Snap-On Incorporated (SNA) financial statements (2022 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments780736966905923788686
Cash and cash equivalents780736966905923788686
Receivables1,3351,3161,2851,2861,2831,2641,170
Inventory, net of allowances, customer advances and progress billings804790761730747764784
Inventory804790761730747764784
Other undisclosed current assets135133138132130122133
Total current assets:3,0532,9743,1503,0533,0832,9382,772
Noncurrent Assets
Finance lease, right-of-use asset5566778
Operating lease, right-of-use asset52535250525150
Long-term investments and receivables1,4921,4911,5041,4921,5111,4901,507
Accounts and financing receivable, after allowance for credit loss1,4921,4911,5041,4921,5111,4901,507
Intangible assets, net (including goodwill)1,4181,4211,4331,4161,2431,1801,166
Goodwill1,1171,1711,1781,162982939925
Intangible assets, net (excluding goodwill)302250255255261242241
Deferred costs44   44  
Deferred income tax assets50495250504747
Other noncurrent assets176737494925662
Other undisclosed noncurrent assets470516520513475498502
Total noncurrent assets:3,7063,6073,6423,6213,4743,3293,341
TOTAL ASSETS:6,7606,5816,7926,6746,5576,2686,114
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities884873876889373763734
Accounts payable278267280236223206186
Accrued liabilities424447450506 421435
Employee-related liabilities182159146148150136112
Debt172253253269 27
Other liabilities    446  
Other undisclosed current liabilities8110494927835468
Total current liabilities:9829801,2221,2341,1651,117829
Noncurrent Liabilities
Long-term debt and lease obligation1,2171,2181,2171,2141,2161,2151,470
Long-term debt, excluding current maturities1,1831,1831,1831,1821,1821,1821,437
Operating lease, liability34353432343433
Liabilities, other than long-term debt357314327327330294305
Deferred income tax liabilities123808275706468
Liability, pension and other postretirement and postemployment benefits136136145151162135141
Other liabilities9899101101989697
Total noncurrent liabilities:1,5741,5321,5441,5421,5461,5101,776
Total liabilities:2,5562,5122,7662,7762,7112,6272,605
Stockholders' equity
Stockholders' equity attributable to parent4,1824,0474,0033,8763,8253,6193,487
Common stock67676767676767
Treasury stock, value(1,714)(1,646)(1,586)(1,505)(1,425)(1,384)(1,344)
Additional paid in capital473468461420392386383
Accumulated other comprehensive loss(344)(395)(363)(388)(366)(466)(514)
Retained earnings5,7005,5535,4245,2835,1575,0154,894
Stockholders' equity attributable to noncontrolling interest22222222222222
Total stockholders' equity:4,2044,0694,0263,8983,8473,6413,509
TOTAL LIABILITIES AND EQUITY:6,7606,5816,7926,6746,5576,2686,114

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues1,1951,1251,1681,1131,1681,027809
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(8)  (11)(13)  
Gross profit:1,1871,1251,1681,1021,1541,027809
Other undisclosed operating loss(887)(853)(882)(836)(870)(776)(660)
Operating income:299272286266285251149
Nonoperating income
(Other Nonoperating income)
5434232
Interest and debt expense(11)(13)(14)(14)(15)(14)(13)
Income from continuing operations before equity method investments, income taxes:293262275256272240137
Income (loss) from equity method investments  11 (1)1
Other undisclosed income from continuing operations before income taxes    0  
Income from continuing operations before income taxes:293262276257272240138
Income tax expense(64)(61)(63)(59)(58)(55)(32)
Net income:229202213198214185106
Net loss attributable to noncontrolling interest(5)(5)(5)(5)(5)(5)(5)
Net income available to common stockholders, diluted:224196208193209180101

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:229202213198214185106
Other comprehensive income (loss)51(32)26(23)1004996
Comprehensive income:280169239175314234201
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(5)(5)(5)(5)(5)(5)
Comprehensive income, net of tax, attributable to parent:275164234170309229197

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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