Attached files
| file | filename |
|---|---|
| 8-K - 8-K - ILLINOIS TOOL WORKS INC | itw8krestatement3q13.htm |
| EX-99.2 - EXHIBIT 99.2 - ILLINOIS TOOL WORKS INC | ex9923q13.htm |
| 8-K - 8-K - ILLINOIS TOOL WORKS INC | itw8krestatement3q13.pdf |
| EX-99.1 - EXHIBIT 99.1 - ILLINOIS TOOL WORKS INC | ex9913q13.pdf |
| EX-99.2 - EXHIBIT 99.2 - ILLINOIS TOOL WORKS INC | ex9923q13.pdf |
Exhibit 99.1
ILLINOIS TOOL WORKS INC. and SUBSIDIARIES
2013 PRO FORMA STATEMENT OF INCOME RESTATED FOR DISCONTINUED OPERATIONS (UNAUDITED)
(In millions except per share amounts) | 2013 | ||||||||||
1Q | 2Q | YTD | |||||||||
Operating Revenues | $ | 3,420 | $ | 3,593 | $ | 7,013 | |||||
Cost of revenues | 2,078 | 2,155 | 4,233 | ||||||||
Selling, administrative, and research and development expenses | 703 | 747 | 1,450 | ||||||||
Amortization of intangible assets | 61 | 61 | 122 | ||||||||
Impairment of goodwill and other intangible assets | — | — | — | ||||||||
Operating Income | 578 | 630 | 1,208 | ||||||||
Interest expense | (60 | ) | (59 | ) | (119 | ) | |||||
Other income (expense) | 47 | 10 | 57 | ||||||||
Income from Continuing Operations before Income Taxes | 565 | 581 | 1,146 | ||||||||
Income taxes | 164 | 165 | 329 | ||||||||
Income from Continuing Operations | 401 | 416 | 817 | ||||||||
Income (Loss) from Discontinued Operations | (47 | ) | 49 | 2 | |||||||
Net Income | $ | 354 | $ | 465 | $ | 819 | |||||
Income Per Share from Continuing Operations: | |||||||||||
Basic | $ | 0.89 | $ | 0.93 | $ | 1.81 | |||||
Diluted | $ | 0.88 | $ | 0.92 | $ | 1.80 | |||||
Income (Loss) Per Share from Discontinued Operations: | |||||||||||
Basic | $ | (0.10 | ) | $ | 0.11 | $ | — | ||||
Diluted | $ | (0.10 | ) | $ | 0.11 | $ | — | ||||
Net Income Per Share: | |||||||||||
Basic | $ | 0.78 | $ | 1.04 | $ | 1.82 | |||||
Diluted | $ | 0.78 | $ | 1.03 | $ | 1.81 | |||||
Shares of Common Stock Outstanding During the Period: | |||||||||||
Average | 451.7 | 449.6 | 450.7 | ||||||||
Average assuming dilution | 454.8 | 452.5 | 453.7 | ||||||||
Exhibit 99.1
ILLINOIS TOOL WORKS INC. and SUBSIDIARIES
2012 PRO FORMA STATEMENT OF INCOME RESTATED FOR DISCONTINUED OPERATIONS (UNAUDITED)
(In millions except per share amounts) | 2012 | ||||||||||||||||||
1Q | 2Q | 3Q | 4Q | YTD | |||||||||||||||
Operating Revenues | $ | 3,740 | $ | 3,834 | $ | 3,733 | $ | 3,484 | $ | 14,791 | |||||||||
Cost of revenues | 2,312 | 2,356 | 2,289 | 2,177 | 9,134 | ||||||||||||||
Selling, administrative, and research and development expenses | 751 | 743 | 713 | 721 | 2,928 | ||||||||||||||
Amortization of intangible assets | 62 | 66 | 62 | 62 | 252 | ||||||||||||||
Impairment of goodwill and other intangible assets | — | — | 2 | — | 2 | ||||||||||||||
Operating Income | 615 | 669 | 667 | 524 | 2,475 | ||||||||||||||
Interest expense | (50 | ) | (50 | ) | (52 | ) | (61 | ) | (213 | ) | |||||||||
Gain on sale of interest in Decorative Surfaces | — | — | — | 933 | 933 | ||||||||||||||
Other income (expense) | 9 | 21 | 1 | (20 | ) | 11 | |||||||||||||
Income from Continuing Operations before Income Taxes | 574 | 640 | 616 | 1,376 | 3,206 | ||||||||||||||
Income taxes | 164 | 183 | 171 | 455 | 973 | ||||||||||||||
Income from Continuing Operations | 410 | 457 | 445 | 921 | 2,233 | ||||||||||||||
Income (Loss) from Discontinued Operations | 76 | 424 | 79 | 58 | 637 | ||||||||||||||
Net Income | $ | 486 | $ | 881 | $ | 524 | $ | 979 | $ | 2,870 | |||||||||
Income Per Share from Continuing Operations: | |||||||||||||||||||
Basic | $ | 0.85 | $ | 0.97 | $ | 0.96 | $ | 2.00 | $ | 4.75 | |||||||||
Diluted | $ | 0.84 | $ | 0.96 | $ | 0.95 | $ | 1.99 | $ | 4.72 | |||||||||
Income (Loss) Per Share from Discontinued Operations: | |||||||||||||||||||
Basic | $ | 0.16 | $ | 0.90 | $ | 0.17 | $ | 0.12 | $ | 1.36 | |||||||||
Diluted | $ | 0.16 | $ | 0.89 | $ | 0.17 | $ | 0.12 | $ | 1.35 | |||||||||
Net Income Per Share: | |||||||||||||||||||
Basic | $ | 1.01 | $ | 1.86 | $ | 1.13 | $ | 2.13 | $ | 6.11 | |||||||||
Diluted | $ | 1.00 | $ | 1.85 | $ | 1.12 | $ | 2.11 | $ | 6.06 | |||||||||
Shares of Common Stock Outstanding During the Period: | |||||||||||||||||||
Average | 482.0 | 472.9 | 464.8 | 459.7 | 469.8 | ||||||||||||||
Average assuming dilution | 485.6 | 476.1 | 468.1 | 463.1 | 473.2 | ||||||||||||||