McCormick & Company, Incorporated (MKC) financial statements (2021 and earlier)

Company profile

Business Address 24 SCHILLING ROAD
HUNT VALLEY, MD 21031
State of Incorp. MD
Fiscal Year End November 30
SIC 209 - Miscellaneous Food Preparations And Kindred (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

2/28/2021
Q1
11/30/2020
Q4
8/31/2020
Q3
5/31/2020
Q2
2/29/2020
Q1
11/30/2019
Q4
8/31/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments256424221185171155163
Cash and cash equivalents256424221185171155163
Receivables516529497494410503495
Inventory, net of allowances, customer advances and progress billings1,0731,033942831836801847
Inventory1,0731,033942831836801847
Prepaid expense 38   36 
Other current assets 61   55 
Other undisclosed current assets109 100105108 85
Total current assets:1,9552,0841,7601,6161,5241,5501,589
Noncurrent Assets
Finance lease, right-of-use asset 121124125   
Operating lease, right-of-use asset 137121127   
Property, plant and equipment1,0711,028961927936953970
Long-term investments and receivables 130   124 
Long-term investments 130   124 
Intangible assets, net (including goodwill)8,8988,2267,4177,3187,3377,3527,347
Goodwill5,3974,9864,5744,4844,4974,5054,497
Intangible assets, net (excluding goodwill)3,5013,2392,8432,8342,8402,8472,850
Other undisclosed noncurrent assets762365477463694383460
Total noncurrent assets:10,73010,0069,1018,9608,9678,8128,777
TOTAL ASSETS:12,68512,09010,86110,57610,49210,36210,366
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5641,8961,5221,4091,2591,4561,228
Accounts payable9671,032903857789847783
Accrued liabilities596864619552469609444
Debt8601,151432173814698803
Total current liabilities:2,4243,0471,9541,5822,0722,1542,030
Noncurrent Liabilities
Long-term debt and lease obligation4,7393,7543,7384,1143,6283,6263,843
Long-term debt, excluding current maturities4,7393,7543,7384,1143,6283,6263,843
Liabilities, other than long-term debt1,3581,3491,2241,2185171,125311
Deferred tax liabilities, net698
Deferred income tax liabilities740727704701   
Other liabilities618622519517517428311
Other undisclosed noncurrent liabilities    699 701
Total noncurrent liabilities:6,0975,1034,9615,3324,8454,7514,855
Total liabilities:8,5208,1506,9156,9146,9176,9056,885
Stockholders' equity
Stockholders' equity attributable to parent, including:4,1503,9263,9333,6503,5623,4441,592
Accumulated other comprehensive loss(423)(471)(430)(578)(520)(500)(428)
Retained earnings2,5742,4162,3912,2892,1802,0562,020
Other undisclosed stockholders' equity attributable to parent1,9981,9811,9721,9391,9021,889 
Stockholders' equity attributable to noncontrolling interest15141312131312
Other undisclosed stockholders' equity      1,877
Total stockholders' equity:4,1653,9403,9463,6623,5753,4573,481
TOTAL LIABILITIES AND EQUITY:12,68512,09010,86110,57610,49210,36210,366

Income statement (P&L) ($ in millions)

2/28/2021
Q1
11/30/2020
Q4
8/31/2020
Q3
5/31/2020
Q2
2/29/2020
Q1
11/30/2019
Q4
8/31/2019
Q3
Revenues1,4821,5581,4301,4011,2121,4851,329
Cost of revenue
(Cost of Goods and Services Sold)
(904)(897)(840)(822)(742)(855)(789)
Gross profit:578661590580470630540
Operating expenses(321)(383)(317)(319)(275)(327)(279)
Other undisclosed operating loss(20)(3)(0)(3)(1)(4)(8)
Operating income:236275273257194299254
Nonoperating income
(Other Nonoperating income)
5543677
Interest and debt expense(34)(32)(34)(34)(35)(39)(41)
Income from continuing operations before equity method investments, income taxes:207248243226164268219
Income from equity method investments13111010101210
Income from continuing operations before income taxes:220258253236175280229
Income tax expense(59)(58)(47)(40)(30)(66)(37)
Net income:162201206196145213192
Net income attributable to noncontrolling interest1121100
Other undisclosed net loss attributable to parent(1)(1)(2)(1)(1)(0)(0)
Net income available to common stockholders, diluted:162201206196145213192

Comprehensive Income ($ in millions)

2/28/2021
Q1
11/30/2020
Q4
8/31/2020
Q3
5/31/2020
Q2
2/29/2020
Q1
11/30/2019
Q4
8/31/2019
Q3
Net income:162201206196145213192
Other comprehensive income (loss)49(42)147(59)(20)(72)(46)
Comprehensive income:211159353137125142146
Comprehensive income, net of tax, attributable to noncontrolling interest1121100
Comprehensive income, net of tax, attributable to parent:211160355137126142147

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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