Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the return on revenue for 2016? What is the Receivables Turnover for 2016? In millions, except per share data 2016 2015 2014 REVENUES
What is the return on revenue for 2016?
What is the Receivables Turnover for 2016?
In millions, except per share data | 2016 | 2015 | 2014 |
REVENUES | |||
Sales by Company-operated restaurants | $15,295.00 | $16,488.30 | $18,169.30 |
Revenues from franchised restaurants | 9,326.90 | 8,924.70 | 9,272.00 |
Total revenues | 24,621.90 | 25,413.00 | 27,441.30 |
OPERATING COSTS AND EXPENSES | |||
Company-operated restaurant expenses | |||
Food & paper | 4,896.90 | 5,552.20 | 6,129.70 |
Payroll & employee benefits | 4,134.20 | 4,400.00 | 4,756.00 |
Occupancy & other operating expenses | 3,667.70 | 4,024.70 | 4,402.60 |
Franchised restaurants-occupancy expenses | 1,718.40 | 1,646.90 | 1,697.30 |
Selling, general & administrative expenses | 2,384.50 | 2,434.30 | 2,487.90 |
Other operating (income) expense, net | 75.70 | 209.40 | 18.60 |
Total operating costs and expenses | 16,877.40 | 18,267.50 | 19,492.10 |
Operating income | 7,744.50 | 7,145.50 | 7,949.20 |
Interest expense-net of capitalized interest of $7.1, $9.4 | |||
and $14.7 | 884.80 | 638.30 | 576.40 |
Nonoperating (income) expense, net | (6.30) | (48.50) | 0.80 |
Income before provision for income taxes | 6,866.00 | 6,555.70 | 7,372.00 |
Provision for income taxes | 2,179.50 | 2,026.40 | 2,614.20 |
Net income | $4,686.50 | $4,529.30 | $4,757.80 |
Earnings per common share-basic | $5.49 | $4.82 | $4.85 |
Earnings per common share-diluted | $5.44 | $4.80 | $4.82 |
Dividends declared per common share | $3.61 | $3.44 | $3.28 |
Weighted-average shares outstanding-basic | 854.40 | 939.40 | 980.50 |
Weighted-average shares outstanding-diluted | 861.20 | 944.60 | 986.30 |
Consolidated Balance Sheet | |||
In millions, except per share data | 12/31/16 | 12/31/15 | |
ASSETS | |||
Current assets | |||
Cash and equivalents | $1,223.40 | $7,685.50 | |
Accounts and notes receivable | 1,474.10 | 1,298.70 | |
Inventories, at cost, not in excess of market | 58.90 | 100.10 | |
Prepaid expenses and other current assets | 565.20 | 558.70 | |
Assets of businesses held for sale | 1,527.00 | - | |
Total current assets | 4,848.60 | 9,643.00 | |
Other assets | |||
Investments in and advances to affiliates | 725.90 | 792.70 | |
Goodwill | 2,336.50 | 2,516.30 | |
Miscellaneous | 1,855.30 | 1,869.10 | |
Total other assets | 4,917.70 | 5,178.10 | |
Property and equipment | |||
Property and equipment, at cost | 34,443.40 | 37,692.40 | |
Accumulated depreciation and amortization | (13,185.80) | (14,574.80) | |
Net property and equipment | 21,257.60 | 23,117.60 | |
Total assets | $31,023.90 | $37,938.70 | |
LIABILITIES AND SHAREHOLDERS' EQUITY | |||
Current liabilities | |||
Accounts payable | $756.00 | $874.70 | |
Income taxes | 267.20 | 154.80 | |
Other taxes | 266.30 | 309.00 | |
Accrued interest | 247.50 | 233.10 | |
Accrued payroll and other liabilities | 1,159.30 | 1,378.80 | |
Current maturities of long-term debt | 77.20 | - | |
Liabilities of businesses held for sale | 694.80 | - | |
Total current liabilities | 3,468.30 | 2,950.40 | |
Long-term debt | 25,878.50 | 24,122.10 | |
Other long-term liabilities | 2,064.30 | 2,074.00 | |
Deferred income taxes | 1,817.10 | 1,704.30 | |
Shareholders' equity (deficit) | |||
Preferred stock, no par value; authorized - 165.0 million shares; | |||
issued - none | - | - | |
Common stock, $.01 par value; authorized - 3.5 billion shares; | |||
issued - 1,660.6 million shares | 16.60 | 16.60 | |
Additional paid-in capital | 6,757.90 | 6,533.40 | |
Retained earnings | 46,222.70 | 44,594.50 | |
Accumulated other comprehensive income | (3,092.90) | (2,879.80) | |
Common stock in treasury, at cost; 841.3 and 753.8 million | shares | (52,108.60) | (41,176.80) |
Total shareholders' equity (deficit) | (2,204.30) | 7,087.90 | |
Total liabilities and shareholders' equity (deficit) | $31,023.90 | $37,938.70 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started