Switch to:
McCormick & Co Inc  (NYSE:MKC) Cash Flow from Financing: \$3,887 Mil (TTM As of Aug. 2017)

Cash from financing is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders.

For the three months ended in Aug. 2017, McCormick & Co Inc received \$555 Mil more from issuing new shares than it paid to buy back shares. It received \$3,670 Mil from issuing more debt. It paid \$0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent \$59 Mil paying cash dividends to shareholders. It spent \$24 Mil on other financial activities. In all, McCormick & Co Inc earned \$4,142 Mil on financial activities for the three months ended in Aug. 2017.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

McCormick & Co Inc Annual Data

 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Cash Flow from Financing -324.30 -245.90 -348.90 -199.60 -371.50

McCormick & Co Inc Quarterly Data

 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Cash Flow from Financing -76.00 -279.30 110.20 -85.60 4,142.10

Calculation

This is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders. In the calculation of free cash flow, cash from financing is not calculated because it is not related to operating activities.

McCormick & Co Inc's Cash from Financing for the fiscal year that ended in Nov. 2016 is calculated as:

 Cash Flow from Financing (A: {A1}) = Net Issuance of Stock + Net Issuance of Debt + Net Issuance of Preferred Stock + Cash Flow for Dividends + Other Financing = -242.7 + 55.7 + 0 + -217.8 + 33.3 = -372

McCormick & Co Inc's Cash from Financing for the quarter that ended in Aug. 2017 is

 Cash Flow from Financing (Q: Aug. 2017 ) = Net Issuance of Stock + Net Issuance of Debt + Net Issuance of Preferred Stock + Cash Flow for Dividends + Other Financing = 554.9 + 3670 + {NetIssuanceofpreferred_last}} + -58.6 + -24.2 = 4,142

Cash Flow from Financing for the trailing twelve months (TTM) ended in Aug. 2017 was -279.3 (Nov. 2016 ) + 110.2 (Feb. 2017 ) + -85.6 (May. 2017 ) + 4142.1 (Aug. 2017 ) = \$3,887 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

Cash from financing contains five items:

1. Net Issuance of Stock:
A company may raise cash from issuing new shares. It can also use cash to buy back shares. If this number is positive, it means that the company has received more cash from issuing shares than it has paid to buy back shares. If this number is negative, it means that company has paid more cash to buy back shares than it has received for issuing shares.

McCormick & Co Inc's net issuance of stock for the three months ended in Aug. 2017 was \$555 Mil. McCormick & Co Inc received \$555 Mil more from issuing new shares than it paid to buy back shares.

2. Net Issuance of Debt:
Net issuance of debt is the cash a company received or spent through debt related activities such as debt issuance or debt repayment. If a company pays down its debt during the period, this number will be negative. If a company issued more debt, it receives cash and this number is positive.

McCormick & Co Inc's net issuance of debt for the three months ended in Aug. 2017 was \$3,670 Mil. McCormick & Co Inc received \$3,670 Mil from issuing more debt.

3. Net Issuance of Preferred Stock:
A company may raise cash from issuing new preferred shares. It can also use cash to buy back preferred shares. If this number is positive, it means that the company has received more cash from issuing preferred shares than it has paid to buy back preferred shares. If this number is negative, it means that company has paid more cash to buy back preferred shares than it has received for issuing preferred shares.

McCormick & Co Inc's net issuance of preferred for the three months ended in Aug. 2017 was \$0 Mil. McCormick & Co Inc paid \$0 Mil more to buy back preferred shares than it received from issuing preferred shares.

4. Cash Flow for Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.

McCormick & Co Inc's cash flow for dividends for the three months ended in Aug. 2017 was \$-59 Mil. McCormick & Co Inc spent \$59 Mil paying cash dividends to shareholders.

5. Other Financing:
Money spent or earned by company from other financial activities.

McCormick & Co Inc's other financing for the three months ended in Aug. 2017 was \$-24 Mil. McCormick & Co Inc spent \$24 Mil on other financial activities.

Related Terms

From the Internet

###### Tyson Foods' Chicken Unit to Gain From Humboldt Facility

- Zacks 2017-11-22 09:59:00

###### Campbell (CPB) Misses on Q1 Earnings & Sales, Stock Down 8%

- Zacks 2017-11-21 09:49:00

###### Dean Foods' (DF) Shares Decline 44% in 6 Months: Here's Why

- Zacks 2017-11-21 09:24:00

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)