Restaurant Brands International Inc. (QSR)

Restaurant Brands International Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	7,022	6,505	5,739	4,968	5,603
Revenue Growth (YoY)	7.95%	13.35%	15.52%	-11.33%	4.59%
Cost of Revenue	2,947	2,830	2,379	2,125	2,346
Gross Profit	4,075	3,675	3,360	2,843	3,257
Selling, General & Admin	1,977	1,708	1,470	1,277	1,271
Other Operating Expenses	55	25	7	105	-10
Operating Expenses	2,032	1,733	1,477	1,382	1,261
Operating Income	2,043	1,942	1,883	1,461	1,996
Interest Expense / Income	582	533	505	508	532
Other Expense / Income	536	518	430	401	480
Pretax Income	925	891	948	552	984
Income Tax	-265	-117	110	66	341
Net Income	1,190	1,008	838	486	643
Net Income Growth	18.06%	20.29%	72.43%	-24.42%	5.07%
Shares Outstanding (Basic)	312	307	310	302	268
Shares Outstanding (Diluted)	456	455	464	468	469
Shares Change	0.22%	-1.94%	-0.85%	-0.21%	-0.85%
EPS (Basic)	3.82	3.28	2.71	1.61	2.40
EPS (Diluted)	3.76	3.25	2.69	1.60	2.37
EPS Growth	15.69%	20.82%	68.12%	-32.49%	-2.07%
Free Cash Flow	1,203	1,390	1,620	804	1,414
Free Cash Flow Per Share	3.86	4.53	5.23	2.66	5.28
Dividend Per Share	2.200	2.160	2.120	2.080	2.000
Dividend Growth	1.85%	1.89%	1.92%	4.00%	11.11%
Gross Margin	58.03%	56.50%	58.55%	57.23%	58.13%
Operating Margin	29.09%	29.85%	32.81%	29.41%	35.62%
Profit Margin	16.95%	15.50%	14.60%	9.78%	11.48%
Free Cash Flow Margin	17.13%	21.37%	28.23%	16.18%	25.24%
Effective Tax Rate	-28.65%	-13.13%	11.60%	11.96%	34.65%
EBITDA	1,698	1,614	1,654	1,249	1,701
EBITDA Margin	24.18%	24.81%	28.82%	25.14%	30.36%
Depreciation & Amortization	191	190	201	189	185
EBIT	1,507	1,424	1,453	1,060	1,516
EBIT Margin	21.46%	21.89%	25.32%	21.34%	27.06%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).