McDonald’s Corporation (NYSE: MCD) announced 2000 financial information supplementing operating results released on January 24, 2001.

  • Cash generated from operations totaled $2.75 billion in 2000, exceeding capital expenditures of $1.94 billion. Cash from operations in 2000 was affected by about $200 million of higher income tax payments, primarily as a result of lower benefits from stock option exercises and gains on the termination of foreign currency exchange agreements. Our substantial cash flow from operations continues to fund expansion and dividend payments and support share repurchase. We purchased 56.7 million shares of McDonald’s stock for $2.0 billion in 2000. We expect to purchase the remaining $1.2 billion in our multi-year $4.5 billion share repurchase program this year.

  • Return on average equity was 21.6% and return on average assets was 15.9% in 2000.

  • At December 31, 2000, total assets were $21.7 billion, total shareholders’ equity was $9.2 billion and total debt was approximately $8.5 billion.

  • Systemwide sales were $40.2 billion and total revenues were $14.2 billion in 2000.

  • Depreciation and amortization totaled $1.0 billion in 2000.

  • At December 31, 2000, there were 1,304,927,918 common shares outstanding.

Mike Conley, Executive Vice President and Chief Financial Officer said, “In 2000, McDonald’s earnings per share increased 10 percent, excluding the effect of foreign currency translation. In 2001, we are focused on building comparable sales and returns through improved operations, people development and innovation around the world. We expect to achieve earnings per share growth in the 10 to 13 percent range this year, excluding the effect of foreign currency translation.”

Certain forward-looking statements are included in this report. They use such words as “may,” “will,” “expect,” “believe,” “plan” and other similar terminology. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this report. These forward-looking statements involve a number of risks and uncertainties. The following are some of the factors that could cause actual results to differ materially from those expressed in or underlying our forward-looking statements: the effectiveness of operating initiatives and advertising and promotional efforts, the effects of the Euro conversion, as well as changes in: global and local business and economic conditions; currency exchange (particularly the Euro) and interest rates; food, labor and other operating costs; political or economic instability in local markets; competition; consumer preferences, spending patterns and demographic trends; legislation and governmental regulation; and accounting policies and practices. The foregoing list of important factors is not exclusive.

The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

McDonald’s is the world’s largest and best-known food service retailer, with more than 28,000 restaurants in 120 countries serving about 45 million people each day.

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