MCD FY 2010 Earnings Report — McDonald's Corporation Revenue & Financial Results | Market Cap Arena

McDonald's CorporationMCD

FY 2010 Earnings

Reported February 25, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$24.1B	—	$22.7B	—	5.8%
Op. Income	$7.5B	—	$6.8B	—	9.2%
Gross Margin	40.0%	—	38.7%	—	1.4pp
Net Margin	20.5%	—	20.0%	—	0.5pp
EPS (Diluted)	$4.58	—	$4.11	—	11.4%
Free Cash Flow	$4.2B	—	$3.8B	—	10.7%

Revenue Flow

Item	Amount
REVENUE	$24.1B
Cost of Revenue	$14.4B
GROSS PROFIT	$9.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.3B
Other Expenses	-$169M
Operating Expenses	$2.2B
Cost & Expenses	$16.6B
OPERATING INCOME	$7.5B
Interest Income	$20M
Interest Expense	$451M
Other Income/Expenses	-$473M
INCOME BEFORE TAX	$7.0B
Income Tax Expense	$2.1B
Net Income from Continuing Ops	$4.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.9B
D&A	$1.3B
EBIT	$7.5B
EBITDA	$8.7B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$24.1B
Cost of Revenue	$14.4B
GROSS PROFIT	$9.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.3B
Other Expenses	-$169M
Operating Expenses	$2.2B
Cost & Expenses	$16.6B
OPERATING INCOME	$7.5B
Interest Income	$20M
Interest Expense	$451M
Other Income/Expenses	-$473M
INCOME BEFORE TAX	$7.0B
Income Tax Expense	$2.1B
Net Income from Continuing Ops	$4.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.9B
D&A	$1.3B
EBIT	$7.5B
EBITDA	$8.7B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$4.9B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$83M
Deferred Income Tax	-$76M
Other Non-Cash Items	$241M
Change in Working Capital	-$129M
OPERATING CASH FLOW	$6.3B
Capital Expenditure	-$2.1B
Acquisitions (Net)	$195M
Purchases of Investments	-$50M
Sales/Maturities of Investments	$50M
Other Investing Activities	-$115M
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	$787M
Common Stock Repurchased	-$2.7B
Common Dividends Paid	-$2.4B
Other Financing Activities	$127M
NET CASH FROM FINANCING	-$3.7B
FREE CASH FLOW	$4.2B
Net Change in Cash	$591M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$110M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.4B
PP&E (Net)	$22.1B
Goodwill	$2.6B
Intangible Assets	$0
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$1.6B
TOTAL NON-CURRENT ASSETS	$27.6B
TOTAL ASSETS	$32.0B
Account Payables	$944M
Short-Term Debt	$8M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$11.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$1.6B
TOTAL NON-CURRENT LIABILITIES	$14.4B
TOTAL LIABILITIES	$17.3B
Common Stock	$17M
Additional Paid-In Capital	$5.2B
Retained Earnings	$33.8B
Treasury Stock	-$25.1B
Accum. Other Comp. Income	$753M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.6B
Minority Interest	$0
TOTAL EQUITY	$14.6B
TOTAL LIABILITIES & EQUITY	$32.0B
Total Debt	$11.5B
Net Debt	$9.1B