MCD Q1 2017 Earnings Report — McDonald's Corporation Revenue & Financial Results | Market Cap Arena

McDonald's CorporationMCD

Q1 2017 Earnings

Reported May 8, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2017	Q4 2016	Q1 2016	QoQ Change	YoY Change
Revenue	$5.7B	$6.0B	—	-5.9%	—
Op. Income	$2.0B	$2.0B	—	3.3%	—
Gross Margin	42.8%	42.4%	—	0.4pp	—
Net Margin	21.4%	19.8%	—	1.6pp	—
EPS (Diluted)	$1.47	$1.44	—	2.1%	—
Free Cash Flow	$1.1B	$143M	—	678.5%	—

Revenue Flow

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$3.2B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$521M
Other Expenses	-$126M
Operating Expenses	$395M
Cost & Expenses	$3.6B
OPERATING INCOME	$2.0B
Interest Income	$0
Interest Expense	$220M
Other Income/Expenses	-$227M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$593M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$325M
EBIT	$2.0B
EBITDA	$2.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$3.2B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$521M
Other Expenses	-$126M
Operating Expenses	$395M
Cost & Expenses	$3.6B
OPERATING INCOME	$2.0B
Interest Income	$0
Interest Expense	$220M
Other Income/Expenses	-$227M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$593M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$325M
EBIT	$2.0B
EBITDA	$2.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$325M
Stock-Based Compensation	$23M
Deferred Income Tax	$86M
Other Non-Cash Items	-$113M
Change in Working Capital	$8M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$428M
Acquisitions (Net)	$543M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$23M
NET CASH FROM INVESTING	$138M
Net Debt Issuance	$822M
Common Stock Repurchased	-$748M
Common Dividends Paid	-$771M
Other Financing Activities	$110M
NET CASH FROM FINANCING	-$587M
FREE CASH FLOW	$1.1B
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$0
Net Receivables	$1.3B
Inventory	$57M
Other Current Assets	$1.5B
TOTAL CURRENT ASSETS	$5.9B
PP&E (Net)	$21.2B
Goodwill	$2.3B
Intangible Assets	$0
Long-Term Investments	$767M
Tax Assets	$0
Other Non-Current Assets	$1.9B
TOTAL NON-CURRENT ASSETS	$26.2B
TOTAL ASSETS	$32.1B
Account Payables	$678M
Short-Term Debt	$223M
Deferred Revenue	$0
Other Current Liabilities	$392M
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$27.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.8B
Other Non-Current Liabilities	$2.1B
TOTAL NON-CURRENT LIABILITIES	$30.9B
TOTAL LIABILITIES	$34.2B
Common Stock	$17M
Additional Paid-In Capital	$6.8B
Retained Earnings	$46.7B
Treasury Stock	-$52.8B
Accum. Other Comp. Income	-$2.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$2.0B
Minority Interest	$0
TOTAL EQUITY	-$2.0B
TOTAL LIABILITIES & EQUITY	$32.1B
Total Debt	$27.2B
Net Debt	$24.8B