Snap-On Incorporated (SNA) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
2801 80TH STREET KENOSHA, WI 53143 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 342 - Cutlery, Handtools, And General Hardware (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 757 | 780 | 923 | 185 | 141 | 92 | |||
| Cash and cash equivalents | 757 | 780 | 923 | 185 | 141 | 92 | |||
| Receivables | 1,434 | 1,335 | 1,283 | 1,325 | 1,211 | 1,181 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,033 | 804 | 747 | 760 | 674 | 639 | |||
| Inventory | 1,033 | 804 | 747 | 760 | 674 | 639 | |||
| Other undisclosed current assets | 145 | 135 | 130 | 110 | 191 | 208 | |||
| Total current assets: | 3,369 | 3,053 | 3,083 | 2,381 | 2,217 | 2,119 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 3 | 5 | 7 | 8 | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 62 | 52 | 52 | 56 | ✕ | ✕ | |||
| Property, plant and equipment | 495 | 484 | |||||||
| Long-term investments and receivables | 1,555 | 1,492 | 1,511 | 1,464 | 1,074 | 1,039 | |||
| Accounts and financing receivable, after allowance for credit loss | 1,555 | 1,492 | 1,511 | 1,464 | 1,074 | 1,039 | |||
| Intangible assets, net (including goodwill) | 1,321 | 1,418 | 1,243 | 1,158 | 1,135 | 1,178 | |||
| Goodwill | 1,045 | 1,117 | 982 | 914 | 902 | 924 | |||
| Intangible assets, net (excluding goodwill) | 276 | 302 | 261 | 244 | 233 | 254 | |||
| Deferred costs | 42 | 44 | 44 | 43 | 40 | 44 | |||
| Deferred income tax assets | 70 | 50 | 50 | 52 | ✕ | ✕ | |||
| Other noncurrent assets | 14 | 176 | 92 | 62 | 42 | 54 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 52 | |||
| Other undisclosed noncurrent assets | 538 | 470 | 475 | 471 | 369 | 279 | |||
| Total noncurrent assets: | 3,604 | 3,706 | 3,474 | 3,313 | 3,156 | 3,130 | |||
| TOTAL ASSETS: | 6,973 | 6,760 | 6,557 | 5,694 | 5,373 | 5,249 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 881 | 884 | 373 | 306 | 325 | 311 | |||
| Employee-related liabilities | ✕ | ✕ | 182 | 150 | 54 | 72 | 77 | ||
| Accounts payable | 287 | 278 | 223 | 199 | 201 | 178 | |||
| Accrued liabilities | 594 | 424 | 53 | 52 | 56 | ||||
| Debt | 19 | 17 | 269 | 203 | 177 | 401 | |||
| Other liabilities | 446 | 371 | 374 | 388 | |||||
| Other undisclosed current liabilities | 72 | 81 | 78 | 68 | 77 | 94 | |||
| Total current liabilities: | 972 | 982 | 1,165 | 948 | 952 | 1,193 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,184 | 1,217 | 1,216 | 984 | 946 | 754 | |||
| Long-term debt, excluding current maturities | 1,184 | 1,183 | 1,182 | 947 | 946 | 754 | |||
| Liabilities, other than long-term debt | 314 | 357 | 330 | 331 | 315 | 330 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 28 | |||
| Deferred income tax liabilities | 82 | 123 | 70 | 69 | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 102 | 136 | 162 | 156 | 203 | 195 | |||
| Other liabilities | 85 | 98 | 98 | 106 | 112 | 107 | |||
| Operating lease, liability | 45 | 34 | 34 | 38 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 41 | ||||||||
| Total noncurrent liabilities: | 1,498 | 1,574 | 1,546 | 1,315 | 1,303 | 1,084 | |||
| Total liabilities: | 2,469 | 2,556 | 2,711 | 2,263 | 2,255 | 2,277 | |||
| Equity | |||||||||
| Equity, attributable to parent | 4,481 | 4,182 | 3,825 | 3,409 | 3,099 | 2,954 | |||
| Common stock | 67 | 67 | 67 | 67 | 67 | 67 | |||
| Treasury stock, value | (1,854) | (1,714) | (1,425) | (1,309) | (1,123) | (900) | |||
| Additional paid in capital | 500 | 473 | 392 | 379 | 359 | 343 | |||
| Accumulated other comprehensive loss | (528) | (344) | (366) | (508) | (462) | (329) | |||
| Retained earnings | 6,296 | 5,700 | 5,157 | 4,780 | 4,258 | 3,772 | |||
| Equity, attributable to noncontrolling interest | 22 | 22 | 22 | 22 | 20 | 18 | |||
| Total equity: | 4,504 | 4,204 | 3,847 | 3,431 | 3,119 | 2,972 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,973 | 6,760 | 6,557 | 5,694 | 5,373 | 5,249 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,843 | 4,602 | 3,942 | 4,068 | 4,070 | 4,000 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,687 | |
| Cost of revenue | (38) | (32) | (55) | (50) | (58) | (1,862) | ||
| Cost of goods and services sold | (1,862) | |||||||
| Provision for loan, lease, and other losses | (38) | (32) | (55) | (50) | (58) | ✕ | ||
| Other undisclosed gross profit | (313) | |||||||
| Gross profit: | 4,805 | 4,570 | 3,888 | 4,018 | 4,013 | 1,825 | ||
| Operating expenses | (1,161) | |||||||
| Other undisclosed operating income (loss) | (3,598) | (3,446) | (3,007) | (3,056) | (3,057) | 218 | ||
| Operating income: | 1,207 | 1,124 | 881 | 962 | 956 | 882 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 43 | 17 | 9 | 9 | 4 | (7) | ||
| Interest and debt expense | (47) | (53) | (54) | (49) | (50) | (52) | ||
| Income from continuing operations before equity method investments, income taxes: | 1,203 | 1,087 | 835 | 922 | 910 | 822 | ||
| Income from equity method investments | 2 | 0 | 1 | 1 | 1 | |||
| Income from continuing operations before income taxes: | 1,203 | 1,088 | 836 | 923 | 911 | 823 | ||
| Income tax expense | (269) | (247) | (189) | (212) | (214) | (251) | ||
| Income from continuing operations: | 934 | 841 | 646 | 711 | 696 | 572 | ||
| Income before gain (loss) on sale of properties: | ✕ | 841 | 646 | 711 | 696 | 572 | ||
| Net income: | 934 | 841 | 646 | 711 | 696 | 572 | ||
| Net loss attributable to noncontrolling interest | (22) | (21) | (19) | (18) | (16) | (15) | ||
| Net income available to common stockholders, diluted: | 912 | 821 | 627 | 694 | 680 | 558 | ||
Comprehensive Income ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 934 | 841 | 646 | 711 | 696 | 572 | ||
| Other comprehensive income (loss) | (184) | 22 | 142 | 0 | (133) | 170 | ||
| Comprehensive income: | 750 | 863 | 789 | 711 | 563 | 742 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (22) | (21) | (19) | (18) | (16) | (15) | ||
| Comprehensive income, net of tax, attributable to parent: | 727 | 842 | 769 | 694 | 547 | 727 | ||
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.