McDONALD’S CORPORATION (MCD) FY2025 YTD Q3 Statement of Cash Flows
2025-01-01 to 2025-09-30
Statement of Cash Flows
2025-01-01 to 2025-09-30
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Chart details
McDONALD’S CORPORATION cash flow reconciliation, Jan 1, 2025 through Sep 30, 2025
Cash flows for Jan 1, 2025 through Sep 30, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Sep 30, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2024
- 1,085,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 7,854,000,000 US dollars. Net cash provided.
- Net income
- 6,399,000,000 US dollars
- Depreciation and amortization
- 1,623,000,000 US dollars
- Deferred income taxes
- negative 49,000,000 US dollars
- Share-based compensation
- 128,000,000 US dollars
- Other
- negative 197,000,000 US dollars
- Changes in working capital items
- negative 50,000,000 US dollars
- Investing activities
- negative 2,753,000,000 US dollars. Net cash used.
- Other
- negative 430,000,000 US dollars
- Purchases of restaurant businesses
- negative 240,000,000 US dollars
- Payments to Acquire Equity Method Investments
- 0 US dollars
- Sales of restaurant businesses
- 185,000,000 US dollars
- Capital expenditures
- negative 2,306,000,000 US dollars
- Sales of property
- 38,000,000 US dollars
- Financing activities
- negative 3,884,000,000 US dollars. Net cash used.
- Net short-term borrowings
- negative 794,000,000 US dollars
- Long-term financing issuances
- 4,734,000,000 US dollars
- Long-term financing repayments
- negative 2,644,000,000 US dollars
- Treasury stock purchases
- negative 1,483,000,000 US dollars
- Common stock dividends
- negative 3,792,000,000 US dollars
- Proceeds from stock option exercises
- 216,000,000 US dollars
- Other
- negative 121,000,000 US dollars
- Operating adjustment reconciliation
- 1,751,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 8,834,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 2,976,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 110,000,000 US dollars
- Difference in the filed cash totals (calculated)
- 1,000,000 US dollars. Into cash; drawn as the small gray flow above beginning cash.
- Ending cash on Sep 30, 2025
- 2,413,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 9,050,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 1,328,000,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.23×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 7,854,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 2,306,000,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 5,548,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.46B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- The filer's reported cash figures differ by $1.00 M: its operating, investing and financing totals and exchange-rate effect do not add up to its reported net change in cash. The chart shows the difference as its own calculated flow; no reported amount has been adjusted.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 7,854,000,000 US dollars minus 2,306,000,000 US dollars equals 5,548,000,000 US dollars.
- The filer's reported cash figures differ by $1.00 M: its operating, investing and financing totals and exchange-rate effect do not add up to its reported net change in cash. The chart shows the difference as its own calculated flow; no reported amount has been adjusted.
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