McDonald's Corporation (MCD) Financial Statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,7093,4498998662,4641,2237,686
Cash and cash equivalents4,7093,4498998662,4641,2237,686
Receivables1,8722,1102,2242,4421,9761,4741,299
Inventory, net of allowances, customer advances and progress billings565150515959100
Inventory565150515959100
Disposal group, including discontinued operation    1741,527 
Other undisclosed current assets511633385695654565559
Total current assets:7,1496,2433,5584,0535,3274,8499,643
Noncurrent Assets
Operating lease, right-of-use asset13,55213,82813,261
Property, plant and equipment24,72124,95824,16022,84322,44821,25823,118
Long-term investments and receivables1,2011,2971,2701,2031,086726793
Long-term investments1,2011,2971,2701,2031,086726793
Intangible assets, net (including goodwill)2,7832,7732,6772,3322,3802,3372,516
Goodwill2,7832,7732,6772,3322,3802,3372,516
Other noncurrent assets4,4503,5272,5842,3812,5631,8551,869
Total noncurrent assets:46,70646,38443,95328,75828,47726,17528,296
TOTAL ASSETS:53,85452,62747,51132,81133,80431,02437,939
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9682,0981,9051,9871,7441,5371,572
Accounts payable1,0077419881,208925756875
Taxes payable597968579482541534464
Interest and dividends payable363388338297278248233
Debt 2,244680  77 
Disposal group, including discontinued operation     695 
Other undisclosed current liabilities2,0531,8401,0369871,1461,1591,379
Total current liabilities:4,0206,1813,6212,9742,8913,4682,950
Noncurrent Liabilities
Long-term debt and lease obligation48,64448,51846,87631,07529,53625,87924,122
Long-term debt, excluding current maturities35,62335,19734,11831,07529,53625,87924,122
Operating lease, liability13,02113,32112,758
Liabilities, other than long-term debt5,7925,7523,9065,0214,6453,8813,778
Deferred revenue and credits628   
Accounts payable and accrued liabilities1,8971,9712,2662,0812,371  
Deferred revenue738702661
Deferred tax liabilities, net1,2161,1191,8171,704
Deferred income tax liabilities2,0762,026 
Other liabilities1,0811,0549801,0961,1542,0642,074
Total noncurrent liabilities:54,43554,27150,78236,09634,18129,76027,900
Total liabilities:58,45560,45254,40339,07037,07233,22830,851
Stockholders' equity
Stockholders' equity attributable to parent(4,601)(7,825)(8,210)(6,258)(3,268)(2,204)7,088
Common stock17171717171717
Treasury stock, value(67,810)(67,066)(66,329)(61,529)(56,504)(52,109)(41,177)
Additional paid in capital8,2327,9047,6547,3767,0726,7586,533
Accumulated other comprehensive loss(2,574)(2,587)(2,483)(2,610)(2,178)(3,093)(2,880)
Retained earnings57,53553,90852,93150,48748,32646,22344,595
Total stockholders' equity:(4,601)(7,825)(8,210)(6,258)(3,268)(2,204)7,088
Other undisclosed liabilities and equity  1,318    
TOTAL LIABILITIES AND EQUITY:53,85452,62747,51132,81133,80431,02437,939

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues23,22319,20821,07721,02522,82024,62225,413
Revenue, net21,02522,82024,62225,413
Cost of revenue(10,489)(9,639)(9,777)(10,002)(11,036)(14,493)(15,833)
Cost of goods and services sold   (1,973)(1,790)(1,718)(1,647)
Gross profit:12,7349,56911,29911,02311,78410,1299,580
Operating expenses(2,378)(2,245)(2,229)(2,200)(2,231)(2,385)(2,434)
Other operating income (expense), net4831181842371,163(76)(209)
Other expenses(260)(267)     
Other undisclosed operating income (loss)(483)(118)(184)(237)(1,163)76209
Operating income:10,3567,3249,0708,8239,5537,7457,146
Nonoperating income (expense)(42)3570(25)(58)649
Interest and debt expense(1,186)(1,218)(1,122)(981)(921)(885)(638)
Income from continuing operations before income taxes:9,1286,1418,0187,8168,5746,8666,556
Income tax expense(1,583)(1,410)(1,993)(1,892)(3,381)(2,180)(2,026)
Net income available to common stockholders, diluted:7,5454,7316,0255,9245,1924,6874,529

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:7,5454,7316,0255,9245,1924,6874,529
Other comprehensive income (loss)13(104)127(431)915(213)(1,360)
Comprehensive income, net of tax, attributable to parent:7,5584,6266,1525,4936,1074,4733,169

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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