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Microsoft Excel LibreOffice Calc

Illinois Tool Works Inc. (ITW)


Income Statement

Difficulty: Beginner

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Illinois Tool Works Inc., consolidated income statement

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Operating revenue hidden hidden hidden hidden hidden
Cost of revenue hidden hidden hidden hidden hidden
Gross profit hidden hidden hidden hidden hidden
Selling, administrative, and research and development expenses hidden hidden hidden hidden hidden
Legal settlement income hidden hidden hidden hidden hidden
Amortization and impairment of intangible assets hidden hidden hidden hidden hidden
Operating income hidden hidden hidden hidden hidden
Interest expense hidden hidden hidden hidden hidden
Interest income hidden hidden hidden hidden hidden
Other net periodic benefit income hidden hidden hidden hidden hidden
Income (loss) from investments hidden hidden hidden hidden hidden
Equity income (loss) in Wilsonart hidden hidden hidden hidden hidden
Gain (loss) on disposal of operations and affiliates hidden hidden hidden hidden hidden
Gain (loss) on foreign currency transactions, net hidden hidden hidden hidden hidden
Other, net hidden hidden hidden hidden hidden
Other income (expense) hidden hidden hidden hidden hidden
Income from continuing operations before income taxes hidden hidden hidden hidden hidden
Income taxes hidden hidden hidden hidden hidden
Income from continuing operations hidden hidden hidden hidden hidden
Income from discontinued operations hidden hidden hidden hidden hidden
Net income hidden hidden hidden hidden hidden

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 revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Illinois Tool Works Inc.’s operating revenue increased from 2016 to 2017 and from 2017 to 2018.
Operating income The net result for the period of deducting operating expenses from operating revenues. Illinois Tool Works Inc.’s operating income increased from 2016 to 2017 and 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 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 declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.