For the year ending 2025-12-31, MCD had -$311,000K decrease in cash & cash equivalents over the period. $7,186,000K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 8,563,000 | 8,223,000 | 8,468,800 | 6,177,400 |
| Depreciation and amortization | 2,199,000 | 2,097,000 | 1,978,200 | 1,870,600 |
| Deferred income taxes | -126,000 | -574,000 | -686,400 | -345,700 |
| Share-based compensation expense | 165,000 | 172,000 | 175,200 | 166,700 |
| Net (gain) loss on sale of restaurant and other businesses | 149,000 | 37,000 | 103,200 | -732,700 |
| Other | 207,000 | -3,000 | 112,700 | 570,400 |
| Accounts receivable | -231,000 | -10,000 | 161,000 | 264,100 |
| Inventories, prepaid expenses and other current assets | 140,000 | -71,000 | -16,700 | -5,600 |
| Accounts payable | 100,000 | -10,000 | 50,400 | 31,300 |
| Income taxes | -239,000 | -292,000 | -220,300 | -546,700 |
| Other accrued liabilities | 154,000 | -217,000 | 206,200 | 129,300 |
| Cash provided by operations | 10,551,000 | 9,447,000 | 9,611,900 | 7,386,700 |
| Capital expenditures | 3,365,000 | 2,775,000 | 2,357,400 | 1,899,200 |
| Purchases of restaurant businesses | 354,000 | 669,000 | 441,200 | 807,000 |
| Payments to acquire equity method investments | 0 | 1,837,000 | - | - |
| Sales of restaurant and other businesses | 346,000 | 311,000 | 195,300 | 445,900 |
| Sales of property | 130,000 | 122,000 | 94,900 | 38,900 |
| Other | 579,000 | 498,000 | 676,100 | 456,700 |
| Cash used for investing activities | -3,822,000 | -5,346,000 | -3,184,500 | -2,678,100 |
| Net short-term borrowings | 6,000 | 326,000 | 212,800 | 25,500 |
| Long-term financing issuances | 4,724,000 | 2,380,000 | 5,221,100 | 3,374,500 |
| Long-term financing repayments | 4,802,000 | 2,777,000 | 2,441,100 | 2,202,400 |
| Treasury stock purchases | 2,056,000 | 2,824,000 | 3,054,300 | 3,896,000 |
| Common stock dividends | 5,115,000 | 4,870,000 | 4,532,800 | 4,168,200 |
| Proceeds from stock option exercises | 285,000 | 328,000 | 259,800 | 248,200 |
| Other | -167,000 | -56,000 | -39,600 | 38,200 |
| Cash used for financing activities | -7,125,000 | -7,495,000 | -4,374,100 | -6,580,200 |
| Effect of exchange rates on cash and equivalents | 86,000 | -101,000 | -57,800 | -253,800 |
| Cash and equivalents increase (decrease) | -311,000 | -3,494,000 | 1,995,500 | -2,125,400 |
| Cash and equivalents at beginning of year | 1,085,000 | 4,579,000 | 2,583,800 | 4,709,200 |
| Cash and equivalents at end of year | 774,000 | 1,085,000 | 4,579,300 | 2,583,800 |
MCDONALDS CORP (MCD)
MCDONALDS CORP (MCD)