McDonald’s Corp.

Consolidated Cash Flow Statement

US$ in thousands
12 months ended Dec 31, 2018
Net income 5,924,300
Depreciation and amortization 1,482,000
Deferred income taxes 102,600
Share-based compensation 125,100
Net gain on sale of restaurant businesses (308,800)
Other 114,200
Charges and credits 1,515,100
Accounts receivable (479,400)
Inventories, prepaid expenses and other current assets (1,900)
Accounts payable 129,400
Income taxes (33,400)
Other accrued liabilities (87,400)
Changes in working capital items (472,700)
Adjustments to reconcile to cash provided by operations 1,042,400
Cash provided by operations 6,966,700
Capital expenditures (2,741,700)
Purchases of restaurant businesses (101,700)
Sales of restaurant businesses 530,800
Proceeds from sale of businesses in China and Hong Kong —
Sales of property 160,400
Other (302,900)
Cash (used for) provided by investing activities (2,455,100)
Net short-term borrowings 95,900
Long-term financing issuances 3,794,500
Long-term financing repayments (1,759,600)
Treasury stock purchases (5,207,700)
Common stock dividends (3,255,900)
Proceeds from stock option exercises 403,200
Excess tax benefit on share-based compensation —
Other (20,000)
Cash provided by (used for) financing activities (5,949,600)
Effect of exchange rates on cash and equivalents (159,800)
Cash and equivalents increase (decrease) (1,597,800)
Change in cash balances of businesses held for sale —
Cash and equivalents at beginning of year 2,463,800
Cash and equivalents at end of year 866,000
10-K (filing date: 2016-02-25),
10-K (filing date: 2015-02-24).
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
5,192,300 4,686,500 4,529,300 4,757,800
1,363,400 1,516,500 1,555,700 1,644,500
(36,400) (538,600) (1,400) (90,700)
117,500 131,300 110,000 112,800
(1,155,800) (310,700) (163,900) —
1,050,700 407,600 341,500 369,500
1,339,400 1,206,100 1,841,900 2,036,100
(340,700) (159,000) (180,600) 27,000
(37,300) 28,100 44,900 (4,900)
(59,700) 89,800 (15,000) (74,700)
(396,400) 169,700 (64,400) 3,300
(146,400) 38,400 383,000 (14,300)
(980,500) 167,000 167,900 (63,600)
358,900 1,373,100 2,009,800 1,972,500
5,551,200 6,059,600 6,539,100 6,730,300
(1,853,700) (1,821,100) (1,813,900) (2,583,400)
(77,000) (109,500) (140,600) (170,500)
974,800 975,600 341,100 403,100
1,597,000 — — —
166,800 82,900 213,100 86,800
(245,900) (109,500) (19,700) (40,900)
562,000 (981,600) (1,420,000) (2,304,900)
(1,050,300) (286,200) 589,700 510,400
4,727,500 3,779,500 10,220,000 1,540,600
(1,649,400) (822,900) (1,054,500) (548,100)
(4,685,700) (11,171,000) (6,099,200) (3,198,600)
(3,089,200) (3,058,200) (3,230,300) (3,216,100)
456,800 299,400 317,200 235,400
— — 51,100 70,900
(20,500) (3,000) (58,700) (12,800)
(5,310,800) (11,262,400) 735,300 (4,618,300)
264,000 (103,700) (246,800) (527,900)
1,066,400 (6,288,100) 5,607,600 (720,800)
174,000 (174,000) — —
1,223,400 7,685,500 2,077,900 2,798,700
2,463,800 1,223,400 7,685,500 2,077,900