ITW | Illinois Tool Works Inc. Stock Financials Income Statements Annual

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Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Revenue	16.11B	15.93B	14.46B	12.57B	14.11B	14.77B	14.31B	13.60B	13.40B	14.48B	14.13B	17.92B	17.79B	15.87B	13.88B	15.87B	16.17B	14.06B	12.92B	11.73B	10.04B	9.47B	9.29B	9.98B	9.33B	5.65B	5.22B	5.00B	4.15B	3.46B
Cost of Revenue	9.32B	9.43B	8.49B	7.38B	8.19B	8.60B	8.31B	7.90B	7.89B	8.67B	8.55B	11.46B	11.52B	10.24B	9.14B	10.27B	10.46B	9.08B	8.36B	7.59B	6.53B	6.21B	6.19B	6.19B	5.77B	3.47B	3.24B	3.14B	2.60B	2.19B
Gross Profit	6.79B	6.50B	5.97B	5.20B	5.92B	6.16B	6.00B	5.70B	5.52B	5.81B	5.58B	6.47B	6.27B	5.63B	4.73B	5.60B	5.72B	4.98B	4.56B	4.14B	3.51B	3.25B	3.10B	3.79B	3.56B	2.18B	1.98B	1.85B	1.55B	1.27B
Operating Expenses	2.75B	2.71B	2.49B	2.32B	2.52B	2.58B	2.61B	2.64B	2.65B	2.92B	3.06B	3.62B	3.54B	3.27B	3.24B	3.26B	3.09B	2.57B	2.30B	2.08B	1.87B	1.75B	1.80B	2.23B	2.07B	1.10B	1.06B	1.05B	928.50M	782.20M
Selling, General & Admin	2.35B	2.58B	2.36B	2.16B	2.36B	2.39B	2.40B	2.42B	2.42B	2.68B	2.81B	3.33B	3.28B	3.06B	3.04B	2.86B	2.93B	2.43B	2.21B	2.02B	1.85B	1.72B	1.69B	1.81B	1.73B	890.60M	870.30M	875.40M	776.60M	650.10M
Research & Development	284.00M	2.58B	2.36B	2.16B	2.36B	2.39B	2.40B	2.42B	2.42B	2.68B	2.81B	3.33B	3.28B	3.06B	3.04B	210.72M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Operating Expenses	113.00M	-2.44B	133.00M	154.00M	159.00M	67.00M	36.00M	81.00M	78.00M	61.00M	72.00M	37.00M	255.34M	212.88M	203.23M	185.45M	161.04M	141.34M	83.84M	59.12M	24.28M	27.93M	104.58M	413.37M	343.30M	211.80M	185.40M	178.20M	151.90M	132.10M
Operating Income	4.04B	3.79B	3.48B	2.88B	3.40B	3.58B	3.49B	3.06B	2.87B	2.89B	2.51B	2.85B	2.73B	2.36B	1.39B	2.34B	2.62B	2.42B	2.26B	2.06B	1.63B	1.51B	1.31B	1.56B	1.49B	1.08B	927.10M	800.60M	626.50M	491.80M
Other Expenses / Income	-217.00M	52.00M	-151.00M	-178.00M	-114.00M	-190.00M	-215.00M	-156.00M	-148.00M	-189.00M	-167.00M	756.00M	-138.29M	-42.01M	-172.19M	-149.75M	132.09M	6.53M	-92.33M	-78.92M	-57.34M	-72.21M	-75.25M	-85.26M	-133.80M	-28.30M	-4.80M	-30.30M	-2.80M	-41.50M
Before Tax Income	3.82B	3.84B	3.33B	2.70B	3.29B	3.39B	3.27B	2.91B	2.72B	2.70B	2.35B	3.60B	2.59B	2.21B	1.21B	2.19B	2.58B	2.45B	2.18B	2.00B	1.58B	1.43B	1.23B	1.48B	1.35B	1.06B	924.40M	770.30M	623.70M	450.30M
Income Tax Expenses	866.00M	808.00M	632.00M	595.00M	767.00M	831.00M	1.58B	873.00M	820.00M	809.00M	717.00M	1.11B	575.70M	684.80M	244.30M	608.10M	754.90M	727.50M	686.70M	659.80M	535.90M	501.75M	428.40M	520.20M	511.60M	386.80M	337.40M	284.00M	236.10M	172.50M
Net Income	2.96B	3.03B	2.69B	2.11B	2.52B	2.56B	1.69B	2.04B	1.90B	2.95B	1.68B	2.87B	2.07B	1.53B	947.01M	1.52B	1.87B	1.72B	1.49B	1.34B	1.02B	712.59M	805.66M	957.98M	841.10M	672.80M	587.00M	486.30M	387.60M	277.80M
Interest Expenses	266.00M	203.00M	202.00M	206.00M	221.00M	257.00M	260.00M	237.00M	226.00M	250.00M	239.00M	214.00M	192.13M	175.46M	164.84M	154.46M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	302.60M	309.60M	315.10M	316.90M	323.90M	335.00M	344.10M	355.00M	367.90M	401.70M	446.20M	469.80M	491.40M	500.80M	500.18M	518.61M	551.55M	565.05M	574.67M	610.44M	614.82M	611.67M	608.04M	602.50M	600.79M	500.26M	499.20M	496.08M	473.48M	453.55M
Diluted Shares Outstanding	303.60M	310.70M	316.40M	318.30M	325.60M	337.10M	346.80M	357.10M	370.10M	404.60M	449.30M	473.20M	494.60M	503.30M	501.92M	518.61M	556.03M	570.68M	579.02M	615.31M	616.67M	616.96M	612.67M	608.24M	609.49M	608.80M	499.20M	496.08M	473.48M	453.55M
EBITDA	4.48B	4.24B	3.91B	3.32B	3.85B	4.07B	3.86B	3.53B	3.42B	3.45B	3.11B	4.43B	3.37B	2.57B	1.95B	3.05B	2.97B	2.96B	2.63B	2.31B	1.94B	1.81B	1.69B	1.98B	1.83B	1.61B	1.36B	978.80M	797.90M	623.90M
EBITDA Margin	27.84%	26.62%	27.05%	26.42%	27.30%	27.53%	26.97%	25.99%	25.51%	23.84%	21.97%	24.70%	18.97%	16.20%	14.03%	19.24%	18.39%	21.04%	20.38%	19.68%	19.33%	19.13%	18.21%	19.80%	19.61%	28.42%	26.12%	19.59%	19.22%	18.03%
EBIT	4.09B	4.04B	3.53B	2.91B	3.51B	3.65B	3.53B	3.15B	2.94B	4.00B	2.63B	4.19B	2.84B	2.39B	1.36B	2.28B	2.62B	2.45B	2.18B	2.00B	1.56B	1.21B	1.23B	1.48B	1.35B	1.06B	924.40M	770.30M	623.70M	450.30M
EBIT Margin	25.39%	25.39%	24.41%	23.14%	24.87%	24.72%	24.66%	23.13%	21.97%	27.65%	18.64%	23.39%	15.96%	15.04%	9.77%	14.38%	16.23%	17.40%	16.88%	17.04%	15.54%	12.83%	13.28%	14.81%	14.49%	18.76%	17.71%	15.42%	15.02%	13.01%
Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31