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)

12/31/2020
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 investments923185141927893133
Cash and cash equivalents923185141927893133
Receivables1,2831,3251,2111,1811,0711,010953
Inventory, net of allowances, customer advances and progress billings747760674639531498476
Inventory747760674639531498476
Deferred tax assets   110101
Other undisclosed current assets130110191208205188196
Total current assets:3,0832,3812,2172,1191,8841,8991,859
Noncurrent Assets
Finance lease, right-of-use asset78
Operating lease, right-of-use asset5256
Property, plant and equipment  495484425414405
Long-term investments and receivables1,5111,4641,0741,039935773664
Long-term investments      13
Accounts and financing receivable, after allowance for credit loss1,5111,4641,0741,039935773651
Intangible assets, net (including goodwill)1,2431,1581,1351,1781,0809851,014
Goodwill982914902924896790811
Intangible assets, net (excluding goodwill)261244233254185195203
Deferred costs44434044475050
Deferred income tax assets5052
Other noncurrent assets92624254404447
Deferred tax assets, net 5273106(66)
Other undisclosed noncurrent assets475471369279239216338
Total noncurrent assets:3,4743,3133,1563,1302,8392,5882,452
TOTAL ASSETS:6,5575,6945,3735,2494,7234,4874,310
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities373306325311318296318
Accounts payable223199201178171148145
Accrued liabilities 535256535254
Employee-related liabilities1505472779596104
Taxes payable      15
Debt2692031774012801894
Restructuring reserve      7
Deferred revenue and credits   34
Other liabilities446371374388308296298
Other undisclosed current liabilities786877948360(32)
Total current liabilities:1,1659489521,193990671719
Noncurrent Liabilities
Long-term debt and lease obligation1,216984946754709862863
Long-term debt, excluding current maturities1,182947946754709862863
Operating lease, liability3438
Liabilities, other than long-term debt330331315330390524503
Deferred tax liabilities, net 2813170159
Deferred income tax liabilities7069
Liability, pension and other postretirement and postemployment benefits162156203195283266260
Other liabilities98106112107938984
Other undisclosed noncurrent liabilities  41    
Total noncurrent liabilities:1,5461,3151,3031,0841,0991,3861,366
Total liabilities:2,7112,2632,2552,2772,0882,0562,085
Stockholders' equity
Stockholders' equity attributable to parent3,8253,4093,0992,9542,6172,4132,208
Common stock67676767676767
Treasury stock, value(1,425)(1,309)(1,123)(900)(654)(574)(503)
Additional paid in capital392379359343317296255
Accumulated other comprehensive loss(366)(508)(462)(329)(499)(364)(248)
Retained earnings5,1574,7804,2583,7723,3852,9872,637
Stockholders' equity attributable to noncontrolling interest22222018181818
Total stockholders' equity:3,8473,4313,1192,9722,6352,4312,225
TOTAL LIABILITIES AND EQUITY:6,5575,6945,3735,2494,7234,4874,310

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
Revenues3,9424,0684,0704,0003,7123,5933,493
Revenue, net3,6873,4303,3533,278
Cost of revenue(55)(50)(58)(1,862)(1,721)(1,705)(1,759)
Cost of goods and services sold   (1,862)(1,721)(1,705)(1,693)
Provision for loan, lease, and other losses(55)(50)(58)
Other undisclosed gross profit   (313)(281)(240)(149)
Gross profit:3,8884,0184,0131,8251,7101,6481,584
Operating expenses   (1,161)(1,054)(1,054)(1,049)
Other undisclosed operating income (loss)(3,007)(3,056)(3,057)218199170149
Operating income:881962956882854765685
Nonoperating income (expense)994(7)(1)(2)(2)
Investment income, nonoperating      1
Foreign currency transaction loss, before tax      (2)
Other nonoperating income (expense)994(7)(1)(2)(1)
Interest and debt expense(54)(49)(50)(52)(52)(52)(53)
Other undisclosed income from continuing operations before equity method investments, income taxes      1
Income from continuing operations before equity method investments, income taxes:835922910822801711631
Income from equity method investments0111311
Income from continuing operations before income taxes:836923911823804712632
Income tax expense(189)(212)(214)(251)(244)(221)(200)
Net income:646711696572560491432
Net loss attributable to noncontrolling interest(19)(18)(16)(15)(13)(12)(10)
Net income available to common stockholders, diluted:627694680558546479422

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:646711696572560491432
Other comprehensive income (loss)1420(133)170(134)(116)(203)
Comprehensive income:789711563742425375229
Comprehensive loss, net of tax, attributable to noncontrolling interest(19)(18)(16)(15)(13)(12)(10)
Comprehensive income, net of tax, attributable to parent:769694547727412363219

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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