MCCORMICK & CO INC MKC Cash Flow

Mccormick & co inc (MKC)

CashFlow / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10
Operating activities
Net income
144,700	213,400	191,900	149,400	148,000	214,000	173,500	123,300	422,600	175,700	108,200	100,000	93,500	157,400	127,700	93,800	93,400	149,200	97,600	84,300	70,500	148,000	122,900	84,500	82,500	130,000	104,400	78,600	76,000	148,500	104,400	80,400	74,500	131,800	92,000	73,600	76,800	133,700	102,300	66,300	67,900
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation and amortization
41,900	40,800	39,000	38,700	40,300	39,100	37,500	37,500	36,600	35,600	31,500	29,800	28,300	26,400	29,300	26,600	26,400	27,200	26,200	27,600	24,900	24,600	24,600	26,700	26,800	29,100	25,200	25,500	26,200	26,000	26,200	24,800	25,800	25,100	24,700	24,800	23,700	25,000	24,200	22,800	23,100
Stock-based compensation
6,400	6,600	7,800	16,100	6,700	4,000	5,500	11,800	4,300	5,500	4,000	10,300	4,100	5,800	4,000	12,800	3,000	1,700	3,100	10,200	3,700	3,100	3,000	9,500	2,600	2,600	3,600	9,700	2,800	8,300	3,200	6,100	2,600	2,600	2,800	5,500	2,100	2,200	2,200	5,500	2,000
Noncash nonrecurring income tax benefit (related to enactment of the U.S. Tax Act)
-	-	-	-	-	1,200	606,100	0	-297,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from unconsolidated operations
10,400	11,700	9,600	9,500	10,100	10,900	8,400	7,400	8,100	10,300	8,200	8,400	7,000	11,900	8,100	7,700	8,400	9,700	9,700	7,400	9,900	9,300	8,800	6,200	5,100	6,900	4,900	6,000	5,400	7,500	5,500	3,900	4,600	4,500	6,900	6,100	7,900	6,000	6,400	6,800	6,300
Changes in operating assets and liabilities
148,900	-	56,200	-9,100	92,700	-	51,100	-81,600	185,000	-	13,400	4,900	80,200	-	49,700	0	43,700	-	-3,400	38,200	-3,000	-	48,200	17,500	34,100	-	34,400	7,500	69,800	-	19,300	-3,700	76,300	-	66,300	285,800	-119,100	-	43,200	24,400	92,600
Changes in operating assets and liabilities (net of effect of businesses acquired):
Dividends from unconsolidated affiliates
11,100	6,000	7,500	6,800	11,400	7,200	7,400	5,600	7,000	5,300	6,600	6,100	5,600	14,400	6,500	8,600	7,900	13,200	500	13,500	3,700	3,200	200	8,400	4,000	1,200	800	800	1,800	1,400	2,900	10,800	500	2,600	3,100	11,800	-1,300	26,600	-900	-6,900	-800
Net cash flow provided by operating activities
44,800	452,200	180,400	210,600	103,600	432,200	154,100	255,400	-20,500	512,300	125,800	132,900	44,300	335,700	109,700	134,100	78,600	273,400	130,700	90,000	95,900	227,800	93,700	105,400	76,700	237,800	94,700	101,100	31,600	198,700	111,900	121,900	22,500	254,300	49,400	59,400	-23,100	242,300	80,000	70,300	-5,100
Investing activities
Acquisitions of businesses (net of cash acquired)
-	-	-	-	-	0	0	0	4,200	0	4,203,400	0	124,000	4,400	-1,900	118,100	0	-	-	-	-	-	-	-	-	12,300	13,300	115,900	800	0	0	0	0	-	-	-	-	-	-	-	-
Capital expenditures (including software)
38,500	66,600	53,000	28,700	25,400	56,500	52,700	28,600	31,300	74,000	42,200	36,600	29,600	65,900	33,100	32,400	22,400	58,400	27,300	27,200	15,500	54,700	30,600	28,900	18,500	45,900	19,400	22,200	12,400	48,100	27,000	20,100	15,100	37,900	25,400	19,200	14,200	36,500	20,100	23,400	9,000
Proceeds from sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	900	800	-600	1,300	200	100	200	100	0	300	100	200	500	500	100	0	1,900	600	400	100	200	-	-	-	-	100	5,900	0	200
Other investing activities
-200	5,300	-2,500	0	-100	18,200	-2,500	-600	-300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flow used in investing activities
-38,300	-66,500	-50,500	-28,700	-25,300	-45,100	-50,200	-28,000	-35,200	-73,200	-4,245,300	-37,100	-152,700	-65,300	-30,400	-149,200	-22,200	-58,300	-126,500	-138,600	-15,500	-54,400	-30,500	-28,700	-18,000	-57,700	-32,600	-138,100	-11,300	-47,500	-26,600	-20,000	-14,900	-440,200	-64,200	-18,900	-14,200	-83,300	-14,200	-23,400	-8,800
Financing activities
Short-term borrowings, net
125,200	-83,400	78,800	1,300	44,300	-80,600	18,300	-55,800	423,600	-91,300	-307,300	16,200	247,800	-168,200	46,100	123,000	250,800	-341,500	65,900	107,300	40,900	-82,000	45,400	25,900	68,400	103,700	-190,700	98,100	60,800	-88,700	-13,200	-38,900	64,200	217,000	-108,200	14,300	93,600	-97,200	-30,500	-800	28,900
Proceeds from Issuance of Long-term Debt
-	-	-	-	-	0	12,400	7,100	6,400	12,000	3,977,600	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt borrowings
20,500	233,100	121,000	72,100	21,500	209,300	199,400	69,400	319,800	268,800	300	1,100	2,500	0	200	100	201,700	200	1,100	100	200	200	200	800	400	250,200	300	500	400	100	400	0	4,200	-	-	-	-	100	100	14,100	100
Proceeds from exercised stock options
7,700	6,300	36,600	41,300	6,700	36,100	20,500	4,700	16,900	3,000	2,500	15,800	8,200	900	10,500	17,600	7,800	12,300	11,900	2,900	11,300	12,500	3,100	7,200	8,900	11,900	3,000	19,300	10,500	15,800	7,700	15,200	14,400	12,500	14,400	14,000	17,100	27,700	16,200	15,700	14,000
Taxes withheld and paid on employee stock awards
3,000	2,400	200	7,000	3,100	800	4,100	3,800	2,900	400	0	3,700	1,700	0	0	2,800	700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock acquired by purchase
19,900	18,200	17,100	29,300	30,500	22,300	7,900	15,300	16,800	2,000	0	53,100	82,700	63,800	78,100	53,000	47,800	73,500	2,400	5,000	64,900	65,900	52,100	69,400	56,900	85,300	0	31,900	60,200	34,000	29,600	26,300	42,300	100	0	38,900	50,300	44,300	31,800	6,400	0
Dividends paid
82,400	75,800	75,600	75,500	75,300	68,500	68,400	68,300	68,200	61,600	58,600	58,500	58,900	54,200	54,300	54,700	54,600	51,200	51,200	51,200	51,300	47,700	48,000	48,100	48,600	44,900	44,900	45,000	45,100	41,100	41,200	41,000	41,400	37,100	37,100	37,100	37,200	34,500	34,700	34,600	34,400
Net cash flow provided by (used in) financing activities
7,100	-406,600	-98,500	-141,300	-79,400	-358,400	-231,100	-200,800	39,200	-410,700	4,142,100	-85,600	110,200	-279,300	-76,000	30,000	-46,200	-212,900	23,600	53,900	-64,200	-183,300	-51,800	-85,200	-28,600	-264,800	13,300	40,000	-34,400	-147,300	-76,700	-91,000	-9,300	191,700	18,500	-45,600	23,200	-148,400	-80,900	-40,200	8,400
Effect of exchange rate changes on cash and cash equivalents
1,800	13,400	-7,900	-3,500	6,800	-5,100	-2,400	-3,600	9,300	-7,700	13,500	-5,900	5,500	-6,900	-600	4,800	-11,000	2,000	-8,900	2,400	-11,700	-6,600	1,000	500	-3,700	900	-700	500	3,700	2,900	2,200	-3,900	2,200	-4,100	600	12,400	3,900	16,600	15,600	-5,500	-12,100
Increase in cash and cash equivalents
15,400	-7,500	23,500	37,100	5,700	23,600	-129,600	23,000	-7,200	20,700	36,100	4,300	7,300	-15,800	2,700	19,700	-800	4,200	18,900	7,700	4,500	-16,500	12,400	-8,000	26,400	-83,800	74,700	3,500	-10,400	6,800	10,800	7,000	500	1,700	4,300	7,300	-10,200	27,200	500	1,200	-17,600