Arcos Dorados Holdings Inc. balance sheet

At the end of fiscal 2025, Arcos Dorados Holdings Inc. had total assets of $3.89bn, total liabilities of $3.11bn and shareholders' equity of $770m. It held $373m in cash against $1.15bn of debt: net debt of $775m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Arcos Dorados Holdings Inc.: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	168	208	176	185	176	139	113	195	308	197	122	166	279	267	197	135	373
Receivables	—	80	94	105	111	83	63	83	111	84	100	94	82	124	148	119	164
Inventory	—	66	51	55	105	48	45	49	83	46	38	34	38	50	53	52	66
Total current assets	—	552	589	601	666	447	379	445	653	465	405	416	540	684	605	468	852
Goodwill	—	—	18	18	17	15	12	7	7	6	7	6	5	7	12	13	17
Total assets	—	2,049	1,875	2,049	2,180	1,795	1,403	1,505	1,804	1,578	2,558	2,294	2,361	2,637	3,019	2,893	3,886
Accounts payable	—	187	221	244	311	220	188	218	303	242	260	210	269	353	375	348	357
Deferred revenue (current)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2	7	17
Total current liabilities	—	605	589	578	659	542	577	548	606	493	595	503	618	759	842	766	829
Short-term debt	—	6	3	2	5	6	161	28	4	4	3	3	5	19	2	3	12
Long-term debt	—	451	526	650	771	761	491	552	629	626	624	773	739	712	713	716	1,126
Total debt	0	469	530	652	783	820	675	591	641	636	640	786	751	742	744	779	1,149
Total liabilities	—	1,235	1,196	1,303	1,485	1,337	1,116	1,153	1,308	1,185	2,136	2,096	2,140	2,312	2,502	2,383	3,114
Shareholders' equity	454	549	680	746	695	457	286	351	496	392	421	198	220	324	515	508	770
Non-controlling interests and other (assets − liabilities − equity)	—	265	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net debt (negative = net cash)	−168	261	353	467	608	681	562	396	332	439	518	620	473	475	548	644	775
Shares outstanding	—	—	210m	210m	210m	210m	211m	211m	211m	205m	204m	207m	210m	—	211m	211m	211m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Arcos Dorados Holdings Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Arcos Dorados Holdings Inc.