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)

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 investments185168164156141122112
Cash and cash equivalents185168164156141122112
Receivables1,3251,2181,2131,2011,2111,1981,182
Inventory, net of allowances, customer advances and progress billings760754726707674691668
Inventory760754726707674691668
Other undisclosed current assets110209204201191204193
Total current assets:2,3812,3482,3072,2652,2172,2152,155
Noncurrent Assets
Finance lease, right-of-use asset888 
Operating lease, right-of-use asset565255 
Property, plant and equipment 512506497495491479
Long-term investments and receivables1,4641,0851,0891,0771,0741,0581,051
Accounts and financing receivable, after allowance for credit loss1,4641,0851,0891,0771,0741,0581,051
Intangible assets, net (including goodwill)1,1581,1451,1351,1311,1351,1521,152
Goodwill914920907901902914911
Intangible assets, net (excluding goodwill)244225228231233238241
Deferred costs43   40  
Deferred income tax assets525454 
Other noncurrent assets62515248424950
Deferred tax assets, net  52
Other undisclosed noncurrent assets471341339472369390333
Total noncurrent assets:3,3133,2493,2393,2263,1563,1403,117
TOTAL ASSETS:5,6945,5965,5455,4915,3735,3555,272
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities306319320316325320311
Accounts payable199206215200201198199
Accrued liabilities53474254525045
Employee-related liabilities54666262727368
Debt203232168143177154116
Other liabilities371362373409374395420
Other undisclosed current liabilities68777069778781
Total current liabilities:948990931936952957927
Noncurrent Liabilities
Long-term debt and lease obligation984982984947946945945
Long-term debt, excluding current maturities947948948947946945945
Operating lease, liability383436 
Liabilities, other than long-term debt331299322299315242261
Deferred income tax liabilities694645 
Liability, pension and other postretirement and postemployment benefits156145167188203127152
Other liabilities106108110111112115109
Other undisclosed noncurrent liabilities   92412727
Total noncurrent liabilities:1,3151,2811,3061,3371,3031,2141,233
Total liabilities:2,2632,2712,2372,2732,2552,1712,160
Stockholders' equity
Stockholders' equity attributable to parent3,4093,3043,2883,1983,0993,1643,093
Common stock67676767676767
Treasury stock, value(1,309)(1,263)(1,206)(1,163)(1,123)(1,030)(968)
Additional paid in capital379375372361359361353
Accumulated other comprehensive loss(508)(544)(501)(496)(462)(370)(377)
Retained earnings4,7804,6684,5564,4284,2584,1364,019
Stockholders' equity attributable to noncontrolling interest22212120202018
Total stockholders' equity:3,4313,3253,3093,2183,1193,1843,112
TOTAL LIABILITIES AND EQUITY:5,6945,5965,5455,4915,3735,3555,272

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
Revenues1,0399861,0351,0071,0359801,037
Revenue, net955
Cost of revenue(14)(11)(12)(13)(16)(12)(468)
Cost of goods and services sold      (468)
Provision for loan, lease, and other losses(14)(11)(12)(13)(16)(12) 
Other undisclosed gross profit      (82)
Gross profit:1,0259751,0249951,019968487
Operating expenses      (294)
Other undisclosed operating income (loss)(791)(746)(773)(745)(781)(736)58
Operating income:234229251250238232251
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
23223(1)(1)
Interest and debt expense(12)(12)(12)(13)(12)(12)(12)
Income from continuing operations before equity method investments, income taxes:224220240239229219238
Income (loss) from equity method investments 001 (0)0
Income from continuing operations before income taxes:224220241239229219239
Income tax expense(49)(50)(56)(57)(50)(52)(56)
Net income:175169185182179167183
Net loss attributable to noncontrolling interest(4)(5)(5)(4)(4)(4)(4)
Net income available to common stockholders, diluted:171165180178175163179

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:175169185182179167183
Other comprehensive income (loss)36(43)(4)12(93)6(92)
Other undisclosed comprehensive income     2 
Comprehensive income:2111261811948717591
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(5)(5)(4)(4)(4)(4)
Comprehensive income, net of tax, attributable to parent:2071211761908317187

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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