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v3.25.1

Franchise arrangements (Tables) | 12 Months Ended
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Dec. 31, 2024
Franchise Arrangements [Abstract] |
Schedule of revenues from franchised restaurants | Revenues from franchised restaurants for fiscal years 2024, 2023 and 2022 consisted of:
|  | 2024 |  | 2023 |  | 2022
Rent (i) |  | $ | 202,779 |  |  | $ | 193,518 |  |  | $ | 160,795 |
Initial fees (ii) |  | 380 |  |  | 417 |  |  | 401 |
Royalty fees (iii) |  | 255 |  |  | 268 |  |  | 215 |
Total |  | $ | 203,414 |  |  | $ | 194,203 |  |  | $ | 161,411 |
(i)Includes rental income of own buildings and subleases. As of December 31, 2024, 2023 and 2022 the subleases rental income amounted to $166,854, $154,087 and $132,327, respectively. (ii)Presented net of initial fees owed to McDonald’s Corporation for $833, $963 and $1,012 in 2024, 2023 and 2022, respectively. (iii)Presented net of royalties fees owed to McDonald’s Corporation for $73,979, $71,667 and $62,360 in 2024, 2023 and 2022, respectively.
Schedule of future minimum rental payments for operating leases | As of December 31, 2024, future minimum rent payments due to the Company under existing franchised agreements are:
|  | Owned sites |  | Leased sites |  | Total
2025 |  | $ | 5,768 |  |  | $ | 56,756 |  |  | $ | 62,524 |
2026 |  | 4,754 |  |  | 50,846 |  |  | 55,600 |
2027 |  | 4,624 |  |  | 45,900 |  |  | 50,524 |
2028 |  | 3,889 |  |  | 40,949 |  |  | 44,838 |
2029 |  | 3,725 |  |  | 35,308 |  |  | 39,033 |
Thereafter |  | 30,094 |  |  | 179,225 |  |  | 209,319 |
Total |  | $ | 52,854 |  |  | $ | 408,984 |  |  | $ | 461,838 |

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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
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