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McDonald’s Corp. (MCD)


Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Difficulty: Beginner

McDonald’s Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Accounts payable 3.68 2.74 2.44 2.31 2.51
Income taxes 0.70 0.79 0.86 0.41 0.49
Other taxes 0.77 0.81 0.86 0.81 0.96
Accrued interest 0.91 0.82 0.80 0.61 0.68
Accrued payroll and other liabilities 3.01 3.39 3.74 3.63 3.38
Current maturities of long-term debt 0.00 0.00 0.25 0.00 0.00
Liabilities of businesses held for sale 0.00 0.00 2.24 0.00 0.00
Current liabilities 9.06% 8.55% 11.18% 7.78% 8.02%
Long-term debt, excluding current maturities 94.71 87.38 83.41 63.58 43.73
Long-term income taxes 6.34 7.01 3.26 0.00 0.00
Deferred revenues, initial franchise fees 1.91 0.00 0.00 0.00 0.00
Other long-term liabilities 3.34 3.42 3.40 5.47 6.03
Deferred income taxes 3.70 3.31 5.86 4.49 4.74
Long-term liabilities 110.01% 101.12% 95.93% 73.54% 54.49%
Total liabilities 119.07% 109.67% 107.11% 81.32% 62.51%
Preferred stock, no par value; issued none 0.00 0.00 0.00 0.00 0.00
Common stock, $.01 par value 0.05 0.05 0.05 0.04 0.05
Additional paid-in capital 22.48 20.92 21.78 17.22 18.20
Retained earnings 153.87 142.96 148.99 117.54 126.29
Accumulated other comprehensive loss -7.95 -6.44 -9.97 -7.59 -4.43
Common stock in treasury, at cost -187.52 -167.15 -167.96 -108.54 -102.61
Shareholders’ equity (deficit) -19.07% -9.67% -7.11% 18.68% 37.49%
Total liabilities and shareholders’ equity (deficit) 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-03-01), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-24).

Item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. McDonald’s Corp.’s current liabilities as a percentage of total liabilities and shareholders’ equity (deficit) declined from 2016 to 2017 but then slightly increased from 2017 to 2018.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. McDonald’s Corp.’s long-term liabilities as a percentage of total liabilities and shareholders’ equity (deficit) increased from 2016 to 2017 and from 2017 to 2018.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. McDonald’s Corp.’s total liabilities as a percentage of total liabilities and shareholders’ equity (deficit) increased from 2016 to 2017 and from 2017 to 2018.
Shareholders’ equity (deficit) Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. McDonald’s Corp.’s shareholders’ equity (deficit) as a percentage of total liabilities and shareholders’ equity (deficit) declined from 2016 to 2017 and from 2017 to 2018.