Sherwin-Williams Company (The) (SHW) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments166227162156204890206
Cash and cash equivalents166227162156204890206
Receivables2,3522,0782,0892,0192,1051,2311,114
Inventory, net of allowances, customer advances and progress billings1,9271,8041,8901,8151,8011,0681,019
Inventory1,9271,8041,8901,8151,8011,0681,019
Other current assets608483491355356381232
Other undisclosed current assets     5788
Total current assets:5,0544,5914,6324,3444,4663,6272,659
Noncurrent Assets
Operating lease, right-of-use asset1,8211,7611,686
Property, plant and equipment1,8671,8351,8351,7771,8771,0961,042
Intangible assets, net (including goodwill)11,13611,52011,73912,15812,8171,3821,399
Goodwill7,1357,0497,0056,9576,8141,1271,143
Intangible assets, net (excluding goodwill)4,0024,4714,7355,2026,002255255
Contract with customer, asset, net   214
Other noncurrent assets789641561584502422448
Defined benefit plan, assets for plan benefits226245
Other undisclosed noncurrent assets 534357297  
Total noncurrent assets:15,61315,81015,86514,79015,4933,1253,133
TOTAL ASSETS:20,66720,40220,49619,13419,9586,7535,792
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2803,0542,5152,3852,3801,5091,577
Accounts payable2,4032,1181,8761,7991,7921,0351,158
Employee-related liabilities717753553505508398338
Taxes payable1601848681807781
Deferred revenue260266 
Debt1,024251,00663663574143
Accrued environmental loss contingencies4669     
Other liabilities1,0061,1169891,141973579522
Other undisclosed current liabilities1046412136   
Total current liabilities:5,7204,5944,5224,2983,9872,8292,142
Noncurrent Liabilities
Long-term debt and lease obligation10,0629,7019,4218,7089,8861,2111,920
Long-term debt, excluding current maturities8,5918,2678,0518,7089,8861,2111,920
Operating lease, liability1,4711,4341,371
Liabilities, other than long-term debt2,4482,4952,4301,5981,139834862
Contract with customer, liability9
Deferred income tax liabilities768846970
Liability, pension and other postretirement and postemployment benefits259276263258275250249
Accrued environmental loss contingencies   322180  
Other liabilities1,4211,3741,1971,009684583613
Other undisclosed noncurrent liabilities   8001,255  
Total noncurrent liabilities:12,51012,19611,85111,10612,2792,0452,782
Total liabilities:18,23016,79116,37315,40416,2664,8744,924
Stockholders' equity
Stockholders' equity attributable to parent2,4373,6114,1233,7313,6921,878868
Common stock9190119118118117116
Treasury stock, value(2,870)(97)(5,837)(4,901)(4,266)(4,236)(4,220)
Additional paid in capital3,7933,4913,1532,8962,7232,4892,330
Accumulated other comprehensive loss(698)(718)(680)(630)(385)(540)(587)
Retained earnings2,1228447,3676,2475,5034,0493,229
Total stockholders' equity:2,4373,6114,1233,7313,6921,878868
TOTAL LIABILITIES AND EQUITY:20,66720,40220,49619,13419,9586,7535,792

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues19,94518,36217,90117,53414,98411,85611,339
Revenue, net14,98411,85611,339
Cost of revenue(11,402)(9,679)(9,865)(10,116)(8,203)(5,933)(5,780)
Cost of goods and services sold(11,402)(9,679)(9,865)    
Other undisclosed gross profit    (0)(0)0
Gross profit:8,5438,6838,0367,4196,7815,9225,559
Operating expenses(6,018)(5,878)(5,723)(5,744)(5,124)(4,269)(4,070)
Other operating expense, net(102)      
Other undisclosed operating income660569496937637511473
Operating income:3,0843,3742,8092,6112,2942,1641,963
Nonoperating income (expense)24(2)(17)(20)175(6)
Investment income, nonoperating54265951
Other nonoperating income (expense)20(5)(17)(20)175(6)
Interest and debt expense(335)(340)(349)(367)(263)(154)(62)
Other undisclosed loss from continuing operations before equity method investments, income taxes (513)(461)(864)(519)(419)(346)
Income from continuing operations before equity method investments, income taxes:2,7732,5191,9821,3601,5281,5951,549
Other undisclosed loss from continuing operations before income taxes(525)      
Income from continuing operations before income taxes:2,2492,5191,9821,3601,5281,5951,549
Income tax expense (benefit)(384)(489)(441)(251)286(463)(495)
Income from continuing operations:1,8642,0301,5411,1091,8141,1331,054
Loss from discontinued operations    (42)  
Net income attributable to parent:1,8642,0301,5411,1091,7721,1331,054
Other undisclosed net loss available to common stockholders, basic      (4)
Net income available to common stockholders, basic:1,8642,0301,5411,1091,7721,1331,049
Other undisclosed net income available to common stockholders, diluted      0
Net income available to common stockholders, diluted:1,8642,0301,5411,1091,7721,1331,049

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,8642,0301,5411,1091,7721,1331,054
Other comprehensive income (loss)(15)4917(24)22(2)
Comprehensive income:1,8502,0341,5501,1261,7481,1551,052
Other undisclosed comprehensive income (loss), net of tax, attributable to parent35(43)(50)(260)18025(113)
Comprehensive income, net of tax, attributable to parent:1,8841,9921,5008661,9281,179939

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: