Restaurant Brands Intl Files 2024 10-K

TL;DR

RBI filed its 2024 10-K, covering the fiscal year ending Dec 31, 2024. Includes Carrols acquisition details.

AI Summary

Restaurant Brands International Inc. filed its 2024 10-K on February 21, 2025, reporting on its fiscal year ending December 31, 2024. The company, with its principal executive offices in Toronto, Canada, operates in the retail-eating places sector. Key dates include the filing date of February 21, 2025, and the fiscal year end of December 31, 2024. The filing also references a prior acquisition of Carrols Restaurant Group Inc. on May 16, 2024.

Why It Matters

This 10-K filing provides a comprehensive overview of Restaurant Brands International's financial performance and business operations for the fiscal year 2024, crucial for investors and analysts assessing the company's health and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard annual report, but the complexity of a large, publicly traded company with multiple brands and acquisitions introduces inherent business risks.

Key Numbers

• 2024-12-31 — Fiscal Year End (Reporting period covered by the 10-K)
• 2025-02-21 — Filing Date (Date the 10-K was submitted to the SEC)

Key Players & Entities

• Restaurant Brands International Inc. (company) — Filer of the 10-K
• 2024-12-31 (date) — Fiscal year end
• 2025-02-21 (date) — Filing date
• Carrols Restaurant Group Inc. (company) — Acquired entity
• 2024-05-16 (date) — Date of Carrols acquisition

FAQ

From the Filing

0001618756-25-000087.txt : 20250221 0001618756-25-000087.hdr.sgml : 20250221 20250221155746 ACCESSION NUMBER: 0001618756-25-000087 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 142 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250221 DATE AS OF CHANGE: 20250221 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: 25651553 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-20241231.htm 10-K qsr-20241231 false 2024 FY 0001618756 http://fasb.org/us-gaap/2024#AccountsPayableCurrent http://fasb.org/us-gaap/2024#OtherAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligationsCurrent 5.5 1 1 1 1 1 iso4217:USD xbrli:shares iso4217:USD xbrli:shares qsr:restaurant qsr:country xbrli:pure qsr:subsidiary iso4217:CAD iso4217:EUR qsr:day qsr:director qsr:brand qsr:segment 0001618756 2024-01-01 2024-12-31 0001618756 2024-06-30 0001618756 us-gaap:CommonClassAMember 2025-02-14 0001618756 qsr:PartnershipsWithExchangeableUnitsMember 2025-02-14 0001618756 qsr:CarrolsRestaurantGroupIncMember 2024-05-16 2024-12-31 0001618756 2024-12-31 0001618756 2023-12-31 0001618756 2023-01-01 2023-12-31 0001618756 us-gaap:SalesChannelThroughIntermediaryMember us-gaap:ProductMember 2024-01-01 2024-12-31 0001618756 us-gaap:SalesChannelThroughIntermediaryMember us-gaap:ProductMember 2023-01-01 2023-12-31 0001618756 us-gaap:SalesChannelThroughIntermediaryMember us-gaap:ProductMember 2022-01-01 2022-12-31 0001618756 us-gaap:SalesChannelDirectlyToConsumerMember us-gaap:ProductMember 2024-01-01 2024-12-31 0001618756 us-gaap:SalesChannelDirectlyToConsumerMember us-gaap:ProductMember 2023-01-01 2023-12-31 0001618756 us-gaap:SalesChannelDirectlyToConsumerMember us-gaap:ProductMember 2022-01-01 2022-12-31 0001618756 qsr:RoyaltyPropertyRevenueandFranchisorMember 2024-01-01 2024-12-31 0001618756 qsr:RoyaltyPropertyRevenueandFranchisorMember 2023-01-01 2023-12-31 0001618756 qsr:RoyaltyPropertyRevenueandFranchisorMember 2022-01-01 2022-12-31 0001618756 us-gaap:AdvertisingMember 2024-01-01 2024-12-31 0001618756 us-gaap:AdvertisingMember 2023-01-01 2023-12-31 0001618756 us-gaap:AdvertisingMember 2022-01-01 2022-12-31 0001618756 2022-01-01 2022-12-31 0001618756 us-gaap:SalesChannelThroughIntermediaryMember 2024-01-01 2024-12-31 0001618756 us-gaap:SalesChannelThroughIntermediaryMember 2023-01-01 2023-12-31 0001618756 us-gaap:SalesChannelThroughIntermediaryMember 2022-01-01 2022-12-31 0001618756 us-gaap:SalesChannelDirectlyToConsumerMember 2024-01-01 2024-12-31 0001618756 us-gaap:SalesChannelDirectlyToConsumerMember 2023-01-01 2023-12-31 0001618756 us-gaap:SalesChannelDirectlyToConsumerMember 2022-01-01 2022-12-31 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:AccumulatedOtherComprehen