RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP

RSTRF ·Consumer Cyclical, Restaurants, Ontario, Canada
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2017 FY2016 FY2015 FY2014 FY2013 FY2012
Revenue $4.58B $4.15B $4.05B $1.20B $1.15B $1.97B
Cost of Revenue $1.85B $1.73B $1.81B $156.4M $195.3M $1.04B
Gross Profit $2.73B $2.42B $2.24B $826.5M $743.1M $727.4M
Gross Margin 59.6% 58.3% 55.3% 68.9% 64.8% 36.9%
Operating Expenses
Research & Development
SG&A Expense $416.0M $319.0M $437.7M $345.4M $242.4M $347.6M
Operating Income $1.74B $1.67B $1.19B $181.1M $522.2M $417.7M
Operating Margin 37.9% 40.2% 29.4% 15.1% 45.6% 21.2%
Interest Expense $412.2M $426.8M $266.0M
Pretax Income $1.10B $1.20B $673.9M $-254.0M $322.2M $159.7M
Income Tax Expense $-134.0M $244.0M $162.2M $14.9M $88.5M $42.0M
Net Income $1.24B $956.0M $511.7M $-277.2M $233.7M $117.7M
Net Margin 27.0% 23.1% 12.6% -23.1% 20.4% 6.0%
EPS (Basic) $-0.20 $0.67
EPS (Diluted) $-0.20 $0.65
Shares Outstanding (Basic) 351.9M 351.0M 349.7M
Shares Outstanding (Diluted) 351.9M 357.8M 354.1M
Dividends Per Share $0.44 $0.30 $0.24 $0.04
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