| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income from continuing operations | 927 | 487 |
| Depreciation and amortization | 225 | 148 |
| Non-cash loss on early extinguishment of debt | 0 | 0 |
| Amortization of deferred financing costs and debt issuance discount | 19 | 13 |
| (income) loss from equity method investments | 12 | 10 |
| (gain) loss on remeasurement of foreign denominated transactions | -208 | -207 |
| Net (gains) losses on derivatives | 151 | 102 |
| Share-based compensation and non-cash incentive compensation expense | 113 | 81 |
| Deferred income taxes | -19 | 8 |
| Other non-cash adjustments, net | -44 | -31 |
| Accounts and notes receivable | 66 | 72 |
| Inventories and prepaids and other current assets | 76 | 30 |
| Accounts and drafts payable | 58 | -6 |
| Other accrued liabilities and gift card liability | -62 | -155 |
| Tenant inducements paid to franchisees | 26 | 14 |
| Changes in other long-term assets and liabilities | 23 | 19 |
| Net cash provided by operating activities from continuing operations | 1,159 | 567 |
| Payments for additions of property and equipment | 163 | 102 |
| Net proceeds from disposal of assets, restaurant closures, and refranchisings | 26 | 12 |
| Net payments for acquisition of franchised restaurants, net of cash acquired | 152 | 152 |
| Settlement/sale of derivatives, net | 58 | 40 |
| Other investing activities, net | -18 | 0 |
| Net cash used for investing activities from continuing operations | -213 | -202 |
| Proceeds from long-term debt | 0 | 0 |
| Repayments of long-term debt and finance leases | 198 | 66 |
| Payment of financing costs | 0 | 0 |
| Payment of common share dividends and partnership exchangeable unit distributions | 826 | 544 |
| Proceeds from stock option exercises | 20 | 20 |
| Proceeds from derivatives | 52 | 34 |
| Other financing activities, net | 0 | 1 |
| Net cash used for financing activities from continuing operations | -952 | -555 |
| Net cash used for discontinued operations | -52 | -85 |
| Effect of exchange rates on cash and cash equivalents | 15 | 19 |
| (decrease) increase in cash and cash equivalents, including cash classified as assets held for sale - discontinued operations | -43 | -256 |
Restaurant Brands International Inc. (QSR)
Restaurant Brands International Inc. (QSR)