Illinois Tool Works
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Illinois Tool Works's past years’ income statements indicate that its last revenue has increased compared to the previous period by 1% to $16,107,000,000. Profit margin reached 18%. Total operating expenses were $2,751,000,000.
Profit Margin
| 2014 | 14.48B | 2.94B | 20.34% |
|---|---|---|---|
| 2015 | 13.40B | 1.89B | 14.17% |
| 2016 | 13.59B | 2.03B | 14.96% |
| 2017 | 14.31B | 1.68B | 11.79% |
| 2018 | 14.76B | 2.56B | 17.36% |
| 2019 | 14.10B | 2.52B | 17.87% |
| 2020 | 12.57B | 2.10B | 16.77% |
| 2021 | 14.45B | 2.69B | 18.64% |
| 2022 | 15.93B | 3.03B | 19.04% |
| 2023 | 16.10B | 2.95B | 18.36% |
ITW Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 16.10B | 15.93B | 14.45B | 12.57B | 14.10B | 14.76B | 14.31B | 13.59B | 13.40B | 14.48B |
Cost of revenue | 9.31B | 9.42B | 8.48B | 7.37B | 8.18B | 8.60B | 8.30B | 7.89B | 7.88B | 8.67B |
Gross profit | 6.79B | 6.50B | 5.96B | 5.19B | 5.92B | 6.16B | 6.00B | 5.70B | 5.51B | 5.81B |
Operating exp. | ||||||||||
Research and development | 284M | 2.57B | 2.35B | 2.16B | 2.36B | 2.39B | 2.4B | 2.41B | 2.41B | 2.67B |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 2.75B | 2.71B | 2.48B | 2.31B | 2.52B | 2.58B | 2.60B | 2.63B | 2.64B | 2.92B |
Operating income | 4.04B | 3.79B | 3.47B | 2.88B | 3.40B | 3.58B | 3.49B | 3.06B | 2.86B | 2.88B |
Other income (expenses), net | -217M | 52M | -151M | -178M | -114M | 67M | -215M | 81M | -148M | -189M |
Income before tax | 3.82B | 3.84B | 3.32B | 2.70B | 3.28B | 3.39B | 3.27B | 2.90B | 2.71B | 2.69B |
Income tax expense | 866M | 808M | 632M | 595M | 767M | 831M | 1.58B | 873M | 820M | 809M |
Net income | 2.95B | 3.03B | 2.69B | 2.10B | 2.52B | 2.56B | 1.68B | 2.03B | 1.89B | 2.94B |
Earnings per share | ||||||||||
Basic EPS | 9.77 | 9.8 | 8.55 | 6.66 | 7.78 | 7.65 | 4.9 | 5.73 | 5.16 | 7.33 |
Diluted EPS | 9.74 | 9.77 | 8.51 | 6.63 | 7.74 | 7.6 | 4.86 | 5.7 | 5.13 | 7.28 |
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