← W.W. GRAINGER, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $605.9m $585.7m $782.0m $849.0m $695.0m $1.0b $1.5b $1.8b $1.9b $1.7b
Net Income (Loss) Available to Common Stockholders, Basic $600.5m $581.0m $776.0m — — — — — — —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $632.8m $622.4m $823.0m $895.0m $755.0m $1.1b $1.6b $1.9b $2.0b $1.8b
Net Income (Loss) Attributable to Noncontrolling Interest $26.9m $36.7m $41.0m $46.0m $60.0m $71.0m $66.0m $74.0m $80.0m $102.0m
Depreciation, Depletion and Amortization $222.6m $240.7m $257.0m $229.0m $182.0m $173.0m $206.0m $277.0m $311.0m $330.0m
Amortization of Intangible Assets $82.0m $89.0m $92.0m $78.0m $60.0m $63.0m $61.0m $64.0m $70.0m $81.0m
Depreciation $166.0m $170.0m $162.0m $150.0m $116.0m $123.0m $139.0m $146.0m $164.0m $171.0m
Deferred Income Tax Expense (Benefit) $12.3m $14.0m $13.0m $13.0m ($20.0m) $23.0m $4.0m ($15.0m) $18.0m $17.0m
Share-based Payment Arrangement, Noncash Expense $35.7m $32.7m $47.0m $40.0m $46.0m $42.0m $48.0m $62.0m $62.0m $64.0m
Payment, Tax Withholding, Share-based Payment Arrangement — $27.9m $12.0m — — $30.0m $23.0m $37.0m $50.0m $36.0m
Share-based Payment Arrangement, Expense $35.0m $31.0m $47.0m $40.0m $46.0m $42.0m $48.0m $62.0m $62.0m $64.0m
Goodwill and Intangible Asset Impairment $52.3m $28.2m $156.0m $123.0m $187.0m — — — — —
Goodwill, Impairment Loss $47.2m $7.2m $105.0m — $58.0m — — $0 $0 $0
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $18.5m $8.8m $25.0m $6.0m ($106.0m) — — — — —
Gain (Loss) on Disposition of Assets — — — — — $6.0m $14.0m ($17.0m) $0 ($196.0m)
Income (Loss) from Equity Method Investments ($31.2m) ($37.8m) ($19.0m) — — — — — — —
Income Tax Expense (Benefit) $386.2m $312.9m $258.0m $314.0m $192.0m $371.0m $533.0m $597.0m $595.0m $622.0m
Interest Expense Nonoperating — — — — — — — — — $81.0m
Operating Lease, Expense — — — — — $74.0m $93.0m $102.0m $103.0m $106.0m
Other Nonoperating Income (Expense) — $2.3m $24.0m $26.0m $21.0m $25.0m $24.0m $28.0m $24.0m $16.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $45.6m $103.1m $79.0m $42.0m $121.0m $324.0m $436.0m $98.0m $110.0m $190.0m
Increase (Decrease) in Inventories $4.4m $4.9m $129.0m $106.0m $158.0m $152.0m $412.0m $16.0m $77.0m $147.0m
Goodwill $527.1m $543.9m $424.0m $429.0m $391.0m $384.0m $371.0m $370.0m $355.0m $360.0m
Investment Income, Interest $717k $2.6m $6.0m — — — — — — —
Nonoperating Income (Expense) ($100.4m) ($113.3m) ($77.0m) ($53.0m) ($72.0m) ($62.0m) ($69.0m) ($65.0m) ($53.0m) ($65.0m)
Proceeds from Stock Options Exercised $34.1m $47.4m $181.0m $49.0m $70.0m $48.0m $26.0m $34.0m $30.0m $15.0m
Restructuring Costs — $116.2m $47.0m — — — — — — —
Stock or Unit Option Plan Expense — — — $8.0m — — — — — —
Net Cash Provided by (Used in) Operating Activities $1.0b $1.1b $1.1b $1.0b $1.1b $937.0m $1.3b $2.0b $2.1b $2.0b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $284.2m $237.3m $239.0m $221.0m $197.0m $255.0m $256.0m $445.0m $541.0m $684.0m
Payments to Acquire Businesses, Net of Cash Acquired $159k $0 — — — — — — — —
Payments for (Proceeds from) Other Investing Activities ($1.2m) ($5.7m) $0 $0 $2.0m $0 $35.0m ($2.0m) ($18.0m) ($6.0m)
Net Cash Provided by (Used in) Investing Activities ($262.3m) ($146.1m) ($166.0m) ($202.0m) ($179.0m) ($226.0m) ($263.0m) ($422.0m) ($520.0m) ($645.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $516.0m $401.8m $0 $0 $1.6b $0 $0 $7.0m $503.0m $91.0m
Repayments of Long-term Debt $262.2m $39.3m $96.0m $42.0m $1.4b $8.0m $0 $37.0m $39.0m $506.0m
Payments for Repurchase of Common Stock $789.8m $605.4m $425.0m $700.0m $601.0m $695.0m $603.0m $850.0m $1.2b $1.0b
Payments of Ordinary Dividends, Common Stock $303.0m $304.5m $316.0m $328.0m $338.0m $357.0m $370.0m $392.0m $421.0m $467.0m
Proceeds from (Payments for) Other Financing Activities — — $3.0m $4.0m $0 $3.0m ($3.0m) ($3.0m) ($2.0m) ($2.0m)
Net Cash Provided by (Used in) Financing Activities ($754.5m) ($867.1m) ($670.0m) ($1.0b) ($726.0m) ($1.0b) ($972.0m) ($1.3b) ($1.2b) ($1.8b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($2.2m) $9.4m ($10.0m) $5.0m $7.0m ($16.0m) ($14.0m) $4.0m ($35.0m) $4.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($2.2m) $9.4m ($10.0m) $5.0m $225.0m ($344.0m) $84.0m $335.0m $376.0m ($451.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $585.0m $241.0m $325.0m $660.0m $1.0b $585.0m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $63.1m $78.0m $86.0m $84.0m $94.0m $87.0m $91.0m $109.0m $111.0m $106.0m
Income Taxes Paid, Net $359.5m $334.6m $229.0m $322.0m $180.0m — — — — $610.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.