Burger King Worldwide Inc (BKW) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

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 investments1,014905863787764654599
Cash and cash equivalents1,014905863787764654599
Receivables168180169180165172173
Inventory, net of allowances, customer advances and progress billings1111225
Inventory1111225
Prepaid expense505660345257 
Deferred costs9999999
Derivative instruments and hedges, assets35      
Prepaid expense and other current assets115
Assets held-for-sale 9 40
Income taxes receivable2625283228
Other current assets77     
Other undisclosed current assets802020383841(12)
Total current assets:1,3631,1781,1471,0741,067967958
Noncurrent Assets
Property, plant and equipment774786792802805818857
Long-term investments and receivables24024398102   
Long-term investments959198102   
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases145151     
Intangible assets, net (including goodwill)3,3063,4033,4183,4263,4263,3943,386
Goodwill613629630630627620613
Intangible assets, net (excluding goodwill)2,6932,7742,7882,7962,7992,7742,773
Derivative instruments and hedges4365118    
Deferred costs293133    
Other noncurrent assets215236297364307313 
Prepaid expense and other noncurrent assets195
Other undisclosed noncurrent assets(166)(187)(93)61167171176
Total noncurrent assets:4,4414,5774,6644,7544,7054,6964,614
TOTAL ASSETS:5,8035,7545,8115,8295,7715,6645,572
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities536218226244235221316
Accounts payable34244231264250
Accrued liabilities411156168177182160207
Employee-related liabilities26201631271921
Taxes payable28  50137
Interest and dividends payable3717     
Debt10094888175(58)52
Derivative instruments and hedges, liabilities186      
Deferred revenue and credits14151620232121
Other undisclosed current liabilities(231)214415118320
Total current liabilities:605347373346384367408
Noncurrent Liabilities
Long-term debt and lease obligation2,9172,9302,9422,9562,9692,9762,984
Long-term debt, excluding current maturities2,8502,8602,8702,8802,8912,8952,900
Capital lease obligations67707275798184
Liabilities, other than long-term debt1,0291,0931,0811,1191,1541,1261,105
Deferred revenue and credits161615    
Pension and other postretirement defined benefit plans, liabilities3637717374
Accounts payable and accrued liabilities8080     
Accrued income taxes3232303029
Deferred compensation liability, classified   6577
Deferred tax liabilities, net631638663693665661633
Postemployment benefits liability7888
Liability, pension and other postretirement and postemployment benefits3335 
Other liabilities269301309318355343354
Derivative instruments and hedges, liabilities 242626204 
Other undisclosed noncurrent liabilities(129)(154)(110)(108)(135)(122)(118)
Total noncurrent liabilities:3,8173,8693,9143,9663,9893,9813,972
Total liabilities:4,4224,2174,2874,3124,3734,3484,379
Stockholders' equity
Stockholders' equity attributable to parent1,3811,5381,5241,5161,3991,3161,193
Common stock4444444
Treasury stock, value(7)(7)(7)(7)   
Additional paid in capital1,2531,2491,2461,2401,2231,2201,212
Accumulated other comprehensive income (loss)(128)(19)2055(11)(44)(117)
Retained earnings26031226122618313694
Total stockholders' equity:1,3811,5381,5241,5161,3991,3161,193
TOTAL LIABILITIES AND EQUITY:5,8035,7545,8115,8295,7715,6645,572

Income statement (P&L) ($ in millions)

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
Revenues279261241265275278328
Revenue, net256193179230254271270
Cost of revenue(183)(51)(42)(52)(52)(67)(137)
Cost of goods and services sold(17)(16)(16)(18)(23)(47)(108)
Other undisclosed gross profit   (91)   
Gross profit:96211199122224211191
Operating expenses(95)(59)(68)(72)(78)(78)(88)
Other operating expense, net(142)(11)(9)(13)(7)(0)(14)
Other undisclosed operating income1421191047014
Operating income:1152131141146133102
Nonoperating income (expense)17(0)(3)(4)(0)(1)(3)
Investment income, nonoperating(2)(3)(2)(3)01 
Foreign currency transaction gain (loss), before tax193(0)(1)(1)(2)(3)
Interest and debt expense(2)(2)(50)(51)(50)(50)(49)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(67)(49)34013
Income (loss) from continuing operations before equity method investments, income taxes:(50)1018190958353
Income (loss) from equity method investments4(6)(4)(3)(3)(2)(5)
Income (loss) from continuing operations before income taxes:(46)957787928248
Income tax expense (benefit)27(26)(21)(24)(27)(20)(18)
Net income (loss):(19)695664656131
Other undisclosed net income (loss) attributable to parent(4)643325
Net income (loss) available to common stockholders, diluted:(24)756067686336

Comprehensive Income ($ in millions)

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):(19)695664656131
Other comprehensive income (loss)(109)(40)(34)663373(7)
Comprehensive income (loss):(128)30221309813524
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)643325
Comprehensive income (loss), net of tax, attributable to parent:(132)352613310113629

Statements sources

The financial statements are based on the company's filings with the 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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