Arcos Dorados Holdings Inc. (ARCO) quarterly cash flow statement — complete operating, investing & financing history
Arcos Dorados Holdings Inc. (ARCO) cash flow statement — 18-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 105.79M | 18.13M | 111.12M | 106.21M | 71.14M | -13.44M | 107.05M | 96.09M | 73.09M | -9.39M | 79.29M | 148.02M | 54.77M | 29.49M | 73.11M | 113.45M | 86.71M | 35.19M | 119.48M | 104.01M |
| Operating CF Margin % | 8.1% | 1.49% | 8.77% | 8.9% | 6.23% | -1.25% | 9.36% | 8.48% | 6.58% | -0.87% | 6.75% | 13.16% | 5.26% | 2.98% | 7.18% | 12.31% | 9.77% | 4.45% | 15.31% | 14.33% |
| Operating CF Growth % | 48.71% | 234.91% | 3.8% | 10.54% | -2.67% | -43.12% | 35.02% | -35.09% | 33.46% | -131.84% | 8.45% | 30.47% | -36.84% | -16.2% | -38.81% | 9.08% | 214.96% | 400.98% | 80.61% | 263.39% |
| Net Income | 45.01M | 36.14M | 25.17M | 150.43M | 22.59M | 13.93M | 58.4M | 35.21M | 26.63M | 28.51M | 55.78M | 59.72M | 28.37M | 37.41M | 54.49M | 46.87M | 14.48M | 24.5M | 45.56M | 24.7M |
| Depreciation & Amortization | 54.42M | 54.26M | 52.33M | 50.72M | 47.91M | 46.3M | 43.65M | 45.41M | 45.2M | 43.09M | 43.46M | 37.29M | 35M | 33.52M | 30.84M | 28.29M | 30.5M | 30.14M | 33.45M | 31.03M |
| Stock-Based Compensation | 0 | 0 | 0 | 253K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.91M | 0 | 1.4M | 0 |
| Deferred Taxes | 0 | 0 | -4.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.9M | 0 | 0 | 0 | -12.45M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 11.17M | -5.49M | -798.1K | 10.33M | -4.35M | -4.36M | 5.01M | 3.56M | -8.02M | 495K | -40.18M | 5.59M | -2.26M | 8.03M | -26.22M | 8.07M | 10.3M | -8.3M | 101.45M | 3.07M |
| Working Capital Changes | -4.81M | -66.79M | 38.62M | -105.51M | 4.99M | -69.3M | -8K | 11.9M | 9.28M | -81.48M | 23.13M | 45.42M | -6.34M | -49.47M | 26.44M | 30.22M | 28.52M | -11.15M | -62.38M | 45.2M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.69M | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -38.66M | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -48.53M | 246K | -53.09M | -64.67M | -66.55M | -135.7M | -88.13M | -58.17M | -84.85M | -49.18M | -47.81M | -163.04M | -67.02M | -42.01M | -75.07M | -69.82M | -43.08M | -40.93M | -39.73M | -24M |
| Capital Expenditures | -49.34M | -36.83M | -83.9M | -75.77M | -55.34M | -48.81M | -88.47M | -90.24M | -87.71M | -61.21M | -68.05M | -104.61M | -76.16M | -46.98M | -66.82M | -55.02M | -44.16M | -24.82M | -41.92M | -25.58M |
| CapEx % of Revenue | 3.78% | 3.03% | 6.62% | 6.35% | 4.84% | 4.53% | 7.73% | 7.96% | 7.9% | 5.66% | 5.79% | 9.3% | 7.32% | 4.74% | 6.56% | 5.97% | 4.97% | 3.14% | 5.37% | 3.52% |
| Acquisitions | 437.81K | -1.08M | 511.33K | -3.58M | -3.48M | 68K | -75.79M | 74.73M | 0 | -5.02M | -423.17K | 25M | -1.3M | 0 | -1.98M | -658K | -362K | -995K | 0 | -185K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -276.17K | -362K | -1.46M | 14.68M | -651K | -254K | 76.13M | -42.66M | 2.08M | 2.05M | -315.94K | -23.83M | 898K | -31K | -271.34K | 858K | 1.44M | 765K | 2.19M | 1.77M |
| Cash from Financing | -50.53M | -137.12M | 108.96M | -113K | -259.61M | 418.68M | 5.79M | -25.38M | -9.52M | -8.04M | 16.57M | -4.24M | -10.71M | -17.17M | -12.96M | -14.99M | -13.77M | -11.81M | -2.48M | -28.45M |
| Debt Issued (Net) | -19.38M | -139.24M | 72.88M | 42.59M | -244.2M | 438.16M | 22.93M | -325K | 5.46M | 5.6M | 22.08M | -20.29M | 2.03M | -4.94M | -281.23M | -14.05M | 0 | 0 | -2.13M | -28.49M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.89M | 0 | 0 | 0 | 272.28M | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -29.59M | 0 | -10.11M | -12.64M | -12.64M | -12.64M | -12.64M | -12.64M | -12.64M | -12.64M | -2.76M | -10.53M | -10.53M | -10.53M | -3.42M | -8.42M | -8.42M | -8.42M | 0 | -21K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.89M | 0 | 0 | 0 | -9.68M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -1.56M | 2.13M | 46.19M | -30.07M | -2.77M | -6.85M | -4.5M | -12.42M | -2.34M | -1.01M | -849.47K | 26.59M | -2.21M | -1.7M | -591.34K | 7.49M | -5.34M | -3.39M | -357K | 62K |
| Net Change in Cash | 4.36M | -117.81M | 190.64M | 35.74M | -257.55M | 269.54M | 19.16M | 11.69M | -23.28M | -69.17M | 30.35M | -35.19M | -29.9M | -35.54M | -23.24M | 14.1M | 8.75M | -11.5M | 71.93M | 45.04M |
| Free Cash Flow | 56.45M | -18.7M | 27.22M | 30.44M | 15.8M | -62.25M | 18.59M | 5.84M | -14.62M | -70.6M | 11.24M | 43.41M | -21.39M | -17.5M | 6.29M | 58.43M | 42.56M | 10.37M | 77.56M | 78.43M |
| FCF Margin % | 4.32% | -1.54% | 2.15% | 2.55% | 1.38% | -5.78% | 1.62% | 0.52% | -1.32% | -6.53% | 0.96% | 3.86% | -2.06% | -1.77% | 0.62% | 6.34% | 4.79% | 1.31% | 9.94% | 10.81% |
| FCF Growth % | 257.3% | 69.95% | 46.45% | 420.86% | 208.08% | 11.84% | 65.35% | -86.54% | 31.68% | -303.56% | 78.66% | -25.7% | -150.27% | -268.66% | -91.89% | -25.49% | 1904.75% | 197.99% | 73.61% | 379.29% |
| FCF per Share | 0.27 | -0.09 | 0.13 | 0.14 | 0.07 | -0.30 | 0.09 | 0.03 | -0.07 | -0.34 | 0.05 | 0.21 | -0.10 | -0.08 | 0.03 | 0.28 | 0.20 | 0.05 | 0.37 | 0.37 |
| FCF Conversion (FCF/Net Income) | 2.35x | 0.50x | 4.41x | 0.71x | 3.15x | -0.96x | 1.83x | 2.73x | 2.74x | -0.33x | 1.42x | 2.48x | 1.93x | 0.79x | 1.34x | 2.42x | 5.99x | 1.44x | 2.62x | 4.21x |
| Interest Paid | 0 | 21.87M | 0 | 19.94M | 21M | 4.77M | 23.61M | 1.51M | 25.47M | 1.41M | 0 | 1.39M | 22.46M | 1.19M | 0 | 2.72M | 19.15M | 10.03M | 16.59M | 9.57M |
| Taxes Paid | 0 | 49.65M | 0 | 32.76M | 23.58M | 26.56M | 28.38M | 27.72M | 31.19M | 33.56M | 0 | 15.7M | 14.83M | 18.29M | 0 | 19.66M | 0 | 14.27M | 0 | 13.36M |