MCD: the cashflow

MyFinsight

For the quarter ending 2025-09-30, MCD had $537M increase in cash & cash equivalents over the period. $2,417M in free cash flow.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Cash Flow	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Net income	2,278	2,253	1,868	2,016
Depreciation and amortization	559	544	520	553
Deferred income taxes	35	-40	-44	-73
Share-based compensation	39	44	45	44
Net (gain) loss on sale of restaurant and other businesses	-	-	-	37
Other	53	71	73	-51
Accounts receivable	-	-	-	-10
Inventories, prepaid expenses and other current assets	-	-	-	-71
Accounts payable	-	-	-	-10
Income taxes	-	-	-	-292
Other accrued liabilities	-	-	-	-217
Changes in working capital items	-570	731	-625	-
Cash provided by (used for) operations	3,428	1,998	2,428	2,631
Capital expenditures	1,011	744	551	807
Purchases of restaurant businesses	109	56	75	74
Payments to acquire equity method investments	0	0	0	0
Sales of restaurant businesses	102	34	49	155
Sales of property	22	11	5	90
Other	116	114	200	106
Cash used for investing activities	-1,112	-870	-771	-742
Net short-term borrowings	-599	597	-792	193
Long-term financing issuances	1,833	1,403	1,498	649
Long-term financing repayments	1,251	700	693	992
Treasury stock purchases	501	505	477	503
Common stock dividends	1,262	1,264	1,266	1,268
Proceeds from stock option exercises	28	41	147	75
Other	-34	-127	40	-30
Cash provided by (used for) financing activities	-1,786	-555	-1,543	-1,878
Effect of exchange rate on cash, cash equivalents, restricted cash and restricted cash equivalents	6	65	39	-148
Cash and equivalents increase (decrease)	537	638	153	-136
Cash and cash equivalents at beginning of period	1,876	1,238	1,085	1,221
Cash and cash equivalents at end of period	2,413	1,876	1,238	1,085

Unit: Million (M) dollars