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Segment and geographic information
 12 Months Ended
Dec. 31, 2024
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 and its operations are divided into three geographic divisions, as follows: (i) Brazil, (ii) the North Latin American division, or “NOLAD,” which is comprised of Costa Rica, Mexico, Panama, Puerto Rico, Martinique, Guadeloupe, French Guiana and the U.S. Virgin Islands of St. Croix and St. Thomas and (iii) the South Latin American division, or “SLAD,” which is 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 Company's chief operating decision maker is the Chief Executive Officer ("CEO”) and adjusted EBITDA is the measure of segment's profit or loss used to evaluate segment performance and resource allocation.
 
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,
 202420232022
Revenues:   
Brazil$1,768,311 $1,701,547 $1,429,105 
NOLAD1,225,751 1,132,912 920,189 
SLAD1,476,100 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 
NOLAD116,256 115,364 95,290 
SLAD133,692 160,380 134,253 
Total reportable segments589,950 575,921 471,889 
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,
 202420232022
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,
 202420232022
Depreciation and amortization:   
Brazil$70,868 $68,249 $55,003 
NOLAD50,481 41,195 32,377 
SLAD46,432 32,302 25,932 
Total reportable segments167,781 141,746 113,312 
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 
NOLAD99,140 113,823 69,966 
SLAD120,301 122,616 78,162 
Others55 1,745 326 
Total property and equipment expenditures$327,636 $360,097 $217,115 

 As of December 31,
 20242023
Total assets:  
Brazil$1,164,179 $1,304,759 
NOLAD959,403 900,429 
SLAD822,342 748,073 
Total reportable segments2,945,924 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.
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. 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,
 202420232022
Revenues:   
Brazil$1,768,311 $1,701,547 $1,429,105 
Argentina600,298 683,231 604,347 
México
447,388 394,528 278,414 
Other countries1,654,165 1,552,572 1,307,036 
Total revenues$4,470,162 $4,331,878 $3,618,902 

Long-lived assets consisting of property and equipment totaled $1,127,042 and $1,119,885 as of December 31, 2024 and 2023, respectively. All of the Company’s long-lived assets are related to foreign operations. The following table presents information about long-lived assets by geographic area as of December 31, 2024, and 2023:

 
As of December 31,
 20242023
Long-lived assets  
Brazil$370,419 $431,360 
Mexico
168,588 177,428 
Argentina
117,206 95,374 
Other countries470,829 415,723 
Total long-lived assets$1,127,042 $1,119,885