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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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McDonald's Corp., Consolidated Income Statement
USD $ in thousands
| 12 months ended | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | Dec 31, 2006 | |
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Sales by Company-operated restaurants | |
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Revenues from franchised restaurants | |
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Revenues | |
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Food & paper | |
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Payroll & employee benefits | |
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Occupancy costs | |
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Company-operated restaurant expenses | |
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Franchised restaurants, occupancy expenses | |
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Selling, general & administrative expenses | |
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Impairment and other (charges) credits, net | |
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Gains on sales of restaurant businesses | |
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Equity in earnings of unconsolidated affiliates | |
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Asset dispositions and other expense | |
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Other operating income (expense), net | |
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Operating costs and expenses | |
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Operating income | |
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Interest expense, net of capitalized interest | |
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Nonoperating income (expense), net | |
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Gain on sale of investment | |
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Income from continuing operations before provision for income taxes | |
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Provision for income taxes | |
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Income from continuing operations | |
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Income from discontinued operations, net of taxes | |
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Net income | |
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| Item | Description | The company |
|---|---|---|
| Revenues | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | McDonald's Corp.'s revenues declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | McDonald's Corp.'s operating income increased from 2008 to 2009 and from 2009 to 2010. |
| Income from continuing operations before provision for income taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | McDonald's Corp.'s income from continuing operations before provision for income taxes increased from 2008 to 2009 and from 2009 to 2010. |
| Income from continuing operations | This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | McDonald's Corp.'s income from continuing operations increased from 2008 to 2009 and from 2009 to 2010. |
| Net income | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | McDonald's Corp.'s net income increased from 2008 to 2009 and from 2009 to 2010. |
February 8, 2012