McDonald's (MCD) FY2015 results: revenue $25.4 billion, down 7.4% on the year
McDonald's Corp. (MCD) reported revenue of $25.4 billion for fiscal 2015, the year ended 31 December 2015, down 7.4% on the year before. Net income was $4.5 billion, down 4.8%, and diluted earnings per share $4.80. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$25.4 billion
-7.4% on the year
FY2008FY2015
Operating margin
28.1%
29.0% a year earlier
FY2008FY2015
Net income
$4.5 billion
-4.8% on the year
FY2008FY2015
Diluted EPS
$4.80
-0.4% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
25,413
27,441
28,106
-7.4%
Selling, general and administrative
2,434
2,488
2,386
-2.2%
Operating income
7,146
7,949
8,764
-10.1%
Operating margin
28.1%
29.0%
31.2%
Interest expense
638
576
528
+10.7%
Income tax
2,026
2,614
2,619
-22.5%
Net income
4,529
4,758
5,586
-4.8%
Net margin
17.8%
17.3%
19.9%
Diluted EPS
$4.80
$4.82
$5.55
-0.4%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
6,539
6,730
7,121
-2.8%
Capital expenditure
1,814
2,583
2,825
-29.8%
Free cash flow
4,725
4,147
4,296
+13.9%
Free cash flow margin
18.6%
15.1%
15.3%
Cash from investing
-1,420
-2,305
-2,674
Cash from financing
735
-4,618
-4,043
Depreciation and amortisation
1,556
1,644
1,585
-5.4%
Share-based compensation
110
113
89.1
-2.5%
Buybacks
6,099
3,199
1,778
+90.7%
Dividends paid
3,230
3,216
3,115
+0.4%
Dividend per share
$3.44
$3.28
$3.12
+4.9%
Diluted shares, weighted
945m
986m
1,006m
-4.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
7,088
12,853
16,010
-44.9%
Debt
24,122
14,936
14,130
+61.5%
Other liabilities
6,729
6,492
6,487
+3.6%
Total liabilities and equity
37,939
34,281
36,626
+10.7%
Fixed assets
23,118
24,558
25,747
-5.9%
Goodwill
2,516
2,735
2,873
-8.0%
Investments
n/a
n/a
160
Cash and equivalents
7,686
2,078
2,799
+269.9%
Inventory
100
110
124
-9.0%
Other assets
4,519
4,801
4,924
-5.9%
Total assets
37,939
34,281
36,626
+10.7%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.