Arcos Dorados Holdings Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Arcos Dorados Holdings Inc. reported revenue of $4.7B (+4.7% year on year) and net income of $212.6M (+42.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $4.7B | $4.5B | $4.3B | $3.6B |
| Food and paper | ($1.6B) | ($1.5B) | ($1.5B) | ($1.2B) |
| Payroll and employee benefits | ($835.1M) | ($797.6M) | ($790.0M) | ($668.8M) |
| Occupancy and other operating expenses | ($1.3B) | ($1.2B) | ($1.2B) | ($967.7M) |
| Royalty fees | ($273.0M) | ($265.4M) | ($249.3M) | ($194.5M) |
| Franchised restaurants – occupancy expenses | ($89.5M) | ($83.7M) | ($83.4M) | ($68.0M) |
| General and administrative expenses | ($312.8M) | ($279.9M) | ($285.0M) | ($239.3M) |
| Other operating income, net | $103.0M | $18.0M | $1.9M | $11.1M |
| Total operating costs and expenses | ($4.3B) | ($4.1B) | ($4.0B) | ($3.4B) |
| Operating income | $364.4M | $324.5M | $314.0M | $264.4M |
| Net interest expense and other financing results | ($13.7M) | ($47.2M) | ($32.3M) | ($43.8M) |
| (Loss) Gain from derivative instruments | ($3.1M) | $941.0K | ($13.2M) | ($10.5M) |
| Foreign currency exchange results | ($4.9M) | ($15.1M) | $10.8M | $16.5M |
| Other non-operating expenses, net | ($1.5M) | ($3.9M) | ($1.2M) | ($287.0K) |
| Income before income taxes | $341.3M | $259.3M | $278.1M | $226.4M |
| Income tax expense, net | ($128.7M) | ($109.9M) | ($95.7M) | ($85.5M) |
| Net income | $212.6M | $149.4M | $182.4M | $140.9M |
| Less: Net income attributable to non-controlling interests | ($468.0K) | ($620.0K) | ($1.1M) | ($577.0K) |
| Net income attributable to Arcos Dorados Holdings Inc. | $212.1M | $148.8M | $181.3M | $140.3M |
| Basic net income attributable to Arcos Dorados Holdings Inc. per common share (in dollars per share) | $1.01 | $0.71 | $0.86 | $0.67 |
| Diluted net income attributable to Arcos Dorados Holdings Inc. per common share (in dollars per share) | $1.01 | $0.71 | $0.86 | $0.67 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $373.4M | $135.1M | $196.7M | $266.9M |
| Short-term investments | $48.9M | $3.5M | $50.1M | $37.5M |
| Accounts and notes receivable, net | $164.5M | $119.4M | $148.0M | $124.3M |
| Other receivables | $84.5M | $42.5M | $38.7M | $26.8M |
| Inventories | $66.4M | $51.6M | $52.8M | $50.1M |
| Prepaid expenses and other current assets | $103.9M | $115.8M | $119.0M | $120.0M |
| Derivative instruments | $10.4M | $416.0K | $0 | $58.8M |
| Total current assets | $852.0M | $468.4M | $605.3M | $684.4M |
| Miscellaneous | $251.5M | $93.6M | $104.2M | $81.7M |
| Collateral deposits | $2.5M | $2.5M | $2.5M | $2.5M |
| Property and equipment, net | $1.3B | $1.1B | $1.1B | $856.1M |
| Net intangible assets and goodwill | $148.9M | $66.6M | $70.0M | $54.6M |
| Deferred income taxes | $104.3M | $90.3M | $98.2M | $88.0M |
| Derivative instruments | $68.3M | $79.9M | $46.5M | $34.1M |
| Equity method investments | $16.0M | $14.3M | $18.1M | $14.7M |
| Lease right of use asset | $1.1B | $950.0M | $954.6M | $820.7M |
| Total non-current assets | $3.0B | $2.4B | $2.4B | $2.0B |
| Total assets | $3.9B | $2.9B | $3.0B | $2.6B |
| Accounts payable | $356.6M | $347.9M | $375.0M | $353.5M |
| Royalties payable to McDonald’s Corporation | $34.1M | $20.9M | $21.3M | $21.3M |
| Income taxes payable | $50.6M | $39.0M | $77.7M | $65.3M |
| Other taxes payable | $93.3M | $79.5M | $85.4M | $81.4M |
| Accrued payroll and other liabilities | $145.5M | $113.3M | $142.5M | $115.3M |
| Provision for contingencies | $1.5M | $1.2M | $1.4M | $2.3M |
| Interest payable | $18.9M | $7.8M | $7.4M | $7.9M |
| Short-term debt | $0 | $60.3M | $29.5M | $318.0K |
| Current portion of long-term debt | $11.8M | $2.6M | $1.8M | $19.0M |
| Derivative instruments | $9.7M | $1.3M | $6.0M | $10.2M |
| Operating lease liabilities | $106.8M | $92.3M | $93.5M | $82.9M |
| Total current liabilities | $828.7M | $765.9M | $841.7M | $759.4M |
| Accrued payroll and other liabilities | $91.8M | $20.9M | $27.5M | $28.8M |
| Provision for contingencies | $49.4M | $29.2M | $49.2M | $42.6M |
| Long-term debt, excluding current portion | $1.1B | $716.0M | $713.0M | $711.7M |
| Derivative instruments | $14.2M | $0 | $16.7M | $18.2M |
| Deferred income taxes | $2.8M | $2.1M | $1.2M | $3.9M |
| Operating lease liabilities | $1.0B | $849.2M | $853.1M | $747.7M |
| Total non-current liabilities | $2.3B | $1.6B | $1.7B | $1.6B |
| Total liabilities | $3.1B | $2.4B | $2.5B | $2.3B |
| Common stock | $522.9M | $522.9M | $522.8M | $522.3M |
| Additional paid-in capital | $8.7M | $8.7M | $8.7M | $9.2M |
| Retained earnings | $825.9M | $664.4M | $566.2M | $424.9M |
| Accumulated other comprehensive loss | ($567.6M) | ($668.5M) | ($563.1M) | ($613.5M) |
| Common stock in treasury | ($19.4M) | ($19.4M) | ($19.4M) | ($19.4M) |
| Total Arcos Dorados Holdings Inc. shareholders’ equity | $770.5M | $508.1M | $515.3M | $323.6M |
| Non-controlling interests in subsidiaries | $1.6M | $1.3M | $1.6M | $804.0K |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income attributable to Arcos Dorados Holdings Inc. | $212.1M | $148.8M | $181.3M | $140.3M |
| Depreciation and amortization | $197.3M | $177.4M | $149.3M | $119.8M |
| Loss (gain) from derivative instruments | $3.1M | ($941.0K) | $13.2M | $10.5M |
| Amortization and accrual of letter of credit fees and deferred financing costs | $5.9M | $4.9M | $4.3M | $5.3M |
| Deferred income taxes | ($4.9M) | ($11.4M) | ($4.3M) | ($15.4M) |
| Foreign currency exchange results | $11.9M | $9.1M | $3.2M | ($6.9M) |
| Accrued net share-based compensation expense | $4.6M | $953.0K | $14.3M | $6.1M |
| Write-off of long-lived assets | $6.6M | $2.6M | $8.4M | $3.1M |
| Gain on restaurant transactions | ($10.7M) | ($6.5M) | ($4.0M) | — |
| Others, net | $105.0K | $1.3M | ($8.9M) | ($2.8M) |
| Accounts and notes receivables | ($39.9M) | ($11.3M) | ($61.2M) | ($56.8M) |
| Other receivables | ($34.0M) | — | — | — |
| Prepaid expenses and other assets | $12.3M | ($28.6M) | — | — |
| Inventories | ($9.3M) | ($4.3M) | — | — |
| Miscellaneous | ($147.7M) | — | — | — |
| Accounts payable | $3.0M | $24.5M | $70.0M | $112.0M |
| Income taxes payable | $10.4M | ($23.1M) | $7.8M | $18.6M |
| Other taxes payable | $12.4M | $6.5M | $25.5M | $8.9M |
| Accrued payroll, other liabilities and provision for contingencies | $39.6M | ($25.7M) | $17.3M | $32.9M |
| Royalties payable to McDonald’s Corporation | $12.6M | $1.1M | ($719.0K) | $5.5M |
| Others | $10.9M | $567.0K | ($220.0K) | ($3.5M) |
| Net cash provided by operating activities | $296.3M | $266.8M | $382.0M | $345.4M |
| Property and equipment expenditures | ($281.4M) | ($327.6M) | ($360.1M) | ($217.1M) |
| Purchases of restaurant businesses paid at acquisition date | ($7.1M) | ($6.1M) | ($2.1M) | ($4.8M) |
| Proceeds from sales of property and equipment, restaurant businesses and related advances | $2.6M | $8.2M | $2.5M | $2.7M |
| Proceeds from short-term investments | $88.7M | $76.1M | $66.7M | — |
| Acquisitions of short-term investments | ($134.2M) | ($30.0M) | ($86.7M) | ($41.1M) |
| Other investing activity | ($3.7M) | ($936.0K) | ($727.0K) | $635.0K |
| Net cash used in investing activities | ($335.0M) | ($280.3M) | ($380.3M) | ($259.6M) |
| Issuance and proceeds from sale of notes | $613.7M | $0 | $0 | $350.0M |
| Cash tender, Open Market Repurchases and Settlement at maturity of 2023, 2027 and 2029 Senior Notes | ($379.3M) | $0 | ($22.9M) | ($363.4M) |
| Dividend payments to Arcos Dorados Holdings Inc. shareholders | ($50.6M) | ($50.6M) | ($40.0M) | ($31.6M) |
| Short and long-term borrowings | $176.4M | — | — | — |
| Payment of short and other long-term debt | ($58.8M) | — | — | — |
| Payments for debt issue costs | ($6.7M) | — | — | — |
| Collection of derivative instruments | $1.9M | $331.0K | $30.2M | $0 |
| Payments related to derivative instruments and derivative premiums | ($708.0K) | ($15.3M) | ($2.6M) | — |
| Other financing activities | ($7.1M) | ($5.3M) | ($5.0M) | ($7.0M) |
| Net cash provided by (used in) financing activities | $288.8M | ($37.2M) | ($11.8M) | ($60.0M) |
| Effect of exchange rate changes on cash and cash equivalents | ($11.7M) | ($11.0M) | ($60.1M) | ($37.7M) |
| Increase (decrease) in cash and cash equivalents | $238.4M | ($61.6M) | ($70.3M) | ($11.9M) |
| Cash and cash equivalents at the beginning of the year | $135.1M | $196.7M | $266.9M | $278.8M |
| Cash and cash equivalents at the end of the year | $373.4M | $135.1M | $196.7M | $266.9M |
| Cash paid during the year for interest | $59.4M | $52.0M | $47.5M | $56.4M |
| Cash paid during the year for income tax | $116.1M | $120.8M | $72.8M | $78.9M |
Arcos Dorados Holdings Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.