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 investments2,5642,1691,8121,4301,9811,8251,677
Cash and cash equivalents2,5642,1691,8121,4301,9811,8251,677
Receivables2,5062,4942,1562,4242,4612,4992,629
Inventory, net of allowances, customer advances and progress billings1,1891,1491,1671,1851,1641,2091,256
Inventory1,1891,1491,1671,1851,1641,2091,256
Advances on inventory purchases30   25  
Other current assets119   121  
Other undisclosed current assets115219474467501712727
Total current assets:6,5236,0315,6095,5066,2536,2456,289
Noncurrent Assets
Property, plant and equipment1,7771,7361,7111,7041,7291,6931,717
Intangible assets, net (including goodwill)5,4715,4055,2445,2375,3435,3205,431
Goodwill4,6904,5914,4434,4014,4924,4304,503
Intangible assets, net (excluding goodwill)781814801836851890928
Deferred income tax assets533509470473516479516
Other noncurrent assets1,3081,2591,2291,2291,2271,2231,234
Total noncurrent assets:9,0898,9098,6548,6438,8158,7158,898
TOTAL ASSETS:15,61214,94014,26314,14915,06814,96015,187
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2392,1871,9981,9862,0792,1272,095
Accounts payable534521402488472493512
Accrued liabilities1,2841,2631,1061,1051,2171,2291,207
Taxes payable604215255486153
Interest and dividends payable361361338338342344323
Debt3503534445051
Other undisclosed current liabilities  4042714642
Total current liabilities:2,5892,5402,0422,0322,1542,2232,188
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,7727,5927,7657,6907,7547,6437,809
Long-term debt, excluding current maturities7,772   7,754  
Operating lease, liability     133133
Other undisclosed long-term debt and lease obligation 7,5927,7657,690 7,5107,676
Liabilities, other than long-term debt2,0692,1112,0982,1432,1302,1242,095
Accounts payable and accrued liabilities413413413462462462462
Deferred income tax liabilities588671676695668716683
Other liabilities1,0681,0271,0099861,000946950
Total noncurrent liabilities:9,8419,7039,8639,8339,8849,7679,904
Total liabilities:12,43012,24311,90511,86512,03811,99012,092
Stockholders' equity
Stockholders' equity attributable to parent3,1812,6962,3572,2833,0262,9663,091
Common stock6666666
Treasury stock, value(19,659)(19,652)(19,669)(19,680)(18,982)(18,632)(18,276)
Additional paid in capital1,3621,3461,3171,3091,3041,2861,270
Accumulated other comprehensive loss(1,642)(1,837)(1,909)(1,983)(1,705)(1,798)(1,697)
Retained earnings23,11422,83322,61222,63122,40322,10421,788
Stockholders' equity attributable to noncontrolling interest1111444
Total stockholders' equity:3,1822,6972,3582,2843,0302,9703,095
TOTAL LIABILITIES AND EQUITY:15,61214,94014,26314,14915,06814,96015,187

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
Revenues3,4753,3072,5643,2283,4693,4793,609
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:1,4751,3979701,3571,4471,4721,510
Other undisclosed operating loss(592)(608)(521)(596)(623)(604)(639)
Operating income:883789449761824868871
Nonoperating income (expense)(7)282558269
Other nonoperating income 2825 269
Interest and debt expense(52)(52)(51)(51)(51)(52)(55)
Income from continuing operations before income taxes:824739406735831842825
Income tax expense(182)(157)(87)(169)(190)(182)(202)
Net income available to common stockholders, diluted:642582319566641660623

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:642582319566641660623
Other comprehensive income (loss)1957274(278)   
Other undisclosed comprehensive income (loss)    93(101)(55)
Comprehensive income, net of tax, attributable to parent:837654393288734559568

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.

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