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MCD

MCDONALDS CORPeval run
10-K for period ending 2025-12-31gpt-6-luna@none · prompt v4$0.00062.7s10/10 correct vs SECfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$26.9BR5 Total revenues26,885 millions$26.9B ✓
Operating income$12.4BR18 Operating income12,393 millions$12.4B ✓
Net income attributable to the company$8.6BR23 Net income8,563 millions$8.6B ✓
Diluted EPS$11.95R25 Earnings per common share-diluted11.95$11.95 ✓
Cash and cash equivalents$774.0MR3 Cash and equivalents774 millions$774.0M ✓
Total assets$59.5BR18 Total assets59,515 millions$59.5B ✓
Total liabilities-not printed on this statement--
Total shareholders' equity attributable to the company-$1.8BR41 Total shareholders’ equity (deficit)(1,791) millions-$1.8B ✓
Net cash from operating activities$10.6BR16 Cash provided by operations10,551 millions$10.6B ✓
Net cash from investing activities-$3.8BR24 Cash used for investing activities(3,822) millions-$3.8B ✓
Net cash from financing activities-$7.1BR33 Cash used for financing activities(7,125) millions-$7.1B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · not applicable: no noncontrolling interest line printed
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · not applicable: no noncontrolling interest line printed
  • cash flows tie to the change in cash · not applicable: missing a section total or no net change in cash line

trace

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Income statement

table #33 · current period is figure column 1
0In millions, except per share dataYears ended December 31, 202520242023
1REVENUES
2Revenues from franchised restaurants16,54815,71515,437
3Sales by Company-owned and operated restaurants9,6909,7829,742
4Other revenues647423316
5Total revenues← Total revenue26,88525,92025,494
6OPERATING COSTS AND EXPENSES
7Franchised restaurants-occupancy expenses2,6182,5362,475
8Company-owned and operated restaurant expenses
9Food & paper3,0062,9953,039
10Payroll & employee benefits2,9052,9592,886
11Occupancy & other operating expenses2,3582,3812,299
12Other restaurant expenses564339232
13Selling, general & administrative expenses
14Depreciation and amortization457447382
15Other2,5832,4122,435
16Other operating (income) expense, net213999
17Total operating costs and expenses14,49214,20813,847
18Operating income← Operating income12,39311,71211,647
19Interest expense-net of capitalized interest of $29, $22 and $141,5821,5061,361
20Nonoperating (income) expense, net(87)(139)(236)
21Income before provision for income taxes10,89710,34510,522
22Provision for income taxes2,3342,1212,053
23Net income← Net income attributable to the company8,5638,2238,469
24Earnings per common share-basic12.0011.4511.63
25Earnings per common share-diluted← Diluted EPS11.9511.3911.56
26Dividends declared per common share7.176.786.23
27Weighted-average shares outstanding-basic713.4718.3727.9
28Weighted-average shares outstanding-diluted716.4721.9732.3

Balance sheet

table #35 · current period is figure column 1
0In millions, except per share dataDecember 31, 20252024
1ASSETS
2Current assets
3Cash and equivalents← Cash and cash equivalents7741,085
4Accounts and notes receivable2,4662,383
5Inventories, at cost, not in excess of market6156
6Prepaid expenses and other current assets8631,074
7Total current assets4,1634,599
8Other assets
9Investments in and advances to affiliates2,8202,710
10Goodwill3,3543,145
11Miscellaneous6,3316,095
12Total other assets12,50511,950
13Lease right-of-use asset, net14,60613,339
14Property and equipment
15Property and equipment, at cost49,29044,177
16Accumulated depreciation and amortization(21,049)(18,882)
17Net property and equipment28,24125,295
18Total assets← Total assets59,51555,182
19LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
20Current liabilities
21Accounts payable1,1491,029
22Lease liability694636
23Income taxes250361
24Other taxes247224
25Accrued interest533482
26Accrued payroll and other liabilities1,4881,129
27Total current liabilities4,3613,861
28Long-term debt39,97338,424
29Long-term lease liability14,14712,888
30Long-term income taxes139344
31Deferred revenues - initial franchise fees945778
32Other long-term liabilities704771
33Deferred income taxes1,0381,914
34Shareholders’ equity (deficit)
35Preferred stock, no par value; authorized - 165.0 million shares; issued - none--
36Common stock, $0.01 par value; authorized - 3.5 billion shares; issued - 1,660.6 million shares1717
37Additional paid-in capital9,6419,281
38Retained earnings70,28266,834
39Accumulated other comprehensive income (loss)(2,414)(2,553)
40Common stock in treasury, at cost; 950.0 and 945.4 million shares(79,316)(77,375)
41Total shareholders’ equity (deficit)← Total shareholders' equity attributable to the company(1,791)(3,797)
42Total liabilities and shareholders’ equity (deficit)59,51555,182

Cash flow statement

table #36 · current period is figure column 1
0In millionsYears ended December 31, 202520242023
1Operating activities
2Net income8,5638,2238,469
3Adjustments to reconcile to cash provided by operations
4Charges and credits:
5Depreciation and amortization2,1992,0971,978
6Deferred income taxes(126)(574)(686)
7Share-based compensation165172175
8Net (gain) loss on sale of restaurant and other businesses(149)(37)(103)
9Other(207)3(113)
10Changes in working capital items:
11Accounts receivable23110(161)
12Inventories, prepaid expenses and other current assets(140)7117
13Accounts payable100(10)50
14Income taxes(239)(292)(220)
15Other accrued liabilities154(217)206
16Cash provided by operations← Net cash from operating activities10,5519,4479,612
17Investing activities
18Capital expenditures(3,365)(2,775)(2,357)
19Purchases of restaurant businesses(354)(669)(441)
20Purchases of equity method investments-(1,837)-
21Sales of restaurant and other businesses346311195
22Sales of property13012295
23Other(579)(498)(676)
24Cash used for investing activities← Net cash from investing activities(3,822)(5,346)(3,185)
25Financing activities
26Net short-term borrowings6326213
27Long-term financing issuances4,7242,3805,221
28Long-term financing repayments(4,802)(2,777)(2,441)
29Treasury stock purchases(2,056)(2,824)(3,054)
30Common stock dividends(5,115)(4,870)(4,533)
31Proceeds from stock option exercises285328260
32Other(167)(56)(40)
33Cash used for financing activities← Net cash from financing activities(7,125)(7,495)(4,374)
34Effect of exchange rates on cash and equivalents86(101)(58)
35Cash and equivalents increase (decrease)(311)(3,494)1,996
36Cash and equivalents at beginning of year1,0854,5792,584
37Cash and equivalents at end of year7741,0854,579
38Supplemental cash flow disclosures
39Interest paid1,5551,5231,287