Illinois Tool Works Inc. (ITW)
NYSE: ITW · Real-Time Price · USD
284.91
+1.89 (0.67%)
Jul 27, 2026, 3:49 PM EDT - Market open
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 | Mar '26 Mar 31, 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 | 3,134 | 3,066 | 3,488 | 2,957 | 3,034 | 2,694 |
Depreciation & Amortization | 401 | 397 | 402 | 395 | 410 | 410 |
Stock-Based Compensation | 71 | 69 | 61 | 69 | 63 | 53 |
Other Adjustments | 16 | 0 | -291 | -450 | -341 | -161 |
Change in Receivables | -137 | -92 | 34 | 64 | -461 | -240 |
Changes in Inventories | -4 | 34 | 176 | 360 | -455 | -450 |
Changes in Accounts Payable | -2 | -29 | -43 | -14 | 35 | 37 |
Changes in Accrued Expenses | -25 | -48 | -74 | -102 | 119 | 202 |
Changes in Income Taxes Payable | -213 | -135 | -70 | -72 | -35 | 49 |
Changes in Other Operating Activities | -84 | -136 | -42 | -28 | -21 | -37 |
Operating Cash Flow | 3,157 | 3,126 | 3,281 | 3,539 | 2,348 | 2,557 |
Operating Cash Flow Growth | -3.87% | -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 | Mar '26 Mar 31, 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 | -418 | -419 | -437 | -455 | -412 | -296 |
Sale of Property, Plant & Equipment | 10 | 11 | 12 | 20 | 15 | 8 |
Proceeds from Sale of Investments | 7 | 7 | 11 | 27 | 12 | 38 |
Cash Acquisitions | -121 | -119 | -115 | - | -2 | -731 |
Proceeds from Business Divestments | - | 1 | 402 | - | 278 | - |
Other Investing Activities | -7 | -2 | -10 | -2 | -1 | -3 |
Investing Cash Flow | -528 | -521 | -144 | -403 | -110 | -984 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 |
Long-Term Debt Issued | - | - | 1,606 | 1,425 | 593 | 90 |
Long-Term Debt Repaid | 32 | - | -1,926 | -679 | -1,113 | -351 |
Net Long-Term Debt Issued (Repaid) | 32 | - | -320 | 746 | -520 | -261 |
Issuance of Common Stock | 73 | 65 | 52 | 53 | 29 | 50 |
Repurchase of Common Stock | -1,500 | -1,500 | -1,500 | -1,500 | -1,750 | -1,000 |
Net Common Stock Issued (Repurchased) | -1,427 | -1,435 | -1,448 | -1,447 | -1,721 | -950 |
Common Dividends Paid | -1,809 | -1,785 | -1,695 | -1,615 | -1,542 | -1,463 |
Other Financing Activities | 533 | 476 | 274 | -466 | 783 | 110 |
Financing Cash Flow | -2,703 | -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 | Mar '26 Mar 31, 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 | 28 | 42 | -65 | 3 | -57 | -46 |
Net Cash Flow | -46 | -97 | -117 | 357 | -819 | -1,037 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | 2,739 | 2,707 | 2,844 | 3,084 | 1,936 | 2,261 |
Free Cash Flow Growth | -3.76% | -4.82% | -7.78% | 59.30% | -14.37% | -12.06% |
FCF Margin | 16.89% | 16.87% | 17.89% | 19.15% | 12.15% | 15.64% |
Free Cash Flow Per Share | 9.41 | 9.26 | 9.55 | 10.16 | 6.23 | 7.15 |
Levered Free Cash Flow | 2,821 | 2,730 | 3,080 | 3,787 | 2,155 | 2,348 |
Unlevered Free Cash Flow | 2,981 | 2,923 | 3,275 | 3,209 | 2,634 | 2,731 |