$MCD
MCDONALDS CORP

2024 Q1 Form 10-Q Financial Statement

#000006390824000092 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $6.169B $6.406B
YoY Change 4.6% 8.09%
Cost Of Revenue $2.730B $2.752B
YoY Change 5.64% 9.31%
Gross Profit $3.439B $3.654B
YoY Change 3.78% 7.2%
Gross Profit Margin 55.75% 57.04%
Selling, General & Admin $622.0M $730.9M
YoY Change 12.42% 1.47%
% of Gross Profit 18.09% 20.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $99.00M $90.50M
YoY Change -0.3% -0.98%
% of Gross Profit 2.88% 2.48%
Operating Expenses $720.0M $852.3M
YoY Change -7.83% 3.16%
Operating Profit $2.719B $2.802B
YoY Change 7.37% 8.49%
Interest Expense -$285.0M -$360.2M
YoY Change -13.56% 11.55%
% of Operating Profit -10.48% -12.86%
Other Income/Expense, Net $3.000M $73.30M
YoY Change -95.33% -7.33%
Pretax Income $2.409B $2.515B
YoY Change 6.26% 7.53%
Income Tax $479.0M $476.0M
% Of Pretax Income 19.88% 18.93%
Net Earnings $1.929B $2.039B
YoY Change 7.03% 7.12%
Net Earnings / Revenue 31.27% 31.83%
Basic Earnings Per Share $2.67
Diluted Earnings Per Share $2.66 $2.80
COMMON SHARES
Basic Shares Outstanding 722.1M shares
Diluted Shares Outstanding 725.9 shares

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $838.0M $4.579B
YoY Change -77.4% 77.23%
Cash & Equivalents $838.0M $4.579B
Short-Term Investments
Other Short-Term Assets $935.0M $919.1M
YoY Change -2.97% 26.7%
Inventory $46.00M $52.80M
Prepaid Expenses
Receivables $2.238B $2.488B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.057B $7.986B
YoY Change -40.33% 47.24%
LONG-TERM ASSETS
Property, Plant & Equipment $24.68B $38.42B
YoY Change 3.45% 5.73%
Goodwill $3.028B $3.040B
YoY Change 3.32% 4.83%
Intangibles
YoY Change
Long-Term Investments $2.883B $1.080B
YoY Change 165.08% 1.47%
Other Assets $5.586B $9.738B
YoY Change 16.5% 12.3%
Total Long-Term Assets $49.46B $48.16B
YoY Change 9.38% 7.0%
TOTAL ASSETS
Total Short-Term Assets $4.057B $7.986B
Total Long-Term Assets $49.46B $48.16B
Total Assets $53.51B $56.15B
YoY Change 2.88% 11.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $936.0M $1.103B
YoY Change 15.3% 12.52%
Accrued Expenses $2.472B $2.813B
YoY Change -0.84% 10.45%
Deferred Revenue
YoY Change
Short-Term Debt $604.0M $347.6M
YoY Change 15.22%
Long-Term Debt Due $604.0M $1.890B
YoY Change 15.22%
Total Short-Term Liabilities $4.886B $6.859B
YoY Change 5.65% 80.4%
LONG-TERM LIABILITIES
Long-Term Debt $36.76B $37.15B
YoY Change 0.44% 3.48%
Other Long-Term Liabilities $927.0M $15.16B
YoY Change -12.5% 2.88%
Total Long-Term Liabilities $37.69B $52.31B
YoY Change 0.07% 3.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.886B $6.859B
Total Long-Term Liabilities $37.69B $52.31B
Total Liabilities $42.58B $60.85B
YoY Change 0.68% 7.82%
SHAREHOLDERS EQUITY
Retained Earnings $64.20B $63.48B
YoY Change 6.59% 6.61%
Common Stock $17.00M $16.60M
YoY Change 2.41% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $75.52B $74.64B
YoY Change 4.64% 4.21%
Treasury Stock Shares 937.9M shares
Shareholders Equity -$4.833B -$4.707B
YoY Change
Total Liabilities & Shareholders Equity $53.51B $56.15B
YoY Change 2.88% 11.32%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $1.929B $2.039B
YoY Change 7.03% 7.12%
Depreciation, Depletion And Amortization $99.00M $90.50M
YoY Change -0.3% -0.98%
Cash From Operating Activities $2.390B $2.489B
YoY Change -1.27% 13.06%
INVESTING ACTIVITIES
Capital Expenditures $547.0M $757.3M
YoY Change 8.68% -243.18%
Acquisitions
YoY Change
Other Investing Activities $124.0M -$82.10M
YoY Change -30.8% -84.86%
Cash From Investing Activities -$2.493B -$839.4M
YoY Change 236.3% -21.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$842.5M
YoY Change 127.09%
Debt Paid & Issued, Net $1.285B
YoY Change
Cash From Financing Activities -$3.661B -585.7M
YoY Change 555.62% -61.39%
NET CHANGE
Cash From Operating Activities $2.390B 2.489B
Cash From Investing Activities -$2.493B -839.4M
Cash From Financing Activities -$3.661B -585.7M
Net Change In Cash -$3.742B 1.064B
YoY Change -432.83% -374.95%
FREE CASH FLOW
Cash From Operating Activities $2.390B $2.489B
Capital Expenditures $547.0M $757.3M
Free Cash Flow $1.843B $1.732B
YoY Change -3.88% -36.58%

Facts In Submission

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1206000000 usd
CY2024Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
921000000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
50000000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
99000000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-4833000000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
27000000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.199
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.205
CY2024Q1 us-gaap Revenues
Revenues
6169000000 usd
CY2024Q1 us-gaap Number Of Restaurants
NumberOfRestaurants
42018 restaurant
CY2023Q1 us-gaap Number Of Restaurants
NumberOfRestaurants
40535 restaurant
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4100000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4600000 shares
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2100000 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2300000 shares
CY2024Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
44000000 usd
CY2024Q1 us-gaap Restructuring Reserve
RestructuringReserve
59000000 usd
CY2024Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
44000000 usd
CY2024Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
63000000 usd
CY2024Q1 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
1000000 usd
CY2024Q1 us-gaap Restructuring Reserve
RestructuringReserve
39000000 usd
CY2024Q1 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
250000000 usd
CY2024Q1 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
1448000000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
34000000 usd
CY2024Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
35700000000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
37400000000 usd
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
233000000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
210000000 usd
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
75000000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
118000000 usd
CY2024Q1 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
32000000 usd
CY2024Q1 mcd Rental Income
RentalIncome
2381000000 usd
CY2023Q1 mcd Rental Income
RentalIncome
2270000000 usd
CY2024Q1 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
1326000000 usd
CY2023Q1 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
1303000000 usd
CY2024Q1 mcd Initial Fees
InitialFees
15000000 usd
CY2023Q1 mcd Initial Fees
InitialFees
15000000 usd
CY2024Q1 mcd Revenuesfromfranchisedrestaurants
Revenuesfromfranchisedrestaurants
3723000000 usd
CY2023Q1 mcd Revenuesfromfranchisedrestaurants
Revenuesfromfranchisedrestaurants
3588000000 usd
CY2023Q1 us-gaap Revenues
Revenues
5898000000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2736000000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2532000000 usd

Files In Submission

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mcd-20240331_lab.xml Edgar Link unprocessable
mcd-20240331_def.xml Edgar Link unprocessable
mcd-20240331_cal.xml Edgar Link unprocessable
0000063908-24-000092-index-headers.html Edgar Link pending
0000063908-24-000092-index.html Edgar Link pending
0000063908-24-000092.txt Edgar Link pending
0000063908-24-000092-xbrl.zip Edgar Link pending
10Q03312024.pdf Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mcd-20240331.htm Edgar Link pending
mcd-20240331.xsd Edgar Link pending
mcd-3312024xex31110xqxq1.htm Edgar Link pending
mcd-3312024xex31210xqxq1.htm Edgar Link pending
mcd-3312024xex32110xqxq1.htm Edgar Link pending
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mcd-20240331_htm.xml Edgar Link completed
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report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
mcd-20240331_pre.xml Edgar Link unprocessable