Arcos dorados holdings inc. (ARCO)
Balance Sheet / Quarterly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
ASSETS
Current assets
Cash and cash equivalents

308

194

112

139

175

184

176

208

Short-term investment

19

0

-

-

-

-

-

-

Accounts and notes receivable, net

111

83

63

83

110

105

93

79

Other receivables

36

28

35

65

136

131

66

107

Inventories

82

48

44

47

105

54

50

66

Prepaid expenses and other current assets

94

87

110

90

109

101

140

80

Derivative instruments

-

-

-

-

-

1

-

-

Deferred income taxes

-

-

12

17

27

22

36

10

McDonalds Corporations indemnification for contingencies

0

1

0

-

0

-

23

-

Collateral deposits

-

-

-

4

0

-

-

-

Total current assets

653

445

378

447

666

601

588

552

Non-current assets
Miscellaneous

98

89

62

102

91

59

44

21

Collateral deposits

2

5

5

5

5

5

5

20

Property and equipment, net

890

847

833

1,092

1,244

1,176

1,023

911

Net intangible assets and goodwill

47

43

49

57

70

67

58

47

Deferred income taxes

74

70

63

75

97

133

142

190

Derivative instruments

35

0

6

9

0

-

-

-

McDonalds Corporations indemnification for contingencies

2

3

3

4

3

5

12

40

Total non-current assets

1,150

1,059

1,024

1,347

1,513

1,447

1,286

1,231

Total assets

1,803

1,505

1,403

1,794

2,180

2,049

1,875

1,784

LIABILITIES AND EQUITY
Current liabilities
Accounts payable

303

217

187

220

311

244

220

186

Royalties payable to McDonalds Corporation

13

17

14

16

30

29

19

16

Income taxes payable

54

38

28

29

29

21

50

33

Other taxes payable

82

73

69

91

107

104

88

91

Accrued payroll and other liabilities

119

144

93

112

141

150

146

210

Provision for contingencies

2

0

0

0

1

0

41

0

Interest payable

9

7

15

20

21

21

16

8

Short-term debt

-

-

2

32

7

0

0

11

Current portion of long-term debt

4

28

161

6

4

1

2

6

Derivative instruments

15

19

2

10

2

3

1

39

Deferred income taxes

-

-

1

0

0

-

-

-

Total current liabilities

605

548

577

542

659

578

589

605

Non-current liabilities
Accrued payroll and other liabilities

29

23

19

18

35

40

52

53

Provision for contingencies

25

17

20

11

13

20

23

63

Long-term debt, excluding current portion

629

551

491

761

771

649

525

451

Derivative instruments

7

10

0

-

-

5

0

54

Deferred income taxes

10

1

8

4

6

9

4

6

Total non-current liabilities

702

605

538

795

825

724

606

629

Total liabilities

1,307

1,153

1,116

1,337

1,484

1,302

1,195

1,235

Equity
Additional paid-in capital

14

13

12

15

17

18

5

-2

Retained earnings

401

271

193

244

404

400

336

271

Accumulated other comprehensive losses

-429

-441

-424

-302

-218

-158

-148

-98

Total Arcos Dorados Holdings Inc. shareholders equity

495

350

286

456

694

746

679

549

Non-controlling interests in subsidiaries

0

0

0

0

0

1

1

1

Total equity

496

351

286

457

695

745

678

547

Total liabilities and equity

1,803

1,505

1,403

1,794

2,180

2,049

1,875

1,784