Analysis of Reportable Segments
McDonald’s Corp. operates in 3 segments: U.S.; International Operated Markets; and International Developmental Licensed Markets & Corporate.
Segment Profit Margin
McDonald’s Corp., profit margin by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S. | 53.88% | 53.57% | 53.63% | 48.40% | 51.88% |
| International Operated Markets | 47.10% | 34.75% | 41.99% | 34.64% | 42.01% |
| International Developmental Licensed Markets & Corporate | 4.75% | 13.43% | 22.01% | 12.15% | 11.56% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | U.S. | U.S. segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| International Operated Markets | International Operated Markets segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. | |
| International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: U.S.
McDonald’s Corp.; U.S.; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Operating income | 5,694,400) | 5,136,400) | 4,754,700) | 3,789,100) | 4,068,700) |
| Revenues | 10,568,400) | 9,588,400) | 8,865,000) | 7,828,500) | 7,842,700) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 53.88% | 53.57% | 53.63% | 48.40% | 51.88% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Operating income ÷ Revenues
= 100 × 5,694,400 ÷ 10,568,400 = 53.88%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | U.S. | U.S. segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Profit Margin: International Operated Markets
McDonald’s Corp.; International Operated Markets; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Operating income | 5,831,500) | 3,926,000) | 5,130,600) | 3,315,100) | 4,789,000) |
| Revenues | 12,382,000) | 11,297,000) | 12,219,800) | 9,570,700) | 11,398,600) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 47.10% | 34.75% | 41.99% | 34.64% | 42.01% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Operating income ÷ Revenues
= 100 × 5,831,500 ÷ 12,382,000 = 47.10%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | International Operated Markets | International Operated Markets segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Profit Margin: International Developmental Licensed Markets & Corporate
McDonald’s Corp.; International Developmental Licensed Markets & Corporate; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Operating income | 120,800) | 308,600) | 470,700) | 219,800) | 212,100) |
| Revenues | 2,543,300) | 2,297,200) | 2,138,100) | 1,808,600) | 1,835,200) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 4.75% | 13.43% | 22.01% | 12.15% | 11.56% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Operating income ÷ Revenues
= 100 × 120,800 ÷ 2,543,300 = 4.75%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Return on Assets (Segment ROA)
McDonald’s Corp., ROA by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S. | 25.33% | 23.57% | 22.34% | 18.03% | 19.03% |
| International Operated Markets | 24.35% | 17.86% | 21.21% | 13.40% | 20.96% |
| International Developmental Licensed Markets & Corporate | 1.24% | 4.63% | 5.61% | 3.20% | 6.45% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | U.S. | U.S. segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
| International Operated Markets | International Operated Markets segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. | |
| International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: U.S.
McDonald’s Corp.; U.S.; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Operating income | 5,694,400) | 5,136,400) | 4,754,700) | 3,789,100) | 4,068,700) |
| Assets | 22,477,000) | 21,793,000) | 21,280,300) | 21,010,000) | 21,376,900) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 25.33% | 23.57% | 22.34% | 18.03% | 19.03% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Operating income ÷ Assets
= 100 × 5,694,400 ÷ 22,477,000 = 25.33%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | U.S. | U.S. segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: International Operated Markets
McDonald’s Corp.; International Operated Markets; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Operating income | 5,831,500) | 3,926,000) | 5,130,600) | 3,315,100) | 4,789,000) |
| Assets | 23,946,900) | 21,979,300) | 24,186,100) | 24,744,000) | 22,847,500) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 24.35% | 17.86% | 21.21% | 13.40% | 20.96% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Operating income ÷ Assets
= 100 × 5,831,500 ÷ 23,946,900 = 24.35%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | International Operated Markets | International Operated Markets segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment ROA: International Developmental Licensed Markets & Corporate
McDonald’s Corp.; International Developmental Licensed Markets & Corporate; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Operating income | 120,800) | 308,600) | 470,700) | 219,800) | 212,100) |
| Assets | 9,722,900) | 6,663,300) | 8,387,900) | 6,872,800) | 3,286,400) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 1.24% | 4.63% | 5.61% | 3.20% | 6.45% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Operating income ÷ Assets
= 100 × 120,800 ÷ 9,722,900 = 1.24%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover
McDonald’s Corp., asset turnover by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S. | 0.47 | 0.44 | 0.42 | 0.37 | 0.37 |
| International Operated Markets | 0.52 | 0.51 | 0.51 | 0.39 | 0.50 |
| International Developmental Licensed Markets & Corporate | 0.26 | 0.34 | 0.25 | 0.26 | 0.56 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | U.S. | U.S. segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| International Operated Markets | International Operated Markets segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Segment Asset Turnover: U.S.
McDonald’s Corp.; U.S.; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenues | 10,568,400) | 9,588,400) | 8,865,000) | 7,828,500) | 7,842,700) |
| Assets | 22,477,000) | 21,793,000) | 21,280,300) | 21,010,000) | 21,376,900) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.47 | 0.44 | 0.42 | 0.37 | 0.37 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Assets
= 10,568,400 ÷ 22,477,000 = 0.47
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | U.S. | U.S. segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: International Operated Markets
McDonald’s Corp.; International Operated Markets; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenues | 12,382,000) | 11,297,000) | 12,219,800) | 9,570,700) | 11,398,600) |
| Assets | 23,946,900) | 21,979,300) | 24,186,100) | 24,744,000) | 22,847,500) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.52 | 0.51 | 0.51 | 0.39 | 0.50 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Assets
= 12,382,000 ÷ 23,946,900 = 0.52
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | International Operated Markets | International Operated Markets segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: International Developmental Licensed Markets & Corporate
McDonald’s Corp.; International Developmental Licensed Markets & Corporate; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenues | 2,543,300) | 2,297,200) | 2,138,100) | 1,808,600) | 1,835,200) |
| Assets | 9,722,900) | 6,663,300) | 8,387,900) | 6,872,800) | 3,286,400) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.26 | 0.34 | 0.25 | 0.26 | 0.56 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Assets
= 2,543,300 ÷ 9,722,900 = 0.26
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Segment Capital Expenditures to Depreciation
McDonald’s Corp., capital expenditures to depreciation by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S. | 0.99 | 0.94 | 1.12 | 1.09 | 2.03 |
| International Operated Markets | 1.97 | 1.58 | 1.45 | 1.08 | 1.32 |
| International Developmental Licensed Markets & Corporate | 0.16 | 0.08 | 0.16 | 0.07 | 0.12 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | U.S. | U.S. segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| International Operated Markets | International Operated Markets segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Capital Expenditures to Depreciation: U.S.
McDonald’s Corp.; U.S.; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 962,500) | 860,000) | 940,700) | 890,400) | 1,480,500) |
| Depreciation and amortization | 968,900) | 912,400) | 840,700) | 813,800) | 730,200) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.99 | 0.94 | 1.12 | 1.09 | 2.03 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 962,500 ÷ 968,900 = 0.99
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | U.S. | U.S. segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: International Operated Markets
McDonald’s Corp.; International Operated Markets; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 1,340,500) | 1,015,200) | 1,050,600) | 731,500) | 886,600) |
| Depreciation and amortization | 679,500) | 640,600) | 726,400) | 678,500) | 669,300) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.97 | 1.58 | 1.45 | 1.08 | 1.32 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 1,340,500 ÷ 679,500 = 1.97
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | International Operated Markets | International Operated Markets segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: International Developmental Licensed Markets & Corporate
McDonald’s Corp.; International Developmental Licensed Markets & Corporate; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 54,400) | 24,000) | 48,700) | 18,900) | 26,600) |
| Depreciation and amortization | 329,800) | 317,600) | 301,000) | 259,100) | 218,400) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.16 | 0.08 | 0.16 | 0.07 | 0.12 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 54,400 ÷ 329,800 = 0.16
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | International Developmental Licensed Markets & Corporate | International Developmental Licensed Markets & Corporate segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Revenues
McDonald’s Corp., revenues by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S. | 10,568,400) | 9,588,400) | 8,865,000) | 7,828,500) | 7,842,700) |
| International Operated Markets | 12,382,000) | 11,297,000) | 12,219,800) | 9,570,700) | 11,398,600) |
| International Developmental Licensed Markets & Corporate | 2,543,300) | 2,297,200) | 2,138,100) | 1,808,600) | 1,835,200) |
| Total | 25,493,700) | 23,182,600) | 23,222,900) | 19,207,800) | 21,076,500) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Operating income
McDonald’s Corp., operating income by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S. | 5,694,400) | 5,136,400) | 4,754,700) | 3,789,100) | 4,068,700) |
| International Operated Markets | 5,831,500) | 3,926,000) | 5,130,600) | 3,315,100) | 4,789,000) |
| International Developmental Licensed Markets & Corporate | 120,800) | 308,600) | 470,700) | 219,800) | 212,100) |
| Total | 11,646,700) | 9,371,000) | 10,356,000) | 7,324,000) | 9,069,800) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Assets
McDonald’s Corp., assets by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S. | 22,477,000) | 21,793,000) | 21,280,300) | 21,010,000) | 21,376,900) |
| International Operated Markets | 23,946,900) | 21,979,300) | 24,186,100) | 24,744,000) | 22,847,500) |
| International Developmental Licensed Markets & Corporate | 9,722,900) | 6,663,300) | 8,387,900) | 6,872,800) | 3,286,400) |
| Total | 56,146,800) | 50,435,600) | 53,854,300) | 52,626,800) | 47,510,800) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Capital expenditures
McDonald’s Corp., capital expenditures by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S. | 962,500) | 860,000) | 940,700) | 890,400) | 1,480,500) |
| International Operated Markets | 1,340,500) | 1,015,200) | 1,050,600) | 731,500) | 886,600) |
| International Developmental Licensed Markets & Corporate | 54,400) | 24,000) | 48,700) | 18,900) | 26,600) |
| Total | 2,357,400) | 1,899,200) | 2,040,000) | 1,640,800) | 2,393,700) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Depreciation and amortization
McDonald’s Corp., depreciation and amortization by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S. | 968,900) | 912,400) | 840,700) | 813,800) | 730,200) |
| International Operated Markets | 679,500) | 640,600) | 726,400) | 678,500) | 669,300) |
| International Developmental Licensed Markets & Corporate | 329,800) | 317,600) | 301,000) | 259,100) | 218,400) |
| Total | 1,978,200) | 1,870,600) | 1,868,100) | 1,751,400) | 1,617,900) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).