$ITW
ILLINOIS TOOL WORKS INC

2013 Q3 Form 10-Q Financial Statement

#000004982613000068 Filed on November 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $3.568B $3.733B
YoY Change -4.42% -18.49%
Cost Of Revenue $2.148B $2.289B
YoY Change -6.16% -22.72%
Gross Profit $1.420B $1.444B
YoY Change -1.66% -10.75%
Gross Profit Margin 39.8% 38.68%
Selling, General & Admin $676.0M $713.0M
YoY Change -5.19% -14.75%
% of Gross Profit 47.61% 49.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $192.0M $152.0M
YoY Change 26.32% -1.55%
% of Gross Profit 13.52% 10.53%
Operating Expenses $740.0M $775.0M
YoY Change -4.52% -14.34%
Operating Profit $678.0M $667.0M
YoY Change 1.65% -6.58%
Interest Expense $60.00M $52.00M
YoY Change 15.38% 6.12%
% of Operating Profit 8.85% 7.8%
Other Income/Expense, Net $10.00M $1.000M
YoY Change 900.0% -95.95%
Pretax Income $628.0M $616.0M
YoY Change 1.95% -10.72%
Income Tax $222.0M $171.0M
% Of Pretax Income 35.35% 27.76%
Net Earnings $452.0M $524.0M
YoY Change -13.74% 3.35%
Net Earnings / Revenue 12.67% 14.04%
Basic Earnings Per Share $1.01 $1.13
Diluted Earnings Per Share $1.01 $1.12
COMMON SHARES
Basic Shares Outstanding 445.9M shares 464.8M shares
Diluted Shares Outstanding 448.9M shares 468.1M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.018B $2.054B
YoY Change 46.93% 55.72%
Cash & Equivalents $3.018B $2.054B
Short-Term Investments
Other Short-Term Assets $2.763B $774.0M
YoY Change 256.98% -37.38%
Inventory $1.308B $1.760B
Prepaid Expenses
Receivables $2.493B $3.062B
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.582B $7.650B
YoY Change 25.25% 4.31%
LONG-TERM ASSETS
Property, Plant & Equipment $1.667B $2.081B
YoY Change -19.89% 2.11%
Goodwill $4.854B $5.506B
YoY Change -11.84%
Intangibles $2.121B $2.302B
YoY Change -7.86%
Long-Term Investments $226.0M
YoY Change -46.7%
Other Assets $1.174B $785.0M
YoY Change 49.55% -30.84%
Total Long-Term Assets $10.17B $11.37B
YoY Change -10.59% 3.12%
TOTAL ASSETS
Total Short-Term Assets $9.582B $7.650B
Total Long-Term Assets $10.17B $11.37B
Total Assets $19.75B $19.02B
YoY Change 3.83% 3.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $616.0M $770.0M
YoY Change -20.0% 0.0%
Accrued Expenses $1.282B $1.504B
YoY Change -14.76% 1.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.328B $424.0M
YoY Change 213.21% -59.27%
Total Short-Term Liabilities $3.941B $2.928B
YoY Change 34.6% -19.47%
LONG-TERM LIABILITIES
Long-Term Debt $3.808B $4.572B
YoY Change -16.71% 29.81%
Other Long-Term Liabilities $1.081B $1.141B
YoY Change -5.26% -7.31%
Total Long-Term Liabilities $5.342B $5.833B
YoY Change -8.42% 22.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.941B $2.928B
Total Long-Term Liabilities $5.342B $5.833B
Total Liabilities $9.283B $8.761B
YoY Change 5.96% 2.76%
SHAREHOLDERS EQUITY
Retained Earnings $14.72B $13.17B
YoY Change 11.76%
Common Stock $1.038B $926.0M
YoY Change 12.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.584B $4.118B
YoY Change 35.6%
Treasury Stock Shares
Shareholders Equity $10.46B $10.25B
YoY Change
Total Liabilities & Shareholders Equity $19.75B $19.02B
YoY Change 3.83% 3.59%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $452.0M $524.0M
YoY Change -13.74% 3.35%
Depreciation, Depletion And Amortization $192.0M $152.0M
YoY Change 26.32% -1.55%
Cash From Operating Activities $811.0M $635.0M
YoY Change 27.72% -19.32%
INVESTING ACTIVITIES
Capital Expenditures -$79.00M -$90.00M
YoY Change -12.22% 8.56%
Acquisitions
YoY Change
Other Investing Activities -$142.0M $170.0M
YoY Change -183.53% -139.65%
Cash From Investing Activities -$221.0M $80.00M
YoY Change -376.25% -115.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -438.0M -394.0M
YoY Change 11.17% -2060.2%
NET CHANGE
Cash From Operating Activities 811.0M 635.0M
Cash From Investing Activities -221.0M 80.00M
Cash From Financing Activities -438.0M -394.0M
Net Change In Cash 152.0M 321.0M
YoY Change -52.65% 8.63%
FREE CASH FLOW
Cash From Operating Activities $811.0M $635.0M
Capital Expenditures -$79.00M -$90.00M
Free Cash Flow $890.0M $725.0M
YoY Change 22.76% -16.67%

Facts In Submission

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dei Entity Filer Category
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dei Entity Registrant Name
EntityRegistrantName
ILLINOIS TOOL WORKS INC

Files In Submission

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