McDonalds
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![Page 1: McDonalds](https://reader036.fdocuments.us/reader036/viewer/2022071806/55cf9264550346f57b9605d5/html5/thumbnails/1.jpg)
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
— — —
— — —
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
— — —
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