MCD FY 2016 Earnings Report — McDonald's Corporation Revenue & Financial Results | Market Cap Arena

McDonald's CorporationMCD

FY 2016 Earnings

Reported March 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$24.6B	—	$25.4B	—	-3.1%
Op. Income	$7.7B	—	$7.1B	—	8.4%
Gross Margin	41.4%	—	38.5%	—	2.9pp
Net Margin	19.0%	—	17.8%	—	1.2pp
EPS (Diluted)	$5.44	—	$4.80	—	13.3%
Free Cash Flow	$4.2B	—	$4.7B	—	-10.3%

Revenue Flow

Item	Amount
REVENUE	$24.6B
Cost of Revenue	$14.4B
GROSS PROFIT	$10.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.4B
Other Expenses	$76M
Operating Expenses	$2.5B
Cost & Expenses	$16.9B
OPERATING INCOME	$7.7B
Interest Income	$4M
Interest Expense	$885M
Other Income/Expenses	-$879M
INCOME BEFORE TAX	$6.9B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$4.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.7B
D&A	$1.5B
EBIT	$7.8B
EBITDA	$9.3B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$24.6B
Cost of Revenue	$14.4B
GROSS PROFIT	$10.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.4B
Other Expenses	$76M
Operating Expenses	$2.5B
Cost & Expenses	$16.9B
OPERATING INCOME	$7.7B
Interest Income	$4M
Interest Expense	$885M
Other Income/Expenses	-$879M
INCOME BEFORE TAX	$6.9B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$4.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.7B
D&A	$1.5B
EBIT	$7.8B
EBITDA	$9.3B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$4.7B
Depreciation & Amortization	$1.5B
Stock-Based Compensation	$131M
Deferred Income Tax	-$539M
Other Non-Cash Items	$97M
Change in Working Capital	$167M
OPERATING CASH FLOW	$6.1B
Capital Expenditure	-$1.8B
Acquisitions (Net)	$866M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$27M
NET CASH FROM INVESTING	-$982M
Net Debt Issuance	$2.7B
Common Stock Repurchased	-$11.2B
Common Dividends Paid	-$3.1B
Other Financing Activities	$296M
NET CASH FROM FINANCING	-$11.3B
FREE CASH FLOW	$4.2B
Net Change in Cash	-$6.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$59M
Other Current Assets	$1.5B
TOTAL CURRENT ASSETS	$4.8B
PP&E (Net)	$21.3B
Goodwill	$2.3B
Intangible Assets	$0
Long-Term Investments	$726M
Tax Assets	$0
Other Non-Current Assets	$1.9B
TOTAL NON-CURRENT ASSETS	$26.2B
TOTAL ASSETS	$31.0B
Account Payables	$756M
Short-Term Debt	$77M
Deferred Revenue	$0
Other Current Liabilities	$695M
TOTAL CURRENT LIABILITIES	$3.5B
Long-Term Debt	$25.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.8B
Other Non-Current Liabilities	$2.1B
TOTAL NON-CURRENT LIABILITIES	$29.8B
TOTAL LIABILITIES	$33.2B
Common Stock	$17M
Additional Paid-In Capital	$6.8B
Retained Earnings	$46.2B
Treasury Stock	-$52.1B
Accum. Other Comp. Income	-$3.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$2.2B
Minority Interest	$0
TOTAL EQUITY	-$2.2B
TOTAL LIABILITIES & EQUITY	$31.0B
Total Debt	$26.0B
Net Debt	$24.7B