McDonald's Files Q3 2024 10-Q

TL;DR

McDonald's Q3 2024 10-Q is in. Check financials for latest performance.

AI Summary

McDonald's Corporation filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter of 2024, detailing financial performance and operational updates. Key financial data and balance sheet information for the periods ending September 30, 2024, and December 31, 2023, are presented.

Why It Matters

This filing provides investors and analysts with the latest financial results and disclosures for McDonald's, crucial for understanding the company's performance and outlook.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing from a large, established public company.

Key Numbers

• 2024-09-30 — Period End Date (Latest financial reporting period)
• 2023-12-31 — Prior Year End Date (Comparison point for financial statements)
• 2024-07-01 — Q3 Start Date (Beginning of the current quarter)
• 2024-09-30 — Q3 End Date (End of the current quarter)

Key Players & Entities

• MCDONALDS CORP (company) — Filer
• 20240930 (date) — Period of Report
• 20241107 (date) — Filing Date
• CHICAGO (location) — Business Address City

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value MCD New York Stock Exchange

Filing Documents

• mcd-20240930.htm (10-Q) — 1526KB
• mcd-9302024xex31110xq.htm (EX-31.1) — 10KB
• mcd-9302024xex31210xq.htm (EX-31.2) — 10KB
• mcd-9302024xex32110xq.htm (EX-32.1) — 3KB
• mcd-9302024xex32210xq.htm (EX-32.2) — 3KB
• 10Q09302024.pdf (10-Q) — 571KB
• 0000063908-24-000156.txt ( ) — 6008KB
• mcd-20240930.xsd (EX-101.SCH) — 32KB
• mcd-20240930_cal.xml (EX-101.CAL) — 57KB
• mcd-20240930_def.xml (EX-101.DEF) — 124KB
• mcd-20240930_lab.xml (EX-101.LAB) — 389KB
• mcd-20240930_pre.xml (EX-101.PRE) — 266KB
• mcd-20240930_htm.xml (XML) — 627KB

Financial Information

Part I. Financial Information

– Financial Statements

Item 1 – Financial Statements Condensed Consolidated Balance Sheet, September 30, 202 4 (unaudited) and December 31, 2 023 3 Condensed Consolidated Statement of Income (unaudited), quarters and nine months ended September 30, 202 4 and 20 23 4 Condensed Consolidated Statement of Comprehensive Income (unaudited), quarters and nine months ended September 30, 202 4 and 2 0 23 5 Condensed Consolidated Statement of Cash Flows (unaudited), quarters and nine months ended September 30, 202 4 and 20 23 6 Condensed Consolidated Statement of Shareholders' Equity (unaudited), quarters and nine months ended September 30, 202 4 and 20 23 7 Notes to Condensed Consolidated Financial Statements (unaudited) 9

– Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2 – Management's Discussion and Analysis of Financial Condition and Results of Operations 16

– Quantitative and Qualitative Disclosures About Market Risk

Item 3 – Quantitative and Qualitative Disclosures About Market Risk 39

– Controls and Procedures

Item 4 – Controls and Procedures 39

Other Information

Part II. Other Information

– Legal Proceedings

Item 1 – Legal Proceedings 40

– Risk Factors

Item 1A – Risk Factors 40

– Unregistered Sales of Equity Securities and Use of Proceeds

Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds 40

– Other Information

Item 5 – Other Information 42

– Exhibits

Item 6 – Exhibits 41 Signature 43 All trademarks used herein are the property of their respective owners and are used with permission. 2 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements CONDENSED CONSOLIDATED BALANCE SHEET (unaudited) In millions, except per share data September 30, 2024 December 31, 2023 Assets Current assets Cash and equivalents $ 1,221 $ 4,579 Accounts and notes receivable 2,460 2,488 Inventories, at cost, not in excess of market 54 53 Prepaid expenses and other current assets 1,176 866 Total current assets 4,912 7,986 Other assets Investments in and advances to affiliates 2,960 1,080 Goodwill 3,220 3,040 Miscellaneous 5,673 5,618 Total other assets 11,853 9,738 Lease right-of-use asset, net 13,632 13,514 Property and equipment Property and equipment, at cost 45,178 43,570 Accumulated depreciation and amortization ( 19,403 ) ( 18,662 ) Net property and equipment 25,775 24,908 Total assets $ 56,172 $ 56,147 Liabilities and shareholders' equity Current liabilities Short-term borrowings and current maturities of long-term debt $ 596 $ 2,192 Accounts payable 944 1,103 Dividend Payable 1,265 — Lease liability 668 688 Income taxes 786 705 Other taxes 263 268 Accrued interest 433 469 Accrued payroll and other liabilities 1,353 1,434 Total current liabilities 6,308 6,859 Long-term debt 38,990 37,153 Long-term lease liability 13,157 13,058 Long-term income taxes 74 363 Deferred revenues - initial franchise fees 800 790 Other long-term liabilities 855 950 Deferred income taxes 1,166 1,681 Shareholders' equity (deficit) Preferred stock, no par value; authorized – 165.0 million shares; issued – none — — Common stock, $ 0.01 par value; authorized – 3.5 billion shares; issued – 1,660.6 million shares 17 17 Additional paid-in capital 9,194 8,893 Retained earnings 64,819 63,480 Accumulated other comprehensive income (loss) ( 2,337 ) ( 2,456 ) Common stock in treasury, at cost; 944.0 and 937.9 million shares ( 76,870 ) ( 74,640 ) Total shareholders' equity (deficit) ( 5,177 ) ( 4,707 ) Total liabilities and shareholders' equity (deficit) $ 56,172 $ 56,147 See No

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