Illinois Tool Works Inc. (ITW)
NYSE: ITW · Real-Time Price · USD
270.12
-1.53 (-0.56%)
Sep 4, 2026, 4:00 PM EDT - Market closed
Illinois Tool Works Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 3,194 | 3,066 | 3,488 | 2,957 | 3,034 | 2,694 |
Depreciation & Amortization | 400 | 397 | 402 | 395 | 410 | 410 |
Loss (Gain) From Sale of Assets | 1 | 3 | - | -2 | -192 | - |
Loss (Gain) From Sale of Investments | 1 | - | -363 | -2 | -9 | -29 |
Stock-Based Compensation | 74 | 69 | 61 | 69 | 63 | 53 |
Provision & Write-off of Bad Debts | 4 | 5 | -1 | 6 | 5 | 3 |
Other Operating Activities | 35 | -8 | -288 | -94 | -147 | -136 |
Change in Accounts Receivable | -251 | -92 | 34 | 64 | -461 | -240 |
Change in Inventory | -43 | 34 | 176 | 360 | -455 | -450 |
Change in Accounts Payable | 28 | -29 | -43 | -14 | 35 | 37 |
Change in Income Taxes | -53 | -135 | -70 | -72 | -35 | 49 |
Change in Other Net Operating Assets | -60 | -184 | -115 | -128 | 100 | 166 |
Operating Cash Flow | 3,330 | 3,126 | 3,281 | 3,539 | 2,348 | 2,557 |
Operating Cash Flow Growth | 5.82% | -4.72% | -7.29% | 50.72% | -8.17% | -8.91% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -409 | -419 | -437 | -455 | -412 | -296 |
Sale of Property, Plant & Equipment | 8 | 11 | 12 | 20 | 15 | 8 |
Cash Acquisitions | -120 | -119 | -115 | - | -2 | -731 |
Divestitures | - | 1 | - | 7 | 278 | - |
Investment in Securities | 3 | 7 | 406 | 27 | 12 | 38 |
Other Investing Activities | -3 | -2 | -10 | -2 | -1 | -3 |
Investing Cash Flow | -521 | -521 | -144 | -403 | -110 | -984 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 508 | 312 | - | 796 | 120 |
Long-Term Debt Issued | - | - | 1,606 | 1,425 | 593 | 90 |
Total Debt Issued | 899 | 508 | 1,918 | 1,425 | 1,389 | 210 |
Short-Term Debt Repaid | - | - | - | -452 | - | - |
Long-Term Debt Repaid | - | - | -1,926 | -679 | -1,113 | -351 |
Total Debt Repaid | - | - | -1,926 | -1,131 | -1,113 | -351 |
Net Debt Issued (Repaid) | 899 | 508 | -8 | 294 | 276 | -141 |
Issuance of Common Stock | 70 | 65 | 52 | 53 | 29 | 50 |
Repurchase of Common Stock | -1,875 | -1,500 | -1,500 | -1,500 | -1,750 | -1,000 |
Common Dividends Paid | -1,833 | -1,785 | -1,695 | -1,615 | -1,542 | -1,463 |
Other Financing Activities | -33 | -32 | -38 | -14 | -13 | -10 |
Financing Cash Flow | -2,772 | -2,744 | -3,189 | -2,782 | -3,000 | -2,564 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 14 | 42 | -65 | 3 | -57 | -46 |
Net Cash Flow | 51 | -97 | -117 | 357 | -819 | -1,037 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,921 | 2,707 | 2,844 | 3,084 | 1,936 | 2,261 |
Free Cash Flow Growth | 7.23% | -4.82% | -7.78% | 59.30% | -14.37% | -12.06% |
Free Cash Flow Margin | 17.74% | 16.87% | 17.89% | 19.15% | 12.15% | 15.64% |
Free Cash Flow Per Share | 10.09 | 9.26 | 9.55 | 10.16 | 6.23 | 7.15 |
Levered Free Cash Flow | 2,433 | 2,167 | 2,698 | 2,757 | 1,798 | 1,787 |
Unlevered Free Cash Flow | 2,622 | 2,349 | 2,875 | 2,924 | 1,924 | 1,914 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 287 | 279 | 248 | 260 | 199 | 197 |
Cash Income Tax Paid | 958 | 1,052 | 1,180 | 1,026 | 993 | 731 |
Change in Working Capital | -379 | -406 | -18 | 210 | -816 | -438 |