Restaurant Brands International Inc. (QSR) financial statements (2022 and earlier)

Company profile

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   9131,0731,460758
Cash and cash equivalents   9131,0731,460758
Restricted cash and investments    835858
Receivables547536527452456404444
Inventory, net of allowances, customer advances and progress billings96968475787281
Inventory96968475787281
Prepaid expense      11
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases16171818
Other undisclosed current assets1,1731,6321,5854442861
Total current assets:1,8162,2642,1961,5001,7502,0971,370
Noncurrent Assets
Operating lease, right-of-use asset1,1301,1521,176
Net investment in lease8066 
Property, plant and equipment1,510 2,0071,9962,1332,0552,151
Long-term investments and receivables194  547192117
Long-term investments194      
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases547192117
Intangible assets, net (including goodwill)17,42316,44016,21415,94916,84513,90313,722
Goodwill6,0065,7395,6515,4865,7824,6754,574
Intangible assets, net (excluding goodwill)11,41710,70110,56310,46311,0629,2289,148
Derivative instruments and hedges     718 
Other noncurrent assets7628247196424252601,052
Other undisclosed noncurrent assets3312,03148    
Total noncurrent assets:21,43020,51320,16418,64119,47417,02817,042
TOTAL ASSETS:23,24622,77722,36020,14121,22419,12518,411
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5611,2991,4341,3171,4661,0341,017
Accounts payable614464644513413370362
Accrued liabilities9478357908041,053664655
Debt9611110191789456
Other undisclosed current liabilities221191168 1118348
Total current liabilities:1,8781,6011,7031,4081,6551,2111,121
Noncurrent Liabilities
Long-term debt and lease obligation14,31913,79413,13612,04912,0458,6298,666
Long-term debt, excluding current maturities12,91612,39711,75911,82311,8018,4108,462
Finance lease, liability333315288
Capital lease obligations226244218203
Operating lease, liability1,0701,0821,089
Liabilities, other than long-term debt3,1963,6613,2621,5472,9632,5002,415
Deferred tax liabilities, net 1,5081,7151,619
Deferred income tax liabilities1,3741,4251,564
Other liabilities1,8222,2361,6981,5471,455785796
Other undisclosed noncurrent liabilities   1,519   
Total noncurrent liabilities:17,51517,45516,39815,11515,00811,12911,080
Total liabilities:19,39319,05618,10116,52316,66312,33912,201
Temporary equity, carrying amount     3,2973,297
Stockholders' equity
Stockholders' equity attributable to parent2,2372,1672,4901,6112,2261,7031,337
Common stock2,1562,3992,4781,7372,0521,9551,825
Accumulated other comprehensive loss(710)(854)(763)(800)(476)(698)(734)
Retained earnings791622775674651446246
Stockholders' equity attributable to noncontrolling interest1,6161,5541,7692,0072,3341,7861,576
Total stockholders' equity:3,8533,7214,2593,6184,5613,4892,913
TOTAL LIABILITIES AND EQUITY:23,24622,77722,36020,14121,22419,12518,411

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,7394,9685,6035,3574,5764,1464,052
Revenue, net4,3713,9513,866
Cost of revenue(2,390)(2,282)(2,332)(2,226)(2,425)(2,161)(2,422)
Cost of goods and services sold(1,890)(1,610)(1,813)(1,818)(1,850)(1,727)(1,810)
Gross profit:3,3492,6863,2713,1312,1511,9851,630
Operating expenses(1,470)(1,264)(1,264)(1,214)(416)(319)(438)
Other operating income (expense), net(7)(105)10(8)(109)1(106)
Other undisclosed operating income (loss)7105(10)8109(1)106
Operating income:1,8791,4222,0071,9171,7361,6671,192
Nonoperating income
(Investment Income, Nonoperating)
392015264 
Interest and debt expense(31)(118)(43)(23)(143)(20)(63)
Other undisclosed loss from continuing operations before equity method investments, income taxes (497)(532)(527)(517)(451)(455)
Income from continuing operations before equity method investments, income taxes:1,8518161,4521,3821,1021,200674
Loss from equity method investments (39)     
Other undisclosed loss from continuing operations before income taxes(488)      
Income from continuing operations before income taxes:1,3637771,4521,3821,1021,200674
Income tax expense (benefit)(110)(66)(341)(238)134(244)(162)
Income before gain (loss) on sale of properties:1,2537111,1111,1441,235956512
Other undisclosed net income 39     
Net income:1,2537501,1111,1441,235956512
Net loss attributable to noncontrolling interest(415)(264)(468)(532)(587)(340)(137)
Net income attributable to parent:838486643612649616375
Preferred stock dividends and other adjustments    (23)(270)(271)
Net income available to common stockholders, basic:838486643612626346104
Other undisclosed net income available to common stockholders, diluted411262466531585337133
Net income available to common stockholders, diluted:1,2497481,1091,1431,211682237

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,2537501,1111,1441,235956512
Other comprehensive income (loss)251(97)259(553)471112(1,219)
Comprehensive income (loss):1,5046531,3705911,7061,068(708)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(499)(224)(571)(276)(818)(399)553
Other undisclosed comprehensive loss, net of tax, attributable to parent      (271)
Comprehensive income (loss), net of tax, attributable to parent:1,005429799315888670(426)

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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