Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 150

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 150
---
 $             382      $              282  

Cash flow provided by (used in) operating activities

Total cash flow provided by operating activities for the year ended December 31, 2024 was $3,281 million compared to $2,130 million provided for the year ended December 31, 2023. Net of non-cash working capital changes, the cash flow provided by operating activities was $3,776 million for the year ended December 31, 2024 compared to $1,914 million for the year ended December 31, 2023, primarily attributable to cash generated by our advanced energy storage operation, our residential mortgage insurer, our dealer software and technology services operation and our modular building leasing services.

Total cash flow provided by operating activities for the year ended December 31, 2023 was $2,130 million compared to $1,011 million provided for the year ended December 31, 2022. The cash flow provided by operating activities during the year ended December 31, 2023 was primarily attributable to the cash generated by our advanced energy storage operation, our dealer software and technology services operation, and our modular building leasing services.

Cash flow provided by (used in) financing activities

Total cash flow used in financing activities was $505 million for the year ended December 31, 2024, compared to $4,371 million cash flow used in financing activities for the year ended December 31, 2023. During the year ended December 31, 2024, our financing activities included distributions and capital paid to others who have interests in operating subsidiaries of $779 million, which was primarily related to dividend distributions from our residential mortgage insurer, distributions of proceeds from the sale of our road fuels operation and dividend distributions from our Australian asset manager and lender. Financing activities also included distributions to preferred security holders of $52 million, which was partially offset by net proceeds from corporate borrowings of $710 million related to recent acquisitions.

Total cash flow used in financing activities was $4,371 million for the year ended December 31, 2023, compared to $18,070 million cash flow provided by financing activities for the year ended December 31, 2022. During the year ended December 31, 2023, our financing activities included distributions and capital paid to others who have interests in operating subsidiaries of $4,428 million, which was primarily related to distributions of proceeds from the sale of our nuclear technology services operation and the sale of a non-core division in our