 
118

Chile
 
153

 
127

 
113

United States of America
 
183

 
154

 
138

India
 
57

 
39

 
—

Peru
 
103

 
97

 
—

New Zealand
 
89

 
26

 
—

 
 
$
3,535

 
$
2,115

 
$
1,855

Over 10% of our partnership’s revenue is from one customer. For the year ended December 31, 2017, revenue generated from this customer of the utilities segment was $938 million (2016: $nil).
Non-current Assets
US$ MILLIONS
 
2017
 
2016
Australia
 
$
5,770

 
$
5,542

United Kingdom
 
4,431

 
3,739

Chile
 
2,045

 
1,748

Brazil
 
8,184

 
1,895

United States of America
 
2,818

 
2,470

Canada
 
1,468

 
1,252

Colombia
 
764

 
700

Europe
 
836

 
718

India
 
256

 
265

Peru
 
1,356

 
1,281

New Zealand
 
37

 
33

 
 
$
27,965

 
$
19,643