McDonald’s 10-K SEC Report
Intermediate Accounting III

TABLE OF CONTENTS

Introduction 2
Deferred Taxes 2-4
Permanent and Temporary Differences 4
Tax Provisions 5-6
Defined Benefit and Contribution Plans 6-7
Earnings Per Share 7-8
Share Based Compensation 8
Direct vs Indirect 8-9
Investing and Financing Activities 9
Noncash Transactions 9
Conclusion 9
Works Cited 10

Introduction In this report I will be reviewing McDonald’s 10-K SEC Filing for the year ending in December 31, 2015. This review will include items regarding their deferred taxes, tax provisions, earnings per share and investing and financing activities just to name a few. These type of items help investors determine how well a company is doing and if any changes need to be made within the company. McDonalds is one of the largest fast food restaurant chains around the world. They are mainly known for their cheap burgers and affordable prices. This company has over 36k restaurants in over 100 companies
Deferred Taxes
As you can see in the table below, McDonald’s had both deferred tax assets and tax liabilities for the years 2014-2015. The deferred tax asset before validation was a negative $2,091.4 million in 2015 and the deferred tax asset before validation was a negative $1,937.5 million. The deferred tax liabilities for the year of 2015 was $1,171.5 million and for the year 2014 the deferred tax liability was $1,012 million. The differences between the deferred tax assets before validation in 2015 vs 2014 grew by $153.9 million. The differences between the deferred tax liabilities in 2015 vs 2014 grew by $159.5 million.
Net deferred tax liabilities consisted of: | | | | | | | | | | | In millions | December 31, 2015 | | | 2014 | | Property and equipment | | | $ | 1,751.7 | | | $ | 1,754.6 | | Intangibles and other | | | 1,188.8 | |