HON FY 2012 Earnings Report — Honeywell International Inc. Revenue & Financial Results | Market Cap Arena

Honeywell International Inc.HON

FY 2012 Earnings

Reported February 15, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$37.7B	—	$36.5B	—	3.1%
Op. Income	$4.2B	—	$2.6B	—	61.5%
Gross Margin	24.9%	—	21.8%	—	3.1pp
Net Margin	7.8%	—	5.7%	—	2.1pp
EPS (Diluted)	$3.69	—	$2.61	—	41.4%
Free Cash Flow	$2.6B	—	$2.0B	—	29.4%

Revenue Flow

Item	Amount
REVENUE	$37.7B
Cost of Revenue	$28.3B
GROSS PROFIT	$9.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$5.2B
SG&A Expenses	$5.2B
Other Expenses	$0
Operating Expenses	$5.2B
Cost & Expenses	$33.5B
OPERATING INCOME	$4.2B
Interest Income	$58M
Interest Expense	$351M
Other Income/Expenses	-$281M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$944M
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.9B
D&A	$926M
EBIT	$4.2B
EBITDA	$5.2B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$37.7B
Cost of Revenue	$28.3B
GROSS PROFIT	$9.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$5.2B
SG&A Expenses	$5.2B
Other Expenses	$0
Operating Expenses	$5.2B
Cost & Expenses	$33.5B
OPERATING INCOME	$4.2B
Interest Income	$58M
Interest Expense	$351M
Other Income/Expenses	-$281M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$944M
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.9B
D&A	$926M
EBIT	$4.2B
EBITDA	$5.2B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$2.9B
Depreciation & Amortization	$926M
Stock-Based Compensation	$170M
Deferred Income Tax	$84M
Other Non-Cash Items	-$131M
Change in Working Capital	-$458M
OPERATING CASH FLOW	$3.5B
Capital Expenditure	-$884M
Acquisitions (Net)	-$417M
Purchases of Investments	-$702M
Sales/Maturities of Investments	$559M
Other Investing Activities	$16M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	-$76M
Common Stock Repurchased	-$317M
Common Dividends Paid	-$1.2B
Other Financing Activities	$56M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$2.6B
Net Change in Cash	$936M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.6B
Short-Term Investments	$0
Net Receivables	$7.4B
Inventory	$4.2B
Other Current Assets	$1.3B
TOTAL CURRENT ASSETS	$17.6B
PP&E (Net)	$5.0B
Goodwill	$12.4B
Intangible Assets	$2.4B
Long-Term Investments	$424M
Tax Assets	$1.9B
Other Non-Current Assets	$2.1B
TOTAL NON-CURRENT ASSETS	$24.3B
TOTAL ASSETS	$41.9B
Account Payables	$4.7B
Short-Term Debt	$1.1B
Deferred Revenue	$2.1B
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$13.0B
Long-Term Debt	$6.4B
Deferred Revenue NC	$47M
Deferred Tax Liabilities	$628M
Other Non-Current Liabilities	$8.5B
TOTAL NON-CURRENT LIABILITIES	$15.6B
TOTAL LIABILITIES	$28.6B
Common Stock	$958M
Additional Paid-In Capital	$4.4B
Retained Earnings	$17.8B
Treasury Stock	-$8.8B
Accum. Other Comp. Income	-$1.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.0B
Minority Interest	$240M
TOTAL EQUITY	$13.2B
TOTAL LIABILITIES & EQUITY	$41.9B
Total Debt	$7.5B
Net Debt	$2.9B