Illinois Tool Works Inc
NYSE:ITW
Income Statement
Earnings Waterfall
Illinois Tool Works Inc
Revenue
|
16.1B
USD
|
Cost of Revenue
|
-9.3B
USD
|
Gross Profit
|
6.8B
USD
|
Operating Expenses
|
-2.8B
USD
|
Operating Income
|
4B
USD
|
Other Expenses
|
-1.1B
USD
|
Net Income
|
3B
USD
|
Income Statement
Illinois Tool Works Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
14 135
N/A
|
14 284
+1%
|
14 410
+1%
|
14 534
+1%
|
14 484
0%
|
14 257
-2%
|
13 972
-2%
|
13 634
-2%
|
13 405
-2%
|
13 337
-1%
|
13 334
0%
|
13 475
+1%
|
13 599
+1%
|
13 796
+1%
|
13 964
+1%
|
14 084
+1%
|
14 314
+2%
|
14 587
+2%
|
14 819
+2%
|
14 817
0%
|
14 768
0%
|
14 576
-1%
|
14 354
-2%
|
14 220
-1%
|
14 109
-1%
|
13 785
-2%
|
12 740
-8%
|
12 568
-1%
|
12 574
+0%
|
12 890
+3%
|
14 002
+9%
|
14 251
+2%
|
14 455
+1%
|
14 850
+3%
|
15 185
+2%
|
15 640
+3%
|
15 932
+2%
|
16 012
+1%
|
16 075
+0%
|
16 095
+0%
|
16 107
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(8 554)
|
(8 634)
|
(8 698)
|
(8 732)
|
(8 673)
|
(8 485)
|
(8 290)
|
(8 061)
|
(7 888)
|
(7 814)
|
(7 757)
|
(7 831)
|
(7 908)
|
(8 004)
|
(8 124)
|
(8 189)
|
(8 306)
|
(8 484)
|
(8 628)
|
(8 632)
|
(8 604)
|
(8 482)
|
(8 350)
|
(8 261)
|
(8 187)
|
(7 999)
|
(7 494)
|
(7 397)
|
(7 375)
|
(7 543)
|
(8 112)
|
(8 298)
|
(8 489)
|
(8 807)
|
(9 036)
|
(9 311)
|
(9 429)
|
(9 413)
|
(9 365)
|
(9 313)
|
(9 316)
|
|
Gross Profit |
5 581
N/A
|
5 650
+1%
|
5 712
+1%
|
5 802
+2%
|
5 811
+0%
|
5 772
-1%
|
5 682
-2%
|
5 573
-2%
|
5 517
-1%
|
5 523
+0%
|
5 577
+1%
|
5 644
+1%
|
5 691
+1%
|
5 792
+2%
|
5 840
+1%
|
5 895
+1%
|
6 008
+2%
|
6 103
+2%
|
6 191
+1%
|
6 185
0%
|
6 164
0%
|
6 094
-1%
|
6 004
-1%
|
5 959
-1%
|
5 922
-1%
|
5 786
-2%
|
5 246
-9%
|
5 171
-1%
|
5 199
+1%
|
5 347
+3%
|
5 890
+10%
|
5 953
+1%
|
5 966
+0%
|
6 043
+1%
|
6 149
+2%
|
6 329
+3%
|
6 503
+3%
|
6 599
+1%
|
6 710
+2%
|
6 782
+1%
|
6 791
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(3 065)
|
(3 045)
|
(2 981)
|
(2 969)
|
(2 920)
|
(2 860)
|
(2 803)
|
(2 697)
|
(2 648)
|
(2 631)
|
(2 623)
|
(2 643)
|
(2 635)
|
(2 641)
|
(2 624)
|
(2 607)
|
(2 618)
|
(2 522)
|
(2 630)
|
(2 615)
|
(2 580)
|
(2 574)
|
(2 545)
|
(2 521)
|
(2 520)
|
(2 462)
|
(2 344)
|
(2 348)
|
(2 317)
|
(2 321)
|
(2 420)
|
(2 427)
|
(2 489)
|
(2 576)
|
(2 649)
|
(2 691)
|
(2 713)
|
(2 732)
|
(2 759)
|
(2 744)
|
(2 751)
|
|
Selling, General & Administrative |
(2 815)
|
(2 794)
|
(2 724)
|
(2 723)
|
(2 678)
|
(2 612)
|
(2 557)
|
(2 463)
|
(2 417)
|
(2 398)
|
(2 393)
|
(2 416)
|
(2 411)
|
(2 423)
|
(2 409)
|
(2 397)
|
(2 412)
|
(2 416)
|
(2 433)
|
(2 422)
|
(2 391)
|
(2 390)
|
(2 368)
|
(2 353)
|
(2 361)
|
(2 310)
|
(2 198)
|
(2 192)
|
(2 163)
|
(2 169)
|
(2 271)
|
(2 292)
|
(2 356)
|
(2 442)
|
(2 513)
|
(2 556)
|
(2 579)
|
(2 602)
|
(2 633)
|
(2 624)
|
(2 638)
|
|
Depreciation & Amortization |
(250)
|
(251)
|
(250)
|
(246)
|
(242)
|
(239)
|
(237)
|
(234)
|
(231)
|
(231)
|
(228)
|
(227)
|
(224)
|
(218)
|
(215)
|
(210)
|
(206)
|
(201)
|
(197)
|
(193)
|
(189)
|
(184)
|
(177)
|
(168)
|
(159)
|
(152)
|
(146)
|
(156)
|
(154)
|
(152)
|
(149)
|
(135)
|
(133)
|
(134)
|
(136)
|
(135)
|
(134)
|
(130)
|
(126)
|
(120)
|
(113)
|
|
Other Operating Expenses |
0
|
0
|
(7)
|
0
|
0
|
(9)
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
95
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
2 516
N/A
|
2 605
+4%
|
2 731
+5%
|
2 833
+4%
|
2 891
+2%
|
2 912
+1%
|
2 879
-1%
|
2 876
0%
|
2 869
0%
|
2 892
+1%
|
2 954
+2%
|
3 001
+2%
|
3 056
+2%
|
3 151
+3%
|
3 216
+2%
|
3 288
+2%
|
3 390
+3%
|
3 581
+6%
|
3 561
-1%
|
3 570
+0%
|
3 584
+0%
|
3 520
-2%
|
3 459
-2%
|
3 438
-1%
|
3 402
-1%
|
3 324
-2%
|
2 902
-13%
|
2 823
-3%
|
2 882
+2%
|
3 026
+5%
|
3 470
+15%
|
3 526
+2%
|
3 477
-1%
|
3 467
0%
|
3 500
+1%
|
3 638
+4%
|
3 790
+4%
|
3 867
+2%
|
3 951
+2%
|
4 038
+2%
|
4 040
+0%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(244)
|
(248)
|
(253)
|
(261)
|
(178)
|
(232)
|
(223)
|
(214)
|
(169)
|
(230)
|
(233)
|
(232)
|
(142)
|
(243)
|
(250)
|
(257)
|
(224)
|
(262)
|
(261)
|
(260)
|
(214)
|
(254)
|
(245)
|
(233)
|
(187)
|
(209)
|
(205)
|
(205)
|
(186)
|
(207)
|
(208)
|
(205)
|
(170)
|
(198)
|
(193)
|
(196)
|
(179)
|
(215)
|
(237)
|
(252)
|
(252)
|
|
Non-Reccuring Items |
(7)
|
(7)
|
0
|
(8)
|
(9)
|
0
|
0
|
(8)
|
14
|
0
|
0
|
0
|
(12)
|
0
|
15
|
95
|
96
|
0
|
80
|
0
|
(2)
|
0
|
0
|
0
|
44
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
191
|
0
|
0
|
0
|
1
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
82
|
44
|
41
|
51
|
(5)
|
71
|
85
|
88
|
5
|
61
|
57
|
47
|
6
|
81
|
76
|
74
|
8
|
51
|
65
|
64
|
26
|
69
|
52
|
68
|
29
|
118
|
117
|
93
|
8
|
15
|
29
|
37
|
19
|
53
|
55
|
71
|
40
|
251
|
247
|
231
|
34
|
|
Pre-Tax Income |
2 347
N/A
|
2 394
+2%
|
2 519
+5%
|
2 615
+4%
|
2 699
+3%
|
2 751
+2%
|
2 741
0%
|
2 742
+0%
|
2 719
-1%
|
2 723
+0%
|
2 778
+2%
|
2 816
+1%
|
2 908
+3%
|
2 989
+3%
|
3 057
+2%
|
3 200
+5%
|
3 270
+2%
|
3 370
+3%
|
3 445
+2%
|
3 374
-2%
|
3 394
+1%
|
3 335
-2%
|
3 266
-2%
|
3 273
+0%
|
3 288
+0%
|
3 233
-2%
|
2 814
-13%
|
2 711
-4%
|
2 704
0%
|
2 834
+5%
|
3 291
+16%
|
3 358
+2%
|
3 326
-1%
|
3 322
0%
|
3 362
+1%
|
3 513
+4%
|
3 842
+9%
|
3 903
+2%
|
3 961
+1%
|
4 017
+1%
|
3 823
-5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(717)
|
(737)
|
(784)
|
(779)
|
(809)
|
(831)
|
(835)
|
(832)
|
(820)
|
(814)
|
(824)
|
(838)
|
(873)
|
(886)
|
(892)
|
(930)
|
(925)
|
(909)
|
(905)
|
(836)
|
(831)
|
(827)
|
(801)
|
(786)
|
(767)
|
(743)
|
(628)
|
(603)
|
(595)
|
(620)
|
(621)
|
(631)
|
(632)
|
(637)
|
(714)
|
(777)
|
(808)
|
(817)
|
(859)
|
(870)
|
(866)
|
|
Income from Continuing Operations |
1 630
|
1 657
|
1 735
|
1 836
|
1 890
|
1 920
|
1 906
|
1 910
|
1 899
|
1 909
|
1 954
|
1 978
|
2 035
|
2 103
|
2 165
|
2 270
|
2 345
|
2 461
|
2 540
|
2 538
|
2 563
|
2 508
|
2 465
|
2 487
|
2 521
|
2 490
|
2 186
|
2 108
|
2 109
|
2 214
|
2 670
|
2 727
|
2 694
|
2 685
|
2 648
|
2 736
|
3 034
|
3 086
|
3 102
|
3 147
|
2 957
|
|
Net Income (Common) |
1 679
N/A
|
1 798
+7%
|
2 825
+57%
|
2 904
+3%
|
2 946
+1%
|
2 931
-1%
|
1 919
-35%
|
1 899
-1%
|
1 899
N/A
|
1 909
+1%
|
1 954
+2%
|
1 978
+1%
|
2 035
+3%
|
2 103
+3%
|
2 165
+3%
|
2 270
+5%
|
1 687
-26%
|
1 803
+7%
|
1 882
+4%
|
1 880
0%
|
2 563
+36%
|
2 508
-2%
|
2 465
-2%
|
2 487
+1%
|
2 521
+1%
|
2 490
-1%
|
2 186
-12%
|
2 108
-4%
|
2 109
+0%
|
2 214
+5%
|
2 670
+21%
|
2 727
+2%
|
2 694
-1%
|
2 685
0%
|
2 648
-1%
|
2 736
+3%
|
3 034
+11%
|
3 086
+2%
|
3 102
+1%
|
3 147
+1%
|
2 957
-6%
|
|
EPS (Diluted) |
3.8
N/A
|
4.23
+11%
|
6.93
+64%
|
7.31
+5%
|
7.27
-1%
|
7.72
+6%
|
5.2
-33%
|
5.17
-1%
|
5.13
-1%
|
5.24
+2%
|
5.45
+4%
|
5.56
+2%
|
5.7
+3%
|
6.02
+6%
|
6.22
+3%
|
6.56
+5%
|
4.86
-26%
|
5.25
+8%
|
5.55
+6%
|
5.6
+1%
|
7.6
+36%
|
7.6
N/A
|
7.54
-1%
|
7.67
+2%
|
7.74
+1%
|
7.78
+1%
|
6.88
-12%
|
6.63
-4%
|
6.63
N/A
|
6.97
+5%
|
8.41
+21%
|
8.63
+3%
|
8.51
-1%
|
8.55
+0%
|
8.5
-1%
|
8.83
+4%
|
9.77
+11%
|
10.08
+3%
|
10.19
+1%
|
10.38
+2%
|
9.74
-6%
|