- McJobs and Workers -

Mcdonald's $ Info (How much profit?)

The following information was obtained from the Securities Exchage Commission

During 1997, the Company's average number of employees worldwide, including company-operated restaurant employees, was approximately 267,000.

CONSOLIDATED STATEMENT OF INCOME

YEARS ENDED DECEMBER 31,
------------------------------
1997 1996 1995
--------- --------- --------
(IN MILLIONS, EXCEPT
PER COMMON SHARE DATA)

Revenues
Sales by Company-operated restaurants........ $ 8,136.5 $ 7,570.7 $6,863.5
Revenues from franchised and affiliated
restaurants................................. 3,272.3 3,115.8 2,931.0
--------- --------- --------
Total revenues........................... 11,408.8 10,686.5 9,794.5
--------- --------- --------
Operating costs and expenses
Company-operated restaurants
Food and packaging......................... 2,772.6 2,546.6 2,319.4
Payroll and other employee benefits........ 2,025.1 1,909.8 1,730.9
Occupancy and other operating expenses..... 1,851.9 1,706.8 1,497.4
--------- --------- --------
6,649.6 6,163.2 5,547.7
--------- --------- --------
Franchised restaurants--occupancy expenses... 613.9 570.1 514.9
Selling, general and administrative expenses. 1,450.5 1,366.4 1,236.3
Other operating (income) expense--net........ (113.5) (45.8) (105.7)
--------- --------- --------
Total operating costs and expenses....... 8,600.5 8,053.9 7,193.2
--------- --------- --------
Operating income............................... 2,808.3 2,632.6 2,601.3
--------- --------- --------
Interest expense--net of capitalized interest
of $22.7, $22.2 and $22.5................... 364.4 342.5 340.2
Nonoperating (income) expense--net........... 36.6 39.1 92.0
--------- --------- --------
Income before provision for income taxes....... 2,407.3 2,251.0 2,169.1
--------- --------- --------
Provision for income taxes..................... 764.8 678.4 741.8
--------- --------- --------
Net income..................................... $ 1,642.5 $ 1,572.6 $1,427.3
========= ========= ========
Net income per common share.................... $ 2.35 $ 2.21 $ 1.97
Net income per common share--diluted........... 2.29 2.16 1.93
Dividends per common share..................... $ .32 $ .29 $ .26
Weighted average shares........................ 689.3 698.2 701.5
Weighted average shares--diluted............... 705.1 716.6 717.7

• Securities Exchange Commission, 10-K Annual Report

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