Snap-on inc (SNA)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Net sales

4,067

4,070

4,000

3,711

3,352

3,277

3,056

2,937

2,854

2,619

2,362

2,853

Operating earnings from financial services before arbitration settlement

-

-

-

-

-

-

-

-

72

14

17

-

Arbitration settlement

-

-

-

-

-

-

-

-

18

-

-

-

Operating earnings

962

956

882

861

764

684

586

516

475

331

250

388

Interest expense

49

50

52

52

51

52

56

55

61

54

47

33

Other income (expense) – net

8

4

-7

-7

-2

-0

-3

-0

-1

0

2

2

Earnings before income taxes and equity earnings

922

909

821

801

710

630

526

460

412

277

205

357

Income tax expense

211

214

250

244

221

199

166

148

133

87

62

117

Earnings before equity earnings

710

695

571

557

489

431

359

312

279

189

142

240

Equity earnings, net of tax

0

0

1

2

1

0

0

2

4

3

1

3

Net earnings

711

696

572

559

490

432

359

314

283

193

143

243

Net earnings attributable to noncontrolling interests

17

16

14

13

11

10

9

8

7

6

9

6

Net earnings attributable to Snap-on Incorporated

693

679

557

546

478

421

350

306

276

186

134

236

Net earnings per share attributable to Snap-on Incorporated:
Basic (in dollars per share)

12.59

12.08

9.72

9.40

8.24

7.26

6.02

5.26

4.75

3.22

2.33

4.12

Diluted (in dollars per share)

12.41

11.87

9.52

9.20

8.10

7.14

5.93

5.20

4.71

3.19

2.32

4.07

Weighted-average shares outstanding:
Basic (in shares)

55

56

57

58

58

58

58

58

58

58

57

57

Effect of dilutive securities (in shares)

0

1

1

1

1

1

0

0

0

0

0

0

Diluted (in shares)

55

57

58

59

59

59

59

58

58

58

57

58

Excluding Financial Services
Net sales

3,730

3,740

3,686

3,430

-

-

-

-

-

-

-

-

Cost of goods sold

1,886

1,870

1,861

1,720

1,704

1,693

1,583

1,547

1,516

1,408

1,304

1,568

Gross profit

1,844

1,870

1,825

1,710

1,648

1,584

1,472

1,390

1,337

1,211

1,057

1,284

Operating expenses

1,127

1,144

1,161

1,048

1,053

1,048

1,012

980

953

894

824

933

Operating earnings

716

726

664

662

594

535

460

409

384

317

233

351

Financial Service
Net sales

337

329

313

281

240

214

181

161

124

62

58

81

Cost of goods sold

91

99

95

82

70

65

55

54

51

47

40

44

Operating earnings

245

230

217

198

170

149

125

106

90

14

17

-37