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28 | McDonald’s Corporation 2013 Annual Report
Consolidated Balance Sheet
In millions, except per share data December 31, 2013 2012
ASSETS
Current assets
Cash and equivalents $ 2,798.7 $ 2,336.1
Accounts and notes receivable 1,319.8 1,375.3
Inventories, at cost, not in excess of market 123.7 121.7
Prepaid expenses and other current assets 807.9 1,089.0
Total current assets 5,050.1 4,922.1
Other assets
Investments in and advances to affiliates 1,209.1 1,380.5
Goodwill 2,872.7 2,804.0
Miscellaneous 1,747.1 1,602.7
Total other assets 5,828.9 5,787.2
Property and equipment
Property and equipment, at cost 40,355.6 38,491.1
Accumulated depreciation and amortization (14,608.3) (13,813.9)
Net property and equipment 25,747.3 24,677.2
Total assets $ 36,626.3 $ 35,386.5
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 1,086.0 $ 1,141.9
Income taxes 215.5 298.7
Other taxes 383.1 370.7
Accrued interest 221.6 217.0
Accrued payroll and other liabilities 1,263.8 1,374.8
Total current liabilities 3,170.0 3,403.1
Long-term debt 14,129.8 13,632.5
Other long-term liabilities 1,669.1 1,526.2
Deferred income taxes 1,647.7 1,531.1
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 5,994.1 5,778.9
Retained earnings 41,751.2 39,278.0
Accumulated other comprehensive income 427.6 796.4
Common stock in treasury, at cost; 670.2 and 657.9 million shares (32,179.8) (30,576.3)
Total shareholders’ equity 16,009.7 15,293.6
Total liabilities and shareholders’ equity $ 36,626.3 $ 35,386.5
See Notes to consolidated financial statements.