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Segment and geographic information
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment and geographic information Segment and geographic information
     The Company is required to report information about operating segments in annual financial statements and interim financial reports issued to shareholders in accordance with ASC 280. Operating segments are components of a company about which separate financial information is available that is regularly evaluated by the chief operating decision maker(s) in deciding how to allocate resources and assess performance. ASC 280 also requires disclosures about the Company’s products and services, geographic areas and major customers.
 
As discussed in Note 1, the Company through its wholly-owned and majority-owned subsidiaries operates and franchises McDonald’s restaurants in the food service industry. The Company has determined that its reportable segments are those that are based on the Company’s method of internal reporting. The Company manages its business as distinct geographic segments. As of September 30, 2021, its operations were divided into four geographic divisions, which were as follows: (i) Brazil; (ii) the Caribbean division, consisting of Aruba, Curaçao, Colombia, French Guyana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the U.S. Virgin Islands of St. Croix and St. Thomas and Venezuela; (iii) the North Latin America division (“NOLAD”), consisting of Costa Rica, Mexico and Panama; and (iv) the South Latin America division (“SLAD”), consisting of Argentina, Chile, Ecuador, Peru and Uruguay. Effective October 1, 2021, the Company made certain changes in its internal management structure in order to gain operational agility. As a consequence, the Company reorganized its operation into three geographic divisions, as follows: (i) Brazil, (ii) the North Latin American division, or “NOLAD,” which is now comprised of Costa Rica, Mexico, Panama, Puerto Rico, Martinique, Guadeloupe, French Guyana and the U.S. Virgin Islands of St. Croix and St. Thomas and (iii) the South Latin American division, or “SLAD,” which is now comprised of Argentina, Chile, Ecuador, Peru, Uruguay, Colombia, Venezuela, Trinidad and Tobago, Aruba and Curaçao. The accounting policies of the segments are the same as those described in Note 3.
 
The following table presents information about profit or loss and assets for each reportable segment: 
 For the fiscal years ended December 31,
 202120202019
Revenues:   
Brazil$1,002,781 $862,748 $1,385,566 
NOLAD780,866 584,646 676,382 
SLAD876,294 536,825 897,129 
Total revenues$2,659,941 $1,984,219 $2,959,077 
Adjusted EBITDA:   
Brazil$175,603 $76,155 $227,844 
NOLAD85,323 41,496 64,059 
SLAD77,573 830 63,043 
Total reportable segments338,499 118,481 354,946 
Corporate and others (i)(66,741)(50,370)(63,171)
Total adjusted EBITDA$271,758 $68,111 $291,775 
 For the fiscal years ended December 31,
 202120202019
Adjusted EBITDA reconciliation:   
Total Adjusted EBITDA$271,758 $68,111 $291,775 
(Less) Plus items excluded from computation that affect operating income (loss):   
Depreciation and amortization(120,394)(126,853)(123,218)
Gains from sale, insurance recovery and contribution in equity method investment of property and equipment
4,876 4,210 5,175 
Write-offs of property and equipment(3,094)(4,501)(4,733)
Impairment of long-lived assets(1,573)(6,636)(8,790)
Impairment of goodwill— (1,085)(273)
Reorganization and optimization plan expenses(12,054)— — 
Operating income (loss)139,519 (66,754)159,936 
(Less) Plus:   
Net interest expense(49,546)(59,068)(52,079)
(Loss) gain from derivative instruments(5,183)(2,297)439 
Gain from securities— 25,676 — 
Foreign currency exchange results(9,189)(31,707)12,754 
Other non-operating income (expenses), net2,185 2,296 (2,097)
Income tax expense(31,933)(17,532)(38,837)
Net income attributable to non-controlling interests(367)(65)(220)
Net income (loss) attributable to Arcos Dorados Holdings Inc.$45,486 $(149,451)$79,896 
 For the fiscal years ended December 31,
 202120202019
Depreciation and amortization:   
Brazil$54,883 $59,466 $63,467 
NOLAD34,810 35,812 31,192 
SLAD26,188 27,459 29,424 
Total reportable segments115,881 122,737 124,083 
Corporate and others (i)5,372 5,288 4,894 
Purchase price allocation (ii)(859)(1,172)(5,759)
Total depreciation and amortization$120,394 $126,853 $123,218 
Property and equipment expenditures:   
Brazil$50,217 $39,127 $146,322 
NOLAD23,800 17,250 42,892 
SLAD40,640 29,934 75,984 
Others342 — 37 
Total property and equipment expenditures$114,999 $86,311 $265,235 
 As of December 31,
 20212020
Total assets:  
Brazil$1,083,700 $1,102,009 
NOLAD679,682 691,534 
SLAD566,208 513,966 
Total reportable segments2,329,590 2,307,509 
Corporate and others (i)134,020 95,802 
Purchase price allocation (ii)(102,353)(109,357)
Total assets$2,361,257 $2,293,954 

(i)Primarily relates to corporate general and administrative expenses, corporate supply chain operations in Uruguay, and related assets. Corporate general and administrative expenses consist of corporate office support costs in areas such as facilities, finance, human resources, information technology, legal, marketing, restaurant operations, supply chain and training. As of December 31,2021 and 2020, corporate assets primarily include cash and cash equivalents, derivatives and lease right of use.
(ii)Relates to the purchase price allocation adjustment made at corporate level, which reduces the accounting value of our long-lived assets (excluding Lease right of use) and goodwill and the corresponding depreciation and amortization. As of December 31,2021 and 2020 primarily related with the reduction of goodwill.

The Company’s revenues are derived from two sources: sales by Company-operated restaurants and revenues from restaurants operated by franchisees. All of the Company’s revenues are derived from foreign operations.

Long-lived assets consisting of property and equipment totaled $743,533 and $796,532 at December 31, 2021 and 2020, respectively. All of the Company’s long-lived assets are related to foreign operations.