McDonald's (MCD) FY2016 results: revenue $24.6 billion, down 3.1% on the year
McDonald's Corp. (MCD) reported revenue of $24.6 billion for fiscal 2016, the year ended 31 December 2016, down 3.1% on the year before. Net income was $4.7 billion, up 3.5%, and diluted earnings per share $5.44. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2017.
Revenue
$24.6 billion
-3.1% on the year
FY2009FY2016
Operating margin
31.5%
28.1% a year earlier
FY2009FY2016
Net income
$4.7 billion
+3.5% on the year
FY2009FY2016
Diluted EPS
$5.44
+13.3% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
24,622
25,413
27,441
-3.1%
Selling, general and administrative
2,384
2,434
2,488
-2.0%
Operating income
7,744
7,146
7,949
+8.4%
Operating margin
31.5%
28.1%
29.0%
Interest expense
885
638
576
+38.6%
Income tax
2,180
2,026
2,614
+7.6%
Net income
4,686
4,529
4,758
+3.5%
Net margin
19.0%
17.8%
17.3%
Diluted EPS
$5.44
$4.80
$4.82
+13.3%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
6,060
6,539
6,730
-7.3%
Capital expenditure
1,821
1,814
2,583
+0.4%
Free cash flow
4,238
4,725
4,147
-10.3%
Free cash flow margin
17.2%
18.6%
15.1%
Cash from investing
-982
-1,420
-2,305
Cash from financing
-11,262
735
-4,618
Depreciation and amortisation
1,516
1,556
1,644
-2.5%
Share-based compensation
131
110
113
+19.4%
Buybacks
11,171
6,099
3,199
+83.2%
Dividends paid
3,058
3,230
3,216
-5.3%
Dividend per share
$3.61
$3.44
$3.28
+4.9%
Diluted shares, weighted
861m
945m
986m
-8.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
-2,204
7,088
12,853
Debt
25,956
24,122
14,936
+7.6%
Other liabilities
7,272
6,729
6,492
+8.1%
Total liabilities and equity
31,024
37,939
34,281
-18.2%
Fixed assets
21,258
23,118
24,558
-8.0%
Goodwill
2,336
2,516
2,735
-7.1%
Cash and equivalents
1,223
7,686
2,078
-84.1%
Inventory
58.9
100
110
-41.2%
Other assets
6,148
4,519
4,801
+36.0%
Total assets
31,024
37,939
34,281
-18.2%
10-K for the year ended 31 December 2016, filed 1 March 2017: the filing.