Restaurant Brands International Inc
MEX : QSR NFinancials
Balance sheet · full history
USD in millions · per-share amounts unscaled. Each period shows the value from the latest filing that prints it.
| Reported line item | Jan 1, 2018 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | — | 913 | 1,533 | 1,560 | 1,087 | 1,178 | 1,139 | 1,334 | 1,163 |
| Accounts and notes receivable, net of allowance of $54 and $57, respectively | 489 | 452 | 527 | 536 | 547 | 614 | 749 | 698 | 794 |
| Inventories, net | 78 | 75 | 84 | 96 | 96 | 133 | 166 | 142 | 205 |
| Prepaids and other current assets | 63 | 60 | 52 | 72 | 86 | 123 | 119 | 108 | 179 |
| Assets held for sale - discontinued operations | 0 | 489 | |||||||
| Total current assets | 1,727 | 1,500 | 2,196 | 2,264 | 1,816 | 2,048 | 2,173 | 2,282 | 2,830 |
| Property and equipment, net of accumulated depreciation and amortization of $1,245 and $1,087, respectively | 2,007 | 2,031 | 2,035 | 1,950 | 1,952 | 2,236 | 2,303 | ||
| Property and equipment, net of accumulated depreciation and amortization of $746 and $704, respectivelyno longer reported | 2,133 | 1,996 | 2,007 | ||||||
| Operating lease assets, net | — | 0 | 1,176 | 1,152 | 1,130 | 1,082 | 1,122 | 1,852 | 1,961 |
| Intangible assets, net | 11,062 | 10,463 | 10,563 | 10,701 | 11,417 | 10,991 | 11,107 | 10,922 | 11,190 |
| Goodwill | 5,782 | 5,486 | 5,651 | 5,739 | 6,006 | 5,688 | 5,775 | 5,986 | 6,306 |
| Other assets, net | 533 | 642 | 719 | 824 | 762 | 987R | 1,262 | 1,354 | 1,025 |
| Net investment in property leased to franchiseesno longer reported | 71 | 54 | 48 | 66 | 80 | 82 | |||
| Total assets | 21,308 | 20,141 | 22,360 | 22,777 | 23,246 | 22,746 | 23,391 | 24,632 | 25,615 |
| Accounts and drafts payable | 496 | 513 | 644 | 464 | 614 | 758 | 790 | 765 | 866 |
| Other accrued liabilities | 875 | 637 | 790 | 835 | 947 | 1,001 | 1,005 | 1,141 | 1,271 |
| Gift card liability | 172 | 167 | 168 | 191 | 221 | 230 | 248 | 236 | 249 |
| Current portion of long-term debt and finance leases | 78 | 91 | 101 | 111 | 96 | 127 | 101 | 222 | 68 |
| Liabilities held for sale - discontinued operations | 0 | 437 | |||||||
| Total current liabilities | 1,621 | 1,408 | 1,703 | 1,601 | 1,878 | 2,116 | 2,144 | 2,364 | 2,891 |
| Long-term debt, net of current portion | 11,801 | 11,823 | 11,759 | 12,397 | 12,916 | 12,839 | 12,854 | 13,455 | 13,250 |
| Finance leases, net of current portion | 244 | 226 | 288 | 315 | 333 | 311 | 312 | 286 | 261 |
| Operating lease liabilities, net of current portion | — | 0 | 1,089 | 1,082 | 1,070 | 1,027 | 1,059 | 1,770 | 1,900 |
| Other liabilities, net | 1,881 | 1,547 | 1,698 | 2,236 | 1,822 | 872 | 996 | 706 | 1,034 |
| Deferred income taxes, net | 1,450 | 1,519 | 1,564 | 1,425 | 1,374 | 1,313 | 1,296 | 1,208 | 1,120 |
| Total liabilities | 16,997 | 16,523 | 18,101 | 19,056 | 19,393 | 18,478 | 18,661 | 19,789 | 20,456 |
| Commitments and contingencies (Note 19) | — | — | — | — | — | — | — | ||
| Common shares, no par value; Unlimited shares authorized at December 31, 2025 and December 31, 2024; 346,323,165 shares issued and outstanding at December 31, 2025; 324,426,589 shares issued and outstanding at December 31, 2024 | 2,052 | 1,737 | 2,478 | 2,399 | 2,156 | 2,057 | 1,973 | 2,357 | 2,859 |
| Retained earnings | 519 | 674 | 775 | 622 | 791 | 1,121 | 1,599 | 1,860 | 1,795 |
| Accumulated other comprehensive income (loss) | (476) | (800) | (763) | (854) | (710) | (679) | (706) | (1,107) | (1,020) |
| Total Restaurant Brands International Inc. shareholders equity | 2,095 | 1,611 | 2,490 | 2,167 | 2,237 | 2,499 | 2,866 | 3,110 | 3,634 |
| Noncontrolling interests | 2,216 | 2,007 | 1,769 | 1,554 | 1,616 | 1,769 | 1,864 | 1,733 | 1,525 |
| Total shareholders equity | 4,311 | 3,618 | 4,259 | 3,721 | 3,853 | 4,268 | 4,730 | 4,843 | 5,159 |
| Total liabilities and shareholders equity | 21,308 | 20,141 | 22,360 | 22,777 | 23,246 | 22,746 | 23,391 | 24,632 | 25,615 |
History starts FY2018 (Jan), the period ended Jan 1, 2018 — the earliest period our structured-data source covers, not the company’s first year.
34 reported lines · 9 periods · values taken from the latest filing that prints each period.
- R1 restated by the filer — hover for the figure as first reported.
- italic2 from an earlier filing than the rest of the column.
- no longer reported2 lines the filer stopped printing.
- — the filer printed the line and left the period empty. An empty cell means the line was not printed at all; it is never a zero.
242 of 269 values link to the exact element in the filer’s own document.
Every line and every caption is the company’s own. Each period carries the value from the latest filing that prints it, which is why a restated period shows the restated number with the figure as first reported kept underneath.
Nothing on this table is computed by us: no fourth quarter, no growth rate, no margin. Marks describe the filer’s own restatements.