Eaton was founded in 1911 and is headquartered in Cleveland, US

Chairman & CEO

Vice Chairman & CFO

Eaton has offices in Cleveland, Espoo, San Diego, Houston and in 175 other locations

Cleveland, US (HQ)

1111 Superior Avenue

Eaton's revenue was reported to be $4.8 b in Q1, 2017

USD

## Revenue (Q1, 2017) | 4.8 b |

## Gross profit (Q1, 2017) | 1.5 b |

## Gross profit margin (Q1, 2017), % | 32% |

## Net income (Q1, 2017) | 432 m |

## Market capitalization (25-Jul-2017) | 35.8 b |

## Cash (31-Mar-2017) | 222 m |

Eaton's current market capitalization is $35.8 b.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 22 b | 22.6 b | 20.9 b | 19.7 b |

## Revenue growth, % | 2% | (8%) | (5%) | |

## Cost of goods sold | 15.4 b | 15.6 b | 14.3 b | 13.4 b |

## Gross profit | 6.7 b | 6.9 b | 6.6 b | 6.3 b |

## Gross profit Margin, % | 30% | 31% | 31% | 32% |

## EBIT | 3.2 b | 3.3 b | 3.1 b | |

## EBIT margin, % | 14% | 15% | 15% | |

## Pre tax profit | 1.9 b | 1.8 b | 2.1 b | 2.1 b |

## Net Income | 1.9 b | 1.8 b | 2 b | 1.9 b |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 5.4 b | 5.2 b | 4.8 b | 5.1 b | 5 b | 4.8 b | |||

## Cost of goods sold | 3.7 b | 3.6 b | 3.3 b | 3.4 b | 3.4 b | 3.3 b | |||

## Gross profit | 1.7 b | 1.6 b | 1.5 b | 1.7 b | 1.6 b | 1.5 b | |||

## Gross profit Margin, % | 32% | 31% | 32% | 33% | 32% | 32% | |||

## Pre tax profit | 598 m | 487 m | 442 m | 553 m | 573 m | 464 m | |||

## Net Income | 172 m | 605 m | 467 m | 535 m | 445 m | 403 m | 492 m | 522 m | 432 m |

USD | Y, 2009^{} | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | Y, 2013^{} | Y, 2014^{} | Y, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 340 m | 333 m | 385 m | 577 m | 915 m | 781 m | 268 m | 543 m |

## Inventories | 415 m | 386 m | 369 m | 2.3 b | ||||

## Current Assets | 8.7 b | 8.1 b | 6.6 b | 6.9 b | ||||

## Goodwill | 14.5 b | 13.9 b | 13.5 b | 13.2 b | ||||

## Total Assets | 35.5 b | 33.5 b | 31 b | 30.4 b | ||||

## Accounts Payable | 2 b | 1.9 b | 1.8 b | 1.7 b | ||||

## Total Debt | 9.5 b | 9 b | 8 b | 8.3 b | ||||

## Current Liabilities | 4.9 b | 5.4 b | 4.6 b | 5.5 b | ||||

## Non-Current Liabilities | 13.7 b | 12.3 b | 11.2 b | 10 b | ||||

## Total Liabilities | 18.6 b | 17.7 b | 15.8 b | 15.5 b | ||||

## Additional Paid-in Capital | 11.5 b | 11.6 b | 11.7 b | 11.8 b | ||||

## Retained Earnings | 6.9 b | 7.1 b | 7.3 b | 7.5 b | ||||

## Total Equity | 16.9 b | 15.8 b | 15.2 b | 14.9 b | ||||

## Debt to Equity Ratio | 0.6 x | 0.6 x | 0.5 x | 0.6 x | ||||

## Debt to Assets Ratio | 0.3 x | 0.3 x | 0.3 x | 0.3 x | ||||

## Financial Leverage | 2.1 x | 2.1 x | 2 x | 2 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 631 m | 655 m | 663 m | 303 m | 418 m | 333 m | 323 m | 494 m | 222 m |

## Inventories | 2.5 b | 2.5 b | 2.4 b | 2.4 b | 2.4 b | 2.4 b | 2.3 b | 2.3 b | 2.3 b |

## Current Assets | 8.8 b | 8.4 b | 7.9 b | 7.6 b | 7.6 b | 7 b | 6.8 b | 7.1 b | 7 b |

## PP&E | 3.8 b | 3.7 b | 3.6 b | 3.7 b | 3.6 b | 3.6 b | 3.6 b | 3.5 b | |

## Goodwill | 14.4 b | 14.1 b | 13.5 b | 13.7 b | 13.5 b | 13.6 b | 13.5 b | 13.4 b | 13.3 b |

## Total Assets | 35.3 b | 34.2 b | 32.7 b | 32.6 b | 32.2 b | 31.6 b | 31.2 b | 31.2 b | 30.6 b |

## Accounts Payable | 2 b | 2 b | 2 b | 1.9 b | 2 b | 1.8 b | 1.8 b | 1.8 b | 1.9 b |

## Current Liabilities | 5.5 b | 5 b | 5.7 b | 5.1 b | 5.1 b | 5 b | 4.8 b | 4.6 b | 5.6 b |

## Non-Current Liabilities | 12.7 b | 12.6 b | 11.8 b | 11.7 b | 11.7 b | 11 b | 11 b | 11.2 b | 9.9 b |

## Total Equity | 17 b | 16.6 b | 15.3 b | 15.8 b | 15.4 b | 15.6 b | 15.4 b | 15.4 b | 15.2 b |

## Financial Leverage | 2.1 x | 2.1 x | 2.1 x | 2.1 x | 2.1 x | 2 x | 2 x | 2 x | 2 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 1.9 b | 1.8 b | 2 b | 1.9 b |

## Depreciation and Amortization | 997 m | 983 m | 925 m | 929 m |

## Inventories | (92 m) | (150 m) | (20 m) | 25 m |

## Accounts Payable | 86 m | 49 m | (120 m) | |

## Cash From Operating Activities | 2.3 b | 1.9 b | 2.4 b | 2.6 b |

## Cash From Investing Activities | (202 m) | 143 m | (575 m) | (529 m) |

## Dividends Paid | (796 m) | (929 m) | (1 b) | (1 b) |

## Cash From Financing Activities | (1.7 b) | (2.1 b) | (2.3 b) | (1.7 b) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 172 m | 605 m | 467 m | 535 m | 445 m | 403 m | 492 m | 522 m | 432 m |

## Inventories | 2.5 b | 2.5 b | 2.4 b | 2.4 b | 2.4 b | 2.4 b | 2.3 b | 2.3 b | 2.3 b |

## Accounts Payable | 2 b | 2 b | 2 b | 1.9 b | 2 b | 1.8 b | 1.8 b | 1.8 b | 1.9 b |

Y, 2017 | |
---|---|

## Financial Leverage | 2 x |

Source: 155 public H-1B filings from Eaton