McDonald's Corporation (NEO: MCDS)

McDonald's Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	25,571	25,178	22,854	22,873	18,865	21,077
Other Revenue	367.6	315.6	328.4	350.1	342.5	287.9
Revenue	25,939	25,494	23,183	23,223	19,208	21,364
Revenue Growth (YoY)	3.70%	9.97%	-0.17%	20.90%	-10.09%	0.50%
Cost of Revenue	11,253	10,931	9,975	10,643	9,456	10,185
Gross Profit	14,686	14,563	13,207	12,580	9,752	11,179
Selling, General & Admin	2,479	2,435	2,492	2,378	2,245	1,967
Other Operating Expenses	0.3	0.3	-0.2	-285.4	-267.5	-4.7
Operating Expenses	2,881	2,817	2,862	2,422	2,278	2,225
Operating Income	11,804	11,745	10,345	10,158	7,474	8,955
Interest Expense	-1,486	-1,361	-1,207	-1,186	-1,218	-1,122
Interest & Investment Income	149	186	44	9	18	37
Earnings From Equity Investments	174.4	153.4	113.2	176.7	117.4	153.8
Currency Exchange Gain (Loss)	-16	19	134	-37	3	48
Other Non Operating Income (Expenses)	30.3	31.3	-516.6	-14.3	13.8	-14.8
EBT Excluding Unusual Items	10,656	10,774	8,912	9,107	6,408	8,057
Merger & Restructuring Charges	-172	-250	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	-99
Gain (Loss) on Sale of Assets	91	110	-1,087	21.2	-267.4	60.3
Asset Writedown	-111	-112	-	-	-	-
Pretax Income	10,322	10,522	7,825	9,128	6,141	8,018
Income Tax Expense	2,076	2,053	1,648	1,583	1,410	1,993
Net Income	8,246	8,469	6,177	7,545	4,731	6,025
Net Income to Common	8,246	8,469	6,177	7,545	4,731	6,025
Net Income Growth	-1.05%	37.09%	-18.13%	59.50%	-21.49%	1.71%
Shares Outstanding (Basic)	720	728	737	746	745	758
Shares Outstanding (Diluted)	724	732	741	752	750	765
Shares Change (YoY)	-1.42%	-1.21%	-1.40%	0.23%	-1.93%	-2.63%
EPS (Basic)	11.45	11.63	8.39	10.11	6.35	7.95
EPS (Diluted)	11.39	11.56	8.33	10.04	6.31	7.88
EPS Growth	0.40%	38.78%	-17.03%	59.11%	-19.92%	4.51%
Free Cash Flow	6,580	7,255	5,488	7,102	4,624	5,728
Free Cash Flow Per Share	9.09	9.91	7.40	9.45	6.17	7.49
Dividend Per Share	6.680	6.230	5.660	5.250	5.040	4.730
Dividend Growth	9.87%	10.07%	7.81%	4.17%	6.55%	12.89%
Gross Margin	56.62%	57.12%	56.97%	54.17%	50.77%	52.33%
Operating Margin	45.51%	46.07%	44.62%	43.74%	38.91%	41.91%
Profit Margin	31.79%	33.22%	26.65%	32.49%	24.63%	28.20%
Free Cash Flow Margin	25.37%	28.46%	23.67%	30.58%	24.08%	26.81%
EBITDA	13,846	13,724	12,215	12,026	9,225	10,573
EBITDA Margin	53.38%	53.83%	52.69%	51.79%	48.03%	49.49%
D&A For EBITDA	2,041	1,978	1,871	1,868	1,751	1,618
EBIT	11,804	11,745	10,345	10,158	7,474	8,955
EBIT Margin	45.51%	46.07%	44.62%	43.74%	38.91%	41.91%
Effective Tax Rate	20.12%	19.51%	21.06%	17.34%	22.96%	24.85%
Revenue as Reported	25,938	25,494	23,183	23,223	19,208	21,364
Advertising Expenses	-	347.2	334.5	377.6	325.5	365.8

Source: S&P Capital IQ. Standard template. Financial Sources.