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McDonald's Consolidated Statement of IncomeIn millions, except per share data Proposed figures for the year ended Decemeber 31, 2010 2009 2008
REVENUES
Sales by Company-operated restaurants US$16,282.44 15,458.5$ 16,560.9$
Revenues from franchised restaurants 7,557.98 7,286.2 6,961.5
Total revenues 23,840.42 22,744.7 23,522.4
OPERATING COSTS AND EXPENSES
Company-operated restaurant expenses
Food & paper 5,367.51 5,178.0 5,586.1
Payroll & employee benefits 4,119.86 3,965.6 4,300.1
Occupancy & other operating expenses 3,628.26 3,507.6 3,766.7
Franchised restaurants-occupancy expenses 1,362.62 1,301.7 1,230.3
Selling, general & administrative expenses 2,326.23 2,234.2 2,355.5
Impairment and other charges (credits), net 30.05 (61.1) 6.0
Other operating (income) expense, net (177.84) (222.3) (165.2)
Total operating costs and expenses 16,656.69 15,903.7 17,079.5
Operating income 7,183.73 6,841.0 6,442.9
Interest expense-net of capitalized interest of $12.0, $11.7 and $12.3 450.80 473.2 522.6
Nonoperating (income) expense, net (15.95) (24.3) (77.6)
Gain on sale of investment
Income before provision for income taxes 6,748.88 6,487.0 6,158.0
Provision for income taxes 1,980.23 1,936.0 1,844.8
Net income 4,768.65 4,551.0$ 4,313.2$
Earnings per common share-basic: 4.59 4.17$ 3.83$
Earnings per common share-diluted: 4.52 4.11$ 3.76$
Dividends declared per common share 2.26 2.05$ 1.63$
Weighted-average shares outstanding-basic 983.00 1,092.2 1,126.6
Weighted-average shares outstanding-diluted 996.67 1,107.4 1,146.0