ILLINOIS TOOL WORKS INC ITW Income Statement

Illinois tool works inc (ITW)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenue from Contract with Customer, Excluding Assessed Tax
3,228	3,469	3,479	3,609	3,552	3,580	3,613	3,831	3,744	3,629	3,615	3,599	3,471	3,399	3,495	3,431	3,274	3,275	3,354	3,434	3,342	3,504	3,692	3,719	3,569	3,554	3,568	3,593	3,420	2,237	3,733	4,463	4,358	1,048	4,580	4,615	4,272	3,809	3,941	3,928	3,737	3,453	3,580	3,392	3,146	4,464	4,555
Cost of revenue
1,871	2,022	2,007	2,099	2,059	2,096	2,096	2,231	2,181	2,124	2,092	2,087	2,003	2,018	2,027	1,967	1,896	1,941	1,953	2,024	1,970	2,114	2,182	2,219	2,158	2,173	2,148	2,155	2,078	1,268	2,289	2,814	2,763	369	2,962	2,996	2,762	2,545	2,548	2,514	2,389	2,237	2,315	2,248	2,152	2,936	2,941
Selling, administrative, and research and development expenses
560	586	566	598	611	578	581	620	612	609	592	603	608	593	604	617	597	598	581	622	616	644	675	677	682	689	676	747	703	564	713	819	832	369	836	845	796	746	720	735	753	694	720	757	761	806	814
Legal settlement (income)
-	-	-	-	-	-	-	-	-	-	80	15	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization and impairment of intangible assets
36	37	38	41	43	46	47	48	48	50	51	52	53	54	56	55	59	57	59	58	59	63	60	60	62	64	64	61	61	49	62	72	69	33	68	63	55	50	51	51	52	45	49	51	50	50	42
Impairment of goodwill and other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-	-	2	-	0	-	2	-	-	-	0	-	-	-	1	-	-	3	12	0	89	0	0
Operating Income
761	824	868	871	839	860	889	932	903	846	960	872	807	734	808	792	722	679	761	730	697	686	772	763	667	628	678	630	578	356	667	758	694	277	714	711	659	466	619	626	541	473	483	334	91	670	757
Interest expense
51	51	52	55	63	63	64	64	66	66	65	65	64	63	58	58	58	58	59	55	54	54	68	64	64	60	60	59	60	61	52	50	50	53	49	45	44	43	43	43	44	43	45	43	31	-38	-36
Other income (expense)
25	58	26	9	14	19	10	26	12	16	11	12	6	55	13	17	4	13	23	21	21	25	20	7	9	5	10	10	47	-22	1	24	8	7	25	15	6	2	0	2	4	8	11	-19	-4	16	24
Income Before Taxes
735	831	842	825	790	816	835	894	849	796	906	819	749	726	763	751	668	634	725	696	664	657	724	706	612	573	628	581	565	1,206	616	732	652	231	690	681	621	425	577	584	501	438	449	271	55	649	744
Income Taxes
169	190	182	202	193	209	197	228	197	872	266	232	213	219	228	226	200	184	214	216	206	196	217	212	184	166	222	165	164	401	171	213	188	36	200	197	15	109	174	185	168	-56	146	92	63	184	216
Income from Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	461	507	494	428	407	406	416	401	805	445	519	464	195	490	484	606	-	403	399	-	494	302	178	-8	464	528
Income from Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11	24	998	45	1	46	49	-47	174	79	362	22	247	17	15	17	-	18	11	-	38	-0	-2	-31	-11	-0
Net Income
566	641	660	623	597	607	638	666	652	-76	640	587	536	507	535	525	468	450	511	480	458	450	531	1,492	473	408	452	465	354	979	524	881	486	442	507	499	623	335	422	411	333	533	302	176	-39	453	528
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.18	1.29	1.22	1.01	0.92	0.91	0.93	0.89	1.73	0.96	1.10	0.96	0.41	1.01	0.97	1.22	-	0.80	0.79	-	0.99	0.61	0.36	-0.02	0.90	1.01
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.17	1.28	1.21	1.01	0.93	0.90	0.92	0.88	1.73	0.95	1.09	0.95	0.42	1.00	0.96	1.21	-	0.80	0.79	-	0.99	0.60	0.36	-0.02	0.89	1.01
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.06	2.47	0.11	0.00	0.10	0.11	-0.10	0.38	0.17	0.76	0.05	0.50	0.04	0.03	0.03	-	0.04	0.02	-	0.07	0.00	0.00	-0.06	-0.02	0.00
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.06	2.45	0.11	0.00	0.10	0.11	-0.10	0.37	0.17	0.76	0.05	0.50	0.04	0.03	0.03	-	0.04	0.02	-	0.07	0.00	0.00	-0.06	-0.02	0.00
Net Income Per Share:
Basic (in dollars per share)
1.78	2.00	2.05	1.92	1.82	1.84	1.91	1.98	1.92	-0.21	1.86	1.70	1.55	1.46	1.51	1.47	1.29	1.23	1.40	1.31	1.22	1.17	1.35	3.69	1.12	0.93	1.01	1.04	0.78	2.11	1.13	1.86	1.01	0.92	1.04	1.00	1.25	0.68	0.84	0.82	0.66	1.07	0.60	0.35	-0.08	0.88	1.01
Diluted (in dollars per share)
1.77	1.99	2.04	1.91	1.81	1.83	1.90	1.97	1.90	-0.22	1.85	1.69	1.54	1.45	1.50	1.46	1.29	1.23	1.39	1.30	1.21	1.17	1.34	3.66	1.11	0.92	1.01	1.03	0.78	2.09	1.12	1.85	1.00	0.92	1.04	0.99	1.24	0.68	0.84	0.81	0.66	1.07	0.60	0.35	-0.08	0.87	1.01
Paid (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.65	0.65	0.65	-	0.55	0.55	0.55	-	0.48	0.48	0.48	-	0.42	0.42	0.42	-	0.38	0.38	0.00	-	0.36	0.36	0.36	-	0.34	0.34	0.34	-	0.31	0.31	0.31	-	0.31	0.31	0.31	0.28	0.28
Declared (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.78	0.65	0.65	-	0.65	0.55	0.55	-	0.55	0.48	0.48	-	0.48	0.42	0.42	-	0.42	0.38	0.38	-	0.38	0.36	0.36	-	0.36	0.34	0.34	-	0.34	0.31	0.31	-	0.31	0.31	0.31	0.31	0.28
Shares of Common Stock Outstanding During the Period:
Average (in shares)
318	-	322	324	327	-	333	336	340	-	343	344	346	-	353	356	362	-	365	366	376	-	394	404	421	-	445	449	451	-	464	472	482	-	486	497	498	-	500	503	502	-	500	499	499	517	521
Average assuming dilution (in shares)
319	-	324	326	329	-	335	338	342	-	346	347	349	-	355	358	363	-	367	368	379	-	396	407	425	-	448	452	454	-	468	476	485	-	488	501	502	-	503	506	505	-	502	500	499	521	525