# ILLINOIS TOOL WORKS INC (ITW) FY2024 YTD Q3 Statement of Cash Flows

- Company: ILLINOIS TOOL WORKS INC (ITW)
- Period: 2024-01-01 to 2024-09-30
- Filing: Q3 FY2024 10-Q, filed 2024-10-30, accession number 0000049826-24-000048
- Page: https://plicit.ai/financials/itw/fy2024-ytd-q3-cash-flow
- Chart image: https://plicit.ai/charts/itw-fy2024-ytd-q3-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2023**: 1,065,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 2,167,000,000 US dollars. Net cash provided.
- **Depreciation**: 224,000,000 US dollars
- **Trade receivables**: negative 93,000,000 US dollars
- **Amortization and impairment of intangible assets**: 76,000,000 US dollars
- **Income taxes**: negative 94,000,000 US dollars
- **Cumulative effect of change in inventory accounting method**: negative 117,000,000 US dollars
- **Inventories**: 22,000,000 US dollars
- **Change in deferred income taxes**: negative 166,000,000 US dollars
- **Net Income**: 2,738,000,000 US dollars
- **Accounts payable**: negative 29,000,000 US dollars
- **Other, net**: 0 US dollars
- **Net provision for (recoveries of) uncollectible accounts**: negative 2,000,000 US dollars
- **Prepaid expenses and other assets**: negative 29,000,000 US dollars
- **Other non-cash items, net**: 4,000,000 US dollars
- **Stock-based compensation expense**: 48,000,000 US dollars
- **Accrued expenses and other liabilities**: negative 51,000,000 US dollars
- **(Gain) loss on sale of plant and equipment**: negative 1,000,000 US dollars
- **Gain on sale of noncontrolling interest in Wilsonart International Holdings LLC**: negative 363,000,000 US dollars
- **(Gain) loss on sale of operations and affiliates**: 0 US dollars
- **(Income) loss from investments**: 0 US dollars
- **Investing activities**: negative 27,000,000 US dollars. Net cash used.
- **Additions to plant and equipment**: negative 319,000,000 US dollars
- **Proceeds from sale of plant and equipment**: 10,000,000 US dollars
- **Proceeds from investments**: 10,000,000 US dollars
- **Other, net**: negative 8,000,000 US dollars
- **Acquisition of businesses (excluding cash and equivalents)**: negative 115,000,000 US dollars
- **Proceeds from sale of operations and affiliates**: 0 US dollars
- **Proceeds from sale of noncontrolling interest in Wilsonart International Holdings LLC**: 395,000,000 US dollars
- **Financing activities**: negative 2,246,000,000 US dollars. Net cash used.
- **Issuance of common stock**: 43,000,000 US dollars
- **Net proceeds from (repayments of) debt with original maturities of three months or less**: negative 199,000,000 US dollars
- **Repurchases of common stock**: negative 1,125,000,000 US dollars
- **Repayments of debt with original maturities of more than three months**: negative 1,295,000,000 US dollars
- **Proceeds from debt with original maturities of more than three months**: 1,606,000,000 US dollars
- **Cash dividends paid**: negative 1,252,000,000 US dollars
- **Other, net**: negative 24,000,000 US dollars
- **Operating adjustment reconciliation**: 945,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 3,895,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 442,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: negative 12,000,000 US dollars
- **Ending cash on Sep 30, 2024**: 947,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 3,232,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: negative 118,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 0.79×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- **Operating cash flow**: 2,167,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 319,000,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 1,848,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income exceeds operating cash. The diagram allocates $2.17B of net income directly to operating cash and $571.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 2,167,000,000 US dollars minus 319,000,000 US dollars equals 1,848,000,000 US dollars.