McDonald's (MCD) FY2022 results: revenue $23.2 billion, down 0.2% on the year
McDonald's Corp. (MCD) reported revenue of $23.2 billion for fiscal 2022, the year ended 31 December 2022, down 0.2% on the year before. Net income was $6.2 billion, down 18.1%, and diluted earnings per share $8.33. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$23.2 billion
-0.2% on the year
FY2015FY2022
Operating margin
40.4%
44.6% a year earlier
FY2015FY2022
Net income
$6.2 billion
-18.1% on the year
FY2015FY2022
Diluted EPS
$8.33
-17.0% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
7,387
9,142
6,265
-19.2%
Capital expenditure
1,899
2,040
1,641
-6.9%
Free cash flow
5,488
7,102
4,624
-22.7%
Free cash flow margin
23.7%
30.6%
24.1%
Cash from investing
-2,678
-2,166
-1,546
Cash from financing
-6,580
-5,596
-2,249
Depreciation and amortisation
370
330
301
+12.3%
Share-based compensation
167
139
92.4
+19.8%
Buybacks
3,896
846
908
+360.8%
Dividends paid
4,168
3,919
3,753
+6.4%
Dividend per share
$5.66
$5.25
$5.04
+7.8%
Diluted shares, weighted
741m
752m
750m
-1.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-6,003
-4,601
-7,825
Short-term borrowings
0.0
n/a
n/a
Debt
35,904
35,623
37,440
+0.8%
Operating lease liabilities
12,134
13,021
13,321
-6.8%
Other liabilities
8,401
9,812
9,690
-14.4%
Total liabilities and equity
50,436
53,854
52,627
-6.3%
Fixed assets
23,774
24,721
24,958
-3.8%
Goodwill
2,900
2,782
2,773
+4.2%
Cash and equivalents
2,584
4,709
3,449
-45.1%
Inventory
52.0
55.6
51.1
-6.5%
Other assets
21,126
21,586
21,395
-2.1%
Total assets
50,436
53,854
52,627
-6.3%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.