MCD Q1 2019 Earnings Report — McDonald's Corporation Revenue & Financial Results | Market Cap Arena

McDonald's CorporationMCD

Q1 2019 Earnings

Reported May 8, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$5.0B	$5.2B	$5.1B	-2.7%	-2.2%
Op. Income	$2.1B	$2.0B	$2.1B	4.7%	-2.3%
Gross Margin	50.8%	52.2%	49.2%	-1.4pp	1.6pp
Net Margin	26.4%	27.4%	26.8%	-1.0pp	-0.3pp
EPS (Diluted)	$1.72	$1.82	$1.72	-5.5%	0.0%
Free Cash Flow	$1.5B	$638M	$1.1B	136.0%	37.8%

Revenue Flow

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$2.5B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$438M
Other Expenses	$20M
Operating Expenses	$458M
Cost & Expenses	$2.9B
OPERATING INCOME	$2.1B
Interest Income	$10M
Interest Expense	$274M
Other Income/Expenses	-$263M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$503M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$393M
EBIT	$2.1B
EBITDA	$2.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$2.5B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$438M
Other Expenses	$20M
Operating Expenses	$458M
Cost & Expenses	$2.9B
OPERATING INCOME	$2.1B
Interest Income	$10M
Interest Expense	$274M
Other Income/Expenses	-$263M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$503M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$393M
EBIT	$2.1B
EBITDA	$2.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$393M
Stock-Based Compensation	$32M
Deferred Income Tax	$54M
Other Non-Cash Items	$52M
Change in Working Capital	$162M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$515M
Acquisitions (Net)	$123M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$379M
NET CASH FROM INVESTING	-$771M
Net Debt Issuance	$2.0B
Common Stock Repurchased	-$996M
Common Dividends Paid	-$887M
Other Financing Activities	$99M
NET CASH FROM FINANCING	$221M
FREE CASH FLOW	$1.5B
Net Change in Cash	$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$0
Net Receivables	$2.0B
Inventory	$41M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.0B
PP&E (Net)	$35.6B
Goodwill	$2.3B
Intangible Assets	$0
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$2.4B
TOTAL NON-CURRENT ASSETS	$41.5B
TOTAL ASSETS	$46.5B
Account Payables	$824M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$32.9B
Deferred Revenue NC	$630M
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$3.2B
TOTAL NON-CURRENT LIABILITIES	$49.6B
TOTAL LIABILITIES	$53.0B
Common Stock	$17M
Additional Paid-In Capital	$7.4B
Retained Earnings	$50.9B
Treasury Stock	-$62.4B
Accum. Other Comp. Income	-$2.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$6.6B
Minority Interest	$0
TOTAL EQUITY	-$6.6B
TOTAL LIABILITIES & EQUITY	$46.5B
Total Debt	$45.3B
Net Debt	$43.0B