McDonald's Corporation (MCD)
NYSE: MCD · Real-Time Price · USD
275.70
+1.55 (0.57%)
At close: Aug 12, 2026, 4:00 PM EDT
275.87
+0.17 (0.06%)
After-hours: Aug 12, 2026, 7:59 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 | Jun '26 Jun 30, 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 | 8,787 | 8,563 | 8,223 | 8,469 | 6,177 | 7,545 |
Depreciation & Amortization | 2,266 | 2,199 | 2,097 | 1,978 | 1,871 | 1,868 |
Stock-Based Compensation | 175 | 165 | 172 | 175 | 167 | 139.2 |
Other Adjustments | -243 | -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 | 352 | -140 | 71 | 17 | 6 | -62.2 |
Operating Cash Flow | 11,344 | 10,551 | 9,447 | 9,612 | 7,387 | 9,142 |
Operating Cash Flow Growth | 15.84% | 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 | Jun '26 Jun 30, 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 | -3,583 | -3,365 | -2,775 | -2,357 | -1,899 | -2,040 |
Sale of Property, Plant & Equipment | 169 | 130 | 122 | 95 | 39 | 106.2 |
Purchases of Investments | - | - | -1,837 | - | - | - |
Cash Acquisitions | -376 | -354 | -669 | -441 | -807 | -374.2 |
Proceeds from Business Divestments | 472 | 346 | 311 | 195 | 446 | 196.2 |
Other Investing Activities | -508 | -579 | -498 | -676 | -457 | -53.9 |
Investing Cash Flow | -3,826 | -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 | Jun '26 Jun 30, 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 | -98 | 6 | 326 | 213 | 26 | 15.1 |
Net Short-Term Debt Issued (Repaid) | -98 | 6 | 326 | 213 | 26 | 15.1 |
Long-Term Debt Issued | 2,982 | 4,724 | 2,380 | 5,221 | 3,374 | 1,154 |
Long-Term Debt Repaid | -3,990 | -4,802 | -2,777 | -2,441 | -2,202 | -2,240 |
Net Long-Term Debt Issued (Repaid) | -1,008 | -78 | -397 | 2,780 | 1,172 | -1,086 |
Issuance of Common Stock | 240 | 285 | 328 | 260 | 248 | 285.7 |
Repurchase of Common Stock | -2,326 | -2,056 | -2,824 | -3,054 | -3,896 | -845.5 |
Net Common Stock Issued (Repurchased) | -2,086 | -1,771 | -2,496 | -2,794 | -3,648 | -559.8 |
Common Dividends Paid | -5,225 | -5,115 | -4,870 | -4,533 | -4,168 | -3,919 |
Other Financing Activities | -223 | -167 | -56 | -40 | 38 | -46.7 |
Financing Cash Flow | -8,639 | -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 | Jun '26 Jun 30, 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 | 67 | 86 | -101 | -58 | -254 | -120.1 |
Net Cash Flow | -1,054 | -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 | Jun '26 Jun 30, 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 | 7,761 | 7,186 | 6,672 | 7,255 | 5,488 | 7,102 |
Free Cash Flow Growth | 12.53% | 7.70% | -8.04% | 32.20% | -22.72% | 53.57% |
FCF Margin | 28.02% | 26.73% | 25.74% | 28.46% | 23.67% | 30.58% |
Free Cash Flow Per Share | 10.87 | 10.03 | 9.24 | 9.91 | 7.40 | 9.45 |
Levered Free Cash Flow | 6,716 | 7,200 | 7,026 | 11,136 | 6,966 | 6,447 |
Unlevered Free Cash Flow | 9,094 | 8,448 | 8,185 | 9,048 | 6,988 | 8,533 |