McDonalds 2014 Annual Report Download - page 37

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McDonald’s Corporation 2014 Annual Report 31
Consolidated Balance Sheet
In millions, except per share data December 31, 2014 2013
ASSETS
Current assets
Cash and equivalents $ 2,077.9 $ 2,798.7
Accounts and notes receivable 1,214.4 1,319.8
Inventories, at cost, not in excess of market 110.0 123.7
Prepaid expenses and other current assets 783.2 807.9
Total current assets 4,185.5 5,050.1
Other assets
Investments in and advances to affiliates 1,004.5 1,209.1
Goodwill 2,735.3 2,872.7
Miscellaneous 1,798.6 1,747.1
Total other assets 5,538.4 5,828.9
Property and equipment
Property and equipment, at cost 39,126.1 40,355.6
Accumulated depreciation and amortization (14,568.6) (14,608.3)
Net property and equipment 24,557.5 25,747.3
Total assets $ 34,281.4 $ 36,626.3
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 860.1 $ 1,086.0
Income taxes 166.8 215.5
Other taxes 330.0 383.1
Accrued interest 233.7 221.6
Accrued payroll and other liabilities 1,157.3 1,263.8
Total current liabilities 2,747.9 3,170.0
Long-term debt 14,989.7 14,129.8
Other long-term liabilities 2,065.9 1,669.1
Deferred income taxes 1,624.5 1,647.7
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 6,239.1 5,994.1
Retained earnings 43,294.5 41,751.2
Accumulated other comprehensive income (1,519.7) 427.6
Common stock in treasury, at cost; 697.7 and 670.2 million shares (35,177.1) (32,179.8)
Total shareholders’ equity 12,853.4 16,009.7
Total liabilities and shareholders’ equity $ 34,281.4 $ 36,626.3
See Notes to consolidated financial statements.