$QSR
Restaurant Brands International Inc

2020 Q1 Form 10-Q Financial Statement

#000161875620000018 Filed on May 01, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $1.225B $1.266B
YoY Change -3.24% 0.96%
Cost Of Revenue $399.0M $406.0M
YoY Change -1.72% -5.36%
Gross Profit $826.0M $860.0M
YoY Change -3.95% 4.24%
Gross Profit Margin 67.43% 67.93%
Selling, General & Admin $102.0M $312.0M
YoY Change -67.31% 3.65%
% of Gross Profit 12.35% 36.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.00M $47.00M
YoY Change -4.26% 0.0%
% of Gross Profit 5.45% 5.47%
Operating Expenses $102.0M $312.0M
YoY Change -67.31% 3.65%
Operating Profit $389.0M $434.0M
YoY Change -10.37% 3.09%
Interest Expense -$119.0M -$132.0M
YoY Change -9.85% -5.71%
% of Operating Profit -30.59% -30.41%
Other Income/Expense, Net
YoY Change
Pretax Income $270.0M $302.0M
YoY Change -10.6% 7.47%
Income Tax $46.00M $56.00M
% Of Pretax Income 17.04% 18.54%
Net Earnings $224.0M $246.0M
YoY Change -8.94% -11.83%
Net Earnings / Revenue 18.29% 19.43%
Basic Earnings Per Share $0.48 $0.53
Diluted Earnings Per Share $0.48 $0.53
COMMON SHARES
Basic Shares Outstanding 299.0M shares 252.0M shares
Diluted Shares Outstanding 469.0M shares 467.0M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.498B $902.0M
YoY Change 176.94% 5.87%
Cash & Equivalents $2.498B $913.0M
Short-Term Investments
Other Short-Term Assets $62.00M $63.00M
YoY Change -1.59% -28.41%
Inventory $85.00M $75.00M
Prepaid Expenses
Receivables $414.0M $441.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.059B $1.500B
YoY Change 103.93% -13.14%
LONG-TERM ASSETS
Property, Plant & Equipment $1.939B $2.022B
YoY Change -4.1% -5.2%
Goodwill $5.376B $5.486B
YoY Change -2.01% -5.12%
Intangibles $10.09B $10.33B
YoY Change -2.37% -6.62%
Long-Term Investments $49.00M $50.00M
YoY Change -2.0% -25.37%
Other Assets $1.006B $642.0M
YoY Change 56.7% 20.45%
Total Long-Term Assets $19.57B $19.68B
YoY Change -0.54% 0.49%
TOTAL ASSETS
Total Short-Term Assets $3.059B $1.500B
Total Long-Term Assets $19.57B $19.68B
Total Assets $22.63B $21.18B
YoY Change 6.86% -0.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $484.0M $513.0M
YoY Change -5.65% 3.43%
Accrued Expenses $501.0M $412.0M
YoY Change 21.6% 10.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $76.00M $68.00M
YoY Change 11.76% 20.14%
Total Short-Term Liabilities $1.472B $1.522B
YoY Change -3.29% -6.11%
LONG-TERM LIABILITIES
Long-Term Debt $12.82B $11.76B
YoY Change 9.05% -0.36%
Other Long-Term Liabilities $1.774B $1.415B
YoY Change 25.37% -24.77%
Total Long-Term Liabilities $14.60B $13.17B
YoY Change 10.8% -3.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.472B $1.522B
Total Long-Term Liabilities $14.60B $13.17B
Total Liabilities $18.88B $17.54B
YoY Change 7.63% 3.18%
SHAREHOLDERS EQUITY
Retained Earnings $761.0M $686.0M
YoY Change 10.93% 32.18%
Common Stock $2.537B $1.737B
YoY Change 46.06% -15.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.185B $1.623B
YoY Change
Total Liabilities & Shareholders Equity $22.63B $21.18B
YoY Change 6.86% -0.61%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $224.0M $246.0M
YoY Change -8.94% -11.83%
Depreciation, Depletion And Amortization $45.00M $47.00M
YoY Change -4.26% 0.0%
Cash From Operating Activities $136.0M $154.0M
YoY Change -11.69% -238.74%
INVESTING ACTIVITIES
Capital Expenditures $19.00M $5.000M
YoY Change 280.0% -28.57%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.000M
YoY Change -100.0% -75.0%
Cash From Investing Activities -$3.000M $11.00M
YoY Change -127.27% 450.0%
FINANCING ACTIVITIES
Cash Dividend Paid $232.0M $207.0M
YoY Change 12.08% 113.4%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $855.0M -$182.0M
YoY Change -569.78% 42.19%
NET CHANGE
Cash From Operating Activities $136.0M $154.0M
Cash From Investing Activities -$3.000M $11.00M
Cash From Financing Activities $855.0M -$182.0M
Net Change In Cash $965.0M -$11.00M
YoY Change -8872.73% -95.36%
FREE CASH FLOW
Cash From Operating Activities $136.0M $154.0M
Capital Expenditures $19.00M $5.000M
Free Cash Flow $117.0M $149.0M
YoY Change -21.48% -226.27%

Facts In Submission

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22000000 USD
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
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CY2019Q1 us-gaap Profit Loss
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CY2019Q1 us-gaap Depreciation And Amortization
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CY2019Q1 qsr Increase Decrease In Inventories Prepaid Expenses And Other Current Assets
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30000000 USD
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation
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CY2020Q1 us-gaap Revenue Remaining Performance Obligation
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CY2019Q1 qsr Portion Of Net Income Loss Attributable To Peu Noncontrolling Interest
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CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q1 us-gaap Earnings Per Share Diluted
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CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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292000000 USD
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290000000 USD
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40000000 USD
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CY2019Q4 us-gaap Operating Lease Liability Current
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CY2019Q4 us-gaap Other Accrued Liabilities Current
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CY2020Q1 us-gaap Contract With Customer Liability Noncurrent
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CY2020Q1 us-gaap Derivative Liabilities Noncurrent
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CY2019Q4 us-gaap Derivative Liabilities Noncurrent
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CY2020Q1 us-gaap Below Market Lease Net
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CY2019Q4 us-gaap Below Market Lease Net
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65000000 USD
CY2020Q1 qsr Contract With Customer Deferred Income Noncurrent
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CY2019Q4 us-gaap Other Liabilities Noncurrent
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CY2020Q1 us-gaap Other Long Term Debt
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CY2019Q4 us-gaap Other Long Term Debt
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CY2020Q1 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt Current
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CY2020Q1 us-gaap Long Term Debt Fair Value
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CY2019Q4 us-gaap Long Term Debt Fair Value
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CY2020Q1 us-gaap Debt Instrument Carrying Amount
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CY2019Q4 us-gaap Debt Instrument Carrying Amount
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113000000 USD
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124000000 USD
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CY2019Q1 us-gaap Finance Lease Interest Expense
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CY2019Q1 us-gaap Amortization Of Financing Costs And Discounts
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CY2020Q1 us-gaap Investment Income Interest
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CY2019Q1 us-gaap Investment Income Interest
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CY2019Q1 us-gaap Interest Income Expense Nonoperating Net
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CY2020Q1 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019Q1 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2020Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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CY2020Q1 us-gaap Derivative Fair Value Of Derivative Asset
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382000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2020Q1 us-gaap Derivative Fair Value Of Derivative Liability
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CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
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343000000 USD
CY2019Q1 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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CY2020Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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8000000 USD
CY2019Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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15000000 USD
CY2020Q1 qsr Other Operating Income Expense Other Net
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CY2019Q1 qsr Other Operating Income Expense Other Net
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5000000 USD
CY2020Q1 us-gaap Other Operating Income Expense Net
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16000000 USD
CY2019Q1 us-gaap Other Operating Income Expense Net
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17000000 USD
CY2020Q1 qsr Number Of Brand
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CY2020Q1 us-gaap Revenues
Revenues
1225000000 USD
CY2019Q1 us-gaap Revenues
Revenues
1266000000 USD
CY2020Q1 us-gaap Revenues
Revenues
1225000000 USD
CY2019Q1 us-gaap Revenues
Revenues
1266000000 USD
CY2020Q1 qsr Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
444000000 USD
CY2019Q1 qsr Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
500000000 USD
CY2020Q1 qsr Earnings Before Interest Tax Depreciation And Amortization
EarningsBeforeInterestTaxDepreciationAndAmortization
434000000 USD
CY2019Q1 qsr Earnings Before Interest Tax Depreciation And Amortization
EarningsBeforeInterestTaxDepreciationAndAmortization
481000000 USD
CY2020Q1 qsr Depreciation And Amortization Excluding Oie Depreciation
DepreciationAndAmortizationExcludingOieDepreciation
45000000 USD
CY2019Q1 qsr Depreciation And Amortization Excluding Oie Depreciation
DepreciationAndAmortizationExcludingOieDepreciation
47000000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
389000000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
434000000 USD
CY2020Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-119000000 USD
CY2019Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-132000000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46000000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56000000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
224000000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
246000000 USD

Files In Submission

Name View Source Status
0001618756-20-000018-index-headers.html Edgar Link pending
0001618756-20-000018-index.html Edgar Link pending
0001618756-20-000018.txt Edgar Link pending
0001618756-20-000018-xbrl.zip Edgar Link pending
exhibit1072rbipurchase.htm Edgar Link pending
exhibit1073formthpbrsa.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
qsr-20200331.xsd Edgar Link pending
qsr-20200331_cal.xml Edgar Link unprocessable
qsr-20200331_def.xml Edgar Link unprocessable
qsr-20200331_lab.xml Edgar Link unprocessable
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qsr202033110q.htm Edgar Link pending
qsr202033110q_htm.xml Edgar Link completed
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