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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net income attributable to Arcos Dorados Holdings Inc. $ 148,759 $ 181,274 $ 140,343
Non-cash charges and credits:      
Depreciation and amortization  177,354 149,268 119,777
(Gain) loss from derivative instruments (941) 13,183 10,490
Amortization and accrual of letter of credit fees and deferred financing costs 4,869 4,268 5,342
Deferred income taxes (11,389) (4,310) (15,449)
Foreign currency exchange results 9,051 3,162 (6,940)
Accrued net share-based compensation expense 953 14,337 6,089
Impairment of long-lived assets 1,067 2,626 1,171
Write-off of long-lived assets 2,650 8,401 3,143
Gain on sale and exchange of restaurants businesses (6,550) (4,008) (577)
Others, net  1,335 (8,853) (2,268)
Changes in assets and liabilities:      
Accounts payable  24,460 70,003 111,958
Accounts and notes receivable and other receivables (11,344) (61,244) (56,790)
Prepaid expenses and other assets (28,640) (40,509) (27,131)
Inventories (4,250) 4,827 (6,042)
Income taxes payable (23,055) 7,755 18,637
Other taxes payable 6,542 25,452 8,874
Accrued payroll, other liabilities and provision for contingencies (25,670) 17,272 32,873
Royalties payable to McDonald’s Corporation 1,079 (719) 5,457
Others 567 (220) (3,520)
Net cash provided by operating activities 266,847 381,965 345,437
Investing activities      
Property and equipment expenditures (327,636) (360,097) (217,115)
Purchases of restaurant businesses paid at acquisition date (6,083) (2,081) (4,800)
Proceeds from sales of property and equipment, restaurant businesses and related advances 8,210 2,540 2,714
Proceeds from short-term investments 76,114 66,735 0
Acquisitions of short-term investments (30,000) (86,719) (41,083)
Other investing activity (936) (727) 635
Net cash used in investing activities (280,331) (380,349) (259,649)
Financing activities      
Collection of derivative instruments 331 30,880 0
Payments related to derivative instruments and derivative premiums (15,274) (3,296) 0
Dividend payments to Arcos Dorados Holdings Inc. shareholders (50,557) (40,022) (31,587)
Net short-term borrowings 34,168 29,384 359
Payments of other long term debt (500) (800) (8,327)
Other financing activities  (5,330) (5,028) (6,964)
Net cash used in financing activities (37,162) (11,823) (59,978)
Effect of exchange rate changes on cash and cash equivalents (10,951) (60,069) (37,703)
Decrease in cash and cash equivalents (61,597) (70,276) (11,893)
Cash and cash equivalents at the beginning of the year 196,661 266,937 278,830
Cash and cash equivalents at the end of the year 135,064 196,661 266,937
Supplemental cash flow information:      
Cash paid during the year for interest 52,004 47,510 56,370
Cash paid during the year for income tax 120,847 72,766 78,935
Non-cash investing and financing activities:      
Exchange of assets 0 3,538 0
Seller financing and others pending of payment 1,622 1,700 320
Settlement of franchise receivables related to purchases of restaurant businesses 1,434 0 496
Receivable related to sales of restaurant businesses 1,140 0 0
2029 Notes      
Financing activities      
Issuance of notes 0 0 349,969
Repayments of senior notes 0 (2,813) (12,014)
2027 Notes      
Financing activities      
Repayments of senior notes 0 (1,904) (159,034)
2023 Notes      
Financing activities      
Repayments of senior notes $ 0 $ (18,224) $ (192,380)