Brookfield Asset Management Inc (BAM) is a global alternative asset management company that focuses on real estate, renewable energy, infrastructure, and private equity. As of December 31, 2020, the company had total assets of $619 billion and manages over 600 million square feet of real estate worldwide. The company's primary objective is to generate attractive long-term returns for its investors by investing in high-quality assets with strong cash flows.
In terms of financial performance, Brookfield Asset Management Inc reported total revenue of $69 billion for the fiscal year ended December 31, 2020. This was driven by strong performance across its various business segments, including real estate, infrastructure, and private equity. The company's gross profit for the year was $18 billion, while its net income from stockholders was $5 billion. Brookfield Asset Management Inc's EBITDA for the year was $12 billion, while its EBIT was $8 billion.
On the balance sheet side, Brookfield Asset Management Inc had total debt of $102 billion as of December 31, 2020. The company's net debt, which takes into account its cash equivalents, was $80 billion. However, the company has a strong stockholders' equity position, with $138 billion in equity as of the end of the fiscal year. In terms of total assets, Brookfield Asset Management Inc had $619 billion, while its total liabilities amounted to $481 billion.
In terms of cash flow, Brookfield Asset Management Inc generated operating cash flow of $10 billion for the fiscal year ended December 31, 2020. The company's investing cash flow and financing cash flow were $6 billion and $4 billion, respectively. This resulted in a free cash flow of $4 billion for the year. The company's strong cash flow generation allows it to fund its investments and distributions to shareholders.
In conclusion, Brookfield Asset Management Inc is a global alternative asset management company with a focus on real estate, renewable energy, infrastructure, and private equity. The company has a strong financial position, with significant total assets and stockholders' equity. It generates substantial revenue and profits from its various business segments and has a solid cash flow generation. Brookfield Asset Management Inc is well-positioned to continue delivering attractive returns for its investors.