2014 Q4 Form 10-Q Financial Statement

#000119312514373460 Filed on October 16, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $859.9M $798.3M
YoY Change 7.72% 6.14%
Cost Of Revenue $412.4M $388.9M
YoY Change 6.04% 4.77%
Gross Profit $393.9M $364.3M
YoY Change 8.13% 7.02%
Gross Profit Margin 45.81% 45.63%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.70M $19.40M
YoY Change 1.55% 2.11%
% of Gross Profit 5.0% 5.33%
Operating Expenses $263.3M $253.0M
YoY Change 4.07% 3.6%
Operating Profit $168.3M $142.9M
YoY Change 17.77% 15.15%
Interest Expense $12.70M $14.40M
YoY Change -11.81% 5.88%
% of Operating Profit 7.55% 10.08%
Other Income/Expense, Net -$900.0K -$800.0K
YoY Change 12.5% 300.0%
Pretax Income $154.7M $127.7M
YoY Change 21.14% 15.78%
Income Tax $48.40M $40.80M
% Of Pretax Income 31.29% 31.95%
Net Earnings $103.7M $84.60M
YoY Change 22.58% 14.17%
Net Earnings / Revenue 12.06% 10.6%
Basic Earnings Per Share $1.78 $1.45
Diluted Earnings Per Share $1.76 $1.43
COMMON SHARES
Basic Shares Outstanding 58.11M shares 58.11M shares 58.16M shares
Diluted Shares Outstanding 59.01M shares 59.00M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $124.7M $182.5M
YoY Change -31.67% 3.63%
Cash & Equivalents $124.7M $182.5M
Short-Term Investments
Other Short-Term Assets $193.0M $197.9M
YoY Change -2.48% 12.06%
Inventory $484.6M $440.3M
Prepaid Expenses
Receivables $574.4M $521.9M
Other Receivables $483.5M $440.5M
Total Short-Term Assets $1.860B $1.783B
YoY Change 4.32% 9.8%
LONG-TERM ASSETS
Property, Plant & Equipment $404.1M $384.4M
YoY Change 5.12% 2.97%
Goodwill $828.5M $837.4M
YoY Change -1.06% 4.69%
Intangibles $270.4M $244.5M
YoY Change 10.59% 3.73%
Long-Term Investments $13.70M $14.00M
YoY Change -2.14% -68.82%
Other Assets $53.70M $56.40M
YoY Change -4.79% -39.03%
Total Long-Term Assets $2.408B $2.318B
YoY Change 3.9% 3.11%
TOTAL ASSETS
Total Short-Term Assets $1.860B $1.783B
Total Long-Term Assets $2.408B $2.318B
Total Assets $4.269B $4.101B
YoY Change 4.08% 5.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $167.6M $161.8M
YoY Change 3.58% 10.14%
Accrued Expenses $50.70M $47.90M
YoY Change 5.85% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $58.70M $117.7M
YoY Change -50.13% 529.41%
Total Short-Term Liabilities $733.9M $725.7M
YoY Change 1.13% 16.75%
LONG-TERM LIABILITIES
Long-Term Debt $860.5M $861.1M
YoY Change -0.07% -11.34%
Other Long-Term Liabilities $84.30M $85.60M
YoY Change -1.52% -13.18%
Total Long-Term Liabilities $944.8M $946.7M
YoY Change -0.2% -11.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $733.9M $725.7M
Total Long-Term Liabilities $944.8M $946.7M
Total Liabilities $1.974B $2.095B
YoY Change -5.77% -0.98%
SHAREHOLDERS EQUITY
Retained Earnings $2.552B $2.255B
YoY Change 13.16% 12.5%
Common Stock $67.40M $67.40M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $496.7M $449.1M
YoY Change 10.6% 10.48%
Treasury Stock Shares 9.276M shares 9.224M shares
Shareholders Equity $2.277B $1.989B
YoY Change
Total Liabilities & Shareholders Equity $4.269B $4.101B
YoY Change 4.08% 5.92%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $103.7M $84.60M
YoY Change 22.58% 14.17%
Depreciation, Depletion And Amortization $19.70M $19.40M
YoY Change 1.55% 2.11%
Cash From Operating Activities $88.00M $84.30M
YoY Change 4.39% 20.95%
INVESTING ACTIVITIES
Capital Expenditures -$22.30M -$19.30M
YoY Change 15.54% -2.03%
Acquisitions
YoY Change
Other Investing Activities -$34.30M -$32.60M
YoY Change 5.21% 20.3%
Cash From Investing Activities -$56.60M -$51.90M
YoY Change 9.06% 10.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -21.50M -25.30M
YoY Change -15.02% 17.67%
NET CHANGE
Cash From Operating Activities 88.00M 84.30M
Cash From Investing Activities -56.60M -51.90M
Cash From Financing Activities -21.50M -25.30M
Net Change In Cash 9.900M 7.100M
YoY Change 39.44% 407.14%
FREE CASH FLOW
Cash From Operating Activities $88.00M $84.30M
Capital Expenditures -$22.30M -$19.30M
Free Cash Flow $110.3M $103.6M
YoY Change 6.47% 15.88%

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SNAP-ON Inc
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> 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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