McDonald's Cash Flow Statement

MCD / Consumer Discretionary|15 years of annual SEC 10-K data (FY2011-FY2025)

Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.

McDonald's generated $10.6B in operating cash flow and $7.2B in free cash flow in FY2025. Free cash flow margin was 26.7% of revenue.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 1.08 (distress zone, below 1.8 threshold)
Strong profit margin: 32.0%
High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Net Income	$8.6B	$8.2B	$8.5B	$6.2B	$6.0B	$5.9B	$5.2B	$4.7B	$4.5B	$4.8B	$5.6B	$4.8B	$5.5B	$4.9B	$4.6B
Depreciation & Amortization	$457.0M	$447.0M	$382.0M	$370.0M	$262.5M	$214.8M	$1.4B	$1.5B	$1.6B	$1.6B	$1.6B	$1.6B	$1.4B	$1.3B	$1.2B
Operating Cash Flow	$10.6B	$9.4B	$9.6B	$7.4B	$8.1B	$7.0B	$5.6B	$6.1B	$6.5B	$6.7B	$7.1B	$6.7B	$7.2B	$6.3B	$5.8B
Capital Expenditures	$3.4B	$2.8B	$2.4B	$1.9B	$2.4B	$2.7B	$1.9B	$1.8B	$1.8B	$2.6B	$2.8B	$2.6B	$2.7B	$2.1B	$2.0B
Free Cash Flow	$7.2B	$6.7B	$7.3B	$5.5B	$5.7B	$4.2B	$3.7B	$4.2B	$4.7B	$4.1B	$4.3B	$4.1B	$4.4B	$4.2B	$3.8B
Share Buybacks	$2.1B	$2.8B	$3.1B	$3.9B	$5.0B	$5.2B	$4.7B	$11.2B	$6.1B	$3.2B	$1.8B	$3.2B	$3.4B	$2.7B	$2.8B
Dividends Paid	$5.1B	$4.9B	$4.5B	$4.2B	$3.6B	$3.3B	$3.1B	$3.1B	$3.2B	$3.2B	$3.1B	$3.2B	$2.6B	$2.4B	$2.2B
FCF Margin	26.7%	25.7%	28.5%	23.7%	26.8%	19.9%	16.2%	17.2%	18.6%	15.1%	15.3%	15.1%	16.4%	17.5%	16.7%

Other Financial Statements

Income Statement Balance Sheet All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

McDonald's Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Net Income

$8.6B

$8.2B

$8.5B

$6.2B

$6.0B

$5.9B

$5.2B

$4.7B

$4.5B

$4.8B

$5.6B

$4.8B

$5.5B

$4.9B

$4.6B

Depreciation & Amortization

$457.0M

$447.0M

$382.0M

$370.0M

$262.5M

$214.8M

$1.4B

$1.5B

$1.6B

$1.4B

$1.3B

$1.2B

Operating Cash Flow

$10.6B

$9.4B

$9.6B

$7.4B

$8.1B

$7.0B

$5.6B

$6.1B

$6.5B

$6.7B

$7.1B

$6.7B

$7.2B

$6.3B

$5.8B

Capital Expenditures

$3.4B

$2.8B

$2.4B

$1.9B

$2.4B

$2.7B

$1.9B

$1.8B

$2.6B

$2.8B

$2.6B

$2.7B

$2.1B

$2.0B

Free Cash Flow

$7.2B

$6.7B

$7.3B

$5.5B

$5.7B

$4.2B

$3.7B

$4.2B

$4.7B

$4.1B

$4.3B

$4.1B

$4.4B

$4.2B

$3.8B

Share Buybacks

$2.1B

$2.8B

$3.1B

$3.9B

$5.0B

$5.2B

$4.7B

$11.2B

$6.1B

$3.2B

$1.8B

$3.2B

$3.4B

$2.7B

$2.8B

Dividends Paid

$5.1B

$4.9B

$4.5B

$4.2B

$3.6B

$3.3B

$3.1B

$3.2B

$3.1B

$3.2B

$2.6B

$2.4B

$2.2B

FCF Margin

26.7%

25.7%

28.5%

23.7%

26.8%

19.9%

16.2%

17.2%

18.6%

15.1%

15.3%

15.1%

16.4%

17.5%

16.7%