What were the total operating costs and expenses for Burger King in 2022?
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 total operating costs and expenses for 2022 were $4,607. This figure represents the sum of various expenses, including the supply chain cost of sales, company restaurant expenses, franchise and property expenses, advertising expenses and other services, general and administrative expenses, (income) loss from equity method investments, and other operating expenses (income), net. These costs are crucial for understanding the overall financial health and operational efficiency of Burger King.
Breaking down the operating costs and expenses, the supply chain cost of sales was $2,093, company restaurant expenses were $219, franchise and property expenses amounted to $518, advertising expenses and other services totaled $1,077, and general and administrative expenses were $631. Additionally, there was an (income) loss from equity method investments of $44 and other operating expenses (income), net, of $25. These individual components provide a detailed view of where Burger King's money was spent in 2022.
For a prospective franchisee, understanding these costs is essential for projecting potential profitability and managing their own restaurant's finances. While the franchisee won't bear all of these costs directly (for example, supply chain costs are often managed at a system-wide level), awareness of these figures provides context for the fees and expenses they will incur. It also allows them to benchmark their own performance against the company's overall financial results. Note that these figures do not represent the costs for an individual franchise, but rather the overall costs for Burger King as a company.