Stock Analysis on Net

Sherwin-Williams Co. (NYSE:SHW)

This company has been moved to the archive! The financial data has not been updated since July 27, 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.

Sherwin-Williams Co., consolidated cash flow statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income 1,864,400 2,030,400 1,541,300 1,108,746 1,772,262
Loss from discontinued operations 41,540
Depreciation 263,100 268,000 262,100 278,169 284,997
Non-cash lease expense 400,700 381,300 370,800
Amortization of intangible assets 309,500 313,400 312,800 318,112 206,764
Loss on divestiture of business 111,900
Amortization of inventory purchase accounting adjustments 54,924
(Gain) loss on extinguishment of debt (1,400) 21,300 14,800
Impairment of trademarks 2,300 122,100 2,022
Amortization of credit facility and debt issuance costs 6,400 7,200 9,200 12,133 8,313
Provisions for environmental-related matters (4,000) 37,100 23,000 176,297 15,443
Deferred income taxes (80,300) (145,300) (131,100) (143,378) (606,135)
Defined benefit pension plans net cost 6,800 7,600 43,100 36,371 18,153
Stock-based compensation expense 97,700 95,900 101,700 82,588 90,292
Decrease in non-traded investments 53,600 84,800 82,300 72,453 65,703
(Gain) loss on sale or disposition of assets (6,100) (9,400) 16,100 12,825 5,422
Other (6,400) (6,900) 10,200 (14,779) 33,689
(Increase) decrease in accounts receivable (287,800) 10,300 (73,200) 18,424 (49,850)
(Increase) decrease in inventories (228,100) 84,400 (75,500) (119,510) (89,959)
Increase (decrease) in accounts payable 346,100 227,200 36,200 113,786 166,687
Increase (decrease) in accrued taxes (32,700) 99,200 5,100 2,717 (20,878)
Increase (decrease) in accrued compensation and taxes withheld (10,900) 197,700 49,600 4,640 11,286
(Increase) decrease in refundable income taxes (38,500) 40,600 (47,800) 20,092 (15,520)
Other (46,800) (62,000) (40,800) 89,560 16,270
Change in working capital accounts (298,700) 597,400 (146,400) 129,709 18,036
Change in operating lease liabilities (401,400) (371,400) (368,400)
Costs incurred for environmental-related matters (41,300) (39,000) (26,100) (17,718) (13,792)
Adjustments to reconcile net income to net operating cash 410,100 1,244,300 696,200 942,782 225,371
Other (29,900) 133,900 83,800 (107,828) (113,665)
Net operating cash 2,244,600 3,408,600 2,321,300 1,943,700 1,883,968
Capital expenditures (372,000) (303,800) (328,900) (250,957) (222,767)
Acquisitions of businesses, net of cash acquired (210,900) (77,300) (8,810,315)
Proceeds from divestiture of business 122,500
Proceeds from sale of assets 14,800 60,700 6,900 38,354 47,246
Other (30,800) (79,300) (63,300) (39,037) (61,526)
Net investing cash (476,400) (322,400) (462,600) (251,640) (9,047,362)
Net increase (decrease) in short-term borrowings 763,900 (204,600) (122,800) (300,942) 356,320
Proceeds from long-term debt 994,800 999,000 1,332,800 8,275,169
Payments of long-term debt (422,900) (1,204,700) (1,875,800) (852,627) (1,852,812)
Payments for credit facility and debt issuance costs (11,500) (10,000) (13,600) (5,185) (49,376)
Payments of cash dividends (587,100) (488,000) (420,800) (322,934) (319,029)
Proceeds from stock options exercised 192,800 182,700 154,600 90,745 143,579
Treasury stock purchased (2,752,300) (2,446,300) (778,800) (613,312)
Proceeds from treasury stock issued 11,700 182,400
Proceeds from real estate financing transactions 7,200 225,345
Other (23,400) (30,600) (129,200) 32,257 (39,761)
Net financing cash (1,834,000) (3,020,100) (1,846,400) (1,746,653) 6,514,090
Effect of exchange rate changes on cash 4,900 (1,300) (6,000) 5,885 (36,276)
Net increase (decrease) in cash and cash equivalents (60,900) 64,800 6,300 (48,708) (685,580)
Cash and cash equivalents at beginning of year 226,600 161,800 155,500 204,213 889,793
Cash and cash equivalents at end of year 165,700 226,600 161,800 155,505 204,213

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 operating cash 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. Sherwin-Williams Co. net operating cash increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Net investing cash 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. Sherwin-Williams Co. net investing cash increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Net financing cash 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. Sherwin-Williams Co. net financing cash decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.