McCormick & Co. Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.83B | $4.41B | $4.29B | $4.24B | $4.13B | $4.01B | $3.70B | $3.34B |
| Consumer | $2.99B | $2.71B | $2.62B | $2.57B | $2.49B | $2.41B | $2.24B | $2.01B |
| Flavor Solutions | $1.85B | $1.70B | $1.67B | $1.67B | $1.63B | $1.60B | $1.46B | $1.32B |
| Cost of Revenue | $2.94B | $2.58B | $2.56B | $2.51B | $2.46B | $2.40B | $2.18B | $1.92B |
| Gross Profit | $1.79B | $1.83B | $1.74B | $1.73B | $1.67B | $1.62B | $1.52B | $1.42B |
| Gross Margin | 37.1% | 41.5% | 40.5% | 40.8% | 40.4% | 40.3% | 41.2% | 42.5% |
| Operating Expenses | ||||||||
| Research & Development | $66.1M | $61.0M | $60.8M | $62.0M | $61.3M | $57.8M | $58.1M | $52.7M |
| SG&A Expense | $1.03B | $1.18B | $1.13B | $1.12B | $1.08B | $1.04B | $982.2M | $907.9M |
| Operating Income | $699.8M | $641.0M | $548.4M | $603.0M | $550.5M | $578.3M | $540.3M | $509.8M |
| Operating Margin | 14.5% | 14.5% | 12.8% | 14.2% | 13.3% | 14.4% | 14.6% | 15.3% |
| Interest Expense | $95.7M | $56.0M | $53.3M | $49.7M | $53.3M | $54.6M | $51.2M | $49.3M |
| Pretax Income | $594.8M | $589.2M | $496.2M | $554.4M | $499.4M | $526.1M | $491.4M | $462.7M |
| Income Tax Expense | $151.3M | $153.0M | $131.3M | $145.9M | $133.6M | $139.8M | $142.6M | $118.0M |
| Net Income | $477.4M | $472.3M | $401.6M | $437.9M | $389.0M | $407.8M | $374.2M | $370.2M |
| Net Margin | 9.9% | 10.7% | 9.4% | 10.3% | 9.4% | 10.2% | 10.1% | 11.1% |
| EPS (Basic) | $1.89 | $1.87 | $1.57 | $1.69 | $1.47 | $1.54 | $1.41 | $1.40 |
| EPS (Diluted) | $1.86 | $1.85 | $1.56 | $1.67 | $1.46 | $1.52 | $1.40 | $1.38 |
| Shares Outstanding (Basic) | 253.6M | 253.2M | 256.0M | 259.8M | 264.2M | 265.4M | 265.4M | 265.8M |
| Shares Outstanding (Diluted) | 256.8M | 256.0M | 258.4M | 262.0M | 267.2M | 268.6M | 268.6M | 269.4M |
| Dividends Per Share | $0.97 | $0.88 | $0.82 | $0.76 | $0.70 | $0.62 | $0.56 | $0.52 |