Stock Analysis on Net
Stock Analysis on Net

Illinois Tool Works Inc. (NYSE:ITW)

This company has been moved to the archive! The financial data has not been updated since February 11, 2022.

Common-Size Income Statement

Illinois Tool Works Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Operating revenue 100.00 100.00 100.00 100.00 100.00
Cost of revenue -58.73 -58.65 -58.03 -58.26 -58.05
Gross profit 41.27% 41.35% 41.97% 41.74% 41.95%
Selling, administrative, and research and development expenses -16.30 -17.20 -16.73 -16.19 -16.77
Legal settlement income 0.00 0.00 0.00 0.00 0.66
Amortization and impairment of intangible assets -0.92 -1.22 -1.13 -1.28 -1.44
Operating income 24.05% 22.92% 24.11% 24.27% 24.41%
Interest expense -1.40 -1.64 -1.57 -1.74 -1.82
Interest income 0.08 0.14 0.21 0.24 0.31
Other net periodic benefit income 0.16 0.10 0.17 0.14 0.00
Income from investments 0.20 0.06 0.11 0.06 0.11
Gain (loss) on disposal of operations and affiliates 0.00 0.00 0.31 -0.01 0.01
Loss on foreign currency transactions, net -0.06 -0.04 -0.07 -0.01 -0.17
Other, net -0.03 -0.04 0.04 0.04 -0.01
Other income (expense) 0.35% 0.22% 0.76% 0.45% 0.25%
Income before taxes 23.01% 21.50% 23.30% 22.98% 22.84%
Income taxes -4.37 -4.73 -5.44 -5.63 -11.06
Net income 18.64% 16.77% 17.87% 17.36% 11.79%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Illinois Tool Works Inc. operating income as a percentage of operating revenue decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.
Income before taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Illinois Tool Works Inc. income before taxes as a percentage of operating revenue decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Illinois Tool Works Inc. net income as a percentage of operating revenue decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.