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McCormick (MKC) FY2008 results: revenue $3.2 billion

McCormick & Co. Inc. (MKC) reported revenue of $3.2 billion for fiscal 2008, the year ended 30 November 2008. Net income was $256 million, and diluted earnings per share $0.97. The figures are the company's own, from the 10-K it filed with the SEC on 27 January 2011.

Revenue
$3.2 billion
FY2008FY2008
Operating margin
11.9%
FY2008FY2008
Net income
$256 million
FY2008FY2008
Diluted EPS
$0.97
FY2008FY2008

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2008Last 8 years
Revenue3,177
Cost of revenue1,888
Gross profit1,288
Gross margin40.6%
Selling, general and administrative871
Operating income376
Operating margin11.9%
Interest expense56.7
Pre-tax income338
Income tax101
Effective tax rate29.8%
Net income256
Net margin8.1%
Diluted EPS$0.97
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2008Last 8 years
Operating cash flow315
Capital expenditure85.8
Free cash flow229
Free cash flow margin7.2%
Cash from investing-747
Cash from financing433
Depreciation and amortisation85.6
Share-based compensation18.2
Buybacks11.0
Dividends paid114

Balance sheet

$ millionFY2008Last 8 years
Shareholders' equity1,063
Cash and equivalents38.9

10-K for the year ended 30 November 2008, filed 27 January 2011: the filing.