| | | | | | | | | | | | | | | | | | | | | |
AS AT MAR. 31, 2025 AND DEC. 31, 2024 (MILLIONS) | 2025 | | 2024 | | | | Change | | |
Assets | | | | | | | | | |
Property, plant and equipment | $ | 152,908 | | | $ | 153,019 | | | | | $ | (111) | | | |
Investment properties | 95,960 | | | 103,665 | | | | | (7,705) | | | |
Equity accounted investments | 69,405 | | | 68,310 | | | | | 1,095 | | | |
Cash and cash equivalents | 12,437 | | | 15,051 | | | | | (2,614) | | | |
Accounts receivable and other | 30,503 | | | 30,218 | | | | | 285 | | | |
Intangible assets | 37,219 | | | 36,072 | | | | | 1,147 | | | |
Goodwill | 37,024 | | | 35,730 | | | | | 1,294 | | | |
Other assets | 56,121 | | | 48,359 | | | | | 7,762 | | | |
Total assets | $ | 491,577 | | | $ | 490,424 | | | | | $ | 1,153 | | | |
Liabilities | | | | | | | | | |
Corporate borrowings | $ | 14,607 | | | $ | 14,232 | | | | | $ | 375 | | | |
Non-recourse borrowings of managed entities | 231,257 | | | 220,560 | | | | | 10,697 | | | |
Other non-current financial liabilities | 28,252 | | | 30,136 | | | | | (1,884) | | | |
Other liabilities | 58,531 | | | 60,113 | | | | | (1,582) | | | |
Equity | | | | | | | | | |
Preferred equity | 4,103 | | | 4,103 | | | | | — | | | |
Non-controlling interests | 113,667 | | | 119,406 | | | | | (5,739) | | | |
Common equity | 41,160 | | | 41,874 | | | | | (714) | | | |
Total equity | 158,930 | | | 165,383 | | | | | (6,453) | | | |
| $ | 491,577 | | | $ | 490,424 | | | | | $ | 1,153 | | | |