McDonalds 2011 Annual Report Download - page 9

6-Year Summary
Dollars in millions, except per share data 2011 2010 2009 2008 2007 2006
Company-operated sales $18,293 16,233 15,459 16,561 16,611 15,402
Franchised revenues $ 8,713 7,842 7,286 6,961 6,176 5,493
Total revenues $27,006 24,075 22,745 23,522 22,787 20,895
Operating income $ 8,530 7,473 6,841(1) 6,443 3,879(4) 4,433(7)
Income from continuing operations $ 5,503 4,946 4,551(1,2) 4,313(3) 2,335(4,5) 2,866(7)
Net income $ 5,503 4,946 4,551(1,2) 4,313(3) 2,395(4,5,6) 3,544(7,8)
Cash provided by operations $ 7,150 6,342 5,751 5,917 4,876 4,341
Cash used for investing activities $ 2,571 2,056 1,655 1,625 1,150 1,274
Capital expenditures $ 2,730 2,135 1,952 2,136 1,947 1,742
Cash used for financing activities $ 4,533 3,729 4,421 4,115 3,996 5,460
Treasury stock repurchased(9) $ 3,373 2,648 2,854 3,981 3,949 3,719
Common stock cash dividends $ 2,610 2,408 2,235 1,823 1,766 1,217
Financial position at year end:
Total assets $32,990 31,975 30,225 28,462 29,392 28,974
Total debt $12,500 11,505 10,578 10,218 9,301 8,408
Total shareholders’ equity $14,390 14,634 14,034 13,383 15,280 15,458
Shares outstanding in millions 1,021 1,054 1,077 1,115 1,165 1,204
Per common share:
Income from continuing operations-diluted $ 5.27 4.58 4.11(1,2) 3.76(3) 1.93(4,5) 2.29(7)
Earnings-diluted $ 5.27 4.58 4.11(1,2) 3.76(3) 1.98(4,5,6) 2.83(7,8)
Dividends declared $ 2.53 2.26 2.05 1.63 1.50 1.00
Market price at year end $100.33 76.76 62.44 62.19 58.91 44.33
Company-operated restaurants 6,435 6,399 6,262 6,502 6,906 8,166
Franchised restaurants 27,075 26,338 26,216 25,465 24,471 22,880
Total Systemwide restaurants 33,510 32,737 32,478 31,967 31,377 31,046
Franchised sales(10) $67,648 61,147 56,928 54,132 46,943 41,380
(1) Includes pretax income due to Impairment and other charges (credits), net of $61.1 million ($91.4 million after tax or $0.08 per share) primarily related to the resolution of certain
liabilities retained in connection with the 2007 Latin America developmental license transaction.
(2) Includes income of $58.8 million ($0.05 per share) in Gain on sale of investment related to the sale of the Company’s minority ownership interest in Redbox Automated Retail, LLC.
(3) Includes income of $109.0 million ($0.09 per share) in Gain on sale of investment from the sale of the Company’s minority ownership interest in U.K.- based Pret A Manger.
(4) Includes pretax operating charges of $1.7 billion ($1.32 per share) due to Impairment and other charges (credits), net primarily as a result of the Company’s sale of its businesses in 18
Latin American and Caribbean markets to a developmental licensee.
(5) Includes a tax benefit of $316.4 million ($0.26 per share) resulting from the completion of an Internal Revenue Service (IRS) examination of the Company’s 2003-2004 U.S. federal
tax returns.
(6) Includes income of $60.1 million ($0.05 per share) related to discontinued operations primarily from the sale of the Company’s investment in Boston Market.
(7) Includes pretax operating charges of $134 million ($98 million after tax or $0.08 per share) due to Impairment and other charges (credits), net.
(8) Includes income of $678 million ($0.54 per share) related to discontinued operations primarily resulting from the disposal of the Company's investment in Chipotle.
(9) Represents treasury stock purchases as reflected in Shareholders' equity.
(10) While franchised sales are not recorded as revenues by the Company, management believes they are important in understanding the Company's financial performance because these
sales are the basis on which the Company calculates and records franchised revenues and are indicative of the financial health of the franchisee base.
McDonald’s Corporation Annual Report 2011 7