McCORMICK & COMPANY, INCORPORATED (MKC) FY2026 YTD Q3 Statement of Cash Flows
2025-12-01 to 2026-08-31
Statement of Cash Flows
2025-12-01 to 2026-08-31
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Chart details
McCORMICK & COMPANY, INCORPORATED cash flow reconciliation, Dec 1, 2025 through Aug 31, 2026
Cash flows for Dec 1, 2025 through Aug 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Nov 30, 2025. Ending cash: Aug 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Nov 30, 2025
- 95,900,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 598,800,000 US dollars. Net cash provided.
- Deferred income tax benefit
- negative 21,800,000 US dollars
- Trade accounts payable
- negative 9,800,000 US dollars
- Income from unconsolidated operations
- negative 25,700,000 US dollars
- Stock-based compensation
- 34,500,000 US dollars
- Net income
- 1,290,100,000 US dollars
- Depreciation and amortization
- 213,100,000 US dollars
- Trade accounts receivable
- 10,200,000 US dollars
- Inventories
- negative 44,600,000 US dollars
- Dividends from unconsolidated affiliates
- 16,800,000 US dollars
- Other assets and liabilities
- negative 55,300,000 US dollars
- Amortization of inventory fair value adjustments associated with acquisition
- 15,000,000 US dollars
- Gain on remeasurement of previously held equity interest
- negative 866,800,000 US dollars
- Asset impairments included in special charges
- 43,100,000 US dollars
- Investing activities
- negative 861,100,000 US dollars. Net cash used.
- Capital expenditures (including software)
- negative 131,200,000 US dollars
- Acquisition of business, net of cash acquired
- negative 729,900,000 US dollars
- Financing activities
- 490,300,000 US dollars. Net cash provided.
- Short-term borrowings, net
- 958,800,000 US dollars
- Dividends paid
- negative 387,000,000 US dollars
- Proceeds from exercised stock options
- 23,900,000 US dollars
- Other financing activities
- 21,600,000 US dollars
- Common stock acquired by purchase
- negative 10,900,000 US dollars
- Long-term debt repayments
- negative 506,700,000 US dollars
- Taxes withheld and paid on employee stock awards
- negative 11,900,000 US dollars
- Long-term debt borrowings (net of debt issuance costs of $1.1)
- 498,300,000 US dollars
- Debt financing fees paid
- negative 75,000,000 US dollars
- Dividends paid to joint venture partners
- negative 20,800,000 US dollars
- Operating adjustment reconciliation
- 1,024,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 1,502,600,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 861,100,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 7,200,000 US dollars
- Ending cash on Aug 31, 2026
- 331,100,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 1,192,200,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 235,200,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 0.46×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 598,800,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 131,200,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 467,600,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income exceeds operating cash. The diagram allocates $598.80M of net income directly to operating cash and $691.30M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 598,800,000 US dollars minus 131,200,000 US dollars equals 467,600,000 US dollars.
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