What was the total amount of noncontrolling interests distributions for Burger King in 2022?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 exchangeable units | — | — | — | (302) | — | — | (302) | |
| ($2.20 per unit) | ||||||||
| Exchange of Partnership exchangeable units for RBI | — | 634 | (9,398,876) | (634) | — | — | — | |
| common shares | ||||||||
| Distributions to RBI for repurchase of RBI common shares | — | (500) | — | — | — | — | (500) | |
| Capital contribution from RBI Inc. | — | 252 | — | — | — | — | 252 | |
| Noncontrolling interests distributions | — | — | — | — | — | (3) | (3) |
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 noncontrolling interests distributions for the period ending December 31, 2022, amounted to $(3). This indicates a distribution to noncontrolling interests, rather than from them. Noncontrolling interests typically represent the portion of equity in a subsidiary not owned by the parent company (RBI in this case).
In practical terms, this means that a small amount was distributed to those outside of RBI who held Partnership exchangeable units. These units can be exchanged for common shares, giving holders rights to dividends and voting.
For a prospective Burger King franchisee, this specific figure is unlikely to have a direct impact on their day-to-day operations. However, it provides insight into the financial structure of Burger King's parent company and how profits are distributed among various stakeholders. Understanding the broader financial picture can help franchisees assess the overall stability and health of the Burger King system.