Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 139

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 139
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                                                 79      168                          61                            —                        308                 
  Amounts attributable to non-controlling interests (3)                                        (808)                                         (3,084)      —                                   (5,417)  
  Adjusted EBITDA                                                                       $      $                            $                  1,247      $                        $            2,565  

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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 $407 million related to a provision for payment of a litigation settlement at our dealer software and technology services operation, $251 million related to provisions recorded at our construction operation, $168 million of net revaluation gains, $158 million of business separation expenses, stand-up costs and restructuring charges, $108 million of net gains on the sale of property, plant and equipment and other assets, $52 million of net gains on debt modification and extinguishment, $50 million of other income related to a distribution at our entertainment operation, $35 million in transaction costs, and $100 million of other expenses.

(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.

  92      Brookfield Business Partners  

The following table reconciles Adjusted EBITDA to net income (loss) for the year ended December 31, 2023.

                                                             Year ended December 31, 2023                                                                                                  
  (US$ MILLIONS)                                             Business services                              Infrastructure services                   Industrials      Total               
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net income (loss)                                          $                                     602      $                              3,616      $                $            3,777  
  Add or subtract the following:                                                                                                                                                           
  Depreciation and amortization expense                                                          1,045                                     1,174                                    3,592  
  Impairment reversal (expense), net                         656                                            (13)                                      188              831                 
  Gain (loss) on acquisitions/dispositions, net              (720)                                                                       (3,916