Stock Analysis on Net
Stock Analysis on Net

McDonald’s Corp. (NYSE:MCD)

Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in thousands

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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
Short-term borrowings —  1,000,000  1,000,000  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Accounts payable 689,000  538,400  671,900  988,200  849,500  796,800  823,600  1,207,900  932,800  917,900  779,900  924,800  685,200  536,000  678,400  756,000  852,200  574,600  654,500  874,700  802,600  840,100  702,000 
Dividends payable —  —  —  —  934,000  —  —  —  888,000  —  —  —  797,400  —  —  —  772,900  —  —  —  —  —  — 
Current lease liability 718,200  681,200  688,600  621,000  703,300  743,400  767,900  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Income taxes 364,000  302,800  234,600  331,700  277,900  270,800  339,300  228,300  160,000  211,500  462,000  265,800  347,700  212,900  497,400  267,200  561,300  219,300  298,500  154,800  178,700  62,400  372,100 
Other taxes 256,600  247,400  208,900  247,500  248,100  237,900  252,800  253,700  256,400  278,800  308,700  275,400  291,700  284,900  275,300  266,300  295,300  302,100  342,700  309,000  327,000  348,600  317,000 
Accrued interest 340,200  316,100  308,000  337,800  314,000  256,100  304,800  297,000  314,700  236,400  280,700  278,400  279,200  223,600  276,400  247,500  263,600  212,700  290,900  233,100  200,000  168,200  182,400 
Accrued payroll and other liabilities 1,223,400  1,073,600  769,800  1,035,700  948,800  935,000  891,200  986,600  1,074,800  1,033,500  990,100  1,146,200  1,123,200  948,000  878,400  1,159,300  1,731,400  1,358,500  1,272,100  1,378,800  1,448,200  1,341,500  1,178,400 
Current maturities of long-term debt 2,688,800  3,086,600  106,000  59,100  —  —  —  —  —  292,200  —  —  215,800  209,900  222,900  77,200  —  —  —  —  —  —  — 
Liabilities of businesses held for sale —  —  —  —  —  —  —  —  —  —  —  —  —  328,000  391,900  694,800  —  —  —  —  —  —  — 
Current liabilities 6,280,200  7,246,100  3,987,800  3,621,000  4,275,600  3,240,000  3,379,600  2,973,500  3,626,700  2,970,300  2,821,400  2,890,600  3,740,200  2,743,300  3,220,700  3,468,300  4,476,700  2,667,200  2,858,700  2,950,400  2,956,500  2,760,800  2,751,900 
Long-term debt, excluding current maturities 35,143,400  34,675,600  38,046,600  34,118,100  32,850,100  32,654,300  32,892,000  31,075,300  31,895,200  30,687,700  30,869,500  29,536,400  28,402,600  28,150,900  26,984,200  25,878,500  26,007,000  26,010,000  23,352,600  24,122,100  17,990,500  17,901,600  14,291,800 
Long-term lease liability 12,736,000  12,478,900  12,470,300  12,757,800  11,881,800  11,895,400  11,629,500  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term income taxes 1,957,300  1,871,300  2,158,100  2,265,900  2,219,600  2,281,800  2,138,300  2,081,200  2,376,400  1,987,000  2,009,500  2,370,900  —  —  —  —  —  —  —  —  —  —  — 
Deferred revenues, initial franchise fees 679,800  664,200  655,000  660,600  640,100  639,600  629,800  627,800  617,000  606,700  607,400  —  —  —  —  —  —  —  —  —  —  —  — 
Other long-term liabilities 951,500  916,700  893,900  979,600  976,500  939,200  1,017,300  1,096,300  1,129,200  1,134,600  1,154,000  1,154,400  2,292,300  2,229,900  2,139,000  2,064,300  2,248,500  2,208,000  2,060,800  2,074,000  2,071,700  2,112,400  1,997,600 
Deferred income taxes 1,423,200  1,549,200  1,649,700  1,318,100  1,560,500  1,358,300  1,331,000  1,215,500  1,201,800  1,173,100  979,900  1,119,400  1,602,100  1,661,700  1,807,200  1,817,100  1,378,800  1,621,300  1,660,300  1,704,300  1,631,000  1,612,200  1,711,000 
Long-term liabilities 52,891,200  52,155,900  55,873,600  52,100,100  50,128,600  49,768,600  49,637,900  36,096,100  37,219,600  35,589,100  35,620,300  34,181,100  32,297,000  32,042,500  30,930,400  29,759,900  29,634,300  29,839,300  27,073,700  27,900,400  21,693,200  21,626,200  18,000,400 
Total liabilities 59,171,400  59,402,000  59,861,400  55,721,100  54,404,200  53,008,600  53,017,500  39,069,600  40,846,300  38,559,400  38,441,700  37,071,700  36,037,200  34,785,800  34,151,100  33,228,200  34,111,000  32,506,500  29,932,400  30,850,800  24,649,700  24,387,000  20,752,300 
Preferred stock, no par value; none issued —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Common stock, $.01 par value 16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600  16,600 
Additional paid-in capital 7,854,700  7,780,000  7,713,500  7,653,900  7,619,700  7,549,500  7,438,500  7,376,000  7,257,200  7,195,200  7,122,200  7,072,400  6,994,100  6,916,700  6,809,600  6,757,900  6,712,800  6,137,500  6,088,700  6,533,400  6,418,100  6,363,200  6,312,300 
Retained earnings 53,492,500  52,660,800  53,106,700  52,930,500  51,359,500  51,562,500  50,928,600  50,487,000  49,076,200  49,106,700  48,396,500  48,325,800  47,631,500  47,300,600  46,666,900  46,222,700  45,030,000  45,272,500  44,912,400  44,594,500  44,202,000  43,681,600  43,290,000 
Accumulated other comprehensive loss (2,758,800) (2,806,300) (2,996,400) (2,482,700) (2,663,100) (2,496,600) (2,520,100) (2,609,500) (2,508,300) (2,435,000) (2,146,500) (2,178,400) (2,236,700) (2,486,400) (2,705,000) (3,092,900) (2,622,600) (2,674,800) (2,402,600) (2,879,800) (2,607,500) (2,110,000) (2,482,000)
Common stock in treasury, at cost (67,077,100) (67,114,200) (67,133,800) (66,328,600) (64,931,900) (63,440,800) (62,414,500) (61,528,500) (60,634,300) (59,734,500) (58,107,600) (56,504,400) (55,883,100) (53,748,100) (52,818,900) (52,108,600) (50,760,900) (48,111,800) (44,752,100) (41,176,800) (39,719,400) (37,390,500) (35,733,600)
Shareholders’ equity (deficit) (8,472,100) (9,463,100) (9,293,400) (8,210,300) (8,599,200) (6,808,800) (6,550,900) (6,258,400) (6,792,600) (5,851,000) (4,718,800) (3,268,000) (3,477,600) (2,000,600) (2,030,800) (2,204,300) (1,624,100) 640,000  3,863,000  7,087,900  8,309,800  10,560,900  11,403,300 
Total liabilities and shareholders’ equity (deficit) 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).

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 increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
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 decreased from Q1 2020 to Q2 2020 but then slightly increased from Q2 2020 to Q3 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 decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 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) decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.