/THIRD ADD -- CGTU049 -- McDonald's Corporation/
PRNewswire
Jul 25, 2000
MCDONALD'S CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF INCOME
Dollars and shares in millions, except per common share data
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Inc/(Dec)
Six months ended June 30, 2000 1999 $ %
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SYSTEMWIDE SALES $19,744.3 $18,743.2 1,001.1 5
Revenues
Sales by Company-operated
restaurants 5,021.9 4,613.2 408.7 9
Revenues from franchised
and affiliated restaurants 1,882.5 1,829.0 53.5 3
TOTAL REVENUES 6,904.4 6,442.2 462.2 7
Operating costs and expenses
Company-operated
restaurants 4,180.1 3,803.2 376.9 10
Franchised restaurants
--occupancy costs 388.4 359.2 29.2 8
Selling, general &
administrative expenses 771.0 705.4 65.6 9
Other operating (income)
expense (80.0) (20.7) (59.3) n/m
Total operating costs
and expenses 5,259.5 4,847.1 412.4 9
OPERATING INCOME 1,644.9 1,595.1 49.8 3
Interest expense 206.6 202.7 3.9 2
Nonoperating (income)
expense 2.6 18.9 (16.3) n/m
Income before provision
for income taxes 1,435.7 1,373.5 62.2 5
Provision for
income taxes 458.9 452.7 6.2 1
NET INCOME $ 976.8 $ 920.8 56.0 6
NET INCOME PER
COMMON SHARE $ 0.73 $ 0.68 0.05 7
NET INCOME PER
COMMON SHARE-DILUTED $ 0.71 $ 0.65 0.06 9
Weighted average
common shares outstanding 1,335.3 1,356.4
Weighted average
common shares outstanding
-diluted 1,374.2 1,407.1
n/m Not meaningful
MCDONALD'S CORPORATION SYSTEMWIDE SALES
Dollars in millions
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% Inc/(Dec)
Quarters ended June 30, 2000 1999 As Constant
Reported Currency*
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US
Operated by franchisees $ 4,071.0 $4,044.8 1
Operated by the Company 798.3 807.0 (1)
Operated by affiliates 323.2 318.1 2
5,192.5 5,169.9 - n/a
Europe
Operated by franchisees 1,278.1 1,289.2 (1)
Operated by the Company 932.9 975.8 (4)
Operated by affiliates 115.8 122.3 (5)
2,326.8 2,387.3 (3) 7
Asia/Pacific
Operated by franchisees 442.0 426.1 4
Operated by the Company 424.4 393.7 8
Operated by affiliates 829.9 682.5 22
1,696.3 1,502.3 13 7
Latin America
Operated by franchisees 224.5 197.6 14
Operated by the Company 179.7 121.0 49
Operated by affiliates 25.3 83.5 (70)
429.5 402.1 7 10
Other**
Operated by franchisees 335.6 300.9 12
Operated by the Company 246.7 136.6 81
Operated by affiliates 10.2 21.3 (52)
592.5 458.8 29 30
Systemwide
Operated by franchisees 6,351.2 6,258.6 1
Operated by the Company 2,582.0 2,434.1 6
Operated by affiliates 1,304.4 1,227.7 6
$10,237.6 $9,920.4 3 5
* Excluding the effect of foreign currency translation on reported
results.
** The Other segment includes $111.8 million of sales in 2000 and
$5.7 million in 1999 related to Other Brands.
MCDONALD'S CORPORATION SYSTEMWIDE SALES
Dollars in millions
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% Inc/(Dec)
Six months ended June 30, 2000 1999 As Constant
Reported Currency*
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US
Operated by franchisees $ 7,597.0 $ 7,391.3 3
Operated by the Company 1,500.2 1,475.2 2
Operated by affiliates 600.3 586.6 2
9,697.5 9,453.1 3 n/a
Europe
Operated by franchisees 2,547.4 2,521.7 1
Operated by the Company 1,850.4 1,887.4 (2)
Operated by affiliates 234.7 240.0 (2)
4,632.5 4,649.1 - 10
Asia/Pacific
Operated by franchisees 907.3 850.7 7
Operated by the Company 895.6 763.6 17
Operated by affiliates 1,679.0 1,399.3 20
3,481.9 3,013.6 16 10
Latin America
Operated by franchisees 449.1 388.9 15
Operated by the Company 358.5 240.4 49
Operated by affiliates 56.0 166.4 (66)
863.6 795.7 9 11
Other**
Operated by franchisees 629.1 545.9 15
Operated by the Company 417.2 246.6 69
Operated by affiliates 22.5 39.2 (43)
1,068.8 831.7 29 28
Systemwide
Operated by franchisees 12,129.9 11,698.5 4
Operated by the Company 5,021.9 4,613.2 9
Operated by affiliates 2,592.5 2,431.5 7
$19,744.3 $18,743.2 5 7
* Excluding the effect of foreign currency translation on reported
results.
** The Other segment includes $159.2 million of sales in 2000 and
$9.9 million in 1999 related to Other Brands.
PRNewswire -- July 25
FOURTH AND FINAL ADD -- TABULAR MATERIAL -- TO FOLLOW
SOURCE: McDonald's Corporation