calculate the retained earnings from McDonalds in 2022 (pic below). Since the number is in parentheses does
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calculate the retained earnings from McDonalds in 2022 (pic below). Since the number is in parentheses does this mean there is a negative retained earnings and they lost money for this section?
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Total current liabilities Long-term debt Long-term lease liability Long-term income taxes Deferred revenues - initial franchise fees Other long-term liabilities Deferred income taxes 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 Additional paid-in capital Retained earnings Accumulated other comprehensive income (loss) Common stock in treasury, at cost; 929.3 and 915.8 million shares Total shareholders' equity (deficit) Total liabilities and shareholders' equity (deficit) 3,802.1 4,020.0 -------- 35,903.5 35,622.7 12,134.4 13,020.9 791.9 1,896.8 757.8 738.3 1,051.8 1,081.0 1,997.5 2,075.6 16.6 8,547.1 16.6 8,231.6 59,543.9 (2,486.6) 57,534.7 (71,624.4) (6,003.4) (2,573.7) (67,810.2) (4,601.0) $ 50,435.6 $ 53,854.3 Total current liabilities Long-term debt Long-term lease liability Long-term income taxes Deferred revenues - initial franchise fees Other long-term liabilities Deferred income taxes 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 Additional paid-in capital Retained earnings Accumulated other comprehensive income (loss) Common stock in treasury, at cost; 929.3 and 915.8 million shares Total shareholders' equity (deficit) Total liabilities and shareholders' equity (deficit) 3,802.1 4,020.0 -------- 35,903.5 35,622.7 12,134.4 13,020.9 791.9 1,896.8 757.8 738.3 1,051.8 1,081.0 1,997.5 2,075.6 16.6 8,547.1 16.6 8,231.6 59,543.9 (2,486.6) 57,534.7 (71,624.4) (6,003.4) (2,573.7) (67,810.2) (4,601.0) $ 50,435.6 $ 53,854.3
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