Brookfield Business Partners L.P. (BBU) quarterly cash flow statement — complete operating, investing & financing 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 |
|---|
| Cash from Operations | 632M | 1.3B | 474.46M | 812.54M | 918.22M | 1.95B | 84.42M | 344M | 457.58M | 1.14B | 404.87M | 153M | 60M | 661.61M | 491M | -267M | 243M | 632M | 703M | 115M |
| Operating CF Margin % | 8.77% | 18.79% | 7.09% | 12.04% | 12.36% | 21.11% | 0.71% | 2.86% | 3.41% | 7.95% | 3% | 1.11% | 0.41% | 4.5% | 3.36% | -1.99% | 1.8% | 5.25% | 6.26% | 1.17% |
| Operating CF Growth % | -31.17% | -33.29% | 462.05% | 136.2% | 100.67% | 70.34% | -79.15% | 124.84% | 662.63% | 72.91% | -17.54% | 157.3% | -75.31% | 4.68% | -30.16% | -332.17% | -78.51% | -43.17% | -49.28% | -80.03% |
| Net Income | 118M | -122M | 11.18M | 29.91M | -145.77M | 103.83M | -7M | 203M | 501.49M | 49M | -16.21M | 203M | 86M | -13.21M | 280M | 19M | 115M | 300M | -29M | 1.77B |
| Depreciation & Amortization | 761M | 772M | 779.64M | 727.79M | 757.02M | 814.5M | 808.83M | 808M | 915.63M | 894M | 918.97M | 900M | 852M | 859.82M | 776M | 702M | 632M | 556M | 553M | 542M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -79M | -163M | -187.31M | -63.81M | -24.94M | -593.14M | -240.86M | -105M | -263.46M | -294M | -215.11M | -68M | -164M | -151.29M | -387M | -30M | -125M | -131M | -81M | -34M |
| Other Non-Cash Items | 222M | 501M | -168.76M | 66.8M | 278.82M | 1.33B | 20.46M | -204M | -791.79M | -102M | -304.87M | -395M | -55M | 103.62M | 148M | 109M | 322M | 63M | 146M | -1.76B |
| Working Capital Changes | -390M | 312M | 39.71M | 51.84M | 53.09M | 297.12M | -497.02M | -358M | 95.71M | 597M | 22.09M | -487M | -659M | -137.33M | -326M | -1.07B | -701M | -156M | 114M | -399M |
| Change in Receivables | -508M | -562M | 167.03M | 53.84M | 176.26M | -787.82M | -362.21M | -636M | -409.69M | -399M | -155.95M | -448M | -71M | -199.08M | 0 | -759M | -107M | -176M | 15M | -416M |
| Change in Inventory | 92M | 206M | -154.4M | -180.45M | 113.98M | 191.54M | -330.09M | 14M | 334.55M | 193M | 285.11M | 75M | 224M | 32.02M | -385M | -498M | 47M | -202M | -221M | -118M |
| Change in Payables | 33M | 712M | 135.29M | 242.27M | -382.81M | 876.04M | 337.57M | 274M | 134.11M | 958M | 405.21M | 27M | -841M | 24.21M | 225M | 249M | -702M | 149M | 352M | 228M |
| Cash from Investing | -843M | -401M | 233.9M | -1.45B | -474.62M | -873.41M | -441.04M | -581M | 1.63B | -546M | 1.03B | -151M | -2.01B | -4.6B | -8.29B | -926M | -8.36B | -713M | 1.27B | -1.13B |
| Capital Expenditures | -554M | -537M | -474.79M | -492.51M | -578.68M | -687.68M | -656.1M | -611M | -649.35M | -680M | -532.55M | -451M | -523M | -392.16M | -387M | -404M | -353M | -541M | -230M | -326M |
| CapEx % of Revenue | 7.69% | 7.76% | 7.09% | 7.3% | 7.79% | 7.45% | 5.49% | 5.09% | 4.84% | 4.72% | 3.94% | 3.28% | 3.57% | 2.67% | 2.65% | 3.01% | 2.62% | 4.49% | 2.05% | 3.32% |
| Acquisitions | -270M | 188M | 773.31M | -1.07B | 18.44M | 182.6M | 157.71M | -7M | 2.04B | -407M | 1.62B | -118M | -1.3B | -5.16B | -7.63B | -153M | -8.46B | -240M | 291M | 137M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 36M | -10M | 21.99M | 22.93M | -20.53M | -129.3M | 82.99M | -67M | 40.43M | 24M | -74.6M | 116M | 234M | 915.42M | -14M | -815M | 80M | 182M | 1.35B | -913M |
| Cash from Financing | 283M | -744M | -943.66M | 754.71M | 82.75M | -1.04B | 260.98M | 201M | -1.92B | -593M | -1.47B | 149M | 1.69B | 4.62B | 8.02B | 840M | 8.3B | 420M | -2.6B | 943M |
| Debt Issued (Net) | 425M | -471.88M | 124.35M | 3.69B | 36.89M | -515.54M | 599.04M | 290M | -604.98M | -513M | -330.26M | 346M | 657M | 4.88B | 6.64B | 1.06B | 6.87B | 397M | -833M | 373M |
| Equity Issued (Net) | 0 | -4.82M | -759.88M | 566.28M | 108.6M | 0 | 0 | 0 | 1.26B | -1M | 0 | 0 | 0 | 683.52M | -34M | -44M | -35M | -31M | -3M | -14M |
| Dividends Paid | -27M | -25M | -14.04M | -12.96M | -12.62M | -14.44M | -13.23M | -13M | -14.8M | -36M | -13.76M | -26M | -23M | -11.42M | -23M | -5M | -10M | -9M | -9M | -9M |
| Share Repurchases | 0 | -4.82M | -54.84M | -100.69M | -49.97M | 0 | 0 | 0 | -847.85M | -1M | 0 | 0 | 0 | 0 | -34M | -44M | -35M | -31M | -3M | -14M |
| Other Financing | -115M | -242.31M | -294.09M | -3.49B | -50.11M | -513.57M | -324.84M | -76M | -2.56B | -43M | -1.13B | -171M | 1.06B | -938.81M | 1.43B | -172M | 1.47B | 63M | -1.76B | 593M |
| Net Change in Cash | 46M | 171M | -101.6M | 111.2M | 164.1M | 96.34M | -259.95M | -104M | 285.51M | -59M | 12.3M | 175M | -186M | -176.96M | 122M | -311M | 217M | 295M | -561M | -106M |
| Free Cash Flow | 78M | 763M | -330.88K | 320.03M | 339.54M | 1.26B | -571.68M | -267M | -191.77M | 464M | -127.69M | -298M | -463M | 269.44M | 104M | -671M | -110M | 91M | 473M | -211M |
| FCF Margin % | 1.08% | 11.03% | -0% | 4.74% | 4.57% | 13.66% | -4.79% | -2.22% | -1.43% | 3.22% | -0.95% | -2.17% | -3.16% | 1.83% | 0.71% | -5% | -0.82% | 0.76% | 4.21% | -2.15% |
| FCF Growth % | -77.03% | -39.49% | 99.94% | 219.86% | 277.05% | 171.77% | -347.72% | 10.4% | 58.58% | 72.21% | -222.78% | 55.59% | -320.91% | 196.09% | -78.01% | -218.01% | -113.89% | -87.31% | -59.26% | -262.31% |
| FCF per Share | 0.88 | 9.54 | -0.00 | 4.00 | 4.57 | 16.98 | -7.70 | -3.59 | -2.57 | 6.22 | -1.71 | -3.99 | -6.21 | 3.61 | 1.38 | -8.75 | -1.40 | 1.16 | 6.02 | -2.68 |
| FCF Conversion (FCF/Net Income) | -14.82x | -52.00x | 43.13x | 18.90x | -6.70x | 16.80x | 14.07x | 11.47x | 0.91x | 163.43x | -25.30x | 6.12x | -12.00x | -47.26x | 10.45x | -33.38x | -12.79x | 13.74x | -14.06x | 0.41x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 609M | 0 | 0 | 0 | 461M | 0 | 0 | 432M | 215M | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 277M | 0 | 0 | 0 | 81M | 0 | 0 | 89M | 45M | 0 | 0 | 0 | 0 |