McDonald's Corporation (MCD) Financial Statements (2024 and earlier)

Company Profile

Business Address 110 NORTH CARPENTER STREET
CHICAGO, IL 60607
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5812 - Eating Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5844,7093,4498998662,464
Cash and cash equivalents2,5844,7093,4498998662,464
Receivables2,1151,8722,1102,2242,4421,976
Inventory, net of allowances, customer advances and progress billings525651505159
Inventory525651505159
Disposal group, including discontinued operation      174
Other undisclosed current assets673511633385695654
Total current assets:5,4247,1496,2433,5584,0535,327
Noncurrent Assets
Operating lease, right-of-use asset12,56613,55213,82813,261
Property, plant and equipment23,77424,72124,95824,16022,84322,448
Long-term investments and receivables1,0651,2011,2971,2701,2031,086
Long-term investments1,0651,2011,2971,2701,2031,086
Intangible assets, net (including goodwill)2,9002,7832,7732,6772,3322,380
Goodwill2,9002,7832,7732,6772,3322,380
Other noncurrent assets4,7074,4503,5272,5842,3812,563
Total noncurrent assets:45,01146,70646,38443,95328,75828,477
TOTAL ASSETS:50,43653,85452,62747,51132,81133,804
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9041,9682,0981,9051,9871,744
Interest and dividends payable393363388338297278
Taxes payable530597968579482541
Accounts payable9801,0077419881,208925
Accrued liabilities      
Debt   2,244680  
Other undisclosed current liabilities1,8992,0531,8401,0369871,146
Total current liabilities:3,8024,0206,1813,6212,9742,891
Noncurrent Liabilities
Long-term debt and lease obligation35,90448,64448,51846,87631,07529,536
Long-term debt, excluding current maturities35,90435,62335,19734,11831,07529,536
Liabilities, other than long-term debt16,7335,7925,7523,9065,0214,645
Deferred revenue and credits628 
Accounts payable and accrued liabilities7921,8971,9712,2662,0812,371
Deferred revenue758738702661
Deferred tax liabilities, net1,2161,119
Deferred income tax liabilities1,9982,0762,026 
Other liabilities1,0521,0811,0549801,0961,154
Operating lease, liability12,13413,02113,32112,758
Total noncurrent liabilities:52,63754,43554,27150,78236,09634,181
Total liabilities:56,43958,45560,45254,40339,07037,072
Equity
Equity, attributable to parent(6,003)(4,601)(7,825)(8,210)(6,258)(3,268)
Common stock171717171717
Treasury stock, value(71,624)(67,810)(67,066)(66,329)(61,529)(56,504)
Additional paid in capital8,5478,2327,9047,6547,3767,072
Accumulated other comprehensive loss(2,487)(2,574)(2,587)(2,483)(2,610)(2,178)
Retained earnings59,54457,53553,90852,93150,48748,326
Total equity:(6,003)(4,601)(7,825)(8,210)(6,258)(3,268)
Other undisclosed liabilities and equity    1,318  
TOTAL LIABILITIES AND EQUITY:50,43653,85452,62747,51132,81133,804

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues23,18323,22319,20821,07721,02522,820
Revenue, net21,02522,820
Cost of revenue(11,319)(10,489)(9,639)(9,777)(10,002)(11,036)
Cost of goods and services sold    (1,973)(1,790)
Gross profit:11,86312,7349,56911,29911,02311,784
Operating expenses(2,492)(2,378)(2,245)(2,229)(2,200)(2,231)
Other operating income (expense), net(974)4831181842371,163
Other expenses(245)(260)(267)   
Other undisclosed operating income (loss)974(483)(118)(184)(237)(1,163)
Operating income:9,37110,3567,3249,0708,8239,553
Nonoperating income (expense)(339)(42)3570(25)(58)
Investment income, nonoperating537     
Interest and debt expense(1,207)(1,186)(1,218)(1,122)(981)(921)
Income from continuing operations before income taxes:7,8259,1286,1418,0187,8168,574
Income tax expense(1,648)(1,583)(1,410)(1,993)(1,892)(3,381)
Income from continuing operations:6,1777,5454,7316,0255,9245,192
Income before gain (loss) on sale of properties:7,5454,7316,0255,9245,192
Net income available to common stockholders, diluted:6,1777,5454,7316,0255,9245,192

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:6,1777,5454,7316,0255,9245,192
Other comprehensive income (loss)8713(104)127(431)915
Comprehensive income, net of tax, attributable to parent:6,2657,5584,6266,1525,4936,107

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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