Restaurant Brands International Inc. (QSR) Financial Statements (2024 and earlier)

Company Profile

Business Address 130 KING STREET WEST
TORONTO, ON M5X 1E1
State of Incorp.
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 millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments     9131,073
Cash and cash equivalents     9131,073
Restricted cash and investments      83
Receivables614547536527452456
Inventory, net of allowances, customer advances and progress billings1339696847578
Inventory1339696847578
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases1617
Other undisclosed current assets1,3011,1731,6321,5854442
Total current assets:2,0481,8162,2642,1961,5001,750
Noncurrent Assets
Operating lease, right-of-use asset1,0821,1301,1521,176
Net investment in lease, before allowance for credit loss 828066 
Property, plant and equipment 1,4001,510 2,0071,9962,133
Long-term investments and receivables167194  5471
Long-term investments167194    
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases5471
Intangible assets, net (including goodwill)16,67917,42316,44016,21415,94916,845
Goodwill5,6886,0065,7395,6515,4865,782
Intangible assets, net (excluding goodwill)10,99111,41710,70110,56310,46311,062
Other noncurrent assets905762824719642425
Other undisclosed noncurrent assets3833312,03148  
Total noncurrent assets:20,69821,43020,51320,16418,64119,474
TOTAL ASSETS:22,74623,24622,77722,36020,14121,224
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7591,5611,2991,4341,3171,466
Accounts payable758614464644513413
Accrued liabilities1,0019478357908041,053
Debt127961111019178
Other undisclosed current liabilities230221191168 111
Total current liabilities:2,1161,8781,6011,7031,4081,655
Noncurrent Liabilities
Long-term debt and lease obligation13,15014,31913,79413,13612,04912,045
Long-term debt, excluding current maturities12,83912,91612,39711,75911,82311,801
Capital lease obligations226244
Finance lease, liability311333315288
Liabilities, other than long-term debt3,2123,1963,6613,2621,5472,963
Deferred tax liabilities, net 1,508
Deferred income tax liabilities1,3131,3741,4251,564
Other liabilities8721,8222,2361,6981,5471,455
Operating lease, liability1,0271,0701,0821,089
Other undisclosed noncurrent liabilities     1,519 
Total noncurrent liabilities:16,36217,51517,45516,39815,11515,008
Total liabilities:18,47819,39319,05618,10116,52316,663
Equity
Equity, attributable to parent2,4992,2372,1672,4901,6112,226
Common stock2,0572,1562,3992,4781,7372,052
Accumulated other comprehensive loss(679)(710)(854)(763)(800)(476)
Retained earnings1,121791622775674651
Equity, attributable to noncontrolling interest1,7691,6161,5541,7692,0072,334
Total equity:4,2683,8533,7214,2593,6184,561
TOTAL LIABILITIES AND EQUITY:22,74623,24622,77722,36020,14121,224

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,5055,7394,9685,6035,3574,576
Revenue, net4,371
Cost of revenue(3,976)(2,390)(2,282)(2,332)(2,226)(2,425)
Cost of goods and services sold(2,312)(1,890)(1,610)(1,813)(1,818)(1,850)
Gross profit:2,5293,3492,6863,2713,1312,151
Operating expenses(631)(1,470)(1,264)(1,264)(1,214)(416)
Other operating income (expense), net(25)(7)(105)10(8)(109)
Other undisclosed operating income (loss)257105(10)8109
Operating income:1,8981,8791,4222,0071,9171,736
Nonoperating income
(Investment Income, Nonoperating)
739201526
Interest and debt expense(19)(31)(118)(43)(23)(143)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (497)(532)(527)(517)
Income from continuing operations before equity method investments, income taxes:1,8861,8518161,4521,3821,102
Loss from equity method investments   (39)   
Other undisclosed loss from continuing operations before income taxes(521)(488)    
Income from continuing operations before income taxes:1,3651,3637771,4521,3821,102
Income tax expense (benefit)117(110)(66)(341)(238)134
Income from continuing operations:1,4821,2537111,1111,1441,235
Income before gain (loss) on sale of properties:1,2537111,1111,1441,235
Other undisclosed net income   39   
Net income:1,4821,2537501,1111,1441,235
Net loss attributable to noncontrolling interest(474)(415)(264)(468)(532)(587)
Net income attributable to parent:1,008838486643612649
Preferred stock dividends and other adjustments      (23)
Net income available to common stockholders, basic:1,008838486643612626
Other undisclosed net income available to common stockholders, diluted471411262466531585
Net income available to common stockholders, diluted:1,4791,2497481,1091,1431,211

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,4821,2537501,1111,1441,235
Other comprehensive income (loss)51251(97)259(553)471
Comprehensive income:1,5331,5046531,3705911,706
Comprehensive loss, net of tax, attributable to noncontrolling interest(490)(499)(224)(571)(276)(818)
Comprehensive income, net of tax, attributable to parent:1,0431,005429799315888

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: