| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
REVENUES | ||||||||
Sales by Company-operated restaurants | ||||||||
3,162 | 2,803 | 2,930 | 3,504 | 3,859 | 3,634 | 3,504 | 2,894 | 2,536 |
Revenues from franchised restaurants | ||||||||
157 | 125 | 122 | 146 | 173 | 163 | 153 | 123 | 128 |
Total revenues | ||||||||
3,319 | 2,928 | 3,052 | 3,651 | 4,033 | 3,797 | 3,657 | 3,018 | 2,665 |
OPERATING COSTS AND EXPENSES | ||||||||
Company-operated restaurant expenses: | ||||||||
Food and paper | ||||||||
1,110 | 1,012 | 1,037 | 1,243 | 1,350 | 1,269 | 1,216 | 1,023 | 929 |
Payroll and employee benefits | ||||||||
683 | 607 | 660 | 791 | 814 | 753 | 701 | 569 | 491 |
Occupancy and other operating expenses | ||||||||
842 | 752 | 793 | 939 | 1,055 | 984 | 918 | 765 | 667 |
Royalty fees | ||||||||
163 | 142 | 149 | 173 | 188 | 180 | 170 | 140 | 121 |
Franchised restaurants occupancy expenses | ||||||||
69 | 55 | 54 | 63 | 63 | 56 | 51 | 37 | 42 |
General and administrative expenses | ||||||||
244 | 221 | 270 | 272 | 317 | 314 | 334 | 254 | 189 |
Other operating income, net | ||||||||
68 | 41 | 6 | -95 | 15 | 3 | 14 | 22 | -16 |
Total operating costs and expenses | ||||||||
3,046 | 2,750 | 2,959 | 3,580 | 3,804 | 3,560 | 3,406 | 2,813 | 2,458 |
Operating income | ||||||||
272 | 178 | 93 | 70 | 228 | 236 | 250 | 204 | 206 |
Net interest expense | ||||||||
68 | 66 | 64 | 72 | 88 | 54 | 60 | 41 | 52 |
Loss from derivative instruments | ||||||||
7 | 3 | 2 | 0 | 4 | 0 | 9 | 32 | 39 |
Foreign currency exchange results | ||||||||
-14 | 32 | -54 | -74 | -38 | -18 | -23 | 3 | -14 |
Other non-operating expenses, net | ||||||||
-0 | -2 | -0 | 0 | -0 | -2 | 3 | -23 | -1 |
Income (loss) before income taxes | ||||||||
182 | 138 | -28 | -76 | 96 | 160 | 160 | 109 | 99 |
Income tax expense | ||||||||
53 | 59 | 22 | 32 | 42 | 46 | 44 | 3 | 18 |
Net income (loss) | ||||||||
129 | 78 | -51 | -109 | 53 | 114 | 115 | 106 | 80 |
Less: Net income attributable to non-controlling interests | ||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net income (loss) attributable to Arcos Dorados Holdings Inc. | ||||||||
129 | 78 | -51 | -109 | 53 | 114 | 115 | 106 | 80 |
Earnings (loss) per share information: | ||||||||
Net income | ||||||||
129 | 78 | -51 | - | - | - | - | - | 80 |
Foreign currency translation (including $13,100 of income taxes in 2010) | ||||||||
- | - | - | - | - | - | - | - | -67 |
Unrealized net gains on cash flow hedges (net of $nil of income taxes) | ||||||||
- | - | - | - | - | - | - | - | 0 |
Unrealized net losses on cash flow hedges (net of $nil of income taxes) | ||||||||
- | - | - | - | - | - | - | - | 1 |
Realized net losses on cash flow hedges (net of $nil of income taxes) | ||||||||
- | - | - | - | - | - | - | - | -4 |
Comprehensive income | ||||||||
- | - | - | - | - | - | - | - | 16 |
Plus (Less): Comprehensive expense (income) attributable to non-controlling interests | ||||||||
- | - | - | - | - | - | - | - | 0 |
Comprehensive income attributable to Arcos Dorados Holdings Inc. | ||||||||
- | - | - | - | - | - | - | - | 16 |
Basic net income (loss) per common share attributable to Arcos Dorados Holdings Inc. (in dollars per share) | ||||||||
0.61 | 0.37 | -0.25 | -0.52 | 0.26 | 0.55 | 0.54 | 0.44 | 0.33 |
Diluted net income (loss) per common share attributable to Arcos Dorados Holdings Inc. (in dollars per share) | ||||||||
0.61 | 0.37 | -0.25 | -0.52 | 0.26 | 0.55 | 0.54 | 0.44 | 0.33 |