HON Q3 2019 Earnings Report — Honeywell International Inc. Revenue & Financial Results | Market Cap Arena

Honeywell International Inc.HON

Q3 2019 Earnings

Reported October 17, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2019	Q2 2019	Q3 2018	QoQ Change	YoY Change
Revenue	$9.1B	$9.2B	$10.8B	-1.7%	-15.6%
Op. Income	$1.8B	$1.8B	$1.7B	-0.6%	4.2%
Gross Margin	33.5%	34.1%	29.8%	-0.5pp	3.8pp
Net Margin	17.9%	16.7%	21.7%	1.2pp	-3.9pp
EPS (Diluted)	$2.23	$2.10	$3.11	6.2%	-28.3%
Free Cash Flow	$1.3B	$1.5B	$1.7B	-15.1%	-24.5%

Revenue Flow

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$6.0B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.3B
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$7.3B
OPERATING INCOME	$1.8B
Interest Income	$64M
Interest Expense	$96M
Other Income/Expenses	$215M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$319M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$263M
EBIT	$2.1B
EBITDA	$2.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$6.0B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.3B
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$7.3B
OPERATING INCOME	$1.8B
Interest Income	$64M
Interest Expense	$96M
Other Income/Expenses	$215M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$319M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$263M
EBIT	$2.1B
EBITDA	$2.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$263M
Stock-Based Compensation	$37M
Deferred Income Tax	-$342M
Other Non-Cash Items	-$50M
Change in Working Capital	-$61M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$192M
Acquisitions (Net)	$27M
Purchases of Investments	-$944M
Sales/Maturities of Investments	$1.2B
Other Investing Activities	$175M
NET CASH FROM INVESTING	$221M
Net Debt Issuance	$2.7B
Common Stock Repurchased	-$1.0B
Common Dividends Paid	-$595M
Other Financing Activities	-$40M
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	$1.3B
Net Change in Cash	$2.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$10.9B
Short-Term Investments	$1.5B
Net Receivables	$7.6B
Inventory	$4.6B
Other Current Assets	$1.6B
TOTAL CURRENT ASSETS	$26.2B
PP&E (Net)	$5.2B
Goodwill	$15.4B
Intangible Assets	$3.8B
Long-Term Investments	$631M
Tax Assets	$241M
Other Non-Current Assets	$8.6B
TOTAL NON-CURRENT ASSETS	$33.9B
TOTAL ASSETS	$60.1B
Account Payables	$5.5B
Short-Term Debt	$7.5B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$19.9B
Long-Term Debt	$11.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.4B
Other Non-Current Liabilities	$9.4B
TOTAL NON-CURRENT LIABILITIES	$21.9B
TOTAL LIABILITIES	$41.8B
Common Stock	$958M
Additional Paid-In Capital	$6.8B
Retained Earnings	$36.8B
Treasury Stock	-$23.1B
Accum. Other Comp. Income	-$3.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$18.1B
Minority Interest	$204M
TOTAL EQUITY	$18.3B
TOTAL LIABILITIES & EQUITY	$60.1B
Total Debt	$18.6B
Net Debt	$7.7B