McDonald's Corporation (MCD)
NYSE: MCD · Real-Time Price · USD
276.26
+2.26 (0.82%)
At close: Aug 6, 2026, 4:00 PM EDT
276.00
-0.26 (-0.09%)
After-hours: Aug 6, 2026, 5:44 PM EDT
McDonald's Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 8,678 | 8,563 | 8,223 | 8,469 | 6,177 | 7,545 |
Depreciation & Amortization | 2,245 | 2,199 | 2,097 | 1,978 | 1,871 | 1,868 |
Stock-Based Compensation | 180 | 165 | 172 | 175 | 167 | 139.2 |
Other Adjustments | -246 | -482 | -608 | -902 | -183 | -865.2 |
Change in Receivables | - | 231 | 10 | -161 | -264 | 309.9 |
Changes in Accounts Payable | - | 100 | -10 | 50 | 31 | 225 |
Changes in Accrued Expenses | - | 154 | -217 | 206 | 129 | 284 |
Changes in Income Taxes Payable | - | -239 | -292 | -220 | -547 | -302.5 |
Changes in Other Operating Activities | -329 | -140 | 71 | 17 | 6 | -62.2 |
Operating Cash Flow | 10,535 | 10,551 | 9,447 | 9,612 | 7,387 | 9,142 |
Operating Cash Flow Growth | 11.08% | 11.69% | -1.72% | 30.12% | -19.19% | 45.91% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -3,496 | -3,365 | -2,775 | -2,357 | -1,899 | -2,040 |
Sale of Property, Plant & Equipment | 159 | 130 | 122 | 95 | 39 | 106.2 |
Purchases of Investments | - | - | -1,837 | - | - | - |
Cash Acquisitions | -358 | -354 | -669 | -441 | -807 | -374.2 |
Proceeds from Business Divestments | 369 | 346 | 311 | 195 | 446 | 196.2 |
Other Investing Activities | -501 | -579 | -498 | -676 | -457 | -53.9 |
Investing Cash Flow | -3,827 | -3,822 | -5,346 | -3,185 | -2,678 | -2,166 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | 7 | 6 | 326 | 213 | 26 | 15.1 |
Net Short-Term Debt Issued (Repaid) | 7 | 6 | 326 | 213 | 26 | 15.1 |
Long-Term Debt Issued | 4,385 | 4,724 | 2,380 | 5,221 | 3,374 | 1,154 |
Long-Term Debt Repaid | -4,110 | -4,802 | -2,777 | -2,441 | -2,202 | -2,240 |
Net Long-Term Debt Issued (Repaid) | 275 | -78 | -397 | 2,780 | 1,172 | -1,086 |
Issuance of Common Stock | 267 | 285 | 328 | 260 | 248 | 285.7 |
Repurchase of Common Stock | -1,975 | -2,056 | -2,824 | -3,054 | -3,896 | -845.5 |
Net Common Stock Issued (Repurchased) | -1,708 | -1,771 | -2,496 | -2,794 | -3,648 | -559.8 |
Common Dividends Paid | -5,173 | -5,115 | -4,870 | -4,533 | -4,168 | -3,919 |
Other Financing Activities | -209 | -167 | -56 | -40 | 38 | -46.7 |
Financing Cash Flow | -6,807 | -7,125 | -7,495 | -4,374 | -6,580 | -5,596 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 33 | 86 | -101 | -58 | -254 | -120.1 |
Net Cash Flow | -68 | -311 | -3,494 | 1,996 | -2,126 | 1,260 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 7,039 | 7,186 | 6,672 | 7,255 | 5,488 | 7,102 |
Free Cash Flow Growth | 5.00% | 7.70% | -8.04% | 32.20% | -22.72% | 53.57% |
FCF Margin | 25.65% | 26.73% | 25.74% | 28.46% | 23.67% | 30.58% |
Free Cash Flow Per Share | 9.84 | 10.03 | 9.24 | 9.91 | 7.40 | 9.45 |
Levered Free Cash Flow | 7,380 | 7,200 | 7,026 | 11,136 | 6,966 | 6,447 |
Unlevered Free Cash Flow | 8,338 | 8,448 | 8,185 | 9,048 | 6,988 | 8,533 |