MCD FY 2019 Earnings Report — McDonald's Corporation Revenue & Financial Results | Market Cap Arena

McDonald's CorporationMCD

FY 2019 Earnings

Reported February 26, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$21.4B	—	$21.3B	—	0.5%
Op. Income	$9.1B	—	$8.8B	—	2.8%
Gross Margin	52.3%	—	51.0%	—	1.4pp
Net Margin	28.2%	—	27.9%	—	0.3pp
EPS (Diluted)	$7.88	—	$7.54	—	4.5%
Free Cash Flow	$5.7B	—	$4.2B	—	35.6%

Revenue Flow

Item	Amount
REVENUE	$21.4B
Cost of Revenue	$10.2B
GROSS PROFIT	$11.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	$143M
Operating Expenses	$2.1B
Cost & Expenses	$12.3B
OPERATING INCOME	$9.1B
Interest Income	$37M
Interest Expense	$1.1B
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$8.0B
Income Tax Expense	$2.0B
Net Income from Continuing Ops	$6.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.0B
D&A	$1.6B
EBIT	$9.1B
EBITDA	$10.8B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$21.4B
Cost of Revenue	$10.2B
GROSS PROFIT	$11.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	$143M
Operating Expenses	$2.1B
Cost & Expenses	$12.3B
OPERATING INCOME	$9.1B
Interest Income	$37M
Interest Expense	$1.1B
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$8.0B
Income Tax Expense	$2.0B
Net Income from Continuing Ops	$6.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.0B
D&A	$1.6B
EBIT	$9.1B
EBITDA	$10.8B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$6.0B
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$110M
Deferred Income Tax	$150M
Other Non-Cash Items	-$79M
Change in Working Capital	$299M
OPERATING CASH FLOW	$8.1B
Capital Expenditure	-$2.4B
Acquisitions (Net)	-$49M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$629M
NET CASH FROM INVESTING	-$3.1B
Net Debt Issuance	$3.2B
Common Stock Repurchased	-$5.0B
Common Dividends Paid	-$3.6B
Other Financing Activities	$327M
NET CASH FROM FINANCING	-$5.0B
FREE CASH FLOW	$5.7B
Net Change in Cash	$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$899M
Short-Term Investments	$0
Net Receivables	$2.2B
Inventory	$50M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$37.4B
Goodwill	$2.7B
Intangible Assets	$0
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$2.6B
TOTAL NON-CURRENT ASSETS	$44.0B
TOTAL ASSETS	$47.5B
Account Payables	$988M
Short-Term Debt	$59M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$34.1B
Deferred Revenue NC	$661M
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$3.2B
TOTAL NON-CURRENT LIABILITIES	$52.1B
TOTAL LIABILITIES	$55.7B
Common Stock	$17M
Additional Paid-In Capital	$7.7B
Retained Earnings	$52.9B
Treasury Stock	-$66.3B
Accum. Other Comp. Income	-$2.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$8.2B
Minority Interest	$0
TOTAL EQUITY	-$8.2B
TOTAL LIABILITIES & EQUITY	$47.5B
Total Debt	$47.6B
Net Debt	$46.7B