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CONSOLIDATED STATEMENTS OF OPERATING RESULTS - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Entity Information [Line Items] |  |  |  |
Revenues |  | $ 21,039 | $ 17,931 | $ 14,427
Direct operating costs |  | (15,676) | (13,470) | (10,510)
General and administrative expenses |  | (405) | (413) | (433)
Profit (loss) from operating activities |  | 4,958 | 4,048 | 3,484
Interest expense |  | (3,387) | (2,501) | (1,855)
Share of earnings from investments in associates and joint ventures |  | 439 | 459 | 12
Mark-to-market (losses) gains |  | (26) | (118) | 173
Other (expense) income |  | (31) | 141 | 121
Income before income tax |  | 1,953 | 2,029 | 1,935
Income tax expense |  |  |  |
Current |  | (594) | (576) | (474)
Deferred |  | 324 | (5) | (86)
Net income |  | 1,683 | 1,448 | 1,375
Attributable to: |  |  |  |
Limited partners |  | 57 | 102 | 101
General partner |  | 294 | 265 | 240
Non-controlling interest attributable to: |  |  |  |
Redeemable Partnership Units held by Brookfield |  | 23 | 42 | 42
BIPC exchangeable shares and class A.2 exchangeable shares |  | 16 | 21 | 24
Exchangeable units | [1] | 1 | 2 | 0
Interest of others in operating subsidiaries |  | $ 1,292 | $ 1,016 | $ 968
Basic and diluted income per unit attributable to: |  |  |  |
Limited partners, basic (in dollars per unit) |  | $ 0.04 | $ 0.14 | $ 0.14
Limited partners, diluted (in dollars per unit) |  | $ 0.04 | $ 0.14 | $ 0.14
[1] | Includes non-controlling interest attributable to Exchange LP Units and BIPC Exchangeable LP Units. Refer to Note 1, Organization and Description of the Business, for further details

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