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 investments75778092318514192
Cash and cash equivalents75778092318514192
Receivables1,4341,3351,2831,3251,2111,181
Inventory, net of allowances, customer advances and progress billings1,033804747760674639
Inventory1,033804747760674639
Other undisclosed current assets145135130110191208
Total current assets:3,3693,0533,0832,3812,2172,119
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization3578
Operating lease, right-of-use asset62525256
Property, plant and equipment     495484
Long-term investments and receivables1,5551,4921,5111,4641,0741,039
Accounts and financing receivable, after allowance for credit loss1,5551,4921,5111,4641,0741,039
Intangible assets, net (including goodwill)1,3211,4181,2431,1581,1351,178
Goodwill1,0451,117982914902924
Intangible assets, net (excluding goodwill)276302261244233254
Deferred costs 424444434044
Deferred income tax assets70505052
Other noncurrent assets1417692624254
Deferred tax assets, net 52
Other undisclosed noncurrent assets538470475471369279
Total noncurrent assets:3,6043,7063,4743,3133,1563,130
TOTAL ASSETS:6,9736,7606,5575,6945,3735,249
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities881884373306325311
Employee-related liabilities182150547277
Accounts payable287278223199201178
Accrued liabilities594424 535256
Debt1917269203177401
Other liabilities   446371374388
Other undisclosed current liabilities728178687794
Total current liabilities:9729821,1659489521,193
Noncurrent Liabilities
Long-term debt and lease obligation1,1841,2171,216984946754
Long-term debt, excluding current maturities1,1841,1831,182947946754
Liabilities, other than long-term debt314357330331315330
Deferred tax liabilities, net 28
Deferred income tax liabilities821237069
Liability, pension and other postretirement and postemployment benefits102136162156203195
Other liabilities859898106112107
Operating lease, liability45343438
Other undisclosed noncurrent liabilities     41 
Total noncurrent liabilities:1,4981,5741,5461,3151,3031,084
Total liabilities:2,4692,5562,7112,2632,2552,277
Equity
Equity, attributable to parent4,4814,1823,8253,4093,0992,954
Common stock676767676767
Treasury stock, value(1,854)(1,714)(1,425)(1,309)(1,123)(900)
Additional paid in capital500473392379359343
Accumulated other comprehensive loss(528)(344)(366)(508)(462)(329)
Retained earnings6,2965,7005,1574,7804,2583,772
Equity, attributable to noncontrolling interest222222222018
Total equity:4,5044,2043,8473,4313,1192,972
TOTAL LIABILITIES AND EQUITY:6,9736,7606,5575,6945,3735,249

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
Revenues4,8434,6023,9424,0684,0704,000
Revenue, net3,687
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:4,8054,5703,8884,0184,0131,825
Operating expenses      (1,161)
Other undisclosed operating income (loss)(3,598)(3,446)(3,007)(3,056)(3,057)218
Operating income:1,2071,124881962956882
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
4317994(7)
Interest and debt expense(47)(53)(54)(49)(50)(52)
Income from continuing operations before equity method investments, income taxes:1,2031,087835922910822
Income from equity method investments  20111
Income from continuing operations before income taxes:1,2031,088836923911823
Income tax expense(269)(247)(189)(212)(214)(251)
Income from continuing operations:934841646711696572
Income before gain (loss) on sale of properties:841646711696572
Net income:934841646711696572
Net loss attributable to noncontrolling interest(22)(21)(19)(18)(16)(15)
Net income available to common stockholders, diluted:912821627694680558

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:934841646711696572
Other comprehensive income (loss)(184)221420(133)170
Comprehensive income:750863789711563742
Comprehensive loss, net of tax, attributable to noncontrolling interest(22)(21)(19)(18)(16)(15)
Comprehensive income, net of tax, attributable to parent:727842769694547727

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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