HON FY 2013 Earnings Report — Honeywell International Inc. Revenue & Financial Results | Market Cap Arena

Honeywell International Inc.HON

FY 2013 Earnings

Reported February 14, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$39.1B	—	$37.7B	—	3.7%
Op. Income	$5.5B	—	$4.2B	—	32.4%
Gross Margin	27.4%	—	24.9%	—	2.5pp
Net Margin	10.0%	—	7.8%	—	2.3pp
EPS (Diluted)	$4.92	—	$3.69	—	33.3%
Free Cash Flow	$3.4B	—	$2.6B	—	28.7%

Revenue Flow

Item	Amount
REVENUE	$39.1B
Cost of Revenue	$28.4B
GROSS PROFIT	$10.7B
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	$33.6B
OPERATING INCOME	$5.5B
Interest Income	$69M
Interest Expense	$327M
Other Income/Expenses	-$89M
INCOME BEFORE TAX	$5.4B
Income Tax Expense	$1.4B
Net Income from Continuing Ops	$4.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.9B
D&A	$989M
EBIT	$5.7B
EBITDA	$6.7B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$39.1B
Cost of Revenue	$28.4B
GROSS PROFIT	$10.7B
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	$33.6B
OPERATING INCOME	$5.5B
Interest Income	$69M
Interest Expense	$327M
Other Income/Expenses	-$89M
INCOME BEFORE TAX	$5.4B
Income Tax Expense	$1.4B
Net Income from Continuing Ops	$4.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.9B
D&A	$989M
EBIT	$5.7B
EBITDA	$6.7B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$3.9B
Depreciation & Amortization	$989M
Stock-Based Compensation	$170M
Deferred Income Tax	$262M
Other Non-Cash Items	-$416M
Change in Working Capital	-$594M
OPERATING CASH FLOW	$4.3B
Capital Expenditure	-$947M
Acquisitions (Net)	-$1.1B
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	$216M
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$456M
Common Stock Repurchased	-$1.1B
Common Dividends Paid	-$1.4B
Other Financing Activities	$1.5B
NET CASH FROM FINANCING	-$433M
FREE CASH FLOW	$3.4B
Net Change in Cash	$1.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.4B
Short-Term Investments	$0
Net Receivables	$7.9B
Inventory	$4.3B
Other Current Assets	$2.5B
TOTAL CURRENT ASSETS	$21.2B
PP&E (Net)	$5.3B
Goodwill	$13.0B
Intangible Assets	$2.5B
Long-Term Investments	$393M
Tax Assets	$368M
Other Non-Current Assets	$2.7B
TOTAL NON-CURRENT ASSETS	$24.3B
TOTAL ASSETS	$45.4B
Account Payables	$5.2B
Short-Term Debt	$2.0B
Deferred Revenue	$2.2B
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$14.2B
Long-Term Debt	$6.8B
Deferred Revenue NC	$44M
Deferred Tax Liabilities	$804M
Other Non-Current Liabilities	$5.9B
TOTAL NON-CURRENT LIABILITIES	$13.5B
TOTAL LIABILITIES	$27.7B
Common Stock	$958M
Additional Paid-In Capital	$4.7B
Retained Earnings	$20.4B
Treasury Stock	-$9.4B
Accum. Other Comp. Income	$818M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$17.5B
Minority Interest	$279M
TOTAL EQUITY	$17.7B
TOTAL LIABILITIES & EQUITY	$45.4B
Total Debt	$8.8B
Net Debt	$2.4B