What was the reported value of Burger King's 'Buildings and improvements' as of December 31, 2023?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
to include the earnings allocated to the holders of noncontrolling interests.
The following table summarizes the basic and diluted earnings per share calculations (in millions, except per share amounts):
| 2024 | 2023 | 2022 | |||
|---|---|---|---|---|---|
| Numerator: | |||||
| Net income attributable to common shareholders - basic | $ | 1,021 | $ | 1,190 | $ 1,008 |
| Add: Net income attributable to noncontrolling interests | 421 |
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 reported value of 'Buildings and improvements' as of December 31, 2023, was $1,193. This figure represents the company's investment in the physical structures and enhancements of its properties.
This number is important for prospective franchisees because it provides insight into the scale of Burger King's real estate holdings and the value it places on its physical assets. It can also be used to assess the company's financial health and stability. Keep in mind that this figure represents the company's overall holdings and not the investment a franchisee would make in their individual restaurant location.
It is important to note that this value is subject to change over time due to factors such as depreciation, new construction, and property sales. Franchisees should consider these factors when evaluating the financial performance of Burger King and the potential return on their investment.