Tim Hortons Inc (THI) financial statements (2020 and earlier)

Company profile

Business Address 874 SINCLAIR ROAD
OAKVILLE, ON L6K 2Y1
State of Incorp. ON
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)

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50120
Cash and cash equivalents50120
Receivables215179
Inventory, net of allowances, customer advances and progress billings9095
Inventory9095
Other undisclosed current assets219215
Total current assets:575609
Noncurrent Assets
Property, plant and equipment1,6851,553
Long-term investments and receivables4543
Long-term investments4141
Accounts and financing receivable, after allowance for credit loss41
Intangible assets, net (including goodwill)4
Intangible assets, net (excluding goodwill) 4
Other noncurrent assets118
Prepaid expense and other noncurrent assets65
Other undisclosed noncurrent assets1111
Total noncurrent assets:1,8591,675
TOTAL ASSETS:2,4342,284
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities516200
Accounts payable205170
Accrued liabilities274 
Employee-related liabilities2321
Taxes payable158
Debt4821
Deferred tax liabilities 0
Other undisclosed current liabilities23243
Total current liabilities:586463
Noncurrent Liabilities
Long-term debt and lease obligation964464
Long-term debt, excluding current maturities843359
Capital lease obligations121104
Liabilities, other than long-term debt147149
Deferred tax liabilities, net1010
Liability for uncertainty in income taxes2529
Other liabilities112110
Other undisclosed noncurrent liabilities(25)18
Total noncurrent liabilities:1,086631
Total liabilities:1,6721,094
Stockholders' equity
Stockholders' equity attributable to parent, including:7611,187
Common stock401435
Accumulated other comprehensive loss(112)(139)
Retained earnings474894
Other undisclosed stockholders' equity attributable to parent(2)(2)
Stockholders' equity attributable to noncontrolling interest03
Total stockholders' equity:7621,190
TOTAL LIABILITIES AND EQUITY:2,4342,284

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

12/31/2013
12/31/2012
Revenues
(Revenue, Net)
3,2563,121
Cost of revenue(2,153)(2,076)
Cost of goods and services sold(2,136)(2,076)
Gross profit:1,1021,044
Operating expenses(481)(676)
Other operating income, net1 
Other undisclosed operating income (loss)(1)227
Operating income:621595
Nonoperating income183
Investment income, nonoperating183
Interest and debt expense(39)(34)
Income from continuing operations before equity method investments, income taxes:600564
Income from equity method investments1515
Income from continuing operations before income taxes:615579
Income tax expense(157)(156)
Income before gain (loss) on sale of properties:458422
Other undisclosed net loss(29)(15)
Net income:429408
Net loss attributable to noncontrolling interest(4)(5)
Net income available to common stockholders, diluted:424403

Comprehensive Income ($ in millions)

12/31/2013
12/31/2012
Net income:429408
Other comprehensive income (loss)27(11)
Comprehensive income:456397
Comprehensive income, net of tax, attributable to noncontrolling interest45
Other undisclosed comprehensive loss, net of tax, attributable to parent(9)(10)
Comprehensive income, net of tax, attributable to parent:451392

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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