| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||||||||||||||
Net income | ||||||||||||||||||||||||
1,089,000 | 1,111,000 | 1,155,000 | 1,054,000 | 1,111,000 | 1,144,000 | 1,421,100 | 1,417,900 | 1,347,400 | 1,235,000 | 958,400 | 950,200 | 954,300 | 956,000 | 839,000 | 783,200 | 629,400 | 511,700 | -54,100 | -260,400 | -279,100 | -269,300 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by (used for) operating activities: | ||||||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||||||
183,000 | 185,000 | 181,000 | 179,000 | 180,000 | 180,000 | 185,100 | 186,300 | 185,600 | 182,000 | 177,900 | 175,000 | 173,300 | 172,000 | 173,200 | 173,000 | 175,300 | 182,000 | 157,900 | 131,300 | 101,200 | 68,800 | 0 | 0 | 0 |
Premiums paid and non-cash loss on early extinguishment of debt | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | -119,000 | 0 | 0 | 0 | - | - | - | - | -40,000 | 0 | 0 | 0 | - | - | - | - |
Amortization of Debt Issuance Costs and Discounts | ||||||||||||||||||||||||
28,000 | 29,000 | 29,000 | 30,000 | 29,000 | 29,000 | 29,800 | 30,300 | 31,500 | 33,000 | 35,100 | 36,400 | 37,800 | 39,000 | 39,000 | 38,900 | 37,600 | 34,900 | 39,500 | 45,400 | 52,300 | 60,200 | 0 | 0 | 0 |
(Income) loss from equity method investments | ||||||||||||||||||||||||
7,000 | 11,000 | 16,000 | 9,000 | 10,000 | 22,000 | 20,100 | 20,200 | 20,300 | 12,000 | 12,300 | 10,800 | 7,200 | 20,000 | 18,200 | 14,600 | 12,700 | -4,100 | -9,400 | -4,300 | -3,800 | -9,500 | 0 | 0 | 0 |
(Gain) loss on remeasurement of foreign denominated transactions | ||||||||||||||||||||||||
7,000 | 14,000 | 52,000 | 20,000 | 64,000 | 33,000 | 6,700 | -13,900 | -82,600 | -77,000 | -28,600 | -8,100 | 37,600 | 20,000 | -22,000 | -28,500 | -46,900 | -37,000 | -46,900 | -23,600 | -11,400 | 6,200 | 0 | 0 | 0 |
Net (gains) losses on derivatives | ||||||||||||||||||||||||
35,000 | 49,000 | 59,000 | 59,000 | 62,000 | 40,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Amortization of defined benefit pension and postretirement items | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Net losses on derivatives | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | -23,600 | - | -18,800 | -16,400 | -42,100 | -53,600 | -193,100 | -339,900 | -310,500 | -297,500 | 0 | 0 | 0 |
Share-based compensation expense | ||||||||||||||||||||||||
65,000 | 68,000 | 65,000 | 60,000 | 57,000 | 48,000 | 49,000 | 47,800 | 44,500 | 48,000 | 47,100 | 46,100 | 45,100 | 35,000 | 39,800 | 44,400 | 41,700 | 50,800 | 70,500 | 59,600 | 55,800 | 43,100 | 0 | 0 | 0 |
Net losses (gains) on refranchisings and dispositions of assets | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | 0 | 0 | 0 |
Bad debt expense (recoveries), net | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | 0 | 0 | 0 |
Acquisition accounting impact on cost of sales | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - |
Deferred income taxes | ||||||||||||||||||||||||
-11,000 | 58,000 | 7,000 | 110,000 | 86,000 | 29,000 | -732,900 | -822,400 | -776,300 | -742,000 | 0 | 0 | 0 | - | - | - | - | -32,300 | -117,600 | -150,200 | -101,600 | -61,900 | 0 | 0 | 0 |
Other | ||||||||||||||||||||||||
1,000 | -6,000 | 5,000 | 2,000 | -4,000 | -5,000 | -16,200 | -12,200 | -18,400 | -18,000 | -8,800 | -6,700 | 900 | -4,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Changes in current assets and liabilities, excluding acquisitions and dispositions: | ||||||||||||||||||||||||
Restricted cash and cash equivalents | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -79,200 | 0 | 0 | 0 | - | - | - | - |
Accounts and notes receivable | ||||||||||||||||||||||||
-27,000 | 53,000 | -13,000 | 33,000 | -18,000 | -19,000 | 31,300 | 21,400 | 62,800 | 30,000 | 35,700 | 10,000 | 2,000 | 16,000 | 41,900 | 65,000 | 45,700 | 26,500 | -900 | -24,000 | -15,900 | 24,500 | 0 | 0 | 0 |
Inventories and prepaids and other current assets | ||||||||||||||||||||||||
15,000 | 15,000 | 25,000 | 1,000 | 13,000 | 7,000 | -4,000 | -7,900 | -4,200 | -19,000 | 8,000 | -54,500 | -76,800 | 10,000 | -11,300 | 65,200 | 66,800 | -9,200 | 40,000 | 26,800 | 33,100 | 24,100 | 0 | 0 | 0 |
Accounts and drafts payable | ||||||||||||||||||||||||
45,000 | 112,000 | 50,000 | 12,000 | 45,000 | 41,000 | -16,800 | 8,400 | -97,900 | 14,000 | 11,000 | 3,200 | 60,900 | 16,000 | 64,200 | 159,300 | 160,800 | 191,200 | 119,100 | 29,800 | -3,400 | -17,900 | 0 | 0 | 0 |
Advertising fund restricted assets and fund liabilities | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Other accrued liabilities and gift card liability | ||||||||||||||||||||||||
8,000 | -51,000 | -20,000 | -38,000 | 29,000 | -219,000 | 237,400 | 177,200 | 68,600 | 360,000 | -138,600 | -147,700 | -87,200 | -1,000 | -139,800 | 1,800 | 49,700 | 56,200 | 207,300 | 155,200 | 131,800 | 123,100 | 0 | 0 | 0 |
Tenant inducements paid to franchisees | ||||||||||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Tenant inducements paid to franchisees | ||||||||||||||||||||||||
- | - | - | - | - | - | - | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Accrued advertising | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | 0 | 0 | 0 |
Other long-term assets and liabilities | ||||||||||||||||||||||||
-130,000 | -138,000 | -116,000 | -117,000 | -70,000 | -43,000 | -103,100 | -80,900 | -59,300 | -59,000 | 21,200 | 10,100 | -9,100 | -13,000 | -19,800 | -12,500 | 800 | 28,800 | 37,700 | 40,800 | 46,300 | 21,400 | 0 | 0 | 0 |
Net cash provided by (used for) operating activities | ||||||||||||||||||||||||
1,458,000 | 1,476,000 | 1,403,000 | 1,353,000 | 1,430,000 | 1,165,000 | 1,219,900 | 1,188,000 | 991,100 | 1,391,000 | 1,175,100 | 1,234,700 | 1,355,600 | 1,250,000 | 1,173,400 | 1,201,900 | 1,126,400 | 1,204,800 | 834,100 | 554,400 | 395,700 | 259,300 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||||||||||||||||||||
Payments for property and equipment | ||||||||||||||||||||||||
76,000 | 62,000 | 65,000 | 78,000 | 84,000 | 86,000 | 73,100 | 47,300 | 39,900 | 37,000 | 32,700 | 32,900 | 32,500 | 34,000 | 50,600 | 71,100 | 91,500 | 115,300 | 103,100 | 80,700 | 56,900 | 30,900 | 0 | 0 | 0 |
Net proceeds from disposal of assets, restaurant closures, and refranchisings | ||||||||||||||||||||||||
8,000 | 8,000 | 28,000 | 27,000 | 14,000 | 8,000 | 47,600 | 38,600 | 30,800 | 26,000 | -31,500 | -26,400 | -29,600 | -30,000 | -20,800 | -22,100 | -22,300 | -19,600 | -15,700 | -9,700 | -1,200 | 7,800 | 0 | 0 | 0 |
Settlement/sale of derivatives, net | ||||||||||||||||||||||||
0 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net payment for purchase of Popeyes, net of cash acquired | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 1,636,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Return of investment on direct financing leases | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 16,300 | 16,700 | 17,000 | 17,000 | 16,700 | 16,400 | 16,400 | 16,300 | 16,000 | 15,800 | 15,600 | 15,500 | 0 | 0 | 0 |
Settlement/sale of derivatives, net | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | -769,800 | -772,000 | -777,900 | -781,500 | -17,300 | -11,000 | -7,300 | -4,200 | 39,000 | -14,200 | 0 | 0 | 0 | - | - | - | - |
Other investing activities, net | ||||||||||||||||||||||||
1,000 | 0 | -5,000 | -8,000 | -14,000 | -17,000 | -31,300 | -25,700 | -21,800 | -17,000 | 1,300 | -1,500 | 0 | -3,000 | -3,600 | -3,200 | -4,400 | -3,700 | 1,700 | 1,400 | 2,300 | 4,000 | 0 | 0 | 0 |
Net cash provided by (used for) investing activities | ||||||||||||||||||||||||
-44,000 | -30,000 | -9,000 | -22,000 | -35,000 | -44,000 | -34,100 | 900 | 768,700 | -858,000 | -844,200 | -842,700 | -1,604,500 | 27,000 | -2,200 | -25,200 | -87,400 | -61,500 | -7,821,000 | -7,808,700 | -7,753,900 | -7,790,800 | 0 | 0 | 0 |
Proceeds from issuance of long-term debt | ||||||||||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | 5,850,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Repayments of long-term debt and finance leases | ||||||||||||||||||||||||
2,268,000 | 2,266,000 | 298,000 | 79,000 | 75,000 | 74,000 | 1,118,000 | 2,407,300 | 2,444,100 | 2,742,000 | 1,707,300 | 413,100 | 372,700 | 70,000 | 69,900 | 70,000 | 1,624,400 | 2,627,800 | 5,655,300 | 5,656,100 | 4,103,500 | 3,102,000 | 0 | 0 | 0 |
Payment of financing costs | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 63,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Payment of dividends on common shares and distributions on Partnership exchangeable units | ||||||||||||||||||||||||
926,000 | 901,000 | 880,000 | 858,000 | 838,000 | 728,000 | 729,100 | 674,400 | 615,100 | 664,000 | 593,000 | 574,400 | 555,600 | 538,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Repurchase of Partnership exchangeable units | ||||||||||||||||||||||||
- | - | - | - | - | 561,000 | 390,000 | 390,000 | 364,000 | 330,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Dividends paid on common stock | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Proceeds from stock option exercises | ||||||||||||||||||||||||
90,000 | 102,000 | 107,000 | 112,000 | 78,000 | 61,000 | 64,500 | 45,700 | 46,000 | 29,000 | 19,000 | 15,600 | 15,500 | 14,000 | 13,900 | 12,100 | 9,100 | 3,000 | 0 | 0 | 0 | - | - | - | - |
Proceeds from derivatives | ||||||||||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of shares | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - |
Other financing activities, net | ||||||||||||||||||||||||
-2,000 | 0 | 4,000 | 17,000 | 6,000 | 5,000 | -2,800 | -9,700 | -8,900 | -10,000 | -12,000 | -8,400 | -9,200 | -5,000 | 1,200 | -1,700 | -1,800 | -3,500 | 0 | 0 | 0 | - | - | - | - |
Net cash (used for) provided by financing activities | ||||||||||||||||||||||||
195,000 | -842,000 | -802,000 | -1,297,000 | -1,339,000 | -1,285,000 | -3,687,400 | -3,657,700 | -1,873,300 | -936,000 | 2,007,700 | 2,030,700 | 354,200 | -591,000 | -870,600 | -853,000 | -1,234,400 | -2,115,200 | 7,019,100 | 7,108,000 | 7,592,600 | 8,565,600 | 0 | 0 | 0 |
Effect of exchange rates on cash and cash equivalents | ||||||||||||||||||||||||
-13,000 | 16,000 | -3,000 | 7,000 | -6,000 | -20,000 | -8,700 | -4,300 | 12,700 | 24,000 | 6,100 | 5,100 | -12,600 | -2,000 | -1,700 | -14,500 | -600 | -73,500 | -70,400 | -69,500 | -75,600 | -17,800 | 0 | 0 | 0 |
Increase (decrease) in cash and cash equivalents | ||||||||||||||||||||||||
1,596,000 | 620,000 | 589,000 | 41,000 | 50,000 | -184,000 | -2,510,300 | -2,473,100 | -100,800 | -379,000 | 2,344,700 | 2,427,800 | 92,700 | 684,000 | 298,900 | 309,200 | -196,000 | -1,045,400 | -38,200 | -215,800 | 158,800 | 1,016,300 | 0 | 0 | 0 |
Supplemental cash flow disclosures: | ||||||||||||||||||||||||
Interest paid | ||||||||||||||||||||||||
548,000 | 584,000 | 583,000 | 579,000 | 572,000 | 561,000 | 517,800 | 515,400 | 495,900 | 447,000 | 461,300 | 412,900 | 404,700 | 407,000 | 408,400 | 383,200 | 402,200 | 408,300 | 403,300 | 356,700 | 274,000 | 199,900 | 0 | 0 | 0 |
Income taxes paid | ||||||||||||||||||||||||
251,000 | 248,000 | 230,000 | 186,000 | 174,000 | 433,000 | 384,700 | 457,100 | 479,900 | 200,000 | 255,000 | 199,300 | 135,500 | 159,000 | 209,800 | 205,300 | 213,000 | 208,300 | 98,500 | 95,800 | 66,800 | 35,200 | 0 | 0 | 0 |
Non-cash investing and financing activities: | ||||||||||||||||||||||||
Acquisition of property with capital lease obligations | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 28,800 | 17,100 | 17,600 | 16,700 | 0 | 0 | 0 | - | - | - | - |