Burger King 2013 Annual Report Download - page 113
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Table of Contents
Condensed Consolidating Statements of Operations
Revenues:
Company restaurant revenues $ — $ — $1,026.4 $ — $ 612.3 $ — $ 1,638.7
Franchise and property revenues — — 448.5 — 252.7 — 701.2
Intercompany revenues — — 7.1 — — (7.1) —
Total revenues — — 1,482.0 — 865.0 (7.1) 2,339.9
Company restaurant expenses:
Food, paper and product costs — — 331.4 — 193.3 — 524.7
Payroll and employee benefits — — 309.1 — 172.1 — 481.2
Occupancy and other operating costs — — 260.5 — 181.0 — 441.5
Total Company restaurant expenses — — 901.0 — 546.4 — 1,447.4
Franchise and property expenses — — 66.3 — 33.9 — 100.2
Selling, general and administrative expenses 0.5 — 268.6 — 149.4 — 418.5
Intercompany expenses — — — — 7.1 (7.1) —
Other operating (income) expenses, net — — 3.5 — 7.8 — 11.3
Total operating costs and expenses 0.5 — 1,239.4 — 744.6 (7.1) 1,977.4
Income (loss) from operations (0.5) — 242.6 — 120.4 — 362.5
Interest expense, net — 31.9 183.5 — 11.3 — 226.7
Loss on early extinguishment of debt — (0.3) 21.4 — — — 21.1
Income (loss) before income taxes (0.5) (31.6) 37.7 — 109.1 — 114.7
Income tax expense (benefit) (0.7) (12.5) 19.2 — 20.6 — 26.6
Income (loss) from continuing operations 0.2 (19.1) 18.5 — 88.5 — 88.1
Equity in earnings of consolidated subsidiaries 87.9 107.0 88.5 107.0 — (390.4) —
Net income (loss) $ 88.1 $87.9 $107.0 $107.0 $88.5 $(390.4) $ 88.1
Total comprehensive income (loss) $(7.4) $ (7.6) $11.5 $11.5 $44.2 $(59.6) $(7.4)
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Source: Burger King Worldwide, Inc., 10-K, February 21, 2014 Powered by Morningstar® Document Research℠
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