Restaurant Brands International Inc. (TSX: QSR)

QSR Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	1,190	1,482	1,253	750	1,111
Depreciation & Amortization	191	190	201	189	185
Share-Based Compensation	194	136	102	84	68
Other Operating Activities	-252	-318	170	-102	112
Operating Cash Flow	1,323	1,490	1,726	921	1,476
Operating Cash Flow Growth	-11.21%	-13.67%	87.40%	-37.60%	26.70%
Capital Expenditures	-120	-100	-106	-117	-62
Acquisitions	0	-12	-1,004	0	0
Change in Investments	-112	-142	-5	-33	-24
Other Investing Activities	243	190	12	71	56
Investing Cash Flow	11	-64	-1,103	-79	-30
Dividends Paid	-990	-971	-974	-959	-901
Common Stock Issued	115	30	1,395	0	0
Share Repurchases	-500	-326	-551	0	0
Other Financing Activities	-999	-692	-2,065	138	59
Financing Cash Flow	-1,374	-1,307	-1,093	-821	-842
Net Cash Flow	-39	91	-473	27	620
Free Cash Flow	1,203	1,390	1,620	804	1,414
Free Cash Flow Growth	-13.45%	-14.20%	101.49%	-43.14%	31.05%
Free Cash Flow Margin	17.13%	21.37%	28.23%	16.18%	25.24%
Free Cash Flow Per Share	2.64	3.05	3.49	1.72	3.01

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.