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Illinois Tool Works Inc. (ITW)
Common-Size Income Statement
Difficulty: Beginner
Illinois Tool Works Inc., common-size consolidated income statement
Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-12), 10-K (filing date: 2015-02-13).
| 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.’s operating income as a percentage of operating revenue increased from 2016 to 2017 but then slightly declined from 2017 to 2018. |
| Income from continuing operations before income 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.’s income from continuing operations before income taxes as a percentage of operating revenue increased from 2016 to 2017 and from 2017 to 2018. |
| 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.’s net income as a percentage of operating revenue declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level. |