$QSR
Restaurant Brands International Inc.

2024 Q2 Form 10-Q Financial Statement

#000161875624000133 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q2
Revenue $2.080B $1.775B
YoY Change 17.18% 8.3%
Cost Of Revenue $825.0M $612.0M
YoY Change 34.8% 4.79%
Gross Profit $1.255B $1.163B
YoY Change 7.91% 10.24%
Gross Profit Margin 60.34% 65.52%
Selling, General & Admin $647.0M $589.0M
YoY Change 9.85% 303.42%
% of Gross Profit 51.55% 50.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.00M $49.00M
YoY Change 20.41% 2.08%
% of Gross Profit 4.7% 4.21%
Operating Expenses $651.0M $604.0M
YoY Change 7.78% 313.7%
Operating Profit $663.0M $559.0M
YoY Change 18.6% 3.33%
Interest Expense -$147.0M -$155.0M
YoY Change -5.16% 20.16%
% of Operating Profit -22.17% -27.73%
Other Income/Expense, Net
YoY Change
Pretax Income $484.0M $409.0M
YoY Change 18.34% -0.73%
Income Tax $85.00M $58.00M
% Of Pretax Income 17.56% 14.18%
Net Earnings $399.0M $241.0M
YoY Change 65.56% -30.35%
Net Earnings / Revenue 19.18% 13.58%
Basic Earnings Per Share $0.89 $0.77
Diluted Earnings Per Share $0.88 $0.52
COMMON SHARES
Basic Shares Outstanding 316.4M shares 311.3M shares
Diluted Shares Outstanding 453.0M shares 458.0M shares

Balance Sheet

Concept 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $942.0M $1.213B
YoY Change -22.34% 44.75%
Cash & Equivalents $942.0M $1.213B
Short-Term Investments
Other Short-Term Assets $191.0M $167.0M
YoY Change 14.37% 156.92%
Inventory $160.0M $171.0M
Prepaid Expenses
Receivables $737.0M $639.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.030B $2.190B
YoY Change -7.31% 39.67%
LONG-TERM ASSETS
Property, Plant & Equipment $4.087B $3.051B
YoY Change 33.96% -1.49%
Goodwill $6.140B $5.772B
YoY Change 6.38% -1.6%
Intangibles $11.27B $11.12B
YoY Change 1.31% -1.56%
Long-Term Investments $132.0M $140.0M
YoY Change -5.71% -25.93%
Other Assets $1.326B $1.000B
YoY Change 32.6% 18.34%
Total Long-Term Assets $22.82B $20.94B
YoY Change 8.96% -1.15%
TOTAL ASSETS
Total Short-Term Assets $2.030B $2.190B
Total Long-Term Assets $22.82B $20.94B
Total Assets $24.85B $23.13B
YoY Change 7.42% 1.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $720.0M $735.0M
YoY Change -2.04% 4.26%
Accrued Expenses $593.0M $423.0M
YoY Change 40.19% 9.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $580.0M $132.0M
YoY Change 339.39% 69.23%
Total Short-Term Liabilities $2.617B $2.016B
YoY Change 29.81% 14.35%
LONG-TERM LIABILITIES
Long-Term Debt $13.09B $13.12B
YoY Change -0.18% 1.82%
Other Long-Term Liabilities $823.0M $1.996B
YoY Change -58.77% 35.14%
Total Long-Term Liabilities $13.92B $15.11B
YoY Change -7.92% 5.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.617B $2.016B
Total Long-Term Liabilities $13.92B $15.11B
Total Liabilities $19.90B $20.28B
YoY Change -1.88% 7.61%
SHAREHOLDERS EQUITY
Retained Earnings $1.734B $1.198B
YoY Change 44.74% 37.54%
Common Stock $2.138B $2.247B
YoY Change -4.85% 16.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.068B $2.854B
YoY Change
Total Liabilities & Shareholders Equity $24.85B $23.13B
YoY Change 7.42% 1.67%

Cashflow Statement

Concept 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income $399.0M $241.0M
YoY Change 65.56% -30.35%
Depreciation, Depletion And Amortization $59.00M $49.00M
YoY Change 20.41% 2.08%
Cash From Operating Activities $334.0M $392.0M
YoY Change -14.8% -9.89%
INVESTING ACTIVITIES
Capital Expenditures $43.00M $30.00M
YoY Change 43.33% -266.67%
Acquisitions
YoY Change
Other Investing Activities -$485.0M $22.00M
YoY Change -2304.55% -175.86%
Cash From Investing Activities -$528.0M -$8.000M
YoY Change 6500.0% -82.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 91.00M -208.0M
YoY Change -143.75% -52.07%
NET CHANGE
Cash From Operating Activities 334.0M 392.0M
Cash From Investing Activities -528.0M -8.000M
Cash From Financing Activities 91.00M -208.0M
Net Change In Cash -103.0M 176.0M
YoY Change -158.52% -482.61%
FREE CASH FLOW
Cash From Operating Activities $334.0M $392.0M
Capital Expenditures $43.00M $30.00M
Free Cash Flow $291.0M $362.0M
YoY Change -19.61% -20.09%

Facts In Submission

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<div style="margin-top:12pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP and related rules and regulations of the SEC requires our management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates.</span></div><div style="margin-top:12pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The carrying amounts for cash and cash equivalents, accounts and notes receivable and accounts and drafts payable approximate fair value based on the short-term nature of these accounts.</span></div>
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Files In Submission

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0001618756-24-000133.txt Edgar Link pending
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