Stock Analysis on Net

McDonald’s Corp. (NYSE:MCD)

Balance Sheet: Assets 
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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

McDonald’s Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Cash and equivalents 1,221 792 838 4,579 3,496 1,626 3,708 2,584 2,828 1,873 2,336 4,709 4,306 3,049 3,020 3,449 3,684 3,256 5,380 899 1,177 1,135 2,289
Accounts and notes receivable 2,460 2,404 2,238 2,488 2,247 2,194 2,076 2,115 1,890 1,837 1,674 1,872 1,829 1,808 1,734 2,110 2,392 2,853 1,695 2,224 2,005 2,055 1,993
Inventories, at cost, not in excess of market 54 46 46 53 48 52 52 52 43 43 50 56 50 48 45 51 44 43 39 50 43 44 41
Prepaid expenses and other current assets 1,177 963 935 866 1,059 1,074 964 673 979 1,167 597 511 612 796 669 633 616 459 443 385 380 682 642
Current assets 4,912 4,205 4,057 7,986 6,850 4,945 6,799 5,424 5,741 4,919 4,656 7,149 6,796 5,701 5,468 6,243 6,736 6,609 7,557 3,558 3,605 3,915 4,964
Investments in and advances to affiliates 2,960 2,876 2,883 1,080 1,038 1,039 1,088 1,065 964 1,074 1,177 1,201 1,171 1,197 1,211 1,297 1,283 1,278 1,277 1,270 1,245 1,227 1,190
Goodwill 3,220 3,048 3,028 3,040 2,965 2,969 2,931 2,900 2,651 2,722 2,814 2,783 2,744 2,778 2,746 2,773 2,716 2,672 2,627 2,677 2,542 2,581 2,318
Miscellaneous 5,673 5,627 5,586 5,618 5,063 4,869 4,795 4,707 4,255 4,403 4,417 4,450 4,058 3,890 3,499 3,527 2,470 2,547 2,481 2,584 2,622 2,450 2,386
Other assets 11,853 11,551 11,497 9,738 9,066 8,876 8,813 8,672 7,870 8,200 8,408 8,433 7,974 7,864 7,456 7,598 6,469 6,497 6,386 6,532 6,409 6,257 5,894
Lease right-of-use asset, net 13,632 13,234 13,277 13,514 12,250 12,519 12,544 12,566 12,193 12,794 13,379 13,552 13,529 13,707 13,629 13,828 13,276 13,002 13,030 13,261 12,466 12,523 12,325
Property and equipment, at cost 45,178 43,846 43,432 43,570 41,967 42,131 41,487 41,038 39,097 40,114 41,773 41,917 41,424 41,536 41,082 41,477 40,089 39,137 38,352 39,051 37,748 38,192 37,774
Accumulated depreciation and amortization (19,403) (19,035) (18,750) (18,662) (18,043) (18,030) (17,629) (17,264) (16,399) (16,780) (17,338) (17,196) (16,995) (16,915) (16,532) (16,518) (15,870) (15,307) (14,756) (14,891) (14,423) (14,688) (14,491)
Net property and equipment 25,775 24,811 24,682 24,908 23,924 24,102 23,859 23,774 22,698 23,335 24,435 24,721 24,429 24,620 24,550 24,958 24,218 23,830 23,596 24,160 23,325 23,504 23,284
Long-term assets 51,260 49,596 49,456 48,160 45,239 45,497 45,216 45,011 42,761 44,329 46,221 46,706 45,931 46,192 45,635 46,384 43,963 43,330 43,011 43,953 42,200 42,284 41,502
Total assets 56,172 53,801 53,513 56,147 52,089 50,442 52,014 50,436 48,502 49,248 50,878 53,854 52,727 51,893 51,103 52,627 50,699 49,939 50,568 47,511 45,805 46,200 46,467

Based on: 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), 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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. McDonald’s Corp. current assets increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net property and equipment Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. McDonald’s Corp. net property and equipment increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. McDonald’s Corp. long-term assets increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. McDonald’s Corp. total assets increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. McDonald’s Corp. cash and equivalents decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
Accounts and notes receivable The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. McDonald’s Corp. accounts and notes receivable increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Inventories, at cost, not in excess of market Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.