Stock Analysis on Net
Stock Analysis on Net
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McDonald’s Corp. (NYSE:MCD)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Accounts payable 1.41 2.08 3.68 2.74 2.44
Current lease liability 1.33 1.31 0.00 0.00 0.00
Income taxes 1.41 0.70 0.70 0.79 0.86
Other taxes 0.43 0.52 0.77 0.81 0.86
Accrued interest 0.74 0.71 0.91 0.82 0.80
Accrued payroll and other liabilities 2.16 2.18 3.01 3.39 3.74
Current maturities of long-term debt 4.26 0.12 0.00 0.00 0.25
Liabilities of businesses held for sale 0.00 0.00 0.00 0.00 2.24
Current liabilities 11.75% 7.62% 9.06% 8.55% 11.18%
Long-term debt, excluding current maturities 66.88 71.81 94.71 87.38 83.41
Long-term lease liability 25.31 26.85 0.00 0.00 0.00
Long-term income taxes 3.74 4.77 6.34 7.01 3.26
Deferred revenues, initial franchise fees 1.33 1.39 1.91 0.00 0.00
Other long-term liabilities 2.00 2.06 3.34 3.42 3.40
Deferred income taxes 3.85 2.77 3.70 3.31 5.86
Long-term liabilities 103.12% 109.66% 110.01% 101.12% 95.93%
Total liabilities 114.87% 117.28% 119.07% 109.67% 107.11%
Preferred stock, no par value; none issued 0.00 0.00 0.00 0.00 0.00
Common stock, $.01 par value 0.03 0.03 0.05 0.05 0.05
Additional paid-in capital 15.02 16.11 22.48 20.92 21.78
Retained earnings 102.43 111.41 153.87 142.96 148.99
Accumulated other comprehensive loss -4.92 -5.23 -7.95 -6.44 -9.97
Common stock in treasury, at cost -127.44 -139.61 -187.52 -167.15 -167.96
Shareholders’ equity (deficit) -14.87% -17.28% -19.07% -9.67% -7.11%
Total liabilities and shareholders’ equity (deficit) 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (filing date: 2021-02-23), 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-03-01).

Balance sheet 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) decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
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) decreased from 2018 to 2019 and from 2019 to 2020.
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) decreased from 2018 to 2019 and from 2019 to 2020.
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) increased from 2018 to 2019 and from 2019 to 2020.