$ITW
ILLINOIS TOOL WORKS INC

2024 Q3 Form 10-Q Financial Statement

#000004982624000048 Filed on October 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $3.966B
YoY Change -1.61%
Cost Of Revenue $2.230B
YoY Change -3.84%
Gross Profit $1.736B
YoY Change 1.4%
Gross Profit Margin 43.77%
Selling, General & Admin $658.0M
YoY Change 6.99%
% of Gross Profit 37.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.00M
YoY Change -73.2%
% of Gross Profit 1.5%
Operating Expenses $684.0M
YoY Change 6.54%
Operating Profit $1.052B
YoY Change -1.68%
Interest Expense -$69.00M
YoY Change -202.99%
% of Operating Profit -6.56%
Other Income/Expense, Net $379.0M
YoY Change 3690.0%
Pretax Income $1.362B
YoY Change 34.45%
Income Tax $202.0M
% Of Pretax Income 14.83%
Net Earnings $1.160B
YoY Change 50.26%
Net Earnings / Revenue 29.25%
Basic Earnings Per Share $3.92
Diluted Earnings Per Share $3.91
COMMON SHARES
Basic Shares Outstanding 296.1M shares
Diluted Shares Outstanding 297.0M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $947.0M
YoY Change -4.34%
Cash & Equivalents $947.0M
Short-Term Investments
Other Short-Term Assets $314.0M
YoY Change -6.55%
Inventory $1.817B
Prepaid Expenses
Receivables $3.226B
Other Receivables $0.00
Total Short-Term Assets $6.304B
YoY Change 0.25%
LONG-TERM ASSETS
Property, Plant & Equipment $2.071B
YoY Change 8.77%
Goodwill $4.980B
YoY Change 3.15%
Intangibles $617.0M
YoY Change -9.53%
Long-Term Investments
YoY Change
Other Assets $1.384B
YoY Change 11.79%
Total Long-Term Assets $9.520B
YoY Change 4.53%
TOTAL ASSETS
Total Short-Term Assets $6.304B
Total Long-Term Assets $9.520B
Total Assets $15.82B
YoY Change 2.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $556.0M
YoY Change -4.14%
Accrued Expenses $1.655B
YoY Change 4.22%
Deferred Revenue
YoY Change
Short-Term Debt $265.0M
YoY Change -51.64%
Long-Term Debt Due $1.768B
YoY Change 152.57%
Total Short-Term Liabilities $4.627B
YoY Change 16.2%
LONG-TERM LIABILITIES
Long-Term Debt $6.578B
YoY Change -3.52%
Other Long-Term Liabilities $1.098B
YoY Change 12.5%
Total Long-Term Liabilities $7.805B
YoY Change -7.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.627B
Total Long-Term Liabilities $7.805B
Total Liabilities $12.43B
YoY Change 0.33%
SHAREHOLDERS EQUITY
Retained Earnings $28.58B
YoY Change 6.56%
Common Stock $1.657B
YoY Change 5.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.391B
YoY Change
Total Liabilities & Shareholders Equity $15.82B
YoY Change 2.79%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $1.160B
YoY Change 50.26%
Depreciation, Depletion And Amortization $26.00M
YoY Change -73.2%
Cash From Operating Activities $891.0M
YoY Change -9.27%
INVESTING ACTIVITIES
Capital Expenditures $108.0M
YoY Change -14.29%
Acquisitions
YoY Change
Other Investing Activities $402.0M
YoY Change 1647.83%
Cash From Investing Activities $294.0M
YoY Change -385.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.121B
YoY Change 42.26%
NET CHANGE
Cash From Operating Activities 891.0M
Cash From Investing Activities 294.0M
Cash From Financing Activities -1.121B
Net Change In Cash 64.00M
YoY Change -29.67%
FREE CASH FLOW
Cash From Operating Activities $891.0M
Capital Expenditures $108.0M
Free Cash Flow $783.0M
YoY Change -8.53%

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dei Entity Registrant Name
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ILLINOIS TOOL WORKS INC
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