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Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions 12 Months Ended Dec. 31, 2017 Dec. 31, 2016 Dec. 31, 2015
Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
REVENUES | |||
Sales by Company-operated restaurants | $ 12,718.9 | $ 15,295 | $ 16,488.3 |
Revenues from franchised restaurants | 10,101.5 | 9,326.9 | 8,924.7 |
Total revenues | 22,820.4 | 24,621.9 | 25,413 |
OPERATING COSTS AND EXPENSES | |||
Food & paper | 4,033.5 | 4,896.9 | 5,552.2 |
Payroll & employee benefits | 3,528.5 | 4,134.2 | 4,400 |
Occupancy & other operating expenses | 2,847.6 | 3,667.7 | 4,024.7 |
Franchised restaurants-occupancy expenses | 1,790 | 1,718.4 | 1,646.9 |
Selling, general & administrative expenses | 2,231.3 | 2,384.5 | 2,434.3 |
Other operating (income) expense, net | (1,163.2) | 75.7 | 209.4 |
Total operating costs and expenses | 13,267.7 | 16,877.4 | 18,267.5 |
Operating income | 9,552.7 | 7,744.5 | 7,145.5 |
Interest expense-net of capitalized interest of $5.3, $7.1 and $9.4 | 921.3 | 884.8 | 638.3 |
Nonoperating (income) expense, net | 57.9 | (6.3) | (48.5) |
Income before provision for income taxes | 8,573.5 | 6,866 | 6,555.7 |
Provision for income taxes | 3,381.2 | 2,179.5 | 2,026.4 |
Net income | $ 5,192.3 | $ 4,686.5 | $ 4,529.3 |
Earnings per common sharebasic | $ 6.43 | $ 5.49 | $ 4.82 |
Earnings per common sharediluted | 6.37 | 5.44 | 4.80 |
Dividends declared per common share | $ 3.83 | $ 3.61 | $ 3.44 |
Weighted-average shares outstandingbasic | 807.4 | 854.4 | 939.4 |
Weighted-average shares outstandingdiluted | 815.5 | 861.2 | 944.6 |
Calculate the following ratios: ROE, ROA, RNOA, Turnover ratios for Cash, A/R, Inventory, and A/P Current Ratio, Quick Ratio, Debt to Equity Ratio and Z-score
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