McDonalds Historical Income Statement

MCD Stock

USD 296.01 0.93 0.32%

Historical analysis of McDonalds income statement accounts such as Gross Profit of 8.7 B can show how well McDonalds performed in making a profits. Evaluating McDonalds income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of McDonalds's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining McDonalds latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether McDonalds is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McDonalds. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade McDonalds Stock refer to our How to Trade McDonalds Stock guide.

About McDonalds Income Statement Analysis

McDonalds Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to McDonalds shareholders. The income statement also shows McDonalds investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

McDonalds Income Statement Chart

At present, McDonalds' Operating Income is projected to increase significantly based on the last few years of reporting. The current year's EBIT is expected to grow to about 12.5 B, whereas Total Revenue is forecasted to decline to about 18.3 B.

Total Revenue Gross Profit Operating Income Ebit Interest Income

Total Revenue

Total revenue comprises all receipts McDonalds generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of McDonalds minus its cost of goods sold. It is profit before McDonalds operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from McDonalds operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of McDonalds is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Most accounts from McDonalds' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into McDonalds current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McDonalds. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade McDonalds Stock refer to our How to Trade McDonalds Stock guide.At present, McDonalds' Operating Income is projected to increase significantly based on the last few years of reporting. The current year's EBIT is expected to grow to about 12.5 B, whereas Total Revenue is forecasted to decline to about 18.3 B.

	2021	2022	2023	2024 (projected)
Gross Profit	12.6B	13.2B	14.6B	8.7B
Total Revenue	23.2B	23.2B	25.5B	18.3B

Gross Profit Total Revenue

McDonalds income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.64	0.78	0.95	0.56	0.72	0.67	0.7	0.51	0.92	0.69	-0.73	0.67	0.44	-0.25	0.49	0.87	-0.4	-0.21	0.23	-0.41	-0.09	0.42
Interest Expense	0.64		0.2	0.63	-0.03	0.78	0.87	0.87	-0.12	0.72	0.71	-0.93	0.81	-0.02	-0.47	0.61	0.66	-0.64	-0.27	-0.02	-0.86	-0.15	0.83
Total Revenue	0.78	0.2		0.8	0.94	0.63	0.43	0.46	0.92	0.68	0.66	-0.28	0.51	0.8	-0.08	0.2	0.82	-0.22	0.11	-0.01	0.14	0.0	-0.14
Gross Profit	0.95	0.63	0.8		0.55	0.81	0.74	0.76	0.5	0.88	0.79	-0.72	0.76	0.53	-0.23	0.64	0.84	-0.54	-0.05	0.06	-0.38	-0.12	0.4
Other Operating Expenses	0.56	-0.03	0.94	0.55		0.46	0.23	0.26	1.0	0.49	0.52	-0.02	0.33	0.8	0.02	-0.06	0.7	-0.05	0.15	-0.05	0.35	0.05	-0.39
Operating Income	0.72	0.78	0.63	0.81	0.46		0.93	0.94	0.38	0.78	0.99	-0.72	0.97	0.45	-0.34	0.67	0.84	-0.69	-0.05	-0.17	-0.53	-0.16	0.49
Ebit	0.67	0.87	0.43	0.74	0.23	0.93		1.0	0.14	0.82	0.9	-0.8	0.97	0.15	-0.18	0.76	0.69	-0.83	-0.28	0.03	-0.76	-0.27	0.67
Ebitda	0.7	0.87	0.46	0.76	0.26	0.94	1.0		0.17	0.84	0.91	-0.8	0.97	0.17	-0.2	0.74	0.73	-0.82	-0.29	0.04	-0.75	-0.26	0.66
Cost Of Revenue	0.51	-0.12	0.92	0.5	1.0	0.38	0.14	0.17		0.41	0.45	0.06	0.25	0.81	0.03	-0.12	0.64	0.03	0.19	-0.06	0.43	0.08	-0.46
Total Operating Expenses	0.92	0.72	0.68	0.88	0.49	0.78	0.82	0.84	0.41		0.75	-0.76	0.77	0.3	-0.03	0.56	0.82	-0.66	-0.28	0.28	-0.56	-0.24	0.47
Income Before Tax	0.69	0.71	0.66	0.79	0.52	0.99	0.9	0.91	0.45	0.75		-0.63	0.96	0.5	-0.31	0.65	0.83	-0.65	-0.01	-0.21	-0.45	-0.12	0.41
Total Other Income Expense Net	-0.73	-0.93	-0.28	-0.72	-0.02	-0.72	-0.8	-0.8	0.06	-0.76	-0.63		-0.71	-0.06	0.44	-0.54	-0.68	0.62	0.23	-0.16	0.79	0.33	-0.78
Net Income	0.67	0.81	0.51	0.76	0.33	0.97	0.97	0.97	0.25	0.77	0.96	-0.71		0.25	-0.27	0.77	0.74	-0.72	-0.22	-0.11	-0.64	-0.19	0.61
Income Tax Expense	0.44	-0.02	0.8	0.53	0.8	0.45	0.15	0.17	0.81	0.3	0.5	-0.06	0.25		-0.27	-0.04	0.61	-0.02	0.65	-0.33	0.42	0.18	-0.42
Selling General Administrative	-0.25	-0.47	-0.08	-0.23	0.02	-0.34	-0.18	-0.2	0.03	-0.03	-0.31	0.44	-0.27	-0.27		-0.06	-0.43	-0.17	-0.2	0.35	0.2	-0.3	-0.38
Net Income From Continuing Ops	0.49	0.61	0.2	0.64	-0.06	0.67	0.76	0.74	-0.12	0.56	0.65	-0.54	0.77	-0.04	-0.06		0.3	-0.64	-0.22	0.0	-0.63	-0.19	0.65
Non Recurring	0.87	0.66	0.82	0.84	0.7	0.84	0.69	0.73	0.64	0.82	0.83	-0.68	0.74	0.61	-0.43	0.3		-0.38	-0.03	-0.07	-0.29	-0.05	0.3
Non Operating Income Net Other	-0.4	-0.64	-0.22	-0.54	-0.05	-0.69	-0.83	-0.82	0.03	-0.66	-0.65	0.62	-0.72	-0.02	-0.17	-0.64	-0.38		0.17	-0.03	0.63	0.32	-0.49
Tax Provision	-0.21	-0.27	0.11	-0.05	0.15	-0.05	-0.28	-0.29	0.19	-0.28	-0.01	0.23	-0.22	0.65	-0.2	-0.22	-0.03	0.17		-0.56	0.55	0.25	-0.56
Interest Income	0.23	-0.02	-0.01	0.06	-0.05	-0.17	0.03	0.04	-0.06	0.28	-0.21	-0.16	-0.11	-0.33	0.35	0.0	-0.07	-0.03	-0.56		-0.31	-0.52	0.17
Net Interest Income	-0.41	-0.86	0.14	-0.38	0.35	-0.53	-0.76	-0.75	0.43	-0.56	-0.45	0.79	-0.64	0.42	0.2	-0.63	-0.29	0.63	0.55	-0.31		0.29	-0.92
Reconciled Depreciation	-0.09	-0.15	0.0	-0.12	0.05	-0.16	-0.27	-0.26	0.08	-0.24	-0.12	0.33	-0.19	0.18	-0.3	-0.19	-0.05	0.32	0.25	-0.52	0.29		-0.18
Extraordinary Items	0.42	0.83	-0.14	0.4	-0.39	0.49	0.67	0.66	-0.46	0.47	0.41	-0.78	0.61	-0.42	-0.38	0.65	0.3	-0.49	-0.56	0.17	-0.92	-0.18

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McDonalds Account Relationship Matchups

McDonalds income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.6B	1.8B	1.9B	1.9B	2.0B	1.2B
Interest Expense	1.1B	1.2B	1.2B	1.2B	1.4B	1.4B
Total Revenue	21.1B	19.2B	23.2B	23.2B	25.5B	18.3B
Gross Profit	11.1B	9.8B	12.6B	13.2B	14.6B	8.7B
Other Operating Expenses	12.2B	12.0B	13.4B	12.8B	13.8B	13.0B
Operating Income	9.1B	7.3B	10.4B	9.4B	11.6B	12.2B
Ebit	7.4B	7.5B	10.2B	10.3B	11.9B	12.5B
Ebitda	9.1B	9.2B	12.0B	12.2B	13.9B	14.6B
Cost Of Revenue	10.0B	9.5B	10.6B	10.0B	10.9B	9.6B
Total Operating Expenses	2.2B	2.5B	2.7B	2.9B	2.9B	2.5B
Income Before Tax	8.0B	6.1B	9.1B	7.8B	10.5B	11.0B
Total Other Income Expense Net	(1.1B)	(1.2B)	(1.2B)	(1.5B)	(1.1B)	(1.1B)
Net Income	6.0B	4.7B	7.5B	6.2B	8.5B	8.9B
Income Tax Expense	2.0B	1.4B	1.6B	1.6B	2.1B	1.4B
Selling General Administrative	2.2B	2.2B	2.4B	2.5B	2.4B	2.4B
Net Income Applicable To Common Shares	6.0B	4.7B	7.5B	6.2B	7.1B	4.6B
Net Income From Continuing Ops	6.0B	4.7B	7.5B	6.2B	8.3B	6.2B
Non Operating Income Net Other	70.2M	34.8M	(42.3M)	(338.6M)	(304.7M)	(289.5M)
Tax Provision	2.0B	1.4B	1.6B	1.6B	2.0B	1.6B
Interest Income	37M	1.2B	1.2B	1.2B	148.1M	140.7M
Net Interest Income	(1.1B)	(1.2B)	(1.2B)	(1.2B)	(1.2B)	(1.2B)
Reconciled Depreciation	1.6B	1.8B	329.7M	370.4M	1.9B	1.0B

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When determining whether McDonalds is a strong investment it is important to analyze McDonalds' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact McDonalds' future performance. For an informed investment choice regarding McDonalds Stock, refer to the following important reports:

How To Invest In McDonalds

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Is McDonalds Stock a good investment?

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What is McDonalds' Net Worth?

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For information on how to trade McDonalds Stock refer to our How to Trade McDonalds Stock guide.

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Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of McDonalds. If investors know McDonalds will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about McDonalds listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.01)

Dividend Share

6.68

Earnings Share

11.4

Revenue Per Share

36.01

Quarterly Revenue Growth

0.027

The market value of McDonalds is measured differently than its book value, which is the value of McDonalds that is recorded on the company's balance sheet. Investors also form their own opinion of McDonalds' value that differs from its market value or its book value, called intrinsic value, which is McDonalds' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because McDonalds' market value can be influenced by many factors that don't directly affect McDonalds' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between McDonalds' value and its price as these two are different measures arrived at by different means. Investors typically determine if McDonalds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McDonalds' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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McDonalds Historical Income Statement

About McDonalds Income Statement Analysis

McDonalds Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Interest Income

McDonalds income statement Correlations

McDonalds Account Relationship Matchups

High Positive Relationship

High Negative Relationship

McDonalds income statement Accounts

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Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebitda	+ 1.0	Ebit
Income Before Tax	+ 0.99	Operating Income
Net Income	+ 0.97	Operating Income
Net Income	+ 0.97	Ebit
Net Income	+ 0.97	Ebitda

Total Other Income Expense Net	- 0.93	Interest Expense
Extraordinary Items	- 0.92	Net Interest Income
Net Interest Income	- 0.86	Interest Expense
Non Operating Income Net Other	- 0.83	Ebit
Non Operating Income Net Other	- 0.82	Ebitda
Total Other Income Expense Net	- 0.8	Ebitda