MCD FY 2018 Earnings Report — McDonald's Corporation Revenue & Financial Results | Market Cap Arena

McDonald's CorporationMCD

FY 2018 Earnings

Reported February 22, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$21.3B	—	$22.8B	—	-6.8%
Op. Income	$8.8B	—	$9.6B	—	-7.6%
Gross Margin	51.0%	—	46.5%	—	4.4pp
Net Margin	27.9%	—	22.8%	—	5.1pp
EPS (Diluted)	$7.54	—	$6.37	—	18.4%
Free Cash Flow	$4.2B	—	$3.7B	—	14.3%

Revenue Flow

Item	Amount
REVENUE	$21.3B
Cost of Revenue	$10.4B
GROSS PROFIT	$10.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	$25M
Operating Expenses	$2.0B
Cost & Expenses	$12.4B
OPERATING INCOME	$8.8B
Interest Income	$4M
Interest Expense	$981M
Other Income/Expenses	-$1.0B
INCOME BEFORE TAX	$7.8B
Income Tax Expense	$1.9B
Net Income from Continuing Ops	$5.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.9B
D&A	$1.5B
EBIT	$8.8B
EBITDA	$10.3B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$21.3B
Cost of Revenue	$10.4B
GROSS PROFIT	$10.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	$25M
Operating Expenses	$2.0B
Cost & Expenses	$12.4B
OPERATING INCOME	$8.8B
Interest Income	$4M
Interest Expense	$981M
Other Income/Expenses	-$1.0B
INCOME BEFORE TAX	$7.8B
Income Tax Expense	$1.9B
Net Income from Continuing Ops	$5.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.9B
D&A	$1.5B
EBIT	$8.8B
EBITDA	$10.3B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$5.9B
Depreciation & Amortization	$1.5B
Stock-Based Compensation	$125M
Deferred Income Tax	$103M
Other Non-Cash Items	-$195M
Change in Working Capital	-$473M
OPERATING CASH FLOW	$7.0B
Capital Expenditure	-$2.7B
Acquisitions (Net)	$590M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$303M
NET CASH FROM INVESTING	-$2.5B
Net Debt Issuance	$2.1B
Common Stock Repurchased	-$5.2B
Common Dividends Paid	-$3.3B
Other Financing Activities	$383M
NET CASH FROM FINANCING	-$5.9B
FREE CASH FLOW	$4.2B
Net Change in Cash	-$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$866M
Short-Term Investments	$0
Net Receivables	$2.4B
Inventory	$51M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.1B
PP&E (Net)	$22.8B
Goodwill	$2.3B
Intangible Assets	$0
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$2.4B
TOTAL NON-CURRENT ASSETS	$28.8B
TOTAL ASSETS	$32.8B
Account Payables	$1.2B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$31.1B
Deferred Revenue NC	$628M
Deferred Tax Liabilities	$1.2B
Other Non-Current Liabilities	$3.2B
TOTAL NON-CURRENT LIABILITIES	$36.1B
TOTAL LIABILITIES	$39.1B
Common Stock	$17M
Additional Paid-In Capital	$7.4B
Retained Earnings	$50.5B
Treasury Stock	-$61.5B
Accum. Other Comp. Income	-$2.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$6.3B
Minority Interest	$0
TOTAL EQUITY	-$6.3B
TOTAL LIABILITIES & EQUITY	$32.8B
Total Debt	$31.1B
Net Debt	$30.2B