Restaurant Brands International (QSR.TO) Financial Statements
Price: $95.81
Market Cap: $31.14B
Avg Volume: 861.05K
Market Cap: $31.14B
Avg Volume: 861.05K
Country: CA
Industry: Restaurants
Sector: Consumer Cyclical
Industry: Restaurants
Sector: Consumer Cyclical
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Restaurant Brands International.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.41B | $7.02B | $6.50B | $5.74B | $4.97B | $5.60B | $5.36B | $4.58B | $4.15B | $4.05B |
| Cost of Revenue | $5.38B | $4.22B | $3.91B | $3.34B | $2.14B | $2.35B | $2.24B | $2.33B | $2.18B | $2.31B |
| Gross Profit | $3.02B | $2.80B | $2.60B | $2.40B | $2.83B | $3.25B | $3.12B | $2.25B | $1.96B | $1.74B |
| Gross Profit Ratio | 35.97% | 39.90% | 39.94% | 41.80% | 56.96% | 58.00% | 58.19% | 49.13% | 47.38% | 42.93% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $691.00M | $647.00M | $536.00M | $454.00M | $1.23B | $1.21B | $1.14B | $329.00M | $280.50M | $290.30M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $75.00M | $- | $- | $13.70M |
| Selling General and Administrative Expenses | $691.00M | $647.00M | $536.00M | $454.00M | $1.23B | $1.21B | $1.21B | $329.00M | $280.50M | $304.00M |
| Other Expenses | $-86.00M | $104.00M | $39.00M | $20.00M | $11.00M | $9.00M | $-8.00M | $-1.20M | $-100.00K | $1.80M |
| Operating Expenses | $605.00M | $751.00M | $575.00M | $474.00M | $1.24B | $1.22B | $1.22B | $353.10M | $302.30M | $319.20M |
| Cost and Expenses | $5.99B | $4.97B | $4.48B | $3.81B | $3.38B | $3.57B | $3.46B | $2.68B | $2.48B | $2.63B |
| Interest Income | $39.00M | $13.00M | $7.00M | $3.00M | $9.00M | $20.00M | $15.00M | $26.40M | $4.10M | $4.20M |
| Interest Expense | $591.00M | $595.00M | $533.00M | $505.00M | $508.00M | $532.00M | $535.00M | $512.20M | $466.90M | $478.30M |
| Depreciation and Amortization | $264.00M | $191.00M | $190.00M | $201.00M | $189.00M | $185.00M | $180.00M | $181.10M | $172.10M | $182.00M |
| EBITDA | $2.66B | $2.24B | $2.21B | $2.12B | $1.78B | $2.21B | $2.13B | $2.08B | $1.83B | $1.58B |
| EBITDA Ratio | 31.69% | 31.89% | 33.34% | 36.96% | 35.02% | 39.78% | 39.15% | 45.64% | 44.73% | 39.44% |
| Operating Income | $2.42B | $2.05B | $1.90B | $1.88B | $1.42B | $2.01B | $1.92B | $1.74B | $1.67B | $1.19B |
| Operating Income Ratio | 28.78% | 29.21% | 29.18% | 32.74% | 28.62% | 35.82% | 35.78% | 37.93% | 40.20% | 29.42% |
| Total Other Income Expenses Net | $-610.00M | $-598.00M | $-533.00M | $-516.00M | $-606.00M | $-555.00M | $-535.00M | $-634.00M | $-467.00M | $-518.30M |
| Income Before Tax | $1.81B | $1.45B | $1.36B | $1.36B | $816.00M | $1.45B | $1.38B | $1.10B | $1.20B | $673.90M |
| Income Before Tax Ratio | 21.52% | 20.69% | 20.98% | 23.75% | 16.43% | 25.91% | 25.80% | 24.08% | 28.94% | 16.63% |
| Income Tax Expense | $364.00M | $-265.00M | $-117.00M | $110.00M | $66.00M | $341.00M | $238.00M | $-133.60M | $243.90M | $162.20M |
| Net Income | $1.02B | $1.19B | $1.48B | $1.25B | $750.00M | $1.11B | $612.00M | $648.80M | $615.60M | $375.10M |
| Net Income Ratio | 12.15% | 16.95% | 22.78% | 21.83% | 15.10% | 19.83% | 11.42% | 14.18% | 14.85% | 9.26% |
| EPS | $4.54 | $3.76 | $3.26 | $2.70 | $1.60 | $2.37 | $1.29 | $2.64 | $1.48 | $0.51 |
| EPS Diluted | $3.18 | $2.61 | $3.26 | $2.70 | $1.60 | $2.37 | $1.29 | $2.54 | $1.45 | $0.50 |
| Weighted Average Shares Outstanding | 317.89M | 316.41M | 455.00M | 464.00M | 468.00M | 469.00M | 473.00M | 237.00M | 233.00M | 203.50M |
| Weighted Average Shares Outstanding Diluted | 453.00M | 456.00M | 455.00M | 464.00M | 468.00M | 469.00M | 473.00M | 477.00M | 470.00M | 476.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.33B | $1.14B | $1.18B | $1.09B | $1.56B | $1.53B | $913.00M | $1.07B | $1.46B | $757.80M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.33B | $1.14B | $1.18B | $1.09B | $1.56B | $1.53B | $913.00M | $1.07B | $1.46B | $757.80M |
| Net Receivables | $698.00M | $749.00M | $614.00M | $547.00M | $536.00M | $527.00M | $452.00M | $455.90M | $403.50M | $422.00M |
| Inventory | $142.00M | $166.00M | $133.00M | $96.00M | $96.00M | $84.00M | $75.00M | $78.00M | $71.80M | $132.20M |
| Other Current Assets | $108.00M | $119.00M | $123.00M | $86.00M | $72.00M | $52.00M | $60.00M | $142.70M | $161.30M | $108.40M |
| Total Current Assets | $2.28B | $2.17B | $2.05B | $1.82B | $2.26B | $2.20B | $1.50B | $1.75B | $2.10B | $1.37B |
| Property Plant Equipment Net | $4.09B | $3.07B | $3.03B | $3.17B | $3.18B | $3.18B | $2.00B | $2.13B | $2.05B | $2.15B |
| Goodwill | $5.99B | $5.78B | $5.69B | $6.01B | $5.74B | $5.65B | $5.49B | $5.78B | $4.68B | $4.57B |
| Intangible Assets | $10.92B | $11.11B | $10.99B | $11.42B | $10.70B | $10.56B | $10.46B | $11.06B | $9.23B | $9.15B |
| Goodwill and Intangible Assets | $16.91B | $16.88B | $16.68B | $17.42B | $16.44B | $16.21B | $15.95B | $16.84B | $13.90B | $13.72B |
| Long Term Investments | $- | $353.00M | $447.00M | $194.00M | $205.00M | $273.00M | $259.00M | $155.00M | $151.10M | $139.00M |
| Tax Assets | $- | $- | $-447.00M | $-194.00M | $-205.00M | $-273.00M | $-259.00M | $-155.00M | $-151.10M | $-21.80M |
| Other Non-Current Assets | $1.35B | $909.00M | $987.00M | $842.00M | $890.00M | $767.00M | $696.00M | $496.10M | $1.07B | $1.05B |
| Total Non-Current Assets | $22.35B | $21.22B | $20.70B | $21.43B | $20.51B | $20.16B | $18.64B | $19.47B | $17.03B | $17.04B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $24.63B | $23.39B | $22.75B | $23.25B | $22.78B | $22.36B | $20.14B | $21.22B | $19.12B | $18.41B |
| Account Payables | $765.00M | $790.00M | $758.00M | $614.00M | $464.00M | $644.00M | $513.00M | $496.00M | $369.80M | $361.50M |
| Short Term Debt | $415.00M | $248.00M | $264.00M | $236.00M | $248.00M | $227.00M | $91.00M | $78.00M | $93.90M | $56.10M |
| Tax Payables | $228.00M | $129.00M | $190.00M | $106.00M | $122.00M | $126.00M | $113.00M | $401.00M | $43.30M | $46.90M |
| Deferred Revenue | $307.00M | $325.00M | $230.00M | $221.00M | $191.00M | $168.00M | $167.00M | $214.90M | $194.40M | $168.50M |
| Other Current Liabilities | $649.00M | $652.00M | $904.00M | $922.00M | $767.00M | $706.00M | $691.00M | $680.00M | $703.70M | $656.50M |
| Total Current Liabilities | $2.36B | $2.14B | $2.12B | $1.88B | $1.60B | $1.70B | $1.41B | $1.66B | $1.21B | $1.12B |
| Long Term Debt | $15.54B | $14.27B | $14.18B | $14.54B | $14.22B | $13.31B | $12.12B | $12.09B | $8.68B | $8.71B |
| Deferred Revenue Non-Current | $571.00M | $- | $584.00M | $568.00M | $556.00M | $566.00M | $508.00M | $37.40M | $27.10M | $23.70M |
| Deferred Tax Liabilities Non-Current | $1.21B | $- | $1.31B | $1.37B | $1.43B | $1.56B | $1.52B | $1.51B | $1.72B | $1.62B |
| Other Non-Current Liabilities | $105.00M | $2.25B | $2.19B | $2.98B | $3.23B | $3.09B | $2.99B | $2.92B | $2.44B | $2.37B |
| Total Non-Current Liabilities | $17.43B | $16.52B | $16.36B | $17.52B | $17.45B | $16.40B | $15.12B | $15.01B | $11.13B | $11.08B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $19.79B | $18.66B | $18.48B | $19.39B | $19.06B | $18.10B | $16.52B | $16.66B | $12.34B | $12.20B |
| Preferred Stock | $- | $- | $679.00M | $710.00M | $854.00M | $763.00M | $- | $- | $3.30B | $3.30B |
| Common Stock | $2.36B | $1.97B | $2.06B | $2.16B | $2.40B | $2.48B | $1.74B | $2.05B | $1.96B | $1.82B |
| Retained Earnings | $1.86B | $1.60B | $1.12B | $791.00M | $622.00M | $775.00M | $674.00M | $650.60M | $445.70M | $245.80M |
| Accumulated Other Comprehensive Income Loss | $-1.11B | $-706.00M | $-679.00M | $-710.00M | $-854.00M | $-763.00M | $-800.00M | $-475.70M | $-698.30M | $-733.70M |
| Other Total Stockholders Equity | $- | $- | $-679.00M | $-710.00M | $-854.00M | $-763.00M | $- | $- | $- | $- |
| Total Stockholders Equity | $3.11B | $2.87B | $2.50B | $2.24B | $2.17B | $2.49B | $1.61B | $2.23B | $5.00B | $4.63B |
| Total Equity | $4.84B | $4.73B | $4.27B | $3.85B | $3.72B | $4.26B | $3.62B | $4.56B | $6.79B | $6.21B |
| Total Liabilities and Stockholders Equity | $24.63B | $23.39B | $22.75B | $23.25B | $22.78B | $22.36B | $20.14B | $21.22B | $19.12B | $18.41B |
| Minority Interest | $1.73B | $1.86B | $1.77B | $1.62B | $1.55B | $1.77B | $2.01B | $2.33B | $1.79B | $1.58B |
| Total Liabilities and Total Equity | $24.63B | $23.39B | $22.75B | $23.25B | $22.78B | $22.36B | $20.14B | $21.22B | $19.12B | $18.41B |
| Total Investments | $- | $353.00M | $447.00M | $194.00M | $205.00M | $273.00M | $259.00M | $155.00M | $151.10M | $139.00M |
| Total Debt | $15.96B | $14.52B | $14.30B | $14.41B | $13.90B | $13.24B | $12.14B | $12.12B | $8.72B | $8.72B |
| Net Debt | $14.62B | $13.38B | $13.13B | $13.33B | $12.35B | $11.70B | $11.23B | $11.05B | $7.26B | $7.96B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $1.45B | $1.72B | $1.48B | $1.25B | $750.00M | $1.11B | $1.14B | $1.24B | $955.90M | $511.70M |
| Depreciation and Amortization | $264.00M | $191.00M | $190.00M | $201.00M | $189.00M | $185.00M | $180.00M | $181.10M | $172.10M | $182.00M |
| Deferred Income Tax | $-5.00M | $-430.00M | $-60.00M | $-5.00M | $-208.00M | $58.00M | $29.00M | $-742.40M | $80.10M | $-32.30M |
| Stock Based Compensation | $172.00M | $194.00M | $136.00M | $102.00M | $84.00M | $68.00M | $48.00M | $48.30M | $35.10M | $50.80M |
| Change in Working Capital | $-71.00M | $-237.00M | $-310.00M | $158.00M | $-184.00M | $131.00M | $-123.00M | $394.00M | $2.40M | $313.40M |
| Accounts Receivables | $7.00M | $-147.00M | $-110.00M | $8.00M | $-30.00M | $-53.00M | $-200.00M | $331.00M | $-27.10M | $62.60M |
| Inventory | $30.00M | $-43.00M | $-61.00M | $12.00M | $-10.00M | $-15.00M | $-7.00M | $2.90M | $7.70M | $9.20M |
| Accounts Payables | $- | $147.00M | $110.00M | $-8.00M | $30.00M | $53.00M | $41.00M | $19.90M | $27.50M | $191.20M |
| Other Working Capital | $-108.00M | $-194.00M | $-249.00M | $146.00M | $-174.00M | $146.00M | $43.00M | $40.20M | $-5.70M | $50.40M |
| Other Non Cash Items | $-302.00M | $-113.00M | $52.00M | $17.00M | $300.00M | $-77.00M | $-113.00M | $265.70M | $23.40M | $179.20M |
| Net Cash Provided by Operating Activities | $1.50B | $1.32B | $1.49B | $1.73B | $921.00M | $1.48B | $1.17B | $1.38B | $1.27B | $1.20B |
| Investments in Property Plant and Equipment | $-201.00M | $-120.00M | $-100.00M | $-106.00M | $-117.00M | $-62.00M | $-86.00M | $-36.70M | $-33.70M | $-115.30M |
| Acquisitions Net | $-540.00M | $- | $-12.00M | $-1.00B | $- | $- | $- | $-1.64B | $- | $- |
| Purchases of Investments | $- | $- | $-71.00M | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $74.00M | $112.00M | $71.00M | $5.00M | $33.00M | $24.00M | $33.00M | $788.20M | $27.60M | $30.50M |
| Other Investing Activities | $7.00M | $19.00M | $48.00M | $2.00M | $5.00M | $8.00M | $9.00M | $26.60M | $33.00M | $23.30M |
| Net Cash Used for Investing Activities | $-660.00M | $11.00M | $-64.00M | $-1.10B | $-79.00M | $-30.00M | $-44.00M | $-857.80M | $26.90M | $-61.50M |
| Debt Repayment | $260.00M | $-37.00M | $-92.00M | $446.00M | $527.00M | $-16.00M | $1.00M | $3.11B | $-70.00M | $-1.38B |
| Common Stock Issued | $- | $- | $30.00M | $- | $- | $- | $136.00M | $5.88B | $- | $2.10M |
| Common Stock Repurchased | $- | $-500.00M | $-326.00M | $-551.00M | $- | $- | $-60.00M | $-3.01B | $- | $- |
| Dividends Paid | $-1.03B | $-990.00M | $-971.00M | $-974.00M | $-959.00M | $-901.00M | $-728.00M | $-663.50M | $-538.10M | $-362.40M |
| Other Financing Activities | $144.00M | $153.00M | $52.00M | $-14.00M | $-389.00M | $75.00M | $-618.00M | $-3.38B | $17.00M | $-377.10M |
| Net Cash Used Provided by Financing Activities | $-625.00M | $-1.37B | $-1.31B | $-1.09B | $-821.00M | $-842.00M | $-1.28B | $-935.20M | $-590.90M | $-2.12B |
| Effect of Forex Changes on Cash | $-23.00M | $1.00M | $-28.00M | $-3.00M | $6.00M | $16.00M | $-20.00M | $24.00M | $-2.40M | $-73.50M |
| Net Change in Cash | $195.00M | $-39.00M | $91.00M | $-473.00M | $27.00M | $620.00M | $-184.00M | $-387.00M | $702.60M | $-1.05B |
| Cash at End of Period | $1.33B | $1.14B | $1.18B | $1.09B | $1.56B | $1.53B | $913.00M | $1.07B | $1.46B | $757.80M |
| Cash at Beginning of Period | $1.14B | $1.18B | $1.09B | $1.56B | $1.53B | $913.00M | $1.10B | $1.46B | $757.80M | $1.80B |
| Operating Cash Flow | $1.50B | $1.32B | $1.49B | $1.73B | $921.00M | $1.48B | $1.17B | $1.38B | $1.27B | $1.20B |
| Capital Expenditure | $-201.00M | $-120.00M | $-100.00M | $-106.00M | $-117.00M | $-62.00M | $-86.00M | $-36.70M | $-33.70M | $-115.30M |
| Free Cash Flow | $1.30B | $1.20B | $1.39B | $1.62B | $804.00M | $1.41B | $1.08B | $1.35B | $1.24B | $1.09B |