$ITW
ILLINOIS TOOL WORKS INC

2014 Q2 Form 10-Q Financial Statement

#000004982614000130 Filed on August 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $3.719B $3.593B
YoY Change 3.51% -19.49%
Cost Of Revenue $2.219B $2.155B
YoY Change 2.97% -23.42%
Gross Profit $1.500B $1.438B
YoY Change 4.31% -12.8%
Gross Profit Margin 40.33% 40.02%
Selling, General & Admin $677.0M $747.0M
YoY Change -9.37% 12.84%
% of Gross Profit 45.13% 51.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $129.0M $143.0M
YoY Change -9.79% -8.33%
% of Gross Profit 8.6% 9.94%
Operating Expenses $737.0M $808.0M
YoY Change -8.79% 12.07%
Operating Profit $763.0M $630.0M
YoY Change 21.11% -16.89%
Interest Expense $64.00M $59.00M
YoY Change 8.47% 18.0%
% of Operating Profit 8.39% 9.37%
Other Income/Expense, Net $7.000M $10.00M
YoY Change -30.0% -54.55%
Pretax Income $706.0M $581.0M
YoY Change 21.51% -20.63%
Income Tax $212.0M $165.0M
% Of Pretax Income 30.03% 28.4%
Net Earnings $1.492B $465.0M
YoY Change 220.86% -47.22%
Net Earnings / Revenue 40.12% 12.94%
Basic Earnings Per Share $3.69 $1.04
Diluted Earnings Per Share $3.66 $1.03
COMMON SHARES
Basic Shares Outstanding 404.7M shares 449.6M shares
Diluted Shares Outstanding 407.6M shares 452.5M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.297B $2.768B
YoY Change 91.37% 63.59%
Cash & Equivalents $5.297B $2.768B
Short-Term Investments
Other Short-Term Assets $591.0M $1.048B
YoY Change -43.61% 16.57%
Inventory $1.305B $1.490B
Prepaid Expenses
Receivables $2.598B $2.907B
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.791B $8.213B
YoY Change 19.21% 8.77%
LONG-TERM ASSETS
Property, Plant & Equipment $1.700B $1.936B
YoY Change -12.19% -6.34%
Goodwill $4.904B $5.359B
YoY Change -8.49%
Intangibles $1.876B $2.132B
YoY Change -12.01%
Long-Term Investments
YoY Change
Other Assets $1.297B $1.193B
YoY Change 8.72% -1.24%
Total Long-Term Assets $10.15B $10.99B
YoY Change -7.66% -3.38%
TOTAL ASSETS
Total Short-Term Assets $9.791B $8.213B
Total Long-Term Assets $10.15B $10.99B
Total Assets $19.94B $19.20B
YoY Change 3.84% 1.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $683.0M $717.0M
YoY Change -4.74% -8.66%
Accrued Expenses $1.278B $1.336B
YoY Change -4.34% -9.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.070B $1.301B
YoY Change -17.76% -9.53%
Total Short-Term Liabilities $3.923B $3.711B
YoY Change 5.71% -5.72%
LONG-TERM LIABILITIES
Long-Term Debt $6.140B $3.771B
YoY Change 62.82% 8.74%
Other Long-Term Liabilities $918.0M $1.103B
YoY Change -16.77% -15.02%
Total Long-Term Liabilities $7.573B $5.257B
YoY Change 44.06% 10.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.923B $3.711B
Total Long-Term Liabilities $7.573B $5.257B
Total Liabilities $11.50B $8.968B
YoY Change 28.19% 1.48%
SHAREHOLDERS EQUITY
Retained Earnings $16.57B $14.45B
YoY Change 14.65%
Common Stock $1.070B $1.025B
YoY Change 4.39%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.562B $5.263B
YoY Change 81.68%
Treasury Stock Shares
Shareholders Equity $8.435B $10.23B
YoY Change
Total Liabilities & Shareholders Equity $19.94B $19.20B
YoY Change 3.84% 1.47%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $1.492B $465.0M
YoY Change 220.86% -47.22%
Depreciation, Depletion And Amortization $129.0M $143.0M
YoY Change -9.79% -8.33%
Cash From Operating Activities $573.0M $643.0M
YoY Change -10.89% 26.33%
INVESTING ACTIVITIES
Capital Expenditures -$78.00M -$89.00M
YoY Change -12.36% -11.0%
Acquisitions
YoY Change
Other Investing Activities $3.218B $47.00M
YoY Change 6746.81% -91.42%
Cash From Investing Activities $3.140B -$42.00M
YoY Change -7576.19% -109.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.995B -359.0M
YoY Change 455.71% -27.47%
NET CHANGE
Cash From Operating Activities 573.0M 643.0M
Cash From Investing Activities 3.140B -42.00M
Cash From Financing Activities -1.995B -359.0M
Net Change In Cash 1.718B 242.0M
YoY Change 609.92% -47.62%
FREE CASH FLOW
Cash From Operating Activities $573.0M $643.0M
Capital Expenditures -$78.00M -$89.00M
Free Cash Flow $651.0M $732.0M
YoY Change -11.07% 20.2%

Facts In Submission

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itw Amortization And Impairment Of Goodwill And Other Intangible Assets
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000049826
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
ILLINOIS TOOL WORKS INC

Files In Submission

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