Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 151

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 151
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 dealer software and technology services operation, combined with distributions of proceeds from the syndication of investments to institutional investors. Financing activities also included net repayment of corporate borrowings of $660 million, net repayments on non-recourse borrowings of $237 million, which comprised primarily repayments at our advanced energy storage operation partially offset by borrowings at our Australian residential mortgage lender and our modular building leasing services, and distributions and capital paid to preferred security holders of $837 million. This was partially offset by capital provided by others who have interests in operating subsidiaries of $2,093 million for the year ended December 31, 2023, which was primarily related to capital contributions from institutional investors used to repay short-term financing arrangements of Brookfield-sponsored private equity funds.

  Brookfield Business Partners      99  

Cash flow provided by (used in) investing activities

Total cash flow used in investing activities was $2,327 million for the year ended December 31, 2024, compared to $2,537 million provided for the year ended December 31, 2023. Cash flows used in investing activities were driven by capital expenditures for property, plant and equipment and intangible assets of $2,520 million primarily at our offshore oil services, which is contractually reimbursed by our customer, our advanced energy storage operation and our modular building leasing services. This was partially offset by proceeds received from the disposition of our road fuels operation and our Canadian aggregates production operation, combined with net proceeds received from the disposition of financial assets at our residential mortgage insurer in Canada.

Total cash flow provided by investing activities was $2,537 million for the year ended December 31, 2023, compared to $18,721 million used for the year ended December 31, 2022. Our cash flows provided by investing activities were primarily related to dispositions completed during the period including net proceeds from the sale of our nuclear technology services operation and the sale of a non-core division in our dealer software and technology services operation. The cash provided by investing activities was partially offset by cash outflows related to the completion of an add-on acquisition in our modular building leasing services in January 2023, and capital expenditures of property, plant and equipment and intangible assets primarily within our industrials and infrastructure services segments.

Market Risk

Market risk is defined for these purposes as the risk that the fair value or future cash flows of a financial instrument held by the partnership will fluctuate because of changes in market factors. Market risk includes the risk of changes in interest rates,