McC

CashFl
2023
Operating Activities
Net income 680.6
Depreciation and amortization 199.3
Stock-based compensation 63.4
Loss (gain) on the sale of businesses and intangible assets 1.2
Asset impairments included in special charges 0
Amortization of inventory fair value adjustments associated with acquisitions 0
Loss (gain) on sale of assets 0.2
Deferred income tax expense (benefit) 5.4
Income from unconsolidated operations -56.4
Changes in operating assets and liabilities
Trade accounts receivable 3.4
Inventories 225
Trade accounts payable -68.1
Other assets and liabilities 109
Dividends received from unconsolidated affiliates 85.1
Net cash provided by operating activities 1248.1
Investing activities
Acquisitions of businesses (net of cash acquired) 0
Proceeds from sale of business 1
Proceeds from sale of unconsolidated operation 0
Proceeds from sale of intangible asset 0
Capital expenditures (including expenditures for capitalized software) -263.9
Other investing activities 2.4
Net Cash Used in Investig Activities -260.5
Financing activities
Short-term borrowings (repayments), net -964.6
Proceeds from issuances of long-term debt 496.4
Payment of debt issuance costs -1.1
Long-term debt repayments -268.1
Proceeds from exercised stock options 16.6
Taxes withheld and paid on employee stock awards -10.8
Common stock acquired by purchase -35.7
Dividends paid -418.5
Other financing activities 1.6
Net cash (used in) provided by financing activities -1184.2
Effect of exchange rate changes on cash and cash equivalents 40
Decrease in cash and cash equivalents -167.4
Cash and cash equivalents at beginning of year 334
Cash and cash equivalents at end of year 166.6

EBITDA 798.7
2023 Chages in Currenct Assets
Current Assets -167.4
Changes in Currenct Liability 402.1
Changes in Workign Capital -569.5

2022 Current Assets -17.7

Changes in Currenct Liability -209.9
Changes in Workign Capital 192.2

2021 Current Assets -71.9

Changes in Currenct Liability -37.4
Changes in Workign Capital -34.5
 McCormick &Co.
CashFlow Statemnt
Changes 2022 Changes 2021

-0.21% 682 -9.70% 755.3

-0.65% 200.6 7.68% 186.3
5.14% 60.3 -9.46% 66.6
-101.90% -63.2 0
-100.00% 10 -41.86% 17.2
0 -100.00% 6.3
-140.00% -0.5 -350.00% 0.2
-75.23% 21.8 -39.44% 36
49.21% -37.8 -27.59% -52.2

-107.42% -45.8 102.65% -22.6

-209.60% -205.3 33.57% -153.7
-154.35% 125.3 259.03% 34.9
-183.91% -129.9 59.58% -81.4
150.29% 34 -3.95% 35.4
91.57% 651.5 -21.34% 828.3

0 -100.00% -706.4
-98.95% 95.2 0
#DIV/0! 0 -100.00% 65.4
-100.00% 13.6 0
0.73% -262 -5.76% -278
-64.71% 6.8 -34.62% 10.4
77.94% -146.4 -83.89% -908.6

-238.14% 698.3 -301.41% -346.7

0 -100.00% 1,001.50
0 -100.00% -1.9
-65.27% -772 200.27% -257.1
-59.90% 41.4 206.67% 13.5
-44.33% -19.4 25.97% -15.4
-7.99% -38.8 351.16% -8.6
5.50% -396.7 9.19% -363.3
0 0
143.06% -487.2 -2314.55% 22
-212.36% -35.6 161.76% -13.6
845.76% -17.7 -75.38% -71.9
-5.03% 351.7 -16.97% 423.6
-50.12% 334 -5.03% 351.7

812.8 895.8