← Snap-on Inc
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net earnings | $572.2m |
$696.2m
+21.67%
|
$711.2m
+2.15%
|
— | $646.4m |
$841.4m
+30.17%
|
$1.0b
+22.96%
|
$1.1b
+3.32%
|
— | $1.0b | — | |
| Net Income (Loss) Attributable to Parent | $557.7m |
$679.9m
+21.91%
|
$693.5m
+2.00%
|
$627.0m
-9.59%
|
— | $911.7m |
$1.0b
+10.90%
|
$1.0b
+3.24%
|
$1.0b
-2.59%
|
— | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $572.2m | $696.2m | $711.2m | $646.4m | — | $933.9m | $1.0b | $1.1b | $1.0b | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $14.5m | $16.3m | $17.7m | $19.4m | — | $22.2m | $23.5m | $25.0m | $25.4m | — | — | |
| Depreciation, Depletion and Amortization | $93.2m | $94.1m | $92.4m | $96.7m | $73.3m | $100.2m | $99.3m | $98.0m | $98.5m | $75.8m | $100.0m | |
| Amortization of Intangible Assets | $27.6m | $25.3m | $22.3m | $23.4m | — | $28.7m | $27.1m | $25.3m | $22.7m | — | — | |
| Capitalized Computer Software, Amortization | $14.7m | $13.4m | $10.1m | $10.5m | — | $11.6m | $10.5m | $10.7m | $11.6m | — | — | |
| Depreciation | $65.6m | $68.8m | $70.1m | $73.3m | $73.3m | $71.5m | $72.2m | $72.7m | $75.8m | $75.8m | $78.9m | |
| Amortization of other intangible assets | $27.6m | $25.3m | $22.3m | — | $23.4m | $29.2m | $27.1m | $25.3m | — | $22.7m | — | |
| Amortization Cash Flow | — | — | — | — | — | $28.7m | $27.1m | $25.3m | $22.7m | — | — | |
| Amortization Of Intangibles | — | — | — | — | — | $28.7m | $27.1m | $25.3m | $22.7m | — | $21.1m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $100.2m | $99.3m | $98.0m | $98.5m | — | $100.0m | |
| Deferred Income Tax Expense (Benefit) | $12.3m | $13.7m | $34.2m | ($8.2m) | ($8.2m) | ($10.3m) | ($18.7m) | ($8.2m) | $2.5m | $2.5m | $9.2m | |
| Deferred Tax | — | — | — | — | — | ($10.3m) | ($18.7m) | ($8.2m) | $2.5m | — | $9.2m | |
| Share-based Payment Arrangement, Noncash Expense | $30.3m | $27.2m | $23.8m | $19.5m | — | $34.0m | $44.7m | $28.6m | $28.9m | — | $32.1m | |
| Stock-based compensation expense | $30.3m | $27.2m | $23.8m | — | $19.5m | $41.4m | $44.7m | $28.6m | — | $28.9m | $32.1m | |
| Income (Loss) from Equity Method Investments | $1.2m | $700k | $900k | $300k | — | $0 | $0 | — | — | — | — | |
| Other Nonoperating Income (Expense) | ($7.2m) | $4.2m | $8.8m | $8.7m | — | $42.5m | $67.5m | $77.0m | $58.7m | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | ($434.0m) | ($81.1m) | ($63.1m) | ($168.7m) | — | ($95.1m) | |
| Provisions for losses on finance receivables | — | — | — | — | $54.6m | $37.7m | $57.2m | $71.1m | — | $72.9m | — | |
| Provisions for losses on non-finance receivables | — | $12.8m | $18.3m | — | $22.7m | $16.3m | $19.2m | $22.8m | — | $21.3m | — | |
| Trade and other accounts receivable | ($55.5m) | ($47.7m) | ($15.7m) | — | $47.9m | ($61.4m) | ($45.2m) | ($72.9m) | — | ($61.8m) | — | |
| Contract receivables | ($41.8m) | ($30.9m) | ($20.9m) | — | ($29.9m) | ($3.1m) | ($34.0m) | ($17.4m) | — | ($11.3m) | — | |
| Additions to finance receivables | ($892.0m) | ($865.6m) | ($841.9m) | — | ($835.0m) | ($878.1m) | ($1.0b) | ($966.0m) | — | ($913.6m) | — | |
| Collections of finance receivables | $712.7m | $747.7m | $754.3m | — | $750.3m | $854.2m | $833.5m | $837.8m | — | $888.9m | — | |
| Change In Receivables | — | — | — | — | — | ($131.8m) | ($79.2m) | ($90.3m) | ($73.1m) | — | ($114.3m) | |
| Changes In Account Receivables | — | — | — | — | — | ($120.0m) | ($45.2m) | ($72.9m) | ($61.8m) | — | ($114.3m) | |
| Increase (Decrease) in Inventories | $76.0m | $38.6m | $97.0m | ($34.2m) | — | $272.1m | ($23.3m) | ($27.8m) | $44.1m | — | ($36.3m) | |
| Inventories | ($76.0m) | ($38.6m) | ($97.0m) | — | $34.2m | ($75.4m) | $23.3m | $27.8m | — | ($44.1m) | ($36.3m) | |
| Change In Inventory | — | — | — | — | — | ($272.1m) | $23.3m | $27.8m | ($44.1m) | — | ($36.3m) | |
| Increase (Decrease) in Accounts Payable | ($2.2m) | $27.5m | ($2.6m) | $17.8m | $17.8m | $17.7m | ($48.1m) | $29.0m | ($42.7m) | ($42.7m) | ($13.3m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | ($23.8m) | ($60.3m) | ($11.0m) | ($77.0m) | — | ($13.3m) | |
| Accrued and other liabilities | $6.2m | ($66.0m) | ($97.7m) | — | $95.6m | $14.3m | ($12.2m) | ($40.0m) | — | ($34.3m) | — | |
| Change In Accrued Expense | — | — | — | — | — | ($41.5m) | ($12.2m) | ($40.0m) | ($34.3m) | — | $47.4m | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | — | — | — | — | — | |
| Prepaid expenses and other assets | ($10.0m) | $10.4m | ($22.2m) | — | $8.5m | ($10.7m) | $35.1m | $10.4m | — | $25.5m | — | |
| Net Cash Provided by (Used in) Operating Activities | $608.5m |
$764.5m
+25.64%
|
$674.6m
-11.76%
|
$1.0b
+49.51%
|
$1.0b
0.00%
|
$675.2m
-33.06%
|
$1.2b
+70.94%
|
$1.2b
+5.48%
|
$1.1b
-11.15%
|
$1.1b
0.00%
|
$1.2b
+9.66%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital expenditures | ($82.0m) | ($90.9m) | ($99.4m) | — | ($65.6m) | ($70.1m) | ($95.0m) | ($83.5m) | ($76.0m) | ($76.0m) | ($77.7m) | |
| Disposals of property and equipment | $1.5m | $700k | $1.7m | — | $1.8m | $2.1m | $2.7m | $3.1m | — | $20.4m | — | |
| Capital Expenditure Reported | — | — | — | — | — | ($84.2m) | ($95.0m) | ($83.5m) | ($76.0m) | — | ($77.7m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $82.9m | $3.0m | $38.6m | $41.5m | — | ($500k) | $42.6m | $0 | $0 | — | ($159.1m) | |
| Acquisitions of businesses, net of cash acquired | ($82.9m) | ($3.0m) | ($38.6m) | — | ($41.5m) | ($199.7m) | ($42.6m) | $0 | — | $0 | — | |
| Payments for (Proceeds from) Other Investing Activities | ($1.3m) | ($900k) | ($1.8m) | ($2.2m) | — | ($1.3m) | $1.4m | ($4.5m) | ($7.2m) | — | — | |
| Net Other Investing Changes | — | — | — | — | — | ($127.6m) | ($196.9m) | ($123.7m) | ($17.5m) | — | ($2.6m) | |
| Net cash used by investing activities | ($341.4m) | ($210.2m) | ($222.1m) | — | ($187.8m) | ($290.4m) | ($331.8m) | ($204.1m) | — | ($73.1m) | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($210.2m) | ($222.1m) | ($187.8m) | — | ($206.2m) | ($331.8m) | ($204.1m) | ($73.1m) | — | ($218.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $150.0m | $457.8m | $0 | $0 | — | $0 | $0 | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | ($7.8m) | $0 | $0 | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | $297.8m | $395.4m | $0 | $489.9m | — | $0 | — | — | — | — | $0 | |
| Net increase (decrease) in other short-term borrowings | $18.3m | $21.7m | $17.6m | — | ($187.2m) | $3.3m | ($1.7m) | ($1.3m) | — | $3.3m | — | |
| Issuance Of Debt | — | — | — | — | $0 | $0 | — | — | — | — | $0 | |
| Long Term Debt Issuance | — | — | — | — | $0 | $0 | — | — | — | — | $0 | |
| Long Term Debt Payments | — | — | — | — | ($250.0m) | $0 | $0 | — | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $1.6m | ($1.7m) | ($1.3m) | $3.3m | — | $1.4m | |
| Net Long Term Debt Issuance | — | — | — | — | ($250.0m) | $0 | $0 | — | — | — | — | |
| Net Short Term Debt Issuance | — | — | — | — | — | $1.6m | ($1.7m) | ($1.3m) | $3.3m | — | $1.4m | |
| Repayment Of Debt | — | — | — | — | ($250.0m) | $0 | $0 | — | — | — | ($1.3m) | |
| Payments for Repurchase of Common Stock | $287.9m | $284.1m | $238.4m | $174.3m | — | $198.1m | $294.7m | $290.0m | $328.6m | — | — | |
| Common Stock Dividend Paid | — | — | — | — | — | ($313.1m) | ($355.6m) | ($406.4m) | ($462.2m) | — | ($476.8m) | |
| Common Stock Issuance | — | — | — | — | $162.4m | $55.0m | — | — | — | — | — | |
| Common Stock Payments | — | — | — | — | — | ($198.1m) | ($294.7m) | ($290.0m) | ($328.6m) | — | ($353.7m) | |
| Issuance Of Capital Stock | — | — | — | — | $162.4m | $55.0m | — | — | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | ($198.1m) | ($294.7m) | ($290.0m) | ($328.6m) | — | ($353.7m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($198.1m) | ($294.7m) | ($290.0m) | ($328.6m) | — | ($353.7m) | |
| Dividends paid | $169 | $192 | $217 | $243 | — | $313 | $356 | $406 | — | — | ($491.4m) | |
| Cash dividends paid | ($169) | ($192) | ($217) | — | ($243) | ($276) | ($356) | ($406) | ($462.2m) | ($462) | ($491.4m) | |
| Proceeds from (Payments for) Other Financing Activities | ($23.4m) | ($24.1m) | ($23.4m) | ($25.2m) | ($25.2m) | ($30.4m) | ($34.5m) | ($44.4m) | ($36.3m) | ($36.3m) | — | |
| Net Other Financing Charges | — | — | — | — | — | ($30.4m) | ($34.5m) | ($44.4m) | ($36.3m) | — | ($34.4m) | |
| Net cash used by financing activities | ($256.1m) |
($502.2m)
-96.10%
|
($409.4m)
+18.48%
|
— | ($84.3m) |
($818.8m)
-871.29%
|
($572.9m)
+30.03%
|
($649.8m)
-13.42%
|
— | ($749.9m) | — | |
| Net Cash Provided by (Used in) Financing Activities | — | ($502.2m) |
($409.4m)
+18.48%
|
($84.3m)
+79.41%
|
— | ($485.0m) |
($572.9m)
-18.12%
|
($649.8m)
-13.42%
|
($749.9m)
-15.40%
|
— | ($782.3m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $43.6m | $738.9m | — | ($22.8m) | $244.3m | $359.0m | $264.0m | — | $1.6b | |
| Cash and cash equivalents at beginning of year | $77.6m | $92.0m | $184.5m | — | $923.4m | $780.0m | $1.0b | $1.4b | — | $1.6b | $1.5b | |
| Beginning Cash Position | — | — | — | — | — | $780.0m | $757.2m | $1.0b | $1.4b | — | $1.5b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $184.5m | $923.4m | — | $757.2m | $1.0b | $1.4b | $1.6b | — | $1.6b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $500k | $2.4m | — | ($6.8m) | ($5.2m) | ($4.6m) | $5.3m | — | $1.3m | |
| Effect of exchange rate changes on cash and cash equivalents | $3.4m | ($3.2m) | $500k | — | $2.4m | ($800k) | ($5.2m) | ($4.6m) | — | $5.3m | $1.3m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | ($6.8m) | ($5.2m) | ($4.6m) | $5.3m | — | $1.3m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | ($51.2m) | $51.5m | $46.3m | $49.8m | ($49.8m) | $44.7m | $44.5m | $44.1m | $44.6m | ($44.6m) | — | |
| Income Taxes Paid, Net | $228.1m | $188.0m | $191.2m | $188.4m | ($188.4m) | $261.2m | $300.9m | $305.7m | $327.0m | ($327.0m) | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | ($7.0m) | ($3.9m) | ($3.6m) | ($3.9m) | — | ($7.5m) | ($11.0m) | ($7.4m) | ($3.6m) | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | $13.3m | $0 | $0 | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | $4.3m | $11.6m | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets for Financial Service Operations | $200k | ($500k) | ($900k) | ($1.4m) | — | $3.1m | $1.0m | $600k | $16.0m | — | — | |
| Goodwill | $924.1m | $902.2m | $913.8m | $982.4m | — | $1.0b | $1.1b | $1.1b | $1.1b | — | — | |
| Income Tax Expense (Benefit) | $250.9m | $214.4m | $211.8m | $189.1m | — | $268.7m | $293.4m | $304.2m | $293.6m | — | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $49.6m | $50.5m | — | — | |
| Investment Income, Interest | $300k | $600k | $1.5m | $1.7m | — | $13.0m | $40.2m | $57.0m | $58.8m | — | — | |
| Operating Expenses | $1.2b | — | — | — | — | — | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $1.6m | $1.5m | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $46.2m | $55.5m | $51.4m | $55.8m | — | $55.0m | $113.6m | $92.3m | $73.9m | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | $37.7m | $57.2m | $71.1m | $72.9m | — | — | |
| Gain on sales of assets | ($200k) | $500k | $900k | — | $1.4m | $1.7m | ($1.0m) | ($600k) | — | ($16.0m) | — | |
| Purchases of treasury stock | ($287.9m) | ($284.1m) | ($238.4m) | — | ($174.3m) | ($431.3m) | ($294.7m) | ($290.0m) | — | ($328.6m) | — | |
| Proceeds from stock purchase plans and stock option exercises | — | — | — | — | — | $55.0m | $113.6m | $92.3m | — | $73.9m | — | |
| Increase in cash and cash equivalents | $14.4m | $48.9m | $43.6m | — | $738.9m | ($143.4m) | $244.3m | $359.0m | — | $264.0m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($485.0m) | ($572.9m) | ($649.8m) | ($749.9m) | — | ($782.3m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($206.2m) | ($331.8m) | ($204.1m) | ($73.1m) | — | ($218.8m) | |
| Change In Account Payable | — | — | — | — | — | $17.7m | ($48.1m) | $29.0m | ($42.7m) | — | ($13.3m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($22.8m) | $244.3m | $359.0m | $264.0m | — | — | |
| Change In Payable | — | — | — | — | — | $17.7m | ($48.1m) | $29.0m | ($42.7m) | — | ($13.3m) | |
| Change In Prepaid Assets | — | — | — | — | — | ($6.3m) | $35.1m | $10.4m | $25.5m | — | $21.4m | |
| Changes In Cash | — | — | — | — | — | ($16.0m) | $249.5m | $363.6m | $258.7m | — | $185.1m | |
| End Cash Position | — | — | — | — | — | $757.2m | $1.0b | $1.4b | $1.6b | — | $1.6b | |
| Financing Cash Flow | — | — | — | — | — | ($485.0m) |
($572.9m)
-18.12%
|
($649.8m)
-13.42%
|
($749.9m)
-15.40%
|
— | ($782.3m) | |
| Free Cash Flow | — | — | — | — | — | $591.0m | $1.1b | $1.1b | $1.0b | — | $1.1b | |
| Investing Cash Flow | — | — | — | — | — | ($206.2m) | ($331.8m) | ($204.1m) | ($73.1m) | — | ($218.8m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $500k | ($42.6m) | $0 | $0 | — | ($159.1m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | $5.1m | $2.7m | $3.1m | $20.4m | — | $20.6m | |
| Operating Gains Losses | — | — | — | — | — | ($3.1m) | ($1.0m) | ($600k) | ($16.0m) | — | ($16.0m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $55.0m | $113.6m | $92.3m | $73.9m | — | $95.8m | |
| Provisionand Write Offof Assets | — | — | — | — | — | $54.5m | $76.4m | $93.9m | $94.2m | — | $97.5m | |
| Purchase Of Business | — | — | — | — | ($199.7m) | — | ($42.6m) | $0 | $0 | — | ($159.1m) | |
| Sale Of PPE | — | — | — | — | — | $5.1m | $2.7m | $3.1m | $20.4m | — | $20.6m | |
| Stock Based Compensation | — | — | — | — | — | $34.0m | $44.7m | $28.6m | $28.9m | — | $32.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.