40-F Filing

BROOKFIELD ASSET MANAGEMENT LTD. CIK: 1937926 FY 2023

Filing Information

Form Type	40-F
Accession Number	`0001937926-24-000004`
Period End Date	20231231
Filing Date	20240319
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	bam-20231231_d2_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 35 Income Statement 36 Cash Flow Statement 50 Stockholders Equity 17

Balance Sheet 35 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.00M	USD	Point-in-time
Held in treasury (in shares)	`TreasuryStockCommonShares`	24.29M	shares	Point-in-time
Held in treasury (in shares)	`TreasuryStockCommonShares`	24.29M	shares	Point-in-time
Due from affiliates	`OtherReceivables`	$886.00M	USD	Point-in-time
Due from affiliates	`OtherReceivables`	$782.00M	USD	Point-in-time
Other assets	`OtherAssets`	-	USD	Point-in-time
Other assets	`OtherAssets`	$40.00M	USD	Point-in-time
Investment in Brookfield Asset Management ULC	`Investments`	$2.27B	USD	Point-in-time
Investment in Brookfield Asset Management ULC	`Investments`	$2.38B	USD	Point-in-time
Total assets	`Assets`	$3.21B	USD	Point-in-time
Total assets	`Assets`	$3.16B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$859.00M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$781.00M	USD	Point-in-time
Due to affiliates	`OtherAccountsPayableAndAccruedLiabilities`	$3.00M	USD	Point-in-time
Due to affiliates	`OtherAccountsPayableAndAccruedLiabilities`	$261.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.12B	USD	Point-in-time
Total liabilities	`Liabilities`	$784.00M	USD	Point-in-time
Commitment and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitment and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$403.00M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$278.00M	USD	Point-in-time
Retained (deficit) earnings	`RetainedEarningsAccumulatedDeficit`	$19.00M	USD	Point-in-time
Retained (deficit) earnings	`RetainedEarningsAccumulatedDeficit`	$-35.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.00M	USD	Point-in-time
Equity	`StockholdersEquity`	$2.08B	USD	Point-in-time
Equity	`StockholdersEquity`	$2.38B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$9.00M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	-	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.38B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Total liabilities, non-controlling interest and equity	`LiabilitiesAndStockholdersEquity`	$3.21B	USD	Point-in-time
Total liabilities, non-controlling interest and equity	`LiabilitiesAndStockholdersEquity`	$3.16B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Operating recoveries	`OperatingRecoveries`	$37.00M	USD	2 Qtrs
Operating recoveries	`OperatingRecoveries`	$383.00M	USD	Annual
Compensation and benefits	`EmployeeBenefitsAndShareBasedCompensation`	$326.00M	USD	Annual
Compensation and benefits	`EmployeeBenefitsAndShareBasedCompensation`	$1.00M	USD	2 Qtrs
Other operating expense	`OtherExpenses`	$35.00M	USD	2 Qtrs
Other operating expense	`OtherExpenses`	$5.00M	USD	Annual
Realized	`RealizedCarriedInterestAllocationCompensation`	-	USD	2 Qtrs
Realized	`RealizedCarriedInterestAllocationCompensation`	$24.00M	USD	Annual
Unrealized	`UnrealizedCarriedInterestAllocationCompensation`	$3.00M	USD	2 Qtrs
Unrealized	`UnrealizedCarriedInterestAllocationCompensation`	$38.00M	USD	Annual
Total carried interest allocation compensation	`CarriedInterestAllocationCompensation`	$62.00M	USD	Annual
Total carried interest allocation compensation	`CarriedInterestAllocationCompensation`	$3.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.00M	USD	Annual
Total expenses	`OperatingExpenses`	$39.00M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$402.00M	USD	Annual
Share of income from Brookfield Asset Management ULC	`IncomeLossFromEquityMethodInvestments`	$470.00M	USD	Annual
Share of income from Brookfield Asset Management ULC	`IncomeLossFromEquityMethodInvestments`	$21.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$19.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$451.00M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.15	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.13	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	396.20M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	391.70M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	400.90M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	396.50M	shares	Annual
Net income	`NetIncomeLoss`	$19.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$451.00M	USD	Annual
Share of other comprehensive income from Brookfield Asset Management ULC	`OciEquityMethodInvestmentAfterTaxParent`	-	USD	2 Qtrs
Share of other comprehensive income from Brookfield Asset Management ULC	`OciEquityMethodInvestmentAfterTaxParent`	$3.00M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.00M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$454.00M	USD	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$451.00M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$781.00M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$63.00M	USD	Annual
Share of income from Brookfield Asset Management ULC, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$21.00M	USD	2 Qtrs
Share of income from Brookfield Asset Management ULC, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-56.00M	USD	Annual
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$782.00M	USD	2 Qtrs
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$70.00M	USD	Annual
Stock based equity awards	`ShareBasedCompensation`	$6.00M	USD	Annual
Stock based equity awards	`ShareBasedCompensation`	-	USD	2 Qtrs
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	-	USD	2 Qtrs
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$2.00M	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Other expense	`OtherNoncashIncomeExpense`	-	USD	Annual
Other expense	`OtherNoncashIncomeExpense`	$-1.00M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$9.00M	USD	Annual
Net change in working capital	`NetChangeInWorkingCapital`	$-1.00M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Net change in working capital	`NetChangeInWorkingCapital`	$-5.00M	USD	Annual
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.00M	USD	2 Qtrs
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$508.00M	USD	Annual
Settlement of due to affiliates	`SettlementOfDueToAffiliates`	$56.00M	USD	Annual
Settlement of due to affiliates	`SettlementOfDueToAffiliates`	$278.00M	USD	2 Qtrs
Purchase of other assets	`PaymentsToAcquireStockOptions`	-	USD	2 Qtrs
Purchase of other assets	`PaymentsToAcquireStockOptions`	$41.00M	USD	Annual
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-41.00M	USD	Annual
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Stock-based compensation prepayment from affiliates	`ProceedsFromContributionsFromAffiliates`	-	USD	2 Qtrs
Stock-based compensation prepayment from affiliates	`ProceedsFromContributionsFromAffiliates`	$104.00M	USD	Annual
Share subscriptions	`ShareSubscriptions`	$4.00M	USD	Annual
Share subscriptions	`ShareSubscriptions`	$-52.00M	USD	2 Qtrs
Capital provided by non-controlling interest	`ProceedsFromMinorityShareholders`	$9.00M	USD	Annual
Capital provided by non-controlling interest	`ProceedsFromMinorityShareholders`	-	USD	2 Qtrs
Change in due to affiliates	`ChangeInPaymentsDueToAffiliates`	$-281.00M	USD	2 Qtrs
Change in due to affiliates	`ChangeInPaymentsDueToAffiliates`	$-256.00M	USD	Annual
Distributions paid to common stockholders	`PaymentsOfDividends`	$505.00M	USD	Annual
Distributions paid to common stockholders	`PaymentsOfDividends`	-	USD	2 Qtrs
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	$330.00M	USD	2 Qtrs
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	$319.00M	USD	Annual
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00M	USD	2 Qtrs
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-459.00M	USD	Annual
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.00M	USD	2 Qtrs
Change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.00M	USD	Annual
Balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.00M	USD	Point-in-time
Balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.00M	USD	Point-in-time
Balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.00M	USD	Point-in-time
Balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.00M	USD	Point-in-time
Balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.38B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Net income	`NetIncomeLoss`	$19.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$451.00M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.00M	USD	Annual
Share subscriptions	`ShareSubscriptionsValue`	$-4.00M	USD	Annual
Share subscriptions	`ShareSubscriptionsValue`	$52.00M	USD	2 Qtrs
Purchase of treasury shares, net	`TreasuryStockValueAcquiredCostMethod`	$330.00M	USD	2 Qtrs
Purchase of treasury shares, net	`TreasuryStockValueAcquiredCostMethod`	$319.00M	USD	Annual
Contributions	`StockIssuedDuringPeriodValueNewIssues`	$2.64B	USD	2 Qtrs
Contributions	`StockIssuedDuringPeriodValueNewIssues`	$138.00M	USD	Annual
Distributions	`DistributedEarnings`	$561.00M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.38B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.