$QSR
Restaurant Brands International Inc.

2015 Q1 Form 10-Q Financial Statement

#000119312515170663 Filed on May 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $933.3M $240.9M
YoY Change 287.42% -26.49%
Cost Of Revenue $433.2M $15.50M
YoY Change 2694.84%
Gross Profit $500.1M $225.4M
YoY Change 121.87%
Gross Profit Margin 53.58% 93.57%
Selling, General & Admin $111.0M $48.20M
YoY Change 130.29%
% of Gross Profit 22.2% 21.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.80M $16.40M
YoY Change 197.56%
% of Gross Profit 9.76% 7.28%
Operating Expenses $111.0M $48.20M
YoY Change 130.29%
Operating Profit $224.1M $131.3M
YoY Change 70.68% 28.22%
Interest Expense -$123.1M -$50.00M
YoY Change 146.2%
% of Operating Profit -54.93% -38.08%
Other Income/Expense, Net -$900.0K -$200.0K
YoY Change 350.0%
Pretax Income $101.3M $81.30M
YoY Change 24.6%
Income Tax $50.70M $20.90M
% Of Pretax Income 50.05% 25.71%
Net Earnings $50.60M $60.40M
YoY Change -16.23% 68.72%
Net Earnings / Revenue 5.42% 25.07%
Basic Earnings Per Share -$0.04 $0.17
Diluted Earnings Per Share -$0.04 $0.17
COMMON SHARES
Basic Shares Outstanding 202.2M shares 352.2M shares
Diluted Shares Outstanding 467.2M shares 359.2M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.022B
YoY Change
Cash & Equivalents $1.022B $863.1M
Short-Term Investments
Other Short-Term Assets $223.0M
YoY Change
Inventory $98.30M
Prepaid Expenses
Receivables $362.0M
Other Receivables $18.00M
Total Short-Term Assets $1.723B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.401B
YoY Change
Goodwill $5.360B
YoY Change
Intangibles $8.820B
YoY Change
Long-Term Investments $122.4M
YoY Change
Other Assets $936.6M
YoY Change
Total Long-Term Assets $17.65B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $1.723B
Total Long-Term Assets $17.65B
Total Assets $19.38B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $233.9M
YoY Change
Accrued Expenses $465.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $18.50M
YoY Change
Total Short-Term Liabilities $939.8M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $8.961B
YoY Change
Other Long-Term Liabilities $743.1M
YoY Change
Total Long-Term Liabilities $9.704B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $939.8M
Total Long-Term Liabilities $9.704B
Total Liabilities $12.56B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $201.3M
YoY Change
Common Stock $1.766B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.528B
YoY Change
Total Liabilities & Shareholders Equity $19.38B
YoY Change

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $50.60M $60.40M
YoY Change -16.23% 68.72%
Depreciation, Depletion And Amortization $48.80M $16.40M
YoY Change 197.56%
Cash From Operating Activities $261.7M $125.3M
YoY Change 108.86%
INVESTING ACTIVITIES
Capital Expenditures $29.40M $3.400M
YoY Change 764.71%
Acquisitions
YoY Change
Other Investing Activities -$1.500M $200.0K
YoY Change -850.0%
Cash From Investing Activities $32.70M -$4.200M
YoY Change -878.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.100M
YoY Change
Debt Paid & Issued, Net $1.021B $19.10M
YoY Change 5243.46%
Cash From Financing Activities -1.017B -43.70M
YoY Change 2226.54%
NET CHANGE
Cash From Operating Activities 261.7M 125.3M
Cash From Investing Activities 32.70M -4.200M
Cash From Financing Activities -1.017B -43.70M
Net Change In Cash -722.3M 77.40M
YoY Change -1033.2%
FREE CASH FLOW
Cash From Operating Activities $261.7M $125.3M
Capital Expenditures $29.40M $3.400M
Free Cash Flow $232.3M $121.9M
YoY Change 90.57%

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