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Restaurant Brands International Inc. (QSR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:          
Total revenues  6,505.05,739.04,968.05,603.05,357.04,576.04,146.04,052.2
            Total revenues growth  13.3%15.5%-11.3%4.6%17.1%10.4%2.3%238.0%
Operating costs and expenses:          
Cost of sales  2,312.01,890.01,610.01,813.01,818.01,850.01,727.0 
Franchise and property expenses  518.0489.0515.0533.0422.0478.0454.0503.2
General and administrative expenses  631.0484.0407.01,271.01,214.0416.0319.0437.7
(Income) loss from equity method investments      -22.0-12.0-20.04.1
Other operating expenses (income), net  25.07.0105.0-10.08.0109.0-1.0105.5
    Total operating costs and expenses  4,607.03,860.03,546.03,596.03,440.02,841.02,479.02,860.0
    Income from operations  1,898.01,879.01,422.02,007.01,917.01,735.01,667.01,192.2
            Operating margin  29.2%32.7%28.6%35.8%35.8%37.9%40.2%29.4%
Interest expense, net  533.0505.0508.0532.0535.0512.0467.0478.3
Income tax expense  -117.0276.066.0341.0575.0-278.0244.0162.2
    Net income  1,482.01,253.0750.01,111.01,144.01,235.0956.0511.7
Net income attributable to noncontrolling interests (Note 12)  474.0415.0264.0468.0532.0587.0340.0136.6
    Net income attributable to common shareholders  1,008.0838.0486.0643.0612.0626.0346.0103.9
   
Earnings per common share          
Basic (in usd per share)  $3.28$2.71$1.61$2.40$2.46$2.64$1.48$0.51
Diluted (in usd per share)  $3.25$2.69$1.60$2.37$2.42$2.54$1.45$0.50
   
Weighted average shares outstanding (in millions):          
Basic (in shares)  307.0310.0302.0268.0249.0237.0233.0203.5
Diluted (in shares)  455.0464.0468.0469.0473.0477.0235.0476.0

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