HON Q3 2017 Earnings Report — Honeywell International Inc. Revenue & Financial Results | Market Cap Arena

Honeywell International Inc.HON

Q3 2017 Earnings

Reported October 20, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2017	Q2 2017	Q3 2016	QoQ Change	YoY Change
Revenue	$10.1B	$10.1B	—	0.4%	—
Op. Income	$1.5B	$1.6B	—	-3.4%	—
Gross Margin	30.3%	30.3%	—	-0.0pp	—
Net Margin	13.3%	13.8%	—	-0.5pp	—
EPS (Diluted)	$1.74	$1.80	—	-3.3%	—
Free Cash Flow	$1.2B	$1.2B	—	-1.6%	—

Revenue Flow

Item	Amount
REVENUE	$10.1B
Cost of Revenue	$7.1B
GROSS PROFIT	$3.1B
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	$8.6B
OPERATING INCOME	$1.5B
Interest Income	$39M
Interest Expense	$81M
Other Income/Expenses	$235M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$416M
Net Income from Continuing Ops	$1.4B
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	$285M
EBIT	$1.9B
EBITDA	$2.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$10.1B
Cost of Revenue	$7.1B
GROSS PROFIT	$3.1B
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	$8.6B
OPERATING INCOME	$1.5B
Interest Income	$39M
Interest Expense	$81M
Other Income/Expenses	$235M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$416M
Net Income from Continuing Ops	$1.4B
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	$285M
EBIT	$1.9B
EBITDA	$2.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$285M
Stock-Based Compensation	$39M
Deferred Income Tax	$16M
Other Non-Cash Items	-$143M
Change in Working Capital	-$138M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$212M
Acquisitions (Net)	-$57M
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$952M
Other Investing Activities	-$62M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	-$17M
Common Stock Repurchased	-$343M
Common Dividends Paid	-$505M
Other Financing Activities	$61M
NET CASH FROM FINANCING	-$804M
FREE CASH FLOW	$1.2B
Net Change in Cash	-$488M

Balance Sheet

Item	Amount
Cash & Equivalents	$7.4B
Short-Term Investments	$2.8B
Net Receivables	$8.6B
Inventory	$4.8B
Other Current Assets	$1.1B
TOTAL CURRENT ASSETS	$24.6B
PP&E (Net)	$5.8B
Goodwill	$18.3B
Intangible Assets	$4.6B
Long-Term Investments	$643M
Tax Assets	$264M
Other Non-Current Assets	$2.6B
TOTAL NON-CURRENT ASSETS	$32.1B
TOTAL ASSETS	$56.8B
Account Payables	$6.1B
Short-Term Debt	$5.3B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$18.2B
Long-Term Debt	$11.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$300M
Other Non-Current Liabilities	$5.6B
TOTAL NON-CURRENT LIABILITIES	$17.3B
TOTAL LIABILITIES	$35.5B
Common Stock	$958M
Additional Paid-In Capital	$6.1B
Retained Earnings	$31.2B
Treasury Stock	-$14.4B
Accum. Other Comp. Income	-$2.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$21.1B
Minority Interest	$157M
TOTAL EQUITY	$21.2B
TOTAL LIABILITIES & EQUITY	$56.8B
Total Debt	$16.8B
Net Debt	$9.4B