2012 Q3 Form 10-Q Financial Statement

#000006375413000029 Filed on September 27, 2013

View on sec.gov

Income Statement

Concept 2012 Q3
Revenue $977.7M
YoY Change 6.23%
Cost Of Revenue $586.0M
YoY Change 5.41%
Gross Profit $391.7M
YoY Change 7.46%
Gross Profit Margin 40.06%
Selling, General & Admin $247.5M
YoY Change 4.83%
% of Gross Profit 63.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.20M
YoY Change 6.07%
% of Gross Profit 6.69%
Operating Expenses $247.5M
YoY Change 4.83%
Operating Profit $144.2M
YoY Change 12.31%
Interest Expense $13.20M
YoY Change 0.76%
% of Operating Profit 9.15%
Other Income/Expense, Net $900.0K
YoY Change -18.18%
Pretax Income $131.9M
YoY Change 13.32%
Income Tax $33.00M
% Of Pretax Income 25.02%
Net Earnings $104.4M
YoY Change 13.48%
Net Earnings / Revenue 10.68%
Basic Earnings Per Share $0.79
Diluted Earnings Per Share $0.78
COMMON SHARES
Basic Shares Outstanding 132.7M shares
Diluted Shares Outstanding 134.3M shares

Balance Sheet

Concept 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $72.00M
YoY Change 38.46%
Cash & Equivalents $72.20M
Short-Term Investments
Other Short-Term Assets $107.0M
YoY Change -10.08%
Inventory $629.0M
Prepaid Expenses
Receivables $411.2M
Other Receivables $0.00
Total Short-Term Assets $1.219B
YoY Change 4.82%
LONG-TERM ASSETS
Property, Plant & Equipment $518.5M
YoY Change 4.2%
Goodwill $1.667B
YoY Change 10.31%
Intangibles $345.4M
YoY Change 46.36%
Long-Term Investments
YoY Change
Other Assets $307.0M
YoY Change 0.0%
Total Long-Term Assets $2.838B
YoY Change 11.22%
TOTAL ASSETS
Total Short-Term Assets $1.219B
Total Long-Term Assets $2.838B
Total Assets $4.057B
YoY Change 9.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $318.0M
YoY Change 4.95%
Accrued Expenses $354.0M
YoY Change 5.36%
Deferred Revenue
YoY Change
Short-Term Debt $229.0M
YoY Change
Long-Term Debt Due $2.300M
YoY Change 666.67%
Total Short-Term Liabilities $902.6M
YoY Change 41.14%
LONG-TERM LIABILITIES
Long-Term Debt $1.026B
YoY Change -0.53%
Other Long-Term Liabilities $404.2M
YoY Change 25.14%
Total Long-Term Liabilities $1.430B
YoY Change 5.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $902.6M
Total Long-Term Liabilities $1.430B
Total Liabilities $2.333B
YoY Change 16.99%
SHAREHOLDERS EQUITY
Retained Earnings $909.6M
YoY Change 15.77%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.706B
YoY Change
Total Liabilities & Shareholders Equity $4.057B
YoY Change 9.22%

Cashflow Statement

Concept 2012 Q3
OPERATING ACTIVITIES
Net Income $104.4M
YoY Change 13.48%
Depreciation, Depletion And Amortization $26.20M
YoY Change 6.07%
Cash From Operating Activities $111.9M
YoY Change 126.52%
INVESTING ACTIVITIES
Capital Expenditures -$27.00M
YoY Change 6.3%
Acquisitions
YoY Change
Other Investing Activities $400.0K
YoY Change -101.03%
Cash From Investing Activities -$26.60M
YoY Change -58.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -76.70M
YoY Change -514.59%
NET CHANGE
Cash From Operating Activities 111.9M
Cash From Investing Activities -26.60M
Cash From Financing Activities -76.70M
Net Change In Cash 8.600M
YoY Change 132.43%
FREE CASH FLOW
Cash From Operating Activities $111.9M
Capital Expenditures -$27.00M
Free Cash Flow $138.9M
YoY Change 85.7%

Facts In Submission

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us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2013Q3 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
246200000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
12100000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-31800000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
700000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
32800000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
37300000 USD
CY2012Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1297100000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1333100000 USD
CY2013Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1368200000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
547300000 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
518500000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
549700000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1200000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4600000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1011900000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
909600000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
934600000 USD
CY2012Q3 us-gaap Sales Revenue Net
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977700000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
2953400000 USD
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
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us-gaap Sales Revenue Net
SalesRevenueNet
2868400000 USD
CY2013Q3 us-gaap Selling General And Administrative Expense
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259200000 USD
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SellingGeneralAndAdministrativeExpense
247500000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
787200000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
757400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
11900000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
16100000 USD
CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
3600000 USD
CY2012Q3 us-gaap Share Based Compensation
ShareBasedCompensation
3300000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.019
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.023
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.206
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.216
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.165
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.145
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.018
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.022
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.001
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.001
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
42500000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
35400000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.17
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.47
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
104300000 USD
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5000000 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5700000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y73D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y37D
CY2013Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
82900000 USD
CY2012Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
140300000 USD
CY2012Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
229000000 USD
CY2013Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
107900000 USD
CY2013Q3 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
400000000 USD
us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
400000000 USD
us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
45000000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1797500000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1700200000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1724000000 USD
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1400000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1500000 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1600000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1500000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134300000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132200000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132800000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132700000 shares
CY2013Q3 mkc Accumulative Other Comprehensive Income Loss Unrealized Gain Loss On Foreign Currency Translation
AccumulativeOtherComprehensiveIncomeLossUnrealizedGainLossOnForeignCurrencyTranslation
-400000 USD
CY2012Q3 mkc Accumulative Other Comprehensive Income Loss Unrealized Gain Loss On Foreign Currency Translation
AccumulativeOtherComprehensiveIncomeLossUnrealizedGainLossOnForeignCurrencyTranslation
900000 USD
CY2012Q4 mkc Accumulative Other Comprehensive Income Loss Unrealized Gain Loss On Foreign Currency Translation
AccumulativeOtherComprehensiveIncomeLossUnrealizedGainLossOnForeignCurrencyTranslation
1600000 USD
CY2012Q3 mkc Foreign Earnings Repatriated Repatriated Earnings
ForeignEarningsRepatriatedRepatriatedEarnings
70000000 USD
CY2013Q3 mkc Net Income From Consolidated Operations
NetIncomeFromConsolidatedOperations
99400000 USD
CY2012Q3 mkc Net Income From Consolidated Operations
NetIncomeFromConsolidatedOperations
98900000 USD
mkc Net Income From Consolidated Operations
NetIncomeFromConsolidatedOperations
242700000 USD
mkc Net Income From Consolidated Operations
NetIncomeFromConsolidatedOperations
245300000 USD
mkc Number Of Stock Based Compensation Award Types
NumberOfStockBasedCompensationAwardTypes
3 award_type
CY2012Q3 mkc Unrecognized Tax Benefits Increase Resulting From Repatriation
UnrecognizedTaxBenefitsIncreaseResultingFromRepatriation
5600000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--11-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-08-31
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000063754
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
MCCORMICK & CO INC

Files In Submission

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