Sherwin-Williams Company (The) (SHW) financial statements (2020 and earlier)

Company profile

Business Address 101 PROSPECT AVE NW
CLEVELAND, OH 44115
State of Incorp. OH
Fiscal Year End December 31
SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

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 investments16215620489020641745
Cash and cash equivalents16215620489020641745
Receivables2,0892,0192,1051,2311,1141,1311,098
Inventory, net of allowances, customer advances and progress billings1,8901,8151,8011,0681,0191,034971
Inventory1,8901,8151,8011,0681,0191,034971
Other current assets491355356381232253241
Other undisclosed current assets   5788109104
Total current assets:4,6324,3444,4663,6272,6592,5673,159
Noncurrent Assets
Operating lease, right-of-use asset1,686
Property, plant and equipment1,8351,7771,8771,0961,0421,0211,021
Intangible assets, net (including goodwill)11,73912,15812,8171,3821,3991,4471,492
Goodwill7,0056,9576,8141,1271,1431,1581,179
Intangible assets, net (excluding goodwill)4,7355,2026,002255255289313
Contract with customer, asset, net 214
Other noncurrent assets561584502422448421408
Defined benefit plan, assets for plan benefits226245250302
Other undisclosed noncurrent assets4357297    
Total noncurrent assets:15,86514,79015,4933,1253,1333,1393,224
TOTAL ASSETS:20,49619,13419,9586,7535,7925,7066,383
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5152,3852,3801,5091,5771,4891,416
Accounts payable1,8761,7991,7921,0351,1581,042998
Employee-related liabilities553505508398338360338
Taxes payable86818077818780
Debt1,00663663574143683599
Accrued environmental loss contingencies     1715
Other liabilities9891,141973579522509513
Other undisclosed current liabilities12136   (17)(15)
Total current liabilities:4,5224,2983,9872,8292,1422,6812,529
Noncurrent Liabilities
Long-term debt and lease obligation9,4218,7089,8861,2111,9201,1231,122
Long-term debt, excluding current maturities8,0518,7089,8861,2111,9201,1231,122
Operating lease, liability1,371
Liabilities, other than long-term debt2,4301,5981,139834862906957
Pension and other postretirement defined benefit plans, liabilities269
Contract with customer, liability9
Deferred income tax liabilities970
Liability, pension and other postretirement and postemployment benefits263258275250249278
Accrued environmental loss contingencies 322180    
Other liabilities1,1971,009684583613628688
Other undisclosed noncurrent liabilities 8001,255    
Total noncurrent liabilities:11,85111,10612,2792,0452,7822,0292,079
Total liabilities:16,37315,40416,2664,8744,9244,7104,608
Stockholders' equity
Stockholders' equity attributable to parent4,1233,7313,6921,8788689961,775
Preferred stock      40
Common stock119118118117116115113
Treasury stock, value(5,837)(4,901)(4,266)(4,236)(4,220)(3,150)(1,639)
Additional paid in capital3,1532,8962,7232,4892,3302,0801,848
Accumulated other comprehensive loss(680)(630)(385)(540)(587)(472)(321)
Retained earnings7,3676,2475,5034,0493,2292,4251,774
Unearned esop shares      (40)
Total stockholders' equity:4,1233,7313,6921,8788689961,775
TOTAL LIABILITIES AND EQUITY:20,49619,13419,9586,7535,7925,7066,383

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues17,90117,53414,98411,85611,33911,13010,186
Revenue, net14,98411,85611,33911,13010,186
Cost of revenue(9,865)(10,116)(8,203)(5,933)(5,780)(5,965)(5,569)
Cost of goods and services sold(9,865)      
Other undisclosed gross profit  (0)(0)0(0)(0)
Gross profit:8,0367,4196,7815,9225,5595,1644,617
Operating expenses(5,723)(5,744)(5,124)(4,269)(4,070)(3,991)(3,553)
Other undisclosed operating income496937637511473  
Operating income:2,8092,6112,2942,1641,9631,1731,063
Nonoperating income (expense)(17)(20)175(6)15(1)
Investment income, nonoperating26595133
Foreign currency transaction loss, before tax     (4)(8)
Other nonoperating income (expense)(17)(20)175(6)15(1)
Interest and debt expense(349)(367)(263)(154)(62)(64)(63)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(461)(864)(519)(419)(346)13486
Income from continuing operations before income taxes:1,9821,3601,5281,5951,5491,2581,086
Income tax expense (benefit)(441)(251)286(463)(495)(392)(333)
Income from continuing operations:1,5411,1091,8141,1331,054866753
Loss from discontinued operations  (42)    
Net income attributable to parent:1,5411,1091,7721,1331,054866753
Other undisclosed net loss available to common stockholders, basic    (4)(5)(5)
Net income available to common stockholders, basic:1,5411,1091,7721,1331,049861748
Other undisclosed net income available to common stockholders, diluted    000
Net income available to common stockholders, diluted:1,5411,1091,7721,1331,049861748

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,5411,1091,7721,1331,054866753
Other comprehensive income (loss)917(24)22(2)28 
Comprehensive income:1,5501,1261,7481,1551,052894753
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(50)(260)18025(113)(179)49
Comprehensive income, net of tax, attributable to parent:1,5008661,9281,179939715802

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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