What was the total amount of 'Other comprehensive income (loss)' for Burger King as of December 31, 2022?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
age units outstanding - basic and diluted (in millions) (Note 4): | | | | | | | | Class A common units | 204 | | 202 | | 202 | | | Partnership exchangeable units | 131 | | 139 | | 144 | | | | | | | | | |
Consolidated Statements of Comprehensive Income (Loss) (In millions of U.S. dollars)
| Net income | $ | 1,445 | $ 1,718 | $ 1,482 |
|---|---|---|---|---|
| Foreign currency translation adjustment | (858) | 250 | (703) | |
| Net change in fair value of net investment hedges, net of tax of $16, $(22), and $(77) | 314 | (232) | 332 | |
| Net change in fair value of cash flow hedges, net of tax of $(39), $(10), and $(141) | 107 | 29 | 382 | |
| Amounts reclassified to earnings of cash flow hedges, net of tax of $37, $24, and | (101) | (66) | 34 | |
| $(12) | ||||
| Gain (loss) recognized on defined benefit pension plans and other items, net of tax of | (2) | 7 | 6 | |
| $(1), $(2), and $(2) | ||||
| Other comprehensive income (loss) | (540) | (12) | 51 | |
| Comprehensive income (loss) | 905 | 1,706 | 1,533 | |
| Comprehensive income (loss) attributable to noncontrolling interests | 3 | 3 | 3 | |
| Comprehensive income (loss) attributable to common unitholders | $ | 902 | $ 1,703 | $ 1,530 |
Consolidated Statements of Equity (In millions of U.S. dollars, except unit data)
| Units | Amount | Units | Amount | Comprehensive | Noncontrolling | Total | ||
|---|---|---|---|---|---|---|---|---|
| Income (Loss) | Interests | |||||||
| Balances at December 31, 2021 | 202,006,067 | $ | 8,421 | 144,993,458 | $ (3,547) $ | (1,024) $ | 3 | $ 3,853 |
| Distributions declared on Class A common units ($3.28 per | — | (664) | — | — | — | — | (664) | |
| unit) | ||||||||
| Distributions declared on partnership exchangeable units | — | — | — | (309) | — | — | (309) | |
| ($2.16 per unit) | ||||||||
| Exchange of Partnership exchangeable units for RBI | — | 111 | (1,996,818) | (111) | — | — | — | |
| common shares | ||||||||
| Distributions to RBI for repurchase of RBI common shares | — | (326) | — | — | — | — | (326) | |
| Capital contribution from RBI Inc. | — | 185 | — | — | — | — | 185 | |
| Noncontrolling interests distributions | — | — | — | — | — | (4) | (4) | |
| Net income | — | 1,008 | — | 471 | — | 3 | 1,482 | |
| Other comprehensive income (loss) | — | — | — | — | 51 | — | 51 | |
| Balances at December 31, 2022 | 202,006,067 | $ | 8,735 | 142,996,640 | $ (3,496) $ | (973) $ | 2 | $ 4,268 |
| Distributions declared on Class A common units ($3.42 per | — | (691) | — | — | — | — | (691) | |
| unit) | ||||||||
| Distributions declared on partnership exchang |
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 'Other comprehensive income (loss)' as of December 31, 2022, was $51. This figure represents the total comprehensive income (loss), factoring in noncontrolling interests. It's important to note that this value is part of the broader financial statement, reflecting changes in equity that are not from transactions with owners.
For a prospective Burger King franchisee, understanding this figure in isolation might not be as crucial as understanding the overall financial health and trends of the company. The 'Other comprehensive income (loss)' can be influenced by various factors, including foreign currency translation adjustments, unrealized gains/losses on certain investments, and changes in pension liabilities. These items are typically outside the direct control of a franchisee but reflect the financial performance of the larger Burger King entity.
Franchisees should focus on how Burger King's overall financial performance, as reflected in its financial statements, impacts their operations and support. A financially stable franchisor is more likely to invest in brand development, marketing, and franchisee support, all of which can positively influence the franchisee's business. Therefore, while the specific 'Other comprehensive income (loss)' figure provides a snapshot, it's the broader financial context that matters most for franchisees.