McDonald's Corporation Financial Statements — MCD Stock

Income Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	24,075	27,006	27,567	28,106	27,441	25,413	24,622	22,820	21,258	21,364	19,208	23,223	23,182	25,495	25,920
- Cost of Revenue	14,437	16,319	16,751	17,203	16,986	15,624	14,417	12,200	10,425	10,185	9,456	10,643	9,975	10,931	11,210
+ Cost of Goods & Services	14,437	16,319	16,751	17,203	16,986	15,624	14,417	12,200	10,425	10,185	9,456	10,643	9,975	10,931	11,210
+ Sales & Services Revenue	24,075	27,006	27,567	28,106	27,441	25,413	24,622	22,820	21,258	21,364	19,208	23,223	23,182	25,495	25,920
Gross Profit	9,637	10,687	10,816	10,903	10,456	9,789	10,205	10,621	10,833	11,179	9,752	12,580	13,207	14,564	14,710
- Operating Expenses	2,333	2,394	2,455	2,386	2,488	2,434	2,384	2,231	2,200	2,229	2,546	2,708	2,862	2,817	2,859
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	215	262	301	330	370	382	447
+ Selling, General & Admin	2,333	2,394	2,455	2,386	2,488	2,434	2,384	2,231	1,985	1,967	2,245	2,378	2,492	2,435	2,412
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	7,304	8,293	8,361	8,517	7,968	7,355	7,820	8,390	8,632	8,950	7,206	9,873	10,345	11,747	11,851
- Non-Operating (Income) Loss	304	281	282	313	596	799	954	-184	816	932	1,066	745	2,520	1,225	1,506
+ Interest Expense, Net	431	454	489	513	556	629	881	914	977	1,085	1,200	1,177	1,163	1,174	1,403
+ Interest Expense	451	493	517	528	576	638	885	921	981	1,122	1,218	1,186	1,207	1,361	1,506
- Interest Income	20	39	28	15	20	9	4	7	4	37	18	9	44	187	103
+ Other Non-Op (Income) Loss	-127	-173	-206	-200	39	170	73	-1,098	-161	-153	-134	-432	1,357	51	103
Pretax Income	7,000	8,012	8,079	8,204	7,372	6,556	6,866	8,574	7,816	8,018	6,141	9,128	7,825	10,522	10,345
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Income Tax Expense (Benefit)	2,054	2,509	2,614	2,619	2,614	2,026	2,180	3,381	1,892	1,993	1,410	1,583	1,648	2,053	2,121
Income (Loss) from Cont Ops	4,946	5,503	5,465	5,586	4,758	4,529	4,686	5,192	5,924	6,025	4,730	7,545	6,177	8,469	8,224
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1
Income (Loss) Incl. MI	4,946	5,503	5,465	5,586	4,758	4,529	4,686	5,192	5,924	6,025	4,730	7,545	6,177	8,469	8,223
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	4,946	5,503	5,465	5,586	4,758	4,529	4,686	5,192	5,924	6,025	4,730	7,545	6,177	8,469	8,223
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	4,946	5,503	5,465	5,586	4,758	4,529	4,686	5,192	5,924	6,025	4,730	7,545	6,177	8,469	8,223
Basic Weighted Avg Shares	1,054	1,021	1,003	990	963	907	819	794	767	746	745	745	731	723	718
Basic EPS, GAAP	4.69	5.39	5.45	5.64	4.94	4.99	5.73	6.54	7.72	8.07	6.35	10.13	8.45	11.72	11.45
Basic EPS from Cont Ops	4.69	5.39	5.45	5.64	4.94	4.99	5.73	6.54	7.72	8.07	6.35	10.13	8.45	11.72	11.45
Diluted Weighted Avg Shares	1,080	1,045	1,020	1,006	986	945	861	816	786	765	750	752	741	732	722
Diluted EPS, GAAP	4.58	5.27	5.36	5.55	4.82	4.79	5.44	6.37	7.54	7.88	6.31	10.04	8.33	11.56	11.39
Diluted EPS from Cont Ops	4.58	5.27	5.36	5.55	4.82	4.79	5.44	6.37	7.54	7.88	6.31	10.04	8.33	11.56	11.39
EBITDA	8,580	9,708	9,850	10,102	9,612	8,911	9,337	9,753	10,114	10,568	8,958	11,741	12,216	13,725	13,948
EBITDA Margin (%)	35.64	35.95	35.73	35.94	35.03	35.06	37.92	42.74	47.58	49.46	46.64	50.56	52.7	53.83	53.81
EBITA	7,304	8,293	8,361	8,517	7,968	7,355	7,820	8,390	8,632	8,950	7,206	9,873	10,345	11,747	11,851
EBIT	7,304	8,293	8,361	8,517	7,968	7,355	7,820	8,390	8,632	8,950	7,206	9,873	10,345	11,747	11,851
Gross Margin (%)	40.03	39.57	39.24	38.79	38.1	38.52	41.45	46.54	50.96	52.33	50.77	54.17	56.97	57.12	56.75
Operating Margin (%)	30.34	30.71	30.33	30.3	29.04	28.94	31.76	36.76	40.61	41.89	37.52	42.51	44.63	46.08	45.72
Profit Margin (%)	20.55	20.38	19.82	19.87	17.34	17.82	19.03	22.75	27.87	28.2	24.63	32.49	26.65	33.22	31.72
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	2.29	2.56	2.89	3.14	3.34	3.56	3.74	3.89	4.24	4.8	5.03	5.26	5.7	6.27	6.78
Depreciation Expense	1,276	1,415	1,488	1,585	1,644	1,556	1,516	1,363	1,482	1,618	1,751	1,868	1,871	1,978	2,097

Balance Sheet	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	4,368	4,403	4,922	5,050	4,186	9,643	4,849	5,327	4,053	3,558	6,243	7,148	5,424	7,986	4,599
+ Accounts & Notes Receiv	1,179	1,335	1,375	1,320	1,214	1,299	1,474	1,976	2,442	2,224	2,110	1,872	2,115	2,488	2,383
+ Accounts Receivable, Net	- -	1,335	1,375	1,320	1,214	1,299	1,474	1,976	2,442	2,224	2,110	1,872	2,115	2,488	2,383
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	1,179	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	2,387	2,336	2,336	2,799	2,078	7,686	1,223	2,464	866	898	3,449	4,709	2,584	4,579	1,085
+ Cash & Cash Equivalents	2,387	2,336	2,336	2,799	2,078	7,686	1,223	2,464	866	898	3,449	4,709	2,584	4,579	1,085
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	110	117	122	124	110	100	59	59	51	50	51	56	52	53	56
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	110	117	122	124	110	100	59	59	51	50	51	56	52	53	56
+ Other ST Assets	692	616	1,089	808	783	559	2,092	828	695	385	633	511	673	866	1,075
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	27,607	28,587	30,464	31,576	30,042	28,296	26,175	28,476	28,758	43,953	46,384	46,706	45,011	48,159	50,584
+ LT Investments & Receivables	1,335	1,427	1,380	1,209	1,004	793	726	1,086	1,203	1,270	1,297	1,201	1,064	1,080	2,710
+ LT Investments	1,335	1,427	1,380	1,209	1,004	793	726	1,086	1,203	1,270	1,297	1,201	1,064	1,080	2,710
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	22,061	22,834	24,677	25,747	24,558	23,118	21,258	22,448	22,843	37,421	38,786	38,273	36,339	38,421	38,634
- Accumulated Depreciation	12,422	12,903	13,814	14,608	14,569	14,575	13,186	14,178	14,351	14,891	16,518	17,196	17,264	18,662	18,882
+ Property, Plant & Equip	34,482	35,738	38,491	40,356	39,126	37,692	34,443	36,626	37,194	52,312	55,304	55,469	53,603	57,083	57,516
+ Other LT Assets	4,211	4,325	4,407	4,620	4,480	4,385	4,192	4,942	4,712	5,261	6,300	7,232	7,608	8,658	9,240
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	2,586	2,653	2,804	2,873	2,735	2,516	2,336	2,380	2,332	2,677	2,773	2,782	2,900	3,040	3,145
+ Goodwill	2,586	2,653	2,804	2,873	2,735	2,516	2,336	2,380	2,332	2,677	2,773	2,782	2,900	3,040	3,145
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1,625	1,672	1,603	1,747	1,745	1,869	1,855	2,563	2,381	2,584	3,527	4,450	4,707	5,618	6,095
Total Assets	31,975	32,990	35,386	36,626	34,227	37,939	31,024	33,804	32,811	47,511	52,627	53,854	50,436	56,147	55,182
+ Payables & Accruals	2,916	3,143	3,403	3,170	2,748	2,950	2,696	2,891	2,974	2,941	3,236	3,314	3,141	3,979	3,225
+ Other Payables & Accruals	1,586	1,581	1,592	1,485	1,391	1,612	1,407	1,425	1,284	1,374	1,527	1,710	1,631	1,903	1,611
+ Accounts Payable	944	961	1,142	1,086	860	875	756	925	1,208	988	741	1,007	980	1,103	1,029
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	387	600	669	599	497	464	534	541	482	579	968	597	530	973	585
+ ST Debt	8	367	- -	- -	- -	- -	77	- -	- -	680	2,945	706	661	2,880	636
+ ST Borrowings	8	367	- -	- -	- -	- -	77	- -	- -	59	2,244	- -	- -	2,192	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	621	702	706	661	688	636
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	695	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	695	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	2,925	3,509	3,403	3,170	2,748	2,950	3,468	2,891	2,974	3,621	6,181	4,020	3,802	6,859	3,861
+ LT Debt	11,497	12,134	13,632	14,130	14,936	24,122	25,878	29,536	31,075	46,876	48,518	48,644	48,038	50,211	51,312
+ LT Borrowings	11,497	12,134	13,632	14,130	14,936	24,122	25,878	29,536	31,075	34,118	35,197	35,623	35,904	37,153	38,424
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	12,758	13,321	13,021	12,134	13,058	12,888
+ Other LT Liabilities	2,919	2,957	3,057	3,317	3,690	3,778	3,881	4,645	5,021	5,224	5,752	5,792	4,599	3,784	3,806
+ Accrued Liabilities	1,332	1,344	1,531	1,648	1,624	1,704	1,817	1,119	1,843	1,979	2,728	2,814	2,755	2,471	2,692
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	1,587	1,613	1,526	1,669	2,066	2,074	2,064	3,525	3,178	3,246	3,025	2,978	1,844	1,313	1,114
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	14,416	15,090	16,690	17,447	18,626	27,900	29,760	34,181	36,096	52,100	54,270	54,435	52,637	53,995	55,118
Total Liabilities	17,341	18,600	20,093	20,617	21,374	30,851	33,228	37,072	39,070	55,721	60,452	58,455	56,439	60,854	58,979
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	5,213	5,504	5,796	6,011	6,256	6,550	6,774	7,089	7,393	7,670	7,920	8,248	8,564	8,910	9,298
+ Additional Paid in Capital	5,196	5,487	5,779	5,994	6,239	6,533	6,758	7,072	7,376	7,654	7,904	8,232	8,547	8,893	9,281
+ Common Stock	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17
- Treasury Stock	25,143	28,271	30,576	32,180	35,177	41,177	52,109	56,504	61,528	66,329	67,066	67,810	71,624	74,640	77,375
+ Retained Earnings	33,812	36,708	39,278	41,751	43,294	44,594	46,223	48,326	50,487	52,930	53,908	57,535	59,544	63,480	66,834
+ Other Equity	753	450	796	428	-1,520	-2,880	-3,093	-2,178	-2,610	-2,483	-2,587	-2,574	-2,487	-2,456	-2,553
Equity Before Minority Interest	14,634	14,390	15,294	16,010	12,853	7,088	-2,204	-3,268	-6,258	-8,210	-7,825	-4,601	-6,003	-4,707	-3,797
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	14,634	14,390	15,294	16,010	12,853	7,088	-2,204	-3,268	-6,258	-8,210	-7,825	-4,601	-6,003	-4,707	-3,797
Total Liabilities & Equity	31,975	32,990	35,386	36,626	34,227	37,939	31,024	33,804	32,811	47,511	52,627	53,854	50,436	56,147	55,182
Shares Outstanding	1,054	1,021	1,003	990	963	907	819	794	767	746	745	745	731	723	715
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	13,379	14,023	13,726	12,796	13,746	13,524
Net Debt	9,118	10,165	11,296	11,331	12,858	16,437	24,732	27,073	30,209	33,279	33,991	30,914	33,320	34,766	37,339
Net Debt to Equity	62.31	70.64	73.86	70.78	100.03	231.9	-1,122	-828.41	-482.7	-405.33	-434.4	-671.89	-555.01	-738.6	-983.38
Tangible Common Equity Ratio	41	38.69	38.33	38.92	32.13	12.91	-15.83	-17.97	-28.18	-24.28	-21.26	-14.46	-18.73	-14.59	-13.34
Current Ratio	1.49	1.25	1.45	1.59	1.52	3.27	1.4	1.84	1.36	0.98	1.01	1.78	1.43	1.16	1.19
Cash Conversion Cycle	-17.23	-9.74	-2.37	-3.53	-1.56	0.22	1.86	4.21	2.49	2.32	9.76	3.16	-3.01	-0.07	1.37
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	4,946	5,503	5,465	5,586	4,758	4,529	4,686	5,192	5,924	6,025	4,730	7,545	6,177	8,469	8,223
+ Depreciation & Amortization	1,276	1,415	1,488	1,585	1,644	1,556	1,516	1,363	1,482	1,618	1,751	1,868	1,871	1,978	2,097
+ Non-Cash Items	248	192	136	141	392	286	-310	-24	33	180	-5	-726	-16	-727	-435
+ Asset Impairment Charge	29	-4	8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	-76	188	134	25	-91	-1	-539	-36	103	150	6	-428	-346	-686	-574
+ Other Non-Cash Adj	212	-79	-100	27	370	178	97	-105	-195	-79	-103	-437	163	-216	-33
+ Stock-Based Compensation	83	86	93	89	113	110	131	118	125	110	92	139	167	175	172
+ Chg in Non-Cash Work Cap	-129	40	-123	-191	-64	168	167	-980	-473	298	-212	454	-645	-108	-438
+ (Inc) Dec in Accts Receiv	-50	-161	-29	56	27	-181	-159	-341	-479	27	-7	310	-264	-161	10
+ Inc (Dec) in Accts Payable	-28	253	-66	-203	-86	304	298	-602	9	143	-137	509	-387	36	-519
+ (Inc) Dec in Inventories	-51	-52	-27	-44	-5	45	28	-37	-2	129	-69	-62	6	17	71
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-302	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	6,342	7,150	6,966	7,121	6,730	6,539	6,060	5,551	6,967	8,122	6,265	9,142	7,387	9,612	9,447
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-2,136	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-2,136	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	87	213	83	167	160	151	27	106	39	95	122
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	87	213	83	167	160	151	27	106	39	95	122
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	194	325	236	259	233	200	866	2,495	429	-200	10	-178	-361	-246	-2,195
+ Cash for Acq of Subs	-183	-186	-158	-181	-170	-141	-110	-77	-102	-541	-66	-374	-807	-441	-2,506
+ Cash from Divestitures	378	511	395	440	403	341	976	2,572	531	341	76	196	446	195	311
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-115	-2,896	-3,404	-2,933	-2,624	-1,834	-1,931	-2,100	-3,045	-3,022	-1,583	-2,094	-2,356	-3,034	-3,273
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-2,056	-2,571	-3,167	-2,674	-2,305	-1,420	-982	562	-2,455	-3,071	-1,546	-2,166	-2,678	-3,185	-5,346
+ Dividends Paid	-2,408	-2,610	-2,897	-3,115	-3,216	-3,230	-3,058	-3,089	-3,256	-3,582	-3,753	-3,919	-4,168	-4,533	-4,870
+ Net Cash From Debt	784	743	1,322	722	992	9,166	2,957	3,078	2,035	2,437	3,131	-1,086	1,172	2,780	-397
+ Cash From Debt	1,932	1,367	2,285	1,417	1,541	10,220	3,780	4,728	3,794	4,499	5,543	1,154	3,374	5,221	2,380
+ Repayments of Debt	-1,148	-624	-963	-695	-548	-1,054	-823	-1,649	-1,760	-2,062	-2,412	-2,240	-2,202	-2,441	-2,777
+ Cash (Repurchase) of Equity	-2,698	-3,363	-2,615	-1,778	-3,199	-6,099	-11,171	-4,686	-5,208	-4,976	-908	-846	-3,896	-3,054	-2,824
+ Decrease in Capital Stock	-2,698	-3,363	-2,615	-1,778	-3,199	-6,099	-11,171	-4,686	-5,208	-4,976	-908	-846	-3,896	-3,054	-2,824
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	594	696	340	128	804	899	10	-614	479	1,126	-720	254	312	433	596
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-3,729	-4,533	-3,850	-4,043	-4,618	735	-11,262	-5,311	-5,950	-4,995	-2,249	-5,596	-6,580	-4,374	-7,495
Effect of Foreign Exchange Rates	34	-98	51	59	-528	-247	-104	264	-160	-24	80	-120	-254	-58	-101
Net Changes in Cash	557	46	-51	404	-193	5,854	-6,184	802	-1,438	56	2,470	1,380	-1,871	2,053	-3,394
Capital Expenditures	-2,136	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	8,580	9,708	9,850	10,102	9,612	8,911	9,337	9,753	10,114	10,568	8,958	11,741	12,216	13,725	13,948
EBITDA Margin (%)	35.64	35.95	35.73	35.94	35.03	35.06	37.92	42.74	47.58	49.46	46.64	50.56	52.7	53.83	53.81
Net Cash Paid for Acquisitions	-194	-325	-236	-259	-233	-200	-866	-2,495	-429	200	-10	178	361	246	2,195
Free Cash Flow	4,206	7,150	6,966	7,121	6,730	6,539	6,060	5,551	6,967	8,122	6,265	9,142	7,387	9,612	9,447
Free Cash Flow to Firm	4,525	7,489	7,316	7,480	7,102	6,980	6,664	6,109	7,710	8,965	7,204	10,122	8,340	10,707	10,644
Free Cash Flow to Equity	4,990	7,893	8,288	7,842	7,810	15,918	9,099	8,796	9,162	10,710	9,424	8,162	8,598	12,487	9,172
Free Cash Flow per Basic Share	3.99	7	6.95	7.19	6.99	7.21	7.4	6.99	9.08	10.88	8.41	12.27	10.1	13.3	13.15
Price/Free Cash Flow	6.68	10.31	9.38	10.28	10.65	13.69	14.3	21.45	17.41	16.58	23.45	20.59	25.25	22.06	22.15
Cash Flow to Net Income	1.28	1.3	1.27	1.27	1.41	1.44	1.29	1.07	1.18	1.35	1.32	1.21	1.2	1.13	1.15

McDonald's Corporation

Income Statement

Balance Sheet

Cash Flow Statement