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: 2020 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 23, 2021) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| REVENUES | |||
| Sales by Company-operated restaurants | $ 8,139,200 | 9,420,800 | 10,012,700 |
| Revenues from franchised restaurants | 10,726,100 | 11,655,700 | 11,012,500 |
| Other Revenues | 342,500 | 287,900 | 232,700 |
| Total revenues | 19,207,800 | 21,364,400 | 21,257,900 |
| OPERATING COSTS AND EXPENSES | |||
| Food & paper | 2,564,200 | 2,980,300 | 3,153,800 |
| Payroll & employee benefits | 2,416,400 | 2,704,400 | 2,937,900 |
| Occupancy & other operating expenses | 2,000,600 | 2,075,900 | 2,174,200 |
| Franchised restaurants occupancy expenses | 2,207,500 | 2,200,600 | 1,973,300 |
| Other Expenses | 267,000 | 223,800 | 186,100 |
| Depreciation, Depletion and Amortization | 300,600 | 262,500 | 214,800 |
| Other Selling, General and Administrative Expense | 2,245,000 | 1,966,900 | 1,985,400 |
| Other operating (income) expense, net | (117,500) | (119,800) | (190,200) |
| Total operating costs and expenses | 11,883,800 | 12,294,600 | 12,435,300 |
| Operating income | 7,324,000 | 9,069,800 | 8,822,600 |
| Interest expense-net of capitalized interest of $6.0, $7.4 and $5.6 | 1,218,100 | 1,121,900 | 981,200 |
| Nonoperating (income) expense, net | (34,800) | (70,200) | 25,300 |
| Income before provision for income taxes | 6,140,700 | 8,018,100 | 7,816,100 |
| Provision for income taxes | 1,410,200 | 1,992,700 | 1,891,800 |
| Net income | 4,730,500 | 6,025,400 | 5,924,300 |
| Earnings per common sharebasic | 6.35 | 7.95 | 7.61 |
| Earnings per common sharediluted | 6.31 | 7.88 | 7.54 |
| Dividends declared per common share | 5.04 | 4.73 | 4.19 |
| Weighted-average shares outstandingbasic | 744,600 | 758,100 | 778,200 |
| Weighted-average shares outstandingdiluted | 750,100 | 764,900 | 785,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MCDONALDS CORP | |||
Ticker: MCD Fiscal Year: 2020 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 23, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net income | $ 4,730,500 | 6,025,400 | 5,924,300 |
| Foreign currency translation adjustments: | |||
| Gain (loss) recognized in accumulated other comprehensive income (AOCI), including net investment hedges | 46,000 | 127,500 | (453,600) |
| Reclassification of (gain) loss to net income | 17,100 | 46,800 | 0 |
| Foreign currency translation adjustments-net of tax benefit (expense) of $204.8, $(55.4), and $(90.7) | 63,100 | 174,300 | (453,600) |
| Cash flow hedges: | |||
| Gain (loss) recognized in AOCI | (129,100) | 17,300 | 46,500 |
| Reclassification of (gain) loss to net income | 5,800 | (37,700) | 2,400 |
| Cash flow hedges-net of tax benefit (expense) of $36.6, $6.1, and $(14.5) | (123,300) | (20,400) | 48,900 |
| Defined benefit pension plans: | |||
| Gain (loss) recognized in AOCI | (43,500) | (24,500) | (27,000) |
| Reclassification of (gain) loss to net income | (400) | (2,600) | 600 |
| Defined benefit pension plans-net of tax benefit (expense) of $9.3, $5.2, and $4.3 | (43,900) | (27,100) | (26,400) |
| Total other comprehensive income (loss), net of tax | (104,100) | 126,800 | (431,100) |
| Comprehensive income | 4,626,400 | 6,152,200 | 5,493,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MCDONALDS CORP | |||
Ticker: MCD Fiscal Year: 2020 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 23, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating activities | |||
| Net income | $ 4,730,500 | 6,025,400 | 5,924,300 |
| Adjustments to reconcile to cash provided by operations | |||
| Charges and credits: | |||
| Depreciation and amortization | 1,751,400 | 1,617,900 | 1,482,000 |
| Deferred income taxes | 6,400 | 149,700 | 102,600 |
| Share-based compensation | 92,400 | 109,600 | 125,100 |
| Net gain on sale of restaurant businesses | (28,200) | (128,200) | (308,800) |
| Other | (75,200) | 49,200 | 114,200 |
| Changes in working capital items: | |||
| Accounts receivable | (6,800) | 27,000 | (479,400) |
| Inventories, prepaid expenses and other current assets | (68,600) | 128,800 | (1,900) |
| Accounts payable | (137,500) | (26,800) | 129,400 |
| Income taxes | (43,600) | 173,400 | (33,400) |
| Other accrued liabilities | 44,400 | (3,900) | (87,400) |
| Cash provided by operations | 6,265,200 | 8,122,100 | 6,966,700 |
| Investing activities | |||
| Capital expenditures | (1,640,800) | (2,393,700) | (2,741,700) |
| Purchases of restaurant and other businesses | (66,100) | (540,900) | (101,700) |
| Sales of restaurant businesses | 76,300 | 340,800 | 530,800 |
| Sales of property | 27,400 | 151,200 | 160,400 |
| Other | 57,400 | (628,500) | (302,900) |
| Cash used for investing activities | (1,545,800) | (3,071,100) | (2,455,100) |
| Financing activities | |||
| Net short-term borrowings | (893,100) | 799,200 | 95,900 |
| Long-term financing issuances | 5,543,000 | 4,499,000 | 3,794,500 |
| Long-term financing repayments | (2,411,700) | (2,061,900) | (1,759,600) |
| Treasury stock purchases | (907,800) | (4,976,200) | (5,207,700) |
| Common stock dividends | (3,752,900) | (3,581,900) | (3,255,900) |
| Proceeds from stock option exercises | 295,500 | 350,500 | 403,200 |
| Other | (122,000) | (23,500) | (20,000) |
| Cash used for financing activities | (2,249,000) | (4,994,800) | (5,949,600) |
| Effect of exchange rates on cash and equivalents | 80,200 | (23,700) | (159,800) |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total | 2,550,600 | 32,500 | (1,597,800) |
| Cash and equivalents at beginning of year | 898,500 | 866,000 | |
| Cash and equivalents at end of year | 3,449,100 | 898,500 | 866,000 |
| Supplemental cash flow disclosures | |||
| Interest Paid | 1,136,000 | 1,066,500 | 959,600 |
| Income taxes paid | 1,441,900 | 1,589,700 | 1,734,400 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MCDONALDS CORP | ||
Ticker: MCD Fiscal Year: 2020 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 23, 2021) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| ASSETS | ||
| Current assets | ||
| Cash and equivalents | $ 3,449,100 | 898,500 |
| Accounts and notes receivable | 2,110,300 | 2,224,200 |
| Inventories, at cost, not in excess of market | 51,100 | 50,200 |
| Prepaid expenses and other current assets | 632,700 | 385,000 |
| Total current assets | 6,243,200 | 3,557,900 |
| Other assets | ||
| Investments in and advances to affiliates | 1,297,200 | 1,270,300 |
| Goodwill | 2,773,100 | 2,677,400 |
| Miscellaneous | 3,527,400 | 2,584,000 |
| Total other assets | 7,597,700 | 6,531,700 |
| Lease right-of-use asset, net | 13,827,700 | 13,261,200 |
| Property and equipment | ||
| Property and equipment, at cost | 41,476,500 | 39,050,900 |
| Accumulated depreciation and amortization | (16,518,300) | (14,890,900) |
| Net property and equipment | 24,958,200 | 24,160,000 |
| Total assets | 52,626,800 | 47,510,800 |
| LIABILITIES AND SHAREHOLDERS EQUITY | ||
| Current liabilities | ||
| Accounts payable | 741,300 | 988,200 |
| Lease liability | 701,500 | 621,000 |
| Income taxes | 741,100 | 331,700 |
| Other taxes | 227,000 | 247,500 |
| Accrued interest | 388,400 | 337,800 |
| Accrued payroll and other liabilities | 1,138,300 | 1,035,700 |
| Current maturities of long term debt | 2,243,600 | 59,100 |
| Total current liabilities | 6,181,200 | 3,621,000 |
| Long-term debt | 35,196,800 | 34,118,100 |
| Long-term lease liability | 13,321,300 | 12,757,800 |
| Long-term income taxes | 1,970,700 | 2,265,900 |
| Deferred revenues - initial franchise fees | 702,000 | 660,600 |
| Other long-term liabilities | 1,054,100 | 979,600 |
| Deferred Income Taxes | 2,025,600 | 1,318,100 |
| 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 | 7,903,600 | 7,653,900 |
| Retained earnings | 53,908,100 | 52,930,500 |
| Accumulated other comprehensive income (loss) | (2,586,800) | (2,482,700) |
| Common stock in treasury, at cost; 915.2 and 914.3 million shares | (67,066,400) | (66,328,600) |
| Total shareholders' equity (deficit) | (7,824,900) | (8,210,300) |
| Total liabilities and shareholders' equity (deficit) | 52,626,800 | 47,510,800 |
| External Links | |
| MCDONALDS CORP (MCD) Fiscal Year 2020 | |
| 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 |