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debunk_this_12 t1_j6opehr wrote

One critique. It’s EBITDA, not income before taxes also u need to add depreciation they didn’t pay 4% in taxes.

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IncomeStatementGuy OP t1_j6otsjf wrote

>https://www.sec.gov/Archives/edgar/data/63908/000006390823000005/exhibit991-123122.htm

Thanks! But I think my terms are right.

I structured the visualization similarly to the structure of McDonald's income statement: https://www.sec.gov/Archives/edgar/data/63908/000006390823000005/exhibit991-123122.htm
Only difference is that I abbreviated their reported "income before provision for income taxes" as "income before taxes".

Depreciation is reported as part of their operating expenses.

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