Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 149

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 149
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 Board of Directors declared a quarterly distribution in the amount of $0.0625 per unit payable on March 31, 2025 to Unitholders of record as at the close of business on February 28, 2025.

  98      Brookfield Business Partners  

In order to account for the dilutive effect of the special distribution which occurred on March 15, 2022, the incentive distribution threshold was reduced by one-third, commensurate with the distribution ratio of one (1) BBUC exchangeable share for every two (2) LP Units. Accordingly, the resulting incentive distribution threshold was $31.53 as at December 31, 2024. During the year ended December 31, 2024, the total incentive distribution was $nil (2023: $nil).

Cash Flow

We believe that we have sufficient liquidity and access to capital resources and will continue to use our available liquidity and capital resources to fund our operations and to finance anticipated acquisitions and other material cash requirements. Our future capital resources include cash flow from operations, borrowings, proceeds from asset monetizations and proceeds from potential future equity issuances, if any.

As at December 31, 2024, we had cash and cash equivalents of $3,239 million, compared to $3,252 million as at December 31, 2023 and $2,870 million as at December 31, 2022. The net cash flows for the years ended December 31, 2024, 2023 and 2022 were as follows:

                                                                 Year ended December 31,                                                              
  (US$ MILLIONS)                                                 2024                                      2023                   2022                
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash flow provided by (used in) operating activities           $                              3,281      $           2,130      $            1,011  
  Cash flow provided by (used in) financing activities           (505)                                               (4,371)                  18,070  
  Cash flow provided by (used in) investing activities                                        (2,327)                  2,537                (18,721)  
  Impact of foreign exchange on cash                             (323)                                     86                     (78)                
  Net change in cash classified within assets held for sale      (139)                                     —                      —                   
  Change in cash and cash equivalents                            $                               (13)