Financial Statements

McDonalds Corporation Income Statement

Income

2011

2010

2009

Revenue

27.01B 24.07B 22.74B

Cost of Revenue

16.32B

Gross Profit

10.69B 9.637B 8.792B

14.44B

13.95B

Research & Development Expense

Selling, General, & Admin. Expense

2.394B

2.333B

2.234B

Depreciation & Amortization

Operating Interest Expense
Other Operating Income (Expense)

236.80M 169.10M 283.40M

Total Operating Expenses

18.48B 16.60B 15.90B

Operating Income

8.530B 7.473B 6.841B

Non-Operating Income

-517.50M-472.80M-354.00M

Pretax Income

8.012B 7.000B 6.487B

Provision for Income Taxes

2.509B

2.054B

1.936B

Income after Tax

5.503B

4.946B

4.551B

Minority Interest
Equity In Affiliates
Income Before Extraordinaries & Disc. Operations

5.503B 4.946B 4.551B

Investment Gains/Losses
Other Income/Charges
Income from Discontinued Operations
Net Income

5.503B 4.946B 4.551B

Earnings Per Share Data

2011

2010

2009

Average Shares to compute diluted EPS

1045

1080

1107

Average Shares to compute basic EPS

1032

1066

1092

EPS - Basic net

5.33

4.64

4.17

EPS - Diluted net

5.27

4.58

4.11

McDonalds Corporation Balance Sheet

Assets

2011

2010

2009

Cash & Short Term Investments

2.336B

2.387B

1.796B

Receivables

1.335B

1.179B

1.060B

Inventory

116.80M

109.90M

106.20M

Prepaid Expenses

615.80M

692.50M

453.70M

Total Current Assets

4.403B

4.368B

3.416B

Gross Property, Plant & Equipment

35.74B

34.48B

33.44B

Accumulated Depreciation

12.90B

12.42B

11.91B

Net Property, Plant & Equipment

22.83B

22.06B

21.53B

Long Term Investments

1.427B

1.335B

1.213B

Goodwill & Intangibles

2.653B

2.586B

2.425B

Other Long Term Assets

1.672B

1.625B

1.639B

Total Long Term Assets

28.59B

27.61B

26.81B

Total Assets

32.99B

31.98B

30.22B

Other Current Assets

Liabilities

2011

2010

2009

Current Portion of Long Term Debt

366.60M

8.30M

18.10M

Accounts Payable

961.30M

943.90M

636.00M

1.581B

1.586B

1.855B

Total Current Liabilities

3.509B

2.925B

2.989B

Total Long Term Debt

12.13B

11.50B

10.56B

Deferred Income Tax

1.344B

1.332B

1.279B

Other Long Term Liabilities

1.613B

1.587B

1.363B

Total Long Term Liabilities

15.09B

14.42B

13.20B

Total Liabilities

18.60B

17.34B

16.19B

2011

2010

2009

1.021B

1.054B

1.077B

Common Stock, Net

16.60M

16.60M

16.60M

Additional Paid-in Capital

5.487B

5.196B

4.854B

Retained Earnings

36.71B

33.81B

31.27B

Treasury Stock

28.27B

25.14B

22.85B

Shareholder's Equity

15.29B

14.39B

14.63B

Total Liabilities & Shareholder's Equity

35.39B

32.99B

31.98B

Accrued Expenses
Deferred Revenues
Other Current Liabilities

Shareholder's Equity
Common Shares Outstanding
Preferred Stock

Other Shareholder's Equity

Minority Interest

McDonalds Corporation Cash Flow

Cash Flow - Operations

2011

2010

2009

Net Income

5.503B

4.946B

4.551B

Depreciation, Depletion, Amortization

1.415B

1.276B

1.216B

Other Non-Cash Items

192.00M

Total Non-Cash Items

1.607B

1.524B

1.029B

Deferred Income Taxes

217.20M

11.70M

212.10M

40.00M

-129.00M

171.00M

7.150B

6.342B

5.751B

2011

2010

2009

-2.730B

-2.136B

-1.952B

325.00M

194.50M

260.30M

Total Changes in Assets/Liabilities

248.10M -187.20M

Other Operating Activities

Net Cash from Operating Activities

Cash Flow - Investing

Capital Expenditures
Acquisitions, Divestitures
Investments
Other Investing Activities
Net Cash from Investing Activities

144.90M
-166.10M
-2.571B

-115.00M -108.40M
-2.056B

-1.655B

Cash Flow - Financing

2011

2010

2009

1.004B

787.40M

219.30M

Equity Issued

-3.029B

-2.235B

-2.465B

Dividends Paid

-2.610B

-2.408B

-2.236B

Other Financing Activities

101.90M

127.40M

60.50M

Net Cash from Financing

-4.533B

-3.729B

-4.421B

-97.50M

34.10M

57.90M

Debt Issued

Activities
Foreign Exchange Effects
Discontinued Operations and
Other
Net Change in Cash & Cash

-51.30M

591.00M -267.40M

Equivalents
Cash at beginning of period

2.387B

1.796B

2.063B

Cash at end of period

2.336B

2.336B

2.387B