SHERWIN WILLIAMS CO

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 From Continuing Operations $2.0b $2.4b $2.7b $2.6b
Net Income (Loss) Attributable to Parent $1.1b $1.8b $1.1b $1.5b $2.0b $1.9b $2.0b $2.4b $2.7b $2.6b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $1.1b $1.5b
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $1.8b $1.1b $1.5b
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 $0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($41.5m)
Amortization $318.0m $312.8m $313.4m $309.5m $317.1m $330.2m $326.6m $336.6m
Amortization Cash Flow $317.1m $330.2m $326.6m $336.6m
Amortization Of Intangibles $317.1m $330.2m $326.6m $336.6m
Amortization Of Securities $38.5m $65.4m $75.0m $104.0m
Amortization of Debt Issuance Costs $63.8m $8.3m $12.1m $9.2m $7.2m $6.4m $7.6m $0 ($8.6m) ($13.5m)
Amortization of Intangible Assets $25.6m $206.8m $318.1m $312.8m $313.4m $309.5m $317.1m $330.2m $326.6m $336.6m
Amortization of non-traded investments $84.8m $53.6m $38.5m $65.4m $75.0m $104.0m
Depreciation $172.1m $285.0m $278.2m $262.1m $268.0m $263.1m $264.0m $292.3m $297.4m $340.3m
Depreciation Amortization Depletion $581.1m $622.5m $624.0m $676.9m
Deferred Income Tax ($144.8m) ($88.9m) ($74.9m) $153.2m
Deferred Income Tax Expense (Benefit) ($68.2m) ($606.1m) ($143.4m) ($131.1m) ($145.3m) ($80.3m) ($144.8m) ($88.9m) ($74.9m) $153.2m
Deferred Tax ($144.8m) ($88.9m) ($74.9m) $153.2m
Deferred income taxes ($68.2m) ($606.1m) ($143.4m) ($131.1m) ($145.3m) ($80.3m) ($144.8m) ($88.9m) ($74.9m) $153.2m
Asset Impairment Charge $15.5m $57.9m $0 $17.8m
Goodwill and Intangible Asset Impairment $10.7m $2.0m
Goodwill, Impairment Loss $10.5m
Impairment $0 $15.5m $57.9m $0 $17.8m
Impairment of Intangible Assets (Excluding Goodwill) $122.1m $2.3m $0 $15.5m
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $15.5m
Share-based Payment Arrangement, Expense $99.7m $115.9m $138.1m $123.5m
Share-based Payment Arrangement, Noncash Expense $72.1m $90.3m $82.6m $101.7m $95.9m $97.7m $99.7m $115.9m $138.1m $123.5m
(Gain) loss on sale or disposition of assets ($30.6m) $5.4m $12.8m $16.1m ($9.4m) ($6.1m) ($10.7m) $900k ($49.9m) ($20.8m)
Change in operating lease liabilities ($368.4m) ($371.4m) ($401.4m) ($405.3m) ($453.4m) ($460.7m) ($503.7m)
Gain (Loss) on Disposition of Business ($30.6m) $5.4m $12.8m $16.1m ($9.4m) ($111.9m) $0 $20.1m $0 $0
Gain (Loss) on Disposition of Property Plant Equipment $30.6m ($5.4m) ($12.8m) ($16.1m) $9.4m $6.1m $10.7m ($900k) $49.9m $20.8m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $30.6m ($5.4m) ($12.8m) ($16.1m) $9.4m $6.1m $17.8m ($900k) $49.9m $34.0m
Gain (Loss) on Extinguishment of Debt ($14.8m) ($21.3m) $1.4m $0 ($12.8m) $0 $0
Gain on divestiture of business $0 $0 $111.9m $0 ($20.1m) $0 $0
Income Tax Expense (Benefit) $462.5m ($285.6m) $250.9m $440.5m $488.8m $384.2m $553.0m $721.1m $770.4m $769.7m
Interest Expense Nonoperating $415.7m $465.0m
Loss on extinguishment of debt $14.8m $21.3m ($1.4m) $0 $12.8m $0 $0
Other Nonoperating Income (Expense) $4.6m $17.0m ($20.1m) ($16.7m) ($5.3m) $19.5m ($47.0m) ($65.5m) $44.7m ($20.9m)
Changes in operating assets and liabilities:
Additional Financial Items
(Decrease) increase in accounts payable ($118.9m) $166.7m $113.8m $36.2m $227.2m $346.1m $46.6m ($241.1m) $21.8m ($37.8m)
(Decrease) increase in accrued compensation and taxes withheld $60.6m $11.3m $4.6m $49.6m $197.7m ($10.9m) $65.8m $75.7m ($7.9m) ($25.9m)
(Increase) decrease in refundable income taxes ($1.3m) ($15.5m) $20.1m ($47.8m) $40.6m ($38.5m) $47.6m $25.8m $800k ($16.1m)
Accounts Receivable, Credit Loss Expense (Reversal) $56.8m $33.8m $65.3m $67.9m $69.5m $49.3m
Beginning Cash Position $165.7m $198.8m $276.8m $210.4m
Cash Flow From Continuing Financing Activities ($282.4m) ($2.4b) ($2.0b) ($1.4b)
Cash Flow From Continuing Investing Activities ($1.6b) ($1.0b) ($1.2b) ($2.1b)
Change In Account Payable $46.6m ($241.1m) $21.8m ($37.8m)
Change In Income Tax Payable ($38.1m) ($8.9m) ($14.3m) ($22.5m)
Change In Inventory ($666.7m) $323.4m ($32.9m) $132.5m
Change In Other Current Liabilities ($405.3m) ($453.4m) ($460.7m) ($503.7m)
Change In Other Working Capital $65.8m $75.7m ($7.9m) ($25.9m)
Change In Payable $8.5m ($250.0m) $7.5m ($60.3m)
Change In Payables And Accrued Expense $8.5m ($250.0m) $7.5m ($60.3m)
Change In Receivables ($152.6m) $111.4m ($9.9m) ($178.9m)
Change In Tax Payable ($38.1m) ($8.9m) ($14.3m) ($22.5m)
Change In Working Capital ($1.2b) ($192.9m) ($503.9m) ($636.3m)
Changes In Account Receivables ($200.2m) $85.6m ($10.7m) ($162.8m)
Changes In Cash $29.9m $58.0m ($60.2m) $6.7m
Costs incurred for environmental-related matters ($15.2m) ($13.8m) ($17.7m) ($26.1m) ($39.0m) ($41.3m) ($23.8m) ($35.3m) ($24.1m) ($35.1m)
Costs incurred for restructuring ($6.3m) ($45.4m) ($21.3m) ($12.8m) ($57.0m) $0 ($71.3m)
Decrease (increase) in inventories ($52.6m) ($90.0m) ($119.5m) ($75.5m) $84.4m ($228.1m) ($666.7m) $323.4m ($32.9m) $132.5m
Decrease in accrued taxes ($2.2m) ($20.9m) $2.7m $5.1m $99.2m ($32.7m) ($38.1m) ($8.9m) ($14.3m) ($22.5m)
End Cash Position $198.8m $276.8m $210.4m $207.2m
Environmental Remediation Expense $42.9m $15.4m $176.3m $23.0m $37.1m ($4.0m) ($7.1m)
Financing Cash Flow ($282.4m) ($2.4b) ($2.0b) ($1.4b)
Foreign Currency Transaction Gain (Loss), before Tax ($7.3m) ($450k) ($7.5m) ($19.7m) ($7.2m) ($12.0m) ($33.6m) ($80.5m) ($3.9m) ($45.4m)
Free Cash Flow $1.3b $2.6b $2.1b $2.7b
Gain (Loss) Related to Litigation Settlement ($136.3m) $34.7m $0
Gain Loss On Sale Of Business $0 ($20.1m) $0 $0
General and Administrative Expense $415.0m $503.0m $884.0m $512.4m $514.2m $500.4m $433.3m $634.3m
Goodwill $1.1b $6.8b $7.0b $7.0b $7.0b $7.1b $7.6b $7.6b $7.6b $8.0b
Increase (Decrease) in Accounts Payable ($118.9m) $166.7m $113.8m $36.2m $227.2m $346.1m $46.6m ($241.1m) $21.8m ($37.8m)
Increase (Decrease) in Accounts Receivable $113.9m $49.9m ($18.4m) $73.2m ($10.3m) $287.8m $200.2m ($85.6m) $10.7m $162.8m
Increase (Decrease) in Inventories $52.6m $90.0m $119.5m $75.5m ($84.4m) $228.1m $666.7m ($323.4m) $32.9m ($132.5m)
Investing Cash Flow ($1.6b) ($1.0b) ($1.2b) ($2.1b)
Investment Income, Interest $8.0m $25.2m
Issuance Of Capital Stock $11.7m $22.0m $0 $0
Net Business Purchase And Sale ($1.0b) ($161.0m) ($78.9m) ($1.2b)
Net financing cash ($307.4m) $6.5b ($1.7b) ($1.8b) ($3.0b) ($1.8b) ($282.4m) ($2.4b) ($2.0b) ($1.4b)
Net increase (decrease) in short-term borrowings ($899k) $356.3m ($300.9m) ($122.8m) $204.6m $763.9m $214.4m ($603.9m) $288.6m $537.4m
Net investing cash ($303.8m) ($9.0b) ($251.6m) ($462.6m) ($322.4m) ($476.4m) ($1.6b) ($1.0b) ($1.2b) ($2.1b)
Non-cash lease expense $370.8m $381.3m $400.7m $416.9m $452.7m $460.5m $508.6m
Nonoperating Income (Expense) $4.6m $17.0m ($20.1m) ($16.7m)
Operating Gains Losses ($12.3m) ($6.4m) ($49.9m) ($20.8m)
Other ($15.5m) ($39.8m) $32.3m ($129.2m) ($30.6m) ($23.4m) ($23.8m) ($46.7m) ($69.8m) ($86.8m)
Other Non Cash Items $432.2m $463.6m $264.7m $338.5m
Pension And Employee Benefit Expense ($3.9m) ($1.6m) ($15.8m) ($17.0m)
Pension Cost (Reversal of Cost) $14.9m $18.2m $36.4m $43.1m $7.6m $6.8m $5.1m
Proceeds From Stock Option Exercised $67.3m $111.6m $242.0m $140.6m
Proceeds from Stock Options Exercised $86.8m $143.6m $90.7m $154.6m $182.7m $192.8m $67.3m $111.6m $242.0m $140.6m
Proceeds from real estate financing transactions $225.3m $7.2m $0 $0 $207.3m $306.5m $244.2m $40.7m
Proceeds from sale of assets $38.4m $47.2m $38.4m $6.9m $60.7m $14.8m $33.2m $70.1m $11.6m $10.7m
Provisionand Write Offof Assets $40.2m $96.0m ($1.3m) $126.3m
Provisions for environmental-related matters - net ($4.0m) ($7.1m) $80.7m ($1.3m) $15.3m
Provisions for restructuring $0 $0 $47.3m $15.3m $0 $111.0m
Purchase Of Business ($1.0b) ($264.7m) ($78.9m) ($1.2b)
Repurchase Of Capital Stock ($883.2m) ($1.4b) ($1.7b) ($1.7b)
Restructuring Costs $47.3m $15.3m $0 $111.0m
Sale Of Business $0 $103.7m $0 $0
Stock Based Compensation $99.7m $115.9m $138.1m $123.5m
Stock-based compensation expense $72.1m $90.3m $82.6m $101.7m $95.9m $97.7m $99.7m $115.9m $138.1m $123.5m
Treasury stock purchased $0 ($613.3m) ($778.8m) ($2.4b) ($2.8b) ($883.2m) ($1.4b) ($1.7b) ($1.7b)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $3.2m $6.2m
Other Operating Income (Expense), Net ($101.8m) $24.9m ($67.1m) $38.8m $10.2m
Net Cash Provided by (Used in) Operating Activities $1.3b $1.9b $1.9b $2.3b $3.4b $2.2b $1.9b $3.5b $3.2b $3.5b
Cash flows from investing activities:
Capital Expenditure ($644.5m) ($888.4m) ($1.1b) ($797.6m)
Capital Expenditure Reported $239.0m $222.8m $251.0m $328.9m $303.8m $372.0m ($644.5m) ($888.4m) ($1.1b) ($797.6m)
Capital expenditures ($239.0m) ($222.8m) ($251.0m) ($328.9m) ($303.8m) ($372.0m) ($644.5m) ($888.4m) ($1.1b) ($797.6m)
Acquisitions of businesses, net of cash acquired ($8.8b) ($77.3m) $0 ($210.9m) ($1.0b) ($264.7m) ($78.9m) ($1.2b)
Payments to Acquire Businesses, Net of Cash Acquired $8.8b $77.3m $0 $210.9m $1.0b $264.7m $78.9m $1.2b
Proceeds from divestiture of business $0 $0 $122.5m $0 $103.7m $0 $0
Net Other Investing Changes $40.0m $10.1m ($47.4m) ($57.4m)
Payments for (Proceeds from) Other Investing Activities $103.2m $61.5m $39.0m $63.3m $79.3m $30.8m ($6.8m) $60.0m $59.0m $68.1m
Net Cash Provided by (Used in) Investing Activities ($303.8m) ($9.0b) ($251.6m) ($462.6m) ($322.4m) ($476.4m) ($1.6b) ($1.0b) ($1.2b) ($2.1b)
Cash flows from financing activities:
Issuance Of Debt $1.4b $306.5m $1.4b $2.1b
Long Term Debt Issuance $1.2b $306.5m $1.1b $1.5b
Net Issuance Payments Of Debt $1.2b ($433.8m) $272.9m $1.0b
Net Long Term Debt Issuance $946.7m $170.1m ($7.1m) $489.9m
Net Short Term Debt Issuance $207.1m ($603.9m) $280.0m $523.9m
Payments for credit facility and debt issuance costs ($65.1m) ($49.4m) ($5.2m) ($13.6m) ($10.0m) ($11.5m) ($7.3m) $0 ($8.6m) ($13.5m)
Proceeds from Issuance of Long-term Debt $500k $8.3b $1.3b $999.0m $994.8m $999.7m $0 $848.7m $1.5b
Proceeds from long-term debt $500k $8.3b $1.3b $999.0m $994.8m $999.7m $0 $848.7m $1.5b
Short Term Debt Issuance $763.9m $214.4m $288.6m $537.4m
Long Term Debt Payments ($260.3m) ($136.4m) ($1.1b) ($1.1b)
Payments of long-term debt ($1.1m) ($1.9b) ($852.6m) ($1.9b) ($1.2b) ($422.9m) ($260.3m) ($136.4m) ($1.1b) ($1.1b)
Repayment Of Debt ($267.6m) ($740.3m) ($1.1b) ($1.1b)
Repayments of Long-term Debt $1.1m $1.9b $852.6m $1.9b $1.2b $422.9m $260.3m $136.4m $1.1b $1.1b
Short Term Debt Payments ($7.3m) ($603.9m) ($8.6m) ($13.5m)
Common Stock Issuance $11.7m $22.0m $0 $0
Net Common Stock Issuance ($861.2m) ($1.4b) ($1.7b) ($1.7b)
Common Stock Payments ($883.2m) ($1.4b) ($1.7b) ($1.7b)
Cash Dividends Paid ($618.5m) ($623.7m) ($723.4m) ($789.8m)
Common Stock Dividend Paid ($618.5m) ($623.7m) ($723.4m) ($789.8m)
Dividends paid $312.1m $319.0m $322.9m $420.8m $488.0m $587.1m $618.5m $623.7m $723.4m $789.8m
Payments of Dividends $312.1m $319.0m $322.9m $420.8m $488.0m $587.1m $618.5m $623.7m $723.4m $789.8m
Payments of cash dividends ($312) ($319) ($323) ($421) ($488) ($587) ($618) ($624) ($723) ($790)
Net Other Financing Charges ($23.8m) ($46.7m) ($69.8m) ($86.8m)
Proceeds from (Payments for) Other Financing Activities ($15.5m) ($39.8m) $32.3m ($129.2m) ($30.6m) ($23.4m) ($23.8m) ($46.7m) ($69.8m) ($86.8m)
Net Cash Provided by (Used in) Financing Activities ($307.4m) $6.5b ($1.7b) ($1.8b) ($3.0b) ($1.8b) ($282.4m) ($2.4b) ($2.0b) ($1.4b)
Effect Of Exchange Rate Changes $3.2m $20.0m ($6.2m) ($9.9m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $5.9m ($6.0m) ($1.3m) $4.9m $3.2m $20.0m ($6.2m) ($9.9m)
Effect of exchange rate changes on cash ($13.4m) ($36.3m) $5.9m ($6.0m) ($1.3m) $4.9m $3.2m $20.0m ($6.2m) ($9.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($13.4m) ($36.3m) $5.9m $6.3m $64.8m ($60.9m) $33.1m $78.0m ($66.4m) ($3.2m)
Net (decrease) increase in cash and cash equivalents $684.0m ($685.6m) ($48.7m) $6.3m $64.8m ($60.9m) $33.1m $78.0m ($66.4m) ($3.2m)
Cash and cash equivalents at beginning of year $205.7m $889.8m $204.2m $161.8m $226.6m $165.7m $198.8m $276.8m $210.4m $207.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $161.8m $226.6m $165.7m $198.8m $276.8m $210.4m $207.2m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported $33.1m $78.0m ($66.4m) ($3.2m)
Interest Paid, Excluding Capitalized Interest, Operating Activities $153.8m $220.6m $368.0m $336.1m $340.8m $338.8m $371.1m $416.5m $406.9m $453.0m
Income Taxes Paid, Net $477.8m $419.7m $292.2m $407.5m $437.2m $466.3m $580.1m $816.7m $779.8m $592.7m

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