$QSR
Restaurant Brands International Inc.

2016 Q1 Form 10-Q Financial Statement

#000119312516569296 Filed on April 29, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $918.5M $933.3M
YoY Change -1.59% 287.42%
Cost Of Revenue $390.6M $433.2M
YoY Change -9.83% 2694.84%
Gross Profit $527.9M $500.1M
YoY Change 5.56% 121.87%
Gross Profit Margin 57.47% 53.58%
Selling, General & Admin $73.20M $111.0M
YoY Change -34.05% 130.29%
% of Gross Profit 13.87% 22.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.10M $48.80M
YoY Change -13.73% 197.56%
% of Gross Profit 7.97% 9.76%
Operating Expenses $73.20M $111.0M
YoY Change -34.05% 130.29%
Operating Profit $330.6M $224.1M
YoY Change 47.52% 70.68%
Interest Expense -$115.1M -$123.1M
YoY Change -6.5% 146.2%
% of Operating Profit -34.82% -54.93%
Other Income/Expense, Net -$800.0K -$900.0K
YoY Change -11.11% 350.0%
Pretax Income $215.5M $101.3M
YoY Change 112.73% 24.6%
Income Tax $47.20M $50.70M
% Of Pretax Income 21.9% 50.05%
Net Earnings $168.3M $50.60M
YoY Change 232.61% -16.23%
Net Earnings / Revenue 18.32% 5.42%
Basic Earnings Per Share $0.22 -$0.04
Diluted Earnings Per Share $0.21 -$0.04
COMMON SHARES
Basic Shares Outstanding 230.0M shares 202.2M shares
Diluted Shares Outstanding 468.4M shares 467.2M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $826.0M $1.022B
YoY Change -19.18%
Cash & Equivalents $825.9M $1.022B
Short-Term Investments
Other Short-Term Assets $83.00M $223.0M
YoY Change -62.78%
Inventory $88.80M $98.30M
Prepaid Expenses
Receivables $366.0M $362.0M
Other Receivables $110.0M $18.00M
Total Short-Term Assets $1.473B $1.723B
YoY Change -14.52%
LONG-TERM ASSETS
Property, Plant & Equipment $2.170B $2.401B
YoY Change -9.62%
Goodwill $4.798B $5.360B
YoY Change -10.49%
Intangibles $9.540B $8.820B
YoY Change 8.16%
Long-Term Investments $159.6M $122.4M
YoY Change 30.39%
Other Assets $865.5M $936.6M
YoY Change -7.59%
Total Long-Term Assets $17.48B $17.65B
YoY Change -0.96%
TOTAL ASSETS
Total Short-Term Assets $1.473B $1.723B
Total Long-Term Assets $17.48B $17.65B
Total Assets $18.96B $19.38B
YoY Change -2.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $361.3M $233.9M
YoY Change 54.47%
Accrued Expenses $287.0M $465.0M
YoY Change -38.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $39.30M $18.50M
YoY Change 112.43%
Total Short-Term Liabilities $1.110B $939.8M
YoY Change 18.08%
LONG-TERM LIABILITIES
Long-Term Debt $8.466B $8.961B
YoY Change -5.53%
Other Long-Term Liabilities $918.5M $743.1M
YoY Change 23.6%
Total Long-Term Liabilities $9.384B $9.704B
YoY Change -3.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.110B $939.8M
Total Long-Term Liabilities $9.384B $9.704B
Total Liabilities $12.32B $12.56B
YoY Change -1.92%
SHAREHOLDERS EQUITY
Retained Earnings $263.3M $201.3M
YoY Change 30.8%
Common Stock $1.908B $1.766B
YoY Change 8.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.602B $1.528B
YoY Change
Total Liabilities & Shareholders Equity $18.96B $19.38B
YoY Change -2.16%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $168.3M $50.60M
YoY Change 232.61% -16.23%
Depreciation, Depletion And Amortization $42.10M $48.80M
YoY Change -13.73% 197.56%
Cash From Operating Activities $183.3M $261.7M
YoY Change -29.96% 108.86%
INVESTING ACTIVITIES
Capital Expenditures $5.600M $29.40M
YoY Change -80.95% 764.71%
Acquisitions
YoY Change
Other Investing Activities -$2.200M -$1.500M
YoY Change 46.67% -850.0%
Cash From Investing Activities $6.800M $32.70M
YoY Change -79.2% -878.57%
FINANCING ACTIVITIES
Cash Dividend Paid $128.3M
YoY Change
Common Stock Issuance & Retirement, Net $2.100M
YoY Change
Debt Paid & Issued, Net $17.20M $1.021B
YoY Change -98.31% 5243.46%
Cash From Financing Activities -135.9M -1.017B
YoY Change -86.63% 2226.54%
NET CHANGE
Cash From Operating Activities 183.3M 261.7M
Cash From Investing Activities 6.800M 32.70M
Cash From Financing Activities -135.9M -1.017B
Net Change In Cash 54.20M -722.3M
YoY Change -107.5% -1033.2%
FREE CASH FLOW
Cash From Operating Activities $183.3M $261.7M
Capital Expenditures $5.600M $29.40M
Free Cash Flow $177.7M $232.3M
YoY Change -23.5% 90.57%

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