McDonald's Corporation (MCD) Financial Statements (2025 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)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0854,5792,5844,7093,449899
Cash and cash equivalent1,0854,5792,5844,7093,449899
Receivables2,3832,4882,1151,8722,1102,224
Inventory, net of allowances, customer advances and progress billings565352565150
Inventory565352565150
Other undisclosed current assets1,075866673511633385
Total current assets:4,5997,9865,4247,1496,2433,558
Noncurrent Assets
Operating lease, right-of-use asset  12,56613,55213,82813,261
Property, plant and equipment25,29524,90823,77424,72124,95824,160
Long-term investments and receivables2,7101,0801,0651,2011,2971,270
Long-term investments2,7101,0801,0651,2011,2971,270
Intangible assets, net (including goodwill)3,1453,0402,9002,7832,7732,677
Goodwill3,1453,0402,9002,7832,7732,677
Other noncurrent assets6,0955,6184,7074,4503,5272,584
Other undisclosed noncurrent assets13,33813,514    
Total noncurrent assets:50,58348,16045,01146,70646,38443,953
TOTAL ASSETS:55,18256,14750,43653,85452,62747,511
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0962,5451,9041,9682,0981,905
Interest and dividends payable393363388338
Taxes payable530597968579
Accounts payable1,0291,1039801,007741988
Accrued liabilities1,0671,442    
Debt8012,192  2,244680
Other undisclosed current liabilities9642,1221,8992,0531,8401,036
Total current liabilities:3,8616,8593,8024,0206,1813,621
Noncurrent Liabilities
Long-term debt and lease obligation40,19437,15335,90448,64448,51846,876
Long-term debt, excluding current maturities38,42437,15335,90435,62335,19734,118
Finance lease, liability 1,770     
Liabilities, other than long-term debt3,8073,78416,7335,7925,7523,906
Accounts payable and accrued liabilities3443637921,8971,9712,266
Deferred revenue778790758738702661
Deferred income tax liabilities1,9141,6811,9982,0762,026 
Other liabilities7719501,0521,0811,054980
Operating lease, liability  12,13413,02113,32112,758
Total noncurrent liabilities:44,00140,93752,63754,43554,27150,782
Total liabilities:47,86247,79656,43958,45560,45254,403
Equity
Equity, attributable to parent, including:(3,797)(4,707)(6,003)(4,601)(7,825)(8,210)
Common stock171717171717
Treasury stock, value(77,375)(74,640)(71,624)(67,810)(67,066)(66,329)
Additional paid in capital9,2818,8938,5478,2327,9047,654
Accumulated other comprehensive loss(2,553)(2,456)(2,487)(2,574)(2,587)(2,483)
Retained earnings66,83463,48059,54457,53553,90852,931
Other undisclosed equity, attributable to parent (1)     
Total equity:(3,797)(4,707)(6,003)(4,601)(7,825)(8,210)
Other undisclosed liabilities and equity 11,11713,058   1,318
TOTAL LIABILITIES AND EQUITY:55,18256,14750,43653,85452,62747,511

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

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues25,92025,49423,18323,22319,20821,077
Cost of revenue(14,208)(11,412)(11,319)(10,489)(9,639)(9,777)
Cost of product and service sold      
Gross profit:11,71214,08211,86312,7349,56911,299
Operating expenses (2,435)(2,492)(2,378)(2,245)(2,229)
Other operating income (expense), net(139)(99)(974)483118184
Other expenses(339)(233)(245)(260)(267) 
Other undisclosed operating income (loss)13999974(483)(118)(184)
Operating income:11,71211,6479,37110,3567,3249,070
Nonoperating income (expense)139236(339)(42)3570
Investment income, nonoperating525568537   
Interest and debt expense  (1,361)(1,207)(1,186)(1,218)(1,122)
Income from continuing operations before income taxes:11,85110,5227,8259,1286,1418,018
Income tax expense(2,121)(2,053)(1,648)(1,583)(1,410)(1,993)
Income from continuing operations:9,7308,4696,1777,5454,7316,025
Income before gain (loss) on sale of properties:7,5454,7316,025
Net income:9,7308,4696,1777,5454,7316,025
Other undisclosed net loss attributable to parent(1,507)     
Net income available to common stockholders, diluted:8,2238,4696,1777,5454,7316,025

Comprehensive Income ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:9,7308,4696,1777,5454,7316,025
Other comprehensive income (loss)(96)318713(104)127
Comprehensive income:9,6348,4996,2657,5584,6266,152
Other undisclosed comprehensive loss, net of tax, attributable to parent(1,507)     
Comprehensive income, net of tax, attributable to parent:8,1278,4996,2657,5584,6266,152

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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