Brookfield Business Partners L.P. (BBU) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Total Current Assets | 28.3B | 15.5B | 15.89B | 15.05B | 15.34B | 14.23B | 14.81B | 15.13B | 14.81B | 17.4B | 18.76B | 18.97B | 18.29B | 17.49B | 18.07B | 16.84B | 15.4B | 14.2B | 14.19B | 15.69B |
| Cash & Short-Term Investments | 16B | 4.28B | 4.17B | 4.23B | 4.03B | 3.71B | 3.25B | 3.77B | 4.04B | 3.61B | 4.55B | 4.5B | 4.44B | 4.84B | 4.91B | 4.59B | 4.39B | 4.19B | 4.11B | 3.94B |
| Cash Only | 3.54B | 3.57B | 3.33B | 3.44B | 3.24B | 3B | 2.96B | 3.15B | 3.42B | 2.96B | 3.2B | 3.19B | 3.08B | 3.38B | 3.56B | 3.33B | 2.81B | 2.61B | 2.51B | 2.64B |
| Short-Term Investments | 12.46B | 708.31M | 838M | 790M | 791M | 707M | 286M | 621M | 614.84M | 646M | 1.35B | 1.31B | 1.36B | 1.46B | 1.35B | 1.26B | 1.58B | 1.59B | 1.6B | 1.31B |
| Accounts Receivable | 7.71B | 7.13B | 6.3B | 4.66B | 4.01B | 5.74B | 5.9B | 6.1B | 5.77B | 6.91B | 6.52B | 7.04B | 6.65B | 5.86B | 6.09B | 5.78B | 5.15B | 4.77B | 4.75B | 5.02B |
| Days Sales Outstanding | 94.78 | 89.29 | 74.45 | 57.76 | 60.34 | 57.99 | 45.72 | 44.96 | 43.53 | 42.92 | 45.67 | 44.78 | 39.31 | 37.34 | 36.96 | 36.63 | 33.84 | 36.38 | 39.6 | 43.6 |
| Inventory | 4.59B | 2.77B | 2.87B | 2.74B | 2.42B | 2.73B | 3.89B | 3.48B | 3.85B | 4.46B | 5.5B | 5.2B | 5.65B | 5.36B | 5.92B | 5.05B | 4.98B | 4.39B | 4.47B | 3.58B |
| Days Inventory Outstanding | 59.25 | 45.78 | 46.71 | 42.95 | 39.4 | 43.1 | 30.7 | 30.64 | 31.29 | 35.22 | 39.49 | 39.17 | 38.22 | 38.29 | 36.49 | 35.86 | 34.69 | 36.55 | 34.73 | 38.91 |
| Other Current Assets | -1K | 1.32B | 1.72B | 2.63B | 4.13B | 1.11B | 719M | 787M | 1.15B | 1.3B | 2.19B | 2.24B | 1.54B | 1.43B | 1.16B | 1.42B | 879.81M | 846.75M | 849M | 2.48B |
| Total Non-Current Assets | 47.33B | 59.83B | 59.44B | 60.84B | 60.13B | 66.03B | 66.71B | 66.29B | 67.15B | 70.92B | 71.4B | 71.33B | 70.92B | 66.86B | 59.35B | 49.21B | 48.73B | 39.48B | 39.33B | 39.02B |
| Property, Plant & Equipment | 10.99B | 10.8B | 10.59B | 12.53B | 13.23B | 15.53B | 15.43B | 15.41B | 15.64B | 16.27B | 16.27B | 16.23B | 15.89B | 14.42B | 15.2B | 15.37B | 15.3B | 12.88B | 13.12B | 13.07B |
| Fixed Asset Turnover | 0.66x | 0.65x | 0.58x | 0.52x | 0.52x | 0.60x | 0.77x | 0.77x | 0.84x | 0.89x | 0.83x | 0.86x | 0.97x | 0.99x | 0.96x | 0.88x | 0.96x | 0.93x | 0.86x | 0.73x |
| Goodwill | 13.29B | 13.28B | 13.29B | 13.03B | 12.24B | 13.54B | 13.91B | 13.96B | 14.06B | 15.15B | 15.34B | 15.48B | 15.47B | 14.33B | 9.92B | 8.63B | 8.57B | 5.59B | 5.28B | 5.27B |
| Intangible Assets | 18.48B | 18.86B | 19.16B | 19.16B | 18.32B | 19.33B | 19.67B | 20.3B | 20.74B | 22.85B | 23.35B | 23.63B | 23.94B | 23.2B | 19.25B | 15.02B | 14.79B | 10.84B | 11.03B | 10.8B |
| Long-Term Investments | 2.49B | 13.98B | 7B | 6.96B | 7.03B | 7.43B | 7.36B | 6.98B | 15.12B | 6.87B | 14.58B | 14.14B | 13.86B | 13.06B | 13.22B | 8.73B | 8.7B | 8.83B | 8.8B | 6.79B |
| Other Non-Current Assets | 0 | 860.16M | 9.41B | 9.16B | 9.32B | 10.2B | 10.33B | 9.64B | 383.03M | 9.79B | 578.99M | 535.36M | 514.77M | 622.54M | 546.88M | 512.1M | 487.34M | 428.37M | 373M | 2.38B |
| Total Assets | 75.62B | 75.33B | 75.33B | 75.89B | 75.47B | 80.26B | 81.52B | 81.42B | 81.96B | 88.32B | 90.16B | 90.31B | 89.21B | 84.35B | 77.42B | 66.05B | 64.13B | 53.68B | 53.52B | 54.7B |
| Asset Turnover | 0.10x | 0.09x | 0.09x | 0.09x | 0.10x | 0.11x | 0.15x | 0.15x | 0.16x | 0.16x | 0.15x | 0.15x | 0.17x | 0.18x | 0.20x | 0.21x | 0.23x | 0.22x | 0.21x | 0.18x |
| Asset Growth % | 0.2% | -6.14% | -7.59% | -6.79% | -7.92% | -9.13% | -9.58% | -9.84% | -8.12% | 4.71% | 16.45% | 36.73% | 39.1% | 57.14% | 44.64% | 20.73% | 17.14% | 1.33% | 6.46% | 10.7% |
| Total Current Liabilities | 15.48B | 9.09B | 9.54B | 10.15B | 12.17B | 12.16B | 14.79B | 13.8B | 14.28B | 16.47B | 16.6B | 16.21B | 16.67B | 15.91B | 15.79B | 14.77B | 13.89B | 13.32B | 12.84B | 13.14B |
| Accounts Payable | 14.16B | 3.44B | 3.38B | 3.36B | 3.25B | 3.66B | 4.12B | 4.04B | 4.21B | 4.7B | 4.5B | 4.45B | 4.1B | 4.04B | 3.99B | 3.79B | 3.66B | 3.4B | 3.17B | 3.06B |
| Days Payables Outstanding | 141.9 | 55.43 | 56.1 | 55.05 | 52.88 | 50.61 | 33.99 | 34.53 | 33.58 | 32.52 | 33.04 | 30.86 | 28.26 | 27.26 | 25.87 | 26.63 | 26.12 | 27.09 | 26.88 | 30.23 |
| Short-Term Debt | 1.32B | 1.48B | 1.36B | 1.42B | 1.64B | 2.12B | 3.44B | 3.08B | 3.63B | 3.8B | 3.81B | 4.15B | 4.8B | 4.06B | 4.37B | 3.56B | 3.16B | 3.03B | 2.42B | 2.84B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 585.73M | 576.87M | 615.99M | 621.9M | 619.16M | 607.11M | 590M | 550M |
| Other Current Liabilities | 0 | 3.95B | 1.61B | 1.83B | 3.3B | 1.7B | 1.46B | 1.51B | 6.44B | 2.44B | 8.27B | 7.59B | 7.17B | 7.22B | 6.8B | 6.79B | 6.43B | 6.27B | 6.64B | 6.68B |
| Current Ratio | 1.83x | 1.71x | 1.67x | 1.48x | 1.26x | 1.17x | 1.00x | 1.10x | 1.04x | 1.06x | 1.13x | 1.17x | 1.10x | 1.10x | 1.14x | 1.14x | 1.11x | 1.07x | 1.11x | 1.19x |
| Quick Ratio | 1.53x | 1.40x | 1.36x | 1.21x | 1.06x | 0.95x | 0.74x | 0.84x | 0.77x | 0.79x | 0.80x | 0.85x | 0.76x | 0.76x | 0.77x | 0.80x | 0.75x | 0.74x | 0.76x | 0.92x |
| Cash Conversion Cycle | 12.14 | 79.65 | 65.06 | 45.66 | 46.86 | 50.49 | 42.43 | 41.06 | 41.24 | 45.61 | 52.12 | 53.08 | 49.27 | 48.37 | 47.59 | 45.86 | 42.42 | 45.84 | 47.45 | 52.28 |
| Total Non-Current Liabilities | 44.86B | 50.72B | 50.47B | 50.88B | 46B | 48.74B | 48.53B | 49.22B | 49.24B | 53.39B | 54.7B | 55.27B | 54.12B | 52.42B | 47.58B | 38.27B | 37.26B | 29.28B | 29.49B | 28.77B |
| Long-Term Debt | 42.35B | 42.6B | 42.25B | 41.93B | 37.25B | 39.45B | 39.16B | 39.33B | 39.29B | 42.7B | 43.83B | 43.95B | 42.92B | 41.31B | 37.43B | 27.97B | 26.98B | 20.02B | 20.49B | 20.06B |
| Capital Lease Obligations | 0 | 609.4M | 611M | 783M | 729M | 779M | 1.03B | 1.04B | 2.37B | 2.54B | 2.59B | 2.87B | 2.87B | 2.65B | 2.77B | 2.96B | 2.95B | 2.68B | 2.82B | 1.11B |
| Deferred Tax Liabilities | 2.51B | 2.58B | 0 | 0 | 0 | 0 | 0 | 0 | 3.21B | 0 | 3.55B | 3.77B | 3.7B | 3.59B | 2.77B | 2.52B | 2.5B | 1.51B | 1.59B | 1.57B |
| Other Non-Current Liabilities | 0 | 4.93B | 7.61B | 8.17B | 8.03B | 8.5B | 8.34B | 8.84B | 4.37B | 8.16B | 4.73B | 4.69B | 4.64B | 3.42B | 3.05B | 3.24B | 3.21B | 3.47B | 3.06B | 4.64B |
| Total Liabilities | 60.34B | 59.8B | 60.01B | 61.03B | 58.17B | 60.9B | 63.32B | 63.02B | 63.53B | 69.87B | 71.3B | 71.48B | 70.79B | 68.33B | 63.37B | 53.05B | 51.15B | 42.6B | 42.33B | 41.9B |
| Total Debt | 43.67B | 44.69B | 44.43B | 44.35B | 39.81B | 42.55B | 43.88B | 43.71B | 45.29B | 49.39B | 50.23B | 50.96B | 50.59B | 48.02B | 44.57B | 34.49B | 33.1B | 25.74B | 25.73B | 24.01B |
| Net Debt | 40.13B | 41.12B | 41.1B | 40.91B | 36.57B | 39.54B | 40.92B | 40.56B | 41.87B | 46.42B | 47.03B | 47.77B | 47.5B | 44.64B | 41.01B | 31.16B | 30.29B | 23.13B | 23.22B | 21.37B |
| Debt / Equity | 2.86x | 2.88x | 2.90x | 2.99x | 2.30x | 2.20x | 2.41x | 2.38x | 2.46x | 2.68x | 2.66x | 2.71x | 2.75x | 3.00x | 3.17x | 2.65x | 2.55x | 2.32x | 2.30x | 1.88x |
| Debt / EBITDA | 22.13x | 25.61x | 25.74x | 42.81x | 21.24x | 16.04x | 28.87x | 26.85x | 25.86x | 50.39x | 29.81x | 28.45x | 46.75x | 28.05x | 31.86x | 27.99x | 37.69x | 21.50x | 26.10x | 21.02x |
| Net Debt / EBITDA | 20.34x | 23.56x | 23.81x | 39.49x | 19.51x | 14.91x | 26.92x | 24.91x | 23.91x | 47.37x | 27.91x | 26.67x | 43.90x | 26.07x | 29.31x | 25.29x | 34.50x | 19.33x | 23.55x | 18.71x |
| Interest Coverage | 1.20x | 0.89x | 1.18x | 1.35x | 1.46x | 2.37x | - | - | 0.98x | 1.05x | 0.82x | 1.03x | 1.18x | 1.18x | - | 1.16x | - | - | - | 1.71x |
| Total Equity | 15.28B | 15.52B | 15.32B | 14.86B | 17.31B | 19.36B | 18.2B | 18.4B | 18.44B | 18.45B | 18.86B | 18.83B | 18.42B | 16.02B | 14.05B | 13B | 12.98B | 11.08B | 11.2B | 12.8B |
| Equity Growth % | -11.7% | -19.81% | -15.84% | -19.27% | -6.12% | 4.91% | -3.47% | -2.28% | 0.09% | 15.22% | 34.21% | 44.84% | 41.89% | 44.54% | 25.51% | 1.56% | 14.51% | 7.25% | 14.75% | 41.38% |
| Book Value per Share | 173.08 | 194.06 | 191.51 | 185.69 | 233.00 | 260.64 | 245.07 | 247.64 | 247.47 | 247.39 | 252.80 | 252.41 | 246.88 | 214.71 | 186.61 | 169.49 | 165.80 | 141.53 | 142.44 | 162.45 |
| Total Shareholders' Equity | 2.29B | 2.35B | 2.29B | 2.16B | 1.75B | 1.98B | 1.87B | 1.89B | 1.9B | 1.4B | 1.45B | 1.46B | 1.41B | 1.32B | 1.42B | 1.47B | 2.25B | 2.18B | 2.23B | 2.14B |
| Common Stock | 2.29B | 2.02B | 2.03B | 2.04B | 2.11B | 2.11B | 2.11B | 2.11B | 2.1B | 2.11B | 2.11B | 2.12B | 2.11B | 2.1B | 2.12B | 2.14B | 2.19B | 2.22B | 2.26B | 2.26B |
| Retained Earnings | 0 | 462.55M | 509M | 516M | 491M | 648M | 549M | 561M | 546.19M | 66M | 84.85M | 106.07M | 96.96M | 111.2M | 128.21M | 71.87M | 62.91M | 86.87M | 44M | 84M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -133.87M | -247M | -399M | -848M | -777M | -790M | -783M | -745.17M | -782M | -741.71M | -756.5M | -802.64M | -885.66M | -827.33M | -741.69M | -3M | -127.81M | -72M | -204M |
| Minority Interest | 12.99B | 13.17B | 13.03B | 12.7B | 15.56B | 17.38B | 16.34B | 16.51B | 16.54B | 17.06B | 17.41B | 17.36B | 17.01B | 14.69B | 12.63B | 11.53B | 10.73B | 8.9B | 8.97B | 10.66B |