Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 124

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 124
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 the consolidated statement of cash flows.

Deferred income tax assets

Deferred income tax assets increased by $524 million to $1,744 million as at December 31, 2024, compared to $1,220 million as at December 31, 2023. The increase was primarily due to the recognition of tax benefits at our advanced energy storage operation and deferred tax assets at our construction operation, partially offset by a derecognition of deferred tax assets at our healthcare services.

  82      Brookfield Business Partners  

Equity accounted investments

Equity accounted investments increased by $171 million to $2,325 million as at December 31, 2024, compared to $2,154 million as at December 31, 2023. The increase was primarily due to the acquisition of Network in September 2024 which was subsequently combined with our payment processing services operation, resulting in the recognition of our ownership interest in the combined business as an equity accounted investment.

Goodwill

Goodwill decreased by $1,890 million to $12,239 million as at December 31, 2024, compared to $14,129 million as at December 31, 2023. The decrease was primarily due to an impairment expense of $661 million related to our healthcare services due to revised expectations of cash flows as a result of updated estimates for hospital admissions, revenue rates and operating costs, combined with the deconsolidation of our payment processing services operation and the disposition of our road fuels operation.

Accounts payable and other

Accounts payable and other decreased by $1,687 million to $16,691 million as at December 31, 2024, compared to $18,378 million as at December 31, 2023. The decrease was primarily due to the disposition of our road fuels operation and deconsolidation of our payment processing services operation. The decrease was partially offset by higher deferred revenues within our offshore oil services.

Corporate and non-recourse borrowings

Borrowings are discussed in Item 5. B, “ Liquidity and Capital Resources” below.

Deferred income tax liabilities

Deferred income tax liabilities decreased by $613 million to $2,613 million as at December 31, 2024, compared to $3,226 million as at December 31, 2023. The decrease was primarily due to reductions to the deferred tax liabilities as a result of amortization of intangible assets within our dealer software and technology services operation, advanced energy storage operation and our engineered components manufacturing operation, combined