ILLINOIS TOOL WORKS INC

10-K & 10-Q Filings

Illinois Tool Works Inc. (ITW) is a global manufacturing company founded in 1912 and incorporated in 1915. The company's ticker symbol is ITW and it is organized into seven business segments: Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products. ITW operates in 51 countries and employs approximately 45,000 people. The company's business model is based on the 80/20 Front-to-Back process, which focuses on eliminating cost, complexity, and distractions associated with less profitable opportunities and optimizing resources for the largest and best opportunities. ITW has a decentralized, entrepreneurial culture that enables its businesses to respond rapidly to market dynamics and drive operational excellence. The company's website is www.itw.com.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$17786.58
17924.00
14135.00
14484.00
13405.00
13599.00
14314.00
14768.00
14109.00
12574.00
14455.00
15932.00
16107.00
4019.00
3973.00
-0.82%-1.14%Cost of Revenue (-)
$11517.89
11455.00
8554.00
8673.00
7888.00
7896.00
8309.00
8604.00
8187.00
7375.00
8489.00
9429.00
9316.00
2341.00
2145.00
-1.75%-8.37%Gross Profit (+)
$6268.70
6469.00
5581.00
5811.00
5517.00
5703.00
6005.00
6164.00
5922.00
5199.00
5966.00
6503.00
6791.00
1678.00
1828.00
0.67%8.94%Depreciation & Amortization (-)
$255.34
288.00
250.00
242.00
231.00
Non-recurring Operating Expenses (-)
$
-95.00
Operating Expenses (-)
$255.34
3622.00
3065.00
2920.00
231.00
2639.00
-95.00
2317.00
2489.00
2713.00
2751.00
706.00
701.00
21.91%-0.71%Costs & Expenses (Total) (-)
$11773.22
15077.00
11619.00
11593.00
8119.00
10535.00
8214.00
8604.00
8187.00
9692.00
10978.00
12142.00
12067.00
3047.00
2846.00
0.21%-6.60%Operating Income/Loss (+)
$2731.01
2847.00
2514.00
2888.00
2867.00
3064.00
3494.00
3584.00
3402.00
2882.00
3477.00
3790.00
4040.00
972.00
1127.00
3.32%15.95%Non-operating Income/Expense (+)
$53.84
37.00
72.00
61.00
78.00
81.00
36.00
67.00
107.00
28.00
51.00
255.00
49.00
10.00
16.00
-0.78%60.00%Interest Expense (-)
$192.13
214.00
239.00
250.00
226.00
237.00
260.00
257.00
221.00
206.00
202.00
203.00
266.00
60.00
71.00
2.75%18.33%Earnings before Tax (+)
$2592.71
3603.00
2347.00
2699.00
2719.00
2908.00
3270.00
3394.00
3288.00
2704.00
3326.00
3842.00
3823.00
922.00
1072.00
3.29%16.27%Tax Expense (-)
$575.70
1108.00
717.00
809.00
820.00
873.00
1583.00
831.00
767.00
595.00
632.00
808.00
866.00
208.00
253.00
3.46%21.63%Income/Loss (Continuing Operations) (+)
$2017.01
2495.00
1630.00
1890.00
1899.00
2035.00
1687.00
2563.00
2521.00
2109.00
2694.00
3034.00
2957.00
714.00
819.00
3.24%14.71%Income/Loss (Discontinued Operations) (+)
$54.37
375.00
49.00
1056.00
Profit/Loss (+)
$2071.38
2870.00
1679.00
2946.00
1899.00
2035.00
1687.00
2563.00
2521.00
2109.00
2694.00
3034.00
2957.00
714.00
819.00
3.01%14.71%Net Income/Loss (+)
$2071.38
2870.00
1679.00
2946.00
1899.00
2035.00
1687.00
2563.00
2521.00
2109.00
2694.00
3034.00
2957.00
714.00
819.00
3.01%14.71%Net Income/Loss (Common) (+)
$2071.38
2870.00
1679.00
2946.00
1899.00
2035.00
1687.00
2563.00
2521.00
2109.00
2694.00
3034.00
2957.00
714.00
819.00
3.01%14.71%EPS (Basic)
$
2.34
2.74
17.09%EPS (Diluted)
$4.19
6.06
3.74
7.28
5.13
5.70
4.86
7.60
7.74
6.63
8.51
9.77
9.74
2.33
2.73
7.28%17.17%Weighted Avg Shares (Basic)
305.00
298.90
-2.00%Weighted Avg Shares (Diluted)
306.10
300.00
-1.99%Cash
$1177.88
2779.00
3618.00
3990.00
3090.00
2472.00
3094.00
1504.00
1981.00
2564.00
1527.00
708.00
1065.00
1143.00
959.00
-0.84%-16.10%Receivables
$2818.89
2742.00
2365.00
2293.00
2203.00
2357.00
2628.00
2622.00
2461.00
2506.00
2840.00
3171.00
3123.00
3201.00
3238.00
0.86%1.16%Inventory
$1715.86
1585.00
1247.00
1180.00
1086.00
1076.00
1220.00
1318.00
1164.00
1189.00
1694.00
2054.00
1707.00
2000.00
1825.00
-0.04%-8.75%Prepaid Expenses (Current)
$384.49
522.00
366.00
401.00
341.00
218.00
336.00
334.00
296.00
264.00
313.00
329.00
340.00
334.00
349.00
-1.02%4.49%Other Assets (Current)
$752.23
332.00
2220.00
212.00
351.00
8.00
10.00
Assets (Current)
$6849.35
7960.00
9816.00
8076.00
6720.00
6123.00
7278.00
5778.00
6253.00
6523.00
6374.00
6270.00
6235.00
6688.00
6371.00
-0.78%-4.74%Securities & Long-term Investments
$408.91
146.00
Property, Plant & Equipment (Net)
$2025.40
1994.00
1709.00
1686.00
1577.00
1652.00
1778.00
1791.00
1729.00
1777.00
1809.00
1848.00
1976.00
1885.00
1973.00
-0.21%4.67%Accumulated Depreciation
$4061.90
Goodwill & Intangibles
$7430.98
7788.00
6885.00
6466.00
5999.00
6021.00
6024.00
5717.00
5343.00
5471.00
5937.00
5632.00
5566.00
5622.00
5557.00
-2.38%-1.16%Other Assets
$635.05
1421.00
1556.00
1450.00
1433.00
1405.00
1700.00
1584.00
1743.00
1841.00
1957.00
1672.00
1741.00
1726.00
1752.00
8.77%1.51%Assets (Non-current)
$11134.17
11349.00
10150.00
9602.00
9009.00
9078.00
9502.00
9092.00
8815.00
9089.00
9703.00
9152.00
9283.00
9233.00
9282.00
-1.50%0.53%Assets (Total)
$17983.51
19309.00
19966.00
17678.00
15729.00
15201.00
16780.00
14870.00
15068.00
15612.00
16077.00
15422.00
15518.00
15921.00
15653.00
-1.22%-1.68%Accounts Payable
$2362.99
2184.00
2156.00
2049.00
1842.00
2108.00
2203.00
2191.00
2079.00
2239.00
2692.00
2869.00
2850.00
2725.00
2778.00
1.57%1.94%Debt (Current)
$502.06
459.00
3551.00
1476.00
526.00
652.00
850.00
1351.00
4.00
350.00
778.00
1590.00
1825.00
2870.00
2066.00
11.35%-28.01%Other Liabilities (Current)
$111.67
8.00
327.00
8.00
71.00
1.00
1.00
Liabilities (Current)
$2976.73
2651.00
6034.00
3533.00
2368.00
2760.00
3053.00
3542.00
2154.00
2589.00
3470.00
4460.00
4675.00
5596.00
4844.00
3.83%-13.44%Debt (Non-current)
$3488.20
4589.00
2793.00
5981.00
6896.00
7177.00
7478.00
6029.00
7754.00
7772.00
6909.00
6173.00
6339.00
5510.00
6259.00
5.10%13.59%Other Liabilities
$1484.52
1499.00
1430.00
1340.00
1237.00
1005.00
1660.00
2041.00
2130.00
2069.00
2072.00
1700.00
1491.00
1714.00
1529.00
0.04%-10.79%Liabilities (Non-current)
$4972.72
6088.00
4223.00
7321.00
8133.00
8182.00
9138.00
8070.00
9884.00
9841.00
8981.00
7873.00
7830.00
7224.00
7788.00
3.86%7.81%Liabilities (Total)
$7949.45
8739.00
10257.00
10854.00
10501.00
10942.00
12191.00
11612.00
12038.00
12430.00
12451.00
12333.00
12505.00
12820.00
12632.00
3.85%-1.47%Treasury Stock
$2692.20
4722.00
6676.00
10798.00
12729.00
14638.00
15562.00
17545.00
18982.00
19659.00
20636.00
22377.00
23870.00
22743.00
24243.00
19.94%6.60%Retained Earnings
$11794.18
13973.00
14943.00
17173.00
18316.00
19505.00
20210.00
21217.00
22403.00
23114.00
24325.00
25799.00
27122.00
26115.00
27523.00
7.19%5.39%AOCI
$224.22
293.00
384.00
-658.00
-1504.00
-1807.00
-1287.00
-1677.00
-1705.00
-1642.00
-1502.00
-1841.00
-1834.00
-1804.00
-1884.00
-4.43%Shareholder's Equity
$10034.06
10570.00
9709.00
6824.00
5228.00
4259.00
4589.00
3258.00
3030.00
3182.00
3626.00
3089.00
3013.00
3101.00
3021.00
-9.54%-2.58%Liabilities & Equity
$17983.51
19309.00
19966.00
17678.00
15729.00
15201.00
16780.00
14870.00
15068.00
15612.00
16077.00
15422.00
15518.00
15921.00
15653.00
-1.22%-1.68%Net Income/Loss
$2071.38
2870.00
1679.00
2946.00
1899.00
2035.00
1687.00
2563.00
2521.00
2109.00
2694.00
3034.00
2957.00
714.00
819.00
3.01%14.71%Depreciation & Amortization
$336.50
323.00
299.00
262.00
244.00
246.00
256.00
272.00
267.00
273.00
277.00
276.00
282.00
68.00
72.00
-1.46%5.88%Increase/Decrease in Working Capital
$520.79
222.00
-120.00
175.00
118.00
226.00
-222.00
254.00
-60.00
-220.00
587.00
968.00
-120.00
106.00
231.00
117.92%Share-based Compensation
$56.37
54.00
37.00
39.00
41.00
39.00
36.00
40.00
41.00
42.00
53.00
63.00
69.00
17.00
15.00
1.70%-11.76%Adjustments to Reconcile Net Income
$-115.38
-798.00
849.00
-1330.00
400.00
267.00
715.00
248.00
474.00
698.00
-137.00
-686.00
582.00
14.00
-230.00
-1742.86%Net Cash (Operating)
$1956.01
2072.00
2528.00
1616.00
2299.00
2302.00
2402.00
2811.00
2995.00
2807.00
2557.00
2348.00
3539.00
728.00
589.00
5.07%-19.09%Capital Expenditure
$1622.57
-564.00
123.00
-3192.00
-53.00
707.00
284.00
337.00
185.00
225.00
1019.00
121.00
428.00
113.00
150.00
-10.51%32.74%Net Cash (Investing)
$-1579.13
1047.00
-456.00
2842.00
-210.00
-532.00
-251.00
-325.00
-183.00
-214.00
-984.00
-110.00
-403.00
-111.00
-152.00
-36.94%Increase/Decrease in Debt
$1147.53
1015.00
1264.00
1339.00
151.00
465.00
197.00
-851.00
422.00
-4.00
-141.00
276.00
294.00
571.00
252.00
-10.73%-55.87%Increase/Decrease in Equity
$-796.90
-1737.00
-1900.00
-4198.00
-1943.00
-1916.00
-916.00
-1978.00
-1415.00
-640.00
-950.00
-1721.00
-1447.00
-342.00
-334.00
2.34%Interest Expenses
$168.33
211.00
240.00
236.00
200.00
212.00
240.00
247.00
223.00
194.00
197.00
199.00
260.00
62.00
76.00
3.69%22.58%Dividends Paid
$680.28
865.00
528.00
711.00
742.00
821.00
941.00
1124.00
1321.00
1379.00
1463.00
1542.00
1615.00
400.00
419.00
7.47%4.75%Net Cash (Financing)
$-321.45
-1571.00
-1140.00
-3551.00
-2526.00
-2255.00
-1674.00
-3964.00
-2326.00
-2049.00
-2564.00
-3000.00
-2782.00
-185.00
-524.00
-183.24%Cash Taxes Paid
$978.26
1134.00
602.00
1502.00
775.00
920.00
1018.00
838.00
742.00
591.00
731.00
993.00
1026.00
128.00
152.00
0.40%18.75%Effect of Exchange Rate
$-63.92
53.00
-93.00
-535.00
-463.00
-133.00
145.00
-112.00
-9.00
39.00
-46.00
-57.00
3.00
3.00
-19.00
-733.33%Increase/Decrease in Cash
$-8.49
1601.00
839.00
372.00
-900.00
-618.00
622.00
-1590.00
477.00
583.00
-1037.00
-819.00
357.00
435.00
-106.00
-124.37%Cash (Beginning)
$1186.37
1178.00
2779.00
3618.00
3990.00
3090.00
2472.00
3094.00
1504.00
1981.00
2564.00
1527.00
708.00
708.00
1065.00
-4.21%50.42%Cash (Ending)
$1177.88
2779.00
3618.00
3990.00
3090.00
2472.00
3094.00
1504.00
1981.00
2564.00
1527.00
708.00
1065.00
1143.00
959.00
-0.84%-16.10%NOPAT
$1700.57
1950.94
1869.16
4495.18
2049.82
2094.65
2406.27
2699.09
2634.27
2252.10
2712.81
2810.44
2955.76
837.06
967.20
4.71%15.55%Gross Margin %
35.24%
36.09%
39.48%
40.12%
41.16%
41.94%
41.95%
41.74%
41.97%
41.35%
41.27%
40.82%
42.16%
41.75%
46.01%
Operating Margin %
15.35%
15.88%
17.79%
19.94%
21.39%
22.53%
24.41%
24.27%
24.11%
22.92%
24.05%
23.79%
25.08%
24.19%
28.37%
NOPAT Margin %
9.56%
10.88%
13.22%
31.04%
15.29%
15.40%
16.81%
18.28%
18.67%
17.91%
18.77%
17.64%
18.35%
20.83%
24.34%
Net Margin %
11.65%
16.01%
11.88%
20.34%
14.17%
14.96%
11.79%
17.36%
17.87%
16.77%
18.64%
19.04%
18.36%
17.77%
20.61%
Tax Rate %
37.73%
31.47%
25.65%
-55.65%
28.50%
31.64%
31.13%
24.69%
22.57%
21.86%
21.98%
25.85%
26.84%
13.88%
14.18%
ROA
9.46%
10.10%
9.36%
25.43%
13.03%
13.78%
14.34%
18.15%
17.48%
14.43%
16.87%
18.22%
19.05%
5.26%
6.18%
ROE
16.95%
18.46%
19.25%
65.87%
39.21%
49.18%
52.44%
82.84%
86.94%
70.78%
74.82%
90.98%
98.10%
26.99%
32.02%
ROIC
12.95%
13.70%
16.02%
39.36%
19.15%
19.81%
21.46%
24.39%
25.60%
22.02%
23.91%
25.85%
27.05%
7.81%
9.16%
Asset Turnover
0.99
0.93
0.71
0.82
0.85
0.89
0.85
0.99
0.94
0.81
0.90
1.03
1.04
0.25
0.25
Inventory Turnover
6.71
7.23
6.86
7.35
7.26
7.34
6.81
6.53
7.03
6.20
5.01
4.59
5.46
1.17
1.18
Equity Multiplier
1.79
1.83
2.06
2.59
3.01
3.57
3.66
4.56
4.97
4.91
4.43
4.99
5.15
5.13
5.18
Current Ratio
2.30
3.00
1.63
2.29
2.84
2.22
2.38
1.63
2.90
2.52
1.84
1.41
1.33
1.20
1.32
Quick Ratio
1.34
2.08
0.99
1.78
2.24
1.75
1.87
1.16
2.06
1.96
1.26
0.87
0.90
0.78
0.87
Debt/Equity Ratio
0.40
0.48
0.65
1.09
1.42
1.84
1.81
2.27
2.56
2.55
2.12
2.51
2.71
2.70
2.76
Interest Coverage Ratio
16.22
13.49
10.47
12.24
14.34
14.45
14.56
14.51
15.26
14.86
17.65
19.05
15.54
15.68
14.83
Working Capital/Sales
0.21
0.25
0.22
0.23
0.23
0.21
0.24
0.24
0.23
0.24
0.25
0.21
0.21
0.80
0.76
Dividend Payout Ratio %
40.00%
44.34%
28.25%
15.82%
36.20%
39.20%
39.11%
41.64%
50.15%
61.23%
53.93%
54.87%
54.64%
47.79%
43.32%
Total Payout
$497.98
1798.00
1404.00
3806.00
2734.00
2484.00
1900.00
4200.00
2537.00
2217.00
2751.00
3186.00
3028.00
233.00
577.00
16.23%147.64%Payout Ratio %
29.28%
92.16%
75.11%
84.67%
133.38%
118.59%
78.96%
155.61%
96.31%
98.44%
101.41%
113.36%
102.44%
27.84%
59.66%