McDonald's FOOD CHAIN
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EXHIBIT I
McDonald's - FINANCIAL PERFORMANCE SUMMARY
 | | | |
Dollars in Millions |
2001 |
2000 |
1999 |
1998 |
1997 |
1996 |
1995 |
1994 |
1993 |
1992 |
1991 |
Franchised Sales |
$24,838 |
24,463 |
23,830 |
22,330 |
20,863 |
19,969 |
19,123 |
17,146 |
15,756 |
14,474 |
12,959 |
Company-operated Sales |
$11,040 |
10,467 |
9,512 |
8,895 |
8,136 |
7,571 |
6,863 |
5,793 |
5,157 |
5,103 |
4,908 |
Affiliated Sales |
$4,752 |
5,251 |
5,149 |
4,754 |
4,639 |
4,272 |
3,928 |
3,048 |
2,674 |
2,308 |
2,061 |
Total System Wide Sales |
$40,630 |
40,181 |
38,491 |
35,979 |
33,638 |
31,812 |
29,914 |
25,987 |
23,587 |
21,885 |
19,928 |
Total Revenues |
$14,870 |
14,243 |
13,259 |
12,421 |
11,409 |
10,687 |
9,795 |
8,321 |
7,408 |
7,133 |
6,695 |
Operating Income |
$2,697 |
3,330 |
3,320 |
2,762 |
2,808 |
2,633 |
2,601 |
2,241 |
1,984 |
1,862 |
1,679 |
Income before Taxes |
$2,230 |
2,882 |
2,884 |
2,307 |
2,407 |
2,251 |
2,169 |
1,887 |
1,676 |
1,448 |
1,299 |
Net Income |
$1,637 |
1,977 |
1,948 |
1,550 |
1,642 |
1,573 |
1,427 |
1,223 |
1,083 |
959 |
860 |
Cash provided by operations |
$2,688 |
2,751 |
3,009 |
2,766 |
2,442 |
2,461 |
2,296 |
1,926 |
1,680 |
1,426 |
1,423 |
Capital Expenditures |
$1,906 |
1,945 |
1,868 |
1,879 |
2,111 |
2,375 |
2,064 |
1,539 |
1,317 |
1,087 |
1,129 |
Free Cash Flow |
$782 |
806 |
1,141 |
887 |
331 |
86 |
232 |
387 |
363 |
339 |
294 |
Treasury Stock Purchases |
$1,090 |
2,002 |
933 |
1,162 |
765 |
605 |
321 |
500 |
628 |
92 |
117 |
Financial Position at year end |
Total assets |
$22,535 |
21,684 |
20,983 |
19,784 |
18,242 |
17,386 |
15,415 |
13,592 |
12,035 |
11,681 |
11,349 |
Total debt |
$8,918 |
8,474 |
7,252 |
7,043 |
6,463 |
5,523 |
4,836 |
4,351 |
3,713 |
3,857 |
4,615 |
Total shareholders'equity |
$9,488 |
9,204 |
9,609 |
9,465 |
8,852 |
8,718 |
7,861 |
6,885 |
6,274 |
5,892 |
4,835 |
Shares outstanding (in millions) |
1,280.70 |
1,304.90 |
1,350.80 |
1,356.20 |
1,371.40 |
1,389.20 |
1,399.50 |
1,387.40 |
1,414.70 |
1,454.10 |
1,434.50 |
Per Common Share |
Net Income |
$1.27 |
1.49 |
1.44 |
1.14 |
1.17 |
1.11 |
0.99 |
0.84 |
0.73 |
0.65 |
0.59 |
Net-Income Diluted |
$1.25 |
1.46 |
1.39 |
1.1 |
1.15 |
1.08 |
0.97 |
0.82 |
0.71 |
0.63 |
0.57 |
Dividend Declared |
$0.23 |
0.22 |
0.2 |
0.18 |
0.16 |
0.15 |
0.13 |
0.12 |
0.11 |
0.1 |
0.19 |
Market price at year end |
$26.47 |
34 |
40.31 |
38.41 |
23.88 |
22.69 |
22.56 |
14.63 |
14.25 |
12.19 |
9.5 |
Franchised Restaurants |
17,395 |
16,795 |
15,949 |
15,086 |
14,197 |
13,374 |
12,186 |
10,944 |
9,918 |
9,237 |
8,735 |
Company-operated Restaurants |
8,378 |
7,652 |
6,059 |
5,433 |
4,887 |
4,294 |
3,783 |
3,216 |
2,733 |
2,551 |
2,547 |
Affiliated Restaurants |
4,320 |
4,260 |
4,301 |
3,994 |
3,844 |
3,216 |
2,230 |
1,739 |
1,476 |
1,305 |
1,136 |
Total Systemwide Restaurants |
30,093 |
28,707 |
26,309 |
24,513 |
22,928 |
20,884 |
18,299 |
15,899 |
14,127 |
13,093 |
12,418 |
Source:
www.mcdonalds.com
• Includes $378 million of pretax special operating charges primarily
related to business reorganization in the US and other global change
initiatives, and the closing of 163 under performing restaurants in
international markets.
• Includes the $378 million of pretax special operating charges noted
above and $125 million of net pretax special nonoperating income items
primarily related to a gain on the initial public offering of McDonald's
Japan, for a net pretax expense of $253 million ($143 million after tax
or $0.11 per share). Net income also reflects an effective tax rate of
29.8 percent, primarily due to the one-time benefit of tax law changes
in certain international markets ($147 million).
• Includes $162 million of Made For You costs and the $160 million
special charge related to the home office productivity initiative for a
pretax total of $322 million ($219 million after tax or $0.16 per
share).
EXHIBIT II - McDonald's IN MEXICO
EXHIBIT III - McDonald's IN MOSCOW
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