McCormick & Company, Incorporated (MKC)

McCormick & Company Cash Flow Statement

Financials in millions USD. Fiscal year is December - November.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 28, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Net Income	1,643	789.4	788.5	680.6	682	755.3
Depreciation & Amortization	216.2	207	186.9	178.6	175.5	173.7
Other Amortization	24.3	24.3	21.9	19.1	18.9	12.6
Loss (Gain) From Sale of Assets	-	-	-2.1	1.4	-63.7	0.2
Asset Writedown & Restructuring Costs	-	-	-	1.6	16.2	17.2
Loss (Gain) on Equity Investments	-72.9	-72.2	-74.2	-56.4	-37.8	-52.2
Stock-Based Compensation	46.9	46.2	47.4	63.4	60.3	66.6
Other Operating Activities	78.6	51.3	36.5	79.7	55.8	77.7
Change in Accounts Receivable	-61.2	-14.7	-20.5	3.4	-45.8	-22.6
Change in Inventory	70.7	23.9	-125	225	-205.3	-153.7
Change in Accounts Payable	-26.6	1.2	135.1	-68.1	125.3	34.9
Change in Other Net Operating Assets	-154.9	-94.2	-72.6	109	-129.9	-81.4
Operating Cash Flow	897.6	962.2	921.9	1,237	651.5	828.3
Operating Cash Flow Growth	-0.16%	4.37%	-25.49%	89.92%	-21.34%	-20.46%
Capital Expenditures	-217.2	-221.8	-274.9	-263.9	-262	-278
Cash Acquisitions	-764	-34.1	-	-	-	-706.4
Divestitures	-	-	-	1	95.2	-
Sale (Purchase) of Intangibles	-	-	-	-	13.6	-
Investment in Securities	-	-	-	-	-	65.4
Other Investing Activities	0.7	0.7	5.9	2.4	6.8	10.4
Investing Cash Flow	-980.5	-255.2	-269	-260.5	-146.4	-908.6
Short-Term Debt Issued	-	-	211.1	-	698.3	-
Long-Term Debt Issued	-	2.7	495.5	496.4	-	1,002
Total Debt Issued	1,429	2.7	706.6	496.4	698.3	1,002
Short-Term Debt Repaid	-	-101.4	-	-964.6	-	-346.7
Long-Term Debt Repaid	-	-267.9	-801.1	-268.1	-772	-257.1
Total Debt Repaid	-834.1	-369.3	-801.1	-1,233	-772	-603.8
Net Debt Issued (Repaid)	594.5	-366.6	-94.5	-736.3	-73.7	397.7
Issuance of Common Stock	26.8	20.9	17.5	16.6	41.4	13.5
Repurchase of Common Stock	-44.2	-48	-62.1	-46.5	-58.2	-24
Common Dividends Paid	-491.2	-483	-451	-418.5	-396.7	-363.3
Other Financing Activities	10.1	35.8	7	0.5	-	-1.9
Financing Cash Flow	96	-840.9	-583.1	-1,184	-487.2	22
Foreign Exchange Rate Adjustments	61.8	43.7	-50.3	40	-35.6	-13.6
Net Cash Flow	74.9	-90.2	19.5	-167.4	-17.7	-71.9
Free Cash Flow	680.4	740.4	647	973.4	389.5	550.3
Free Cash Flow Growth	4.84%	14.44%	-33.53%	149.91%	-29.22%	-32.56%
Free Cash Flow Margin	9.57%	10.82%	9.62%	14.61%	6.13%	8.71%
Free Cash Flow Per Share	2.53	2.75	2.40	3.61	1.44	2.04
Cash Interest Paid	192.8	192.8	210.1	203.6	148.8	135.7
Cash Income Tax Paid	239.6	239.6	221	118.3	192.4	179.3
Levered Free Cash Flow	372.78	564.53	511.1	877.39	232.09	419.36
Unlevered Free Cash Flow	494.65	687.15	641.98	1,008	325.28	504.74
Change in Working Capital	-172	-83.8	-83	269.3	-255.7	-222.8

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q