$MCD
MCDONALDS CORP
CIK:0000063908|SEC Filings
Condensed Consolidated Statement of Income - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues | ||||
| Revenues from franchised restaurants | $ 4,393.0 | $ 4,213.0 | $ 8,399.0 | $ 7,874.0 |
| Sales by Company-owned and operated restaurants | 2,525.0 | 2,458.0 | 4,842.0 | 4,590.0 |
| Other Revenues | 182.0 | 172.0 | 375.0 | 334.0 |
| Total revenues | 7,099.0 | 6,843.0 | 13,616.0 | 12,799.0 |
| Operating costs and expenses | ||||
| Company-operated restaurant expenses | 2,138.0 | 2,078.0 | 4,170.0 | 3,937.0 |
| Franchised restaurants-occupancy expenses | 680.0 | 654.0 | 1,356.0 | 1,274.0 |
| Other Restaurant Expenses | 163.0 | 149.0 | 329.0 | 289.0 |
| Selling, general & administrative expenses | ||||
| Depreciation and Amortization | 111.0 | 106.0 | 222.0 | 213.0 |
| Other Selling, General and Administrative Expense | 706.0 | 595.0 | 1,354.0 | 1,170.0 |
| Other operating (income) expense, net | (37.0) | 29.0 | (106.0) | 36.0 |
| Total operating costs and expenses | 3,760.0 | 3,611.0 | 7,324.0 | 6,918.0 |
| Operating income | 3,338.0 | 3,232.0 | 6,292.0 | 5,880.0 |
| Interest expense | 409.0 | 390.0 | 809.0 | 766.0 |
| Nonoperating (income) expense, net | (6.0) | (18.0) | 5.0 | (76.0) |
| Income before provision for income taxes | 2,936.0 | 2,861.0 | 5,478.0 | 5,190.0 |
| Provision for income taxes | 574.0 | 608.0 | 1,133.0 | 1,069.0 |
| Net income | $ 2,362.0 | $ 2,253.0 | $ 4,345.0 | $ 4,121.0 |
| Earnings per common share-basic | $ 3.33 | $ 3.15 | $ 6.12 | $ 5.77 |
| Earnings per common share-diluted | 3.32 | 3.14 | 6.10 | 5.74 |
| Dividends declared per common share | $ 1.86 | $ 1.77 | $ 3.72 | $ 3.54 |
| Weighted average shares outstanding-basic | 709.1 | 714.5 | 709.9 | 714.7 |
| Weighted average shares outstanding-diluted | 711.1 | 717.6 | 712.3 | 717.9 |
Condensed Consolidated Statement of Cash Flows - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Operating activities | ||||
| Net income | $ 2,362.0 | $ 2,253.0 | $ 4,345.0 | $ 4,121.0 |
| Charges and credits: | ||||
| Depreciation and amortization | 565.0 | 544.0 | 1,131.0 | 1,064.0 |
| Deferred income taxes | (58.0) | (41.0) | 5.0 | (84.0) |
| Share-based compensation | 39.0 | 44.0 | 99.0 | 89.0 |
| Other | (51.0) | (71.0) | (143.0) | (144.0) |
| Changes in working capital items | (50.0) | (731.0) | (215.0) | (620.0) |
| Cash provided by (used for) operations | 2,807.0 | 1,998.0 | 5,222.0 | 4,426.0 |
| Investing activities | ||||
| Capital expenditures | (831.0) | (744.0) | (1,516.0) | (1,295.0) |
| Purchases of restaurant businesses | (74.0) | (56.0) | (153.0) | (131.0) |
| Sales of restaurant businesses | 137.0 | 34.0 | 209.0 | 83.0 |
| Sales of property | 21.0 | 11.0 | 56.0 | 16.0 |
| Other | (121.0) | (114.0) | (244.0) | (314.0) |
| Cash used for investing activities | (868.0) | (869.0) | (1,648.0) | (1,641.0) |
| Financing activities | ||||
| Net short-term borrowings | 492.0 | 597.0 | (299.0) | (195.0) |
| Long-term financing issuances | 0.0 | 1,403.0 | 1,159.0 | 2,901.0 |
| Long-term financing repayments | (580.0) | (700.0) | (581.0) | (1,393.0) |
| Treasury stock purchases | (856.0) | (505.0) | (1,251.0) | (982.0) |
| Common stock dividends | (1,317.0) | (1,265.0) | (2,640.0) | (2,530.0) |
| Proceeds from stock option exercises | 14.0 | 41.0 | 142.0 | 188.0 |
| Other | (140.0) | (126.0) | (142.0) | (87.0) |
| Cash provided by (used for) financing activities | (2,387.0) | (555.0) | (3,612.0) | (2,098.0) |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 99.0 | 65.0 | 85.0 | 104.0 |
| Cash and equivalents increase (decrease) | (348.0) | 638.0 | 48.0 | 791.0 |
| Cash and equivalents at beginning of period | 1,170.0 | 1,238.0 | 774.0 | 1,085.0 |
| Cash and equivalents at end of period | $ 822.0 | $ 1,876.0 | $ 822.0 | $ 1,876.0 |