MCD FY 2014 Earnings Report — McDonald's Corporation Revenue & Financial Results | Market Cap Arena

McDonald's CorporationMCD

FY 2014 Earnings

Reported February 24, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$27.4B	—	$28.1B	—	-2.4%
Op. Income	$7.9B	—	$8.8B	—	-9.3%
Gross Margin	38.1%	—	38.8%	—	-0.7pp
Net Margin	17.3%	—	19.9%	—	-2.5pp
EPS (Diluted)	$4.82	—	$5.55	—	-13.2%
Free Cash Flow	$4.1B	—	$4.3B	—	-3.5%

Revenue Flow

Item	Amount
REVENUE	$27.4B
Cost of Revenue	$17.0B
GROSS PROFIT	$10.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.5B
Other Expenses	$19M
Operating Expenses	$2.5B
Cost & Expenses	$19.5B
OPERATING INCOME	$7.9B
Interest Income	$20M
Interest Expense	$576M
Other Income/Expenses	-$577M
INCOME BEFORE TAX	$7.4B
Income Tax Expense	$2.6B
Net Income from Continuing Ops	$4.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.8B
D&A	$1.6B
EBIT	$7.9B
EBITDA	$9.6B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$27.4B
Cost of Revenue	$17.0B
GROSS PROFIT	$10.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.5B
Other Expenses	$19M
Operating Expenses	$2.5B
Cost & Expenses	$19.5B
OPERATING INCOME	$7.9B
Interest Income	$20M
Interest Expense	$576M
Other Income/Expenses	-$577M
INCOME BEFORE TAX	$7.4B
Income Tax Expense	$2.6B
Net Income from Continuing Ops	$4.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.8B
D&A	$1.6B
EBIT	$7.9B
EBITDA	$9.6B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$4.8B
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$113M
Deferred Income Tax	-$91M
Other Non-Cash Items	$370M
Change in Working Capital	-$64M
OPERATING CASH FLOW	$6.7B
Capital Expenditure	-$2.6B
Acquisitions (Net)	$319M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$41M
NET CASH FROM INVESTING	-$2.3B
Net Debt Issuance	$1.5B
Common Stock Repurchased	-$3.2B
Common Dividends Paid	-$3.2B
Other Financing Activities	$294M
NET CASH FROM FINANCING	-$4.6B
FREE CASH FLOW	$4.1B
Net Change in Cash	-$721M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$110M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.2B
PP&E (Net)	$24.6B
Goodwill	$2.7B
Intangible Assets	$0
Long-Term Investments	$1.0B
Tax Assets	$0
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$30.0B
TOTAL ASSETS	$34.2B
Account Payables	$860M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$14.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.6B
Other Non-Current Liabilities	$2.1B
TOTAL NON-CURRENT LIABILITIES	$18.6B
TOTAL LIABILITIES	$21.4B
Common Stock	$17M
Additional Paid-In Capital	$6.2B
Retained Earnings	$43.3B
Treasury Stock	-$35.2B
Accum. Other Comp. Income	-$1.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.9B
Minority Interest	$0
TOTAL EQUITY	$12.9B
TOTAL LIABILITIES & EQUITY	$34.2B
Total Debt	$14.9B
Net Debt	$12.9B