Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the attached excerpts from McDonalds 2013 Annual Report answer the following questions. In addition: All numbers in McDonalds 2013 Financial Statements are in $

  1. Using the attached excerpts from McDonalds 2013 Annual Report answer the following questions. In addition:
  • All numbers in McDonalds 2013 Financial Statements are in $ millions.
  • Provide calculations when necessary.

a. Shares Issued and Outstanding

  1. How many shares of common stock were authorized at fiscal year-end 2013? How many had been issued as of fiscal year-end 2013?
  2. How many shares of preferred stock were authorized at fiscal year-end 2013? How many had been issued as of fiscal year-end 2013?
  3. McDonalds also has repurchased some of its own shares of stock that had been previously issued (i.e. Treasury Stock). How many shares did McDonalds hold as treasury stock at the end of 2013?
  4. How many total shares were outstanding at fiscal year-end 2013?

image text in transcribedimage text in transcribedimage text in transcribed

Consolidated Statement of Income 2012 2011 $ 18,602.5 8,964. 5 27,567.0 $ 18,292.8 8 ,713.2 27,006.0 In millions, except per share data Years ended December 31, 2013 REVENUES Sales by Company-operated restaurants $ 18,874.2 Revenues from franchised restaurants 9,231.5 Total revenues 28,105.7 OPERATING COSTS AND EXPENSES Company-operated restaurant expenses Food & paper 6,361.3 Payroll & employee benefits 4,824.1 Occupancy & other operating expenses 4,393.2 Franchised restaurants-occupancy expenses 1,624.4 Selling, general & administrative expenses 2,385.6 Other operating (income) expense, net (247.2) Total operating costs and expenses 19,341.4 Operating income 8,764.3 Interest expense-net of capitalized interest of $15.5, $15.9 and $14.0 521.9 Nonoperating (income) expense, net 37.9 Income before provision for income taxes 8,204.5 Provision for income taxes 2,618.6 Net income $ 5,585.9 Earnings per common share-basic $ 5.59 Earnings per common share-diluted $ 5.55 Dividends declared per common share $ 3.12 Weighted average shares outstanding-basic 998.4 Weighted average shares outstanding-diluted 1,006.0 See Notes to consolidated financial statements. 6,318.2 6,167.2 4,710.3 4,606.3 4,195.2 4,064.4 1,527.0 1,481.5 2,455.2 2,393.7 (243.5)... (236.8). 18,962.4 18,476.3 8,604.6 8,529.7 516.6 492.8 9.0 24.7 8,079.0 8,012.2 2,614.2 2,509.1 $ 5.464.8 $ 5,503.1 $ 5.41 $ 5.33 $ 5.36 $ 5.27 $ 2.87 $ 2.53 1.010.1 1,032.1 1,020.2 1,044.9 Consolidated Statement of Shareholders' Equity Accumulated other comprehensive income (loss) Common stock Additional issued paid-in Shares Amount capital 1,660.6 $16.6 $5,196.4 Foreign Retained Cash flow currency earnings Pensions hedges translation $33,811.7 $(124.6) $15.0 $862.5 5,503.1 Common stock in Total treasury shareholders' Shares Amount equity (607.0) $ (25,143.4) $14,634.2 5,503.1 (7.7) (10.4) (285.1) (303.2) 5,199.9 (2,609.7) .................. 86.2 204.7 5,487.3 1,660.6 16.6 In millions, except per share data Balance at December 31, 2010 Net income Other comprehensive income (loss), .....net of tax Comprehensive income Common stock cash dividends .($2.53 per share). Treasury stock purchases Share-based compensation Stock option exercises and other ......(including tax benefits of $116.7). Balance at December 31, 2011 Net income Other comprehensive income (loss), ......net of tax . Comprehensive income Common stock cash dividends ($2.87 per share) Treasury stock purchases Share-based compensation Stock option exercises and other ....(including tax benefits of $150.8). Balance at December 31, 2012 Net income Other comprehensive income (loss), .......net of tax .....Comprehensive income Common stock cash dividends ...($3.12 per share).... Treasury stock purchases Share-based compensation Stock option exercises and other ......Sincluding tax benefits of $93.6) Balance at December 31, 2013 - 2.4 36,707.5 (132.3) 5,464.8 41.5 ................. ......... (2,896.6) ... 93.4 198.2 5.778.9 .............. (2,609.7) ....................(41.9)........(3,372.9)....... (3,372.9) 86.2 9.7 245.4 452.5 4.6 577.4 (639.2) (28,270.9) 14,390.2 5,464.8 30.6 274.6 346.7 . ... ....... .... 5,811.5. (2,896.6) ..........................(28. (28.1) (2,605.4) (2,605.4) 93.4 9.4 300.0 500.5 35.2 852.0 (657.9) (30,576.3) 15.293.6 5,585.9 (37.5) (279.4) (368.8) 5,217.1. (3,114.6) ..................(18.7) ......(1,810.5) (1,810.5) 89.1 6.4 207.0 335.0 $ (2.3) $572.6 (670.2) $(32,179.8) $16,009.7 1,660.6 16.6 2.3 39.278.0 5,585.9 (90.8) ........ (51.9) (3,114.6)_ 89.1 126.1 $5,994.1 1.9 $41,751.2 1,660.6 $16.6 $(142.7) See Notes to consolidated financial statements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: Timothy J Louwers, Robert J. Ramsay, David Sinason, Jerry R Strawser

1st Edition

0072954442, 9780072954449

More Books

Students also viewed these Accounting questions

Question

6. Explain what causes unsafe acts.

Answered: 1 week ago