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 millions

	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash and equivalents	1,876)	1,238)	1,085)	1,221)	792)	838)	4,579)	3,496)	1,626)	3,708)	2,584)	2,828)	1,873)	2,336)	4,709)	4,306)	3,049)	3,020)	3,449)	3,684)	3,256)	5,380)
Accounts and notes receivable	2,550)	2,387)	2,383)	2,460)	2,404)	2,238)	2,488)	2,247)	2,194)	2,076)	2,115)	1,890)	1,837)	1,674)	1,872)	1,829)	1,808)	1,734)	2,110)	2,392)	2,853)	1,695)
Inventories, at cost, not in excess of market	55)	51)	56)	54)	46)	46)	53)	48)	52)	52)	52)	43)	43)	50)	56)	50)	48)	45)	51)	44)	43)	39)
Prepaid expenses and other current assets	1,120)	1,059)	1,075)	1,177)	963)	935)	866)	1,059)	1,074)	964)	673)	979)	1,167)	597)	511)	612)	796)	669)	633)	616)	459)	443)
Current assets	5,601)	4,735)	4,599)	4,912)	4,205)	4,057)	7,986)	6,850)	4,945)	6,799)	5,424)	5,741)	4,919)	4,656)	7,149)	6,796)	5,701)	5,468)	6,243)	6,736)	6,609)	7,557)
Investments in affiliates	2,827)	2,751)	2,710)	2,960)	2,876)	2,883)	1,080)	1,038)	1,039)	1,088)	1,065)	964)	1,074)	1,177)	1,201)	1,171)	1,197)	1,211)	1,297)	1,283)	1,278)	1,277)
Goodwill	3,308)	3,186)	3,145)	3,220)	3,048)	3,028)	3,040)	2,965)	2,969)	2,931)	2,900)	2,651)	2,722)	2,814)	2,783)	2,744)	2,778)	2,746)	2,773)	2,716)	2,672)	2,627)
Miscellaneous	6,494)	6,266)	6,094)	5,673)	5,627)	5,586)	5,618)	5,063)	4,869)	4,795)	4,707)	4,255)	4,403)	4,417)	4,450)	4,058)	3,890)	3,499)	3,527)	2,470)	2,547)	2,481)
Other assets	12,629)	12,203)	11,949)	11,853)	11,551)	11,497)	9,738)	9,066)	8,876)	8,813)	8,672)	7,870)	8,200)	8,408)	8,433)	7,974)	7,864)	7,456)	7,598)	6,469)	6,497)	6,386)
Lease right-of-use asset, net	14,286)	13,642)	13,339)	13,632)	13,234)	13,277)	13,514)	12,250)	12,519)	12,544)	12,566)	12,193)	12,794)	13,379)	13,552)	13,529)	13,707)	13,629)	13,828)	13,276)	13,002)	13,030)
Property and equipment, at cost	47,609)	45,258)	44,177)	45,178)	43,846)	43,432)	43,570)	41,967)	42,131)	41,487)	41,038)	39,097)	40,114)	41,773)	41,917)	41,424)	41,536)	41,082)	41,477)	40,089)	39,137)	38,352)
Accumulated depreciation and amortization	(20,570)	(19,509)	(18,882)	(19,403)	(19,035)	(18,750)	(18,662)	(18,043)	(18,030)	(17,629)	(17,264)	(16,399)	(16,780)	(17,338)	(17,196)	(16,995)	(16,915)	(16,532)	(16,518)	(15,870)	(15,307)	(14,756)
Net property and equipment	27,039)	25,749)	25,295)	25,775)	24,811)	24,682)	24,908)	23,924)	24,102)	23,859)	23,774)	22,698)	23,335)	24,435)	24,721)	24,429)	24,620)	24,550)	24,958)	24,218)	23,830)	23,596)
Long-term assets	53,954)	51,594)	50,583)	51,260)	49,596)	49,456)	48,160)	45,239)	45,497)	45,216)	45,011)	42,761)	44,329)	46,221)	46,706)	45,931)	46,192)	45,635)	46,384)	43,963)	43,330)	43,011)
Total assets	59,555)	56,329)	55,182)	56,172)	53,801)	53,513)	56,147)	52,089)	50,442)	52,014)	50,436)	48,502)	49,248)	50,878)	53,854)	52,727)	51,893)	51,103)	52,627)	50,699)	49,939)	50,568)

The analysis of the quarterly financial data reveals several key trends and notable changes across various asset categories over the examined periods.

Cash and Equivalents: This category exhibits significant fluctuations over the periods, with notable peaks at the end of 2021 and a steep decline afterward, reaching the lowest levels around early 2024, then showing moderate recovery toward mid-2025. The volatility suggests variability in cash management or operational cash flows.
Accounts and Notes Receivable: Receivables display moderate variability with a general upward trend toward the end of the timeline, indicating potential growth in credit sales or longer collection cycles. There are no sharp declines, pointing to relatively stable receivables management throughout the quarters.
Inventories: Inventory levels remain relatively stable with minor fluctuations within a moderate range. There is a slight increase toward the later periods, which may reflect a buildup in anticipation of higher sales or strategic inventory management.
Prepaid Expenses and Other Current Assets: This category experiences considerable variation, especially notable around 2022, where there is a marked increase, followed by some fluctuations afterward. Such movements can indicate shifts in payment timing or adjustments in prepaid expenditures.
Current Assets: Current assets demonstrate moderate volatility with a general pattern of increase and decrease aligning with cash and receivables trends. A notable decline occurs in early 2024, before some recovery, reflecting changes in liquidity components.
Investments in Affiliates: Investments remain fairly steady initially but show a notable increase starting in early 2024, almost doubling by mid-2025. This sharp rise suggests significant new investments or growth in affiliate valuations during this period.
Goodwill: Goodwill values show gradual growth over the examined timeline, indicating acquisitions or other factors leading to increased intangible assets. The increase is steady and does not exhibit sharp fluctuations.
Miscellaneous Assets: There is a general upward trend in miscellaneous assets, with intermittent increases, particularly in the later periods, reflecting possible accruals or other miscellaneous asset accumulations.
Other Assets: Other assets steadily increase over time, signaling ongoing accumulation or recognition of longer-term assets, which could include deferred charges or intangible items.
Lease Right-of-Use Asset, Net: The lease right-of-use asset reflects relative stability with slight declines and some increases; the trend is somewhat cyclical but remains within a narrow range, indicating consistent lease obligations.
Property and Equipment, At Cost: Property and equipment costs increase steadily with some minor declines, suggesting ongoing capital expenditures and property investments. A significant upward move appears toward the end of the timeline, reflecting major asset acquisitions or expansions.
Accumulated Depreciation and Amortization: Accumulated depreciation and amortization steadily increase in magnitude (more negative), consistent with the aging of fixed assets and ongoing depreciation expenses over time.
Net Property and Equipment: The net value of property and equipment shows moderate growth with periodic declines, maintaining an overall upward trajectory indicative of ongoing asset additions exceeding depreciation losses.
Long-term Assets: Long-term assets experience a gradual increase, with a significant jump around early 2024 continuing through mid-2025, mirroring trends seen in investments and property additions. This suggests a strategic build-up of long-term investments.
Total Assets: Total assets fluctuate slightly, with a gradual growth trend peaking toward mid-2025 after a dip in early 2024. The overall increase in total assets reflects accumulation in both current and long-term asset categories, supporting expansion or strengthening of the asset base.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

McDonald’s Corp. (NYSE:MCD)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data