Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - MCDONALDS CORP | form8kmainbody.htm |
| 8-K - PDF OF ENTIRE FORM 8-K - MCDONALDS CORP | form8k.pdf |
Exhibit 99.1
MCDONALD'S CORPORATION | |||||||||||||||
SCHEDULE OF SEGMENT SUMMARY FINANCIAL INFORMATION AND OTHER DATA | |||||||||||||||
UNITED STATES | |||||||||||||||
(Unaudited and $ in millions) | |||||||||||||||
Years Ended December 31 | |||||||||||||||
Summary Operating Results | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||
Sales by company-operated restaurants | $ | 4,351.3 | $ | 4,512.3 | $ | 4,530.3 | $ | 4,432.6 | $ | 4,229.4 | |||||
Revenues from franchised restaurants | 4,299.7 | 4,339.0 | 4,283.4 | 4,095.6 | 3,882.2 | ||||||||||
Total Revenues | 8,651.0 | 8,851.3 | 8,813.7 | 8,528.2 | 8,111.6 | ||||||||||
Company-operated Restaurant Margins | 756.1 | 830.4 | 882.7 | 913.6 | 902.1 | ||||||||||
Franchised Restaurant Margins | 3,572.2 | 3,625.7 | 3,593.6 | 3,436.4 | 3,239.0 | ||||||||||
G&A | 772.3 | 740.0 | 781.8 | 779.1 | 781.3 | ||||||||||
Other Operating (Inc)/Exp, net | 33.5 | (63.2 | ) | (55.9 | ) | (95.3 | ) | (86.7 | ) | ||||||
Operating Income | $ | 3,522.5 | $ | 3,779.3 | $ | 3,750.4 | $ | 3,666.2 | $ | 3,446.5 | |||||
Other Financial Information | |||||||||||||||
Comparable Sales* | (2.1 | )% | (0.2 | )% | 3.3 | % | 4.8 | % | 3.8 | % | |||||
Comparable Guest Counts* | (4.1 | )% | (1.6 | )% | 1.9 | % | 3.3 | % | 5.3 | % | |||||
Franchised Sales* | $ | 31,095.7 | $ | 31,344.0 | $ | 31,062.4 | $ | 29,739.4 | $ | 28,166.0 | |||||
Company-operated Margin % | 17.4 | % | 18.4 | % | 19.5 | % | 20.6 | % | 21.3 | % | |||||
Franchised Margin % | 83.1 | % | 83.6 | % | 83.9 | % | 83.9 | % | 83.4 | % | |||||
Operating Income % Change | (7 | )% | 1 | % | 2 | % | 6 | % | 7 | % | |||||
Operating Income % Change, excl. currency translation* | (7 | )% | 1 | % | 2 | % | 6 | % | 7 | % | |||||
Systemwide Restaurants: | |||||||||||||||
Conventional Franchised | 12,836 | 12,739 | 12,605 | 12,546 | 12,477 | ||||||||||
Developmental Licensed | — | — | — | — | — | ||||||||||
Foreign Affiliated | — | — | — | — | — | ||||||||||
Total Franchised | 12,836 | 12,739 | 12,605 | 12,546 | 12,477 | ||||||||||
Company-operated | 1,514 | 1,539 | 1,552 | 1,552 | 1,550 | ||||||||||
Systemwide Restaurants | 14,350 | 14,278 | 14,157 | 14,098 | 14,027 | ||||||||||
Total Assets | $ | 11,872.1 | $ | 11,711.8 | $ | 11,431.6 | $ | 10,865.5 | $ | 10,467.7 | |||||
Total Capital Expenditures | 736.1 | 875.5 | 1,065.0 | 786.5 | 530.5 | ||||||||||
Total Depreciation and Amortization | 512.2 | 503.6 | 477.1 | 446.0 | 433.0 | ||||||||||
* Represents a non-GAAP financial measure as used throughout the schedules included in Exhibit 99.1. The definitions that apply to these measures are provided at the end of this exhibit. | |||||||||||||||
MCDONALD'S CORPORATION | |||||||||||||
SCHEDULE OF SEGMENT SUMMARY FINANCIAL INFORMATION AND OTHER DATA | |||||||||||||
UNITED STATES | |||||||||||||
(Unaudited and $ in millions) | |||||||||||||
Three Months Ended | |||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||
Summary Operating Results | 2014 | 2014 | 2014 | 2014 | |||||||||
Sales by company-operated restaurants | $ | 1,040.9 | $ | 1,133.4 | $ | 1,097.3 | $ | 1,079.7 | |||||
Revenues from franchised restaurants | 1,013.2 | 1,115.6 | 1,104.8 | 1,066.1 | |||||||||
Total Revenues | 2,054.1 | 2,249.0 | 2,202.1 | 2,145.8 | |||||||||
Company-operated Restaurant Margins | 180.1 | 207.9 | 182.9 | 185.2 | |||||||||
Franchised Restaurant Margins | 836.1 | 934.4 | 921.3 | 880.4 | |||||||||
Operating Income | $ | 820.8 | $ | 980.5 | $ | 914.4 | $ | 806.8 | |||||
Other Financial Information | |||||||||||||
Comparable Sales | (1.7 | )% | (1.5 | )% | (3.3 | )% | (1.7 | )% | |||||
Franchised Sales | $ | 7,338.1 | $ | 8,058.3 | $ | 7,975.1 | $ | 7,724.2 | |||||
Company-operated Margin % | 17.3 | % | 18.3 | % | 16.7 | % | 17.2 | % | |||||
Franchised Margin % | 82.5 | % | 83.8 | % | 83.4 | % | 82.6 | % | |||||
Operating Income % Change | (3 | )% | 1 | % | (10 | )% | (15 | )% | |||||
Operating Income % Change, excl. currency translation | (3 | )% | 1 | % | (10 | )% | (15 | )% | |||||
Systemwide Restaurants: | |||||||||||||
Conventional Franchised | 12,722 | 12,757 | 12,795 | 12,836 | |||||||||
Developmental Licensed | — | — | — | — | |||||||||
Foreign Affiliated | — | — | — | — | |||||||||
Total Franchised | 12,722 | 12,757 | 12,795 | 12,836 | |||||||||
Company-operated | 1,539 | 1,533 | 1,532 | 1,514 | |||||||||
Systemwide Restaurants | 14,261 | 14,290 | 14,327 | 14,350 | |||||||||
MCDONALD'S CORPORATION | |||||||||
SCHEDULE OF SEGMENT SUMMARY FINANCIAL INFORMATION AND OTHER DATA | |||||||||
UNITED STATES | |||||||||
(Unaudited and $ in millions) | |||||||||
Three Months Ended | |||||||||
March 31, | June 30, | ||||||||
Summary Operating Results | 2015 | 2015 | |||||||
Sales by company-operated restaurants | $ | 990.2 | $ | 1,074.2 | |||||
Revenues from franchised restaurants | 987.9 | 1,100.0 | |||||||
Total Revenues | 1,978.1 | 2,174.2 | |||||||
Company-operated Restaurant Margins | 151.1 | 177.2 | |||||||
Franchised Restaurant Margins | 803.5 | 911.6 | |||||||
Operating Income | $ | 731.8 | $ | 925.8 | |||||
Other Financial Information | |||||||||
Comparable Sales | (2.6 | )% | (2.0 | )% | |||||
Franchised Sales | $ | 7,247.4 | $ | 8,002.4 | |||||
Company-operated Margin % | 15.3 | % | 16.5 | % | |||||
Franchised Margin % | 81.3 | % | 82.9 | % | |||||
Operating Income % Change | (11 | )% | (6 | )% | |||||
Operating Income % Change, excl. currency translation | (11 | )% | (6 | )% | |||||
Systemwide Restaurants: | |||||||||
Conventional Franchised | 12,840 | 12,867 | |||||||
Developmental Licensed | — | — | |||||||
Foreign Affiliated | — | — | |||||||
Total Franchised | 12,840 | 12,867 | |||||||
Company-operated | 1,499 | 1,451 | |||||||
Systemwide Restaurants | 14,339 | 14,318 | |||||||
MCDONALD'S CORPORATION | |||||||||||||||
SCHEDULE OF SEGMENT SUMMARY FINANCIAL INFORMATION AND OTHER DATA | |||||||||||||||
INTERNATIONAL LEAD MARKETS | |||||||||||||||
(Unaudited and $ in millions) | |||||||||||||||
Years Ended December 31 | |||||||||||||||
Summary Operating Results | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||
Sales by company-operated restaurants | $ | 5,443.0 | $ | 5,512.3 | $ | 5,653.7 | $ | 5,739.5 | $ | 5,127.0 | |||||
Revenues from franchised restaurants | 3,101.5 | 3,023.0 | 2,914.7 | 2,871.5 | 2,501.2 | ||||||||||
Total Revenues | 8,544.5 | 8,535.3 | 8,568.4 | 8,611.0 | 7,628.2 | ||||||||||
Company-operated Restaurant Margins | 1,080.3 | 1,078.1 | 1,098.2 | 1,131.0 | 1,050.8 | ||||||||||
Franchised Restaurant Margins | 2,485.8 | 2,429.8 | 2,354.1 | 2,327.7 | 2,013.8 | ||||||||||
G&A | 621.2 | 586.2 | 610.5 | 599.5 | 574.7 | ||||||||||
Other Operating (Inc)/Exp, net | (89.6 | ) | (107.1 | ) | (66.1 | ) | (49.7 | ) | (48.9 | ) | |||||
Operating Income | $ | 3,034.5 | $ | 3,028.8 | $ | 2,907.9 | $ | 2,908.9 | $ | 2,538.8 | |||||
Other Financial Information | |||||||||||||||
Comparable Sales | 0.8 | % | 0.2 | % | 3.1 | % | 5.4 | % | 5.0 | % | |||||
Comparable Guest Counts | (1.2 | )% | (1.1 | )% | 1.4 | % | 3.9 | % | 3.9 | % | |||||
Franchised Sales | $ | 17,921.5 | $ | 17,506.7 | $ | 17,034.5 | $ | 16,782.7 | $ | 14,728.5 | |||||
Company-operated Margin % | 19.8 | % | 19.6 | % | 19.4 | % | 19.7 | % | 20.5 | % | |||||
Franchised Margin % | 80.1 | % | 80.4 | % | 80.8 | % | 81.1 | % | 80.5 | % | |||||
Operating Income % Change | 0 | % | 4 | % | 0 | % | 15 | % | 7 | % | |||||
Operating Income % Change, excl. currency translation | 1 | % | 5 | % | 4 | % | 8 | % | 7 | % | |||||
Systemwide Restaurants: | |||||||||||||||
Conventional Franchised | 5,367 | 5,236 | 5,055 | 4,915 | 4,760 | ||||||||||
Developmental Licensed | 14 | 14 | 13 | 13 | 12 | ||||||||||
Foreign Affiliated | — | — | — | — | — | ||||||||||
Total Franchised | 5,381 | 5,250 | 5,068 | 4,928 | 4,772 | ||||||||||
Company-operated | 1,336 | 1,354 | 1,418 | 1,459 | 1,523 | ||||||||||
Systemwide Restaurants | 6,717 | 6,604 | 6,486 | 6,387 | 6,295 | ||||||||||
Total Assets | $ | 12,538.4 | $ | 14,815.5 | $ | 14,001.9 | $ | 11,912.4 | $ | 10,938.8 | |||||
Total Capital Expenditures | 792.1 | 793.3 | 844.8 | 922.1 | 769.2 | ||||||||||
Total Depreciation and Amortization | 521.2 | 507.4 | 495.2 | 481.3 | 423.9 | ||||||||||
The markets included in the McDonald's International Lead Markets segment are Australia, Canada, France, Germany, and the U.K. and the related markets of Ireland, Luxembourg, New Zealand and the Pacific Islands. | |||||||||||||||
MCDONALD'S CORPORATION | |||||||||||||
SCHEDULE OF SEGMENT SUMMARY FINANCIAL INFORMATION AND OTHER DATA | |||||||||||||
INTERNATIONAL LEAD MARKETS | |||||||||||||
(Unaudited and $ in millions) | |||||||||||||
Three Months Ended | |||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||
Summary Operating Results | 2014 | 2014 | 2014 | 2014 | |||||||||
Sales by company-operated restaurants | $ | 1,299.5 | $ | 1,402.4 | $ | 1,405.3 | $ | 1,335.8 | |||||
Revenues from franchised restaurants | 736.3 | 788.3 | 819.0 | 757.9 | |||||||||
Total Revenues | 2,035.8 | 2,190.7 | 2,224.3 | 2,093.7 | |||||||||
Company-operated Restaurant Margins | 247.9 | 276.4 | 289.9 | 266.1 | |||||||||
Franchised Restaurant Margins | 584.2 | 631.6 | 661.3 | 608.7 | |||||||||
Operating Income | $ | 703.2 | $ | 765.6 | $ | 830.6 | $ | 735.1 | |||||
Other Financial Information | |||||||||||||
Comparable Sales | 1.5 | % | 0.1 | % | 0.4 | % | 1.3 | % | |||||
Franchised Sales | $ | 4,238.6 | $ | 4,570.9 | $ | 4,735.5 | $ | 4,376.5 | |||||
Company-operated Margin % | 19.1 | % | 19.7 | % | 20.6 | % | 19.9 | % | |||||
Franchised Margin % | 79.3 | % | 80.1 | % | 80.8 | % | 80.3 | % | |||||
Operating Income % Change | 3 | % | 2 | % | 3 | % | (7 | )% | |||||
Operating Income % Change, excl. currency translation | 3 | % | 0 | % | 2 | % | 0 | % | |||||
Systemwide Restaurants: | |||||||||||||
Conventional Franchised | 5,237 | 5,276 | 5,287 | 5,367 | |||||||||
Developmental Licensed | 14 | 14 | 14 | 14 | |||||||||
Foreign Affiliated | — | — | — | — | |||||||||
Total Franchised | 5,251 | 5,290 | 5,301 | 5,381 | |||||||||
Company-operated | 1,358 | 1,343 | 1,352 | 1,336 | |||||||||
Systemwide Restaurants | 6,609 | 6,633 | 6,653 | 6,717 | |||||||||
MCDONALD'S CORPORATION | |||||||||
SCHEDULE OF SEGMENT SUMMARY FINANCIAL INFORMATION AND OTHER DATA | |||||||||
INTERNATIONAL LEAD MARKETS | |||||||||
(Unaudited and $ in millions) | |||||||||
Three Months Ended | |||||||||
March 31, | June 30, | ||||||||
Summary Operating Results | 2015 | 2015 | |||||||
Sales by company-operated restaurants | $ | 1,141.1 | $ | 1,231.8 | |||||
Revenues from franchised restaurants | 649.7 | 705.1 | |||||||
Total Revenues | 1,790.8 | 1,936.9 | |||||||
Company-operated Restaurant Margins | 217.4 | 245.7 | |||||||
Franchised Restaurant Margins | 511.9 | 564.4 | |||||||
Operating Income | $ | 583.5 | $ | 688.6 | |||||
Other Financial Information | |||||||||
Comparable Sales | 0.9 | % | 3.8 | % | |||||
Franchised Sales | $ | 3,760.3 | $ | 4,107.8 | |||||
Company-operated Margin % | 19.1 | % | 19.9 | % | |||||
Franchised Margin % | 78.8 | % | 80.0 | % | |||||
Operating Income % Change | (17 | )% | (10 | )% | |||||
Operating Income % Change, excl. currency translation | (3 | )% | 7 | % | |||||
Systemwide Restaurants: | |||||||||
Conventional Franchised | 5,366 | 5,413 | |||||||
Developmental Licensed | 14 | 14 | |||||||
Foreign Affiliated | — | — | |||||||
Total Franchised | 5,380 | 5,427 | |||||||
Company-operated | 1,333 | 1,304 | |||||||
Systemwide Restaurants | 6,713 | 6,731 | |||||||
MCDONALD'S CORPORATION | |||||||||||||||
SCHEDULE OF SEGMENT SUMMARY FINANCIAL INFORMATION AND OTHER DATA | |||||||||||||||
HIGH GROWTH MARKETS | |||||||||||||||
(Unaudited and $ in millions) | |||||||||||||||
Years Ended December 31 | |||||||||||||||
Summary Operating Results | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||
Sales by company-operated restaurants | $ | 6,071.5 | $ | 6,321.6 | $ | 5,950.5 | $ | 5,600.9 | $ | 4,610.3 | |||||
Revenues from franchised restaurants | 773.7 | 721.6 | 650.0 | 651.9 | 551.3 | ||||||||||
Total Revenues | 6,845.2 | 7,043.2 | 6,600.5 | 6,252.8 | 5,161.6 | ||||||||||
Company-operated Restaurant Margins | 780.3 | 1,019.1 | 1,017.9 | 999.2 | 851.9 | ||||||||||
Franchised Restaurant Margins | 554.5 | 531.1 | 490.8 | 495.3 | 415.2 | ||||||||||
G&A | 388.7 | 351.3 | 335.8 | 327.0 | 282.0 | ||||||||||
Other Operating (Inc)/Exp, net | 12.2 | (51.1 | ) | (54.4 | ) | (6.9 | ) | (12.0 | ) | ||||||
Operating Income | $ | 933.9 | $ | 1,250.0 | $ | 1,227.3 | $ | 1,174.4 | $ | 997.1 | |||||
Other Financial Information | |||||||||||||||
Comparable Sales | (2.8 | )% | (0.6 | )% | 2.3 | % | 8.1 | % | 5.1 | % | |||||
Comparable Guest Counts | (2.9 | )% | (2.2 | )% | 0.2 | % | 6.1 | % | 3.5 | % | |||||
Franchised Sales | $ | 4,678.0 | $ | 4,304.8 | $ | 3,869.3 | $ | 3,850.4 | $ | 3,268.1 | |||||
Company-operated Margin % | 12.9 | % | 16.1 | % | 17.1 | % | 17.8 | % | 18.5 | % | |||||
Franchised Margin % | 71.7 | % | 73.6 | % | 75.5 | % | 76.0 | % | 75.3 | % | |||||
Operating Income % Change | (25 | )% | 2 | % | 5 | % | 18 | % | 12 | % | |||||
Operating Income % Change, excl. currency translation | (23 | )% | 1 | % | 10 | % | 11 | % | 12 | % | |||||
Systemwide Restaurants: | |||||||||||||||
Conventional Franchised | 1,503 | 1,345 | 1,214 | 1,110 | 1,039 | ||||||||||
Developmental Licensed | 411 | 234 | 164 | 87 | 68 | ||||||||||
Foreign Affiliated | 285 | 269 | 240 | 202 | 166 | ||||||||||
Total Franchised | 2,199 | 1,848 | 1,618 | 1,399 | 1,273 | ||||||||||
Company-operated | 2,832 | 2,791 | 2,584 | 2,410 | 2,242 | ||||||||||
Systemwide Restaurants | 5,031 | 4,639 | 4,202 | 3,809 | 3,515 | ||||||||||
Total Assets | $ | 5,866.0 | $ | 6,335.5 | $ | 5,739.5 | $ | 4,928.6 | $ | 4,482.4 | |||||
Total Capital Expenditures | 804.8 | 831.1 | 817.1 | 701.7 | 551.1 | ||||||||||
Total Depreciation and Amortization | 387.8 | 357.3 | 312.3 | 291.4 | 239.1 | ||||||||||
The markets included in the McDonald's High-Growth Markets segment are China, Italy, Korea, Poland, Russia, Spain, Switzerland, and the Netherlands and the related markets of Hong Kong and Macau. | |||||||||||||||
MCDONALD'S CORPORATION | |||||||||||||
SCHEDULE OF SEGMENT SUMMARY FINANCIAL INFORMATION AND OTHER DATA | |||||||||||||
HIGH GROWTH MARKETS | |||||||||||||
(Unaudited and $ in millions) | |||||||||||||
Three Months Ended | |||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||
Summary Operating Results | 2014 | 2014 | 2014 | 2014 | |||||||||
Sales by company-operated restaurants | $ | 1,556.8 | $ | 1,639.0 | $ | 1,526.7 | $ | 1,349.0 | |||||
Revenues from franchised restaurants | 187.3 | 200.7 | 195.9 | 189.8 | |||||||||
Total Revenues | 1,744.1 | 1,839.7 | 1,722.6 | 1,538.8 | |||||||||
Company-operated Restaurant Margins | 221.2 | 253.9 | 187.1 | 118.1 | |||||||||
Franchised Restaurant Margins | 133.5 | 145.2 | 140.1 | 135.7 | |||||||||
Operating Income | $ | 252.5 | $ | 308.4 | $ | 214.3 | $ | 158.7 | |||||
Other Financial Information | |||||||||||||
Comparable Sales | 2.5 | % | 1.2 | % | (9.6 | )% | (4.2 | )% | |||||
Franchised Sales | $ | 1,132.9 | $ | 1,204.6 | $ | 1,208.7 | $ | 1,131.8 | |||||
Company-operated Margin % | 14.2 | % | 15.5 | % | 12.3 | % | 8.8 | % | |||||
Franchised Margin % | 71.2 | % | 72.3 | % | 71.5 | % | 71.5 | % | |||||
Operating Income % Change | (3 | )% | 4 | % | (44 | )% | (49 | )% | |||||
Operating Income % Change, excl. currency translation | (3 | )% | 4 | % | (42 | )% | (41 | )% | |||||
Systemwide Restaurants: | |||||||||||||
Conventional Franchised | 1,368 | 1,399 | 1,433 | 1,503 | |||||||||
Developmental Licensed | 288 | 316 | 371 | 411 | |||||||||
Foreign Affiliated | 269 | 272 | 278 | 285 | |||||||||
Total Franchised | 1,925 | 1,987 | 2,082 | 2,199 | |||||||||
Company-operated | 2,763 | 2,780 | 2,781 | 2,832 | |||||||||
Systemwide Restaurants | 4,688 | 4,767 | 4,863 | 5,031 | |||||||||
MCDONALD'S CORPORATION | |||||||||
SCHEDULE OF SEGMENT SUMMARY FINANCIAL INFORMATION AND OTHER DATA | |||||||||
HIGH GROWTH MARKETS | |||||||||
(Unaudited and $ in millions) | |||||||||
Three Months Ended | |||||||||
March 31, | June 30, | ||||||||
Summary Operating Results | 2015 | 2015 | |||||||
Sales by company-operated restaurants | $ | 1,288.1 | $ | 1,431.5 | |||||
Revenues from franchised restaurants | 168.2 | 181.4 | |||||||
Total Revenues | 1,456.3 | 1,612.9 | |||||||
Company-operated Restaurant Margins | 139.4 | 179.7 | |||||||
Franchised Restaurant Margins | 116.5 | 129.0 | |||||||
Operating Income | $ | 123.1 | $ | 218.9 | |||||
Other Financial Information | |||||||||
Comparable Sales | (3.2 | )% | (1.4 | )% | |||||
Franchised Sales | $ | 1,060.8 | $ | 1,130.5 | |||||
Company-operated Margin % | 10.8 | % | 12.6 | % | |||||
Franchised Margin % | 69.3 | % | 71.1 | % | |||||
Operating Income % Change | (51 | )% | (29 | )% | |||||
Operating Income % Change, excl. currency translation | (36 | )% | (14 | )% | |||||
Systemwide Restaurants: | |||||||||
Conventional Franchised | 1,512 | 1,549 | |||||||
Developmental Licensed | 426 | 429 | |||||||
Foreign Affiliated | 269 | 272 | |||||||
Total Franchised | 2,207 | 2,250 | |||||||
Company-operated | 2,868 | 2,876 | |||||||
Systemwide Restaurants | 5,075 | 5,126 | |||||||
MCDONALD'S CORPORATION | |||||||||||||||
SCHEDULE OF SEGMENT SUMMARY FINANCIAL INFORMATION AND OTHER DATA | |||||||||||||||
FOUNDATIONAL MARKETS & CORPORATE | |||||||||||||||
(Unaudited and $ in millions) | |||||||||||||||
Years Ended December 31 | |||||||||||||||
Summary Operating Results | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||
Sales by company-operated restaurants | $ | 2,303.5 | $ | 2,528.0 | $ | 2,468.0 | $ | 2,519.8 | $ | 2,266.6 | |||||
Revenues from franchised restaurants | 1,097.1 | 1,147.9 | 1,116.4 | 1,094.2 | 906.6 | ||||||||||
Total Revenues | 3,400.6 | 3,675.9 | 3,584.4 | 3,614.0 | 3,173.2 | ||||||||||
Company-operated Restaurant Margins | 264.3 | 368.0 | 380.0 | 411.1 | 369.0 | ||||||||||
Franchised Restaurant Margins | 962.2 | 1,020.5 | 999.0 | 972.3 | 795.5 | ||||||||||
G&A | 705.7 | 708.1 | 727.1 | 688.1 | 695.3 | ||||||||||
Other Operating (Inc)/Exp, net | 62.5 | (25.8 | ) | (67.1 | ) | (84.9 | ) | (21.5 | ) | ||||||
Operating Income | $ | 458.3 | $ | 706.2 | $ | 719.0 | $ | 780.2 | $ | 490.7 | |||||
Other Financial Information | |||||||||||||||
Comparable Sales | (0.1 | )% | 1.5 | % | 3.1 | % | 6.3 | % | 7.7 | % | |||||
Comparable Guest Counts | (4.8 | )% | (3.0 | )% | 1.8 | % | 3.1 | % | 5.7 | % | |||||
Franchised Sales | $ | 15,922.1 | $ | 17,095.0 | $ | 17,721.1 | $ | 17,275.5 | $ | 14,984.3 | |||||
Company-operated Margin % | 11.5 | % | 14.6 | % | 15.4 | % | 16.3 | % | 16.3 | % | |||||
Franchised Margin % | 87.7 | % | 88.9 | % | 89.5 | % | 88.9 | % | 87.7 | % | |||||
Operating Income % Change | (35 | )% | (2 | )% | (8 | )% | 59 | % | 39 | % | |||||
Operating Income % Change, excl. currency translation | (22 | )% | 7 | % | 1 | % | 46 | % | 39 | % | |||||
Systemwide Restaurants: | |||||||||||||||
Conventional Franchised | 1,068 | 1,035 | 995 | 956 | 1,003 | ||||||||||
Developmental Licensed | 4,803 | 4,499 | 4,173 | 3,829 | 3,405 | ||||||||||
Foreign Affiliated | 3,257 | 3,320 | 3,423 | 3,417 | 3,408 | ||||||||||
Total Franchised | 9,128 | 8,854 | 8,591 | 8,202 | 7,816 | ||||||||||
Company-operated | 1,032 | 1,054 | 1,044 | 1,014 | 1,084 | ||||||||||
Systemwide Restaurants | 10,160 | 9,908 | 9,635 | 9,216 | 8,900 | ||||||||||
Total Assets | $ | 4,004.9 | $ | 3,763.5 | $ | 4,213.5 | $ | 5,283.4 | $ | 6,086.3 | |||||
Total Capital Expenditures | 250.4 | 324.8 | 322.3 | 319.5 | 284.7 | ||||||||||
Total Depreciation and Amortization | 223.3 | 216.8 | 203.9 | 196.3 | 180.2 | ||||||||||
McDonald's Foundational Markets & Corporate segment includes all remaining non-U.S. markets not included in the Company's International Lead and High-Growth Markets segments and all Corporate-related expenses. | |||||||||||||||
MCDONALD'S CORPORATION | |||||||||||||
SCHEDULE OF SEGMENT SUMMARY FINANCIAL INFORMATION AND OTHER DATA | |||||||||||||
FOUNDATIONAL MARKETS & CORPORATE | |||||||||||||
(Unaudited and $ in millions) | |||||||||||||
Three Months Ended | |||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||
Summary Operating Results | 2014 | 2014 | 2014 | 2014 | |||||||||
Sales by company-operated restaurants | $ | 593.3 | $ | 611.1 | $ | 566.9 | $ | 532.2 | |||||
Revenues from franchised restaurants | 273.0 | 291.2 | 271.2 | 261.7 | |||||||||
Total Revenues | 866.3 | 902.3 | 838.1 | 793.9 | |||||||||
Company-operated Restaurant Margins | 74.2 | 77.9 | 61.6 | 50.6 | |||||||||
Franchised Restaurant Margins | 238.9 | 257.0 | 237.0 | 229.3 | |||||||||
Operating Income | $ | 159.5 | $ | 134.5 | $ | 113.2 | $ | 51.1 | |||||
Other Financial Information | |||||||||||||
Comparable Sales | 2.3 | % | 1.7 | % | (4.0 | )% | (0.1 | )% | |||||
Franchised Sales | $ | 4,007.1 | $ | 4,100.0 | $ | 4,006.7 | $ | 3,808.3 | |||||
Company-operated Margin % | 12.5 | % | 12.7 | % | 10.9 | % | 9.5 | % | |||||
Franchised Margin % | 87.6 | % | 88.2 | % | 87.4 | % | 87.6 | % | |||||
Operating Income % Change | (1 | )% | (27 | )% | (45 | )% | (67 | )% | |||||
Operating Income % Change, excl. currency translation | 14 | % | (18 | )% | (37 | )% | (47 | )% | |||||
Systemwide Restaurants: | |||||||||||||
Conventional Franchised | 1,042 | 1,049 | 1,058 | 1,068 | |||||||||
Developmental Licensed | 4,531 | 4,613 | 4,674 | 4,803 | |||||||||
Foreign Affiliated | 3,303 | 3,298 | 3,262 | 3,257 | |||||||||
Total Franchised | 8,876 | 8,960 | 8,994 | 9,128 | |||||||||
Company-operated | 1,059 | 1,033 | 1,027 | 1,032 | |||||||||
Systemwide Restaurants | 9,935 | 9,993 | 10,021 | 10,160 | |||||||||
MCDONALD'S CORPORATION | |||||||||
SCHEDULE OF SEGMENT SUMMARY FINANCIAL INFORMATION AND OTHER DATA | |||||||||
FOUNDATIONAL MARKETS & CORPORATE | |||||||||
(Unaudited and $ in millions) | |||||||||
Three Months Ended | |||||||||
March 31, | June 30, | ||||||||
Summary Operating Results | 2015 | 2015 | |||||||
Sales by company-operated restaurants | $ | 494.7 | $ | 523.6 | |||||
Revenues from franchised restaurants | 239.0 | 250.1 | |||||||
Total Revenues | 733.7 | 773.7 | |||||||
Company-operated Restaurant Margins | 51.9 | 62.2 | |||||||
Franchised Restaurant Margins | 209.3 | 220.6 | |||||||
Operating Income | $ | (52.9 | ) | $ | 16.0 | ||||
Other Financial Information | |||||||||
Comparable Sales | (5.3 | )% | (3.4 | )% | |||||
Franchised Sales | $ | 3,280.1 | $ | 3,374.5 | |||||
Company-operated Margin % | 10.5 | % | 11.9 | % | |||||
Franchised Margin % | 87.6 | % | 88.2 | % | |||||
Operating Income % Change | n/m | (88 | )% | ||||||
Operating Income % Change, excl. currency translation | n/m | (62 | )% | ||||||
Systemwide Restaurants: | |||||||||
Conventional Franchised | 1,069 | 1,074 | |||||||
Developmental Licensed | 4,821 | 4,850 | |||||||
Foreign Affiliated | 3,239 | 3,244 | |||||||
Total Franchised | 9,129 | 9,168 | |||||||
Company-operated | 1,034 | 1,025 | |||||||
Systemwide Restaurants | 10,163 | 10,193 | |||||||
n/m - not meaningful | |||||||||
THE FOLLOWING DEFINITIONS APPLY TO THESE TERMS AS USED THROUGHOUT EXHIBIT 99.1
• | Information excluding currency translation is calculated by translating current year results at prior year average exchange rates. Management reviews and analyzes business results excluding the effect of foreign currency translation and bases incentive compensation plans on these results because they believe this better represents the Company's underlying business trends. |
• | Comparable sales represent sales at all restaurants and comparable guest counts represent the number of transactions at all restaurants, whether operated by the Company or by franchisees, in operation at least thirteen months, including those temporarily closed. Some of the reasons restaurants may be temporarily closed include reimaging or remodeling, rebuilding, road construction and natural disasters. Comparable sales exclude the impact of currency translation. Comparable sales are driven by changes in guest counts and average check, which is affected by changes in pricing and product mix. Typically, pricing has a greater impact on average check than product mix. Management reviews the increase or decrease in comparable sales and comparable guest counts compared with the same period in the prior year to assess business trends. |
• | Franchised sales include sales at all franchised restaurants. Franchised sales are not recorded as revenues by the Company, but are the basis on which the Company calculates and records franchised revenues and are indicative of the health of the franchisee base. |