Sherwin-Williams Company (The) (SHW) Financial Statements (2024 and earlier)

Company Profile

Business Address 101 PROSPECT AVE NW
CLEVELAND, OH 44115
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments277199166227162156
Cash and cash equivalents277199166227162156
Receivables2,4682,5642,3522,0782,0892,019
Inventory, net of allowances, customer advances and progress billings2,3302,6271,9271,8041,8901,815
Inventory2,3302,6271,9271,8041,8901,815
Other current assets438519608483491355
Total current assets:5,5135,9085,0544,5914,6324,344
Noncurrent Assets
Operating lease, right-of-use asset1,8871,8671,8211,7611,686
Property, plant and equipment2,8372,2071,8671,8351,8351,777
Intangible assets, net (including goodwill)11,50711,58511,13611,52011,73912,158
Goodwill7,6267,5837,1357,0497,0056,957
Intangible assets, net (excluding goodwill)3,8814,0024,0024,4714,7355,202
Contract with customer, asset, after allowance for credit loss      214
Other noncurrent assets1,2111,027789641561584
Other undisclosed noncurrent assets    534357
Total noncurrent assets:17,44216,68615,61315,81015,86514,790
TOTAL ASSETS:22,95422,59420,66720,40220,49619,134
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3753,4183,2803,0542,5152,385
Taxes payable1601848681
Employee-related liabilities717753553505
Accounts payable2,3152,4372,4032,1181,8761,799
Accrued liabilities1,060982    
Deferred revenue 293260266 
Debt1,4739791,024251,006636
Accrued environmental loss contingencies 504669  
Other liabilities1,3301,1381,0061,1169891,141
Other undisclosed current liabilities449821046412136
Total current liabilities:6,6275,9615,7204,5944,5224,298
Noncurrent Liabilities
Long-term debt and lease obligation8,3789,59110,0629,7019,4218,708
Long-term debt, excluding current maturities8,3789,5918,5918,2678,0518,708
Liabilities, other than long-term debt4,2343,9402,4482,4952,4301,598
Contract with customer, liability9
Deferred income tax liabilities683682768846970
Liability, pension and other postretirement and postemployment benefits133139259276263258
Accrued environmental loss contingencies      322
Other liabilities1,9081,6061,4211,3741,1971,009
Operating lease, liability1,5101,5131,4711,4341,371
Other undisclosed noncurrent liabilities      800
Total noncurrent liabilities:12,61213,53112,51012,19611,85111,106
Total liabilities:19,23919,49218,23016,79116,37315,404
Equity
Equity, attributable to parent3,7163,1022,4373,6114,1233,731
Common stock92919190119118
Treasury stock, value(5,234)(3,776)(2,870)(97)(5,837)(4,901)
Additional paid in capital4,1943,9643,7933,4913,1532,896
Accumulated other comprehensive loss(624)(701)(698)(718)(680)(630)
Retained earnings5,2883,5232,1228447,3676,247
Total equity:3,7163,1022,4373,6114,1233,731
TOTAL LIABILITIES AND EQUITY:22,95422,59420,66720,40220,49619,134

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues23,05222,14919,94518,36217,90117,534
Cost of revenue(12,294)(12,824)(11,402)(9,679)(9,865)(10,116)
Cost of goods and services sold(12,294)(12,824)(11,402)(9,679)(9,865) 
Gross profit:10,7589,3258,5438,6838,0367,419
Operating expenses(7,523)(6,442)(6,018)(5,878)(5,723)(5,744)
Other operating income (expense), net(67)25(102)   
Other expenses      
Other undisclosed operating income994490660569496937
Operating income:4,1623,3973,0843,3742,8092,611
Nonoperating income (expense)(40)(39)24(2)(17)(20)
Investment income, nonoperating25854265
Other nonoperating income (expense)(66)(47)20(5)(17)(20)
Interest and debt expense(418)(391)(335)(340)(349)(367)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (513)(461)(864)
Income from continuing operations before equity method investments, income taxes:3,7042,9672,7732,5191,9821,360
Other undisclosed loss from continuing operations before income taxes(594)(394)(525)   
Income from continuing operations before income taxes:3,1102,5732,2492,5191,9821,360
Income tax expense(721)(553)(384)(489)(441)(251)
Income from continuing operations:2,3892,0201,8642,0301,5411,109
Income before gain (loss) on sale of properties:1,8642,0301,5411,109
Net income available to common stockholders, diluted:2,3892,0201,8642,0301,5411,109

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:2,3892,0201,8642,0301,5411,109
Other comprehensive income (loss)3(35)(15)4917
Comprehensive income:2,3921,9851,8502,0341,5501,126
Other undisclosed comprehensive income (loss), net of tax, attributable to parent733335(43)(50)(260)
Comprehensive income, net of tax, attributable to parent:2,4652,0181,8841,9921,500866

Statements Sources

The financial statements are based on the Company's filings with 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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