MCD FY 2013 Earnings Report — McDonald's Corporation Revenue & Financial Results | Market Cap Arena

McDonald's CorporationMCD

FY 2013 Earnings

Reported February 24, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$28.1B	—	$27.6B	—	2.0%
Op. Income	$8.8B	—	$8.6B	—	1.9%
Gross Margin	38.8%	—	39.2%	—	-0.4pp
Net Margin	19.9%	—	19.8%	—	0.1pp
EPS (Diluted)	$5.55	—	$5.36	—	3.5%
Free Cash Flow	$4.3B	—	$3.9B	—	9.7%

Revenue Flow

Item	Amount
REVENUE	$28.1B
Cost of Revenue	$17.2B
GROSS PROFIT	$10.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.4B
Other Expenses	-$247M
Operating Expenses	$2.1B
Cost & Expenses	$19.3B
OPERATING INCOME	$8.8B
Interest Income	$15M
Interest Expense	$528M
Other Income/Expenses	-$560M
INCOME BEFORE TAX	$8.2B
Income Tax Expense	$2.6B
Net Income from Continuing Ops	$5.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.6B
D&A	$1.6B
EBIT	$8.7B
EBITDA	$10.3B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$28.1B
Cost of Revenue	$17.2B
GROSS PROFIT	$10.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.4B
Other Expenses	-$247M
Operating Expenses	$2.1B
Cost & Expenses	$19.3B
OPERATING INCOME	$8.8B
Interest Income	$15M
Interest Expense	$528M
Other Income/Expenses	-$560M
INCOME BEFORE TAX	$8.2B
Income Tax Expense	$2.6B
Net Income from Continuing Ops	$5.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.6B
D&A	$1.6B
EBIT	$8.7B
EBITDA	$10.3B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$5.6B
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$89M
Deferred Income Tax	$25M
Other Non-Cash Items	$27M
Change in Working Capital	-$191M
OPERATING CASH FLOW	$7.1B
Capital Expenditure	-$2.8B
Acquisitions (Net)	$259M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$108M
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	$535M
Common Stock Repurchased	-$1.8B
Common Dividends Paid	-$3.1B
Other Financing Activities	$314M
NET CASH FROM FINANCING	-$4.0B
FREE CASH FLOW	$4.3B
Net Change in Cash	$463M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.8B
Short-Term Investments	$0
Net Receivables	$1.3B
Inventory	$124M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.1B
PP&E (Net)	$25.7B
Goodwill	$2.9B
Intangible Assets	$0
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$31.6B
TOTAL ASSETS	$36.6B
Account Payables	$1.1B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$14.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.6B
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$17.4B
TOTAL LIABILITIES	$20.6B
Common Stock	$17M
Additional Paid-In Capital	$6.0B
Retained Earnings	$41.8B
Treasury Stock	-$32.2B
Accum. Other Comp. Income	$428M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$16.0B
Minority Interest	$0
TOTAL EQUITY	$16.0B
TOTAL LIABILITIES & EQUITY	$36.6B
Total Debt	$14.1B
Net Debt	$11.3B