XML 89 R57.htm IDEA: XBRL DOCUMENT v3.25.1

Segment and geographic information (Tables)

12 Months Ended

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

X

- 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

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration