Section V: SCF–Question 2 How is the McDonald's SCF dated? Is it dated for a period of time similar to the income statement or for a point in time similar to the balance sheet? Why? Period of time or point in time? Click here to enter text. Why? Click here to enter text.
Section V: SCF–Question 2 How is the McDonald's SCF dated? Is it dated for a period of time similar to the income statement or for a point in time similar to the balance sheet? Why? Period of time or point in time? Click here to enter text. Why? Click here to enter text.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Styles
Section V: SCF-Question 2
How is the McDonald's SCF dated? Is it dated for a period of time similar to the income
statement or for a point in time similar to the balance sheet? Why?
Period of time or point in time?
Click here to enter text.
Why?
Click here to enter text.
D Focus
nited States)
20](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F95e5613b-1a25-4b20-8027-b25d1244d9dc%2F74f34a00-0850-4906-8c00-689b99b17718%2Fci122h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Styles
Section V: SCF-Question 2
How is the McDonald's SCF dated? Is it dated for a period of time similar to the income
statement or for a point in time similar to the balance sheet? Why?
Period of time or point in time?
Click here to enter text.
Why?
Click here to enter text.
D Focus
nited States)
20
![Consolidated Statement of Income
In millions, except per share data
Years ended December 31, 2019
2018
2017
REVENUES
Sales by Company-operated restaurants
Revenues from franchised restaurants
$9,420.8
$ 10,012.7
11,012.5
21,025.2
$ 12,718.9
11,655.7
21,076.5
d..... .
10,101.5
Total revenues
22,820.4
.
OPERATING COSTS AND EXPENSES
Company-operated restaurant expenses
Food & paper
2,980.3
3,153.8
4,033.5
Payroll & employee benefits
Occupancy & other operating expenses
Franchised restaurants-occupancy expenses
2,704.4
2,937.9
3,528.5
2,075.9
2,174.2
2,847.6
2,200.6
1,973.3
1,790.0
Selling, general & administrative expenses
Other operating (income) expense, net
2,229.4
2,200.2
2,231.3
(1,163.2)
13,267.7
(183.9)
12,006.7
9,069.8
1,121.9
(236.8)
Total operating costs and expenses
12,202.6
..........
Opgrating income
Intérest expense-net of capitalized interest of $7.4, $5.6 and $5.3
Nonoperating (income) expense, net
Income before provision for income taxes
8,822.6
9,552.7
981.2
921.3
(70.2)
25.3
57.9
******.
8,018.1
7,816.1
8,573.5
Provision for income taxes
1,992.7
1,891.8
3,381.2
$ 5,924.3
$ 5,192.3
*********
Net income
%24
6,025.4
2$
7.61
2$
6.43
Earnings per common share-basic
Earnings per common share-diluted
Dividends declared per common share
2$
7.95
24
7.88
2$
7.54
2$
6.37
%24
4.73
24
4.19
2$
3.83
758.1
778.2
807.4
Weighted-average shares outstanding-basic
Weighted-average shares outstanding-diluted
764.9
785.6
815.5
See Notes to consolidated financial statements.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F95e5613b-1a25-4b20-8027-b25d1244d9dc%2F74f34a00-0850-4906-8c00-689b99b17718%2F99jxo9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consolidated Statement of Income
In millions, except per share data
Years ended December 31, 2019
2018
2017
REVENUES
Sales by Company-operated restaurants
Revenues from franchised restaurants
$9,420.8
$ 10,012.7
11,012.5
21,025.2
$ 12,718.9
11,655.7
21,076.5
d..... .
10,101.5
Total revenues
22,820.4
.
OPERATING COSTS AND EXPENSES
Company-operated restaurant expenses
Food & paper
2,980.3
3,153.8
4,033.5
Payroll & employee benefits
Occupancy & other operating expenses
Franchised restaurants-occupancy expenses
2,704.4
2,937.9
3,528.5
2,075.9
2,174.2
2,847.6
2,200.6
1,973.3
1,790.0
Selling, general & administrative expenses
Other operating (income) expense, net
2,229.4
2,200.2
2,231.3
(1,163.2)
13,267.7
(183.9)
12,006.7
9,069.8
1,121.9
(236.8)
Total operating costs and expenses
12,202.6
..........
Opgrating income
Intérest expense-net of capitalized interest of $7.4, $5.6 and $5.3
Nonoperating (income) expense, net
Income before provision for income taxes
8,822.6
9,552.7
981.2
921.3
(70.2)
25.3
57.9
******.
8,018.1
7,816.1
8,573.5
Provision for income taxes
1,992.7
1,891.8
3,381.2
$ 5,924.3
$ 5,192.3
*********
Net income
%24
6,025.4
2$
7.61
2$
6.43
Earnings per common share-basic
Earnings per common share-diluted
Dividends declared per common share
2$
7.95
24
7.88
2$
7.54
2$
6.37
%24
4.73
24
4.19
2$
3.83
758.1
778.2
807.4
Weighted-average shares outstanding-basic
Weighted-average shares outstanding-diluted
764.9
785.6
815.5
See Notes to consolidated financial statements.
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