GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brookfield Business Corp (TSX:BBUC) » Definitions » Net Income

Brookfield Business (TSX:BBUC) Net Income : C$692 Mil (TTM As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Brookfield Business Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Brookfield Business's Net Income for the three months ended in Dec. 2023 was C$609 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was C$692 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Brookfield Business's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was C$8.35.


Brookfield Business Net Income Historical Data

The historical data trend for Brookfield Business's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Brookfield Business Net Income Chart

Brookfield Business Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial -168.56 -210.07 46.08 1,237.59 696.29

Brookfield Business Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 263.55 -191.56 143.49 131.25 609.09

Brookfield Business Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Brookfield Business's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-1222.198+-96.595+5114.179+-3099.096
=696

Brookfield Business's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-1271.837+-20.124+5212.116+-3311.069
=609

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$692 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Brookfield Business  (TSX:BBUC) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Brookfield Business's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Brookfield Business Net Income Related Terms

Thank you for viewing the detailed overview of Brookfield Business's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Brookfield Business (TSX:BBUC) Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 1500, P.O. Box 11117, Vancouver, BC, CAN, V6E 4N7
Brookfield Business Corp is a company established as a vehicle that owns and operates certain services and industrial operations on a global basis and an alternative vehicle for investors who prefer investing in its operations through a corporate structure. Its goal is to generate returns through long-term capital appreciation with a modest distribution yield.

Brookfield Business (TSX:BBUC) Headlines

From GuruFocus

Partners Group Holding AG Buys 3, Sells 2 in 2nd Quarter

By GuruFocus Research GuruFocus Editor 08-12-2022

Brookfield Business Corporation Completes 2022 Annual Filings

By sperokesalga sperokesalga 03-17-2023

Top 5 2nd Quarter Trades of BROOKFIELD ASSET MANAGEMENT INC.

By GuruFocus Research GuruFocus Editor 08-16-2022

Brookfield Business Corporation Completes 2022 Annual Filings

By GlobeNewswire GlobeNewswire 03-17-2023

Brookfield Business Corporation Completes 2021 Annual Filings

By GuruFocusNews GuruFocusNews 03-30-2022

Brookfield Business Corporation Completes 2021 Annual Filings

By GlobeNewswire GlobeNewswire 03-30-2022