McCormick & Company, Incorporated (MKC)

McCormick & Company Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Net Income	1,491	789.4	788.5	680.6	682	755.3
Depreciation & Amortization	248	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	43.1	-	-	1.6	16.2	17.2
Loss (Gain) on Equity Investments	-39.6	-72.2	-74.2	-56.4	-37.8	-52.2
Stock-Based Compensation	43.4	46.2	47.4	63.4	60.3	66.6
Other Operating Activities	59.6	51.3	36.5	79.7	55.8	77.7
Change in Accounts Receivable	47.4	-14.7	-20.5	3.4	-45.8	-22.6
Change in Inventory	5.3	23.9	-125	225	-205.3	-153.7
Change in Accounts Payable	53.9	1.2	135.1	-68.1	125.3	34.9
Change in Other Net Operating Assets	31.7	-94.2	-72.6	109	-129.9	-81.4
Operating Cash Flow	1,141	962.2	921.9	1,237	651.5	828.3
Operating Cash Flow Growth	29.80%	4.37%	-25.49%	89.92%	-21.34%	-20.46%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Capital Expenditures	-214.9	-221.8	-274.9	-263.9	-262	-278
Cash Acquisitions	-729.9	-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	-944.1	-255.2	-269	-260.5	-146.4	-908.6

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Short-Term Debt Issued	-	-	211.1	-	698.3	-
Long-Term Debt Issued	-	2.7	495.5	496.4	-	1,002
Total Debt Issued	1,444	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	-860.3	-369.3	-801.1	-1,233	-772	-603.8
Net Debt Issued (Repaid)	583.9	-366.6	-94.5	-736.3	-73.7	397.7
Issuance of Common Stock	29.7	20.9	17.5	16.6	41.4	13.5
Repurchase of Common Stock	-28.4	-48	-62.1	-46.5	-58.2	-24
Common Dividends Paid	-507.8	-483	-451	-418.5	-396.7	-363.3
Other Financing Activities	-49.7	35.8	7	0.5	-	-1.9
Financing Cash Flow	27.7	-840.9	-583.1	-1,184	-487.2	22

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Foreign Exchange Rate Adjustments	11.8	43.7	-50.3	40	-35.6	-13.6
Net Cash Flow	236.2	-90.2	19.5	-167.4	-17.7	-71.9

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Free Cash Flow	925.9	740.4	647	973.4	389.5	550.3
Free Cash Flow Growth	41.32%	14.44%	-33.53%	149.91%	-29.22%	-32.56%
Free Cash Flow Margin	12.05%	10.82%	9.62%	14.61%	6.13%	8.71%
Free Cash Flow Per Share	3.44	2.75	2.40	3.61	1.44	2.04
Levered Free Cash Flow	742	564.53	511.1	877.39	232.09	419.36
Unlevered Free Cash Flow	882.56	687.15	641.98	1,008	325.28	504.74

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
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
Change in Working Capital	138.3	-83.8	-83	269.3	-255.7	-222.8

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 1, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 12, 2026

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