Sherwin-Williams Company (The) (SHW) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22716215620489020641
Cash and cash equivalents22716215620489020641
Receivables2,0782,0892,0192,1051,2311,1141,131
Inventory, net of allowances, customer advances and progress billings1,8041,8901,8151,8011,0681,0191,034
Inventory1,8041,8901,8151,8011,0681,0191,034
Other current assets483491355356381232253
Other undisclosed current assets    5788109
Total current assets:4,5914,6324,3444,4663,6272,6592,567
Noncurrent Assets
Operating lease, right-of-use asset1,7611,686
Property, plant and equipment1,8351,8351,7771,8771,0961,0421,021
Intangible assets, net (including goodwill)11,52011,73912,15812,8171,3821,3991,447
Goodwill7,0497,0056,9576,8141,1271,1431,158
Intangible assets, net (excluding goodwill)4,4714,7355,2026,002255255289
Contract with customer, asset, net  214
Other noncurrent assets641561584502422448421
Defined benefit plan, assets for plan benefits226245250
Other undisclosed noncurrent assets534357297   
Total noncurrent assets:15,81015,86514,79015,4933,1253,1333,139
TOTAL ASSETS:20,40220,49619,13419,9586,7535,7925,706
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,0542,5152,3852,3801,5091,5771,489
Accounts payable2,1181,8761,7991,7921,0351,1581,042
Employee-related liabilities753553505508398338360
Taxes payable184868180778187
Deferred revenue266 
Debt251,00663663574143683
Accrued environmental loss contingencies69     17
Other liabilities1,1169891,141973579522509
Other undisclosed current liabilities6412136   (17)
Total current liabilities:4,5944,5224,2983,9872,8292,1422,681
Noncurrent Liabilities
Long-term debt and lease obligation9,7019,4218,7089,8861,2111,9201,123
Long-term debt, excluding current maturities8,2678,0518,7089,8861,2111,9201,123
Operating lease, liability1,4341,371
Liabilities, other than long-term debt2,4952,4301,5981,139834862906
Contract with customer, liability9
Deferred income tax liabilities846970
Liability, pension and other postretirement and postemployment benefits276263258275250249278
Accrued environmental loss contingencies  322180   
Other liabilities1,3741,1971,009684583613628
Other undisclosed noncurrent liabilities  8001,255   
Total noncurrent liabilities:12,19611,85111,10612,2792,0452,7822,029
Total liabilities:16,79116,37315,40416,2664,8744,9244,710
Stockholders' equity
Stockholders' equity attributable to parent3,6114,1233,7313,6921,878868996
Common stock90119118118117116115
Treasury stock, value(97)(5,837)(4,901)(4,266)(4,236)(4,220)(3,150)
Additional paid in capital3,4913,1532,8962,7232,4892,3302,080
Accumulated other comprehensive loss(718)(680)(630)(385)(540)(587)(472)
Retained earnings8447,3676,2475,5034,0493,2292,425
Total stockholders' equity:3,6114,1233,7313,6921,878868996
TOTAL LIABILITIES AND EQUITY:20,40220,49619,13419,9586,7535,7925,706

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues18,36217,90117,53414,98411,85611,33911,130
Revenue, net14,98411,85611,33911,130
Cost of revenue(9,679)(9,865)(10,116)(8,203)(5,933)(5,780)(5,965)
Cost of goods and services sold(9,679)(9,865)     
Other undisclosed gross profit   (0)(0)0(0)
Gross profit:8,6838,0367,4196,7815,9225,5595,164
Operating expenses(5,878)(5,723)(5,744)(5,124)(4,269)(4,070)(3,991)
Other undisclosed operating income569496937637511473 
Operating income:3,3742,8092,6112,2942,1641,9631,173
Nonoperating income (expense)(2)(17)(20)175(6)15
Investment income, nonoperating42659513
Foreign currency transaction loss, before tax      (4)
Other nonoperating income (expense)(5)(17)(20)175(6)15
Interest and debt expense(340)(349)(367)(263)(154)(62)(64)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(513)(461)(864)(519)(419)(346)134
Income from continuing operations before income taxes:2,5191,9821,3601,5281,5951,5491,258
Income tax expense (benefit)(489)(441)(251)286(463)(495)(392)
Income from continuing operations:2,0301,5411,1091,8141,1331,054866
Loss from discontinued operations   (42)   
Net income attributable to parent:2,0301,5411,1091,7721,1331,054866
Other undisclosed net loss available to common stockholders, basic     (4)(5)
Net income available to common stockholders, basic:2,0301,5411,1091,7721,1331,049861
Other undisclosed net income available to common stockholders, diluted     00
Net income available to common stockholders, diluted:2,0301,5411,1091,7721,1331,049861

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:2,0301,5411,1091,7721,1331,054866
Other comprehensive income (loss)4917(24)22(2)28
Comprehensive income:2,0341,5501,1261,7481,1551,052894
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(43)(50)(260)18025(113)(179)
Comprehensive income, net of tax, attributable to parent:1,9921,5008661,9281,179939715

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: