McDonald's reported total revenues of $19.2 billion in 2020. Total operating costs and expenses were $11.9 billion, including $2.4 billion spent on food and paper and $2 billion on payroll and employee benefits. This led to operating income of $7.3 billion. After accounting for interest expenses and income taxes, McDonald's reported net income of $4.7 billion.
Restaurant Brands International reported total revenues of $5 billion in 2020. Total operating costs and expenses were $3.5 billion, including $1.6 billion in cost of sales and $1.3 billion in selling, general and administrative expenses. This resulted in income from operations of $1.4 billion.
McDonald's reported total revenues of $19.2 billion in 2020. Total operating costs and expenses were $11.9 billion, including $2.4 billion spent on food and paper and $2 billion on payroll and employee benefits. This led to operating income of $7.3 billion. After accounting for interest expenses and income taxes, McDonald's reported net income of $4.7 billion.
Restaurant Brands International reported total revenues of $5 billion in 2020. Total operating costs and expenses were $3.5 billion, including $1.6 billion in cost of sales and $1.3 billion in selling, general and administrative expenses. This resulted in income from operations of $1.4 billion.
McDonald's reported total revenues of $19.2 billion in 2020. Total operating costs and expenses were $11.9 billion, including $2.4 billion spent on food and paper and $2 billion on payroll and employee benefits. This led to operating income of $7.3 billion. After accounting for interest expenses and income taxes, McDonald's reported net income of $4.7 billion.
Restaurant Brands International reported total revenues of $5 billion in 2020. Total operating costs and expenses were $3.5 billion, including $1.6 billion in cost of sales and $1.3 billion in selling, general and administrative expenses. This resulted in income from operations of $1.4 billion.
Consolidated Income Statement (In millions) Common Size Income State
2020 2020 REVENUES Total revenues $ 19,207.80 OPERATING COSTS AND EXPENSES Company-operated restaurant expenses $ 2,564.20 Food & paper $ 2,416.40 Payroll & employee benefits $ 2,000.60 Occupancy & other operating expenses $ 2,207.50 Franchised restaurants-occupancy expenses $ 267.00 Other restaurant expenses Selling, general & administrative expenses Depreciation and amortization $ 300.60 Other $ 2,245.00 Other operating (income) expense, net $ -117.50 Total operating costs and expenses $ 11,883.80 Operating income $ 7,324.00 Interest expense-net of capitalized interest of $6.0, $7.4 and $5.6 $ 1,218.10 Nonoperating (income) expense, net $ -34.80 Income before provision for income taxes $ 6,140.70 Provision for income taxes $ 1,410.20 Net income $ 4,730.50 Common Size Income Statement RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIES Consolidated Statements of Operations (In millions of U.S. dollars, except per share data) Common Size Income Statement 2020 2020 Revenues: Total revenues 4,968 Operating costs and expenses: Cost of sales 1,610 Franchise and property expenses 528 Selling, general and administrative expenses 1,264 (Income) loss from equity method investments 39 Other operating expenses (income), net 105 Total operating costs and expenses 3,546 Income from operations 1,422 Interest expense, net (508) Loss on early extinguishment of debt (98) Income before income taxes 816 Income tax expense (66) Net income 750