Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can you please help me balance this balance sheet. I am unable to balance - mostly identify the total liabilities. McDonald's Corp (NYS: MCD) As
can you please help me balance this balance sheet. I am unable to balance - mostly identify the total liabilities.
McDonald's Corp (NYS: MCD) | |
As Reported Annual Balance Sheet | |
Report Date | 12/31/2019 |
Scale | Thousands |
Cash & equivalents | 898,500 |
Accounts & notes receivable | 2,224,200 |
Inventories, at cost, not in excess of market | 50,200 |
Prepaid expenses & other current assets | 385,000 |
Total current assets | 3,557,900 |
Investments in & advances to affiliates | 1,270,300 |
Goodwill | 2,677,400 |
Miscellaneous assets | 2,584,000 |
Total other assets | 6,531,700 |
Lease right-of-use asset, net | 13,261,200 |
Land | 6,026,400 |
Buildings & improvements on owned land | 17,003,700 |
Buildings & improvements on leased land | 12,605,900 |
Equipment, signs & seating | 2,994,500 |
Other property & equipment | 420,400 |
Property & equipment, at cost | 39,050,900 |
Accumulated depreciation & amortization | 14,890,900 |
Net property & equipment | 24,160,000 |
Total assets | 47,510,800 |
Accounts payable | 988,200 |
Lease liability | 621,000 |
Income taxes | 331,700 |
Other taxes | 247,500 |
Accrued interest | 337,800 |
Accrued payroll & other liabilities | 1,035,700 |
Current maturities of long-term debt | 59,100 |
Total current liabilities | 3,621,000 |
U.S. dollars currency debt obligations | 21,389,500 |
Euro currency debt obligations | 9,008,800 |
Australian dollar debt obligations | 981,600 |
British Pounds Sterling currency debt obligations | 1,386,300 |
Canadian Dollar currency debt obligations | 768,600 |
Japanese Yen currency debt obligations | 115,100 |
Other currencies debt obligations | 655,600 |
Debt obligations before fair value adjustments | 34,305,500 |
Fair value adjustments | 12,100 |
Less: current portion | 59,100 |
Deferred debt costs | (140,400) |
Long-term debt | 34,118,100 |
Long-term lease liability | 12,757,800 |
Long-term income taxes | 2,265,900 |
Deferred revenues - initial franchise fees | 660,600 |
Other long-term liabilities | 979,600 |
Deferred income taxes | 1,318,100 |
Common stock | 16,600 |
Additional paid-in capital | 7,653,900 |
Retained earnings | 52,930,500 |
Accumulated other comprehensive income (loss) | (2,482,700) |
Common stock in treasury, at cost | 66,328,600 |
Total shareholders' equity (deficit) | (8,210,300) |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started