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
TTM
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25642415597187118113
Cash and cash equivalents25642415597187118113
Receivables516529503518555465455
Inventory, net of allowances, customer advances and progress billings1,0731,033801786793756711
Inventory1,0731,033801786793756711
Prepaid expense 383627322422
Other current assets 6155524958106
Other undisclosed current assets109      
Total current assets:1,9552,0841,5501,4801,6171,4221,407
Noncurrent Assets
Finance lease, right-of-use asset 121 
Operating lease, right-of-use asset 137 
Property, plant and equipment1,0711,028953985809669618
Long-term investments and receivables 130124121127116113
Long-term investments 130124121127116113
Intangible assets, net (including goodwill)8,8988,2267,3527,4017,5612,1962,131
Goodwill5,3974,9864,5054,5284,4901,7711,759
Intangible assets, net (excluding goodwill)3,5013,2392,8472,8733,071425372
Other noncurrent assets     8168
Other undisclosed noncurrent assets762365383269272151171
Total noncurrent assets:10,73010,0068,8128,7778,7693,2143,101
TOTAL ASSETS:12,68512,09010,36210,25610,3864,6364,508
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5641,8961,4561,3581,3641,030897
Accounts payable9671,032847710640451412
Accrued liabilities596864609648724579485
Debt8601,151698644583393343
Total current liabilities:2,4243,0472,1542,0021,9471,4231,240
Noncurrent Liabilities
Long-term debt and lease obligation4,7393,7543,6264,0534,4441,0541,053
Long-term debt, excluding current maturities4,7393,7543,6264,0534,4441,0541,053
Liabilities, other than long-term debt, including:1,3581,3491,1251,020657269
Deferred tax liabilities, net6987071,095  
Deferred income tax liabilities740727 
Other liabilities618622428313329521528
Other undisclosed liabilities, other than long-term debt    (1,359)(449)(459)
Other undisclosed noncurrent liabilities    1,359449459
Total noncurrent liabilities:6,0975,1034,7515,0735,8681,5751,581
Total liabilities:8,5208,1506,9057,0747,8152,9982,821
Stockholders' equity
Stockholders' equity attributable to parent, including:4,1503,9263,4441,400887542631
Accumulated other comprehensive loss(423)(471)(500)(360)(280)(514)(406)
Retained earnings2,5742,4162,0561,7601,1671,0571,037
Other undisclosed stockholders' equity attributable to parent1,9981,9811,889    
Stockholders' equity attributable to noncontrolling interest15141311111217
Other undisclosed stockholders' equity   1,7711,6731,0841,040
Total stockholders' equity:4,1653,9403,4573,1822,5711,6381,687
TOTAL LIABILITIES AND EQUITY:12,68512,09010,36210,25610,3864,6364,508

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

2/28/2021
TTM
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
Revenues5,8715,6015,3475,4094,8344,4124,296
Revenue, net4,8344,4124,296
Cost of revenue
(Cost of Goods and Services Sold)
(3,463)(3,301)(3,202)(3,037)(2,824)(2,580)(2,559)
Gross profit:2,4082,3002,1452,3722,0101,8321,737
Operating expenses(1,341)(1,294)(1,167)(1,452)(1,286)(1,175)(1,127)
Other undisclosed operating loss(26)(7)(21)(16)(22)(16)(62)
Operating income:1,0421,000958903702641548
Nonoperating income
(Other Nonoperating income)
17182713441
Interest and debt expense(134)(136)(165)(175)(96)(56)(53)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (15)  
Income from continuing operations before equity method investments, income taxes:924882819741595589496
Income from equity method investments44414135343637
Income from continuing operations before income taxes:968922860776629625533
Income tax expense (benefit)(203)(175)(157)157(151)(153)(131)
Net income:765747703933477472402
Net income (loss) attributable to noncontrolling interest44232(1)1
Other undisclosed net income (loss) attributable to parent(4)(4)(2)(3)(2)1(1)
Net income available to common stockholders, diluted:765747703933477472402

Comprehensive Income ($ in millions)

2/28/2021
TTM
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
Net income:765747703933477472402
Other comprehensive income (loss)9527(141)(62)235(110)(221)
Comprehensive income:860774562871712362181
Comprehensive income (loss), net of tax, attributable to noncontrolling interest44232(1)1
Comprehensive income, net of tax, attributable to parent:864778564875714361181

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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