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
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16219014694156182155
Cash and cash equivalents16219014694156182155
Receivables2,0892,4792,6592,3402,0192,5842,625
Inventory, net of allowances, customer advances and progress billings1,8901,8251,8951,9931,8151,8611,875
Inventory1,8901,8251,8951,9931,8151,8611,875
Other current assets491414390388355411383
Total current assets:4,6324,9085,0904,8154,3445,0385,037
Noncurrent Assets
Operating lease, right-of-use asset1,6861,6591,668 
Property, plant and equipment1,8351,7981,7741,7631,7771,7661,776
Intangible assets, net (including goodwill)11,73911,84812,00512,08412,15812,25312,458
Goodwill7,0056,9596,9626,9566,9576,9636,994
Intangible assets, net (excluding goodwill)4,7354,8895,0445,1275,2025,2905,464
Contract with customer, asset, net   205214173131
Other noncurrent assets561618615601584617582
Other undisclosed noncurrent assets4333351,49457133171
Total noncurrent assets:15,86515,95716,09616,14614,79014,94315,118
TOTAL ASSETS:20,49620,86421,18620,96219,13419,98120,155
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5152,6622,6412,4242,3852,7652,628
Accounts payable1,8762,0282,0681,8941,7992,1662,049
Employee-related liabilities553539418401505500406
Taxes payable86951551298199173
Debt1,0061,2302,6081,129636961652
Accrued environmental loss contingencies   51   
Contract with customer, liability204   
Other liabilities9899629579551,141980910
Other undisclosed current liabilities1212136238136136 
Total current liabilities:4,5224,8666,3435,0014,2984,8424,190
Noncurrent Liabilities
Long-term debt and lease obligation9,4219,3958,5728,7038,7088,7119,723
Long-term debt, excluding current maturities8,0518,0437,2098,7038,7088,7119,723
Operating lease, liability1,3711,3521,362 
Liabilities, other than long-term debt2,4302,5802,5241,6261,5981,3001,338
Contract with customer, liability9999
Deferred income tax liabilities9701,0971,115 
Liability, pension and other postretirement and postemployment benefits263261260259258278277
Accrued environmental loss contingencies   319322210215
Other liabilities1,1971,2231,1501,0391,009804837
Other undisclosed noncurrent liabilities   2,1728001,153 
Total noncurrent liabilities:11,85111,97611,09612,50111,10611,16411,061
Total liabilities:16,37316,84117,43917,50215,40416,00615,251
Stockholders' equity
Stockholders' equity attributable to parent4,1234,0233,7473,4603,7313,9753,747
Common stock119119119119118118118
Treasury stock, value(5,837)(5,633)(5,504)(5,359)(4,901)(4,656)(4,621)
Additional paid in capital3,1533,0793,0112,9462,8962,8522,795
Accumulated other comprehensive loss(680)(767)(631)(632)(630)(611)(542)
Retained earnings7,3677,2246,7536,3876,2476,2715,998
Total stockholders' equity:4,1234,0233,7473,4603,7313,9753,747
Other undisclosed liabilities and equity      1,157
TOTAL LIABILITIES AND EQUITY:20,49620,86421,18620,96219,13419,98120,155

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues4,1144,8684,8784,0414,0644,7314,774
Cost of revenue(2,220)(2,642)(2,696)(2,306)(2,382)(2,721)(2,735)
Gross profit:1,8942,2262,1811,7351,6832,0102,039
Operating expenses(1,546)(1,400)(1,416)(1,356)(1,519)(1,501)(1,409)
Other undisclosed operating income12391138138373257175
Operating income:472916903518537767805
Nonoperating income (expense)38(31)(1)(23)(29)(2)1
Investment income, nonoperating24110311
Other nonoperating income (expense)38(31)(1)(23)(29)(2)1
Interest and debt expense(84)(85)(89)(91)(89)(92)(94)
Other undisclosed loss from continuing operations before equity method investments, income taxes(129)(90)(138)(105)(317)(257)(175)
Income from continuing operations before income taxes:297710676299102416538
Income tax expense(49)(133)(205)(54)(1)(62)(134)
Net income available to common stockholders, diluted:249576471245101354404

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:249576471245101354404
Other comprehensive income (loss)80(0)(0)17(0) 
Comprehensive income:257577471245118354404
Other undisclosed comprehensive income (loss), net of tax, attributable to parent79(137)26(34)(68)(207)
Comprehensive income, net of tax, attributable to parent:33644047225184286197

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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