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Restaurant Brands International Inc. (QSR)
NYSE: QSR · Real-Time Price · USD
73.89
+0.97 (1.33%)
At close: Aug 7, 2026, 4:00 PM EDT
74.00
+0.11 (0.15%)
After-hours: Aug 7, 2026, 7:45 PM EDT

Restaurant Brands International Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
1,8241,2011,4451,7181,4821,253
Depreciation & Amortization
308301264191190201
Stock-Based Compensation
140151172194136102
Other Adjustments
-546173-269-5111832
Change in Receivables
-41-897-147-1108
Changes in Inventories
-72-6730-43-6112
Changes in Accounts Payable
13789-3022169149
Changes in Accrued Expenses
-36-7-3793767
Changes in Other Operating Activities
-82-185-79-110-371-98
Operating Cash Flow
1,9041,7141,5031,3231,4901,726
Operating Cash Flow Growth
19.90%14.04%13.61%-11.21%-13.67%87.41%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-272-265-201-120-100-106
Sale of Property, Plant & Equipment
593834371216
Cash Acquisitions
--152-540-17-12-1,004
Other Investing Activities
37614711136-9
Investing Cash Flow
-176-318-66011-64-1,103

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
--2,4505521,335
Long-Term Debt Repaid
-418-427-2,190-92-94-889
Net Long-Term Debt Issued (Repaid)
-418-427260-37-92446
Issuance of Common Stock
483378605160
Repurchase of Common Stock
-170---500-326-551
Net Common Stock Issued (Repurchased)
-1223378-440-275-491
Common Dividends Paid
-1,143-1,108-1,029-990-971-974
Other Financing Activities
4966669331-74
Financing Cash Flow
-1,634-1,436-625-1,374-1,307-1,093

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-1116-231-28-3
Net Cash Flow
45-276390-7891-473

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
1,6321,4491,3021,2031,3901,620
Free Cash Flow Growth
20.53%11.29%8.23%-13.45%-14.20%101.49%
FCF Margin
16.83%15.36%15.49%17.13%21.37%28.23%
Free Cash Flow Per Share
3.563.172.872.643.053.49
Levered Free Cash Flow
8382151,2281,1027801,509
Unlevered Free Cash Flow
2,2431,4361,8792,3741,9251,952
SEC Filings: 10-K · 10-Q