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GuruFocus has detected 5 Warning Signs with McDonald's Corp $MCD.
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McDonald's Corp (NYSE:MCD)
Pre-Tax Income
$6,866 Mil (TTM As of Dec. 2016)

Pretax income is the income that a company earns before paying income taxes. McDonald's Corp's pretax income for the three months ended in Dec. 2016 was $1,735 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2016 was $6,866 Mil. McDonald's Corp's pretax margin was 28.78%.

During the past 13 years, McDonald's Corp's highest Pretax Margin was 29.67%. The lowest was 15.68%. And the median was 28.21%.


Definition

This is the income that a company earns before paying income taxes.

McDonald's Corp's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=7744.5+6.3+-884.8+3.6+-3.6
=6,866

McDonald's Corp's Pretax Income for the quarter that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=1969+-12.9+-221.2+-2.4+2.4
=1,735

McDonald's Corp Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2016 was 1576.4 (Mar. 2016 ) + 1650.2 (Jun. 2016 ) + 1904.5 (Sep. 2016 ) + 1734.9 (Dec. 2016 ) = $6,866 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

McDonald's Corp's Pretax Margin for the quarter that ended in Dec. 2016 is calculated as

Pretax Margin=Pretax Income/Revenue
=1734.9/6028.9
=28.78%

During the past 13 years, McDonald's Corp's highest Pretax Margin was 29.67%. The lowest was 15.68%. And the median was 28.21%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

McDonald's Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 3,5726,1586,4877,0008,0128,0798,2057,3726,5566,866

McDonald's Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Pretax Income 1,9211,5961,2541,7121,8781,7111,5761,6501,9051,735
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