Stock Analysis on Net

Sherwin-Williams Co. (NYSE:SHW)

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Sherwin-Williams Co., consolidated income statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net sales 23,098,500 23,051,900 22,148,900 19,944,600 18,361,700
Cost of goods sold (11,903,400) (12,293,800) (12,823,800) (11,401,900) (9,679,100)
Gross profit 11,195,100 10,758,100 9,325,100 8,542,700 8,682,600
Selling, general and administrative expenses (7,422,100) (7,065,400) (6,331,600) (5,882,000) (5,791,300)
Provisions for environmental matters, net 1,300 (80,700) 7,100 4,000 (37,100)
Gain (loss) on divestiture of business 20,100 (111,900)
Gain (loss) on sale or disposition of assets 49,900 (900) 17,800 6,100 9,400
Other (12,400) (5,600)
Other general income (expense), net 38,800 (67,100) 24,900 (101,800) (27,700)
Impairment (57,900) (15,500) (2,300)
Operating income 3,811,800 3,567,700 3,002,900 2,558,900 2,861,300
Interest expense (415,700) (417,500) (390,800) (334,700) (340,400)
Interest income 11,000 25,200 8,000 4,900 3,600
Investment gains (losses) 16,900 22,900 (9,700) 30,400 16,400
Gain (loss) on extinguishment of debt (12,800) 1,400 (21,300)
Net expense from banking activities (15,700) (15,000) (12,200) (10,300) (10,400)
Foreign currency transaction related losses, net (3,900) (80,500) (33,600) (12,000) (7,200)
Miscellaneous pension and benefit income (expense) 13,100 21,100 (4,000) (4,400) (4,900)
Other income 69,800 48,500 39,600 29,000 44,700
Other expense (35,500) (49,700) (27,100) (14,600) (22,600)
Other income (expense), net 44,700 (65,500) (47,000) 19,500 (5,300)
Income before income taxes 3,451,800 3,109,900 2,573,100 2,248,600 2,519,200
Income taxes (770,400) (721,100) (553,000) (384,200) (488,800)
Net income 2,681,400 2,388,800 2,020,100 1,864,400 2,030,400

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Sherwin-Williams Co. net sales increased from 2022 to 2023 and from 2023 to 2024.
Operating income The net result for the period of deducting operating expenses from operating revenues. Sherwin-Williams Co. operating income increased from 2022 to 2023 and from 2023 to 2024.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Sherwin-Williams Co. income before income taxes increased from 2022 to 2023 and from 2023 to 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Sherwin-Williams Co. net income increased from 2022 to 2023 and from 2023 to 2024.