10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MCDONALDS CORP | |||
Ticker: MCD Fiscal Year: 2017 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| REVENUES | |||
| Sales by Company-operated restaurants | $ 12,718,900 | 15,295,000 | 16,488,300 |
| Revenues from franchised restaurants | 10,101,500 | 9,326,900 | 8,924,700 |
| Total revenues | 22,820,400 | 24,621,900 | 25,413,000 |
| OPERATING COSTS AND EXPENSES | |||
| Food & paper | 4,033,500 | 4,896,900 | 5,552,200 |
| Payroll & employee benefits | 3,528,500 | 4,134,200 | 4,400,000 |
| Occupancy & other operating expenses | 2,847,600 | 3,667,700 | 4,024,700 |
| Franchised restaurants-occupancy expenses | 1,790,000 | 1,718,400 | 1,646,900 |
| Selling, general & administrative expenses | 2,231,300 | 2,384,500 | 2,434,300 |
| Other operating (income) expense, net | (1,163,200) | 75,700 | 209,400 |
| Total operating costs and expenses | 13,267,700 | 16,877,400 | 18,267,500 |
| Operating income | 9,552,700 | 7,744,500 | 7,145,500 |
| Interest expense-net of capitalized interest of $5.3, $7.1 and $9.4 | 921,300 | 884,800 | 638,300 |
| Nonoperating (income) expense, net | 57,900 | (6,300) | (48,500) |
| Income before provision for income taxes | 8,573,500 | 6,866,000 | 6,555,700 |
| Provision for income taxes | 3,381,200 | 2,179,500 | 2,026,400 |
| Net income | 5,192,300 | 4,686,500 | 4,529,300 |
| Earnings per common sharebasic | 6.43 | 5.49 | 4.82 |
| Earnings per common sharediluted | 6.37 | 5.44 | 4.80 |
| Dividends declared per common share | 3.83 | 3.61 | 3.44 |
| Weighted-average shares outstandingbasic | 807,400 | 854,400 | 939,400 |
| Weighted-average shares outstandingdiluted | 815,500 | 861,200 | 944,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MCDONALDS CORP | |||
Ticker: MCD Fiscal Year: 2017 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net income | $ 5,192,300 | 4,686,500 | 4,529,300 |
| Foreign currency translation adjustments: | |||
| Gain (loss) recognized in accumulated other comprehensive income (AOCI), including net investment hedges | 827,700 | (272,800) | (1,347,400) |
| Reclassification of (gain) loss to net income | 109,300 | 94,000 | 1,300 |
| Foreign currency translation adjustments-net of tax benefit (expense) of $453.1, $(264.4), and $(209.8) | 937,000 | (178,800) | (1,346,100) |
| Cash flow hedges: | |||
| Gain (loss) recognized in AOCI | (48,400) | 18,500 | 22,200 |
| Reclassification of (gain) loss to net income | 9,000 | (15,600) | (33,200) |
| Cash flow hedges-net of tax benefit (expense) of $22.4, $(1.6), and $6.2 | (39,400) | 2,900 | (11,000) |
| Defined benefit pension plans: | |||
| Gain (loss) recognized in AOCI | 16,300 | (47,100) | (5,400) |
| Reclassification of (gain) loss to net income | 600 | 9,900 | 2,400 |
| Defined benefit pension plans-net of tax benefit (expense) of $(3.9), $(10.0), and $1.3 | 16,900 | (37,200) | (3,000) |
| Total other comprehensive income (loss), net of tax | 914,500 | (213,100) | (1,360,100) |
| Comprehensive income | 6,106,800 | 4,473,400 | 3,169,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MCDONALDS CORP | |||
Ticker: MCD Fiscal Year: 2017 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating activities | |||
| Net income | $ 5,192,300 | 4,686,500 | 4,529,300 |
| Adjustments to reconcile to cash provided by operations | |||
| Charges and credits: | |||
| Depreciation and amortization | 1,363,400 | 1,516,500 | 1,555,700 |
| Deferred income taxes | (36,400) | (538,600) | (1,400) |
| Share-based compensation | 117,500 | 131,300 | 110,000 |
| Net gain on sale of restaurant businesses | (1,155,800) | (310,700) | (163,900) |
| Other | 1,050,700 | 407,600 | 341,500 |
| Changes in working capital items: | |||
| Accounts receivable | (340,700) | (159,000) | (180,600) |
| Inventories, prepaid expenses and other current assets | (37,300) | 28,100 | 44,900 |
| Accounts payable | (59,700) | 89,800 | (15,000) |
| Income taxes | (396,400) | 169,700 | (64,400) |
| Other accrued liabilities | (146,400) | 38,400 | 383,000 |
| Cash provided by operations | 5,551,200 | 6,059,600 | 6,539,100 |
| Investing activities | |||
| Capital expenditures | (1,853,700) | (1,821,100) | (1,813,900) |
| Purchases of restaurant businesses | (77,000) | (109,500) | (140,600) |
| Sales of restaurant businesses | 974,800 | 975,600 | 341,100 |
| Proceeds from sale of businesses in China and Hong Kong | 1,597,000 | 0 | 0 |
| Sales of property | 166,800 | 82,900 | 213,100 |
| Other | (245,900) | (109,500) | (19,700) |
| Cash provided by (used for) investing activities | 562,000 | (981,600) | (1,420,000) |
| Financing activities | |||
| Net short-term borrowings | (1,050,300) | (286,200) | 589,700 |
| Long-term financing issuances | 4,727,500 | 3,779,500 | 10,220,000 |
| Long-term financing repayments | (1,649,400) | (822,900) | (1,054,500) |
| Treasury stock purchases | (4,685,700) | (11,171,000) | (6,099,200) |
| Common stock dividends | (3,089,200) | (3,058,200) | (3,230,300) |
| Proceeds from stock option exercises | 456,800 | 299,400 | 317,200 |
| Excess tax benefit on share-based compensation | 0 | 0 | 51,100 |
| Other | (20,500) | (3,000) | (58,700) |
| Cash provided by (used for) financing activities | (5,310,800) | (11,262,400) | 735,300 |
| Effect of exchange rates on cash and equivalents | 264,000 | (103,700) | (246,800) |
| Cash and equivalents increase (decrease) | 1,066,400 | (6,288,100) | 5,607,600 |
| Change in cash balances of businesses held for sale | 174,000 | (174,000) | 0 |
| Cash and equivalents at beginning of year | 1,223,400 | 7,685,500 | |
| Cash and equivalents at end of year | 2,463,800 | 1,223,400 | 7,685,500 |
| Supplemental cash flow disclosures | |||
| Interest paid | 885,200 | 873,500 | 640,800 |
| Income taxes paid | 2,786,300 | 2,387,500 | 1,985,400 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MCDONALDS CORP | ||
Ticker: MCD Fiscal Year: 2017 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| ASSETS | ||
| Current assets | ||
| Cash and equivalents | $ 2,463,800 | 1,223,400 |
| Accounts and notes receivable | 1,976,200 | 1,474,100 |
| Inventories, at cost, not in excess of market | 58,800 | 58,900 |
| Prepaid expenses and other current assets | 828,400 | 565,200 |
| Assets of businesses held for sale | 0 | 1,527,000 |
| Total current assets | 5,327,200 | 4,848,600 |
| Other assets | ||
| Investments in and advances to affiliates | 1,085,700 | 725,900 |
| Goodwill | 2,379,700 | 2,336,500 |
| Miscellaneous | 2,562,800 | 1,855,300 |
| Total other assets | 6,028,200 | 4,917,700 |
| Property and equipment | ||
| Property and equipment, at cost | 36,626,400 | 34,443,400 |
| Accumulated depreciation and amortization | (14,178,100) | (13,185,800) |
| Net property and equipment | 22,448,300 | 21,257,600 |
| Total assets | 33,803,700 | 31,023,900 |
| LIABILITIES AND SHAREHOLDERS EQUITY | ||
| Current liabilities | ||
| Accounts payable | 924,800 | 756,000 |
| Income taxes | 265,800 | 267,200 |
| Other taxes | 275,400 | 266,300 |
| Accrued interest | 278,400 | 247,500 |
| Accrued payroll and other liabilities | 1,146,200 | 1,159,300 |
| Current maturities of long term debt | 0 | 77,200 |
| Liabilities of businesses held for sale | 0 | 694,800 |
| Total current liabilities | 2,890,600 | 3,468,300 |
| Long-term debt | 29,536,400 | 25,878,500 |
| Long-term income taxes | 2,370,900 | 1,010,600 |
| Other long-term liabilities | 1,154,400 | 1,053,700 |
| Deferred income taxes | 1,119,400 | 1,817,100 |
| Shareholders' equity (deficit) | ||
| Preferred stock, no par value; authorized 165.0 million shares; issued none | 0 | 0 |
| Common stock, $.01 par value; authorized 3.5 billion shares; issued 1,660.6 million shares | 16,600 | 16,600 |
| Additional paid-in capital | 7,072,400 | 6,757,900 |
| Retained earnings | 48,325,800 | 46,222,700 |
| Accumulated other comprehensive income | (2,178,400) | (3,092,900) |
| Common stock in treasury, at cost; 866.5 and 841.3 million shares | (56,504,400) | (52,108,600) |
| Total shareholders' equity (deficit) | (3,268,000) | (2,204,300) |
| Total liabilities and shareholders' equity (deficit) | 33,803,700 | 31,023,900 |
| External Links | |
| MCDONALDS CORP (MCD) Fiscal Year 2017 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |