Burger King Worldwide Inc (BKW) Financial Statements (2024 and earlier)

Company Profile

Business Address 5505 BLUE LAGOON DRIVE
MIAMI, FL 33133
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5812 - Eating Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments904,700863,100786,900764,300654,100598,800
Cash and cash equivalents904,700863,100786,900764,300654,100598,800
Receivables180,100168,500179,700164,600171,700173,400
Inventory, net of allowances, customer advances and progress billings7007001,2001,7001,8005,300
Inventory7007001,2001,7001,8005,300
Prepaid expense55,90059,80034,20051,60057,300 
Deferred costs9,1009,1009,1009,0009,0009,000
Derivative instruments and hedges, assets      
Other current assets7,000     
Prepaid expense and other current assets115,300
Assets held-for-sale 9,300 40,300
Income taxes receivable25,90025,30028,00032,20028,000
Other undisclosed current assets20,00019,90038,00038,00041,100(11,700)
Total current assets:1,177,5001,147,0001,074,4001,066,500967,200958,400
Noncurrent Assets
Property, plant and equipment786,100792,100801,500804,600818,100856,500
Long-term investments and receivables242,80098,000102,000   
Long-term investments91,40098,000102,000   
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases151,400     
Intangible assets, net (including goodwill)3,402,7003,418,0003,426,0003,425,8003,393,8003,386,400
Goodwill629,000630,200630,000626,500619,500613,200
Intangible assets, net (excluding goodwill)2,773,7002,787,8002,796,0002,799,3002,774,3002,773,200
Derivative instruments and hedges64,900118,300    
Deferred costs31,00033,300    
Other noncurrent assets236,400297,200363,500306,900313,000 
Prepaid expense and other noncurrent assets194,700
Other undisclosed noncurrent assets(187,300)(93,200)61,100167,400171,400176,300
Total noncurrent assets:4,576,6004,663,7004,754,1004,704,7004,696,3004,613,900
TOTAL ASSETS:5,754,1005,810,7005,828,5005,771,2005,663,5005,572,300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities217,800225,700244,200234,800221,300315,900
Interest and dividends payable16,900     
Taxes payable  5,2002001,40037,100
Employee-related liabilities20,40015,90030,90026,80018,90021,000
Accounts payable24,10041,70031,10025,80041,50050,400
Accrued liabilities156,400168,100177,000182,000159,500207,400
Debt94,10087,60081,40075,000(58,000)51,500
Derivative instruments and hedges, liabilities      
Deferred revenue and credits14,70016,30019,50023,10020,90020,500
Other undisclosed current liabilities20,80043,60090051,100183,10019,600
Total current liabilities:347,400373,200346,000384,000367,300407,500
Noncurrent Liabilities
Long-term debt and lease obligation2,930,0002,942,0002,955,6002,969,3002,976,1002,984,400
Long-term debt, excluding current maturities2,860,0002,869,9002,880,2002,890,8002,895,3002,900,000
Capital lease obligations70,00072,10075,40078,50080,80084,400
Liabilities, other than long-term debt1,093,4001,081,4001,119,0001,154,1001,126,1001,105,000
Deferred revenue and credits16,00015,400    
Pension and other postretirement defined benefit plans, liabilities36,30037,40071,30073,10074,000
Accounts payable and accrued liabilities79,600     
Accrued income taxes31,80031,60030,40029,70029,100
Deferred compensation liability, classified   6,0005,4007,1006,700
Deferred tax liabilities, net638,400662,800692,800664,500661,300633,400
Postemployment benefits liability7,4008,0008,0008,000
Liability, pension and other postretirement and postemployment benefits34,600 
Other liabilities300,800308,900317,900354,800343,200353,800
Derivative instruments and hedges, liabilities 24,00026,20025,90019,7003,700 
Other undisclosed noncurrent liabilities(154,200)(109,700)(108,300)(134,800)(121,600)(117,800)
Total noncurrent liabilities:3,869,2003,913,7003,966,3003,988,6003,980,6003,971,600
Total liabilities:4,216,6004,286,9004,312,3004,372,6004,347,9004,379,100
Equity
Equity, attributable to parent1,537,5001,523,8001,516,2001,398,6001,315,6001,193,200
Common stock3,5003,5003,5003,5003,5003,500
Treasury stock, value(7,300)(7,300)(7,300)   
Additional paid in capital1,249,0001,246,0001,239,9001,223,0001,219,8001,212,400
Accumulated other comprehensive income (loss)(19,400)20,30054,600(11,200)(43,900)(117,100)
Retained earnings311,700261,300225,500183,300136,20094,400
Total equity:1,537,5001,523,8001,516,2001,398,6001,315,6001,193,200
TOTAL LIABILITIES AND EQUITY:5,754,1005,810,7005,828,5005,771,2005,663,5005,572,300

Income Statement (P&L) ($ in thousands)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Revenues261,200240,900265,200275,100278,300327,700
Revenue, net192,600178,800229,700253,600271,300270,000
Cost of revenue(50,700)(41,500)(52,200)(51,500)(67,300)(136,900)
Cost of goods and services sold(15,700)(15,500)(17,700)(22,900)(46,600)(108,100)
Other undisclosed gross profit   (91,000)   
Gross profit:210,500199,400122,000223,600211,000190,800
Operating expenses(59,000)(68,100)(71,900)(78,100)(77,800)(88,400)
Other operating expense, net(11,300)(8,500)(12,900)(6,600)(300)(14,200)
Other undisclosed operating income11,3008,500103,9006,60030014,200
Operating income:151,500131,300141,100145,500133,200102,400
Nonoperating income (expense)(300)(2,800)(4,400)(400)(1,100)(3,300)
Investment income, nonoperating(3,200)(2,400)(3,100)1001,200 
Gain (loss), foreign currency transaction, before tax2,900(400)(1,300)(500)(2,300)(3,300)
Interest and debt expense(1,700)(50,000)(50,700)(50,200)(50,000)(49,100)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(48,600)2,8004,4004001,1003,300
Income (loss) from continuing operations before equity method investments, income taxes:100,90081,30090,40095,30083,20053,300
Income (loss) from equity method investments(5,900)(4,000)(3,000)(2,900)(1,600)(5,200)
Income (loss) from continuing operations before income taxes:95,00077,30087,40092,40081,60048,100
Income tax expense (benefit)(25,800)(20,900)(23,600)(27,100)(20,300)(17,500)
Income (loss) from continuing operations:69,20056,40063,80065,30061,30030,600
Income (loss) before gain (loss) on sale of properties:69,20056,40063,80065,30061,30030,600
Net income (loss):69,20056,40063,80065,30061,30030,600
Other undisclosed net income (loss) attributable to parent5,9004,0003,0002,9001,6005,200
Net income (loss) available to common stockholders, diluted:75,10060,40066,80068,20062,90035,800

Comprehensive Income ($ in thousands)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Net income (loss):69,20056,40063,80065,30061,30030,600
Other comprehensive income (loss)(39,700)(34,300)65,80032,70073,200(6,800)
Comprehensive income (loss):29,50022,100129,60098,000134,50023,800
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5,9004,0003,0002,9001,6005,200
Comprehensive income (loss), net of tax, attributable to parent:35,40026,100132,600100,900136,10029,000

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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