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.

Cash Flow Statement 

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Illinois Tool Works Inc., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income 2,694 2,109 2,521 2,563 1,687
Depreciation 277 273 267 272 256
Amortization and impairment of intangible assets 133 154 159 189 206
Change in deferred income taxes (148) (30) 32 34 64
Provision for uncollectible accounts 3 7 6 5 3
Income from investments (29) (8) (15) (9) (16)
(Gain) loss on sale of plant and equipment 2 (9) (7) (1)
(Gain) loss on sale of operations and affiliates (44) 2 (1)
Stock-based compensation expense 53 42 41 40 36
Other non-cash items, net 13 8 9 10 10
(Increase) decrease in trade receivables (240) 95 40 (60) (138)
(Increase) decrease in inventories (450) 43 98 (108) (81)
(Increase) decrease in prepaid expenses and other assets (36) 41 11 3 (121)
Increase (decrease) in accounts payable 37 19 (16) (46) 39
Increase (decrease) in accrued expenses and other liabilities 202 17 (95) (36) (42)
Increase (decrease) in income taxes 49 34 (7) (41) 501
Other, net (1) 1 (3)
Change in assets and liabilities, net of acquisitions and divestitures (439) 250 28 (288) 158
Adjustments to reconcile net income to cash provided by operating activities (137) 698 474 248 715
Net cash provided by operating activities 2,557 2,807 2,995 2,811 2,402
Acquisition of businesses, excluding cash and equivalents (731) (4) (3)
Additions to plant and equipment (296) (236) (326) (364) (297)
Proceeds from investments 38 14 20 16 43
Proceeds from sale of plant and equipment 8 10 25 26 14
Proceeds from sale of operations and affiliates 1 120 1 2
Other, net (3) (3) (18) (4) (10)
Net cash used for investing activities (984) (214) (183) (325) (251)
Cash dividends paid (1,463) (1,379) (1,321) (1,124) (941)
Issuance of common stock 50 66 85 22 84
Repurchases of common stock (1,000) (706) (1,500) (2,000) (1,000)
Net proceeds from (repayments of) debt with original maturities of three months or less 120 (1) (850) 849
Proceeds from debt with original maturities of more than three months 90 1,774
Repayments of debt with original maturities of more than three months (351) (4) (1,351) (1) (652)
Other, net (10) (26) (12) (11) (14)
Net cash used for financing activities (2,564) (2,049) (2,326) (3,964) (1,674)
Effect of exchange rate changes on cash and equivalents (46) 39 (9) (112) 145
Cash and equivalents, increase (decrease) during the year (1,037) 583 477 (1,590) 622
Cash and equivalents, beginning of year 2,564 1,981 1,504 3,094 2,472
Cash and equivalents, end of year 1,527 2,564 1,981 1,504 3,094

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).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Illinois Tool Works Inc. net cash provided by operating activities decreased from 2019 to 2020 and from 2020 to 2021.
Net cash used for investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Illinois Tool Works Inc. net cash used for investing activities decreased from 2019 to 2020 and from 2020 to 2021.
Net cash used for financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Illinois Tool Works Inc. net cash used for financing activities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.