Stock Analysis on Net
Stock Analysis on Net

McDonald’s Corp. (NYSE:MCD)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

McDonald’s Corp., consolidated balance sheet: assets (quarterly data)

US$ in thousands

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Cash and equivalents 3,683,800  3,255,700  5,379,800  898,500  1,177,300  1,134,500  2,289,100  866,000  2,574,500  1,623,500  2,468,000  2,463,800  2,671,200  2,392,400  2,412,200  1,223,400  2,266,700  3,128,000  3,310,100  7,685,500  2,452,500  3,998,500  1,634,800 
Accounts and notes receivable 2,391,800  2,852,600  1,695,300  2,224,200  2,005,300  2,055,000  1,992,700  2,441,500  2,266,800  2,217,200  1,951,600  1,976,200  1,569,000  1,457,300  1,336,700  1,474,100  1,349,800  1,267,100  1,162,100  1,298,700  1,136,200  1,178,600  1,091,800 
Inventories, at cost, not in excess of market 44,200  42,600  39,100  50,200  42,600  44,200  40,800  51,100  41,900  49,600  53,800  58,800  54,200  56,700  56,800  58,900  90,500  87,400  93,700  100,100  99,300  102,300  98,800 
Prepaid expenses and other current assets 616,300  458,500  442,700  385,000  379,700  681,700  641,800  694,600  669,900  465,300  435,900  828,400  495,900  597,500  552,000  565,200  595,100  564,100  485,700  558,700  804,600  692,800  767,400 
Assets of businesses held for sale —  —  —  —  —  —  —  —  —  —  —  —  —  1,388,600  1,549,500  1,527,000  —  —  —  —  —  —  — 
Current assets 6,736,100  6,609,400  7,556,900  3,557,900  3,604,900  3,915,400  4,964,400  4,053,200  5,553,100  4,355,600  4,909,300  5,327,200  4,790,300  5,892,500  5,907,200  4,848,600  4,302,100  5,046,600  5,051,600  9,643,000  4,492,600  5,972,200  3,592,800 
Investments in and advances to affiliates 1,283,300  1,278,100  1,276,800  1,270,300  1,245,400  1,227,300  1,190,200  1,202,800  1,135,500  1,127,600  1,147,400  1,085,700  999,800  779,700  766,500  725,900  878,000  852,100  820,100  792,700  846,700  860,300  900,500 
Goodwill 2,715,800  2,671,900  2,627,400  2,677,400  2,541,800  2,580,500  2,317,800  2,331,500  2,345,000  2,347,200  2,404,800  2,379,700  2,373,300  2,345,200  2,299,200  2,336,500  2,504,700  2,498,600  2,569,800  2,516,300  2,581,600  2,627,500  2,593,500 
Miscellaneous 2,469,600  2,547,200  2,481,400  2,584,000  2,622,000  2,449,600  2,385,500  2,381,000  2,406,500  2,516,800  2,557,400  2,562,800  2,417,600  2,078,500  1,933,300  1,855,300  1,816,400  1,899,300  1,932,100  1,869,100  1,799,200  1,796,700  1,767,100 
Other assets 6,468,700  6,497,200  6,385,600  6,531,700  6,409,200  6,257,400  5,893,500  5,915,300  5,887,000  5,991,600  6,109,600  6,028,200  5,790,700  5,203,400  4,999,000  4,917,700  5,199,100  5,250,000  5,322,000  5,178,100  5,227,500  5,284,500  5,261,100 
Lease right-of-use asset, net 13,276,200  13,002,300  13,029,600  13,261,200  12,465,600  12,522,800  12,325,200  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Property and equipment, at cost 40,088,600  39,137,400  38,351,500  39,050,900  37,748,000  38,192,400  37,774,000  37,193,600  36,946,400  36,577,300  37,164,700  36,626,400  36,038,900  35,397,900  34,451,500  34,443,400  37,931,100  37,814,400  38,427,200  37,692,400  37,865,700  38,391,900  37,551,000 
Accumulated depreciation and amortization (15,870,300) (15,307,400) (14,755,600) (14,890,900) (14,422,700) (14,688,200) (14,490,500) (14,350,900) (14,332,800) (14,216,100) (14,460,700) (14,178,100) (14,060,300) (13,708,600) (13,237,400) (13,185,800) (14,945,400) (14,964,500) (15,005,400) (14,574,800) (14,626,300) (14,700,700) (14,249,300)
Net property and equipment 24,218,300  23,830,000  23,595,900  24,160,000  23,325,300  23,504,200  23,283,500  22,842,700  22,613,600  22,361,200  22,704,000  22,448,300  21,978,600  21,689,300  21,214,100  21,257,600  22,985,700  22,849,900  23,421,800  23,117,600  23,239,400  23,691,200  23,301,700 
Long-term assets 43,963,200  43,329,500  43,011,100  43,952,900  42,200,100  42,284,400  41,502,200  28,758,000  28,500,600  28,352,800  28,813,600  28,476,500  27,769,300  26,892,700  26,213,100  26,175,300  28,184,800  28,099,900  28,743,800  28,295,700  28,466,900  28,975,700  28,562,800 
Total assets 50,699,300  49,938,900  50,568,000  47,510,800  45,805,000  46,199,800  46,466,600  32,811,200  34,053,700  32,708,400  33,722,900  33,803,700  32,559,600  32,785,200  32,120,300  31,023,900  32,486,900  33,146,500  33,795,400  37,938,700  32,959,500  34,947,900  32,155,600 

Based on: 10-Q (filing date: 2020-11-09), 10-Q (filing date: 2020-08-10), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-26), 10-Q (filing date: 2019-11-04), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-08), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-07).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. McDonald’s Corp.’s current assets decreased from Q1 2020 to Q2 2020 but then slightly increased from Q2 2020 to Q3 2020.
Net property and equipment Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. McDonald’s Corp.’s net property and equipment increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. McDonald’s Corp.’s long-term assets increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. McDonald’s Corp.’s total assets decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. McDonald’s Corp.’s cash and equivalents decreased from Q1 2020 to Q2 2020 but then slightly increased from Q2 2020 to Q3 2020.
Accounts and notes receivable The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. McDonald’s Corp.’s accounts and notes receivable increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
Inventories, at cost, not in excess of market Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. McDonald’s Corp.’s inventories, at cost, not in excess of market increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.