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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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
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.
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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