What was the 'Interest expense, net' reported for Burger King in 2023?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
ong-term debt and finance leases | | 222 | 101 | | Total current liabilities | | 2,364 | 2,144 | | Long-term debt, net of current portion | | 13,455 | 12,854 | | Finance leases, net of current portion | | 286 | 312 | | Operating lease liabilities, net of current portion | | 1,770 | 1,059 | | Other liabilities, net | | 706 | 996 | | Deferred income taxes, net | | 1,208 | 1,296 | | Total liabilities | | 19,789 | 18,661 | | Commitments and contingencies (Note 17) | | | | | Shareholders' equity: | | | | | Common shares, no par value; Unlimited shares authorized at December 31, 2024 and | | | | | December 31, 2023; 324,426,589 shares issued and outstanding at December 31, 2024; | | | | | 312,454,851 shares issued and outstanding at December 31, 2023 | | 2,357 | 1,973 | | Retained earnings | | 1,860 | 1,599 | | Accumulated other comprehensive income (loss) | | (1,107) | (706) | | Total Restaurant Brands International Inc. shareholders' equity | | 3,110 | 2,866 | | Noncontrolling interests | | 1,733 | 1,864 | | Total shareholders' equity | | 4,843 | 4,730 | | Total liabilities and shareholders' equity | $ | 24,632 | $ 23,391 | | See accompanying notes to consolidated financial statements. | | | | | Approved on behalf of the Board of Directors: | | | |
J. Patrick Doyle, Executive Chairman Ali Hedayat, Director
By: /s/ J. Patrick Doyle By: /s/ Ali Hedayat
Consolidated Statements of Operations (In millions of U.S. dollars, except per share data)
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Revenues: | ||||||
| Supply chain sales | $ 2,708 | $ | 2,679 | $ | 2,583 | |
| Company restaurant sales | 1,592 | 271 | 236 | |||
| Franchise and property revenues | 2,919 | 2,903 | 2,661 | |||
| Advertising revenues and ot |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 109–124)
What This Means (2025 FDD)
According to Burger King's 2025 Franchise Disclosure Document, the 'Interest expense, net' for 2023 was $582. This figure represents the net cost of interest incurred by Burger King during that fiscal year, reflecting the expenses associated with the company's debt obligations, offset by any interest income received.
For a prospective franchisee, understanding Burger King's interest expenses can provide insight into the company's financial leverage and overall financial health. A higher interest expense might indicate a greater reliance on debt financing, which could impact the company's profitability and ability to invest in growth initiatives. Conversely, a lower interest expense could suggest a more conservative financial strategy.
It is important to note that this figure is part of Burger King's overall financial performance and should be considered in conjunction with other financial metrics, such as revenue, operating costs, and net income, to gain a comprehensive understanding of the company's financial situation. Franchisees should review these figures and consider seeking professional financial advice to assess the financial stability and prospects of Burger King.