Stock Analysis on Net
Stock Analysis on Net

McDonald’s Corp. (NYSE:MCD)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Short-term borrowings and current maturities of long-term debt 3.90 0.00 0.00 1.01 0.00 0.00 0.00 0.00 0.00 0.95 0.96 1.76 4.26 5.30 8.18 2.19 0.12 0.00 0.00 0.00
Accounts payable 1.96 1.66 1.60 1.56 1.94 1.64 1.50 1.41 1.87 1.47 1.41 1.31 1.41 1.36 1.08 1.33 2.08 1.85 1.72 1.77
Dividends payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.04 0.00 0.00
Current lease liability 1.23 1.28 1.36 1.29 1.31 1.35 1.40 1.36 1.31 1.33 1.39 1.41 1.33 1.42 1.36 1.36 1.31 1.54 1.61 1.65
Income taxes 1.26 1.03 0.76 1.53 0.55 0.80 1.02 1.17 0.67 0.49 0.54 1.41 1.41 0.72 0.61 0.46 0.70 0.61 0.59 0.73
Other taxes 0.48 0.46 0.49 0.52 0.51 0.42 0.44 0.53 0.44 0.48 0.46 0.38 0.43 0.51 0.50 0.41 0.52 0.54 0.51 0.54
Accrued interest 0.84 0.67 0.68 0.70 0.78 0.66 0.64 0.63 0.67 0.59 0.62 0.65 0.74 0.67 0.63 0.61 0.71 0.69 0.55 0.66
Accrued payroll and other liabilities 2.55 2.59 2.39 2.28 2.45 2.33 2.07 3.22 2.50 2.41 2.19 2.05 2.16 2.41 2.15 1.52 2.18 2.07 2.02 1.92
Current liabilities 12.22% 7.68% 7.28% 8.89% 7.54% 7.19% 7.07% 8.32% 7.46% 9.66% 7.58% 8.96% 11.75% 12.39% 14.51% 7.89% 7.62% 9.33% 7.01% 7.27%
Long-term debt, excluding current maturities 66.17 71.56 70.79 70.37 71.19 71.89 70.21 66.80 66.15 65.67 67.30 68.14 66.88 69.32 69.44 75.24 71.81 71.72 70.68 70.79
Long-term lease liability 23.26 22.67 23.94 23.31 24.06 24.26 25.02 25.30 24.18 24.63 25.28 25.66 25.31 25.12 24.99 24.66 26.85 25.94 25.75 25.03
Long-term income taxes 0.65 0.94 1.10 1.42 1.57 2.24 2.51 3.71 3.52 3.56 3.59 3.84 3.74 3.86 3.75 4.27 4.77 4.85 4.94 4.60
Deferred revenues, initial franchise fees 1.41 1.47 1.52 1.46 1.50 1.50 1.49 1.46 1.37 1.37 1.38 1.37 1.33 1.34 1.33 1.30 1.39 1.40 1.38 1.36
Other long-term liabilities 1.69 1.89 2.07 2.04 2.09 2.04 2.08 2.15 2.01 1.98 2.08 2.07 2.00 1.88 1.84 1.77 2.06 2.13 2.03 2.19
Deferred income taxes 2.99 3.10 3.21 3.62 3.96 4.42 4.57 4.03 3.85 3.88 3.98 4.11 3.85 2.81 3.10 3.26 2.77 3.41 2.94 2.86
Long-term liabilities 96.17% 101.64% 102.63% 102.21% 104.36% 106.35% 105.87% 103.45% 101.08% 101.10% 103.61% 105.20% 103.12% 104.32% 104.44% 110.49% 109.66% 109.44% 107.72% 106.82%
Total liabilities 108.38% 109.32% 109.91% 111.10% 111.90% 113.54% 112.93% 111.77% 108.54% 110.76% 111.19% 114.16% 114.87% 116.71% 118.95% 118.38% 117.28% 118.77% 114.74% 114.10%
Preferred stock, no par value; issued: none 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $.01 par value 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.04
Additional paid-in capital 15.84 16.94 17.32 16.60 16.95 17.44 17.01 16.33 15.28 15.41 15.50 15.57 15.02 15.49 15.58 15.25 16.11 16.64 16.34 16.01
Retained earnings 113.06 120.27 121.80 115.80 118.06 121.13 117.34 113.24 106.83 106.01 107.41 106.61 102.43 105.51 105.45 105.02 111.41 112.13 111.61 109.60
Accumulated other comprehensive loss -4.37 -4.89 -4.87 -4.79 -4.93 -5.28 -4.56 -5.19 -4.78 -5.05 -4.95 -5.16 -4.92 -5.44 -5.62 -5.93 -5.23 -5.81 -5.40 -5.42
Common stock in treasury, at cost -132.94 -141.68 -144.19 -138.76 -142.01 -146.87 -142.76 -136.18 -125.91 -127.17 -129.19 -131.22 -127.44 -132.30 -134.39 -132.76 -139.61 -141.76 -137.32 -134.32
Shareholders’ equity (deficit) -8.38% -9.32% -9.91% -11.10% -11.90% -13.54% -12.93% -11.77% -8.54% -10.76% -11.19% -14.16% -14.87% -16.71% -18.95% -18.38% -17.28% -18.77% -14.74% -14.10%
Total liabilities and shareholders’ equity (deficit) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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. current liabilities as a percentage of total liabilities and shareholders’ equity (deficit) increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. McDonald’s Corp. long-term liabilities as a percentage of total liabilities and shareholders’ equity (deficit) decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. total liabilities as a percentage of total liabilities and shareholders’ equity (deficit) decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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 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. shareholders’ equity (deficit) as a percentage of total liabilities and shareholders’ equity (deficit) increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.