7Baggers
Quarterly
Annual
    Unit: USD2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 
      
    		                                    
      cash flows from operating activities:
    		                                    
      net income
    		726,000,000 364,000,000 351,000,000 277,000,000 336,000,000 530,000,000 346,000,000 270,000,000 262,000,000 329,000,000 391,000,000 271,000,000 139,000,000 223,000,000 164,000,000 224,000,000 257,000,000 351,000,000 257,000,000 246,000,000 301,200,000 249,800,000 314,200,000 278,800,000 578,400,000 246,800,000 243,500,000 166,600,000 301,400,000 238,600,000 247,600,000 168,300,000 184,500,000 183,400,000 92,900,000 50,900,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                    
      depreciation and amortization
    		49,000,000 47,000,000 49,000,000 46,000,000 47,000,000 46,000,000 48,000,000 49,000,000 51,000,000 50,000,000 51,000,000 49,000,000 50,000,000 48,000,000 46,000,000 45,000,000 46,000,000 47,000,000 45,000,000 47,000,000 42,500,000 44,900,000 45,600,000 47,000,000 46,200,000 46,200,000 45,300,000 43,400,000 43,100,000 43,300,000 43,600,000 42,100,000 44,200,000 35,700,000 51,200,000 50,900,000 
      premiums paid and non-cash loss on early extinguishment of debt
    		        0                43,200,000            
      amortization of deferred financing costs and debt issuance discount
    		6,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 7,000,000 6,000,000 7,000,000 7,000,000 7,000,000 6,000,000 6,000,000 7,000,000 7,000,000 8,000,000 7,000,000 7,100,000 7,400,000 7,300,000 7,200,000 7,500,000 8,500,000 8,200,000 8,500,000 9,800,000 9,800,000 9,600,000 9,700,000 9,900,000 9,700,000 8,300,000 7,000,000 
      (income) income from equity method investments
    		-27,000,000 1,000,000 11,000,000 7,000,000 14,000,000 8,000,000 9,000,000 13,000,000 -8,000,000 7,000,000 3,000,000 2,000,000 3,000,000 18,000,000 16,000,000 2,000,000 0   -2,000,000 -5,100,000 -3,800,000 1,200,000 -14,300,000 -3,500,000 -4,100,000 900,000 -5,700,000 -3,600,000 -2,600,000 4,500,000 -18,500,000 -1,600,000 3,200,000 5,300,000 -2,800,000 
      gain on remeasurement of foreign denominated transactions
    		                   -15,000,000 -13,700,000 -3,100,000 -32,600,000 16,400,000 12,600,000 17,600,000 36,700,000 10,400,000 -36,200,000 -2,900,000 -9,000,000 28,000,000 5,900,000 3,600,000 9,400,000 18,100,000 
      net (gains) losses on derivatives
    		-40,000,000 -39,000,000 -38,000,000 -34,000,000 -26,000,000 -10,000,000 9,000,000 18,000,000 22,000,000 23,000,000 22,000,000 20,000,000 18,000,000 15,000,000 5,000,000 -6,000,000 -6,000,000 -9,000,000 -14,000,000 -20,000,000 -15,600,000 -9,600,000               
      share-based compensation and non-cash incentive compensation expense
    		53,000,000 49,000,000 47,000,000 45,000,000 43,000,000 34,000,000 32,000,000 27,000,000                             
      deferred income taxes
    		-383,000,000 -7,000,000 -12,000,000 -28,000,000 -31,000,000   -16,000,000 -40,000,000 11,000,000 10,000,000 14,000,000 -88,000,000 11,000,000 -100,000,000 -31,000,000 74,000,000 -39,000,000 -15,000,000 38,000,000 22,900,000 64,200,000 -39,100,000 -19,000,000 -739,300,000 -25,500,000 7,100,000 15,300,000 45,500,000 24,100,000   82,500,000 -22,300,000 -54,500,000 -38,000,000 
      other
    		7,000,000 25,000,000 -7,000,000 1,000,000 11,000,000 6,000,000 -7,000,000 9,000,000 -2,000,000 -2,000,000 -4,000,000 -8,000,000 5,000,000 3,000,000 24,000,000 -4,000,000 5,000,000 4,000,000 -6,000,000 3,000,000 -6,100,000 6,800,000 600,000 3,700,000 5,200,000 3,000,000 6,200,000 3,600,000         
      changes in current assets and liabilities, excluding acquisitions and dispositions:
    		                                    
      accounts and notes receivable
    		-61,000,000 -57,000,000 -21,000,000 -8,000,000 -17,000,000 -97,000,000 50,000,000 -46,000,000 -3,000,000 -6,000,000 -7,000,000 24,000,000 53,000,000 -47,000,000 -130,000,000 94,000,000 -46,000,000 9,000,000 -30,000,000 14,000,000 19,300,000 -36,500,000 20,800,000 15,400,000 -30,700,000 -27,100,000 -20,400,000 47,800,000         
      inventories and prepaids and other current assets
    		6,000,000 -4,000,000 -25,000,000 -20,000,000 6,000,000 -40,000,000 -5,000,000 -22,000,000 15,000,000 2,000,000 -1,000,000 -4,000,000 11,000,000 7,000,000 -15,000,000 -13,000,000 19,000,000 -24,000,000 3,000,000 -13,000,000 9,300,000 -700,000 -8,600,000 -7,000,000 15,400,000 -1,400,000 -2,700,000 -8,400,000         
      accounts and drafts payable
    		84,000,000 -31,000,000 50,000,000 -81,000,000 56,000,000 14,000,000 81,000,000 18,000,000 20,000,000 26,000,000 84,000,000 19,000,000 -73,000,000 48,000,000 -22,000,000 -136,000,000 127,000,000 25,000,000 29,000,000 -69,000,000 65,000,000 -12,600,000 61,400,000 -72,800,000 50,300,000 -20,900,000 -24,100,000 14,600,000 15,700,000 4,400,000 13,400,000 -6,000,000 52,400,000 99,500,000 14,900,000 24,400,000 
      other accrued liabilities and gift card liability
    		71,000,000 73,000,000 -12,000,000 -123,000,000 111,000,000 125,000,000 -108,000,000 -91,000,000 145,000,000 45,000,000 -10,000,000 -113,000,000 28,000,000 1,000,000 54,000,000 -67,000,000 34,000,000 81,000,000 -40,000,000 -126,000,000 64,600,000 63,800,000 27,300,000 -374,700,000 521,500,000 2,800,000 -81,600,000 -82,600,000         
      tenant inducements paid to franchisees
    		-17,000,000 -6,000,000 -3,000,000 -6,000,000 -13,000,000 -7,000,000 -4,000,000 -2,000,000 -15,000,000 -4,000,000   -15,000,000 -2,000,000 -2,000,000 -3,000,000 -41,000,000 -5,000,000                   
      other long-term assets and liabilities
    		-102,000,000   4,000,000 -199,000,000 -159,000,000 -8,000,000 21,000,000 -5,000,000 12,000,000 -91,000,000 6,000,000 13,000,000 20,000,000 -24,000,000 14,000,000 41,000,000 14,000,000 61,000,000 22,000,000 43,800,000 2,400,000 3,700,000 -6,900,000 60,300,000 -7,200,000 -7,600,000 -5,300,000 -19,800,000 3,900,000 11,600,000 -1,400,000 5,700,000 -9,000,000 -1,000,000 -24,500,000 
      net cash from operating activities
    		403,000,000 433,000,000 392,000,000 95,000,000 423,000,000 398,000,000 435,000,000 234,000,000 471,000,000 510,000,000 479,000,000 266,000,000 313,000,000 412,000,000 60,000,000 136,000,000 565,000,000 436,000,000 321,000,000 154,000,000 491,900,000 385,700,000 398,400,000 -111,000,000 568,500,000 332,500,000 205,400,000 275,600,000 350,000,000 413,700,000 322,000,000 183,300,000 254,400,000 442,200,000 246,500,000 261,700,000 
      capex
    		-47,000,000 -25,000,000 -30,000,000 -18,000,000 -48,000,000 -24,000,000 -18,000,000 -10,000,000 -36,000,000 -24,000,000 -31,000,000 -15,000,000 -46,000,000 -32,000,000 -20,000,000 -19,000,000 -30,000,000 -18,000,000 -9,000,000 -5,000,000 -32,700,000 -31,700,000 -14,600,000 -7,000,000 -19,800,000 -5,200,000 -7,600,000 -4,100,000 -15,500,000 -5,400,000 -7,200,000 -5,600,000 -32,400,000 -25,900,000 -27,600,000 -29,400,000 
      free cash flows
    		356,000,000 408,000,000 362,000,000 77,000,000 375,000,000 374,000,000 417,000,000 224,000,000 435,000,000 486,000,000 448,000,000 251,000,000 267,000,000 380,000,000 40,000,000 117,000,000 535,000,000 418,000,000 312,000,000 149,000,000 459,200,000 354,000,000 383,800,000 -118,000,000 548,700,000 327,300,000 197,800,000 271,500,000 334,500,000 408,300,000 314,800,000 177,700,000 222,000,000 416,300,000 218,900,000 232,300,000 
      cash flows from investing activities:
    		                                    
      payments for property and equipment
    		-47,000,000 -25,000,000 -30,000,000 -18,000,000 -48,000,000 -24,000,000 -18,000,000 -10,000,000 -36,000,000 -24,000,000 -31,000,000 -15,000,000 -46,000,000 -32,000,000 -20,000,000 -19,000,000 -30,000,000 -18,000,000 -9,000,000 -5,000,000 -32,700,000 -31,700,000 -14,600,000 -7,000,000 -19,800,000 -5,200,000 -7,600,000 -4,100,000 -15,500,000 -5,400,000 -7,200,000 -5,600,000 -32,400,000 -25,900,000 -27,600,000 -29,400,000 
      net proceeds from disposal of assets, restaurant closures and refranchisings
    		                                    
      net payment for purchase of firehouse subs, net of cash acquired
    		                                    
      settlement/sale of derivatives
    		72,000,000 12,000,000 14,000,000 14,000,000 49,000,000 13,000,000 6,000,000 3,000,000 3,000,000 1,000,000 -1,000,000 2,000,000 4,000,000 7,000,000 10,000,000 12,000,000 7,000,000 2,000,000 4,000,000 11,000,000 5,800,000 0 8,200,000 3,000,000 500,000 -200,000 766,800,000 5,200,000         
      other investing activities
    		-17,000,000 0   0 -10,000,000 -29,000,000 4,000,000 1,000,000 -10,000,000 0 -5,000,000        1,000,000 700,000 100,000 100,000 100,000 2,800,000 -2,600,000 1,100,000 -800,000 1,000,000 200,000 -400,000 2,200,000 1,600,000 -200,000 800,000 1,500,000 
      net cash from investing activities
    		22,000,000 -3,000,000   2,000,000 -20,000,000 -47,000,000 1,000,000 -1,034,000,000 -33,000,000 -29,000,000 -7,000,000 -46,000,000 -21,000,000 -9,000,000 -3,000,000 -37,000,000 -16,000,000 12,000,000 11,000,000 -16,300,000 -29,200,000 -400,000 1,900,000 -5,900,000 6,000,000 766,800,000 -1,624,700,000 7,600,000 7,500,000 5,000,000 6,800,000 -21,500,000 -15,500,000 -57,200,000 32,700,000 
      cash flows from financing activities:
    		                                    
      proceeds from long-term debt
    		0 53,000,000    0 1,000,000 1,000,000                             
      repayments of long-term debt and finance leases
    		-13,000,000 -11,000,000 -36,000,000 -32,000,000  -24,000,000 -26,000,000 -21,000,000        -25,000,000 -1,976,000,000 -242,000,000 -25,000,000 -23,000,000                 
      payment of financing costs
    		-1,000,000        -12,000,000    -33,000,000 0   -37,000,000        -5,900,000 -10,000,000 -15,200,000 -31,800,000     0 0   
      payment of dividends on common shares and distributions on partnership exchangeable units
    		-249,000,000 -249,000,000 -249,000,000 -243,000,000 -243,000,000 -243,000,000 -244,000,000 -241,000,000 -244,000,000 -246,000,000 -245,000,000 -239,000,000 -243,000,000 0 -484,000,000 -232,000,000  -232,000,000 -230,000,000 -207,000,000                 
      repurchase of common shares
    		-385,000,000    0 0 -165,000,000 -161,000,000 -369,000,000                            
      proceeds from stock option exercises
    		8,000,000 3,000,000 43,000,000 6,000,000 14,000,000 3,000,000 1,000,000 3,000,000 0 4,000,000 36,000,000 20,000,000 22,000,000 19,000,000 11,000,000 30,000,000 3,000,000 19,000,000 38,000,000 42,000,000 8,100,000 23,900,000 3,800,000 25,200,000 11,200,000 5,200,000 4,300,000 8,000,000  1,800,000 4,200,000 6,500,000  0 1,200,000 400,000 
      proceeds from issuance of common shares
    		                                    
      proceeds (payments) from derivatives
    		                                    
      other financing activities
    		-1,000,000 -1,000,000   0 -1,000,000 -1,000,000 -1,000,000 -1,000,000 -1,000,000 -3,000,000 1,000,000 -1,000,000 1,000,000 -1,000,000 -1,000,000   4,000,000 6,000,000 3,700,000 3,100,000 -1,200,000 -600,000 -3,900,000 -3,900,000 -1,200,000 -1,100,000 -6,200,000 -300,000 -2,000,000 3,100,000 -1,700,000 -3,200,000 -2,100,000 1,400,000 
      net cash from financing activities
    		-600,000,000 -326,000,000 -208,000,000 -240,000,000 -196,000,000 -251,000,000 -434,000,000 -426,000,000 -123,000,000 -454,000,000 -255,000,000 -261,000,000 -639,000,000 -21,000,000 -1,016,000,000 855,000,000 -736,000,000 289,000,000 -213,000,000 -182,000,000 -696,100,000 -205,700,000 -255,600,000 -127,600,000 -3,097,600,000 -176,300,000 1,529,400,000 809,300,000 -154,600,000 -153,300,000 -147,100,000 -135,900,000 -434,300,000 -135,700,000 -528,500,000 -1,016,700,000 
      effect of exchange rates on cash and cash equivalents
    		4,000,000 -7,000,000   3,000,000 -19,000,000 -11,000,000 -1,000,000 0 -12,000,000 4,000,000 5,000,000 13,000,000 9,000,000 7,000,000 -23,000,000 9,000,000 -5,000,000 6,000,000 6,000,000 -9,600,000 5,200,000 -7,300,000 -8,300,000 1,300,000 9,400,000 10,000,000 3,300,000 -17,000,000 8,400,000 -7,700,000 13,900,000 -16,300,000 -4,400,000 6,200,000 -59,000,000 
      increase in cash and cash equivalents
    		-171,000,000 97,000,000 180,000,000 -145,000,000 232,000,000 108,000,000 -57,000,000 -192,000,000 -686,000,000 11,000,000 199,000,000 3,000,000 -359,000,000 379,000,000 -958,000,000 965,000,000 -199,000,000 704,000,000 126,000,000 -11,000,000 -230,100,000 156,000,000 135,100,000 -245,000,000 -2,533,700,000 171,600,000 2,511,600,000 -536,500,000 186,000,000 276,300,000 172,200,000 68,100,000 -217,700,000 286,600,000 -333,000,000 -781,300,000 
      cash and cash equivalents at beginning of period
    		0 0 0 1,178,000,000 0 0 0 1,087,000,000 0 0 0 1,560,000,000 0 0 0 1,533,000,000 0 0 0 913,000,000 -400,000 0 0 1,097,400,000 0 0 0 1,460,400,000 0 0 0 757,800,000 0 0 0 1,803,200,000 
      cash and cash equivalents at end of period
    		-171,000,000 97,000,000 180,000,000 1,033,000,000 232,000,000 108,000,000 -57,000,000 895,000,000 -686,000,000 11,000,000 199,000,000 1,563,000,000 -359,000,000 379,000,000 -958,000,000 2,498,000,000 -199,000,000 704,000,000 126,000,000 902,000,000 -230,500,000 156,000,000 135,100,000 852,400,000 -2,533,700,000 171,600,000 2,511,600,000 923,900,000 186,000,000 276,300,000 172,200,000 825,900,000 -217,700,000 286,600,000 -333,000,000 1,021,900,000 
      supplemental cash flow disclosures:
    		                                    
      interest paid
    		217,000,000 164,000,000 217,000,000 163,000,000 169,000,000 109,000,000 134,000,000 75,000,000 123,000,000 83,000,000 126,000,000 72,000,000 148,000,000 81,000,000 130,000,000 104,000,000 151,000,000 141,000,000 152,000,000 140,000,000 150,500,000 136,900,000 144,700,000 128,900,000 107,000,000 134,600,000 125,500,000 80,100,000 121,200,000 86,200,000 117,300,000 82,400,000 122,500,000 61,000,000 136,300,000 88,500,000 
      income taxes paid
    		106,000,000 38,000,000 85,000,000 61,000,000 98,000,000 57,000,000 78,000,000 42,000,000 67,000,000 47,000,000 46,000,000 96,000,000 104,000,000 103,000,000 12,000,000 48,000,000 77,000,000 44,000,000 82,000,000 45,000,000 59,200,000 -200,000 70,000,000 304,000,000 10,900,000 72,400,000 92,800,000 24,100,000 66,000,000 16,700,000 29,000,000 47,600,000 116,500,000 12,200,000 36,700,000 42,900,000 
      non-cash loss on early extinguishment of debt
    		                                    
      (gain) loss on remeasurement of foreign denominated transactions
    		 -18,000,000 -1,000,000 8,000,000  -30,000,000 -31,000,000 -21,000,000  -23,000,000 8,000,000 -43,000,000  44,000,000 18,000,000 -8,000,000  -35,000,000                   
      net proceeds from disposal of assets, restaurant closures, and refranchisings
    		 10,000,000 9,000,000 4,000,000  1,000,000 6,000,000 4,000,000  0 3,000,000 11,000,000  4,000,000 1,000,000 4,000,000  0 18,000,000 4,000,000                 
      net payments in connection with purchase of firehouse subs
    		     0                               
      (payments) proceeds from derivatives
    		 37,000,000 34,000,000 29,000,000 26,000,000 14,000,000 0 -6,000,000 -6,000,000 -13,000,000 -16,000,000 -16,000,000 -17,000,000 -15,000,000 -12,000,000 -2,000,000                     
      proceeds from revolving line of credit and long-term debt
    		        533,000,000     0 500,000,000 1,085,000,000                     
      repayments of revolving line of credit, long-term debt and finance leases
    		        -24,000,000 -811,000,000 -27,000,000 -27,000,000  -26,000,000                       
      repurchase of partnership exchangeable units
    		                                    
      share-based compensation expense
    		         22,000,000 18,000,000 22,000,000 19,000,000 16,000,000 20,000,000 19,000,000 12,000,000 17,000,000 17,000,000 22,000,000 8,700,000 12,700,000 13,300,000 13,300,000 10,300,000 10,800,000 10,700,000 16,500,000 9,200,000 9,800,000 9,700,000 6,400,000 13,900,000 14,400,000 7,000,000 15,500,000 
      proceeds from issuance of long-term debt
    		                1,500,000,000        1,500,000,000 1,300,000,000 1,750,000,000 1,300,000,000         
      net payment for purchase of popeyes, net of cash acquired
    		                        0 0 0 -1,635,900,000         
      payments in connection with redemption of preferred shares
    		                    100,000 0 -26,500,000 -33,600,000             
      payment of dividends on common and preferred shares and distributions on partnership exchangeable units
    		                    -210,900,000 -210,100,000 -210,100,000 -96,900,000 -211,600,000 -155,300,000 -150,700,000 -145,900,000         
      proceeds from derivatives
    		                6,000,000                    
      proceeds from disposal of assets, restaurant closures and refranchisings
    		                                    
      return of investment on direct financing leases
    		                    3,700,000 4,000,000 4,100,000 4,200,000 4,100,000 4,000,000 3,700,000 4,100,000 4,100,000 4,400,000 4,000,000 4,100,000 4,200,000 4,100,000 4,000,000 4,000,000 
      repayments of long-term debt and capital leases
    		                    -8,100,000 -22,600,000 -21,600,000 -21,700,000 -1,051,500,000 -1,312,300,000 -57,800,000 -319,900,000         
      excess tax benefits from share-based compensation
    		                                    
      supplemental cashflow disclosures:
    		                                    
      proceeds from disposal of assets, restaurant closures, and refranchisings
    		                      1,800,000 1,600,000  10,000,000 2,800,000 6,800,000         
      net incomees on derivatives
    		                       1,900,000 7,900,000 8,200,000 9,100,000 5,800,000         
      restricted cash and cash equivalents
    		                                    
      advertising fund restricted assets and fund liabilities
    		                        -16,800,000 16,800,000 -25,900,000 27,200,000         
      redemption of preferred shares
    		                                    
      non-cash investing and financing activities:
    		                                    
      acquisition of property with capital lease obligations
    		                        13,100,000 5,300,000 4,000,000 13,700,000 9,600,000 14,200,000 2,900,000 5,400,000 6,300,000 2,500,000 3,400,000 4,500,000 
      non-cash loss on extinguishment of debt
    		                           17,900,000         
      loss on early extinguishment of debt
    		                                    
      proceeds (payments) from disposal of assets, restaurant closures and refranchisings
    		                                    
      net payment for purchase of tim hortons, net of cash acquired
    		                                    
      proceeds from issuance of preferred shares
    		                                    
      proceeds from stock option/warrant exercises
    		                                    
      (gain) loss on early extinguishment of debt
    		                                 400,000 39,900,000 -300,000 
      amortization of defined benefit pension and postretirement items
    		                             -700,000 -600,000 -600,000     
      net incomees (gains) on derivatives
    		                             5,900,000 5,900,000 3,500,000 3,500,000 3,500,000 31,600,000 15,000,000 
      net incomees (gains) on refranchisings and dispositions of assets
    		                             1,000,000 -400,000 9,400,000 11,200,000 -5,200,000 -1,800,000 1,200,000 
      bad debt expense (recoveries)
    		                             600,000 -400,000 -300,000 3,200,000 200,000 -1,500,000 2,200,000 
      acquisition accounting impact on cost of sales
    		                                0 -300,000   
      reclassification of restricted cash to cash and cash equivalents
    		                                 0 0 79,200,000 
      trade and notes receivable
    		                             -1,400,000 -12,400,000 33,800,000 -61,900,000 -24,500,000 4,300,000 55,600,000 
      inventories and other current assets
    		                             66,400,000 9,600,000 -79,000,000 14,300,000 -10,100,000 8,000,000 -3,000,000 
      accrued advertising
    		                             19,800,000 -100,000 -15,700,000 3,100,000 23,600,000 6,400,000 -200,000 
      other accrued liabilities
    		                             -6,300,000 -21,100,000 3,600,000 -116,000,000 136,300,000 30,100,000 5,800,000 
      proceeds from refranchisings, disposition of assets and restaurant closures
    		                             4,900,000 6,000,000 7,200,000     
      settlement of derivatives
    		                             3,400,000 2,600,000 -1,100,000  300,000 -40,600,000 52,100,000 
      proceeds from senior notes
    		                                0 0   
      repayments of term debt, tim hortons notes and capital leases
    		                             -18,100,000 -17,400,000 -17,200,000  -18,200,000 -1,571,800,000 -1,020,600,000 
      dividends paid on common shares and preferred shares
    		                             -136,700,000 -131,900,000 -128,300,000 -123,600,000 -114,300,000   
      proceeds from issuance of shares
    		                                0 0 0 2,100,000 
      proceeds (payments) from refranchisings, disposition of assets and restaurant closures
    		                                2,700,000 6,200,000 6,200,000 4,500,000 
      net payments for acquired and disposed franchisee operations, net of cash acquired
    		                                    
      proceeds from term debt
    		                                    
      repayments of term debt, senior notes, discount notes and capital leases
    		                                    
      repurchases of common stock
    		                                    
      investments in unconsolidated affiliates
    		                                    
      amortization of cost of sales step-up
    		                                   4,700,000 
      dividends paid on common stock
    		                                    
      amortization of inventory step-up
    		                                    
      (payments) proceeds from refranchisings, disposition of assets and restaurant closures
    		                                    
      net investment in direct financing leases
    		                                    
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.