MCD FY 2020 Earnings Report — McDonald's Corporation Revenue & Financial Results | Market Cap Arena

McDonald's CorporationMCD

FY 2020 Earnings

Reported February 23, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$19.2B	—	$21.4B	—	-10.1%
Op. Income	$7.3B	—	$9.1B	—	-19.2%
Gross Margin	50.8%	—	52.3%	—	-1.6pp
Net Margin	24.6%	—	28.2%	—	-3.6pp
EPS (Diluted)	$6.31	—	$7.88	—	-19.9%
Free Cash Flow	$4.6B	—	$5.7B	—	-19.3%

Revenue Flow

Item	Amount
REVENUE	$19.2B
Cost of Revenue	$9.5B
GROSS PROFIT	$9.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.2B
Other Expenses	$183M
Operating Expenses	$2.4B
Cost & Expenses	$11.9B
OPERATING INCOME	$7.3B
Interest Income	$18M
Interest Expense	$1.2B
Other Income/Expenses	-$1.2B
INCOME BEFORE TAX	$6.1B
Income Tax Expense	$1.4B
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	$1.8B
EBIT	$7.4B
EBITDA	$9.1B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$19.2B
Cost of Revenue	$9.5B
GROSS PROFIT	$9.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.2B
Other Expenses	$183M
Operating Expenses	$2.4B
Cost & Expenses	$11.9B
OPERATING INCOME	$7.3B
Interest Income	$18M
Interest Expense	$1.2B
Other Income/Expenses	-$1.2B
INCOME BEFORE TAX	$6.1B
Income Tax Expense	$1.4B
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	$1.8B
EBIT	$7.4B
EBITDA	$9.1B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$4.7B
Depreciation & Amortization	$1.8B
Stock-Based Compensation	$92M
Deferred Income Tax	$6M
Other Non-Cash Items	-$103M
Change in Working Capital	-$212M
OPERATING CASH FLOW	$6.3B
Capital Expenditure	-$1.6B
Acquisitions (Net)	$38M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$57M
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	$2.2B
Common Stock Repurchased	-$908M
Common Dividends Paid	-$3.8B
Other Financing Activities	$174M
NET CASH FROM FINANCING	-$2.2B
FREE CASH FLOW	$4.6B
Net Change in Cash	$2.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.4B
Short-Term Investments	$0
Net Receivables	$2.1B
Inventory	$51M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.2B
PP&E (Net)	$38.8B
Goodwill	$2.8B
Intangible Assets	$0
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$3.5B
TOTAL NON-CURRENT ASSETS	$46.4B
TOTAL ASSETS	$52.6B
Account Payables	$741M
Short-Term Debt	$2.2B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$6.2B
Long-Term Debt	$35.2B
Deferred Revenue NC	$702M
Deferred Tax Liabilities	$2.0B
Other Non-Current Liabilities	$3.0B
TOTAL NON-CURRENT LIABILITIES	$54.3B
TOTAL LIABILITIES	$60.5B
Common Stock	$17M
Additional Paid-In Capital	$7.9B
Retained Earnings	$53.9B
Treasury Stock	-$67.1B
Accum. Other Comp. Income	-$2.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$7.8B
Minority Interest	$0
TOTAL EQUITY	-$7.8B
TOTAL LIABILITIES & EQUITY	$52.6B
Total Debt	$51.5B
Net Debt	$48.0B