Stock Analysis on Net
Stock Analysis on Net

Illinois Tool Works Inc. (NYSE:ITW)

$22.49

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Illinois Tool Works Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Short-term debt
Accounts payable
Accrued expenses
Cash dividends payable
Income taxes payable
Liabilities held for sale
Current liabilities
Long-term debt
Deferred income taxes
Noncurrent income taxes payable
Other liabilities
Noncurrent liabilities
Total liabilities
Common stock, par value of $0.01 per share
Additional paid-in-capital
Retained earnings
Common stock held in treasury
Accumulated other comprehensive loss
Stockholders’ equity attributable to ITW
Noncontrolling interest
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Short-term debt
The proportion of short-term debt relative to total liabilities and stockholders’ equity fluctuates over the period. It starts around 4.3% in early 2017, increases notably to above 9% by the end of 2018, then experiences a sharp decline to near zero in 2019 Q3 and Q4, followed by a gradual rise back to approximately 4.8% by the end of 2021.
Accounts payable
Accounts payable show a modest decreasing trend from 3.7% in early 2017 to around 3.13% in late 2019. Following this, the ratio remains relatively stable, fluctuating slightly between 3.42% and 3.9% towards the end of 2021.
Accrued expenses
Accrued expenses as a percentage of total liabilities and stockholders’ equity gradually increase over the time frame. Starting at 7.4% in early 2017, it reaches a peak of 10.25% by the final quarter of 2021, indicating a rising trend in accrued obligations.
Cash dividends payable
This item generally trends upward, rising from about 1.45% in early 2017 to approximately 2.4% by 2020, maintaining a relatively stable range around 2.3% to 2.47% through 2021.
Income taxes payable
Income taxes payable show a declining trend from 1.65% to below 0.5% between 2017 and 2019, with some volatility and minor spikes thereafter, but generally remain below one percent for most of the later periods.
Liabilities held for sale
This item appears only from mid-2019, starting at around 0.61% and declining to about 0.28% by late 2020. No data is reported beyond this period.
Current liabilities
Current liabilities as a percent of total gradually increase from roughly 18.5% in early 2017 to a peak near 25.8% by the first quarter of 2019. After a sharp drop to around 14% through 2019 and mid-2020, it rises again to about 21.6% by the end of 2021.
Long-term debt
Long-term debt shows a declining trend from approximately 46.4% in early 2017 to near 40.5% at the end of 2018. Subsequently, it spikes significantly reaching above 54% in early 2020 before gradually decreasing again towards about 43% by late 2021.
Deferred income taxes
This category increases notably from under 1% in early 2017 to around 4.7% by late 2017, maintaining a stable range near this level through the subsequent years, suggesting an increased deferred tax liability or asset impact.
Noncurrent income taxes payable
Reported from late 2017 onward, this liability gradually declines from approximately 3.66% to about 2.3% by the end of 2021, indicating a reduction in long-term tax obligations.
Other liabilities
Other liabilities exhibit a slight increasing trend from around 5.3% in early 2017 to a peak near 7.07% in mid-2020, followed by a slight decline to approximately 6.55% by the end of 2021.
Noncurrent liabilities
Noncurrent liabilities generally increase over the period, starting near 52.5% in early 2017 and peaking at close to 69.5% in early 2020. Thereafter, a gradual decrease occurs, lowering this proportion to about 55.9% by late 2021, reflecting changes in long-term obligations.
Total liabilities
Total liabilities consistently rise from about 71% in early 2017 to a high of nearly 84% by early 2020. Post-2020, the ratio declines steadily to approximately 77.5% by the end of 2021, indicating fluctuations in the company's leverage levels.
Common stock, par value of $0.01 per share
This item remains constant around 0.04% of total liabilities and stockholders’ equity throughout the entire period, indicating no significant changes in common stock par value relative proportions.
Additional paid-in-capital
Additional paid-in capital shows a gradual upward trend from about 7.6% in early 2017 to approximately 9.2% by early 2020, with minor fluctuations afterward, stabilizing around 8.9% by late 2021.
Retained earnings
Retained earnings increase steadily from approximately 127.6% in early 2017, peaking near 159.9% in early 2020, then declining gradually to 151.3% by late 2021. This reflects accumulated net income and possibly dividend distributions affecting equity.
Common stock held in treasury
Treasury stock shows a continual increase in absolute negative percentage (reflecting a growing treasury stock amount), moving from -95.8% in 2017 to a peak near -139.1% by early 2020, then reducing toward -128.4% by late 2021. This suggests ongoing repurchases or holding of treasury shares.
Accumulated other comprehensive loss
This loss deepens from roughly -10.6% in early 2017 toward a peak at -14.0% by early 2020, followed by a reduction to near -9.3% by late 2021, indicating fluctuating unrealized losses or adjustments affecting stockholders’ equity.
Stockholders’ equity attributable to ITW
Equity attributable to the company declines from roughly 28.9% in early 2017 to near 16.1% by early 2020, then recovers gradually to about 22.5% by the end of 2021. This trend reflects volatility in equity levels, influenced by earnings, repurchases, and other comprehensive income changes.
Noncontrolling interest
Noncontrolling interest remains negligible throughout the period, fluctuating narrowly around 0.01% to 0.03%, indicating minimal external equity participation relative to total capitalization.
Total stockholders’ equity
Total stockholders’ equity follows a similar pattern as the attributable equity, falling from near 29% in early 2017 to 16.1% in early 2020, then recovering to roughly 22.5% by late 2021, demonstrating overall equity fluctuations impacting the financial structure.
Total liabilities and stockholders’ equity
This aggregate consistently totals 100% by design, serving as a baseline for proportionate analysis of liabilities and equity components over time.