McDonald's Corporation (MCD)

McDonald's Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	25,497	25,178	22,854	22,873	18,865
Other Revenue	423	315.6	328.4	350.1	342.5
Revenue	25,920	25,494	23,183	23,223	19,208
Revenue Growth (YoY)	1.67%	9.97%	-0.17%	20.90%	-10.09%
Cost of Revenue	11,209	10,931	9,975	10,643	9,456
Gross Profit	14,711	14,563	13,207	12,580	9,752
Selling, General & Admin	2,412	2,435	2,492	2,378	2,245
Other Operating Expenses	-1	0.3	-0.2	-285.4	-267.5
Operating Expenses	2,858	2,817	2,862	2,422	2,278
Operating Income	11,853	11,745	10,345	10,158	7,474
Interest Expense	-1,506	-1,361	-1,207	-1,186	-1,218
Interest & Investment Income	103	186	44	9	18
Earnings From Equity Investments	157	153.4	113.2	176.7	117.4
Currency Exchange Gain (Loss)	-6	19	134	-37	3
Other Non Operating Income (Expenses)	40	31.3	-516.6	-14.3	13.8
EBT Excluding Unusual Items	10,641	10,774	8,912	9,107	6,408
Merger & Restructuring Charges	-221	-250	-	-	-
Gain (Loss) on Sale of Assets	-6	110	-1,087	21.2	-267.4
Asset Writedown	-	-112	-	-	-
Other Unusual Items	-70	-	-	-	-
Pretax Income	10,344	10,522	7,825	9,128	6,141
Income Tax Expense	2,121	2,053	1,648	1,583	1,410
Net Income	8,223	8,469	6,177	7,545	4,731
Net Income to Common	8,223	8,469	6,177	7,545	4,731
Net Income Growth	-2.90%	37.09%	-18.13%	59.50%	-21.49%
Shares Outstanding (Basic)	722	728	737	746	745
Shares Outstanding (Diluted)	722	732	741	752	750
Shares Change (YoY)	-1.42%	-1.21%	-1.40%	0.23%	-1.93%
EPS (Basic)	11.39	11.63	8.39	10.11	6.35
EPS (Diluted)	11.39	11.56	8.33	10.04	6.31
EPS Growth	-1.47%	38.78%	-17.03%	59.11%	-19.92%
Free Cash Flow	6,672	7,255	5,488	7,102	4,624
Free Cash Flow Per Share	9.24	9.91	7.40	9.45	6.17
Dividend Per Share	6.780	6.230	5.660	5.250	5.040
Dividend Growth	8.83%	10.07%	7.81%	4.17%	6.55%
Gross Margin	56.76%	57.12%	56.97%	54.17%	50.77%
Operating Margin	45.73%	46.07%	44.62%	43.74%	38.91%
Profit Margin	31.72%	33.22%	26.65%	32.49%	24.63%
Free Cash Flow Margin	25.74%	28.46%	23.67%	30.58%	24.08%
EBITDA	13,900	13,724	12,215	12,026	9,225
EBITDA Margin	53.63%	53.83%	52.69%	51.79%	48.03%
D&A For EBITDA	2,047	1,978	1,871	1,868	1,751
EBIT	11,853	11,745	10,345	10,158	7,474
EBIT Margin	45.73%	46.07%	44.62%	43.74%	38.91%
Effective Tax Rate	20.50%	19.51%	21.06%	17.34%	22.96%
Revenue as Reported	25,920	25,494	23,183	23,223	19,208
Advertising Expenses	-	347.2	334.5	377.6	325.5

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