W.W. Grainger Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1994
Revenue	16,478	15,228	13,022	11,797	11,486	Upgrade
Revenue Growth (YoY)	8.21%	16.94%	10.38%	2.71%	2.36%	Upgrade
Cost of Revenue	9,982	9,379	8,302	7,559	7,089	Upgrade
Gross Profit	6,496	5,849	4,720	4,238	4,397	Upgrade
Selling, General & Admin	3,931	3,634	3,173	3,219	3,135	Upgrade
Operating Expenses	3,931	3,634	3,173	3,219	3,135	Upgrade
Operating Income	2,565	2,215	1,547	1,019	1,262	Upgrade
Interest Expense / Income	93	93	87	93	79	Upgrade
Other Expense / Income	46	42	46	39	20	Upgrade
Pretax Income	2,426	2,080	1,414	887	1,163	Upgrade
Income Tax	597	533	371	192	314	Upgrade
Net Income	1,829	1,547	1,043	695	849	Upgrade
Net Income Growth	18.23%	48.32%	50.07%	-18.14%	8.57%	Upgrade
Shares Outstanding (Basic)	50	51	52	54	55	Upgrade
Shares Outstanding (Diluted)	50	51	52	54	55	Upgrade
Shares Change	-1.96%	-2.11%	-2.79%	-2.19%	-2.83%	Upgrade
EPS (Basic)	36.39	30.22	19.94	12.88	15.39	Upgrade
EPS (Diluted)	36.23	30.06	19.84	12.82	15.32	Upgrade
EPS Growth	20.53%	51.51%	54.76%	-16.32%	11.58%	Upgrade
Free Cash Flow	1,586	1,077	682	926	821	Upgrade
Free Cash Flow Per Share	31.78	21.16	13.14	17.31	15.01	Upgrade
Dividend Per Share	7.300	6.780	6.390	5.940	5.680	Upgrade
Dividend Growth	7.67%	6.10%	7.58%	4.58%	5.97%	Upgrade
Gross Margin	39.42%	38.41%	36.25%	35.92%	38.28%	Upgrade
Operating Margin	15.57%	14.55%	11.88%	8.64%	10.99%	Upgrade
Profit Margin	11.10%	10.16%	8.01%	5.89%	7.39%	Upgrade
Free Cash Flow Margin	9.62%	7.07%	5.24%	7.85%	7.15%	Upgrade
Effective Tax Rate	24.61%	25.62%	26.24%	21.65%	27.00%	Upgrade
EBITDA	2,809	2,448	1,738	1,162	1,471	Upgrade
EBITDA Margin	17.05%	16.08%	13.35%	9.85%	12.81%	Upgrade
Depreciation & Amortization	290	275	237	182	229	Upgrade
EBIT	2,519	2,173	1,501	980	1,242	Upgrade
EBIT Margin	15.29%	14.27%	11.53%	8.31%	10.81%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).