McDonald's (MCD) FY2013 results: revenue $28.1 billion, up 2.0% on the year
McDonald's Corp. (MCD) reported revenue of $28.1 billion for fiscal 2013, the year ended 31 December 2013, up 2.0% on the year before. Net income was $5.6 billion, up 2.2%, and diluted earnings per share $5.55. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2014.
Revenue
$28.1 billion
+2.0% on the year
FY2007FY2013
Operating margin
31.2%
31.2% a year earlier
FY2007FY2013
Net income
$5.6 billion
+2.2% on the year
FY2007FY2013
Diluted EPS
$5.55
+3.5% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
28,106
27,567
27,006
+2.0%
Selling, general and administrative
2,386
2,455
2,394
-2.8%
Operating income
8,764
8,605
8,530
+1.9%
Operating margin
31.2%
31.2%
31.6%
Interest expense
528
517
493
+2.2%
Income tax
2,619
2,614
2,509
+0.2%
Net income
5,586
5,465
5,503
+2.2%
Net margin
19.9%
19.8%
20.4%
Diluted EPS
$5.55
$5.36
$5.27
+3.5%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
7,121
6,966
7,150
+2.2%
Capital expenditure
2,825
3,049
2,730
-7.4%
Free cash flow
4,296
3,917
4,420
+9.7%
Free cash flow margin
15.3%
14.2%
16.4%
Cash from investing
-2,674
-3,167
-2,571
Cash from financing
-4,043
-3,850
-4,533
Depreciation and amortisation
1,585
1,488
1,415
+6.5%
Share-based compensation
89.1
93.4
86.2
-4.6%
Buybacks
1,778
2,615
3,363
-32.0%
Dividends paid
3,115
2,897
2,610
+7.5%
Dividend per share
$3.12
$2.87
$2.53
+8.7%
Diluted shares, weighted
1,006m
1,020m
1,045m
-1.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
16,010
15,294
14,390
+4.7%
Debt
14,130
13,632
12,500
+3.6%
Other liabilities
6,487
6,460
6,099
+0.4%
Total liabilities and equity
36,626
35,386
32,990
+3.5%
Fixed assets
25,747
24,677
22,834
+4.3%
Goodwill
2,873
2,804
2,653
+2.5%
Investments
160
n/a
n/a
Cash and equivalents
2,799
2,336
2,336
+19.8%
Inventory
124
122
117
+1.6%
Other assets
4,924
5,448
5,050
-9.6%
Total assets
36,626
35,386
32,990
+3.5%
10-K for the year ended 31 December 2013, filed 24 February 2014: the filing.