McDonald's Corporation announced consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported total revenue of $7,093.2 million, operating income of $2,200.4 million, income before provision for income taxes of $2,055.2 million and net income of $1,397.0 million or $1.40 per diluted share compared to total revenue of $6,952.1 million, operating income of $2,197.8 million, income before provision for income taxes of $2,068.0 million and net income of $1,396.1 million or $1.38 per diluted share year ago period.

For the full year, the company reported total revenue of $28,105.7 million, operating income of $8,764.3 million, income before provision for income taxes of $8,204.5 million and net income of $5,585.9 million or $5.55 per diluted share compared to total revenue of $27,567.0 million, operating income of $8,604.6 million, income before provision for income taxes of $8,079.0 million and net income of $5,464.8 million or $5.36 per diluted share year ago period.

For 2014, the company's capital expenditures are targeted at $2.9 - $3.0 billion, providing for 1,500 - 1,600 new restaurant openings and the reimaging of over 1,000 existing locations.