Balance Sheet: Liabilities and Stockholders’ Equity
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.
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.
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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
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McDonald’s Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).
- Short-term borrowings and current maturities of long-term debt
- The values showed significant volatility, with a peak at 4,087 million US$ in June 2020 followed by a decline and a period of missing data. Renewed activity appears in late 2023 and early 2024, but with fluctuating amounts generally below 2,200 million US$.
- Accounts payable
- Accounts payable recorded a generally upward trajectory from approximately 670 million US$ early in 2020 to a high above 1,100 million US$ by the end of 2023, indicating an increase in outstanding obligations to suppliers over time.
- Dividends payable
- Dividends payable data is sporadic, appearing only with values around 1,027 million US$ in 2021 and reaching 1,265 million US$ in early 2024, signaling intermittent reporting or dividend payout events.
- Current lease liability
- Current lease liabilities remained relatively stable through the analyzed periods, fluctuating narrowly between roughly 630 million US$ and 720 million US$, suggesting steady short-term lease commitments.
- Income taxes
- Income taxes exhibited considerable fluctuations, with peaks in the fourth quarter of 2020 and early 2024 exceeding 700 million US$, interspersed with lower tax payments, reflecting variable taxable income or tax planning activities.
- Other taxes
- Other taxes were relatively stable, mostly ranging between 190 million US$ and 280 million US$, indicating consistent periodic tax obligations outside income taxes.
- Accrued interest
- Accrued interest showed an overall gradual increase, rising from around 300 million US$ in early 2020 to peak near 480 million US$ by late 2024, which may reflect changes in debt levels or interest rates.
- Accrued payroll and other liabilities
- This category demonstrated volatility, with an initial increase reaching over 1,600 million US$ in early 2021, followed by declines and renewed fluctuations in 2022 and beyond, highlighting variable employee-related and other accrued expenses.
- Current liabilities
- Current liabilities displayed significant volatility, moving between approximately 3,400 million US$ and 7,000 million US$ across quarters, indicating changing short-term financial obligations and operational liquidity conditions.
- Long-term debt, excluding current maturities
- Long-term debt remained relatively stable around 34,000 to 39,000 million US$, with modest fluctuations, suggesting consistent leverage with slight increases toward the end of the period.
- Long-term lease liability
- Long-term lease liabilities hovered steadily between 12,000 million US$ and 13,300 million US$, demonstrating ongoing long-term lease commitments with minor decreases and recoveries.
- Long-term income taxes
- Long-term income taxes showed a marked declining trend from approximately 2,150 million US$ in early 2020 to under 400 million US$ in 2024, reflecting significant reductions in deferred tax liabilities.
- Deferred revenues, initial franchise fees
- Deferred revenue from initial franchise fees exhibited a gradual increase from 655 million US$ to above 900 million US$ toward early 2025, indicating growing franchise-related advance payments.
- Other long-term liabilities
- Other long-term liabilities decreased steadily over the period from around 890 million US$ to about 750 million US$, suggesting reductions in miscellaneous long-term obligations.
- Deferred income taxes
- Deferred income taxes showed variable trends, peaking around 2,250 million US$ and declining in some quarters down to 1,160 million US$, indicating changes in deferred tax assets and liabilities over time.
- Long-term liabilities
- Total long-term liabilities remained broadly steady around 52,000 to 55,000 million US$, with minor fluctuations reflecting the net effect of various long-term debt and liability components.
- Total liabilities
- Total liabilities displayed a generally downward movement from 59,861 million US$ early 2020 to a low near 55,000 million US$ between 2022 and early 2023, followed by a rebound to above 61,000 million US$ in late 2024, indicating variable debt and obligations levels over the analyzed period.
- Common stock and Additional paid-in capital
- Common stock remained constant at 17 million US$, while additional paid-in capital showed steady incremental growth from about 7,700 million US$ to over 9,400 million US$, reflecting ongoing equity financing or share-related transactions.
- Retained earnings
- Retained earnings increased consistently from around 53,100 million US$ to above 67,400 million US$, indicating accumulation of profits retained in the business over the period.
- Accumulated other comprehensive loss
- Accumulated other comprehensive loss fluctuated around negative 2,500 million US$, showing some periods of reduced loss but generally remaining at similar levels, highlighting persistent unrealized losses or valuation changes.
- Common stock in treasury
- Common stock held in treasury expanded significantly from approximately negative 67,100 million US$ to nearly negative 77,800 million US$, signaling substantial share repurchases or buybacks.
- Shareholders’ equity (deficit)
- Shareholders’ equity was negative throughout the period but showed phases of improvement and deterioration, initially at negative 9,200 million US$ improving toward negative 3,400 million US$ by early 2025, indicating fluctuations in net assets influenced by retained earnings growth and treasury stock increases.
- Total liabilities and shareholders’ equity
- This aggregate figure fluctuated moderately between about 49,000 million US$ and 56,000 million US$, reflecting the combined variations in liabilities and equity over time.