RBI Files 2023 10-K, Details Franchisor Operations
Ticker: QSR · Form: 10-K · Filed: 2024-02-22T00:00:00.000Z
Sentiment: neutral
Topics: earnings, franchise, retail, restaurant
Related Tickers: QSR
TL;DR
**RBI's 2023 10-K is out, confirming its franchisor model and revenue streams from product and royalties.**
AI Summary
Restaurant Brands International Inc. (RBI) filed its 10-K on February 22, 2024, for the fiscal year ended December 31, 2023. The filing indicates a focus on its core business as a franchisor of quick-service restaurants, with revenue streams from product sales and royalties. The company, headquartered in Toronto, Canada, operates under the ticker QSR and has a fiscal year end of December 31.
Why It Matters
This filing provides a comprehensive overview of Restaurant Brands International's financial performance and operational structure, crucial for investors to assess its stability and growth prospects in the competitive fast-food industry.
Risk Assessment
Risk Level: medium — The company operates in a competitive and consumer-dependent industry, making it susceptible to economic downturns and shifts in consumer preferences.
Key Numbers
- 2023-12-31 — Fiscal Year End (Indicates the period covered by the financial statements.)
- 001-36786 — SEC File Number (Unique identifier for the company's SEC filings.)
- 0001618756 — Central Index Key (CIK) (Unique identifier for the company in the SEC's EDGAR system.)
- 138 — Public Document Count (Number of documents included in the filing.)
- 1934 Act — SEC Act (The specific SEC act under which the filing is made.)
Key Players & Entities
- Restaurant Brands International Inc. (company) — Filing entity
- 001-36786 (dollar_amount) — SEC File Number
- Toronto (company) — Business City
- December 31, 2023 (company) — Conformed Period of Report
- February 22, 2024 (company) — Filed As Of Date
FAQ
What is the primary business of Restaurant Brands International Inc. as indicated in the filing?
Restaurant Brands International Inc. operates in the RETAIL-EATING PLACES [5812] industry, primarily as a franchisor, with revenue streams from product sales and royalties, as indicated by the 'qsr:RoyaltyPropertyRevenueandFranchisorMember' and 'us-gaap:ProductMember' tags for revenue.
When was the 10-K filing submitted to the SEC?
The 10-K filing was submitted to the SEC on February 22, 2024, as indicated by the 'FILED AS OF DATE: 20240222'.
What is the fiscal year end for Restaurant Brands International Inc.?
The fiscal year end for Restaurant Brands International Inc. is December 31, as stated in the 'FISCAL YEAR END: 1231' and 'CONFORMED PERIOD OF REPORT: 20231231'.
Where is Restaurant Brands International Inc.'s business address located?
Restaurant Brands International Inc.'s business address is 130 KING STREET WEST, SUITE 300, TORONTO, A6 M5X 1E1, as detailed in the 'BUSINESS ADDRESS' section.
What is the Central Index Key (CIK) for Restaurant Brands International Inc.?
The Central Index Key (CIK) for Restaurant Brands International Inc. is 0001618756, as specified in the 'CENTRAL INDEX KEY: 0001618756' field.
From the Filing
0001618756-24-000020.txt : 20240222 0001618756-24-000020.hdr.sgml : 20240222 20240222150405 ACCESSION NUMBER: 0001618756-24-000020 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 138 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240222 DATE AS OF CHANGE: 20240222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Restaurant Brands International Inc. CENTRAL INDEX KEY: 0001618756 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36786 FILM NUMBER: 24664297 BUSINESS ADDRESS: STREET 1: 130 KING STREET WEST STREET 2: SUITE 300 CITY: TORONTO STATE: A6 ZIP: M5X 1E1 BUSINESS PHONE: (905) 845-6511 MAIL ADDRESS: STREET 1: 130 KING STREET WEST STREET 2: SUITE 300 CITY: TORONTO STATE: A6 ZIP: M5X 1E1 FORMER COMPANY: FORMER CONFORMED NAME: 9060669 Canada Inc. DATE OF NAME CHANGE: 20141028 FORMER COMPANY: FORMER CONFORMED NAME: 1011773 B.C. Unlimited Liability Co DATE OF NAME CHANGE: 20140905 10-K 1 qsr-20231231.htm 10-K qsr-20231231 false 2023 FY 0001618756 http://fasb.org/us-gaap/2023#AccountsPayableCurrent http://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent P3Y 5.5 1 1 1 1 1 0001618756 2023-01-01 2023-12-31 0001618756 2023-06-30 iso4217:USD 0001618756 2024-02-14 xbrli:shares 0001618756 2023-12-31 0001618756 2022-12-31 iso4217:USD xbrli:shares 0001618756 2022-01-01 2022-12-31 0001618756 us-gaap:ProductMember 2023-01-01 2023-12-31 0001618756 us-gaap:ProductMember 2022-01-01 2022-12-31 0001618756 us-gaap:ProductMember 2021-01-01 2021-12-31 0001618756 qsr:RoyaltyPropertyRevenueandFranchisorMember 2023-01-01 2023-12-31 0001618756 qsr:RoyaltyPropertyRevenueandFranchisorMember 2022-01-01 2022-12-31 0001618756 qsr:RoyaltyPropertyRevenueandFranchisorMember 2021-01-01 2021-12-31 0001618756 us-gaap:AdvertisingMember 2023-01-01 2023-12-31 0001618756 us-gaap:AdvertisingMember 2022-01-01 2022-12-31 0001618756 us-gaap:AdvertisingMember 2021-01-01 2021-12-31 0001618756 2021-01-01 2021-12-31 0001618756 us-gaap:CommonStockMember 2020-12-31 0001618756 us-gaap:RetainedEarningsMember 2020-12-31 0001618756 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001618756 us-gaap:NoncontrollingInterestMember 2020-12-31 0001618756 2020-12-31 0001618756 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001618756 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001618756 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-12-31 0001618756 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001618756 us-gaap:CommonStockMember 2021-12-31 0001618756 us-gaap:RetainedEarningsMember 2021-12-31 0001618756 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001618756 us-gaap:NoncontrollingInterestMember 2021-12-31 0001618756 2021-12-31 0001618756 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001618756 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001618756 us-gaap:NoncontrollingInterestMember 2022-01-01 2022-12-31 0001618756 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001618756 us-gaap:CommonStockMember 2022-12-31 0001618756 us-gaap:RetainedEarningsMember 2022-12-31 0001618756 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001618756 us-gaap:NoncontrollingInterestMember 2022-12-31 0001618756 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001618756 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001618756 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-12-31 0001618756 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001618756 us-gaap:CommonStockMember 2023-12-31 0001618756 us-gaap:RetainedEarningsMember 2023-12-31 000161875