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Illinois Tool Works Net Income

: $2,490 Mil (TTM As of Mar. 2020)
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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Illinois Tool Works's net income for the three months ended in Mar. 2020 was $566 Mil. Its net income for the trailing twelve months (TTM) ended in Mar. 2020 was $2,490 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Illinois Tool Works's Earnings per Share (Diluted) for the three months ended in Mar. 2020 was $1.77.

Illinois Tool Works Net Income Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Illinois Tool Works Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,899.00 2,035.00 1,687.00 2,563.00 2,521.00

Illinois Tool Works Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 597.00 623.00 660.00 641.00 566.00

Illinois Tool Works Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Illinois Tool Works's Net Income for the fiscal year that ended in Dec. 2019 is calculated as

Net Income(A: Dec. 2019 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=3288+-767+0+0
=2,521

Illinois Tool Works's Net Income for the quarter that ended in Mar. 2020 is calculated as

Net Income(Q: Mar. 2020 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=735+-169+0+0
=566

Net Income for the trailing twelve months (TTM) ended in Mar. 2020 was 623 (Jun. 2019 ) + 660 (Sep. 2019 ) + 641 (Dec. 2019 ) + 566 (Mar. 2020 ) = $2,490 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Illinois Tool Works  (NYSE:ITW) Net Income Explanation

Net income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Illinois Tool Works's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2020 is calculated as

Earnings per Share (Diluted) (Q: Mar. 2020 )=(Net Income-Preferred Dividends)/Shares Outstanding (Diluted Average)
=(566-0)/319.700
=1.77

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

Illinois Tool Works Net Income Related Terms

Illinois Tool Works Net Income Headlines

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