Restaurant Brands International Limited Partnership

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

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FY2023 · Filed Feb 22, 2024

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Contents

Consolidated Balance Sheets

(In millions of U.S. dollars, except unit data)

	As of December 31,
	2023	2022
ASSETS
Current assets:
Cash and cash equivalents	$1,139	$1,178
Accounts and notes receivable, net of allowance of $37 and $36, respectively	749	614
Inventories, net	166	133
Prepaids and other current assets	119	123
Total current assets	2,173	2,048
Property and equipment, net of accumulated depreciation and amortization of $1,187 and $1,061, respectively	1,952	1,950
Operating lease assets, net	1,122	1,082
Intangible assets, net	11,107	10,991
Goodwill	5,775	5,688
Other assets, net	1,262	987
Total assets	$23,391	$22,746
LIABILITIES AND EQUITY
Current liabilities:
Accounts and drafts payable	$790	$758
Other accrued liabilities	1,005	1,001
Gift card liability	248	230
Current portion of long-term debt and finance leases	101	127
Total current liabilities	2,144	2,116
Long-term debt, net of current portion	12,854	12,839
Finance leases, net of current portion	312	311
Operating lease liabilities, net of current portion	1,059	1,027
Other liabilities, net	996	872
Deferred income taxes, net	1,296	1,313
Total liabilities	18,661	18,478
Commitments and contingencies (Note 16)
Partners’ capital:
Class A common units - 202,006,067 units issued and outstanding at December 31, 2023 and December 31, 2022	9,620	8,735
Partnership exchangeable units - 133,597,764 units issued and outstanding at December 31, 2023; 142,996,640 units issued and outstanding at December 31, 2022	(3,907)	(3,496)
Accumulated other comprehensive income (loss)	(985)	(973)
Total Partners’ capital	4,728	4,266
Noncontrolling interests	2	2
Total equity	4,730	4,268
Total liabilities and equity	$23,391	$22,746

Approved on behalf of the Board of Directors of Restaurant Brands International Inc., as general partner of Restaurant Brands International Limited Partnership:

By:	/s/ J. Patrick Doyle	By:	/s/ Ali Hedayat
	J. Patrick Doyle, Executive Chairman of Restaurant Brands International Inc.		Ali Hedayat, Director of Restaurant Brands International Inc.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.