Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 141

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 141
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 following:                                                                                                                                                           
  Depreciation and amortization expense                                               684                                     1,220                         1,319                   3,223  
  Impairment reversal (expense), net                                                   76      125                                       (210)                         (9)                 
  Gain (loss) on acquisitions/dispositions, net                                       (9)      —                                         (19)                          (28)                
  Other income (expense), net (1)                                                     177      243                                       226                           658                 
  Income tax (expense) recovery                                                        65      (391)                                     87                            (319)               
  Equity accounted income (loss)                                                     (36)      (47)                                      (82)                          (165)               
  Interest income (expense), net                                                      549      782                                                          1,136                   2,538  
  Equity accounted Adjusted EBITDA (2)                                                 51      139                                       89                            279                 
  Amounts attributable to non-controlling interests (3)                                                                     (1,159)                       (1,844)                 (4,163)  
  Adjusted EBITDA                                                                       $      $                                872      $                    879      $            2,254  

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(1) Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $251 million of net revaluation losses, $296 million of business separation expenses, stand-up costs and restructuring charges, $146 million in transaction costs, $36 million of net gains on the sale of property, plant and equipment and $1 million of other expense.

(2) Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by our investments in associates and joint ventures accounted for using the equity method.

(3) Amounts attributable to non-controlling interests are calculated based on the economic ownership interests held by the non-controlling interests in consolidated subsidiaries.

Discussion of reconciling items

2024 vs. 2023

Depreciation and amortization expense includes depreciation of PP& E, amortization of intangible assets and depletion related to our energy assets. The depreciation and amortization expense in our infrastructure services segment is mainly due to the amortization of intangibles at our modular building leasing services and our lottery services operation and the depreciation of vessels at our offshore oil services