Consolidated Statement of Income In millions, except per share data REVENUES Sales by Company-operated restaurants Revenues from franchised restaurants Total revenues OPERATING COSTS AND EXPENSES Company-operated restaurant expenses Food & paper Payroll & employee benefits Occupancy & other operating expenses Franchised restaurants-occupancy expenses Selling, general & administrative expenses Other operating (income) expense, net Total operating costs and expenses Operating income Years ended December 31, 2014 Interest expense-net of capitalized interest of $14.7, $15.5 and $15.9 Nonoperating (income) expense, net Income before provision for income taxes Provision for income taxes Net income Earnings per common share-basic Earnings per common share-diluted Dividends declared per common share Weighted-average shares outstanding-basic Weighted-average shares outstanding-diluted See Notes to consolidated financial statements. $18,169.3 9,272.0 27,441.3 2013 $ 18,874.2 9,231.5 28,105.7 2012 $ 18,602.5 8,964.5 27,567.0 6,129.7 6,361.3 6,318.2 4,756.0 4,824.1 4,710.3 4,402.6 4,393.2 4,195.2 1,697.3 1,624.4 1,527.0 2,487.9 2,385.6 2,455.2 18.6 (247.2) (243.5) 19,492.1 19,341.4 18,962.4 7,949.2 8,764.3 8,604.6 570.5 521.9 516.6 6.7 37.9 9.0 7,372.0 8,204.5 8,079.0 2,614.2 2,618.6 2,614.2 $ 4,757.8 $ 5,585.9 $ 5,464.8 $ 4.85 $ 5.59 $ 5.41 $ 4.82 $ 5.55 $ 5.36 $ 3.28 $ 3.12 $ 2.87 980.5 998.4 1,010.1 986.3 1,006.0 1,020.2 ASSETS Current assets Cash and equivalents Accounts and notes receivable Inventories, at cost, not in excess of market Prepaid expenses and other current assets Total current assets Other assets Investments in and advances to affiliates Goodwill Miscellaneous Total other assets Property and equipment Property and equipment, at cost Accumulated depreciation and amortization Net property and equipment LIABILITIES AND SHAREHOLDERS' EQUITY Total assets Current liabilities Accounts payable Income taxes $ 2,077.9 1,214.4 110.0 $ 2,798.7 1,319.8 123.7 783.2 807.9 4,185.5 5,050.1 1,004.5 1,209.1 2,735.3 2,872.7 1,798.6 1,747.1 5,538.4 5,828.9 39,126.1 40,355.6 (14,568.6) 24,557.5 $34,281.4 (14,608.3) 25,747.3 $ 36,626.3 $ 860.1 166.8 $ 1,086.0 Other taxes Accrued interest Accrued payroll and other liabilities Total current liabilities Long-term debt Other long-term liabilities Deferred income taxes 215.5 330.0 383.1 233.7 221.6 1,157.3 1,263.8 2,747.9 3,170.0 14,989.7 14,129.8 2,065.9 1,669.1 1,624.5 1,647.7 Shareholders' equity 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 Additional paid-in capital - none 16.6 16.6 6,239.1 5,994.1 Retained earnings 43,294.5 41,751.2 Accumulated other comprehensive income (1,519.7) 427.6 Common stock in treasury, at cost; 697.7 and 670.2 million shares (35,177.1) Total shareholders' equity Total liabilities and shareholders' equity See Notes to consolidated financial statements. 12,853.4 $34,281.4 (32,179.8) 16,009.7 $ 36,626.3 1. Current ratio 2. Accounts receivable turnover 3. Days sales in accounts receivable 4. Inventory turnover 5. Days sales in inventory 6. Gross profit margin 7. Return on assets 8. Return on equity 9. Earnings per share (EPS) 10. Price/Earnings (P/E) ratio as of 12/31/14 11. Payout ratio