Arcos Dorados Holdings Inc
NYSE:ARCO
Income Statement
Earnings Waterfall
Arcos Dorados Holdings Inc
Revenue
|
4.3B
USD
|
Cost of Revenue
|
-3.7B
USD
|
Gross Profit
|
597.1m
USD
|
Operating Expenses
|
-283.1m
USD
|
Operating Income
|
314m
USD
|
Other Expenses
|
-132.8m
USD
|
Net Income
|
181.3m
USD
|
Income Statement
Arcos Dorados Holdings Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
4 033
N/A
|
3 972
-2%
|
3 901
-2%
|
3 783
-3%
|
3 651
-3%
|
3 511
-4%
|
3 352
-5%
|
3 201
-4%
|
3 053
-5%
|
2 936
-4%
|
2 865
-2%
|
2 887
+1%
|
2 929
+1%
|
3 052
+4%
|
3 123
+2%
|
3 174
+2%
|
3 320
+5%
|
3 341
+1%
|
3 317
-1%
|
3 281
-1%
|
3 082
-6%
|
3 010
-2%
|
2 999
0%
|
2 958
-1%
|
2 959
+0%
|
2 846
-4%
|
2 414
-15%
|
2 131
-12%
|
1 984
-7%
|
1 928
-3%
|
2 228
+16%
|
2 487
+12%
|
2 660
+7%
|
2 890
+9%
|
3 185
+10%
|
3 381
+6%
|
3 619
+7%
|
3 819
+6%
|
3 972
+4%
|
4 175
+5%
|
4 332
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3 472)
|
(3 430)
|
(3 384)
|
(3 306)
|
(3 213)
|
(3 088)
|
(2 944)
|
(2 811)
|
(2 695)
|
(2 593)
|
(2 536)
|
(2 552)
|
(2 570)
|
(2 670)
|
(2 720)
|
(2 753)
|
(2 871)
|
(2 885)
|
(2 869)
|
(2 829)
|
(2 668)
|
(2 612)
|
(2 606)
|
(2 588)
|
(2 592)
|
(2 524)
|
(2 204)
|
(1 983)
|
(1 649)
|
(1 816)
|
(2 027)
|
(2 215)
|
(2 038)
|
(2 502)
|
(2 740)
|
(2 911)
|
(2 724)
|
(3 294)
|
(3 421)
|
(3 592)
|
(3 735)
|
|
Gross Profit |
561
N/A
|
542
-3%
|
517
-5%
|
477
-8%
|
438
-8%
|
423
-4%
|
408
-3%
|
390
-4%
|
358
-8%
|
343
-4%
|
329
-4%
|
335
+2%
|
358
+7%
|
382
+7%
|
403
+6%
|
421
+4%
|
449
+7%
|
456
+1%
|
448
-2%
|
452
+1%
|
414
-8%
|
398
-4%
|
394
-1%
|
370
-6%
|
368
-1%
|
322
-12%
|
210
-35%
|
148
-30%
|
335
+126%
|
112
-66%
|
201
+79%
|
272
+36%
|
622
+128%
|
388
-38%
|
444
+15%
|
470
+6%
|
895
+90%
|
525
-41%
|
550
+5%
|
583
+6%
|
597
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(335)
|
(327)
|
(379)
|
(362)
|
(361)
|
(362)
|
(294)
|
(294)
|
(262)
|
(232)
|
(167)
|
(157)
|
(180)
|
(136)
|
(182)
|
(190)
|
(176)
|
(229)
|
(236)
|
(272)
|
(291)
|
(286)
|
(281)
|
(232)
|
(208)
|
(201)
|
(191)
|
(176)
|
(392)
|
(179)
|
(172)
|
(189)
|
(490)
|
(193)
|
(207)
|
(209)
|
(629)
|
(243)
|
(254)
|
(269)
|
(283)
|
|
Selling, General & Administrative |
(320)
|
(302)
|
(297)
|
(279)
|
(265)
|
(265)
|
(255)
|
(257)
|
(269)
|
(253)
|
(238)
|
(233)
|
(221)
|
(227)
|
(231)
|
(234)
|
(245)
|
(245)
|
(246)
|
(241)
|
(229)
|
(226)
|
(222)
|
(220)
|
(213)
|
(209)
|
(193)
|
(180)
|
(264)
|
(168)
|
(180)
|
(195)
|
(388)
|
(222)
|
(227)
|
(232)
|
(522)
|
(249)
|
(264)
|
(273)
|
(285)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(127)
|
0
|
0
|
0
|
(120)
|
0
|
0
|
0
|
(120)
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
(15)
|
(25)
|
(82)
|
(84)
|
(96)
|
(97)
|
(40)
|
(37)
|
7
|
21
|
71
|
76
|
41
|
91
|
49
|
44
|
69
|
17
|
11
|
(31)
|
(61)
|
(60)
|
(59)
|
(12)
|
5
|
8
|
1
|
4
|
(1)
|
(11)
|
7
|
6
|
19
|
28
|
20
|
23
|
12
|
6
|
10
|
4
|
2
|
|
Operating Income |
227
N/A
|
215
-5%
|
137
-36%
|
115
-16%
|
78
-32%
|
61
-22%
|
114
+87%
|
96
-15%
|
95
-1%
|
112
+17%
|
162
+45%
|
178
+10%
|
179
+0%
|
246
+38%
|
221
-10%
|
232
+5%
|
273
+18%
|
227
-17%
|
213
-6%
|
180
-15%
|
124
-31%
|
112
-9%
|
113
+1%
|
138
+23%
|
160
+16%
|
121
-24%
|
18
-85%
|
(28)
N/A
|
(57)
-104%
|
(67)
-17%
|
29
N/A
|
83
+192%
|
132
+58%
|
195
+48%
|
237
+22%
|
261
+10%
|
266
+2%
|
282
+6%
|
297
+5%
|
314
+6%
|
314
+0%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(129)
|
(134)
|
(158)
|
(163)
|
(155)
|
(156)
|
(115)
|
(128)
|
(123)
|
(80)
|
(72)
|
(50)
|
(38)
|
(66)
|
(102)
|
(90)
|
(90)
|
(81)
|
(50)
|
(37)
|
(39)
|
(32)
|
(31)
|
(41)
|
(39)
|
(72)
|
(72)
|
(84)
|
(67)
|
(47)
|
(40)
|
(51)
|
(55)
|
(48)
|
(76)
|
(40)
|
(37)
|
(39)
|
(16)
|
(25)
|
(35)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
1
|
1
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(1)
|
(0)
|
0
|
1
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
0
|
2
|
2
|
2
|
5
|
2
|
2
|
2
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
|
Pre-Tax Income |
97
N/A
|
81
-17%
|
(22)
N/A
|
(48)
-122%
|
(77)
-59%
|
(94)
-23%
|
(1)
+99%
|
(31)
-2 483%
|
(29)
+8%
|
31
N/A
|
88
+187%
|
126
+43%
|
139
+10%
|
177
+28%
|
116
-35%
|
140
+21%
|
183
+30%
|
146
-20%
|
163
+11%
|
143
-12%
|
85
-41%
|
80
-6%
|
82
+3%
|
95
+16%
|
119
+25%
|
47
-60%
|
(55)
N/A
|
(112)
-103%
|
(132)
-18%
|
(111)
+16%
|
(9)
+92%
|
37
N/A
|
78
+109%
|
149
+92%
|
164
+10%
|
220
+34%
|
226
+3%
|
243
+7%
|
280
+15%
|
289
+3%
|
278
-4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(43)
|
(41)
|
(46)
|
(39)
|
(33)
|
(22)
|
(10)
|
(16)
|
(23)
|
(38)
|
(59)
|
(62)
|
(60)
|
(74)
|
(54)
|
(52)
|
(53)
|
(44)
|
(51)
|
(54)
|
(48)
|
(44)
|
(47)
|
(39)
|
(39)
|
(32)
|
(29)
|
(27)
|
(18)
|
(16)
|
(23)
|
(15)
|
(32)
|
(49)
|
(55)
|
(89)
|
(86)
|
(89)
|
(113)
|
(108)
|
(96)
|
|
Income from Continuing Operations |
54
|
40
|
(68)
|
(87)
|
(109)
|
(117)
|
(11)
|
(47)
|
(51)
|
(7)
|
29
|
63
|
79
|
104
|
62
|
89
|
130
|
102
|
112
|
90
|
37
|
36
|
35
|
56
|
80
|
16
|
(84)
|
(138)
|
(149)
|
(127)
|
(32)
|
22
|
46
|
100
|
110
|
132
|
141
|
154
|
168
|
181
|
182
|
|
Income to Minority Interest |
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Net Income (Common) |
54
N/A
|
40
-26%
|
(68)
N/A
|
(87)
-29%
|
(109)
-25%
|
(117)
-7%
|
(11)
+91%
|
(47)
-328%
|
(52)
-10%
|
(7)
+86%
|
29
N/A
|
63
+117%
|
79
+24%
|
103
+31%
|
62
-41%
|
89
+44%
|
129
+46%
|
102
-21%
|
111
+9%
|
89
-20%
|
37
-59%
|
35
-4%
|
35
-1%
|
56
+60%
|
80
+42%
|
16
-81%
|
(84)
N/A
|
(138)
-64%
|
(150)
-8%
|
(127)
+15%
|
(32)
+74%
|
22
N/A
|
46
+108%
|
100
+119%
|
109
+10%
|
132
+20%
|
140
+7%
|
153
+9%
|
167
+9%
|
180
+8%
|
181
+1%
|
|
EPS (Diluted) |
0.25
N/A
|
0.18
-28%
|
-0.32
N/A
|
-0.41
-28%
|
-0.51
-24%
|
-0.54
-6%
|
-0.05
+91%
|
-0.22
-340%
|
-0.24
-9%
|
-0.04
+83%
|
0.13
N/A
|
0.29
+123%
|
0.36
+24%
|
0.48
+33%
|
0.29
-40%
|
0.42
+45%
|
0.6
+43%
|
0.47
-22%
|
0.51
+9%
|
0.41
-20%
|
0.17
-59%
|
0.18
+6%
|
0.18
N/A
|
0.28
+56%
|
0.38
+36%
|
0.08
-79%
|
-0.4
N/A
|
-0.67
-68%
|
-0.72
-7%
|
-0.62
+14%
|
-0.17
+73%
|
0.1
N/A
|
0.22
+120%
|
0.48
+118%
|
0.53
+10%
|
0.63
+19%
|
0.67
+6%
|
0.73
+9%
|
0.79
+8%
|
0.85
+8%
|
0.86
+1%
|