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
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 investments780923185141927893
Cash and cash equivalents780923185141927893
Receivables1,3351,2831,3251,2111,1811,0711,010
Inventory, net of allowances, customer advances and progress billings804747760674639531498
Inventory804747760674639531498
Deferred tax assets   110
Other undisclosed current assets135130110191208205188
Total current assets:3,0533,0832,3812,2172,1191,8841,899
Noncurrent Assets
Finance lease, right-of-use asset578
Operating lease, right-of-use asset525256
Property, plant and equipment   495484425414
Long-term investments and receivables1,4921,5111,4641,0741,039935773
Accounts and financing receivable, after allowance for credit loss1,4921,5111,4641,0741,039935773
Intangible assets, net (including goodwill)1,4181,2431,1581,1351,1781,080985
Goodwill1,117982914902924896790
Intangible assets, net (excluding goodwill)302261244233254185195
Deferred costs44444340444750
Deferred income tax assets505052
Other noncurrent assets176926242544044
Deferred tax assets, net 5273106
Other undisclosed noncurrent assets470475471369279239216
Total noncurrent assets:3,7063,4743,3133,1563,1302,8392,588
TOTAL ASSETS:6,7606,5575,6945,3735,2494,7234,487
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities884373306325311318296
Accounts payable278223199201178171148
Accrued liabilities424 5352565352
Employee-related liabilities1821505472779596
Debt1726920317740128018
Other liabilities 446371374388308296
Other undisclosed current liabilities81786877948360
Total current liabilities:9821,1659489521,193990671
Noncurrent Liabilities
Long-term debt and lease obligation1,2171,216984946754709862
Long-term debt, excluding current maturities1,1831,182947946754709862
Operating lease, liability343438
Liabilities, other than long-term debt357330331315330390524
Deferred tax liabilities, net 2813170
Deferred income tax liabilities1237069
Liability, pension and other postretirement and postemployment benefits136162156203195283266
Other liabilities98981061121079389
Other undisclosed noncurrent liabilities   41   
Total noncurrent liabilities:1,5741,5461,3151,3031,0841,0991,386
Total liabilities:2,5562,7112,2632,2552,2772,0882,056
Stockholders' equity
Stockholders' equity attributable to parent4,1823,8253,4093,0992,9542,6172,413
Common stock67676767676767
Treasury stock, value(1,714)(1,425)(1,309)(1,123)(900)(654)(574)
Additional paid in capital473392379359343317296
Accumulated other comprehensive loss(344)(366)(508)(462)(329)(499)(364)
Retained earnings5,7005,1574,7804,2583,7723,3852,987
Stockholders' equity attributable to noncontrolling interest22222220181818
Total stockholders' equity:4,2043,8473,4313,1192,9722,6352,431
TOTAL LIABILITIES AND EQUITY:6,7606,5575,6945,3735,2494,7234,487

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
Revenues4,6023,9424,0684,0704,0003,7123,593
Revenue, net3,6873,4303,353
Cost of revenue(32)(55)(50)(58)(1,862)(1,721)(1,705)
Cost of goods and services sold    (1,862)(1,721)(1,705)
Provision for loan, lease, and other losses(32)(55)(50)(58)
Other undisclosed gross profit    (313)(281)(240)
Gross profit:4,5703,8884,0184,0131,8251,7101,648
Operating expenses    (1,161)(1,054)(1,054)
Other undisclosed operating income (loss)(3,446)(3,007)(3,056)(3,057)218199170
Operating income:1,124881962956882854765
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
17994(7)(1)(2)
Interest and debt expense(53)(54)(49)(50)(52)(52)(52)
Income from continuing operations before equity method investments, income taxes:1,087835922910822801711
Income from equity method investments2011131
Income from continuing operations before income taxes:1,088836923911823804712
Income tax expense(247)(189)(212)(214)(251)(244)(221)
Net income:841646711696572560491
Net loss attributable to noncontrolling interest(21)(19)(18)(16)(15)(13)(12)
Net income available to common stockholders, diluted:821627694680558546479

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:841646711696572560491
Other comprehensive income (loss)221420(133)170(134)(116)
Comprehensive income:863789711563742425375
Comprehensive loss, net of tax, attributable to noncontrolling interest(21)(19)(18)(16)(15)(13)(12)
Comprehensive income, net of tax, attributable to parent:842769694547727412363

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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