ARCO FY 2022 Earnings Report — Arcos Dorados Holdings Inc. Revenue & Financial Results | Market Cap Arena

Arcos Dorados Holdings Inc.ARCO

FY 2022 Earnings

Reported April 28, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$3.6B	—	$2.7B	—	36.1%
Op. Income	$264M	—	$140M	—	89.5%
Gross Margin	13.6%	—	12.2%	—	1.4pp
Net Margin	3.9%	—	1.7%	—	2.2pp
EPS (Diluted)	$0.67	—	$0.22	—	204.5%
Free Cash Flow	$128M	—	$143M	—	-10.3%

Revenue Flow

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$3.1B
GROSS PROFIT	$493M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$233M
SG&A Expenses	$239M
Other Expenses	-$11M
Operating Expenses	$228M
Cost & Expenses	$3.4B
OPERATING INCOME	$264M
Interest Income	$0
Interest Expense	$44M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$226M
Income Tax Expense	$85M
Net Income from Continuing Ops	$141M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$140M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$140M
D&A	$120M
EBIT	$264M
EBITDA	$384M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$3.1B
GROSS PROFIT	$493M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$233M
SG&A Expenses	$239M
Other Expenses	-$11M
Operating Expenses	$228M
Cost & Expenses	$3.4B
OPERATING INCOME	$264M
Interest Income	$0
Interest Expense	$44M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$226M
Income Tax Expense	$85M
Net Income from Continuing Ops	$141M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$140M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$140M
D&A	$120M
EBIT	$264M
EBITDA	$384M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$140M
Depreciation & Amortization	$120M
Stock-Based Compensation	$6M
Deferred Income Tax	-$15M
Other Non-Cash Items	$10M
Change in Working Capital	$84M
OPERATING CASH FLOW	$345M
Capital Expenditure	-$217M
Acquisitions (Net)	-$5M
Purchases of Investments	-$41M
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$260M
Net Debt Issuance	-$21M
Common Stock Repurchased	-$12M
Common Dividends Paid	-$32M
Other Financing Activities	-$345M
NET CASH FROM FINANCING	-$60M
FREE CASH FLOW	$128M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$267M
Short-Term Investments	$37M
Net Receivables	$151M
Inventory	$50M
Other Current Assets	$78M
TOTAL CURRENT ASSETS	$684M
PP&E (Net)	$1.7B
Goodwill	$7M
Intangible Assets	$47M
Long-Term Investments	$15M
Tax Assets	$88M
Other Non-Current Assets	$114M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.6B
Account Payables	$353M
Short-Term Debt	$19M
Deferred Revenue	$0
Other Current Liabilities	$117M
TOTAL CURRENT LIABILITIES	$759M
Long-Term Debt	$712M
Deferred Revenue NC	$11M
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$78M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$2.3B
Common Stock	$522M
Additional Paid-In Capital	$9M
Retained Earnings	$425M
Treasury Stock	-$19M
Accum. Other Comp. Income	-$613M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$324M
Minority Interest	$804.0K
TOTAL EQUITY	$324M
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$1.6B
Net Debt	$1.3B