Restaurant Brands International Limited Partnership (TSX:QSP.UN)

TSX:QSP.UN Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1,063	1,163	1,334	1,139	1,178	1,087
Cash & Short-Term Investments	1,066	1,163	1,334	1,139	1,178	1,087
Cash Growth	3.90%	-12.82%	17.12%	-3.31%	8.37%	-30.32%
Receivables	800	794	698	749	614	547
Inventory	224	205	142	166	133	96
Prepaid Expenses	245	179	108	119	116	84
Other Current Assets	8	489	-	-	7	2
Total Current Assets	2,343	2,830	2,282	2,173	2,048	1,816
Property, Plant & Equipment	4,194	4,264	4,088	3,074	3,032	3,165
Long-Term Investments	288	-	-	-	447	194
Goodwill	6,183	6,306	5,986	5,775	5,688	6,006
Other Intangible Assets	10,945	11,190	10,922	11,107	10,991	11,417
Long-Term Accounts Receivable	-	79	83	90	82	80
Other Long-Term Assets	964	946	1,271	1,172	458	568
Total Assets	25,022	25,615	24,632	23,391	22,746	23,246

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	884	866	765	790	758	614
Accrued Expenses	375	498	371	389	359	322
Current Portion of Long-Term Debt	48	32	187	67	95	62
Current Portion of Leases	246	236	228	181	169	174
Current Income Taxes Payable	180	188	228	129	190	106
Current Unearned Revenue	261	326	307	325	273	269
Other Current Liabilities	320	745	278	263	272	331
Total Current Liabilities	2,314	2,891	2,364	2,144	2,116	1,878
Long-Term Debt	13,206	13,250	13,455	12,854	12,839	13,136
Long-Term Leases	2,151	2,161	2,056	1,371	1,338	1,403
Long-Term Unearned Revenue	542	562	571	612	584	568
Pension & Post-Retirement Benefits	24	23	23	34	40	47
Long-Term Deferred Tax Liabilities	1,056	1,120	1,208	1,296	1,313	1,374
Other Long-Term Liabilities	334	449	112	350	248	987
Total Liabilities	19,627	20,456	19,789	18,661	18,478	19,393

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	12,604	12,006	10,607	9,620	8,735	8,421
Comprehensive Income & Other	-7,211	-6,849	-5,766	-4,892	-4,469	-4,571
Total Common Equity	5,393	5,157	4,841	4,728	4,266	3,850
Minority Interest	2	2	2	2	2	3
Shareholders' Equity	5,395	5,159	4,843	4,730	4,268	3,853
Total Liabilities & Equity	25,022	25,615	24,632	23,391	22,746	23,246

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	15,651	15,679	15,926	14,473	14,441	14,775
Net Cash (Debt)	-14,585	-14,516	-14,592	-13,334	-13,263	-13,688
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-43.41	-43.20	-43.56	-39.10	-38.33	-38.78
Filing Date Shares Outstanding	335.6	335.6	335.6	335.6	345	346.98
Total Common Shares Outstanding	335.6	335.6	335.6	335.6	345	347
Working Capital	29	-61	-82	29	-68	-62
Book Value Per Share	16.07	15.37	14.42	14.09	12.37	11.10
Tangible Book Value	-11,735	-12,339	-12,067	-12,154	-12,413	-13,573
Tangible Book Value Per Share	-34.97	-36.77	-35.96	-36.22	-35.98	-39.12
Land	-	-	-	-	105	112
Buildings	-	-	-	-	36	20
Machinery	-	320	280	347	476	432
Construction In Progress	-	124	116	62	52	30

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 28, 2026

Data Sources Report a data error