Stock Analysis on Net
Stock Analysis on Net

McDonald’s Corp. (NYSE:MCD)

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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
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
Cash and equivalents 4,579,300 3,496,300 1,625,600 3,708,100 2,583,800 2,828,300 1,872,500 2,335,700 4,709,200 4,305,800 3,049,400 3,019,700 3,449,100 3,683,800 3,255,700 5,379,800 898,500 1,177,300 1,134,500 2,289,100
Accounts and notes receivable 2,488,000 2,247,100 2,193,600 2,075,500 2,115,000 1,889,900 1,836,700 1,674,100 1,872,400 1,828,500 1,808,300 1,733,700 2,110,300 2,391,800 2,852,600 1,695,300 2,224,200 2,005,300 2,055,000 1,992,700
Inventories, at cost, not in excess of market 52,800 47,600 52,400 51,500 52,000 43,400 43,300 49,600 55,600 50,100 47,800 45,300 51,100 44,200 42,600 39,100 50,200 42,600 44,200 40,800
Prepaid expenses and other current assets 866,300 1,059,000 1,073,800 963,600 673,400 979,200 1,166,800 597,000 511,300 611,500 795,700 669,200 632,700 616,300 458,500 442,700 385,000 379,700 681,700 641,800
Current assets 7,986,400 6,850,000 4,945,400 6,798,700 5,424,200 5,740,800 4,919,300 4,656,400 7,148,500 6,795,900 5,701,200 5,467,900 6,243,200 6,736,100 6,609,400 7,556,900 3,557,900 3,604,900 3,915,400 4,964,400
Investments in and advances to affiliates 1,080,200 1,037,900 1,038,800 1,087,600 1,064,500 963,800 1,074,000 1,177,200 1,201,200 1,171,400 1,196,800 1,211,100 1,297,200 1,283,300 1,278,100 1,276,800 1,270,300 1,245,400 1,227,300 1,190,200
Goodwill 3,040,400 2,965,200 2,968,600 2,930,600 2,900,400 2,651,300 2,722,400 2,813,900 2,782,500 2,744,200 2,778,100 2,745,800 2,773,100 2,715,800 2,671,900 2,627,400 2,677,400 2,541,800 2,580,500 2,317,800
Miscellaneous 5,617,800 5,062,600 4,869,000 4,794,800 4,707,200 4,254,600 4,403,400 4,416,900 4,449,500 4,057,900 3,889,500 3,499,100 3,527,400 2,469,600 2,547,200 2,481,400 2,584,000 2,622,000 2,449,600 2,385,500
Other assets 9,738,400 9,065,700 8,876,400 8,813,000 8,672,100 7,869,700 8,199,800 8,408,000 8,433,200 7,973,500 7,864,400 7,456,000 7,597,700 6,468,700 6,497,200 6,385,600 6,531,700 6,409,200 6,257,400 5,893,500
Lease right-of-use asset, net 13,514,400 12,249,500 12,518,700 12,544,200 12,565,700 12,192,800 12,794,200 13,378,600 13,552,000 13,528,900 13,707,300 13,629,400 13,827,700 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 43,570,000 41,967,000 42,131,000 41,487,100 41,037,600 39,096,800 40,114,300 41,773,100 41,916,600 41,423,700 41,535,500 41,082,200 41,476,500 40,088,600 39,137,400 38,351,500 39,050,900 37,748,000 38,192,400 37,774,000
Accumulated depreciation and amortization (18,662,400) (18,042,900) (18,029,500) (17,628,600) (17,264,000) (16,398,500) (16,779,800) (17,338,400) (17,196,000) (16,995,000) (16,915,300) (16,532,400) (16,518,300) (15,870,300) (15,307,400) (14,755,600) (14,890,900) (14,422,700) (14,688,200) (14,490,500)
Net property and equipment 24,907,600 23,924,100 24,101,500 23,858,500 23,773,600 22,698,300 23,334,500 24,434,700 24,720,600 24,428,700 24,620,200 24,549,800 24,958,200 24,218,300 23,830,000 23,595,900 24,160,000 23,325,300 23,504,200 23,283,500
Long-term assets 48,160,400 45,239,300 45,496,600 45,215,700 45,011,400 42,760,800 44,328,500 46,221,300 46,705,800 45,931,100 46,191,900 45,635,200 46,383,600 43,963,200 43,329,500 43,011,100 43,952,900 42,200,100 42,284,400 41,502,200
Total assets 56,146,800 52,089,300 50,442,000 52,014,400 50,435,600 48,501,600 49,247,800 50,877,700 53,854,300 52,727,000 51,893,100 51,103,100 52,626,800 50,699,300 49,938,900 50,568,000 47,510,800 45,805,000 46,199,800 46,466,600

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).

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. current assets increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. net property and equipment decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.
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. long-term assets decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.
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. total assets increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

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. cash and equivalents increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. accounts and notes receivable increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. inventories, at cost, not in excess of market decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.