HON Q2 2018 Earnings Report — Honeywell International Inc. Revenue & Financial Results | Market Cap Arena

Honeywell International Inc.HON

Q2 2018 Earnings

Reported July 20, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$10.9B	$10.4B	$10.1B	5.1%	8.3%
Op. Income	$1.8B	$1.7B	$1.6B	3.0%	11.2%
Gross Margin	30.3%	30.8%	30.3%	-0.5pp	-0.0pp
Net Margin	11.6%	13.8%	13.8%	-2.2pp	-2.2pp
EPS (Diluted)	$1.68	$1.89	$1.80	-11.1%	-6.7%
Free Cash Flow	$1.7B	$996M	$1.2B	66.9%	36.9%

Revenue Flow

Item	Amount
REVENUE	$10.9B
Cost of Revenue	$7.6B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$9.1B
OPERATING INCOME	$1.8B
Interest Income	$49M
Interest Expense	$95M
Other Income/Expenses	$221M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$718M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$288M
EBIT	$2.1B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$10.9B
Cost of Revenue	$7.6B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$9.1B
OPERATING INCOME	$1.8B
Interest Income	$49M
Interest Expense	$95M
Other Income/Expenses	$221M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$718M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$288M
EBIT	$2.1B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$288M
Stock-Based Compensation	$38M
Deferred Income Tax	$68M
Other Non-Cash Items	-$110M
Change in Working Capital	$310M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$199M
Acquisitions (Net)	$1M
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$1.7B
Other Investing Activities	$343M
NET CASH FROM INVESTING	$611M
Net Debt Issuance	-$779M
Common Stock Repurchased	-$764M
Common Dividends Paid	-$560M
Other Financing Activities	$65M
NET CASH FROM FINANCING	-$2.0B
FREE CASH FLOW	$1.7B
Net Change in Cash	$185M

Balance Sheet

Item	Amount
Cash & Equivalents	$8.1B
Short-Term Investments	$1.8B
Net Receivables	$8.6B
Inventory	$4.8B
Other Current Assets	$1.5B
TOTAL CURRENT ASSETS	$24.8B
PP&E (Net)	$6.0B
Goodwill	$18.1B
Intangible Assets	$4.3B
Long-Term Investments	$897M
Tax Assets	$355M
Other Non-Current Assets	$5.5B
TOTAL NON-CURRENT ASSETS	$35.1B
TOTAL ASSETS	$59.9B
Account Payables	$6.8B
Short-Term Debt	$4.6B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$18.0B
Long-Term Debt	$12.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.8B
Other Non-Current Liabilities	$8.8B
TOTAL NON-CURRENT LIABILITIES	$24.1B
TOTAL LIABILITIES	$42.1B
Common Stock	$958M
Additional Paid-In Capital	$6.3B
Retained Earnings	$30.1B
Treasury Stock	-$17.6B
Accum. Other Comp. Income	-$2.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$17.6B
Minority Interest	$178M
TOTAL EQUITY	$17.8B
TOTAL LIABILITIES & EQUITY	$59.9B
Total Debt	$17.1B
Net Debt	$9.0B