← ILLINOIS TOOL WORKS 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), Including Portion Attributable to Noncontrolling Interest | $2.0b | $1.7b | $2.6b | $2.5b | $2.1b | $2.7b | $3.0b | $3.0b | $3.5b | $3.1b | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $2.0b | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | |
| Depreciation | $246.0m | $256.0m | $272.0m | $267.0m | $273.0m | $277.0m | $276.0m | $282.0m | $301.0m | $317.0m | |
| Share-based Payment Arrangement, Noncash Expense | $39.0m | $36.0m | $40.0m | $41.0m | $42.0m | $53.0m | $63.0m | $69.0m | $61.0m | $69.0m | |
| Share-based Payment Arrangement, Expense | $39.0m | $36.0m | $40.0m | $41.0m | $42.0m | $53.0m | $63.0m | $69.0m | $61.0m | $69.0m | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | — | — | — | — | — | — | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | — | — | $363.0m | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($1.0m) | $1.0m | $7.0m | $9.0m | ($2.0m) | $0 | $1.0m | $1.0m | $0 | ($3.0m) | |
| Income (Loss) from Equity Method Investments | $61.0m | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income Tax Expense (Benefit) | $873.0m | $1.6b | $831.0m | $767.0m | $595.0m | $632.0m | $808.0m | $866.0m | $934.0m | $900.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $283.0m | $292.0m | |
| Other Nonoperating Income (Expense) | ($2.0m) | ($1.0m) | $6.0m | $5.0m | ($5.0m) | ($4.0m) | ($1.0m) | $1.0m | ($1.0m) | ($5.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($9.0m) | $81.0m | $108.0m | ($98.0m) | ($43.0m) | $450.0m | $455.0m | ($360.0m) | ($176.0m) | ($34.0m) | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | ($12.0m) | $1.0m | ($2.0m) | $44.0m | $0 | $0 | $191.0m | $1.0m | $0 | $0 | |
| Foreign Currency Transaction Gain (Loss), before Tax | $9.0m | ($25.0m) | ($1.0m) | ($10.0m) | ($5.0m) | ($9.0m) | ($7.0m) | ($39.0m) | $7.0m | ($35.0m) | |
| Gain (Loss) on Investments | ($13.0m) | $16.0m | $9.0m | $15.0m | $8.0m | $29.0m | $9.0m | $2.0m | $0 | $0 | |
| Gain (Loss) Related to Litigation Settlement | — | $95.0m | $0 | $0 | — | — | — | — | — | — | |
| Goodwill | $4.6b | $4.8b | $4.6b | $4.5b | $4.7b | $5.0b | $4.9b | $4.9b | $4.8b | $5.1b | |
| Investment Income, Interest | $38.0m | $45.0m | $35.0m | $29.0m | $17.0m | $12.0m | $22.0m | $51.0m | $44.0m | $40.0m | |
| Nonoperating Income (Expense) | $81.0m | $36.0m | $67.0m | $107.0m | $28.0m | $51.0m | $255.0m | $49.0m | $441.0m | $42.0m | |
| Proceeds from Stock Options Exercised | — | $84.0m | $22.0m | $85.0m | $66.0m | $50.0m | $29.0m | $53.0m | $52.0m | $65.0m | |
| Net Cash Provided by (Used in) Operating Activities | $2.3b | $2.4b | $2.8b | $3.0b | $2.8b | $2.6b | $2.3b | $3.5b | $3.3b | $3.1b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $273.0m | $297.0m | $364.0m | $326.0m | $236.0m | $296.0m | $412.0m | $455.0m | $437.0m | $419.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $453.0m | $3.0m | $0 | $4.0m | $0 | $731.0m | $2.0m | $0 | $115.0m | $119.0m | |
| Payments for (Proceeds from) Other Investing Activities | $13.0m | $10.0m | $4.0m | $18.0m | $3.0m | $3.0m | $1.0m | $2.0m | $10.0m | $2.0m | |
| Net Cash Provided by (Used in) Investing Activities | ($532.0m) | ($251.0m) | ($325.0m) | ($183.0m) | ($214.0m) | ($984.0m) | ($110.0m) | ($403.0m) | ($144.0m) | ($521.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Common Stock | $84.0m | $84.0m | $22.0m | $85.0m | $66.0m | $50.0m | $29.0m | $53.0m | $52.0m | $65.0m | |
| Payments for Repurchase of Common Stock | $2.0b | $1.0b | $2.0b | $1.5b | $706.0m | $1.0b | $1.8b | $1.5b | $1.5b | $1.5b | |
| Payments of Ordinary Dividends, Common Stock | $821.0m | $941.0m | $1.1b | $1.3b | $1.4b | $1.5b | $1.5b | $1.6b | $1.7b | $1.8b | |
| Dividends Payable, Current | — | — | — | — | — | — | — | — | $441.0m | $465.0m | |
| Proceeds from (Payments for) Other Financing Activities | ($12.0m) | ($14.0m) | ($11.0m) | ($12.0m) | ($26.0m) | ($10.0m) | ($13.0m) | ($14.0m) | ($38.0m) | ($32.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($2.3b) | ($1.7b) | ($4.0b) | ($2.3b) | ($2.0b) | ($2.6b) | ($3.0b) | ($2.8b) | ($3.2b) | ($2.7b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($9.0m) | $39.0m | ($46.0m) | ($57.0m) | $3.0m | ($65.0m) | $42.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $477.0m | $583.0m | ($1.0b) | ($819.0m) | $357.0m | ($117.0m) | ($97.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $2.0b | $2.6b | $1.5b | $708.0m | $1.1b | $948.0m | $851.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $212.0m | $240.0m | $247.0m | $223.0m | $194.0m | $197.0m | $199.0m | $260.0m | $248.0m | $279.0m | |
| Income Taxes Paid, Net | $920.0m | $1.0b | $838.0m | $742.0m | $591.0m | $731.0m | $993.0m | $1.0b | $1.2b | $1.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.