← 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 (Loss) Attributable to Parent | $1.1b |
$1.8b
+56.46%
|
$1.1b
-37.44%
|
$1.5b
+39.01%
|
$2.0b
+31.73%
|
$1.9b
-8.18%
|
$2.0b
+8.35%
|
$2.4b
+18.25%
|
$2.7b
+12.25%
|
$2.6b
-4.21%
|
|
| Amortization | — | — | $318.0m | $312.8m | $313.4m | $309.5m | $317.1m | $330.2m | $326.6m | $336.6m | |
| Amortization of Debt Issuance Costs | $63.8m | $8.3m | $12.1m | $9.2m | $7.2m | $6.4m | $7.6m | — | — | — | |
| Amortization of Intangible Assets | $25.6m | $206.8m | $318.1m | $312.8m | $313.4m | $309.5m | $317.1m | $330.2m | $326.6m | $336.6m | |
| Depreciation | $172.1m | $285.0m | $278.2m | $262.1m | $268.0m | $263.1m | $264.0m | $292.3m | $297.4m | $340.3m | |
| Amortization of non-traded investments | — | — | — | — | $84.8m | $53.6m | $38.5m | $65.4m | $75.0m | $104.0m | |
| 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 income taxes | ($68.2m) | ($606.1m) | ($143.4m) | ($131.1m) | ($145.3m) | ($80.3m) | ($144.8m) | ($88.9m) | ($74.9m) | $153.2m | |
| 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 | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $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 | |
| Goodwill and Intangible Asset Impairment | $10.7m | $2.0m | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $10.5m | — | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $122.1m | $2.3m | $0 | $15.5m | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | $15.5m | — | — | — | |
| Impairment | — | — | — | — | — | $0 | $15.5m | $57.9m | $0 | $17.8m | |
| Nonoperating Income (Expense) | $4.6m | $17.0m | ($20.1m) | ($16.7m) | — | — | — | — | — | — | |
| 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: | |||||||||||
| 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 | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | $56.8m | $33.8m | $65.3m | $67.9m | $69.5m | $49.3m | |
| Increase (Decrease) in Inventories | $52.6m | $90.0m | $119.5m | $75.5m | ($84.4m) | $228.1m | $666.7m | ($323.4m) | $32.9m | ($132.5m) | |
| Decrease (increase) in inventories | ($52.6m) | ($90.0m) | ($119.5m) | ($75.5m) | $84.4m | ($228.1m) | ($666.7m) | $323.4m | ($32.9m) | $132.5m | |
| 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) | |
| (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 in accrued taxes | ($2.2m) | ($20.9m) | $2.7m | $5.1m | $99.2m | ($32.7m) | ($38.1m) | ($8.9m) | ($14.3m) | ($22.5m) | |
| (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) | |
| Other | ($15.5m) | ($39.8m) | $32.3m | ($129.2m) | ($30.6m) | ($23.4m) | ($23.8m) | ($46.7m) | ($69.8m) | ($86.8m) | |
| 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
+43.97%
|
$1.9b
+3.17%
|
$2.3b
+19.43%
|
$3.4b
+46.84%
|
$2.2b
-34.15%
|
$1.9b
-14.47%
|
$3.5b
+83.44%
|
$3.2b
-10.47%
|
$3.5b
+9.46%
|
|
| Cash flows from investing activities: | |||||||||||
| 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 Disposition of Property Plant Equipment | $30.6m | ($5.4m) | ($12.8m) | ($16.1m) | $9.4m | $6.1m | $10.7m | ($900k) | $49.9m | $20.8m | |
| Capital expenditures | ($239.0m) | ($222.8m) | ($251.0m) | ($328.9m) | ($303.8m) | ($372.0m) | ($644.5m) | ($888.4m) | ($1.1b) | ($797.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $8.8b | — | $77.3m | — | $210.9m | $1.0b | $264.7m | $78.9m | $1.2b | |
| Gain on divestiture of business | — | — | — | $0 | $0 | $111.9m | $0 | ($20.1m) | $0 | $0 | |
| Acquisitions of 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 | |
| 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: | |||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($14.8m) | ($21.3m) | $1.4m | $0 | ($12.8m) | $0 | $0 | |
| 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 | |
| Proceeds from Issuance of Long-term Debt | $500k | $8.3b | — | $1.3b | $999.0m | $994.8m | $999.7m | $0 | $848.7m | $1.5b | |
| Loss on extinguishment of debt | — | — | — | $14.8m | $21.3m | ($1.4m) | $0 | $12.8m | $0 | $0 | |
| 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 | |
| Proceeds from long-term debt | $500k | $8.3b | — | $1.3b | $999.0m | $994.8m | $999.7m | $0 | $848.7m | $1.5b | |
| 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) | |
| 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) | |
| Dividends paid | $312 | $319 | $323 | $421 | $488 | $587 | $618 | $624 | $723 | $790 | |
| Payments of Dividends | $312 | $319 | $323 | $421 | $488 | $587 | $618 | $624 | $723 | $790 | |
| Payments of cash dividends | ($312) | ($319) | ($323) | ($421) | ($488) | ($587) | ($618) | ($624) | ($723) | ($790) | |
| 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
+2219.42%
|
($1.7b)
-126.81%
|
($1.8b)
-5.71%
|
($3.0b)
-63.57%
|
($1.8b)
+39.27%
|
($282.4m)
+84.60%
|
($2.4b)
-758.57%
|
($2.0b)
+16.81%
|
($1.4b)
+31.65%
|
|
| 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, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $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 | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($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) | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| 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 | |
| Supplemental disclosure of cash flow information: | |||||||||||
| 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 | |
| Additional Financial Items | |||||||||||
| Environmental Remediation Expense | $42.9m | $15.4m | $176.3m | $23.0m | $37.1m | ($4.0m) | ($7.1m) | — | — | — | |
| 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) | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | ($111.9m) | $0 | $20.1m | $0 | $0 | |
| Gain (Loss) Related to Litigation Settlement | — | — | ($136.3m) | $34.7m | $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 | |
| 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, Including Portion Attributable to Noncontrolling Interest | — | ($41.5m) | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | $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 | |
| Investment Income, Interest | — | — | — | — | — | — | $8.0m | $25.2m | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | $3.2m | $6.2m | — | — | — | — | — | — | — | |
| Pension Cost (Reversal of Cost) | $14.9m | $18.2m | $36.4m | $43.1m | $7.6m | $6.8m | $5.1m | — | — | — | |
| Restructuring Costs | — | — | — | — | — | — | $47.3m | $15.3m | $0 | $111.0m | |
| Non-cash lease expense | — | — | — | $370.8m | $381.3m | $400.7m | $416.9m | $452.7m | $460.5m | $508.6m | |
| 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 | |
| (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) | |
| (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) | |
| Change in operating lease liabilities | — | — | — | ($368.4m) | ($371.4m) | ($401.4m) | ($405.3m) | ($453.4m) | ($460.7m) | ($503.7m) | |
| 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) | |
| 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 | |
| Net investing cash | ($303.8m) | ($9.0b) | ($251.6m) | ($462.6m) | ($322.4m) | ($476.4m) | ($1.6b) | ($1.0b) | ($1.2b) | ($2.1b) | |
| Treasury stock purchased | $0 | — | ($613.3m) | ($778.8m) | ($2.4b) | ($2.8b) | ($883.2m) | ($1.4b) | ($1.7b) | ($1.7b) | |
| Proceeds from real estate financing transactions | — | — | $225.3m | $7.2m | $0 | $0 | $207.3m | $306.5m | $244.2m | $40.7m | |
| Net financing cash | ($307.4m) | $6.5b | ($1.7b) | ($1.8b) | ($3.0b) | ($1.8b) | ($282.4m) | ($2.4b) | ($2.0b) | ($1.4b) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.