Illinois Tool Works Inc. (ITW) financial statements (2021 and earlier)
Company profile
| Business Address |
155 HARLEM AVENUE GLENVIEW, IL 60025 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 356 - General Industrial Machinery And Equipment (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q3 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,564 | 2,169 | 1,812 | 1,430 | 1,981 | 1,825 | 1,677 | ||
| Cash and cash equivalents | 2,564 | 2,169 | 1,812 | 1,430 | 1,981 | 1,825 | 1,677 | ||
| Receivables | 2,506 | 2,494 | 2,156 | 2,424 | 2,461 | 2,499 | 2,629 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,189 | 1,149 | 1,167 | 1,185 | 1,164 | 1,209 | 1,256 | ||
| Inventory | 1,189 | 1,149 | 1,167 | 1,185 | 1,164 | 1,209 | 1,256 | ||
| Advances on inventory purchases | 30 | 25 | |||||||
| Other current assets | 119 | 121 | |||||||
| Other undisclosed current assets | 115 | 219 | 474 | 467 | 501 | 712 | 727 | ||
| Total current assets: | 6,523 | 6,031 | 5,609 | 5,506 | 6,253 | 6,245 | 6,289 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,777 | 1,736 | 1,711 | 1,704 | 1,729 | 1,693 | 1,717 | ||
| Intangible assets, net (including goodwill) | 5,471 | 5,405 | 5,244 | 5,237 | 5,343 | 5,320 | 5,431 | ||
| Goodwill | 4,690 | 4,591 | 4,443 | 4,401 | 4,492 | 4,430 | 4,503 | ||
| Intangible assets, net (excluding goodwill) | 781 | 814 | 801 | 836 | 851 | 890 | 928 | ||
| Deferred income tax assets | 533 | 509 | 470 | 473 | 516 | 479 | 516 | ||
| Other noncurrent assets | 1,308 | 1,259 | 1,229 | 1,229 | 1,227 | 1,223 | 1,234 | ||
| Total noncurrent assets: | 9,089 | 8,909 | 8,654 | 8,643 | 8,815 | 8,715 | 8,898 | ||
| TOTAL ASSETS: | 15,612 | 14,940 | 14,263 | 14,149 | 15,068 | 14,960 | 15,187 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,239 | 2,187 | 1,998 | 1,986 | 2,079 | 2,127 | 2,095 | ||
| Accounts payable | 534 | 521 | 402 | 488 | 472 | 493 | 512 | ||
| Accrued liabilities | 1,284 | 1,263 | 1,106 | 1,105 | 1,217 | 1,229 | 1,207 | ||
| Taxes payable | 60 | 42 | 152 | 55 | 48 | 61 | 53 | ||
| Interest and dividends payable | 361 | 361 | 338 | 338 | 342 | 344 | 323 | ||
| Debt | 350 | 353 | 4 | 4 | 4 | 50 | 51 | ||
| Other undisclosed current liabilities | 40 | 42 | 71 | 46 | 42 | ||||
| Total current liabilities: | 2,589 | 2,540 | 2,042 | 2,032 | 2,154 | 2,223 | 2,188 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 7,772 | 7,592 | 7,765 | 7,690 | 7,754 | 7,643 | 7,809 | ||
| Long-term debt, excluding current maturities | 7,772 | 7,754 | |||||||
| Operating lease, liability | 133 | 133 | |||||||
| Other undisclosed long-term debt and lease obligation | 7,592 | 7,765 | 7,690 | 7,510 | 7,676 | ||||
| Liabilities, other than long-term debt | 2,069 | 2,111 | 2,098 | 2,143 | 2,130 | 2,124 | 2,095 | ||
| Accounts payable and accrued liabilities | 413 | 413 | 413 | 462 | 462 | 462 | 462 | ||
| Deferred income tax liabilities | 588 | 671 | 676 | 695 | 668 | 716 | 683 | ||
| Other liabilities | 1,068 | 1,027 | 1,009 | 986 | 1,000 | 946 | 950 | ||
| Total noncurrent liabilities: | 9,841 | 9,703 | 9,863 | 9,833 | 9,884 | 9,767 | 9,904 | ||
| Total liabilities: | 12,430 | 12,243 | 11,905 | 11,865 | 12,038 | 11,990 | 12,092 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 3,181 | 2,696 | 2,357 | 2,283 | 3,026 | 2,966 | 3,091 | ||
| Common stock | 6 | 6 | 6 | 6 | 6 | 6 | 6 | ||
| Treasury stock, value | (19,659) | (19,652) | (19,669) | (19,680) | (18,982) | (18,632) | (18,276) | ||
| Additional paid in capital | 1,362 | 1,346 | 1,317 | 1,309 | 1,304 | 1,286 | 1,270 | ||
| Accumulated other comprehensive loss | (1,642) | (1,837) | (1,909) | (1,983) | (1,705) | (1,798) | (1,697) | ||
| Retained earnings | 23,114 | 22,833 | 22,612 | 22,631 | 22,403 | 22,104 | 21,788 | ||
| Stockholders' equity attributable to noncontrolling interest | 1 | 1 | 1 | 1 | 4 | 4 | 4 | ||
| Total stockholders' equity: | 3,182 | 2,697 | 2,358 | 2,284 | 3,030 | 2,970 | 3,095 | ||
| TOTAL LIABILITIES AND EQUITY: | 15,612 | 14,940 | 14,263 | 14,149 | 15,068 | 14,960 | 15,187 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q3 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,475 | 3,307 | 2,564 | 3,228 | 3,469 | 3,479 | 3,609 | |
| Cost of revenue (Cost of Goods and Services Sold) | (2,000) | (1,910) | (1,594) | (1,871) | (2,022) | (2,007) | (2,099) | |
| Gross profit: | 1,475 | 1,397 | 970 | 1,357 | 1,447 | 1,472 | 1,510 | |
| Other undisclosed operating loss | (592) | (608) | (521) | (596) | (623) | (604) | (639) | |
| Operating income: | 883 | 789 | 449 | 761 | 824 | 868 | 871 | |
| Nonoperating income (expense) | (7) | 2 | 8 | 25 | 58 | 26 | 9 | |
| Other nonoperating income | 2 | 8 | 25 | 26 | 9 | |||
| Interest and debt expense | (52) | (52) | (51) | (51) | (51) | (52) | (55) | |
| Income from continuing operations before income taxes: | 824 | 739 | 406 | 735 | 831 | 842 | 825 | |
| Income tax expense | (182) | (157) | (87) | (169) | (190) | (182) | (202) | |
| Net income available to common stockholders, diluted: | 642 | 582 | 319 | 566 | 641 | 660 | 623 | |
Comprehensive Income ($ in millions)
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q3 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 642 | 582 | 319 | 566 | 641 | 660 | 623 | |
| Other comprehensive income (loss) | 195 | 72 | 74 | (278) | ||||
| Other undisclosed comprehensive income (loss) | 93 | (101) | (55) | |||||
| Comprehensive income, net of tax, attributable to parent: | 837 | 654 | 393 | 288 | 734 | 559 | 568 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.