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: 2010 | |||
CONSOLIDATED STATEMENT OF INCOME | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenues | |||
| Sales by Company-operated restaurants | $ 16,233,300 | 15,458,500 | 16,560,900 |
| Revenues from franchised restaurants | 7,841,300 | 7,286,200 | 6,961,500 |
| Total revenues | 24,074,600 | 22,744,700 | 23,522,400 |
| OPERATING COSTS AND EXPENSES | |||
| Company-operated restaurant expenses | |||
| Food & paper | 5,300,100 | 5,178,000 | 5,586,100 |
| Payroll & employee benefits | 4,121,400 | 3,965,600 | 4,300,100 |
| Occupancy & other operating expenses | 3,638,000 | 3,507,600 | 3,766,700 |
| Franchised restaurants-occupancy expenses | 1,377,800 | 1,301,700 | 1,230,300 |
| Selling, general & administrative expenses | 2,333,300 | 2,234,200 | 2,355,500 |
| Impairment and other charges (credits), net | 29,100 | (61,100) | 6,000 |
| Other operating (income) expense, net | (198,200) | (222,300) | (165,200) |
| Total operating costs and expenses | 16,601,500 | 15,903,700 | 17,079,500 |
| Operating income | 7,473,100 | 6,841,000 | 6,442,900 |
| Interest expense-net of capitalized interest of $12.0, $11.7 and $12.3 | 450,900 | 473,200 | 522,600 |
| Nonoperating (income) expense, net | 21,900 | (24,300) | (77,600) |
| Gain on sale of investment | (94,900) | (160,100) | |
| Income before provision for income taxes | 7,000,300 | 6,487,000 | 6,158,000 |
| Provision for income taxes | 2,054,000 | 1,936,000 | 1,844,800 |
| Net income | 4,946,300 | 4,551,000 | 4,313,200 |
| Earnings per common share-basic | 4.64 | 4.17 | 3.83 |
| Earnings per common share-diluted | 4.58 | 4.11 | 3.76 |
| Dividends declared per common share | 2.26 | 2.05 | 1.62 |
| Weighted-average shares outstanding-basic | 1,066,000 | 1,092,200 | 1,126,600 |
| Weighted-average shares outstanding-diluted | 1,080,300 | 1,107,400 | 1,146,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MCDONALDS CORP | |||
Ticker: MCD Fiscal Year: 2010 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Operating activities | |||
| Net income | $ 4,946,300 | 4,551,000 | 4,313,200 |
| Adjustments to reconcile to cash provided by operations | |||
| Charges and credits: | |||
| Depreciation and amortization | 1,276,200 | 1,216,200 | 1,207,800 |
| Deferred income taxes | (75,700) | 203,000 | 101,500 |
| Impairment and other charges (credits), net | 29,100 | (61,100) | 6,000 |
| Gain on sale of investment | (94,900) | (160,100) | |
| Share-based compensation | 83,100 | 112,900 | 112,500 |
| Other | 211,600 | (347,100) | 90,500 |
| Changes in working capital items: | |||
| Accounts receivable | (50,100) | (42,000) | 16,100 |
| Inventories, prepaid expenses and other current assets | (50,800) | 1,000 | (11,000) |
| Accounts payable | (39,800) | (2,200) | (40,100) |
| Income taxes | 54,900 | 212,100 | 195,700 |
| Other accrued liabilities | (43,200) | 2,100 | 85,100 |
| Cash provided by operations | 6,341,600 | 5,751,000 | 5,917,200 |
| Investing activities | |||
| Property and equipment expenditures | (2,135,500) | (1,952,100) | (2,135,700) |
| Purchases of restaurant businesses | (183,400) | (145,700) | (147,000) |
| Sales of restaurant businesses and property | 377,900 | 406,000 | 478,800 |
| Proceeds on sale of investment | 144,900 | 229,400 | |
| Other | (115,000) | (108,400) | (50,200) |
| Cash used for investing activities | (2,056,000) | (1,655,300) | (1,624,700) |
| Financing activities | |||
| Net short-term borrowings | 3,100 | (285,400) | 266,700 |
| Long-term financing issuances | 1,931,800 | 1,169,300 | 3,477,500 |
| Long-term financing repayments | (1,147,500) | (664,600) | (2,698,500) |
| Treasury stock purchases | (2,698,500) | (2,797,400) | (3,919,300) |
| Common stock dividends | (2,408,100) | (2,235,500) | (1,823,400) |
| Proceeds from stock option exercises | 463,100 | 332,100 | 548,200 |
| Excess tax benefit on share-based compensation | 128,700 | 73,600 | 124,100 |
| Other | (1,300) | (13,100) | (89,800) |
| Cash used for financing activities | (3,728,700) | (4,421,000) | (4,114,500) |
| Effect of exchange rates on cash and equivalents | 34,100 | 57,900 | (95,900) |
| Cash and equivalents increase (decrease) | 591,000 | (267,400) | 82,100 |
| Cash and equivalents at beginning of year | 1,796,000 | 2,063,400 | |
| Cash and equivalents at end of year | 2,387,000 | 1,796,000 | 2,063,400 |
| Supplemental cash flow disclosures | |||
| Interest paid | 457,900 | 468,700 | 507,800 |
| Income taxes paid | 1,708,500 | 1,683,500 | 1,294,700 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MCDONALDS CORP | ||
Ticker: MCD Fiscal Year: 2010 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| ASSETS | ||
| Current assets | ||
| Cash and equivalents | $ 2,387,000 | 1,796,000 |
| Accounts and notes receivable | 1,179,100 | 1,060,400 |
| Inventories, at cost, not in excess of market | 109,900 | 106,200 |
| Prepaid expenses and other current assets | 692,500 | 453,700 |
| Total current assets | 4,368,500 | 3,416,300 |
| Other assets | ||
| Investments in and advances to affiliates | 1,335,300 | 1,212,700 |
| Goodwill | 2,586,100 | 2,425,200 |
| Miscellaneous | 1,624,700 | 1,639,200 |
| Total other assets | 5,546,100 | 5,277,100 |
| Property and equipment | ||
| Property and equipment, at cost | 34,482,400 | 33,440,500 |
| Accumulated depreciation and amortization | (12,421,800) | (11,909,000) |
| Net property and equipment | 22,060,600 | 21,531,500 |
| Total assets | 31,975,200 | 30,224,900 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | 943,900 | 636,000 |
| Income taxes | 111,300 | 202,400 |
| Other taxes | 275,600 | 277,400 |
| Accrued interest | 200,700 | 195,800 |
| Accrued payroll and other liabilities | 1,384,900 | 1,659,000 |
| Current maturities of long-term debt | 8,300 | 18,100 |
| Total current liabilities | 2,924,700 | 2,988,700 |
| Long-term debt | 11,497,000 | 10,560,300 |
| Other long-term liabilities | 1,586,900 | 1,363,100 |
| Deferred income taxes | 1,332,400 | 1,278,900 |
| Shareholders' equity | ||
| Preferred stock, no par value; authorized - 165.0 million shares; issued - none | ||
| Common stock, $.01 par value; authorized - 3.5 billion shares; issued - 1,660.6 million shares | 16,600 | 16,600 |
| Additional paid-in capital | 5,196,400 | 4,853,900 |
| Retained earnings | 33,811,700 | 31,270,800 |
| Accumulated other comprehensive income | 752,900 | 747,400 |
| Common stock in treasury, at cost; 607.0 and 583.9 million shares | (25,143,400) | (22,854,800) |
| Total shareholders' equity | 14,634,200 | 14,033,900 |
| Total liabilities and shareholders' equity | 31,975,200 | 30,224,900 |
| External Links | |
| MCDONALDS CORP (MCD) Fiscal Year 2010 | |
| 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 |