Snap-on Incorporated - Consolidated Statements of Earnings $ S (Amounts in millions, excepr per share data) Net sales Cost of goods sold Gross profit Operating expenses Operating earnings before financial services 2019 3,730.0 (1.886.0) 1.844.0 (1.127.6) 716.4 2018 3,740.7 (1.870.7) 1.870.0 (1.144.0) 726.0 2017 3,686.9 (1.861.0) 1,825.9 (1.161.3) 664.6 Financial services revenue Financial services expenses Operating earnings from financial services 337.7 (91.8) 245.9 329.7 (99.6) 230.1 313.4 (95.9) 217.5 962.3 (49.0) 8.8 Operating eamings Interest expense Other income (expense)-net Earnings before income taxes and equity earnings Income tax expense Earnings before equity earnings Equity earnings, net of tax Net earnings Net earnings attributable to noncontrolling interests Net earnings attributable to Snap-on Incorporated 956.1 (50.4) 4.2 909.9 (214.4) 695.5 9221 882.1 (52.4) (7.8) 821.9 (250.9) 571.0 1.2 572.2 0.7 (211.8) 710.3 0.9 711.2 (17.7) 693.5 696.2 (16.3) 679.9 $ S 557.7 Net earnings per share attributable to Snap-on Incorporated: Basic Diluted $ $ S 12.59 12.41 12.08 11.87 9.72 9.52 Weighted average shares outstanding: Basic Effect of dilutive securities Diluted 1 5 55. 0.8 55.9 6.3 1.0 57. 57.4 1.2 8.6 3 5 See Notes to Consolidated Financial Statements. Snap-on Incorporated - Consolidated Balance Sheets Fiscal Year End ASSETS Current Cash and cash equivalents Trade and other accounts receivable-net Finance receivables-net Contract receivables-net Inventories-net Prepaid expenses and other assets Total current assets 1909 26 SIRES 18455 6946 S101 100,7 7004 1102 2105 6738 923 222169 5215 195.1 556 521 1.1015 1,0944 W ! 91 2419 9022 2129 420 $11711 5.693 55 Property and equipment-met Operating lease right-of-use assets Deferred income tax assets Long-term finance receivables - net Long-term contract receivables-net Goodwill Other intangibles-net Other assets Total assets LIABILITIES AND EQUITY Current liabilities Notes payable Accounts payable Accrued benefits Accrued compensation Franchisee deposits Other accrued liabilities Total current liabilities 2000 5 195 513 1163 2011 520 $19 370.8 9476 675 376 9520 9460 Long-term debt Deferred income tax liabilities Retiree health care benefits Pension liabilities Operating lease lisbilities Other long-term liabilities Total liabilities 9469 693 116 1221 41 4 3. 1713 1057 22627 1120 222545 Commitments and contingencies (Note 15) Equity Shareholders' equity attributable to Snap-on Incorporated Preferred stock (authorized 15.000.000 shares of Si par value mongoutstanding) Common stock (authorized 250,000,000 shares of Si par value issued 67,423,106 and 67,415,091 shares, respectively) Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock al cost (12,772. 2 and 11.804 310 shares, respectively) Total shareholders' equity attributable to Snap-on Incorporated Noncontrolling interests Touloquity Total liabilities and equity See Notes to Consolidated Financial Statements 674 3791 4.779.7 (5079) (3092) 3.409.1 217 1403 SS 674 359.4 43576 (4620 (1234 39 ST 2019 ANNUAL REPORT Neapon lamp - C ated States 2019 2018 2017 Operating activities Adjustments to reconcile nel caminstone can provided by Phov for e n finance cales Defence Lowo w Locate Trade Cros how Med Netcash vided by p ingat 574. Ingingat Add to Collectives of finance r 3.6) be abies 41.9) 7543 .) 3.0) T27 Acquisitions of cash acquired Disposal of p arty and CO Net cashed by investing activities 6457.) (1500) Financing the Predam op die Repayments of long-term debi Proceeds from Reymon payable Notre in other short-term bowing Cash dividends paid Push oftar stock Proceeds from u p plus 14 Nel cas y ning ati Effect of share changes and have Inc in cash and chequivalen Cash and chival bening of you Cash and can give year Suplacu disc Calaf Nel caso 163) S 51.5 S 13 981) Allows for full Fiew 's C Snapon LLC r ew on sales of con of Suppl designs extended m e d customer work and to certain other y income on Snap On calls wages payable "accrued compensation." If its wage year was $1.4 billion how much did it pay to its workers during the year? Snap-On calls wages payable "accrued compensation." If its wage expense for year was $1.4 billion how much did it pay to its workers during the year? Snap-on Incorporated - Consolidated Statements of Earnings $ S (Amounts in millions, excepr per share data) Net sales Cost of goods sold Gross profit Operating expenses Operating earnings before financial services 2019 3,730.0 (1.886.0) 1.844.0 (1.127.6) 716.4 2018 3,740.7 (1.870.7) 1.870.0 (1.144.0) 726.0 2017 3,686.9 (1.861.0) 1,825.9 (1.161.3) 664.6 Financial services revenue Financial services expenses Operating earnings from financial services 337.7 (91.8) 245.9 329.7 (99.6) 230.1 313.4 (95.9) 217.5 962.3 (49.0) 8.8 Operating eamings Interest expense Other income (expense)-net Earnings before income taxes and equity earnings Income tax expense Earnings before equity earnings Equity earnings, net of tax Net earnings Net earnings attributable to noncontrolling interests Net earnings attributable to Snap-on Incorporated 956.1 (50.4) 4.2 909.9 (214.4) 695.5 9221 882.1 (52.4) (7.8) 821.9 (250.9) 571.0 1.2 572.2 0.7 (211.8) 710.3 0.9 711.2 (17.7) 693.5 696.2 (16.3) 679.9 $ S 557.7 Net earnings per share attributable to Snap-on Incorporated: Basic Diluted $ $ S 12.59 12.41 12.08 11.87 9.72 9.52 Weighted average shares outstanding: Basic Effect of dilutive securities Diluted 1 5 55. 0.8 55.9 6.3 1.0 57. 57.4 1.2 8.6 3 5 See Notes to Consolidated Financial Statements. Snap-on Incorporated - Consolidated Balance Sheets Fiscal Year End ASSETS Current Cash and cash equivalents Trade and other accounts receivable-net Finance receivables-net Contract receivables-net Inventories-net Prepaid expenses and other assets Total current assets 1909 26 SIRES 18455 6946 S101 100,7 7004 1102 2105 6738 923 222169 5215 195.1 556 521 1.1015 1,0944 W ! 91 2419 9022 2129 420 $11711 5.693 55 Property and equipment-met Operating lease right-of-use assets Deferred income tax assets Long-term finance receivables - net Long-term contract receivables-net Goodwill Other intangibles-net Other assets Total assets LIABILITIES AND EQUITY Current liabilities Notes payable Accounts payable Accrued benefits Accrued compensation Franchisee deposits Other accrued liabilities Total current liabilities 2000 5 195 513 1163 2011 520 $19 370.8 9476 675 376 9520 9460 Long-term debt Deferred income tax liabilities Retiree health care benefits Pension liabilities Operating lease lisbilities Other long-term liabilities Total liabilities 9469 693 116 1221 41 4 3. 1713 1057 22627 1120 222545 Commitments and contingencies (Note 15) Equity Shareholders' equity attributable to Snap-on Incorporated Preferred stock (authorized 15.000.000 shares of Si par value mongoutstanding) Common stock (authorized 250,000,000 shares of Si par value issued 67,423,106 and 67,415,091 shares, respectively) Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock al cost (12,772. 2 and 11.804 310 shares, respectively) Total shareholders' equity attributable to Snap-on Incorporated Noncontrolling interests Touloquity Total liabilities and equity See Notes to Consolidated Financial Statements 674 3791 4.779.7 (5079) (3092) 3.409.1 217 1403 SS 674 359.4 43576 (4620 (1234 39 ST 2019 ANNUAL REPORT Neapon lamp - C ated States 2019 2018 2017 Operating activities Adjustments to reconcile nel caminstone can provided by Phov for e n finance cales Defence Lowo w Locate Trade Cros how Med Netcash vided by p ingat 574. Ingingat Add to Collectives of finance r 3.6) be abies 41.9) 7543 .) 3.0) T27 Acquisitions of cash acquired Disposal of p arty and CO Net cashed by investing activities 6457.) (1500) Financing the Predam op die Repayments of long-term debi Proceeds from Reymon payable Notre in other short-term bowing Cash dividends paid Push oftar stock Proceeds from u p plus 14 Nel cas y ning ati Effect of share changes and have Inc in cash and chequivalen Cash and chival bening of you Cash and can give year Suplacu disc Calaf Nel caso 163) S 51.5 S 13 981) Allows for full Fiew 's C Snapon LLC r ew on sales of con of Suppl designs extended m e d customer work and to certain other y income on Snap On calls wages payable "accrued compensation." If its wage year was $1.4 billion how much did it pay to its workers during the year? Snap-On calls wages payable "accrued compensation." If its wage expense for year was $1.4 billion how much did it pay to its workers during the year