Restaurant Brands International Cash Flow Statement
NYSE: QSRConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Restaurant Brands International free cash flow
In fiscal 2025, Restaurant Brands International generated $1.71 billion of operating cash flow and spent $265.0 million on capital expenditures. That left free cash flow of $1.45 billion, a free-cash-flow margin of 15.4% of revenue. Free cash flow was up 11.3% from the prior year's $1.30 billion.
Restaurant Brands International returned $1.11 billion to shareholders through dividends, equal to 76% of free cash flow. Free cash flow covered dividend payments 1.3 times.
Summary generated from market data by MetaCap's automated system. Methodology
Restaurant Brands International cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.07B | 1.45B | 1.72B | 1.48B | 1.25B | 750.00M | 1.11B | 1.14B | 1.24B | 956.00M |
| Net Income growth (YoY) | -25.61% | -15.89% | +15.92% | +18.28% | +67.07% | -32.49% | -2.88% | -7.37% | +29.18% | +86.83% |
| Depreciation & Amortization | 301.00M | 264.00M | 191.00M | 190.00M | 201.00M | 189.00M | 185.00M | 180.00M | 182.00M | 172.00M |
| Stock-Based Compensation | 151.00M | 172.00M | 194.00M | 136.00M | 102.00M | 84.00M | 74.00M | 48.00M | 48.00M | 35.00M |
| Change in Working Capital | 22.00M | 0 | -21.00M | 108.00M | 161.00M | -193.00M | 97.00M | 41.00M | 14.00M | 16.00M |
| Operating Cash Flow | 1.71B | 1.50B | 1.32B | 1.49B | 1.73B | 921.00M | 1.48B | 1.17B | 1.39B | 1.25B |
| Capital Expenditures | -265.00M | -201.00M | -120.00M | -100.00M | -106.00M | -117.00M | -62.00M | -86.00M | -37.00M | -34.00M |
| Investing Cash Flow | -318.00M | -660.00M | 11.00M | -64.00M | -1.10B | -79.00M | -30.00M | -44.00M | -858.00M | 27.00M |
| Dividends Paid | -1.11B | -1.03B | -990.00M | -971.00M | -974.00M | -959.00M | -901.00M | -728.00M | -664.00M | -538.00M |
| Share Repurchases | 0 | 0 | -500.00M | -326.00M | -551.00M | 0 | 0 | — | — | — |
| Debt Issued | 0 | 2.45B | 55.00M | 2.00M | 1.33B | 5.24B | 2.25B | 75.00M | 5.85B | 0 |
| Debt Repaid | -427.00M | -2.19B | -92.00M | -94.00M | -889.00M | -4.71B | -2.27B | -74.00M | -2.74B | -70.00M |
| Financing Cash Flow | -1.44B | -625.00M | -1.37B | -1.31B | -1.09B | -821.00M | -842.00M | -1.28B | -936.00M | -591.00M |
| Net Change in Cash | -105.00M | 195.00M | -39.00M | 91.00M | -473.00M | 27.00M | 620.00M | -184.00M | -379.00M | 684.00M |
| Free Cash Flow | 1.45B | 1.30B | 1.20B | 1.39B | 1.62B | 804.00M | 1.41B | 1.08B | 1.35B | 1.22B |
This table shows 10 annual periods of Restaurant Brands International's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow QSR's reporting calendar. What is a cash flow statement?