$ITW
ILLINOIS TOOL WORKS INC

2014 Q3 Form 10-Q Financial Statement

#000004982614000148 Filed on October 31, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $3.692B $3.568B
YoY Change 3.48% -4.42%
Cost Of Revenue $2.182B $2.148B
YoY Change 1.58% -6.16%
Gross Profit $1.510B $1.420B
YoY Change 6.34% -1.66%
Gross Profit Margin 40.9% 39.8%
Selling, General & Admin $675.0M $676.0M
YoY Change -0.15% -5.19%
% of Gross Profit 44.7% 47.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $128.0M $192.0M
YoY Change -33.33% 26.32%
% of Gross Profit 8.48% 13.52%
Operating Expenses $735.0M $740.0M
YoY Change -0.68% -4.52%
Operating Profit $772.0M $678.0M
YoY Change 13.86% 1.65%
Interest Expense $68.00M $60.00M
YoY Change 13.33% 15.38%
% of Operating Profit 8.81% 8.85%
Other Income/Expense, Net $20.00M $10.00M
YoY Change 100.0% 900.0%
Pretax Income $724.0M $628.0M
YoY Change 15.29% 1.95%
Income Tax $217.0M $222.0M
% Of Pretax Income 29.97% 35.35%
Net Earnings $531.0M $452.0M
YoY Change 17.48% -13.74%
Net Earnings / Revenue 14.38% 12.67%
Basic Earnings Per Share $1.35 $1.01
Diluted Earnings Per Share $1.34 $1.01
COMMON SHARES
Basic Shares Outstanding 394.0M shares 445.9M shares
Diluted Shares Outstanding 396.8M shares 448.9M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.820B $3.018B
YoY Change 59.71% 46.93%
Cash & Equivalents $4.820B $3.018B
Short-Term Investments
Other Short-Term Assets $548.0M $2.763B
YoY Change -80.17% 256.98%
Inventory $1.265B $1.308B
Prepaid Expenses
Receivables $2.519B $2.493B
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.152B $9.582B
YoY Change -4.49% 25.25%
LONG-TERM ASSETS
Property, Plant & Equipment $1.693B $1.667B
YoY Change 1.56% -19.89%
Goodwill $4.771B $4.854B
YoY Change -1.71% -11.84%
Intangibles $1.825B $2.121B
YoY Change -13.96% -7.86%
Long-Term Investments
YoY Change
Other Assets $1.258B $1.174B
YoY Change 7.16% 49.55%
Total Long-Term Assets $9.876B $10.17B
YoY Change -2.88% -10.59%
TOTAL ASSETS
Total Short-Term Assets $9.152B $9.582B
Total Long-Term Assets $9.876B $10.17B
Total Assets $19.03B $19.75B
YoY Change -3.66% 3.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $594.0M $616.0M
YoY Change -3.57% -20.0%
Accrued Expenses $1.307B $1.282B
YoY Change 1.95% -14.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.496B $1.328B
YoY Change 12.65% 213.21%
Total Short-Term Liabilities $3.874B $3.941B
YoY Change -1.7% 34.6%
LONG-TERM LIABILITIES
Long-Term Debt $6.034B $3.808B
YoY Change 58.46% -16.71%
Other Long-Term Liabilities $901.0M $1.081B
YoY Change -16.65% -5.26%
Total Long-Term Liabilities $7.353B $5.342B
YoY Change 37.65% -8.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.874B $3.941B
Total Long-Term Liabilities $7.353B $5.342B
Total Liabilities $11.23B $9.283B
YoY Change 20.94% 5.96%
SHAREHOLDERS EQUITY
Retained Earnings $16.91B $14.72B
YoY Change 14.9% 11.76%
Common Stock $1.082B $1.038B
YoY Change 4.24% 12.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.05B $5.584B
YoY Change 79.92% 35.6%
Treasury Stock Shares
Shareholders Equity $7.796B $10.46B
YoY Change
Total Liabilities & Shareholders Equity $19.03B $19.75B
YoY Change -3.66% 3.83%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $531.0M $452.0M
YoY Change 17.48% -13.74%
Depreciation, Depletion And Amortization $128.0M $192.0M
YoY Change -33.33% 26.32%
Cash From Operating Activities $271.0M $811.0M
YoY Change -66.58% 27.72%
INVESTING ACTIVITIES
Capital Expenditures -$126.0M -$79.00M
YoY Change 59.49% -12.22%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$142.0M
YoY Change -100.0% -183.53%
Cash From Investing Activities -$126.0M -$221.0M
YoY Change -42.99% -376.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -255.0M -438.0M
YoY Change -41.78% 11.17%
NET CHANGE
Cash From Operating Activities 271.0M 811.0M
Cash From Investing Activities -126.0M -221.0M
Cash From Financing Activities -255.0M -438.0M
Net Change In Cash -110.0M 152.0M
YoY Change -172.37% -52.65%
FREE CASH FLOW
Cash From Operating Activities $271.0M $811.0M
Capital Expenditures -$126.0M -$79.00M
Free Cash Flow $397.0M $890.0M
YoY Change -55.39% 22.76%

Facts In Submission

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

Files In Submission

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