Consolidated Statement of Comprehensive Income In millions Years ended December 31, 2019 2018 2017 $6,025.4 $5,924.3 $5,192.3 Net income (453.6) 827.7 127.5 46.8 109.3 174.3 (453.6) 937.0 46.5 Other comprehensive income (loss), net of tax Foreign currency translation adjustments: Gain (loss) recognized in accumulated other comprehensive income (AOCI), including net investment hedges Reclassification of (gain) loss to net income Foreign currency translation adjustments-net of tax benefit (expense) of $(55.4), $(90.7), and $453.1 Cash flow hedges: Gain (loss) recognized in AOCI Reclassification of (gain) loss to net income Cash flow hedges-net of tax benefit (expense) of $6.1, $(14.5), and $22.4 Defined benefit pension plans: Gain (loss) recognized in AOCI Reclassification of (gain) loss to net income Defined benefit pension plans-net of tax benefit (expense) of $5.2, $4.3, and $(3.9) Total other comprehensive income (loss), net of tax Comprehensive income 17.3 (37.7) (48.4) 2.4 9.0 (20.4) 48.9 (39.4) (24.5) (2.6). (27.0) 16.3 0.6 0.6 (27.1) 16.9 (26.4) (431.1) 126.8 914.5 $6,152.2 $5,493.2 $6,106.8 See Notes to consolidated financial statements. Consolidated Statement of Shareholders' Equity Accumulated other comprehensive income (loss) Common stock Additional issued paid-in Shares Amount capital 1,660.6 $ 16.6 $6,757.9 Cash Foreign Retained flow currency earnings Pensions hedges translation $46,222.7 $ (207.1) $ 22.9 $(2,908.7) 5,192.3 Common stock in Total treasury shareholders' Shares Amount equity (841.3) $(52, 108.6) $ (2,204.3) 5,192.3 ... 16.9 (39.4) 937.0 914.5 6,106.8 (3,089.2) (31.4) (4,650.5) 117.5 197.0 7,072.4 (3,089.2) (4,650.5) 117.5 451.7 (3,268.0) 5,924.3 6.2 (866.5) 254.7 (56,504.4) 1,660.6 16.6 (190.2) (16.5) (1,971.7) 48,325.8 5,924.3 (26.4) 48.9 (453.6) (431.1) 5,493.2 (450.2) (1) (450.2) In millions, except per share data Balance at December 31, 2016 Net income Other comprehensive income (loss), net of tax Comprehensive income Common stock cash dividends ($3.83 per share) Treasury stock purchases Share-based compensation Stock option exercises and other Balance at December 31, 2017 Net income Other comprehensive income (loss), net of tax Comprehensive income Adoption of ASC 606 (2) Adoption of ASU 2016-16 Common stock cash dividends ($4.19 per share) Treasury stock purchases Share-based compensation Stock option exercises and other Balance at December 31, 2018 Net income Other comprehensive income (loss), net of tax Comprehensive income Common stock cash dividends ($4.73 per share) Treasury stock purchases Share-based compensation Stock option exercises and other Balance at December 31, 2019 (57.0) (57.0) (3,255.9) (32.2) (5,247.5) 125.1 178.5 7,376.0 (3,255.9) (5,247.5) 125.1 401.9 (6,258.4) 6,025.4 5.2 (893.5) 223.4 (61,528.5) 1,660.6 16.6 (216.6) 32.4 50,487.0 6,025.4 (2,425.3) (27.1) (20.4) 174.3 126.8 6,152.2 (3,581.9) (25.0) (4,980.5) 109.6 168.3 $7,653.9 (3,581.9) (4,980.5) 109.6 348.7 (8,210.3) 4.2 180.4 (914.3) $ (66,328.6) $ 1,660.6 $ 16.6 $52,930.5 $ (243.7) $ 12.0 $(2,251.0) Consolidated Statement of Cash Flows In millions Years ended December 31, 2019 2018 2017 Operating activities Net income $ 6,025.4 $ 5,924.3 $ 5,192.3 Adjustments to reconcile to cash provided by operations Charges and credits: Depreciation and amortization 1,617.9 1,482.0 1,363.4 Deferred income taxes 149.7 102.6 (36.4) Share-based compensation 109.6 125.1 117.5 Net gain on sale of restaurant businesses (128.2) (308.8) (1,155.8) Other 49.2 114.2 1,050.7 Changes in working capital items: Accounts receivable 27.0 (479.4) (340.7) Inventories, prepaid expenses and other current assets 128.8 (1.9) (37.3) Accounts payable (26.8) 129.4 (59.7) Income taxes 173.4 (33.4) (396.4) Other accrued liabilities (3.9) (87.4). (146.4). Cash provided by operations 8,122.1 6,966.7 5,551.2 Investing activities Capital expenditures (2,393.7) (2,741.7) (1,853.7) Purchases of restaurant and other businesses (540.9) (101.7) (77.0) Sales of restaurant businesses 340.8 530.8 974.8 Proceeds from sale of businesses in China and Hong Kong 1,597.0 Sales of property 151.2 160.4 166.8 Other (628.5) (302.9). (245.9). Cash provided by (used for) investing activities (3,071.1) (2,455.1) 562.0 Financing activities Net short-term borrowings 799.2 95.9 (1,050.3) Long-term financing issuances 4,499.0 3,794.5 4,727.5 Long-term financing repayments (2,061.9) (1,759.6) (1,649.4) Treasury stock purchases (4,976.2) (5,207.7) (4,685.7) Common stock dividends (3,581.9) (3,255.9) (3,089.2) Proceeds from stock option exercises 350.5 403.2 456.8 Other (23.5) (20.0). Cash (used for) financing activities (4,994.8) (5,949.6). (5,310.8). Effect of exchange rates on cash and equivalents (23.7) (159.8). 264.0 Cash and equivalents increase (decrease). 32.5 (1,597.8). 1,066.4 Change in cash balances of businesses held for sale 174.0 Cash and equivalents at beginning of year 866.0 2,463.8 1,223.4 Cash and equivalents at end of year $ 898.5 $ 866.0 $ 2,463.8 Supplemental cash flow disclosures Interest paid $ 1,066.5 $ 959.6 $ 885.2 Income taxes paid 1,589.7 1,734.4 2,786.3 (20.5). Consolidated Balance Sheet 2018 $ 866.0 2,441.5 51.1 694.6 4,053.2 1,202.8 2,331.5 2,381.0 5,915.3 37,193.6 (14,350.9). 22,842.7 $ 32,811.2 In millions, except per share data December 31, 2019 ASSETS Current assets Cash and equivalents 898.5 Accounts and notes receivable 2,224.2 Inventories, at cost, not in excess of market 50.2 Prepaid expenses and other current assets 385.0 Total current assets 3,557.9 Other assets Investments in and advances to affiliates 1,270.3 Goodwill 2,677.4 Miscellaneous 2,584.0 Total other assets 6,531.7 Lease right-of-use asset, net 13,261.2 Property and equipment Property and equipment, at cost 39,050.9 Accumulated depreciation and amortization (14,890.9) Net property and equipment 24,160.0 Total assets $ 47,510.8 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable 988.2 Lease liability 621.0 Income taxes 331.7 Other taxes 247.5 Accrued interest 337.8 Accrued payroll and other liabilities 1,035.7 Current maturities of long-term debt 59.1 Total current liabilities 3,621.0 Long-term debt 34,118.1 Long-term lease liability 12,757.8 Long-term income taxes 2,265.9 Deferred revenues - initial franchise fees 660.6 Other long-term liabilities 979.6 Deferred income taxes 1,318.1 Shareholders' equity (deficit) Preferred stock, no par value; authorized 165.0 million shares; issued Common stock, $.01 par value; authorized 3.5 billion shares; issued 1,660.6 million shares 16.6 Additional paid-in capital 7,653.9 Retained earnings 52,930.5 Accumulated other comprehensive income (loss) (2,482.7) Common stock in treasury, at cost; 914.3 and 893.5 million shares (66,328.6) Total shareholders' equity (deficit). (8,210.3) Total liabilities and shareholders' equity (deficit) $ 47,510.8 $ 1,207.9 228.3 253.7 297.0 986.6 2,973.5 31,075.3 2,081.2 627.8 1,096.3 1,215.5 - none 16.6 7,376.0 50,487.0 (2,609.5) (61,528.5) (6,258.4) $ 32,811.2 McDonald's: Using 2017 as the base year, prepare a Percentage Trend Analysis for Total Revenues. What was the increase/decrease in dollars and percentage, from the 2017 base year, for 2018 and 2019? Use - sign for negative amount, as needed. Use commas and decimal, as needed. Round to whole percentage. 2017 to 2018: % 2017 to 2019: % McDonald's: Compute the Profit Margin Ratio for 2019 and 2018. Round to whole percentage. 2019: % 2018: %