Restaurant Brands International Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $665.0M | $445.0M | $155.0M | $436.0M | $263.0M | $221.0M | $361.0M | $357.0M |
| Depreciation & Amortization | $77.0M | $78.0M | $77.0M | $76.0M | $77.0M | $71.0M | $78.0M | $78.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $17.0M | $17.0M | $17.0M | $17.0M | $18.0M | $17.0M | $17.0M | $19.0M |
| Stock-Based Compensation | $35.0M | $35.0M | $38.0M | $32.0M | $33.0M | $48.0M | $48.0M | $37.0M |
| Net Cash from Operating Activities | $530.0M | $227.0M | $555.0M | $592.0M | $449.0M | $118.0M | $481.0M | $540.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $51.0M | $58.0M | $102.0M | $61.0M | $38.0M | $64.0M | $77.0M | $55.0M |
| Business Acquisitions | $0 | $0 | $0 | $0 | $1.0M | $151.0M | $2.0M | $7.0M |
| Net Cash from Investing Activities | $-27.0M | $-33.0M | $-105.0M | $-11.0M | $-18.0M | $-184.0M | $-44.0M | $-57.0M |
| Financing Activities | ||||||||
| Dividends Paid | $296.0M | $283.0M | $282.0M | $282.0M | $282.0M | $262.0M | $262.0M | $261.0M |
| Stock Repurchases | $138.0M | $32.0M | — | — | $0 | $0 | — | — |
| Net Cash from Financing Activities | $-447.0M | $-306.0M | $-484.0M | $-397.0M | $-290.0M | $-265.0M | $-260.0M | $-253.0M |
| Net Change in Cash | $51.0M | $-142.0M | $-62.0M | $213.0M | $98.0M | $-354.0M | $158.0M | $234.0M |
| Free Cash Flow | $479.0M | $169.0M | $453.0M | $531.0M | $411.0M | $54.0M | $404.0M | $485.0M |