Snap-on Inc SNA Income Statement

Snap-on inc (SNA)

Income statement / TTM

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
3,998	4,067	4,063	4,058	4,059	4,070	4,244	4,246	4,131	4,000	3,962	3,813	3,764	3,711	3,392	3,379	3,359	3,352	3,358	3,343	3,318	3,277	3,217	3,164	3,102	3,056	3,012	2,970	2,944	2,937	2,921	2,906	2,895	2,854	2,814	2,770	2,691	2,619	2,504	2,441	0	0	0
Operating earnings from financial services before arbitration settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-
Arbitration settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Operating earnings
908	962	966	970	971	956	930	906	894	882	904	903	881	861	833	812	789	764	744	726	706	684	653	628	604	586	570	551	533	516	501	492	496	475	446	414	361	331	283	269	0	0	0
Interest expense
47	49	49	49	49	50	51	52	53	52	51	51	51	52	52	52	52	51	52	52	52	52	53	55	56	56	56	55	55	55	54	56	58	61	61	60	57	54	53	51	0	0	0
Other income (expense) – net
8	8	9	5	2	4	-0	-1	-2	-7	-13	-12	-9	-7	-0	-0	-2	-2	-2	-2	-1	-0	-1	-1	-3	-3	-3	-2	-0	-0	-1	-3	-2	-1	0	3	1	0	0	0	0	0	0
Earnings before income taxes and equity earnings
869	922	927	926	924	909	878	853	838	821	839	839	820	801	780	760	734	710	690	671	653	630	599	572	544	526	511	493	477	460	445	433	435	412	384	357	305	277	230	218	0	0	0
Income tax expense
198	211	212	213	213	214	228	234	245	250	252	254	249	244	238	233	227	221	216	211	207	199	189	181	172	166	161	156	151	148	144	140	141	133	122	115	95	87	73	67	0	0	0
Earnings before equity earnings
670	710	714	713	710	695	649	618	592	571	587	585	571	557	542	527	507	489	473	459	446	431	409	390	372	359	349	337	325	312	300	293	294	279	262	242	209	189	156	151	0	0	0
Equity earnings, net of tax
0	0	0	0	0	0	0	1	1	1	1	1	2	2	2	1	1	1	1	1	1	0	0	0	0	0	0	1	1	2	3	4	4	4	4	3	3	3	2	1	0	0	0
Net earnings
671	711	715	713	711	696	650	619	593	572	588	586	573	559	544	529	508	490	474	461	447	432	410	390	372	359	349	338	326	314	304	297	298	283	267	246	213	193	159	153	0	0	0
Net earnings attributable to noncontrolling interests
18	17	17	17	16	16	15	15	14	14	14	14	13	13	12	12	12	11	11	10	10	10	10	9	9	9	9	9	8	8	8	7	7	7	7	7	7	6	5	8	0	0	0
Net earnings attributable to Snap-on Incorporated
652	693	697	696	694	679	634	604	579	557	574	572	559	546	531	516	496	478	463	450	436	421	400	381	363	350	340	329	317	306	295	289	291	276	259	238	205	186	154	144	0	0	0
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	54	55	55	55	55	56	56	56	56	57	57	57	58	58	58	58	58	58	58	58	57	58	58	58	58	58	58	58	58	58	58	58	64	52	58	58	58	58	58	57	57	57
Effect of dilutive securities (in shares)
0	0	0	0	0	1	1	0	1	1	1	1	1	1	1	1	1	1	0	0	0	1	0	0	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Diluted (in shares)
55	55	55	56	56	56	57	57	57	57	58	59	59	59	59	59	59	59	59	59	59	59	59	58	59	59	59	58	59	59	58	58	58	58	58	58	58	58	58	58	58	57	57
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
3,660	3,730	3,727	3,723	3,726	3,740	3,692	3,768	3,735	-	3,602	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods sold
1,866	1,886	1,876	1,866	1,856	1,870	1,884	1,895	1,886	1,861	1,797	1,757	1,739	1,720	1,714	1,713	1,705	1,704	1,711	1,709	1,702	1,693	1,666	1,642	1,607	1,583	1,565	1,548	1,545	1,547	1,547	1,544	1,540	1,516	1,493	1,477	1,437	1,408	1,351	1,335	0	0	0
Gross profit
1,794	1,844	1,850	1,856	1,870	1,870	1,878	1,873	1,849	1,825	1,805	1,775	1,743	1,710	1,678	1,665	1,653	1,648	1,647	1,634	1,615	1,584	1,551	1,521	1,494	1,472	1,446	1,422	1,399	1,390	1,373	1,362	1,355	1,337	1,320	1,292	1,254	1,211	1,153	1,105	0	0	0
Operating expenses
1,126	1,127	1,123	1,124	1,134	1,144	1,176	1,191	1,177	1,161	1,115	1,080	1,066	1,048	1,036	1,038	1,041	1,053	1,069	1,069	1,063	1,048	1,037	1,027	1,020	1,012	998	989	979	980	971	962	960	953	952	940	921	894	869	847	0	0	0
Operating earnings
667	716	727	732	735	726	701	681	672	664	689	694	677	662	641	627	612	594	577	564	551	535	514	494	474	460	448	433	420	409	402	400	394	384	367	352	332	317	283	258	0	0	0
Financial Service
Net sales
338	337	336	334	332	329	326	323	319	313	307	300	291	281	270	259	249	240	236	229	222	214	202	194	187	181	176	171	167	161	153	146	136	124	110	94	78	62	46	55	0	0	0
Cost of goods sold
97	91	96	96	97	99	98	98	97	95	93	91	87	82	78	74	72	70	69	67	67	65	63	60	57	55	54	53	54	54	54	53	52	51	50	50	49	47	47	43	0	0	0
Operating earnings
240	245	239	238	235	230	228	225	221	217	214	209	204	198	192	185	176	170	167	161	155	149	139	133	129	125	122	118	113	106	99	92	102	90	74	59	25	14	13	-7	0	0	0