HON FY 2014 Earnings Report — Honeywell International Inc. Revenue & Financial Results | Market Cap Arena

Honeywell International Inc.HON

FY 2014 Earnings

Reported February 13, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$40.3B	—	$39.1B	—	3.2%
Op. Income	$5.8B	—	$5.5B	—	6.0%
Gross Margin	28.2%	—	27.4%	—	0.8pp
Net Margin	10.5%	—	10.0%	—	0.5pp
EPS (Diluted)	$5.33	—	$4.92	—	8.3%
Free Cash Flow	$3.9B	—	$3.4B	—	16.0%

Revenue Flow

Item	Amount
REVENUE	$40.3B
Cost of Revenue	$29.0B
GROSS PROFIT	$11.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$5.5B
SG&A Expenses	$5.5B
Other Expenses	$0
Operating Expenses	$5.5B
Cost & Expenses	$34.5B
OPERATING INCOME	$5.8B
Interest Income	$102M
Interest Expense	$318M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$5.8B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$4.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.2B
D&A	$924M
EBIT	$6.1B
EBITDA	$7.1B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$40.3B
Cost of Revenue	$29.0B
GROSS PROFIT	$11.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$5.5B
SG&A Expenses	$5.5B
Other Expenses	$0
Operating Expenses	$5.5B
Cost & Expenses	$34.5B
OPERATING INCOME	$5.8B
Interest Income	$102M
Interest Expense	$318M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$5.8B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$4.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.2B
D&A	$924M
EBIT	$6.1B
EBITDA	$7.1B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$4.2B
Depreciation & Amortization	$924M
Stock-Based Compensation	$187M
Deferred Income Tax	$132M
Other Non-Cash Items	-$694M
Change in Working Capital	$236M
OPERATING CASH FLOW	$5.0B
Capital Expenditure	-$1.1B
Acquisitions (Net)	$156M
Purchases of Investments	-$4.1B
Sales/Maturities of Investments	$3.3B
Other Investing Activities	-$152M
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	-$203M
Common Stock Repurchased	-$924M
Common Dividends Paid	-$1.5B
Other Financing Activities	$100M
NET CASH FROM FINANCING	-$2.3B
FREE CASH FLOW	$3.9B
Net Change in Cash	$537M

Balance Sheet

Item	Amount
Cash & Equivalents	$7.0B
Short-Term Investments	$0
Net Receivables	$8.0B
Inventory	$4.4B
Other Current Assets	$2.9B
TOTAL CURRENT ASSETS	$22.2B
PP&E (Net)	$5.4B
Goodwill	$12.8B
Intangible Assets	$2.2B
Long-Term Investments	$465M
Tax Assets	$404M
Other Non-Current Assets	$2.0B
TOTAL NON-CURRENT ASSETS	$23.3B
TOTAL ASSETS	$45.5B
Account Payables	$5.4B
Short-Term Debt	$2.6B
Deferred Revenue	$2.1B
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$14.8B
Long-Term Debt	$6.0B
Deferred Revenue NC	$93M
Deferred Tax Liabilities	$236M
Other Non-Current Liabilities	$6.3B
TOTAL NON-CURRENT LIABILITIES	$12.7B
TOTAL LIABILITIES	$27.4B
Common Stock	$958M
Additional Paid-In Capital	$5.0B
Retained Earnings	$23.1B
Treasury Stock	-$10.0B
Accum. Other Comp. Income	-$1.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$17.7B
Minority Interest	$346M
TOTAL EQUITY	$18.0B
TOTAL LIABILITIES & EQUITY	$45.5B
Total Debt	$8.7B
Net Debt	$1.7B