Sherwin-Williams Company (The) (SHW) financial statements (2021 and earlier)
Company profile
| Business Address |
101 PROSPECT AVE NW CLEVELAND, OH 44115 |
| State of Incorp. | OH |
| Fiscal Year End | December 31 |
| 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)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 162 | 156 | 204 | 890 | 206 | 41 | 745 | ||
| Cash and cash equivalents | 162 | 156 | 204 | 890 | 206 | 41 | 745 | ||
| Receivables | 2,089 | 2,019 | 2,105 | 1,231 | 1,114 | 1,131 | 1,098 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,890 | 1,815 | 1,801 | 1,068 | 1,019 | 1,034 | 971 | ||
| Inventory | 1,890 | 1,815 | 1,801 | 1,068 | 1,019 | 1,034 | 971 | ||
| Other current assets | 491 | 355 | 356 | 381 | 232 | 253 | 241 | ||
| Other undisclosed current assets | 57 | 88 | 109 | 104 | |||||
| Total current assets: | 4,632 | 4,344 | 4,466 | 3,627 | 2,659 | 2,567 | 3,159 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,686 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,835 | 1,777 | 1,877 | 1,096 | 1,042 | 1,021 | 1,021 | ||
| Intangible assets, net (including goodwill) | 11,739 | 12,158 | 12,817 | 1,382 | 1,399 | 1,447 | 1,492 | ||
| Goodwill | 7,005 | 6,957 | 6,814 | 1,127 | 1,143 | 1,158 | 1,179 | ||
| Intangible assets, net (excluding goodwill) | 4,735 | 5,202 | 6,002 | 255 | 255 | 289 | 313 | ||
| Contract with customer, asset, net | 214 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 561 | 584 | 502 | 422 | 448 | 421 | 408 | ||
| Defined benefit plan, assets for plan benefits | ✕ | ✕ | ✕ | 226 | 245 | 250 | 302 | ||
| Other undisclosed noncurrent assets | 43 | 57 | 297 | ||||||
| Total noncurrent assets: | 15,865 | 14,790 | 15,493 | 3,125 | 3,133 | 3,139 | 3,224 | ||
| TOTAL ASSETS: | 20,496 | 19,134 | 19,958 | 6,753 | 5,792 | 5,706 | 6,383 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,515 | 2,385 | 2,380 | 1,509 | 1,577 | 1,489 | 1,416 | ||
| Accounts payable | 1,876 | 1,799 | 1,792 | 1,035 | 1,158 | 1,042 | 998 | ||
| Employee-related liabilities | 553 | 505 | 508 | 398 | 338 | 360 | 338 | ||
| Taxes payable | 86 | 81 | 80 | 77 | 81 | 87 | 80 | ||
| Debt | 1,006 | 636 | 635 | 741 | 43 | 683 | 599 | ||
| Accrued environmental loss contingencies | 17 | 15 | |||||||
| Other liabilities | 989 | 1,141 | 973 | 579 | 522 | 509 | 513 | ||
| Other undisclosed current liabilities | 12 | 136 | (17) | (15) | |||||
| Total current liabilities: | 4,522 | 4,298 | 3,987 | 2,829 | 2,142 | 2,681 | 2,529 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 9,421 | 8,708 | 9,886 | 1,211 | 1,920 | 1,123 | 1,122 | ||
| Long-term debt, excluding current maturities | 8,051 | 8,708 | 9,886 | 1,211 | 1,920 | 1,123 | 1,122 | ||
| Operating lease, liability | 1,371 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 2,430 | 1,598 | 1,139 | 834 | 862 | 906 | 957 | ||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 269 | ||
| Contract with customer, liability | ✕ | 9 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Deferred income tax liabilities | 970 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 263 | 258 | 275 | 250 | 249 | 278 | ✕ | ||
| Accrued environmental loss contingencies | 322 | 180 | |||||||
| Other liabilities | 1,197 | 1,009 | 684 | 583 | 613 | 628 | 688 | ||
| Other undisclosed noncurrent liabilities | 800 | 1,255 | |||||||
| Total noncurrent liabilities: | 11,851 | 11,106 | 12,279 | 2,045 | 2,782 | 2,029 | 2,079 | ||
| Total liabilities: | 16,373 | 15,404 | 16,266 | 4,874 | 4,924 | 4,710 | 4,608 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 4,123 | 3,731 | 3,692 | 1,878 | 868 | 996 | 1,775 | ||
| Preferred stock | 40 | ||||||||
| Common stock | 119 | 118 | 118 | 117 | 116 | 115 | 113 | ||
| Treasury stock, value | (5,837) | (4,901) | (4,266) | (4,236) | (4,220) | (3,150) | (1,639) | ||
| Additional paid in capital | 3,153 | 2,896 | 2,723 | 2,489 | 2,330 | 2,080 | 1,848 | ||
| Accumulated other comprehensive loss | (680) | (630) | (385) | (540) | (587) | (472) | (321) | ||
| Retained earnings | 7,367 | 6,247 | 5,503 | 4,049 | 3,229 | 2,425 | 1,774 | ||
| Unearned esop shares | (40) | ||||||||
| Total stockholders' equity: | 4,123 | 3,731 | 3,692 | 1,878 | 868 | 996 | 1,775 | ||
| TOTAL LIABILITIES AND EQUITY: | 20,496 | 19,134 | 19,958 | 6,753 | 5,792 | 5,706 | 6,383 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 17,901 | 17,534 | 14,984 | 11,856 | 11,339 | 11,130 | 10,186 | |
| Revenue, net | ✕ | ✕ | 14,984 | 11,856 | 11,339 | 11,130 | 10,186 | |
| Cost of revenue | (9,865) | (10,116) | (8,203) | (5,933) | (5,780) | (5,965) | (5,569) | |
| Cost of goods and services sold | (9,865) | |||||||
| Other undisclosed gross profit | (0) | (0) | 0 | (0) | (0) | |||
| Gross profit: | 8,036 | 7,419 | 6,781 | 5,922 | 5,559 | 5,164 | 4,617 | |
| Operating expenses | (5,723) | (5,744) | (5,124) | (4,269) | (4,070) | (3,991) | (3,553) | |
| Other undisclosed operating income | 496 | 937 | 637 | 511 | 473 | |||
| Operating income: | 2,809 | 2,611 | 2,294 | 2,164 | 1,963 | 1,173 | 1,063 | |
| Nonoperating income (expense) | (17) | (20) | 17 | 5 | (6) | 15 | (1) | |
| Investment income, nonoperating | 26 | 5 | 9 | 5 | 1 | 3 | 3 | |
| Foreign currency transaction loss, before tax | (4) | (8) | ||||||
| Other nonoperating income (expense) | (17) | (20) | 17 | 5 | (6) | 15 | (1) | |
| Interest and debt expense | (349) | (367) | (263) | (154) | (62) | (64) | (63) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (461) | (864) | (519) | (419) | (346) | 134 | 86 | |
| Income from continuing operations before income taxes: | 1,982 | 1,360 | 1,528 | 1,595 | 1,549 | 1,258 | 1,086 | |
| Income tax expense (benefit) | (441) | (251) | 286 | (463) | (495) | (392) | (333) | |
| Income from continuing operations: | 1,541 | 1,109 | 1,814 | 1,133 | 1,054 | 866 | 753 | |
| Loss from discontinued operations | (42) | |||||||
| Net income attributable to parent: | 1,541 | 1,109 | 1,772 | 1,133 | 1,054 | 866 | 753 | |
| Other undisclosed net loss available to common stockholders, basic | (4) | (5) | (5) | |||||
| Net income available to common stockholders, basic: | 1,541 | 1,109 | 1,772 | 1,133 | 1,049 | 861 | 748 | |
| Other undisclosed net income available to common stockholders, diluted | 0 | 0 | 0 | |||||
| Net income available to common stockholders, diluted: | 1,541 | 1,109 | 1,772 | 1,133 | 1,049 | 861 | 748 | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,541 | 1,109 | 1,772 | 1,133 | 1,054 | 866 | 753 | |
| Other comprehensive income (loss) | 9 | 17 | (24) | 22 | (2) | 28 | ||
| Comprehensive income: | 1,550 | 1,126 | 1,748 | 1,155 | 1,052 | 894 | 753 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (50) | (260) | 180 | 25 | (113) | (179) | 49 | |
| Comprehensive income, net of tax, attributable to parent: | 1,500 | 866 | 1,928 | 1,179 | 939 | 715 | 802 | |
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.