Stock Analysis on Net
Stock Analysis on Net

McDonald’s Corp. (NYSE:MCD)

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.

McDonald’s Corp., consolidated balance sheet: liabilities and stockholders’ equity (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
Short-term borrowings and current maturities of long-term debt 2,192,400 — — 524,200 — — — — — 500,000 500,000 900,000 2,243,600 2,688,800 4,086,600 1,106,000 59,100 — — —
Accounts payable 1,102,900 862,400 806,600 811,800 980,200 794,800 739,400 718,600 1,006,800 772,600 730,900 670,000 741,300 689,000 538,400 671,900 988,200 849,500 796,800 823,600
Dividends payable — — — — — — — — — 1,027,300 — — — — — — — 934,000 — —
Current lease liability 688,100 668,100 687,200 668,700 661,100 654,900 689,600 691,900 705,500 701,500 720,400 718,400 701,500 718,200 681,200 688,600 621,000 703,300 743,400 767,900
Income taxes 705,100 535,300 385,400 795,800 274,900 386,300 503,800 593,500 360,700 259,700 281,400 718,300 741,100 364,000 302,800 234,600 331,700 277,900 270,800 339,300
Other taxes 268,000 242,200 245,000 273,000 255,100 203,600 215,900 270,700 236,700 253,500 241,200 192,000 227,000 256,600 247,400 208,900 247,500 248,100 237,900 252,800
Accrued interest 468,900 346,400 342,800 364,600 393,400 318,400 312,800 322,400 363,300 312,200 323,800 333,200 388,400 340,200 316,100 308,000 337,800 314,000 256,100 304,800
Accrued payroll and other liabilities 1,433,600 1,348,300 1,206,700 1,186,600 1,237,400 1,128,100 1,018,600 1,637,500 1,347,000 1,268,800 1,137,100 1,047,900 1,138,300 1,223,400 1,073,600 769,800 1,035,700 948,800 935,000 891,200
Current liabilities 6,859,000 4,002,700 3,673,700 4,624,700 3,802,100 3,486,100 3,480,100 4,234,600 4,020,000 5,095,600 3,934,800 4,579,800 6,181,200 6,280,200 7,246,100 3,987,800 3,621,000 4,275,600 3,240,000 3,379,600
Long-term debt, excluding current maturities 37,152,900 37,274,600 35,710,100 36,603,700 35,903,500 34,866,200 34,576,500 33,988,800 35,622,700 34,628,000 34,922,600 34,823,200 35,196,800 35,143,400 34,675,600 38,046,600 34,118,100 32,850,100 32,654,300 32,892,000
Long-term lease liability 13,057,700 11,807,200 12,074,200 12,122,600 12,134,400 11,766,800 12,319,400 12,871,800 13,020,900 12,986,600 13,119,000 13,111,000 13,321,300 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 363,200 490,600 552,700 737,100 791,900 1,085,000 1,236,100 1,889,800 1,896,800 1,878,900 1,865,200 1,963,400 1,970,700 1,957,300 1,871,300 2,158,100 2,265,900 2,219,600 2,281,800 2,138,300
Deferred revenues, initial franchise fees 790,100 767,600 769,100 760,500 757,800 727,800 733,000 743,000 738,300 720,100 714,900 702,500 702,000 679,800 664,200 655,000 660,600 640,100 639,600 629,800
Other long-term liabilities 949,700 984,200 1,041,800 1,059,400 1,051,800 990,800 1,022,800 1,092,000 1,081,000 1,046,600 1,077,200 1,056,800 1,054,100 951,500 916,700 893,900 979,600 976,500 939,200 1,017,300
Deferred income taxes 1,680,900 1,617,200 1,619,500 1,882,500 1,997,500 2,145,100 2,249,700 2,048,500 2,075,600 2,046,200 2,067,400 2,101,900 2,025,600 1,423,200 1,549,200 1,649,700 1,318,100 1,560,500 1,358,300 1,331,000
Long-term liabilities 53,994,500 52,941,400 51,767,400 53,165,800 52,636,900 51,581,700 52,137,500 52,633,900 54,435,300 53,306,400 53,766,300 53,758,800 54,270,500 52,891,200 52,155,900 55,873,600 52,100,100 50,128,600 49,768,600 49,637,900
Total liabilities 60,853,500 56,944,100 55,441,100 57,790,500 56,439,000 55,067,800 55,617,600 56,868,500 58,455,300 58,402,000 57,701,100 58,338,600 60,451,700 59,171,400 59,402,000 59,861,400 55,721,100 54,404,200 53,008,600 53,017,500
Preferred stock, no par value; issued: none — — — — — — — — — — — — — — — — — — — —
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
Additional paid-in capital 8,892,900 8,824,500 8,735,800 8,635,500 8,547,100 8,460,100 8,378,700 8,307,100 8,231,600 8,125,800 8,046,000 7,959,100 7,903,600 7,854,700 7,780,000 7,713,500 7,653,900 7,619,700 7,549,500 7,438,500
Retained earnings 63,479,900 62,649,000 61,436,600 60,235,000 59,543,900 58,752,000 57,785,100 57,614,000 57,534,700 55,897,700 55,739,000 54,483,000 53,908,100 53,492,500 52,660,800 53,106,700 52,930,500 51,359,500 51,562,500 50,928,600
Accumulated other comprehensive loss (2,456,000) (2,545,700) (2,455,600) (2,489,400) (2,486,600) (2,559,700) (2,246,400) (2,641,900) (2,573,700) (2,663,200) (2,571,200) (2,635,900) (2,586,800) (2,758,800) (2,806,300) (2,996,400) (2,482,700) (2,663,100) (2,496,600) (2,520,100)
Common stock in treasury, at cost (74,640,100) (73,799,200) (72,732,500) (72,173,800) (71,624,400) (71,235,200) (70,303,800) (69,286,600) (67,810,200) (67,051,900) (67,038,400) (67,058,300) (67,066,400) (67,077,100) (67,114,200) (67,133,800) (66,328,600) (64,931,900) (63,440,800) (62,414,500)
Shareholders’ equity (deficit) (4,706,700) (4,854,800) (4,999,100) (5,776,100) (6,003,400) (6,566,200) (6,369,800) (5,990,800) (4,601,000) (5,675,000) (5,808,000) (7,235,500) (7,824,900) (8,472,100) (9,463,100) (9,293,400) (8,210,300) (8,599,200) (6,808,800) (6,550,900)
Total liabilities and shareholders’ equity (deficit) 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).

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. current liabilities increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. McDonald’s Corp. long-term liabilities increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. total liabilities increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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 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. shareholders’ equity (deficit) increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.