Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

McDonald’s Corp., consolidated cash flow statement (quarterly data)

US$ in thousands

3 months ended:	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income	2,039,000)	2,317,100)	2,310,400)	1,802,300)	1,903,400)	1,981,600)	1,188,000)	1,104,400)	1,638,800)	2,149,900)	2,219,300)	1,537,200)	1,377,200)	1,762,600)	483,800)	1,106,900)	1,572,200)	1,607,900)	1,516,900)	1,328,400)
Depreciation and amortization	497,500)	498,000)	492,200)	490,500)	463,100)	465,600)	462,200)	479,700)	481,600)	469,200)	463,400)	453,900)	464,300)	440,100)	425,700)	421,300)	413,600)	413,400)	398,300)	392,600)
Deferred income taxes	(271,600)	(176,200)	(152,500)	(86,100)	37,400)	(196,300)	(136,300)	(50,500)	(12,100)	(45,800)	(368,900)	(1,500)	(189,900)	(38,000)	(42,100)	276,400)	(41,100)	78,500)	58,000)	54,300)
Share-based compensation	37,400)	42,900)	45,200)	49,700)	35,800)	38,300)	38,300)	54,300)	41,300)	34,100)	36,500)	27,300)	28,400)	7,300)	30,800)	25,900)	19,500)	29,600)	28,900)	31,600)
Other	(32,800)	(105,900)	(46,400)	(30,800)	(98,300)	(45,600)	234,200)	72,000)	(72,100)	(163,600)	(71,200)	(130,000)	(77,900)	(56,800)	119,200)	(87,900)	(81,200)	(64,200)	14,900)	51,500)
Charges and credits	230,500)	258,800)	338,500)	423,300)	438,000)	262,000)	598,400)	555,500)	438,700)	293,900)	59,800)	349,700)	224,900)	352,600)	533,600)	635,700)	310,800)	457,300)	500,100)	530,000)
Changes in working capital items	219,400)	453,100)	(975,600)	195,100)	(140,000)	190,300)	(1,168,300)	473,400)	589,000)	174,000)	(545,900)	237,100)	390,700)	824,300)	(1,230,500)	(196,600)	6,300)	221,500)	(91,500)	162,200)
Adjustments to reconcile to cash provided by operations	449,900)	711,900)	(637,100)	618,400)	298,000)	452,300)	(569,900)	1,028,900)	1,027,700)	467,900)	(486,100)	586,800)	615,600)	1,176,900)	(696,900)	439,100)	317,100)	678,800)	408,600)	692,200)
Cash provided by operations	2,488,900)	3,029,000)	1,673,300)	2,420,700)	2,201,400)	2,433,900)	618,100)	2,133,300)	2,666,500)	2,617,800)	1,733,200)	2,124,000)	1,992,800)	2,939,500)	(213,100)	1,546,000)	1,889,300)	2,286,700)	1,925,500)	2,020,600)
Capital expenditures	(757,300)	(570,300)	(526,500)	(503,300)	(528,900)	(531,200)	(437,900)	(401,200)	(687,200)	(501,500)	(482,600)	(368,700)	(463,100)	(390,200)	(305,000)	(482,500)	(731,900)	(548,700)	(597,800)	(515,300)
Purchases of restaurant businesses	(137,700)	(91,900)	(114,000)	(97,600)	(457,500)	(152,300)	(110,500)	(86,700)	(257,500)	(28,600)	(49,400)	(38,700)	(16,100)	(6,700)	(23,700)	(19,600)	(106,100)	(41,000)	(384,800)	(9,000)
Sales of restaurant and other businesses	99,500)	15,800)	59,200)	20,800)	44,600)	33,100)	351,700)	16,500)	54,300)	60,100)	52,200)	29,600)	40,800)	8,000)	1,800)	25,700)	90,900)	49,400)	68,600)	131,900)
Sales of property	59,600)	13,600)	3,700)	18,000)	16,600)	11,100)	6,300)	4,900)	8,300)	41,300)	23,800)	32,800)	9,600)	200)	1,800)	15,800)	38,900)	21,100)	68,900)	22,300)
Other	(103,500)	(300,500)	(92,900)	(179,200)	(146,100)	(93,800)	(128,800)	(88,000)	(240,600)	43,800)	42,500)	100,400)	65,900)	120,800)	(71,500)	(57,800)	(98,800)	(73,600)	(54,900)	(401,200)
Cash used for investing activities	(839,400)	(933,300)	(670,500)	(741,300)	(1,071,300)	(733,100)	(319,200)	(554,500)	(1,122,700)	(384,900)	(413,500)	(244,600)	(362,900)	(267,900)	(396,600)	(518,400)	(807,000)	(592,800)	(900,000)	(771,300)
Net short-term borrowings	350,200)	6,900)	(157,100)	12,800)	14,800)	(305,400)	310,100)	6,000)	7,500)	(300)	1,400)	6,500)	(7,400)	(993,400)	(4,100)	111,800)	904,800)	(600,700)	589,100)	(94,000)
Long-term financing issuances	2,170,700)	1,996,100)	—)	1,054,300)	—)	1,500,000)	1,874,500)	—)	1,154,400)	—)	—)	—)	—)	2,800)	800)	5,539,400)	4,200)	1,975,000)	6,500)	2,513,300)
Long-term financing repayments	(1,063,700)	(500)	(1,376,900)	—)	(600)	(400)	(850,800)	(1,350,600)	(500,600)	(400)	(401,200)	(1,337,800)	(997,600)	(451,500)	(699,900)	(262,700)	2,200)	(667,900)	(981,200)	(415,000)
Treasury stock purchases	(851,800)	(1,054,400)	(569,700)	(578,400)	(489,100)	(869,200)	(1,031,200)	(1,506,500)	(803,300)	(17,700)	(3,000)	(21,500)	(2,200)	(700)	(2,300)	(902,600)	(1,444,900)	(1,467,800)	(1,067,400)	(996,100)
Common stock dividends	(1,208,100)	(1,104,700)	(1,108,800)	(1,111,200)	(1,111,500)	(1,014,700)	(1,016,900)	(1,025,100)	(1,029,100)	(963,900)	(963,300)	(962,300)	(961,600)	(930,900)	(929,700)	(930,700)	(935,200)	(876,900)	(883,000)	(886,800)
Proceeds from stock option exercises	48,900)	62,200)	74,900)	73,800)	79,900)	62,400)	47,200)	58,700)	87,100)	66,600)	72,900)	59,100)	33,200)	105,300)	57,700)	99,300)	27,100)	73,400)	139,400)	110,600)
Other	(31,900)	(41,800)	43,800)	(9,700)	(10,500)	80,900)	(19,600)	(12,600)	(14,000)	(11,700)	(13,100)	(7,900)	—)	(100)	(400)	(121,500)	—)	(12,700)	500)	(11,300)
Cash provided by (used for) financing activities	(585,700)	(136,200)	(3,093,800)	(558,400)	(1,517,000)	(546,400)	(686,700)	(3,830,100)	(1,098,000)	(927,400)	(1,306,300)	(2,263,900)	(1,935,600)	(2,268,500)	(1,577,900)	3,533,000)	(1,441,800)	(1,577,600)	(2,196,100)	220,700)
Effect of exchange rates on cash and cash equivalents	19,200)	(88,800)	8,500)	3,300)	142,400)	(198,600)	(75,400)	(122,200)	(42,400)	(49,100)	16,300)	(44,900)	71,000)	25,000)	63,500)	(79,300)	80,700)	(73,500)	16,000)	(46,900)
Cash and equivalents increase (decrease)	1,083,000)	1,870,700)	(2,082,500)	1,124,300)	(244,500)	955,800)	(463,200)	(2,373,500)	403,400)	1,256,400)	29,700)	(429,400)	(234,700)	428,100)	(2,124,100)	4,481,300)	(278,800)	42,800)	(1,154,600)	1,423,100)

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Cash flow statement item	Description	The company
Cash provided by operations	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	McDonald’s Corp. cash provided by operations increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.
Cash used for investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	McDonald’s Corp. cash used for investing activities decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 2023.
Cash provided by (used for) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	McDonald’s Corp. cash provided by (used for) financing activities increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.

McDonald’s Corp. (NYSE:MCD)

Cash Flow StatementQuarterly Data

Cash Flow Statement
Quarterly Data