MCD: the cash flow

MyFinsight

For the quarter ending 2026-03-31, MCD had $396M increase in cash & cash equivalents over the period. $1,730M in free cash flow.

Cash Flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Net income	1,983	2,164	2,278	2,253
Depreciation and amortization	566	576	559	544
Deferred income taxes	63	-77	35	-40
Share-based compensation	60	37	39	44
Net (gain) loss on sale of restaurant and other businesses	-	149	-	-
Other	92	10	53	71
Accounts receivable	-	-231	-	-
Inventories, prepaid expenses and other current assets	-	140	-	-
Accounts payable	-	100	-	-
Income taxes	-	-239	-	-
Other accrued liabilities	-	154	-	-
Changes in working capital items	-2,449.4	-	-1,466.4	4,083.8
Cash provided by (used for) operations	2,412	2,697	3,428	1,998
Capital expenditures	682	1,059	1,011	744
Purchases of restaurant businesses	79	114	109	56
Payments to acquire equity method investments	-	0	0	0
Sales of restaurant businesses	72	161	102	34
Sales of property	34	92	22	11
Other	122	149	116	114
Cash used for investing activities	-777	-1,069	-1,112	-870
Net short-term borrowings	-791	800	-599	597
Long-term financing issuances	1,159	-10	1,833	1,403
Long-term financing repayments	1	2,158	1,251	700
Treasury stock purchases	396	573	501	505
Common stock dividends	1,323	1,323	1,262	1,264
Proceeds from stock option exercises	128	69	28	41
Other	-2	-46	-34	-127
Cash provided by (used for) financing activities	-1,225	-3,241	-1,786	-555
Effect of exchange rates on cash and cash equivalents	-14	-24	6	65
Cash and equivalents increase (decrease)	396	-1,639	537	638
Cash and equivalents at beginning of period	774	2,413	1,876	1,238
Cash and equivalents at end of period	1,170	774	2,413	1,876

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.