Professional Documents
Culture Documents
REVENUES
Sales by Company-operated restaurants
Revenues from franchised restaurants
Total Revenues
OPERATING COSTS AND EXPENSES
Company-operated restaurant expenses
Food & paper
Payroll & employee benefits
Occupancy & other operating expenses
Franchised restaurants-occupancy expenses
Selling, general & administrative expenses
Other operating (income) expense, net
Total operating costs and expenses
Operating income
Interest expense-net of capitalized interest of $15.5, $15.9 and $14.0
Nonoperating (income) expense, net
Income before provision for income taxes
Provision for income taxes
Net Income
Earnings per common share-basic
Earnings per common share-diluted
Dividends declared per common share
Weighted-average shares outstanding-basic
Wieghted-average shares outstanding-diluted
See Notes to consolidated financial statements.
$
$
$
31, 2013
2012
2011
$ 18,874.20
9,231.50
28,105.70
$ 18,602.50
8,964.50
27,567.00
18,292.80
8,713.20
27,006.00
6,361.30
4,824.10
4,393.20
1,624.40
2,385.60
-247.2
19,341.10
8,764.30
521.9
37.90
8,204.50
2,618.60
5,585.90
5.59
5.55
3.12
998.40
1,006.00
6,318.20
4,710.30
4,195.20
1,527.00
2,455.20
-243.5
18,962.40
8,604.60
516.6
9.00
8,079.00
2,614.20
5,464.80
5.41
5.36
2.87
1.010,1
1.020,2
6,167.20
4,606.30
4,064.40
1,481.50
2,393.70
-236.8
18,476.30
8,529.70
492.80
24.70
8,012.20
2,509.10
5,503.10
5.33
5.27
2.53
1,032.10
1,044.90
$
$
$
$
$
$
$
$
Shareholders equity
Preferred stock, no par value; authorized 165.0 million shares; issued none
Common stock, $.01 par value; authorized 3.5 billion shares; issued 1,660.6 million shares
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income
Common stock in treasury, at cost; 670.2 and 657.9 million shares
Total shareholders equity
Total liabilities and shareholders equity
See Notes to consolidated financial statements.
2012
$ 2,798.70
1,319.80
123.7
807.9
$ 5,050.10
$ 2,336.10
1,375.30
121.7
1,089.00
$ 4,922.10
1,209.10
2,872.70
1,747.10
5,828.90
1,380.50
2,804.00
1,602.70
5,787.20
40,355.60
-14,608.30
25,747.30
$ 36,626.30
38,491.10
-13,813.90
24,677.20
$ 35,386.50
$ 1,086.00
215.5
383.1
221.6
1,263.80
$ 3,170.00
14,129.80
1,669.10
1,647.70
$ 1,141.90
298.7
370.7
217
1,374.80
$ 3,403.10
13,632.50
1,526.20
1,531.10
16.6
5,994.10
41,751.20
427.6
-32,179.80
16009.7
$ 36,626.30
16.6
5,778.90
39,278.00
796.4
-30,576.30
15293.6
$ 35,386.50
2013
2012
2011
$ 5,585.90
$ 5,464.80
$ 5,503.10
1,585.10
25.2
89.1
26.8
1,488.50
134.5
93.4
-92
1,415.00
188.4
86.2
-82.6
56.2
-44.4
-60.7
-154.4
11.9
$ 7,120.70
-29.4
-27.2
124.1
-74
-116.6
$ 6,966.10
-160.8
-52.2
35.8
198.5
18.7
$ 7,150.10
-2,824.70
-181
440.1
-108.2
-2,673.80
-3,049.20
-158.5
394.7
-354.3
-3,167.30
-2,729.80
-186.4
511.4
-166.1
-2,570.90
-186.5
1,417.20
-695.4
-1,777.80
-3,114.60
233.3
92.6
-11.8
-4043
$ 58.70
462.6
2,336.10
$ 2,798.70
-117.5
2,284.90
-962.8
-2,615.10
-2,896.60
328.6
142.3
-13.6
-3849.8
51.4
0.4
2,335.70
$ 2,336.10
260.6
1,367.30
-624
-3,363.10
-2,609.70
334
112.5
-10.6
-4533
-97.5
-51.3
2,387.00
$ 2,335.70
$ 532.70
2,546.00
$ 533.70
2,447.80
$ 489.30
2,056.70
Balance Sheet
Period Ending:
Trend
12/31/2013
1/1/2013
3/1/2012
Current Assets
$ 61,751
$ 83,569
$ 48,211
$0
$0
$0
Net Receivables
$ 86,079
$ 77,915
$ 63,476
Inventory
$ 35,478
$ 28,836
$ 28,210
$ 42,595
$ 39,887
$ 36,498
$ 225,903
$ 230,207
$ 176,395
$0
$0
$0
$ 795,379
$ 764,418
$ 758,503
$0
$0
$0
Intangible Assets
$ 18,647
$ 17,829
$ 14,674
Other Assets
$ 84,185
$ 79,713
$ 72,998
$0
$0
$0
$ 1,124,114
$ 1,092,167
$ 1,022,570
$ 264,247
$ 253,034
$ 223,240
Short-Term Investments
Long-Term Assets
Long-Term Investments
Fixed Assets
Goodwill
Total Assets
Current Liabilities
Accounts Payable
$0
$0
$0
$0
$0
$0
$ 264,247
$ 253,034
$ 223,240
Long-Term Debt
$0
$0
$0
Other Liabilities
$ 110,587
$ 91,411
$ 82,908
$ 171,927
$ 167,996
$ 173,669
Misc. Stocks
$0
$0
$0
Minority Interest
$0
$0
$0
$ 546,761
$ 512,441
$ 479,817
$ 906
$ 878
$ 859
Capital Surplus
$ 602,469
$ 508,130
$ 455,339
Retained Earnings
$ 989,451
$ 902,532
$ 816,977
-$ 1,015,473
-$ 831,814
-$ 730,422
Other Equity
$0
$0
$0
Total Equity
$ 577,353
$ 579,726
$ 542,753
$ 1,124,114
$ 1,092,167
$ 1,022,570
Total Liabilities
Treasury Stock
12/31/2010
$ 81,619
$0
$ 61,962
$ 23,036
$ 28,345
$ 194,962
$0
$ 755,468
$0
$ 14,482
$ 72,395
$0
$ 1,037,307
$ 202,705
$0
$0
$ 202,705
$0
$ 79,179
$ 163,086
$0
$0
$ 444,970
$ 849
$ 428,527
$ 721,257
-$ 558,296
$0
$ 592,337
$ 1,037,307
Period Ending:
Total Revenue
Cost of Revenue
Gross Profit
Trend
12/31/2013
1/1/2013
3/1/2012
12/31/2010
$ 1,877,910
$ 1,809,017
$ 1,757,624
$ 1,659,404
$ 455,685
$ 450,153
$ 448,468
$ 412,855
$ 1,422,225
$ 1,358,864
$ 1,309,156
$ 1,246,549
$0
$0
$0
$0
$ 1,170,368
$ 1,123,907
$ 1,092,063
$ 1,041,045
$ 12,345
$ 21,825
$ 11,685
$ 5,153
Operating Expenses
Research and Development
Sales, General and Admin.
Non-Recurring Items
Other Operating Items
Operating Income
Add'l income/expense items
Earnings Before Interest and Tax
Interest Expense
Earnings Before Tax
Income Tax
$ 78,558
$ 74,433
$ 71,958
$ 72,140
$ 160,954
$ 138,699
$ 133,450
$ 128,211
$0
$0
$0
$0
$ 156,450
$ 133,974
$ 129,143
$ 111,089
$0
$0
$0
$0
$ 156,450
$ 133,974
$ 129,143
$ 111,089
$ 42,094
$ 35,551
$ 33,423
$ 29,376
$0
$0
$0
$0
Minority Interest
Equity Earnings/Loss
Unconsolidated Subsidiary
Net Income-Cont. Operations
$0
$0
$0
$0
$ 114,356
$ 98,423
$ 95,720
$ 81,713
Net Income
$ 114,356
$ 98,423
$ 95,720
$ 81,713
$ 114,356
$ 98,423
$ 95,720
$ 81,713
Cash Flow
Period
Ending:
Trend
12/31/2013
1/1/2013
3/1/2012
12/31/2010
$ 114,356
$ 98,423
$ 95,720
$ 81,713
$ 78,558
$ 74,433
$ 71,958
$ 72,140
$ 20,992
$ 4,442
$ 20,215
$ 11,256
-$ 2,009
-$ 19,228
$ 50
-$ 4,653
Changes in
Inventories
-$ 6,642
-$ 626
-$ 5,174
-$ 834
Other
Operating
-$ 6,705
-$ 9,922
-$ 8,698
-$ 7,288
Liabilities
$ 6,235
$ 47,849
$ 21,993
$ 14,723
Net Cash
Flow-
$ 204,785
$ 195,371
$ 196,064
$ 167,057
-$ 106,289
-$ 86,442
-$ 76,746
-$ 41,847
$0
$0
$0
$0
Other
Investing
-$ 1,654
-$ 1,712
-$ 870
-$ 1,821
Net Cash
Flows-
-$ 107,943
-$ 88,154
-$ 77,616
-$ 43,668
Cash FlowsFinancing
Sale and
Purchase of
-$ 110,763
-$ 62,109
-$ 155,980
-$ 21,511
$ 11,529
$ 211
$ 3,383
-$ 97,331
$0
$0
$0
$0
Net Income
Cash FlowsOperating
Depreciation
Net Income
Adjustments
Changes in
Operating
Accounts
Receivable
Cash FlowsInvesting
Capital
Expenditures
Investments
Net
Borrowings
Other
Financing
Net Cash
FlowsEffect of
Exchange
Net Cash
Flow
-$ 118,660
-$ 71,859
-$ 151,856
-$ 115,485
$0
$0
$0
$0
-$ 21,818
$ 35,358
-$ 33,408
$ 7,904
McDonalds
1) Gross margin*
Gross Profit
Sales
$ 8,764.30
$ 28,105.70
EBIT
Sales
$ 8,204.50
$ 28,105.70
Net Income
Sales
$ 5,585.90
$ 28,105.70
Net Income
Assets
$ 5,585.90
$ 36,626.30
Net Income
Shareholders Equity
$ 5,585.90
$ 16,009.70
2) Operating margin
3) Net margin
4) ROA
5) ROE
onalds
75.73%
Gross Profit
Sales
29.19%
8.33%
EBIT
Sales
$ 156,450
$ 1,877,910
19.87%
6.09%
Net Income
Sales
$ 114,356
$ 1,877,910
Net Income
Assets
$ 114,356
$ 1,124,114
15.25%
10.17%
34.89%
ted restaurants
d restaurants
19.81%
Net Income
$ 114,356
Shareholders Equity
$ 577,353
$ 18,874.20
9,231.50
28,105.70
urant expenses
ating expenses
ccupancy expenses
nd Expenses
ofit / Sales =
$ 1,422,225
$ 1,877,910
6,361.30
4,824.10
4,393.20
1,624.40
17,203.00
10,902.70
28,105.70
38.79%
McDonalds
0.77
Sales
Assets
$ 28,105.70
$ 36,626.30
227.21
Sales
Inventory
Days
Year
Inventory Turnover
$ 28,105.70
$ 123.70
Sales
Other Receivables and Assets
Days
Year
Receivables Turnover
$ 28,105.70
$ 1,319.80
1.61
365
227.21
21.30
17.14
365
21.30
25.88
Sales
Payables
Days
Year
Payable Turnover
$ 28,105.70
$ 1,086.00
14.10
365
25.88001842
4.64
Inventory
Receivables
Payables
1.61
17.14
14.10
$ 1,877,910
$ 1,124,114
52.931676
Sales
Inventory
Days
Year
Inventory Turnover
$ 1,877,910
$ 35,478
6.8956819
365
52.93167597
22.306943
Sales
Other Receivables and Assets
Days
Year
Receivables Turnover
$ 1,877,910
$ 84,185
16.3626185
365
22.30694304
7.10664643
Sales
Payables
Days
Year
Payable Turnover
$ 1,877,910
$ 264,247
51.3603714
365
7.106646433
41.8934347
Inventory
Receivables
Payables
6.895681902
16.36261855
51.36037137