McCormick & Company, Incorporated
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of McCormick & Company, Incorporated generated cash of $1,237,300,000, which is more than the previous year. Cash used in financing activities reached the amount of -$1,184,200,000 last year. Net change in cash is therefore -$167,400,000.
Cash Flow
| 2014 | 503.6M | -131.6M | -348.9M |
|---|---|---|---|
| 2015 | 590M | -338.9M | -199.6M |
| 2016 | 658.1M | -267.1M | -371.5M |
| 2017 | 815.3M | -4.50B | 3.75B |
| 2018 | 821.2M | -158.5M | -751.1M |
| 2019 | 946.8M | -171M | -725.8M |
| 2020 | 1.04B | -1.02B | 220.9M |
| 2021 | 828.3M | -908.6M | 22M |
| 2022 | 651.5M | -146.4M | -487.2M |
| 2023 | 1.23B | -260.5M | -1.18B |
MKC-V Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 334M | 351.7M | 423.6M | 155.4M | 96.6M | 186.8M | 118.4M | 112.6M | 77.3M | 63M |
Operating activities | ||||||||||
Net income | 680.6M | 682M | 755.3M | 747.4M | 702.7M | 933.4M | 477.4M | 472.3M | 401.6M | 437.9M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 199.3M | 200.6M | 186.3M | 165M | 158.8M | 150.7M | 125.2M | 108.7M | 105.9M | 102.7M |
Stock-based compensation expense | 63.4M | 60.3M | 66.6M | 46M | 37.2M | 25.6M | 23.9M | 25.6M | 18.7M | 18.2M |
| Deferred income tax benefit | 63.4M | 60.3M | 66.6M | 46M | 37.2M | 25.6M | 23.9M | 25.6M | 18.7M | 18.2M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 3.4M | -45.8M | -22.6M | 4.8M | 12.2M | 19.8M | -13M | -21M | 15.6M | -16.4M |
Inventories | 225M | -205.3M | -153.7M | -200.2M | -20.9M | -10M | 44.6M | -39M | -18M | -54.4M |
Accounts payable | -68.1M | 125.3M | 34.9M | 164.2M | 128.2M | 72.8M | 98.2M | 47M | 40.4M | -6.7M |
Cash generated by operating activities | 1.23B | 651.5M | 828.3M | 1.04B | 946.8M | 821.2M | 815.3M | 658.1M | 590M | 503.6M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -263.89M | -262M | -278M | -225.3M | -173.7M | -169.1M | -182.4M | -153.8M | -128.4M | -132.7M |
Acquisitions Net | 1M | 95.2M | -641M | -803M | 0 | -4.2M | -4.32B | -116.4M | -210.9M | 0 |
Cash generated by investing activities | -260.5M | -146.4M | -908.6M | -1.02B | -171M | -158.5M | -4.50B | -267.1M | -338.9M | -131.6M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 668.3M | 870.1M | 0 | 0 | 554M | 33.29M | 0 | 0 |
Payments for dividends | -418.5M | -396.7M | -363.3M | -330.1M | -302.2M | -273.4M | -237.6M | -217.8M | -204.9M | -192.4M |
Repurchases of common stock | -35.7M | -38.8M | -8.6M | -47.3M | -95.1M | -73.9M | -137.8M | -242.7M | -145.8M | -244.3M |
Repayments of term debt | -736.3M | -73.7M | -257.1M | -257.7M | -406.7M | -772M | 3.58B | -202M | 118M | -1.6M |
Cash used in financing activities | -1.18B | -487.2M | 22M | 220.9M | -725.8M | -751.1M | 3.75B | -371.5M | -199.6M | -348.9M |
Net Change In Cash | -167.4M | -17.7M | -71.9M | 268.2M | 58.8M | -90.2M | 68.4M | 5.8M | 35.3M | 14.3M |
Cash at end of period | 166.6M | 334M | 351.7M | 423.6M | 155.4M | 96.6M | 186.8M | 118.4M | 112.6M | 77.3M |
| Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source |