McDonalds

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Impact of Currency Translation Quarter ended March 31 2009 2008 Revenues $5,077.4 $5,614.8 Company-operated margins 564.2 659.2 Franchised margins 1,296.00 1,316.20 Selling, general, and administrative expens 497.3 552.4 Operating income 1,400.40 1,462.80 Net income 979.5 946.1 Earnings per share—diluted 0.87 0.81

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McD Financial Statements

Transcript of McDonalds

Page 1: McDonalds

Impact of Currency TranslationQuarter ended March 31 2009 2008 Currency Translation P/LRevenues $5,077.4 $5,614.8 -642.4Company-operated margins 564.2 659.2 -72.5Franchised margins 1,296.00 1,316.20 -109Selling, general, and administrative expenses 497.3 552.4 43Operating income 1,400.40 1,462.80 -137.9Net income 979.5 946.1 -86.2Earnings per share—diluted 0.87 0.81 -0.08

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MCD's number of restaurant worldwideAs of March 31 2009 2008 IncreaseU.S. 13898 13871 27EuropeGermany 1337 1301 36United Kingdom 1192 1192France 1135 1108 27Spain 393 379 14Italy 381 363 18Other 2212 2142 70Total Europe 6650 6485 165APMEA (Asia/Pacific/Middle East/Asia)Japan 3746 3737 9China 1074 911 163Australia 782 762 20Taiwan 347 346 1Other 2378 2216 162Total APMEA 8327 7972 355Other Countries and CorporateCanada 1419 1408 11Brazil 563 553 10Mexico 382 365 17Other 821 785 36Total Other Countries and Corporate 3185 3111 74Systemwide restaurants 32060 31439 621Total Countries 118 118 —

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In millions, except per share data Years ended December 31 2008 2007 2006REVENUES

$16,560.9 $16,611.0 $15,402.4Sales by Company-operated restaurantsRevenues from franchised restaurants

6,961.50 6,175.60 5,492.80Total revenuesOPERATING COSTS AND EXPENSESCompany-operated restaurant expenses 23,522.40 22,786.60 20,895.20

Food & paper 5,586.10 5,487.40 5,111.80Payroll & employee benefits 4,300.10 4,331.60 3,991.10Occupancy & other operating expenses 3,766.70 3,922.70 3,802.20

Franchised restaurants–occupancy expenses 1,230.30 1,139.70 1,058.10Selling, general & administrative expenses 2,355.50 2,367.00 2,295.70Impairment and other charges, net 6 1,670.30 134.2Other operating (income) expense, net -165.2 -11.1 69.1

Total operating costs and expenses 17,079.50 18,907.60 16,462.20Operating income 6,442.90 3,879.00 4,433.00Interest expense–net of capitalized interest of $12.3, $6.9 and $5.4 522.6 410.1 401.9Nonoperating (income) expense, net -77.6 -103.2 -123.3Gain on sale of investment -160.1

6,158.00 3,572.10 4,154.40Provision for income taxes 1,844.80 1,237.10 1,288.30Income from continuing operations 4,313.20 2,335.00 2,866.10

60.1 678.1Net incomePer common share–basic: $4,313.2 $2,395.1 $3,544.2Continuing operations $ 3.83 $ 1.96 $Discontinued operations

0.05Net incomePer common share–diluted: $ 3.83 $ 2.02 $Continuing operations $ 3.76 $ 1.93 $Discontinued operations 0.05Net income $ 3.76 $ 1.98 $Dividends declared per common share $ 1.625 $ 1.50 $Weighted-average shares outstanding–basic 1,126.60 1,188.30 1,234.00Weighted-average shares outstanding–diluted 1,146.00 1,211.80 1,251.70

Income from continuing operations before provision for income taxes

Income from discontinued operations (net of taxes of $34.5 and $101.9)

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2006

$15,402.4

5,492.80

20,895.205,111.803,991.103,802.201,058.102,295.70

134.269.1

16,462.204,433.00

401.9-123.3

4,154.401,288.302,866.10

678.1

$3,544.22.32

0.55

2.872.290.542.831

1,234.001,251.70

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31-Dec-08 31-Dec-07 31-Dec-06

Assets

$2,063,400 $1,981,300 $2,136,400

— — —

### ### ###

### ### ###

### ### ###

### ### 3,625,300

### ### 1,036,200

20,254,500 20,984,700 20,845,700

### ### 2,209,200

— — —

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PERIOD ENDING

Current Assets

Cash and Cash Equivalents

Short Term Investments

Net Receivables

Inventory

Other Current Assets

Total Current Assets

Long Term Investments

Property Plant and Equipment

Goodwill

Intangible Assets

Accumulated Amortization

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### ### 1,307,400

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Liabilities

28,461,500 29,391,700 29,023,800

### ### 2,739,000

### ### ###

— — ###

### ### 3,008,100

10,186,000 ### 8,416,500

### ### 1,074,900

### ### 1,066,000

— — —

— — —

Other Assets

Deferred Long Term Asset Charges

Total Assets

Current Liabilities

Accounts Payable

Short/Current Long Term Debt

Other Current Liabilities

Total Current Liabilities

Long Term Debt

Other Liabilities

Deferred Long Term Liability Charges

Minority Interest

Negative Goodwill

Total Liabilities

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15,078,900 14,111,900 13,565,500

— — —

— — —

— — —

### ### ###

28,953,900 26,461,500 25,845,600

### ### ###

### ### 3,445,000

### ### -296,700

13,382,600 15,279,800 15,458,300

Stockholders’ Equity

Misc. Stocks Options Warrants

Redeemable Preferred Stock

Preferred Stock

Common Stock

Retained Earnings

Treasury Stock

Capital Surplus

Other Stockholders’ Equity

Total Stockholders’ Equity

Total Liabilities and SE

$28,461,500

$29,391,700

$29,023,800

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MCD YUM BKC Industry SBUX Industry

61.17 B 15.57 B 2.45 B 161.69 M 10.1 B 1.64 B

Employees 400,000 50,400 41,000 5,700 176,000 2,140

Revenue 22.99 B 11.08 B 2.55 B 403.14 M 10.04 B 1.31 B

37.09% 24.53% 33.13% 21.51% 54.24% 32.20%

4.35 B 928 M 192 M N/A 88 M N/A

EPS 3.827 1.914 1.402 0.09 0.119 0.12

P/E 14.35 17.65 13.01 17.91 114.79 22.33

(Fast) Food Service

Specialty Eateries

Market Cap

Gross Margin

Net Income