McDonald's Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	774	1,085	4,579	2,584	4,709
Trading Asset Securities	-	34	4	-	0.3
Cash & Short-Term Investments	774	1,119	4,583	2,584	4,710
Cash Growth	-30.83%	-75.58%	77.37%	-45.14%	36.54%
Accounts Receivable	2,466	2,383	2,488	2,115	1,872
Other Receivables	-	-	-	-	332
Receivables	2,466	2,383	2,488	2,115	2,204
Inventory	61	56	53	52	55.6
Prepaid Expenses	509	780	847	419.6	126.6
Other Current Assets	353	261	15	253.8	52.4
Total Current Assets	4,163	4,599	7,986	5,424	7,149
Property, Plant & Equipment	42,847	38,634	38,422	36,339	38,273
Long-Term Investments	2,820	2,710	1,080	1,065	1,210
Goodwill	3,354	3,145	3,040	2,900	2,783
Other Intangible Assets	1,061	907	836	864.3	795
Long-Term Deferred Tax Assets	3,256	3,543	3,023	2,477	2,357
Other Long-Term Assets	2,014	1,644	1,760	1,366	1,289
Total Assets	59,515	55,182	56,147	50,436	53,854
Accounts Payable	1,149	1,029	1,103	980.2	1,007
Accrued Expenses	2,151	1,828	2,125	1,866	1,944
Current Portion of Long-Term Debt	-	6	2,196	-	-
Current Portion of Leases	694	636	688	661.1	705.5
Current Income Taxes Payable	250	361	705	274.9	360.7
Other Current Liabilities	117	1	42	19.5	3.3
Total Current Liabilities	4,361	3,861	6,859	3,802	4,020
Long-Term Debt	39,989	38,458	37,211	35,995	35,627
Long-Term Leases	14,147	12,888	13,058	12,134	13,021
Long-Term Unearned Revenue	945	778	790	757.8	738.3
Pension & Post-Retirement Benefits	421	413	403	-	-
Long-Term Deferred Tax Liabilities	1,038	1,914	1,681	1,998	2,076
Other Long-Term Liabilities	405	667	852	1,752	2,974
Total Liabilities	61,306	58,979	60,854	56,439	58,455
Common Stock	17	17	17	16.6	16.6
Additional Paid-In Capital	9,641	9,281	8,893	8,547	8,232
Retained Earnings	70,282	66,834	63,480	59,544	57,535
Treasury Stock	-79,316	-77,375	-74,640	-71,624	-67,810
Comprehensive Income & Other	-2,415	-2,554	-2,457	-2,487	-2,574
Shareholders' Equity	-1,791	-3,797	-4,707	-6,003	-4,601
Total Liabilities & Equity	59,515	55,182	56,147	50,436	53,854
Total Debt	54,830	51,988	53,153	48,791	49,353
Net Cash (Debt)	-54,056	-50,869	-48,570	-46,207	-44,644
Net Cash Per Share	-75.46	-70.47	-66.33	-62.33	-59.38
Filing Date Shares Outstanding	710.4	714.46	722.05	731.5	743.58
Total Common Shares Outstanding	711	715.2	722.7	730.73	744.8
Working Capital	-198	738	1,127	1,622	3,129
Book Value Per Share	-2.52	-5.31	-6.51	-8.22	-6.18
Tangible Book Value	-6,206	-7,849	-8,583	-9,768	-8,179
Tangible Book Value Per Share	-8.73	-10.97	-11.88	-13.37	-10.98
Land	8,169	7,253	7,081	6,686	6,488
Buildings	37,708	33,904	33,382	31,426	31,949
Machinery	2,954	2,586	2,693	2,499	3,032

Source: S&P Global Market Intelligence. Standard template. Financial Sources.