McDonalds 2008 Annual Report Download - page 43

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CONSOLIDATED BALANCE SHEET
In millions, except per share data December 31, 2008 2007
ASSETS
Current assets
Cash and equivalents $ 2,063.4 $ 1,981.3
Accounts and notes receivable 931.2 1,053.8
Inventories, at cost, not in excess of market 111.5 125.3
Prepaid expenses and other current assets 411.5 421.5
Total current assets 3,517.6 3,581.9
Other assets
Investments in and advances to affiliates 1,222.3 1,156.4
Goodwill 2,237.4 2,301.3
Miscellaneous 1,229.7 1,367.4
Total other assets 4,689.4 4,825.1
Property and equipment
Property and equipment, at cost 31,152.4 32,203.7
Accumulated depreciation and amortization (10,897.9) (11,219.0)
Net property and equipment 20,254.5 20,984.7
Total assets $ 28,461.5 $ 29,391.7
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Notes payable $ 1,126.6
Accounts payable $ 620.4 624.1
Other taxes 252.7 248.0
Accrued interest 173.8 148.4
Accrued payroll and other liabilities 1,459.2 1,486.9
Current maturities of long-term debt 31.8 864.5
Total current liabilities 2,537.9 4,498.5
Long-term debt 10,186.0 7,310.0
Other long-term liabilities 1,410.1 1,342.5
Deferred income taxes 944.9 960.9
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 4,600.2 4,226.7
Retained earnings 28,953.9 26,461.5
Accumulated other comprehensive income 101.3 1,337.4
Common stock in treasury, at cost; 545.3 and 495.3 million shares (20,289.4) (16,762.4)
Total shareholders’ equity 13,382.6 15,279.8
Total liabilities and shareholders’ equity $ 28,461.5 $ 29,391.7
See Notes to consolidated financial statements.
McDonald’s Corporation Annual Report 2008 41