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.
Paying user area
Try for free
McDonald’s Corp. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to McDonald’s Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
McDonald’s Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-06-30), 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
- These liabilities exhibit fluctuations with a notable peak in the second quarter of 2020 at 4,087 million USD, subsequently declining and showing intermittent increases, reaching 602 million USD by mid-2025. Periods of missing data suggest either non-reporting or negligible balances in some quarters.
- Accounts payable
- This liability category demonstrates a generally increasing trend from 672 million USD in early 2020 to over 1,000 million USD at the end of 2021 before stabilizing around 800-1,000 million USD through 2025, indicating growth and consistent vendor obligations.
- Dividends payable
- Available data shows the emergence of dividends payable starting in late 2020, peaking at 1,265 million USD in early 2025, which may reflect increased dividend activity or portfolio payout adjustments.
- Current lease liability
- Current lease liabilities remain relatively stable throughout the observed period, fluctuating narrowly between approximately 630 million and 720 million USD, indicating consistent lease obligations.
- Income taxes
- Income taxes payable show significant variability, with notable peaks in late 2020 (741 million USD) and sporadic high points thereafter, along with quarters of low balances such as 24 million USD in mid-2025, reflecting changing tax liabilities influenced by earnings and legal adjustments.
- Other taxes
- Other tax liabilities exhibit slight fluctuations around the 200-270 million USD range, without significant trend changes, indicating stable other tax obligations.
- Accrued interest
- Accrued interest expenses generally trend upward over time, with increases from around 300 million USD in early 2020 to near 450 million USD by mid-2025, suggesting higher borrowing costs or increased debt levels.
- Accrued payroll and other liabilities
- There is a rising trend in accrued payroll and other liabilities with occasional dips, beginning at 770 million USD in Q1 2020 and increasing to over 1,400 million USD at certain points, indicating growth in payroll-related and other accrued expenses.
- Current liabilities
- Current liabilities peaked significantly in mid-2020 at over 7,200 million USD, then fluctuated, dropping below 4,000 million USD during some periods, and rising to approximately 6,800 million USD by late 2021, before stabilizing around 4,000-6,000 million USD, reflecting volatility in short-term obligations.
- Long-term debt, excluding current maturities
- Long-term debt remains elevated and somewhat stable, ranging mostly in the 34,000 to 40,000 million USD bracket, with slight upward movement near the end of the timeframe, suggesting consistent leverage with moderate increments.
- Long-term lease liability
- This liability shows minor fluctuations, generally oscillating between 11,700 million USD and 13,700 million USD, indicating steady lease commitments over the periods.
- Long-term income taxes
- Long-term income tax liabilities decline considerably from over 2,100 million USD in early 2020 to under 300 million USD by mid-2025, evidencing significant reductions in deferred tax liabilities or adjustments in tax positions.
- Deferred revenues, initial franchise fees
- Deferred revenues linked to initial franchise fees have a modest upward trajectory from 655 million USD in early 2020 to over 900 million USD near mid-2025, indicating gradual growth in franchise fee income recognition obligations.
- Other long-term liabilities
- Other long-term liabilities show a mild downward trend from just over 1,000 million USD in 2020 to around 750 million USD in mid-2025, reflecting reductions in miscellaneous long-term obligations.
- Deferred income taxes
- Deferred income taxes fluctuate but do not show a clear long-term trend, shifting between approximately 1,400 million USD and 2,250 million USD through the periods, suggesting varying deferred tax asset/liability positions.
- Long-term liabilities
- Total long-term liabilities appear stable, ranging near the 52,000 to 58,000 million USD range, with minor increases toward the latter part of the period, indicating steady long-term financing and obligations.
- Total liabilities
- Total liabilities fluctuate moderately, peaking at approximately 62,300 million USD by mid-2025, demonstrating overall liability growth, though with some quarter-to-quarter variances.
- Common stock and additional paid-in capital
- Common stock par value remains unchanged at 17 million USD, while additional paid-in capital steadily increases from 7,714 million USD to 9,500 million USD, indicating incremental equity infusion or capital transactions.
- Retained earnings
- Retained earnings show continuous growth from over 53,000 million USD in early 2020 to over 68,000 million USD by mid-2025, reflecting accumulated profitability and reinvested earnings over time.
- Accumulated other comprehensive loss
- This account fluctuates with negative values between -2,996 million USD and -2,300 million USD, with no marked trend, indicating persistent but relatively stable other comprehensive losses.
- Treasury stock
- Treasury stock costs increase steadily in absolute terms from approximately -67,134 million USD to nearly -78,271 million USD, suggesting ongoing share repurchase activities or adjustments in treasury holdings.
- Shareholders’ equity (deficit)
- Shareholders' equity shows a negative value throughout the period, albeit with a gradual improvement from about -9,293 million USD in early 2020 to approximately -2,760 million USD by mid-2025, indicating efforts to improve net equity despite persistent deficits.
- Total liabilities and shareholders’ equity
- This total reflects the sum of liabilities and equity, fluctuating between 49,000 million USD and nearly 60,000 million USD, showing overall growth consistent with increased liabilities and improving equity positions over the observed duration.