McDonalds 2007 Annual Report Download - page 47

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CONSOLIDATED BALANCE SHEET
IN MILLIONS, EXCEPT PER SHARE DATA
December 31, 2007 2006
ASSETS
Current assets
Cash and equivalents $ 1,981.3 $ 2,128.1
Accounts and notes receivable 1,053.8 806.9
Inventories, at cost, not in excess of market 125.3 112.4
Prepaid expenses and other current assets 421.5 318.6
Assets of businesses held for sale 1,631.5
Discontinued operations 194.7
Total current assets 3,581.9 5,192.2
Other assets
Investments in and advances to affi liates 1,156.4 1,035.4
Goodwill, net 2,301.3 2,073.6
Miscellaneous 1,367.4 1,235.2
Total other assets 4,825.1 4,344.2
Property and equipment
Property and equipment, at cost 32,203.7 29,722.9
Accumulated depreciation and amortization (11,219.0) (10,284.8)
Net property and equipment 20,984.7 19,438.1
Total assets $ 29,391.7 $ 28,974.5
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Notes payable $ 1,126.6 $ —
Accounts payable 624.1 668.7
Income taxes — 241.9
Other taxes 248.0 203.2
Accrued interest 148.4 135.0
Accrued payroll and other liabilities 1,486.9 1,324.5
Current maturities of long-term debt 864.5 17.7
Liabilities of businesses held for sale 273.8
Discontinued operations 86.8
Total current liabilities 4,498.5 2,951.6
Long-term debt 7,310.0 8,389.9
Other long-term liabilities 1,342.5 1,098.4
Deferred income taxes 960.9 1,076.3
Shareholders’ equity
Preferred stock, no par value; authorized – 165.0 million shares; issued – none
Common stock, $.01 par value; authorized – 3.5 billion shares; issued – 1,660.6 million shares 16.6 16.6
Additional paid-in capital 4,226.7 3,445.0
Retained earnings 26,461.5 25,845.6
Accumulated other comprehensive income (loss) 1,337.4 (296.7)
Common stock in treasury, at cost; 495.3 and 456.9 million shares (16,762.4) (13,552.2)
Total shareholders’ equity 15,279.8 15,458.3
Total liabilities and shareholders’ equity $ 29,391.7 $ 28,974.5
See Notes to consolidated fi nancial statements.
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