XML 29 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUES      
Sales by Company-operated restaurants $ 3,162,256 $ 2,803,334 $ 2,930,379
Revenues from franchised restaurants 157,269 125,296 122,361
Total revenues 3,319,525 2,928,630 3,052,740
Company-operated restaurant expenses:      
Food and paper (1,110,240) (1,012,976) (1,037,487)
Payroll and employee benefits (683,954) (607,082) (660,773)
Occupancy and other operating expenses (842,519) (752,428) (793,622)
Royalty fees (163,954) (142,777) (149,089)
Franchised restaurants – occupancy expenses (69,836) (55,098) (54,242)
General and administrative expenses (244,664) (221,075) (270,680)
Other operating income, net 68,577 41,386 6,560
Total operating costs and expenses (3,046,590) (2,750,050) (2,959,333)
Operating income 272,935 178,580 93,407
Net interest expense (68,357) (66,880) (64,407)
Loss from derivative instruments (7,065) (3,065) (2,894)
Foreign currency exchange results (14,265) 32,354 (54,032)
Other non-operating expenses, net (435) (2,360) (627)
Income (loss) before income taxes 182,813 138,629 (28,553)
Income tax expense (53,314) (59,641) (22,816)
Net income (loss) 129,499 78,988 (51,369)
Less: Net income attributable to non-controlling interests (333) (178) (264)
Net income (loss) attributable to Arcos Dorados Holdings Inc. $ 129,166 $ 78,810 $ (51,633)
Earnings (loss) per share information:      
Basic net income (loss) per common share attributable to Arcos Dorados Holdings Inc. (in dollars per share) $ 0.61 $ 0.37 $ (0.25)
Diluted net income (loss) per common share attributable to Arcos Dorados Holdings Inc. (in dollars per share) $ 0.61 $ 0.37 $ (0.25)