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Segment and geographic information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Profit or loss and assets for reportable segment | The following tables present information about profit, or loss, significant expenses, other segment items and assets for each reportable segment:
|  | For the fiscal years ended December 31,
|  | 2024 |  | 2023 |  | 2022
Revenues: |  |  |  |  |  |
Brazil |  | $ | 1,768,311 |  |  | $ | 1,701,547 |  |  | $ | 1,429,105 |
NOLAD |  | 1,225,751 |  |  | 1,132,912 |  |  | 920,189 |
SLAD |  | 1,476,100 |  |  | 1,497,419 |  |  | 1,269,608 |
Total revenues |  | $ | 4,470,162 |  |  | $ | 4,331,878 |  |  | $ | 3,618,902 |
Significant expenses (a) |  |  |  |  |  |
Company-operated restaurant expenses |  |  |  |  |  |
Brazil |  | $ | (1,338,301) |  |  | $ | (1,301,637) |  |  | $ | (1,096,919) |
NOLAD |  | (1,048,552) |  |  | (962,214) |  |  | (777,989) |
SLAD |  | (1,277,019) |  |  | (1,270,959) |  |  | (1,087,953) |
Total Company-operated restaurant expenses |  | $ | (3,663,872) |  |  | $ | (3,534,810) |  |  | $ | (2,962,861) |
Franchised restaurants-occupancy expenses |  |  |  |  |  |
Brazil |  | $ | (54,089) |  |  | $ | (54,031) |  |  | $ | (42,995) |
NOLAD |  | $ | (11,020) |  |  | (10,465) |  |  | (9,053) |
SLAD |  | $ | (9,754) |  |  | (9,243) |  |  | (7,240) |
Total Franchised restaurants-occupancy expenses |  | $ | (74,863) |  |  | $ | (73,739) |  |  | $ | (59,288) |
General and administrative expenses |  |  |  |  |  |
Brazil |  | $ | (54,007) |  |  | $ | (58,608) |  |  | $ | (53,810) |
NOLAD |  | (50,197) |  |  | (48,188) |  |  | (37,645) |
SLAD |  | (54,169) |  |  | (51,973) |  |  | (44,854) |
Corporate |  | (89,990) |  |  | (104,118) |  |  | (88,305) |
Total General and administrative expenses |  | $ | (248,363) |  |  | $ | (262,887) |  |  | $ | (224,614) |
Other segment items |  |  |  |  |  |
Brazil |  | $ | 18,088 |  |  | $ | 12,906 |  |  | $ | 6,965 |
NOLAD |  | $ | 274 |  |  | 3,319 |  |  | (212) |
SLAD |  | $ | (1,466) |  |  | (4,864) |  |  | $ | 4,692 |
Corporate |  | $ | 140 |  |  | 501 |  |  | $ | 2,980 |
Total Other segment items (a) (b) |  | $ | 17,036 |  |  | $ | 11,862 |  |  | $ | 14,425 |
Adjusted EBITDA: |  |  |  |  |  |
Brazil |  | $ | 340,002 |  |  | $ | 300,177 |  |  | $ | 242,346 |
NOLAD |  | 116,256 |  |  | 115,364 |  |  | 95,290 |
SLAD |  | 133,692 |  |  | 160,380 |  |  | 134,253 |
Total reportable segments |  | 589,950 |  |  | 575,921 |  |  | 471,889 |
Corporate and others (i) |  | (89,850) |  |  | (103,617) |  |  | (85,325) |
Total adjusted EBITDA |  | $ | 500,100 |  |  | $ | 472,304 |  |  | $ | 386,564 |
(a) Depreciation & amortization are not included within the significant expenses, such as Company-operated restaurant expenses, Franchised restaurants-occupancy expenses, Selling, general & administrative expenses and Other segment items. (b) Other segment items includes gains related to sales and exchange of restaurant businesses, rental income of excess properties, accrual for contingencies, recovery of taxes, results from equity method investments, write-offs of inventory and other miscellaneous items.
|  | For the fiscal years ended December 31,
|  | 2024 |  | 2023 |  | 2022
Adjusted EBITDA reconciliation: |  |  |  |  |  |
Total Adjusted EBITDA |  | $ | 500,100 |  |  | $ | 472,304 |  |  | $ | 386,564 |
(Less) Plus items excluded from computation that affect operating income: |  |  |  |  |  |
Depreciation and amortization |  | (177,354) |  |  | (149,268) |  |  | (119,777) |
Gains from sale and insurance recovery of property and equipment |  | 5,486 |  |  | 2,030 |  |  | 1,949 |
Write-offs of long-lived assets |  | (2,650) |  |  | (8,401) |  |  | (3,143) |
Impairment of long-lived assets |  | (1,067) |  |  | (2,626) |  |  | (1,171) |
Operating income |  | 324,515 |  |  | 314,039 |  |  | 264,422 |
(Less) Plus: |  |  |  |  |  |
Net interest expense and other financing results |  | (47,238) |  |  | (32,275) |  |  | (43,750) |
Gain (loss) from derivative instruments |  | 941 |  |  | (13,183) |  |  | (10,490) |
Foreign currency exchange results |  | (15,063) |  |  | 10,774 |  |  | 16,501 |
Other non-operating expenses, net |  | (3,873) |  |  | (1,238) |  |  | (287) |
Income tax expense, net |  | (109,903) |  |  | (95,702) |  |  | (85,476) |
Net income attributable to non-controlling interests |  | (620) |  |  | (1,141) |  |  | (577) |
Net income attributable to Arcos Dorados Holdings Inc. |  | $ | 148,759 |  |  | $ | 181,274 |  |  | $ | 140,343 |
|  | For the fiscal years ended December 31,
|  | 2024 |  | 2023 |  | 2022
Depreciation and amortization: |  |  |  |  |  |
Brazil |  | $ | 70,868 |  |  | $ | 68,249 |  |  | $ | 55,003 |
NOLAD |  | 50,481 |  |  | 41,195 |  |  | 32,377 |
SLAD |  | 46,432 |  |  | 32,302 |  |  | 25,932 |
Total reportable segments |  | 167,781 |  |  | 141,746 |  |  | 113,312 |
Corporate and others (i) |  | 9,966 |  |  | 8,178 |  |  | 7,134 |
Purchase price allocation (ii) |  | (393) |  |  | (656) |  |  | (669) |
Total depreciation and amortization |  | $ | 177,354 |  |  | $ | 149,268 |  |  | $ | 119,777 |
Property and equipment expenditures: |  |  |  |  |  |
Brazil |  | $ | 108,140 |  |  | $ | 121,913 |  |  | $ | 68,661 |
NOLAD |  | 99,140 |  |  | 113,823 |  |  | 69,966 |
SLAD |  | 120,301 |  |  | 122,616 |  |  | 78,162 |
Others |  | 55 |  |  | 1,745 |  |  | 326 |
Total property and equipment expenditures |  | $ | 327,636 |  |  | $ | 360,097 |  |  | $ | 217,115 |
|  | As of December 31,
|  | 2024 |  | 2023
Total assets: |  |  |  |
Brazil |  | $ | 1,164,179 |  |  | $ | 1,304,759 |
NOLAD |  | 959,403 |  |  | 900,429 |
SLAD |  | 822,342 |  |  | 748,073 |
Total reportable segments |  | 2,945,924 |  |  | 2,953,261 |
Corporate and others (i) |  | 40,366 |  |  | 171,255 |
Purchase price allocation (ii) |  | (93,636) |  |  | (105,278) |
Total assets |  | $ | 2,892,654 |  |  | $ | 3,019,238 |
(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, 2024, corporate assets primarily include cash and cash equivalents, short-term investments and lease right of use. As of December 31, 2023, corporate assets primarily include cash and cash equivalents and short-term investments. (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, considering the corresponding depreciation and amortization. As of December 31, 2024 and 2023, primarily related with the reduction of goodwill.
Schedule of revenue and long-lived assets, by geographical area | The following table presents information about revenues by geographic area for fiscal years ended December 31, 2024, 2023 and 2022:
|  | For the fiscal years ended December 31,
|  | 2024 |  | 2023 |  | 2022
Revenues: |  |  |  |  |  |
Brazil |  | $ | 1,768,311 |  |  | $ | 1,701,547 |  |  | $ | 1,429,105 |
Argentina |  | 600,298 |  |  | 683,231 |  |  | 604,347 |
México |  | 447,388 |  |  | 394,528 |  |  | 278,414 |
Other countries |  | 1,654,165 |  |  | 1,552,572 |  |  | 1,307,036 |
Total revenues |  | $ | 4,470,162 |  |  | $ | 4,331,878 |  |  | $ | 3,618,902 |
The following table presents information about long-lived assets by geographic area as of December 31, 2024, and 2023:
|  | As of December 31,
|  | 2024 |  | 2023
Long-lived assets |  |  |  |
Brazil |  | $ | 370,419 |  |  | $ | 431,360 |
Mexico |  | 168,588 |  |  | 177,428 |
Argentina |  | 117,206 |  |  | 95,374 |
Other countries |  | 470,829 |  |  | 415,723 |
Total long-lived assets |  | $ | 1,127,042 |  |  | $ | 1,119,885 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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