2015 income
TH Adjusted EBITDA grew 10.5% on an organic basis to $816 million BK Adjusted EBITDA grew 11.5% on an organic basis to $726 million These are the numbers ending December 31, 2014 They will save approx. 190 million on management/operating expenses They have a large debt load even with that I can't see total payments more than 400million a year This leaves between 300 to 500 million in net cash flow from Tim Hortons alone With a float of 202 million the cash flow yearly should be 1.48 on the low end This is from the merger of Tim's alone We still have cash flow from Burger King. Analyst estimates are 1.00 a share for 2015.