McDonald's (MCD) FY2012 results: revenue $27.6 billion, up 2.1% on the year
McDonald's Corp. (MCD) reported revenue of $27.6 billion for fiscal 2012, the year ended 31 December 2012, up 2.1% on the year before. Net income was $5.5 billion, down 0.7%, and diluted earnings per share $5.36. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2013.
Revenue
$27.6 billion
+2.1% on the year
FY2007FY2012
Operating margin
31.2%
31.6% a year earlier
FY2007FY2012
Net income
$5.5 billion
-0.7% on the year
FY2007FY2012
Diluted EPS
$5.36
+1.7% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
27,567
27,006
24,075
+2.1%
Selling, general and administrative
2,455
2,394
2,333
+2.6%
Operating income
8,605
8,530
7,473
+0.9%
Operating margin
31.2%
31.6%
31.0%
Interest expense
517
493
451
+4.8%
Income tax
2,614
2,509
2,054
+4.2%
Net income
5,465
5,503
4,946
-0.7%
Net margin
19.8%
20.4%
20.5%
Diluted EPS
$5.36
$5.27
$4.58
+1.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
6,966
7,150
6,342
-2.6%
Capital expenditure
3,049
2,730
2,136
+11.7%
Free cash flow
3,917
4,420
4,206
-11.4%
Free cash flow margin
14.2%
16.4%
17.5%
Cash from investing
-3,167
-2,571
-2,056
Cash from financing
-3,850
-4,533
-3,729
Depreciation and amortisation
1,488
1,415
1,276
+5.2%
Share-based compensation
93.4
86.2
83.1
+8.4%
Buybacks
2,615
3,363
2,698
-22.2%
Dividends paid
2,897
2,610
2,408
+11.0%
Dividend per share
$2.87
$2.53
$2.26
+13.4%
Diluted shares, weighted
1,020m
1,045m
1,080m
-2.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
15,294
14,390
14,634
+6.3%
Debt
13,632
12,500
11,505
+9.1%
Other liabilities
6,460
6,099
5,836
+5.9%
Total liabilities and equity
35,386
32,990
31,975
+7.3%
Fixed assets
24,677
22,834
22,061
+8.1%
Goodwill
2,804
2,653
2,586
+5.7%
Cash and equivalents
2,336
2,336
2,387
+0.0%
Inventory
122
117
110
+4.2%
Other assets
5,448
5,050
4,832
+7.9%
Total assets
35,386
32,990
31,975
+7.3%
10-K for the year ended 31 December 2012, filed 25 February 2013: the filing.