Business Context and Reporting Period
Company: Brookfield Asset Management Inc.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: First Quarter of 2012 (ended March 31, 2012)
Filing Date: May 10, 2012
This filing incorporates by reference a press release and a letter to shareholders regarding the company's financial results for the first quarter of 2012.
Key Financial Metrics
- Funds from Operations (FFO): $283 million for the first quarter of 2012.
- Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The provided filing text does not provide clear values for these specific metrics beyond the reported Funds from Operations.
Material Changes
The filing text does not provide specific comparative data or percentage changes versus the prior comparable period. It only states that the company reported "strong" Funds from Operations.
Guidance, Outlook, and Management Commentary
- Management Commentary: Management characterized the first-quarter Funds from Operations of $283 million as "strong."
- Guidance and Outlook: The provided text does not contain specific forward-looking guidance or detailed outlook statements.
- Risks and Contingencies: No specific risks or contingencies are detailed in the provided text.
Investor Verification Checklist
- Verify the full definition and calculation methodology of "Funds from Operations" used by Brookfield Asset Management Inc. in the full press release (Exhibit 99.1).
- Review the complete "Letter to Shareholders" (Exhibit 99.2) for detailed management commentary on the "strong" performance.
- Obtain the full financial statements to analyze revenue, net income, debt levels, and liquidity ratios, as these are not present in the summary text.
- Compare the $283 million FFO figure against the first quarter of 2011 to determine year-over-year growth trends.