Snap-On Incorporated (SNA) financial statements (2021 and earlier)

Company profile

Business Address 2801 80TH STREET
KENOSHA, WI 53143
State of Incorp. DE
Fiscal Year End December 31
SIC 342 - Cutlery, Handtools, And General Hardware (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

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 investments185141927893133218
Cash and cash equivalents185141927893133218
Receivables1,3251,2111,1811,0711,010953906
Inventory, net of allowances, customer advances and progress billings760674639531498476434
Inventory760674639531498476434
Deferred tax assets✕   11010185
Other undisclosed current assets110191208205188196153
Total current assets:2,3812,2172,1191,8841,8991,8591,796
Noncurrent Assets
Finance lease, right-of-use asset8✕✕✕✕✕✕
Operating lease, right-of-use asset56✕✕✕✕✕✕
Property, plant and equipment 495484425414405393
Long-term investments and receivables1,4641,0741,039935773664575
Long-term investments     1314
Accounts and financing receivable, after allowance for credit loss1,4641,0741,039935773651561
Intangible assets, net (including goodwill)1,1581,1351,1781,0809851,0141,029
Goodwill914902924896790811839
Intangible assets, net (excluding goodwill)244233254185195203191
Deferred costs434044475050 
Deferred income tax assets52✕✕✕✕✕✕
Other noncurrent assets62425440444757
Deferred tax assets, net✕ 5273106(66)(87)
Other undisclosed noncurrent assets471369279239216338347
Total noncurrent assets:3,3133,1563,1302,8392,5882,4522,314
TOTAL ASSETS:5,6945,3735,2494,7234,4874,3104,110
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities306325311318296318211
Accounts payable199201178171148145156
Accrued liabilities53525653525448
Employee-related liabilities5472779596104 
Taxes payable     158
Debt2031774012801894113
Restructuring reserve     7✕
Deferred revenue and credits✕✕   3427
Other liabilities371374388308296298244
Other undisclosed current liabilities6877948360(32)121
Total current liabilities:9489521,193990671719715
Noncurrent Liabilities
Long-term debt and lease obligation984946754709862863859
Long-term debt, excluding current maturities947946754709862863859
Operating lease, liability38✕✕✕✕✕✕
Liabilities, other than long-term debt331315330390524503405
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕136
Deferred tax liabilities, net✕ 2813170159144
Deferred income tax liabilities69✕✕✕✕✕✕
Postemployment benefits liability✕✕✕✕✕✕42
Liability, pension and other postretirement and postemployment benefits156203195283266260✕
Other liabilities10611210793898484
Other undisclosed noncurrent liabilities 41     
Total noncurrent liabilities:1,3151,3031,0841,0991,3861,3661,264
Total liabilities:2,2632,2552,2772,0882,0562,0851,980
Stockholders' equity
Stockholders' equity attributable to parent3,4093,0992,9542,6172,4132,2082,113
Common stock67676767676767
Treasury stock, value(1,309)(1,123)(900)(654)(574)(503)(459)
Additional paid in capital379359343317296255225
Accumulated other comprehensive loss(508)(462)(329)(499)(364)(248)(45)
Retained earnings4,7804,2583,7723,3852,9872,6372,324
Stockholders' equity attributable to noncontrolling interest22201818181817
Total stockholders' equity:3,4313,1192,9722,6352,4312,2252,130
TOTAL LIABILITIES AND EQUITY:5,6945,3735,2494,7234,4874,3104,110

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,0684,0704,0003,7123,5933,4933,238
Revenue, net✕✕3,6873,4303,3533,2783,057
Cost of revenue(50)(58)(1,862)(1,721)(1,705)(1,759)(1,639)
Cost of goods and services sold  (1,862)(1,721)(1,705)(1,693)(1,584)
Provision for loan, lease, and other losses(50)(58)✕✕✕✕✕
Other undisclosed gross profit  (313)(281)(240)(149)(126)
Gross profit:4,0184,0131,8251,7101,6481,5841,473
Operating expenses  (1,161)(1,054)(1,054)(1,049)(1,012)
Other undisclosed operating income (loss)(3,056)(3,057)218199170149126
Operating income:962956882854765685586
Nonoperating income (expense)94(7)(1)(2)(2)(8)
Investment income, nonoperating     11
Foreign currency transaction loss, before tax     (2)(4)
Other nonoperating income (expense)94(7)(1)(2)(1)(4)
Interest and debt expense(49)(50)(52)(52)(52)(53)(56)
Other undisclosed income from continuing operations before equity method investments, income taxes     14
Income from continuing operations before equity method investments, income taxes:922910822801711631526
Income from equity method investments1113110
Income from continuing operations before income taxes:923911823804712632526
Income tax expense(212)(214)(251)(244)(221)(200)(167)
Net income:711696572560491432360
Net loss attributable to noncontrolling interest(18)(16)(15)(13)(12)(10)(9)
Net income available to common stockholders, diluted:694680558546479422350

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:711696572560491432360
Other comprehensive income (loss)0(133)170(134)(116)(203)79
Comprehensive income:711563742425375229439
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(18)(16)(15)(13)(12)(10)9
Other undisclosed comprehensive loss, net of tax, attributable to parent      (19)
Comprehensive income, net of tax, attributable to parent:694547727412363219430

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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