McCormick & Company, Incorporated (MKC) financial statements (2022 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)

2/28/2022
TTM
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33835242415597187118
Cash and cash equivalents33835242415597187118
Receivables517550529503518555465
Inventory, net of allowances, customer advances and progress billings1,2441,1821,033801786793756
Inventory1,2441,1821,033801786793756
Prepaid expense 423836273224
Other current assets 716155524958
Other undisclosed current assets140      
Total current assets:2,2392,1962,0841,5501,4801,6171,422
Noncurrent Assets
Finance lease, right-of-use asset 112121 
Operating lease, right-of-use asset 137137 
Property, plant and equipment1,1361,1401,028953985809669
Long-term investments and receivables 137130124121127116
Long-term investments 137130124121127116
Intangible assets, net (including goodwill)8,7778,7888,2267,3527,4017,5612,196
Goodwill5,3335,3364,9864,5054,5284,4901,771
Intangible assets, net (excluding goodwill)3,4443,4533,2392,8472,8733,071425
Other noncurrent assets      81
Other undisclosed noncurrent assets789395365383269272151
Total noncurrent assets:10,70210,71010,0068,8128,7778,7693,214
TOTAL ASSETS:12,94112,90612,09010,36210,25610,3864,636
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6691,9141,8961,4561,3581,3641,030
Accounts payable1,0731,0641,032847710640451
Accrued liabilities597850864609648724579
Debt1,4081,3091,151698644583393
Total current liabilities:3,0773,2243,0472,1542,0021,9471,423
Noncurrent Liabilities
Long-term debt and lease obligation3,9653,9733,7543,6264,0534,4441,054
Long-term debt, excluding current maturities3,9653,9733,7543,6264,0534,4441,054
Liabilities, other than long-term debt, including:1,2851,2831,3491,1251,0206572
Deferred tax liabilities, net6987071,095 
Deferred income tax liabilities797792727 
Other liabilities489491622428313329521
Other undisclosed liabilities, other than long-term debt     (1,359)(449)
Other undisclosed noncurrent liabilities     1,359449
Total noncurrent liabilities:5,2505,2575,1034,7515,0735,8681,575
Total liabilities:8,3278,4808,1506,9057,0747,8152,998
Stockholders' equity
Stockholders' equity attributable to parent, including:4,5984,4113,9263,4441,400887542
Accumulated other comprehensive loss(416)(427)(471)(500)(360)(280)(514)
Retained earnings2,9222,7822,4162,0561,7601,1671,057
Other undisclosed stockholders' equity attributable to parent2,0912,0551,9811,889   
Stockholders' equity attributable to noncontrolling interest17151413111112
Other undisclosed stockholders' equity    1,7711,6731,084
Total stockholders' equity:4,6144,4263,9403,4573,1822,5711,638
TOTAL LIABILITIES AND EQUITY:12,94112,90612,09010,36210,25610,3864,636

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

2/28/2022
TTM
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
Revenues6,3596,3185,6015,3475,4094,8344,412
Revenue, net4,8344,412
Cost of revenue
(Cost of Goods and Services Sold)
(3,881)(3,823)(3,301)(3,202)(3,037)(2,824)(2,580)
Gross profit:2,4782,4952,3002,1452,3722,0101,832
Operating expenses(1,427)(1,433)(1,294)(1,167)(1,452)(1,286)(1,175)
Other undisclosed operating loss(65)(46)(7)(21)(16)(22)(16)
Operating income:9861,0151,000958903702641
Nonoperating income
(Other Nonoperating income)
191718271344
Interest and debt expense(136)(137)(136)(165)(175)(96)(56)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (15) 
Income from continuing operations before equity method investments, income taxes:869896882819741595589
Income from equity method investments48524141353436
Income from continuing operations before income taxes:917948922860776629625
Income tax expense (benefit)(169)(193)(175)(157)157(151)(153)
Net income:748755747703933477472
Net income (loss) attributable to noncontrolling interest1084232(1)
Other undisclosed net income (loss) attributable to parent(10)(8)(4)(2)(3)(2)1
Net income available to common stockholders, diluted:748755747703933477472

Comprehensive Income ($ in millions)

2/28/2022
TTM
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
Net income:748755747703933477472
Other comprehensive income (loss)(2)3727(141)(62)235(110)
Comprehensive income:747792774562871712362
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1084232(1)
Comprehensive income, net of tax, attributable to parent:756800778564875714361

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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