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)

2/29/2020
TTM
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1711559718711811377
Cash and cash equivalents1711559718711811377
Receivables410503518555465455494
Inventory, net of allowances, customer advances and progress billings836801786793756711714
Inventory836801786793756711714
Prepaid expense 362732242220
Other current assets 55524958106111
Other undisclosed current assets108      
Total current assets:1,5241,5501,4801,6171,4221,4071,416
Noncurrent Assets
Property, plant and equipment936953985809669618603
Long-term investments and receivables 124121127116113113
Long-term investments 124121127116113113
Intangible assets, net (including goodwill)7,3377,3527,4017,5612,1962,1312,053
Goodwill4,4974,5054,5284,4901,7711,7591,722
Intangible assets, net (excluding goodwill)2,8402,8472,8733,071425372331
Other noncurrent assets    816856
Other undisclosed noncurrent assets694383269272151171174
Total noncurrent assets:8,9678,8128,7778,7693,2143,1012,998
TOTAL ASSETS:10,49210,36210,25610,3864,6364,5084,414
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2591,4561,3581,3641,030897984
Accounts payable789847710640451412372
Accrued liabilities469609648724579485479
Employee-related liabilities      133
Debt814698644583393343271
Other undisclosed current liabilities      (133)
Total current liabilities:2,0722,1542,0021,9471,4231,2401,122
Noncurrent Liabilities
Long-term debt and lease obligation3,6283,6264,0534,4441,0541,0531,014
Long-term debt, excluding current maturities3,6283,6264,0534,4441,0541,0531,014
Liabilities, other than long-term debt, including:5171,1251,02065726942
Accounts payable and accrued liabilities      47
Deferred tax liabilities, net6987071,095  108
Liability, pension and other postretirement and postemployment benefits      272
Other liabilities517428313329521528469
Other undisclosed liabilities, other than long-term debt   (1,359)(449)(459)(855)
Other undisclosed noncurrent liabilities699  1,359449459427
Total noncurrent liabilities:4,8454,7515,0735,8681,5751,5811,483
Total liabilities:6,9176,9057,0747,8152,9982,8212,605
Stockholders' equity
Stockholders' equity attributable to parent, including:3,5623,4441,400887542631797
Accumulated other comprehensive loss(520)(500)(360)(280)(514)(406)(186)
Retained earnings2,1802,0561,7601,1671,0571,037983
Other undisclosed stockholders' equity attributable to parent1,9021,889     
Stockholders' equity attributable to noncontrolling interest13131111121717
Other undisclosed stockholders' equity  1,7711,6731,0841,040996
Total stockholders' equity:3,5753,4573,1822,5711,6381,6871,809
TOTAL LIABILITIES AND EQUITY:10,49210,36210,25610,3864,6364,5084,414

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

2/29/2020
TTM
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Revenues5,3285,3475,4094,8344,4124,2964,243
Revenue, net4,8344,4124,2964,243
Cost of revenue
(Cost of Goods and Services Sold)
(3,180)(3,202)(3,037)(2,824)(2,580)(2,559)(2,613)
Other undisclosed gross profit      100
Gross profit:2,1482,1452,3722,0101,8321,7371,730
Operating expenses(1,174)(1,167)(1,452)(1,286)(1,175)(1,127)(1,191)
Other undisclosed operating income (loss)(20)(21)(16)(22)(16)(62)64
Operating income:955958903702641548603
Nonoperating income
(Other Nonoperating income)
2627134411
Interest and debt expense(158)(165)(175)(96)(56)(53)(50)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (15)   
Income from continuing operations before equity method investments, income taxes:824819741595589496554
Income from equity method investments41413534363729
Income from continuing operations before income taxes:865860776629625533584
Income tax expense (benefit)(165)(157)157(151)(153)(131)(146)
Net income:699703933477472402438
Net income (loss) attributable to noncontrolling interest2232(1)13
Other undisclosed net income (loss) attributable to parent(2)(2)(3)(2)1(1)(3)
Net income available to common stockholders, diluted:699703933477472402438

Comprehensive Income ($ in millions)

2/29/2020
TTM
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Net income:699703933477472402438
Other comprehensive income (loss)(193)(141)(62)235(110)(221)(186)
Comprehensive income:506562871712362181252
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2232(1)13
Comprehensive income, net of tax, attributable to parent:508564875714361181254

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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