2013 Q4 Form 10-Q Financial Statement

#000119312513401902 Filed on October 17, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $797.5M $798.3M $752.1M
YoY Change 5.88% 6.14% 3.5%
Cost Of Revenue $419.0M $388.9M $371.2M
YoY Change 4.44% 4.77% -3.46%
Gross Profit $378.5M $364.3M $340.4M
YoY Change 7.53% 7.02% -0.53%
Gross Profit Margin 47.46% 45.63% 45.26%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.00M $19.40M $19.00M
YoY Change -2.56% 2.11% 3.83%
% of Gross Profit 5.02% 5.33% 5.58%
Operating Expenses $269.3M $253.0M $244.2M
YoY Change 27.45% 3.6% 0.33%
Operating Profit $109.2M $142.9M $124.1M
YoY Change -22.39% 15.15% -7.59%
Interest Expense -$19.20M $14.40M $13.60M
YoY Change 36.17% 5.88% -16.56%
% of Operating Profit -17.58% 10.08% 10.96%
Other Income/Expense, Net $4.100M -$800.0K -$200.0K
YoY Change -2150.0% 300.0% -122.22%
Pretax Income $141.5M $127.7M $110.3M
YoY Change 11.95% 15.78% -7.23%
Income Tax $44.60M $40.80M $34.90M
% Of Pretax Income 31.52% 31.95% 31.64%
Net Earnings $94.50M $84.60M $74.10M
YoY Change 11.7% 14.17% -5.0%
Net Earnings / Revenue 11.85% 10.6% 9.85%
Basic Earnings Per Share $1.63 $1.45 $1.27
Diluted Earnings Per Share $1.60 $1.43 $1.26
COMMON SHARES
Basic Shares Outstanding 58.15M shares 58.16M shares 58.26M shares
Diluted Shares Outstanding 59.00M shares 58.86M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $217.6M $182.5M $176.1M
YoY Change 1.45% 3.63% -57.89%
Cash & Equivalents $217.6M $182.5M $176.1M
Short-Term Investments
Other Short-Term Assets $169.6M $197.9M $176.6M
YoY Change 1.8% 12.06% -0.23%
Inventory $434.4M $440.3M $417.5M
Prepaid Expenses
Receivables $531.6M $521.9M $476.9M
Other Receivables $443.0M $440.5M $376.8M
Total Short-Term Assets $1.796B $1.783B $1.624B
YoY Change 7.62% 9.8% -6.45%
LONG-TERM ASSETS
Property, Plant & Equipment $392.5M $384.4M $373.3M
YoY Change 4.61% 2.97% 4.51%
Goodwill $838.8M $837.4M $799.9M
YoY Change 3.89% 4.69%
Intangibles $242.1M $244.5M $235.7M
YoY Change 2.72% 3.73%
Long-Term Investments $14.20M $14.00M $44.90M
YoY Change 5.19% -68.82%
Other Assets $57.20M $56.40M $92.50M
YoY Change -10.76% -39.03% -46.22%
Total Long-Term Assets $2.314B $2.318B $2.248B
YoY Change 3.6% 3.11% 7.53%
TOTAL ASSETS
Total Short-Term Assets $1.796B $1.783B $1.624B
Total Long-Term Assets $2.314B $2.318B $2.248B
Total Assets $4.110B $4.101B $3.872B
YoY Change 5.32% 5.92% 1.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $155.6M $161.8M $146.9M
YoY Change 9.19% 10.14% 5.68%
Accrued Expenses $48.10M $47.90M $47.90M
YoY Change -4.94% 0.0% -87.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $113.1M $117.7M $18.70M
YoY Change 2075.0% 529.41% -91.3%
Total Short-Term Liabilities $715.4M $725.7M $621.6M
YoY Change 21.42% 16.75% -19.38%
LONG-TERM LIABILITIES
Long-Term Debt $858.9M $861.1M $971.2M
YoY Change -11.49% -11.34% 1.64%
Other Long-Term Liabilities $84.00M $85.60M $98.60M
YoY Change -4.0% -13.18% -76.48%
Total Long-Term Liabilities $942.9M $946.7M $1.070B
YoY Change -10.87% -11.51% -22.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $715.4M $725.7M $621.6M
Total Long-Term Liabilities $942.9M $946.7M $1.070B
Total Liabilities $1.980B $2.095B $2.116B
YoY Change -4.98% -0.98% -6.39%
SHAREHOLDERS EQUITY
Retained Earnings $2.324B $2.255B $2.005B
YoY Change 12.44% 12.5%
Common Stock $67.40M $67.40M $67.40M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $458.6M $449.1M $406.5M
YoY Change 11.12% 10.48%
Treasury Stock Shares 9.256M shares 9.224M shares 9133B shares
Shareholders Equity $2.113B $1.989B $1.740B
YoY Change
Total Liabilities & Shareholders Equity $4.110B $4.101B $3.872B
YoY Change 5.32% 5.92% 1.19%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $94.50M $84.60M $74.10M
YoY Change 11.7% 14.17% -5.0%
Depreciation, Depletion And Amortization $19.00M $19.40M $19.00M
YoY Change -2.56% 2.11% 3.83%
Cash From Operating Activities $122.5M $84.30M $69.70M
YoY Change 19.05% 20.95% -608.76%
INVESTING ACTIVITIES
Capital Expenditures -$19.90M -$19.30M -$19.70M
YoY Change 0.0% -2.03% 34.01%
Acquisitions
YoY Change
Other Investing Activities -$24.60M -$32.60M -$27.10M
YoY Change -6250.0% 20.3% -42.09%
Cash From Investing Activities -$44.50M -$51.90M -$46.80M
YoY Change 128.21% 10.9% -23.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -42.70M -25.30M -21.50M
YoY Change -4.9% 17.67% -13.31%
NET CHANGE
Cash From Operating Activities 122.5M 84.30M 69.70M
Cash From Investing Activities -44.50M -51.90M -46.80M
Cash From Financing Activities -42.70M -25.30M -21.50M
Net Change In Cash 35.30M 7.100M 1.400M
YoY Change -8.31% 407.14% -101.4%
FREE CASH FLOW
Cash From Operating Activities $122.5M $84.30M $69.70M
Capital Expenditures -$19.90M -$19.30M -$19.70M
Free Cash Flow $142.4M $103.6M $89.40M
YoY Change 15.96% 15.88% 8840.0%

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dei Trading Symbol
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dei Entity Registrant Name
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SNAP-ON Inc
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dei Entity Filer Category
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dei Document Fiscal Year Focus
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dei Document Type
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10-Q
dei Document Period End Date
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2013-09-28
dei Entity Central Index Key
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<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> <b>Use of Estimates</b></p> <p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> </div>
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