MCD 2021 Annual Report snipets of information
40,031 McDonald’s restaurants at year-end 2021
37,295 (93%) were franchised
2,736 (7%) were Company owned
Across the System, nearly 1,500 new restaurants opened during 2021.
At Company owned restaurants - approximately 200,000 worldwide employees
- more than 75% of those employees are outside the U.S.
- less than 25% are within the U.S.
Directly operating McDonald’s restaurants contributes significantly to the Company’s ability to act as a credible franchisor.
Under a conventional franchise arrangement, the Company generally owns or secures a long-term lease on the land and building for the restaurant location, and the franchisee pays for equipment, signs, seating and decor.
Franchisees are responsible for reinvesting capital in their business over time. In addition, to accelerate implementaion of certain initiatives, the Company may co-invest with franchisees to fund improvements to their restaurants or operating systems.
The Company requires franchises to meet rigorous standards and generally does not work with passive investors.
Conventional franchisees contribute to the Company’s revenue, primarily through the payment of rent and royalties upon a percent of sales, with specified miniumum rent payments, along with initial fees paid upon the opening of a new restaurant or grant of a new franchise.
Company maintains a Supplier Code of Conduct. The Company and its affiliates and subsidiaries generally do not supply food, paper or related items to any McDonald’s restaurants.
Revenue 2021:
- Company-operated restaurants: $9.79 bil
- franchised restaurants: $13.09 bil
Total operating costs and expenses: $12.87 bil
Cash and equivalents (Dec. 31, 2021): $4.71 bil
Earnings per common share (diluted): $10.04
Dividends declared per sommon share: $5.25
Dividends declared per common share: $5.25