Restaurant Brands International Inc. Cash Flow Statement

QSR / Consumer Discretionary|14 years of annual SEC 10-K data (FY2012-FY2025)

Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 14 fiscal years. All figures from audited SEC 10-K filings.

Restaurant Brands International Inc. generated $1.7B in operating cash flow and $1.4B in free cash flow in FY2025. Free cash flow margin was 15.4% of revenue.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 0.76 (distress zone, below 1.8 threshold)
Strong return on equity: 37.9%

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
Net Income	$1.1B	$1.4B	$1.7B	$1.5B	$1.3B	$750.0M	$246.0M	$279.0M	$166.6M	$168.3M	$50.6M	$60.4M	$233.7M	$117.7M
Depreciation & Amortization	$301.0M	$264.0M	$191.0M	$190.0M	$201.0M	$189.0M	$185.0M	$180.0M	$182.0M	$172.0M	$182.0M	$68.8M	$65.8M	$114.2M
Operating Cash Flow	$1.7B	$1.5B	$1.3B	$1.5B	$1.7B	$921.0M	$1.5B	$1.2B	$1.4B	$1.3B	$1.2B	$259.3M	$325.2M	$224.4M
Capital Expenditures	$265.0M	$201.0M	$120.0M	$100.0M	$106.0M	$117.0M	$62.0M	$86.0M	$37.0M	$34.0M	$115.3M	$30.9M	$25.5M	$70.2M
Free Cash Flow	$1.4B	$1.3B	$1.2B	$1.4B	$1.6B	$804.0M	$1.4B	$1.1B	$1.4B	$1.2B	$1.1B	$228.4M	$299.7M	$154.2M
Share Buybacks	$0	$0	$500.0M	$326.0M	$551.0M	$0	$0	-	-	-	-	-	$7.3M	-
Dividends Paid	$1.1B	$1.0B	$990.0M	$971.0M	$974.0M	$959.0M	$901.0M	$728.0M	$664.0M	$538.0M	$362.4M	$105.6M	$84.3M	$14.0M
FCF Margin	15.4%	15.5%	17.1%	21.4%	28.2%	16.2%	25.2%	20.1%	29.6%	29.3%	26.9%	19.1%	26.1%	7.8%

Other Financial Statements

Income Statement Balance Sheet All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Restaurant Brands International Inc. Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

Net Income

$1.1B

$1.4B

$1.7B

$1.5B

$1.3B

$750.0M

$246.0M

$279.0M

$166.6M

$168.3M

$50.6M

$60.4M

$233.7M

$117.7M

Depreciation & Amortization

$301.0M

$264.0M

$191.0M

$190.0M

$201.0M

$189.0M

$185.0M

$180.0M

$182.0M

$172.0M

$182.0M

$68.8M

$65.8M

$114.2M

Operating Cash Flow

$1.7B

$1.5B

$1.3B

$1.5B

$1.7B

$921.0M

$1.5B

$1.2B

$1.4B

$1.3B

$1.2B

$259.3M

$325.2M

$224.4M

Capital Expenditures

$265.0M

$201.0M

$120.0M

$100.0M

$106.0M

$117.0M

$62.0M

$86.0M

$37.0M

$34.0M

$115.3M

$30.9M

$25.5M

$70.2M

Free Cash Flow

$1.4B

$1.3B

$1.2B

$1.4B

$1.6B

$804.0M

$1.4B

$1.1B

$1.4B

$1.2B

$1.1B

$228.4M

$299.7M

$154.2M

Share Buybacks

$500.0M

$326.0M

$551.0M

$7.3M

Dividends Paid

$1.1B

$1.0B

$990.0M

$971.0M

$974.0M

$959.0M

$901.0M

$728.0M

$664.0M

$538.0M

$362.4M

$105.6M

$84.3M

$14.0M

FCF Margin

15.4%

15.5%

17.1%

21.4%

28.2%

16.2%

25.2%

20.1%

29.6%

29.3%

26.9%

19.1%

26.1%

7.8%