Snap-on Inc SNA Income Statement

Snap-on inc (SNA)

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	Sep'09	Jun'09
Net sales
938,100	1,039,100	985,900	1,035,400	1,007,300	1,035,200	980,100	1,036,600	1,018,500	1,209,000	982,800	921,400	887,100	1,171,200	834,100	872,300	834,200	851,700	821,500	851,800	827,800	857,400	806,300	826,500	787,500	797,500	753,200	764,100	741,700	753,200	711,600	737,900	735,200	736,600	697,200	726,700	693,700	696,900	653,100	647,600	621,600	581,800	590,000
Operating earnings from financial services before arbitration settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,800	17,500	-	-	5,000	1,700	-	-	-
Arbitration settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,000	-	-	-	-	-	-	-
Operating earnings
195,800	233,600	228,700	250,500	249,500	238,200	232,400	250,900	234,600	212,400	208,700	238,300	222,700	234,600	208,200	215,900	202,400	207,300	187,100	192,200	178,200	187,400	168,300	172,900	156,100	156,600	142,900	148,400	138,300	140,700	124,100	130,200	121,400	125,900	115,100	134,300	99,800	96,900	83,800	80,700	70,000	48,700	70,300
Interest expense
11,400	12,100	12,000	12,400	12,500	12,400	12,400	12,000	13,600	13,600	13,100	13,000	12,700	13,100	13,100	12,900	13,100	13,000	13,000	12,900	13,000	13,800	12,700	12,700	13,700	14,300	14,400	13,800	13,600	14,400	13,600	13,900	13,900	13,500	15,100	16,300	16,300	14,100	13,500	13,200	14,000	12,800	11,600
Other income (expense) – net
1,500	2,400	2,800	2,100	1,500	3,000	-1,000	-600	2,800	-1,800	-1,700	-1,900	-2,400	-7,200	-800	1,200	-700	-500	-500	-700	-700	-200	-900	300	-100	-800	-800	-1,700	-600	100	-200	100	-400	-1,000	-1,700	900	800	600	700	-800	300	200	1,100
Earnings before income taxes and equity earnings
185,900	223,900	219,500	240,200	238,500	228,800	219,000	238,300	223,800	197,000	193,900	223,400	207,600	214,300	194,300	204,200	188,600	193,800	173,600	178,600	164,500	173,400	154,700	160,500	142,300	141,500	127,700	132,900	124,100	126,400	110,300	116,400	107,100	111,400	98,300	118,900	84,300	83,400	71,000	66,700	56,300	36,100	59,800
Income tax expense
43,900	48,900	50,400	55,600	56,900	49,500	51,500	55,800	57,600	63,800	57,200	67,300	62,600	64,900	59,600	62,200	57,600	59,300	53,900	56,200	51,800	54,900	48,400	51,900	44,300	44,600	40,800	42,500	38,800	39,800	34,900	38,300	35,200	36,200	30,500	39,800	27,200	24,500	23,800	20,300	19,000	10,300	17,600
Earnings before equity earnings
142,000	175,000	169,100	184,600	181,600	179,300	167,500	182,500	166,200	133,200	136,700	156,100	145,000	149,400	134,700	142,000	131,000	134,500	119,700	122,400	112,700	118,500	106,300	108,600	98,000	96,900	86,900	90,400	85,300	86,600	75,400	78,100	71,900	75,200	67,800	79,100	57,100	58,900	47,200	46,400	37,300	25,800	42,200
Equity earnings, net of tax
0	0	100	300	500	0	-100	200	600	0	400	700	100	300	500	1,400	300	0	200	600	500	200	100	200	200	0	100	300	-200	100	1,000	400	1,100	900	2,000	800	900	900	1,100	500	700	600	-200
Net earnings
142,000	175,000	169,200	184,900	182,100	179,300	167,400	182,700	166,800	133,200	137,100	156,800	145,100	149,700	135,200	143,400	131,300	134,500	119,900	123,000	113,200	118,700	106,400	108,800	98,200	96,900	87,000	90,700	85,100	86,700	76,400	78,500	73,000	76,100	69,800	79,900	58,000	59,800	48,300	46,900	38,000	26,400	42,000
Net earnings attributable to noncontrolling interests
4,800	4,400	4,600	4,500	4,200	4,300	4,200	4,000	3,800	3,700	3,700	3,600	3,500	3,400	3,500	3,300	3,000	3,100	3,100	3,000	2,700	2,500	2,700	2,700	2,300	2,400	2,400	2,300	2,300	2,100	2,300	2,100	2,000	1,800	2,000	1,900	1,800	1,900	1,800	1,600	1,200	1,000	4,600
Net earnings attributable to Snap-on Incorporated
137,200	170,600	164,600	180,400	177,900	175,000	163,200	178,700	163,000	129,500	133,400	153,200	141,600	146,300	131,700	140,100	128,300	131,400	116,800	120,000	110,500	116,200	103,700	106,100	95,900	94,500	84,600	88,400	82,800	84,600	74,100	76,400	71,000	74,300	67,800	78,000	56,200	57,900	46,500	45,300	36,800	25,400	37,400
Net earnings per share attributable to Snap-on Incorporated:
Basic (in dollars per share)
2.52	3.12	2.99	3.27	3.21	3.14	2.90	3.17	2.87	2.29	2.33	2.65	2.45	2.51	2.27	2.41	2.21	2.26	2.01	2.07	1.90	2.00	1.78	1.83	1.65	1.63	1.45	1.52	1.42	1.46	1.27	1.31	1.22	1.28	1.16	1.34	0.97	1.00	0.80	0.78	0.64	0.44	0.65
Diluted (in dollars per share)
2.49	3.07	2.96	3.22	3.16	3.08	2.85	3.12	2.82	2.24	2.29	2.60	2.39	2.46	2.22	2.36	2.16	2.22	1.98	2.03	1.87	1.96	1.76	1.80	1.62	1.60	1.43	1.50	1.40	1.43	1.26	1.30	1.21	1.26	1.16	1.33	0.96	0.98	0.80	0.78	0.63	0.44	0.65
Weighted-average shares outstanding:
Basic (in shares)
54,523	54,685	55,000	55,200	55,514	55,800	56,300	56,400	56,700	56,659	57,200	57,800	57,940	58,200	58,000	58,100	58,100	58,068	58,084	58,114	58,132	57,954	58,110	58,127	58,206	58,136	58,163	58,221	58,278	58,214	58,257	58,155	58,172	64,267	52,165	58,186	58,181	58,050	58,132	58,017	57,800	57,700	57,700
Effect of dilutive securities (in shares)
524	909	700	800	790	1,000	1,000	900	1,100	1,116	1,100	1,200	1,383	1,200	1,300	1,300	1,400	1,036	998	991	972	1,356	902	870	871	1,053	837	743	965	941	600	657	600	341	514	593	549	548	269	281	500	100	200
Diluted (in shares)
55,048	55,594	55,700	56,000	56,305	56,800	57,300	57,300	57,800	57,775	58,300	59,000	59,324	59,400	59,300	59,400	59,500	59,104	59,083	59,106	59,105	59,311	59,013	58,998	59,077	59,190	59,001	58,964	59,244	59,156	58,857	58,813	58,772	58,608	58,679	58,779	58,731	58,598	58,402	58,298	58,300	57,800	57,900
Dividends declared per common share (in dollars per share)
1.08	-	0.95	0.95	0.95	-	0.82	0.82	0.82	-	0.71	0.71	0.71	-	0.61	0.61	0.61	-	0.53	0.53	0.53	-	0.44	0.44	0.44	-	0.38	0.38	0.38	-	0.34	0.34	0.34	-	0.32	0.32	0.32	-	0.30	0.30	0.30	0.30	0.30
Excluding Financial Services
Net sales
852,200	955,200	901,800	951,300	921,700	952,500	898,100	954,600	935,500	-	903,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods sold
430,600	504,700	453,700	477,500	450,100	495,100	444,200	467,500	463,900	509,000	455,000	458,200	438,800	445,100	415,000	441,000	418,900	439,400	414,600	432,800	417,700	446,100	412,400	426,100	408,800	419,000	388,900	390,900	384,800	401,200	371,200	388,000	387,500	400,800	367,900	384,500	363,100	378,400	351,900	343,800	334,000	321,300	336,000
Gross profit
421,600	450,500	448,100	473,800	471,600	457,400	453,900	487,100	471,600	465,600	448,800	463,200	448,300	444,700	419,100	431,300	415,300	412,300	406,900	419,000	410,100	411,300	393,900	400,400	378,700	378,500	364,300	373,200	356,900	352,000	340,400	349,900	347,700	335,800	329,300	342,200	330,600	318,500	301,200	303,800	287,600	260,500	254,000
Operating expenses
282,700	279,100	280,400	283,900	284,200	275,300	280,800	294,000	293,900	307,600	296,100	279,500	278,100	261,700	261,500	264,900	259,900	250,000	263,300	268,200	272,200	266,100	263,300	262,300	257,000	254,900	253,000	255,400	249,100	240,600	244,200	245,300	250,200	232,000	235,000	243,400	243,300	231,000	222,400	224,800	215,900	206,500	200,300
Operating earnings
138,900	171,400	167,700	189,900	187,400	182,100	173,100	193,100	177,700	158,000	152,700	183,700	170,200	183,000	157,600	166,400	155,400	162,300	143,600	150,800	137,900	145,200	130,600	138,100	121,700	123,600	111,300	117,800	107,800	111,400	96,200	104,600	97,500	103,800	94,300	98,800	87,300	87,500	78,800	79,000	71,700	54,000	53,700
Financial Service
Net sales
85,900	83,900	84,100	84,100	85,600	82,700	82,000	82,000	83,000	79,900	79,000	77,700	76,800	74,200	71,600	69,300	66,300	63,100	61,100	58,700	57,400	59,400	53,600	51,700	50,200	47,400	45,100	44,500	44,000	42,900	40,500	39,900	38,000	35,500	32,700	30,300	25,800	21,500	17,200	13,900	9,700	6,000	25,600
Cost of goods sold
29,000	21,700	23,100	23,500	23,500	26,600	22,700	24,200	26,100	25,500	23,000	23,100	24,300	22,600	21,000	19,800	19,300	18,100	17,600	17,300	17,100	17,200	15,900	16,900	15,800	14,400	13,500	13,900	13,500	13,600	12,600	14,300	14,100	13,400	11,900	12,800	13,300	12,100	12,200	12,200	11,400	11,300	9,000
Operating earnings
56,900	62,200	61,000	60,600	62,100	56,100	59,300	57,800	56,900	54,400	56,000	54,600	52,500	51,600	50,600	49,500	47,000	45,000	43,500	41,400	40,300	42,200	37,700	34,800	34,400	33,000	31,600	30,600	30,500	29,300	27,900	25,600	23,900	22,100	20,800	35,500	12,500	6,000	5,000	1,700	1,700	5,300	-16,600