MCD FY 2021 Earnings Report — McDonald's Corporation Revenue & Financial Results | Market Cap Arena

McDonald's CorporationMCD

FY 2021 Earnings

Reported February 24, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$23.2B	—	$19.2B	—	20.9%
Op. Income	$10.4B	—	$7.3B	—	41.4%
Gross Margin	54.2%	—	50.8%	—	3.4pp
Net Margin	32.5%	—	24.6%	—	7.9pp
EPS (Diluted)	$10.04	—	$6.31	—	59.1%
Free Cash Flow	$7.1B	—	$4.6B	—	53.6%

Revenue Flow

Item	Amount
REVENUE	$23.2B
Cost of Revenue	$10.6B
GROSS PROFIT	$12.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.4B
Other Expenses	-$154M
Operating Expenses	$2.2B
Cost & Expenses	$12.9B
OPERATING INCOME	$10.4B
Interest Income	$9M
Interest Expense	$1.2B
Other Income/Expenses	-$1.2B
INCOME BEFORE TAX	$9.1B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$7.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7.5B
D&A	$1.9B
EBIT	$10.3B
EBITDA	$12.2B
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$23.2B
Cost of Revenue	$10.6B
GROSS PROFIT	$12.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.4B
Other Expenses	-$154M
Operating Expenses	$2.2B
Cost & Expenses	$12.9B
OPERATING INCOME	$10.4B
Interest Income	$9M
Interest Expense	$1.2B
Other Income/Expenses	-$1.2B
INCOME BEFORE TAX	$9.1B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$7.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7.5B
D&A	$1.9B
EBIT	$10.3B
EBITDA	$12.2B
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$7.5B
Depreciation & Amortization	$1.9B
Stock-Based Compensation	$139M
Deferred Income Tax	-$428M
Other Non-Cash Items	-$437M
Change in Working Capital	$454M
OPERATING CASH FLOW	$9.1B
Capital Expenditure	-$2.0B
Acquisitions (Net)	-$178M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$52M
NET CASH FROM INVESTING	-$2.2B
Net Debt Issuance	-$1.1B
Common Stock Repurchased	-$846M
Common Dividends Paid	-$3.9B
Other Financing Activities	$239M
NET CASH FROM FINANCING	-$5.6B
FREE CASH FLOW	$7.1B
Net Change in Cash	$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.7B
Short-Term Investments	$0
Net Receivables	$1.9B
Inventory	$56M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.1B
PP&E (Net)	$38.3B
Goodwill	$2.8B
Intangible Assets	$0
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$4.4B
TOTAL NON-CURRENT ASSETS	$46.7B
TOTAL ASSETS	$53.9B
Account Payables	$1.0B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$4.0B
Long-Term Debt	$35.6B
Deferred Revenue NC	$738M
Deferred Tax Liabilities	$2.1B
Other Non-Current Liabilities	$3.0B
TOTAL NON-CURRENT LIABILITIES	$54.4B
TOTAL LIABILITIES	$58.5B
Common Stock	$17M
Additional Paid-In Capital	$8.2B
Retained Earnings	$57.5B
Treasury Stock	-$67.8B
Accum. Other Comp. Income	-$2.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$4.6B
Minority Interest	$0
TOTAL EQUITY	-$4.6B
TOTAL LIABILITIES & EQUITY	$53.9B
Total Debt	$49.3B
Net Debt	$44.6B