Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 140

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 140
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)      (50)                        (4,686)  
  Other income (expense), net (1)                            (138)                                          (90)                                      396              178                 
  Income tax (expense) recovery                              245                                            (6)                                       (218)            (55)                
  Equity accounted income (loss)                             (25)                                           (51)                                      (56)             (132)               
  Interest income (expense), net                                                                 1,031                                     1,051                                    3,596  
  Equity accounted Adjusted EBITDA (2)                       61                                             183                                       63               307                 
  Amounts attributable to non-controlling interests (3)                                        (1,857)                                   (1,095)                                  (4,917)  
  Adjusted EBITDA                                            $                                     900      $                                853      $                $            2,491  

____________________________________

(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 $247 million loss related to a fair value adjustment as a result of the reclassification of our graphite electrode operation as a financial asset, $93 million of net revaluation gains, $246 million of business separation expenses, stand-up costs and restructuring charges, $116 million in transaction costs, $446 million of net gains on debt modification and extinguishment, and $108 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.

  Brookfield Business Partners      93  

The following table reconciles Adjusted EBITDA to net income (loss) for the year ended December 31, 2022.

                                                             Year ended December 31, 2022                                                                                                  
  (US$ MILLIONS)                                                        Business services      Infrastructure services                   Industrials                   Total               
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net income (loss)                                                                     $      $                               (40)      $                    177      $              240  
  Add or subtract the