← MCCORMICK & CO INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $472.3m |
$477.4m
+1.08%
|
$933.4m
+95.52%
|
$702.7m
-24.72%
|
$747.4m
+6.36%
|
$755.3m
+1.06%
|
$682.0m
-9.70%
|
$680.6m
-0.21%
|
$788.5m
+15.85%
|
$789.4m
+0.11%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $1.3m | ($1.6m) | ($3.3m) | ($1.9m) | ($4.3m) | ($8.0m) | ($6.2m) | ($5.5m) | ($7.5m) | ($6.1m) | — | |
| Depreciation, Depletion and Amortization | $108.7m | $125.2m | $150.7m | $158.8m | $165.0m | $186.3m | $200.6m | $199.3m | $208.8m | $231.3m | $256.9m | |
| Amortization of Intangible Assets | $11.3m | $16.3m | $20.6m | $20.3m | $20.2m | $35.6m | $35.1m | $34.9m | $35.0m | $35.2m | — | |
| Capitalized Computer Software, Amortization | $17.1m | $14.5m | $14.0m | $13.7m | $12.4m | $12.6m | $18.9m | $19.1m | $21.9m | $24.3m | — | |
| Depreciation | $71.2m | $85.2m | $104.8m | $113.6m | $121.1m | $124.6m | $136.3m | $135.3m | $143.3m | $163.2m | $256.9m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $200.6m | $199.3m | $208.8m | $231.3m | $256.9m | |
| Deferred Income Tax Expense (Benefit) | ($40.0m) | $24.1m | ($339.9m) | $20.9m | ($11.2m) | $36.0m | $21.8m | ($5.4m) | ($30.3m) | ($6.5m) | ($5.7m) | |
| Deferred Tax | — | — | — | — | — | — | $21.8m | ($5.4m) | ($30.3m) | ($6.5m) | ($5.7m) | |
| Share-based Payment Arrangement, Noncash Expense | $25.6m | $23.9m | $25.6m | $37.2m | $46.0m | $66.6m | $60.3m | $63.4m | $47.4m | $46.2m | $45.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $5.8m | $11.6m | $12.7m | $13.0m | $15.4m | $19.4m | $10.8m | $9.0m | $13.2m | — | |
| Asset Impairment Charge | — | — | — | — | — | $17.2m | $10.0m | $0 | $0 | — | $0 | |
| Income (Loss) from Equity Method Investments | $36.1m | $33.9m | $34.8m | $40.9m | $40.8m | $52.2m | $37.8m | $56.4m | $74.2m | $72.2m | — | |
| Other Nonoperating Income (Expense) | $4.2m | $3.5m | $12.6m | $26.7m | $17.6m | $17.3m | $98.3m | $43.9m | $47.4m | $38.4m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($37.8m) | ($56.4m) | ($74.2m) | ($72.2m) | ($55.7m) | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($255.7m) | $269.3m | ($83.0m) | ($83.8m) | $159.7m | |
| Increase (Decrease) in Accounts Receivable | $21.0m | $13.0m | ($19.8m) | ($12.2m) | ($4.8m) | $22.6m | $45.8m | ($3.4m) | $20.5m | $14.7m | $91.5m | |
| Change In Receivables | — | — | — | — | — | — | ($45.8m) | $3.4m | ($20.5m) | ($14.7m) | $91.5m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($45.8m) | $3.4m | ($20.5m) | ($14.7m) | $91.5m | |
| Increase (Decrease) in Inventories | $39.0m | ($44.6m) | $10.0m | $20.9m | $200.2m | $153.7m | $205.3m | ($225.0m) | $125.0m | ($23.9m) | $36.7m | |
| Change In Inventory | — | — | — | — | — | — | ($205.3m) | $225.0m | ($125.0m) | $23.9m | $36.7m | |
| Increase (Decrease) in Accounts Payable | $47.0m | $98.2m | $72.8m | $128.2m | $164.2m | $34.9m | $125.3m | ($68.1m) | $135.1m | $1.2m | $105.9m | |
| Net Cash Provided by (Used in) Operating Activities | $658.1m |
$815.3m
+23.89%
|
$821.2m
+0.72%
|
$946.8m
+15.29%
|
$1.0b
+9.98%
|
$828.3m
-20.46%
|
$651.5m
-21.34%
|
$1.2b
+89.92%
|
$921.9m
-25.49%
|
$962.2m
+4.37%
|
$1.2b
+27.99%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $153.8m | $182.4m | $169.1m | $173.7m | $225.3m | $278.0m | $262.0m | ($263.9m) | ($274.9m) | ($221.8m) | ($211.6m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($1.5m) | ($1.3m) | $5.4m | $1.6m | ($3.0m) | ($200k) | $500k | ($200k) | $2.1m | $0 | ($922.5m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($262.0m) | ($263.9m) | ($274.9m) | ($221.8m) | ($211.6m) | |
| Net Other Investing Changes | — | — | — | — | — | — | $6.8m | $2.4m | $5.9m | $700k | $700k | |
| Net Cash Provided by (Used in) Investing Activities | ($267.1m) | ($4.5b) | ($158.5m) | ($171.0m) | ($1.0b) | ($908.6m) | ($146.4m) | ($260.5m) | ($269.0m) | ($255.2m) | ($955.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $202.0m | $272.7m | $797.9m | $447.7m | $257.7m | $257.1m | $772.0m | $268.1m | $801.1m | $267.9m | ($758.7m) | |
| Proceeds from Issuance of Long-term Debt | $6.0m | $4.0b | $25.9m | $0 | $527.0m | $1.0b | $0 | $496.4m | $495.5m | $2.7m | $499.5m | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $496.4m | $495.5m | $2.7m | $499.5m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $496.4m | $495.5m | $2.7m | $499.5m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($772.0m) | ($268.1m) | ($801.1m) | ($267.9m) | ($758.7m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($73.7m) | ($736.3m) | ($94.5m) | ($366.6m) | $468.6m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($772.0m) | $228.3m | ($305.6m) | ($265.2m) | ($259.2m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $698.3m | ($964.6m) | $211.1m | ($101.4m) | $727.8m | |
| Repayment Of Debt | — | — | — | — | — | — | ($772.0m) | ($268.1m) | ($801.1m) | ($267.9m) | ($758.7m) | |
| Payments for Repurchase of Common Stock | $242.7m | $137.8m | $62.3m | $95.1m | $47.3m | $8.6m | $38.8m | $35.7m | $53.1m | $34.8m | — | |
| Payments of Ordinary Dividends, Common Stock | $217.8m | $237.6m | $273.4m | $302.2m | $330.1m | $363.3m | $396.7m | $418.5m | $451.0m | $483.0m | ($499.4m) | |
| Proceeds from Issuance of Common Stock | — | $554.0m | $0 | $0 | — | — | — | — | — | — | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($396.7m) | ($418.5m) | ($451.0m) | ($483.0m) | ($499.4m) | |
| Common Stock Payments | — | — | — | — | — | — | ($38.8m) | ($35.7m) | ($53.1m) | ($34.8m) | ($27.6m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($38.8m) | ($35.7m) | ($53.1m) | ($34.8m) | ($27.6m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($38.8m) | ($35.7m) | ($53.1m) | ($34.8m) | ($27.6m) | |
| Payments of Dividends | $217.8m | $237.6m | $273.4m | $302.2m | $330.1m | $363.3m | $396.7m | $418.5m | $451.0m | $483.0m | ($499.4m) | |
| Dividends Payable | — | — | — | — | $90.7m | $99.0m | $104.6m | $112.6m | $120.7m | $128.9m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($396.7m) | ($418.5m) | ($451.0m) | ($483.0m) | ($499.4m) | |
| Dividend Received CFO | — | — | — | — | — | — | $34.0m | $85.1m | $66.8m | $57.8m | $49.7m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | $1.6m | $8.0m | $35.8m | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($19.4m) | ($10.3m) | ($2.0m) | $22.6m | ($58.1m) | |
| Net Cash Provided by (Used in) Financing Activities | ($371.5m) |
$3.8b
+1111.04%
|
($751.1m)
-120.00%
|
($725.8m)
+3.37%
|
$220.9m
+130.44%
|
$22.0m
-90.04%
|
($487.2m)
-2314.55%
|
($1.2b)
-143.06%
|
($583.1m)
+50.76%
|
($840.9m)
-44.21%
|
($95.3m)
+88.67%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($13.7m) | $5.4m | ($1.8m) | $8.8m | $268.2m | ($71.9m) | ($17.7m) | ($167.4m) | $19.5m | ($90.2m) | $305.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $351.7m | $334.0m | $166.6m | $186.1m | $124.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $334.0m | $166.6m | $186.1m | $95.9m | $305.2m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($13.7m) | $5.4m | ($1.8m) | $8.8m | $31.6m | ($13.6m) | ($35.6m) | $40.0m | ($50.3m) | $43.7m | $26.0m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($35.6m) | $40.0m | ($50.3m) | $43.7m | $26.0m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $33.3m | $29.5m | $78.2m | $90.9m | $56.6m | $13.5m | $41.4m | $16.6m | $17.5m | $20.9m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $57.5m | $72.1m | $179.8m | $169.8m | $134.1m | $135.7m | $148.8m | $203.6m | $210.1m | $192.8m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | $18.7m | $0 | $0 | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $0 | $1.7m | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | $0 | — | — | |
| Goodwill | $1.8b | $4.5b | $4.5b | $4.5b | $5.0b | $5.3b | $5.2b | $5.3b | $5.2b | $5.3b | $0 | |
| Income Tax Expense (Benefit) | $153.0m | $151.3m | ($157.3m) | $157.4m | $174.9m | $192.7m | $168.6m | $174.5m | $184.0m | $195.8m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($2.5m) | ($600k) | $2.2m | ($1.7m) | ($1.6m) | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($487.2m) | ($1.2b) | ($583.1m) | ($840.9m) | ($95.3m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($146.4m) | ($260.5m) | ($269.0m) | ($255.2m) | ($955.1m) | |
| Change In Account Payable | — | — | — | — | — | — | $125.3m | ($68.1m) | $135.1m | $1.2m | $105.9m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($17.7m) | ($167.4m) | $19.5m | ($90.2m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($129.9m) | $109.0m | ($72.6m) | ($94.2m) | ($74.4m) | |
| Change In Payable | — | — | — | — | — | — | $125.3m | ($68.1m) | $135.1m | $1.2m | $105.9m | |
| Changes In Cash | — | — | — | — | — | — | $17.9m | ($207.4m) | $69.8m | ($133.9m) | $181.1m | |
| End Cash Position | — | — | — | — | — | — | $334.0m | $166.6m | $186.1m | $95.9m | $305.2m | |
| Financing Cash Flow | — | — | — | — | — | — | ($487.2m) |
($1.2b)
-143.06%
|
($583.1m)
+50.76%
|
($840.9m)
-44.21%
|
($95.3m)
+88.67%
|
|
| Free Cash Flow | — | — | — | — | — | — | $389.5m | $973.4m | $647.0m | $740.4m | $1.0b | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($63.2m) | $1.2m | $0 | $0 | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($146.4m) | ($260.5m) | ($269.0m) | ($255.2m) | ($955.1m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $95.2m | $1.0m | $0 | ($34.1m) | ($744.2m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | $0 | $13.6m | $0 | $0 | — | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | ($101.5m) | ($55.0m) | ($76.3m) | ($72.2m) | ($922.5m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $41.4m | $16.6m | $17.5m | $20.9m | $21.2m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | $0 | ($34.1m) | ($744.2m) | |
| Sale Of Business | — | — | — | — | — | — | $95.2m | $1.0m | $0 | $0 | $0 | |
| Sale Of Intangibles | — | — | — | — | — | $0 | $13.6m | $0 | $0 | — | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $60.3m | $63.4m | $47.4m | $46.2m | $45.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.