2012 Q3 Form 10-Q Financial Statement

#000004982612000096 Filed on October 26, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3
Revenue $3.733B $4.580B
YoY Change -18.49% 16.21%
Cost Of Revenue $2.289B $2.962B
YoY Change -22.72% 16.23%
Gross Profit $1.444B $1.618B
YoY Change -10.75% 16.18%
Gross Profit Margin 38.68% 35.33%
Selling, General & Admin $713.0M $836.4M
YoY Change -14.75% 16.04%
% of Gross Profit 49.38% 51.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $152.0M $154.4M
YoY Change -1.55% 13.03%
% of Gross Profit 10.53% 9.54%
Operating Expenses $775.0M $904.7M
YoY Change -14.34% 17.2%
Operating Profit $667.0M $714.0M
YoY Change -6.58% 15.01%
Interest Expense $52.00M $49.00M
YoY Change 6.12% -212.64%
% of Operating Profit 7.8% 6.86%
Other Income/Expense, Net $1.000M $24.70M
YoY Change -95.95% 2370.0%
Pretax Income $616.0M $690.0M
YoY Change -10.72% 19.54%
Income Tax $171.0M $200.0M
% Of Pretax Income 27.76% 28.99%
Net Earnings $524.0M $507.0M
YoY Change 3.35% 20.14%
Net Earnings / Revenue 14.04% 11.07%
Basic Earnings Per Share $1.13 $1.04
Diluted Earnings Per Share $1.12 $1.04
COMMON SHARES
Basic Shares Outstanding 464.8M shares 486.3M shares
Diluted Shares Outstanding 468.1M shares 488.8M shares

Balance Sheet

Concept 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.054B $1.319B
YoY Change 55.72% -20.01%
Cash & Equivalents $2.054B $1.319B
Short-Term Investments
Other Short-Term Assets $774.0M $1.236B
YoY Change -37.38% 140.94%
Inventory $1.760B $1.794B
Prepaid Expenses
Receivables $3.062B $2.985B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.650B $7.334B
YoY Change 4.31% 15.77%
LONG-TERM ASSETS
Property, Plant & Equipment $2.081B $2.038B
YoY Change 2.11% 4.35%
Goodwill $5.506B
YoY Change
Intangibles $2.302B
YoY Change
Long-Term Investments $226.0M $424.0M
YoY Change -46.7% -3.2%
Other Assets $785.0M $1.135B
YoY Change -30.84% -3.73%
Total Long-Term Assets $11.37B $11.03B
YoY Change 3.12% 10.63%
TOTAL ASSETS
Total Short-Term Assets $7.650B $7.334B
Total Long-Term Assets $11.37B $11.03B
Total Assets $19.02B $18.36B
YoY Change 3.59% 12.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $770.0M $770.0M
YoY Change 0.0% 6.5%
Accrued Expenses $1.504B $1.483B
YoY Change 1.42% 6.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $424.0M $1.041B
YoY Change -59.27% 61.4%
Total Short-Term Liabilities $2.928B $3.636B
YoY Change -19.47% 12.88%
LONG-TERM LIABILITIES
Long-Term Debt $4.572B $3.522B
YoY Change 29.81% 28.68%
Other Long-Term Liabilities $1.141B $1.231B
YoY Change -7.31% -3.22%
Total Long-Term Liabilities $5.833B $4.753B
YoY Change 22.72% 18.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.928B $3.636B
Total Long-Term Liabilities $5.833B $4.753B
Total Liabilities $8.761B $8.526B
YoY Change 2.76% 14.86%
SHAREHOLDERS EQUITY
Retained Earnings $13.17B
YoY Change
Common Stock $926.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.118B
YoY Change
Treasury Stock Shares
Shareholders Equity $10.25B $9.837B
YoY Change
Total Liabilities & Shareholders Equity $19.02B $18.36B
YoY Change 3.59% 12.63%

Cashflow Statement

Concept 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $524.0M $507.0M
YoY Change 3.35% 20.14%
Depreciation, Depletion And Amortization $152.0M $154.4M
YoY Change -1.55% 13.03%
Cash From Operating Activities $635.0M $787.1M
YoY Change -19.32% 50.24%
INVESTING ACTIVITIES
Capital Expenditures -$90.00M -$82.90M
YoY Change 8.56% 8.65%
Acquisitions
YoY Change
Other Investing Activities $170.0M -$428.8M
YoY Change -139.65% 4461.7%
Cash From Investing Activities $80.00M -$511.7M
YoY Change -115.63% 497.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -394.0M 20.10M
YoY Change -2060.2% -109.05%
NET CHANGE
Cash From Operating Activities 635.0M 787.1M
Cash From Investing Activities 80.00M -511.7M
Cash From Financing Activities -394.0M 20.10M
Net Change In Cash 321.0M 295.5M
YoY Change 8.63% 36.74%
FREE CASH FLOW
Cash From Operating Activities $635.0M $787.1M
Capital Expenditures -$90.00M -$82.90M
Free Cash Flow $725.0M $870.0M
YoY Change -16.67% 44.95%

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dei Entity Registrant Name
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ILLINOIS TOOL WORKS INC

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