Restaurant Brands International Inc. (QSR) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  9131,0731,4607581,803
Cash and cash equivalents  9131,0731,4607581,803
Restricted cash and investments   835858138
Receivables536527452456404444458
Inventory, net of allowances, customer advances and progress billings968475787281100
Inventory968475787281100
Prepaid expense     1114
Deferred costs      21
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases1617181817
Other undisclosed current assets1,6321,5854442861111
Total current assets:2,2642,1961,5001,7502,0971,3702,661
Noncurrent Assets
Operating lease, right-of-use asset1,1521,176
Net investment in lease66 
Property, plant and equipment 2,0071,9962,1332,0552,1512,540
Long-term investments and receivables  547192117265
Long-term investments      125
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases547192117141
Intangible assets, net (including goodwill)16,44016,21415,94916,84513,90313,72215,292
Goodwill5,7395,6515,4865,7824,6754,5745,851
Intangible assets, net (excluding goodwill)10,70110,56310,46311,0629,2289,1489,441
Derivative instruments and hedges    718 165
Deferred costs      139
Other noncurrent assets8247196424252601,052530
Other undisclosed noncurrent assets2,03148    (428)
Total noncurrent assets:20,51320,16418,64119,47417,02817,04218,503
TOTAL ASSETS:22,77722,36020,14121,22419,12518,41121,164
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2991,4341,3171,4661,0341,017712
Accounts payable464644513413370362223
Accrued liabilities8357908041,053664655319
Employee-related liabilities      39
Taxes payable      79
Interest and dividends payable      52
Debt1111019178945680
Deferred revenue and credits   28
Other undisclosed current liabilities191168 11183481,105
Total current liabilities:1,6011,7031,4081,6551,2111,1211,925
Noncurrent Liabilities
Long-term debt and lease obligation13,79413,13612,04912,0458,6298,6669,112
Long-term debt, excluding current maturities12,39711,75911,82311,8018,4108,4628,937
Finance lease, liability315288
Capital lease obligations226244218203176
Operating lease, liability1,0821,089
Liabilities, other than long-term debt3,6613,2621,5472,9632,5002,4152,710
Deferred revenue and credits   28
Accounts payable and accrued liabilities      87
Deferred tax liabilities, net 1,5081,7151,6191,862
Deferred income tax liabilities1,4251,564
Liability, pension and other postretirement and postemployment benefits      63
Other liabilities2,2361,6981,5471,455785796644
Derivative instruments and hedges, liabilities      26
Other undisclosed noncurrent liabilities  1,519   (203)
Total noncurrent liabilities:17,45516,39815,11515,00811,12911,08011,619
Total liabilities:19,05618,10116,52316,66312,33912,20113,544
Temporary equity, carrying amount    3,2973,297 
Stockholders' equity
Stockholders' equity attributable to parent2,1672,4901,6112,2261,7031,3371,871
Common stock2,3992,4781,7372,0521,9551,8251,755
Accumulated other comprehensive loss(854)(763)(800)(476)(698)(734)(112)
Retained earnings622775674651446246228
Stockholders' equity attributable to noncontrolling interest1,5541,7692,0072,3341,7861,5762,452
Total stockholders' equity:3,7214,2593,6184,5613,4892,9134,323
Other undisclosed liabilities and equity      3,297
TOTAL LIABILITIES AND EQUITY:22,77722,36020,14121,22419,12518,41121,164

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,9685,6035,3574,5764,1464,0521,197
Revenue, net4,3713,9513,8661,110
Financial services revenue   389
Cost of revenue(2,282)(2,332)(2,226)(2,425)(2,161)(2,422)(566)
Cost of goods and services sold(1,610)(1,813)(1,818)(1,850)(1,727)(1,810)(160)
Other undisclosed gross profit      195
Gross profit:2,6863,2713,1312,1511,9851,630827
Operating expenses(1,264)(1,264)(1,214)(416)(319)(438)(449)
Other operating income (expense), net(105)10(8)(109)1(106)(327)
Other undisclosed operating income (loss)105(10)8109(1)106132
Operating income:1,4222,0071,9171,7361,6671,192182
Nonoperating income (expense)92015264 (11)
Investment income, nonoperating92015264 (15)
Foreign currency transaction gain, before tax      4
Interest and debt expense(118)(43)(23)(143)(20)(63)(172)
Other undisclosed loss from continuing operations before equity method investments, income taxes(497)(532)(527)(517)(451)(455)(253)
Income (loss) from continuing operations before equity method investments, income taxes:8161,4521,3821,1021,200674(253)
Loss from equity method investments(39)     (9)
Income (loss) from continuing operations before income taxes:7771,4521,3821,1021,200674(262)
Income tax expense (benefit)(66)(341)(238)134(244)(162)(24)
Income (loss) before gain (loss) on sale of properties:7111,1111,1441,235956512(287)
Other undisclosed net income39     9
Net income (loss):7501,1111,1441,235956512(277)
Net income (loss) attributable to noncontrolling interest(264)(468)(532)(587)(340)(137)435
Net income attributable to parent:486643612649616375158
Preferred stock dividends and other adjustments   (23)(270)(271)(546)
Other undisclosed net loss available to common stockholders, basic      (14)
Net income (loss) available to common stockholders, basic:486643612626346104(402)
Other undisclosed net income (loss) available to common stockholders, diluted262466531585337133(435)
Net income (loss) available to common stockholders, diluted:7481,1091,1431,211682237(838)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):7501,1111,1441,235956512(277)
Other comprehensive income (loss)(97)259(553)471112(1,219)(311)
Comprehensive income (loss):6531,3705911,7061,068(708)(589)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(224)(571)(276)(818)(399)553467
Other undisclosed comprehensive loss, net of tax, attributable to parent     (271) 
Comprehensive income (loss), net of tax, attributable to parent:429799315888670(426)(122)

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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