Arcos Dorados Holdings Inc. (ARCO)

Arcos Dorados Holdings Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	234.33	212.12	148.76	181.27	140.34	45.49
Depreciation & Amortization	205.22	197.26	177.35	149.27	119.78	120.39
Stock-Based Compensation	-	4.59	0.95	14.34	6.09	0.76
Other Adjustments	5.47	12	0.09	14.47	-5.09	-1.16
Change in Receivables	-	-73.88	-11.34	-61.24	-56.79	-4.69
Changes in Inventories	-	-9.29	-4.25	4.83	-6.04	-38.66
Changes in Accounts Payable	-	2.95	24.46	70	111.96	78.2
Changes in Accrued Expenses	-	64.63	-18.05	42.01	47.2	17.04
Changes in Income Taxes Payable	-	10.41	-23.06	7.76	18.64	41.53
Changes in Other Operating Activities	-167.31	-124.44	-28.07	-40.73	-30.65	-0.86
Operating Cash Flow	285.62	296.34	266.85	381.97	345.44	258.04
Operating Cash Flow Growth	8.68%	11.05%	-30.14%	10.57%	33.87%	1516.21%
Capital Expenditures	-269.37	-281.35	-327.64	-360.1	-217.12	-115
Sale of Property, Plant & Equipment	4.92	2.57	8.21	2.54	2.71	1.99
Purchases of Investments	-48.84	-134.16	-30	-86.72	-41.08	-
Proceeds from Sale of Investments	128.57	88.67	76.11	66.74	-	-
Payments for Business Acquisitions	-10.56	-7.06	-6.08	-2.08	-4.8	-0.19
Other Investing Activities	-3.8	-3.69	-0.94	-0.73	0.64	4.92
Investing Cash Flow	-130.98	-335.03	-280.33	-380.35	-259.65	-108.28
Short-Term Debt Issued	0.13	-	-	-	0.36	-
Short-Term Debt Repaid	-24.33	-58.82	-43.57	-1.1	-	-
Net Short-Term Debt Issued (Repaid)	-24.19	-58.82	-43.57	-1.1	0.36	-
Long-Term Debt Issued	448.76	790.1	77.24	29.68	349.97	-
Long-Term Debt Repaid	-382.36	-379.27	-	-22.94	-371.76	-37.17
Net Long-Term Debt Issued (Repaid)	66.4	410.84	77.24	6.74	-21.79	-37.17
Common Dividends Paid	-37.92	-50.56	-50.56	-40.02	-31.59	-0.02
Other Financing Activities	1.27	-12.7	-20.27	22.56	-6.96	19.26
Financing Cash Flow	-396.84	288.75	-37.16	-11.82	-59.98	-17.93
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-10.76	-11.7	-10.95	-60.07	-37.7	-19
Net Cash Flow	-148.98	238.37	-61.6	-70.28	-11.89	112.84
Free Cash Flow	16.25	14.99	-60.79	21.87	128.32	143.05
Free Cash Flow Growth	8.36%	-	-	-82.96%	-10.29%	-
FCF Margin	0.34%	0.32%	-1.36%	0.50%	3.55%	5.38%
Free Cash Flow Per Share	0.08	0.07	-0.29	0.10	0.61	0.68
Levered Free Cash Flow	45.08	424.31	-16.82	59.95	162.68	110.97
Unlevered Free Cash Flow	7.81	87.14	-12.29	79.01	208.36	184.89

Updated May 21, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q