HON Q4 2019 Earnings Report — Honeywell International Inc. Revenue & Financial Results | Market Cap Arena

Honeywell International Inc.HON

Q4 2019 Earnings

Reported February 14, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2019	Q3 2019	Q4 2018	QoQ Change	YoY Change
Revenue	$9.5B	$9.1B	$9.7B	4.5%	-2.4%
Op. Income	$1.7B	$1.8B	$1.5B	-3.3%	11.5%
Gross Margin	33.4%	33.5%	31.3%	-0.2pp	2.1pp
Net Margin	16.4%	17.9%	17.7%	-1.4pp	-1.2pp
EPS (Diluted)	$2.16	$2.23	$2.31	-3.1%	-6.5%
Free Cash Flow	$2.3B	$1.3B	$1.3B	78.2%	81.9%

Revenue Flow

Item	Amount
REVENUE	$9.5B
Cost of Revenue	$6.3B
GROSS PROFIT	$3.2B
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	$7.8B
OPERATING INCOME	$1.7B
Interest Income	$61M
Interest Expense	$91M
Other Income/Expenses	$73M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$178M
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	$269M
EBIT	$1.9B
EBITDA	$2.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$9.5B
Cost of Revenue	$6.3B
GROSS PROFIT	$3.2B
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	$7.8B
OPERATING INCOME	$1.7B
Interest Income	$61M
Interest Expense	$91M
Other Income/Expenses	$73M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$178M
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	$269M
EBIT	$1.9B
EBITDA	$2.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$269M
Stock-Based Compensation	$41M
Deferred Income Tax	$477M
Other Non-Cash Items	-$423M
Change in Working Capital	$688M
OPERATING CASH FLOW	$2.6B
Capital Expenditure	-$335M
Acquisitions (Net)	-$46M
Purchases of Investments	-$1.0B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$141M
NET CASH FROM INVESTING	-$411M
Net Debt Issuance	-$2.8B
Common Stock Repurchased	-$750M
Common Dividends Paid	-$644M
Other Financing Activities	$66M
NET CASH FROM FINANCING	-$4.1B
FREE CASH FLOW	$2.3B
Net Change in Cash	-$1.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$9.1B
Short-Term Investments	$1.3B
Net Receivables	$7.5B
Inventory	$4.4B
Other Current Assets	$2.0B
TOTAL CURRENT ASSETS	$24.3B
PP&E (Net)	$5.3B
Goodwill	$15.6B
Intangible Assets	$3.7B
Long-Term Investments	$588M
Tax Assets	$86M
Other Non-Current Assets	$9.1B
TOTAL NON-CURRENT ASSETS	$34.4B
TOTAL ASSETS	$58.7B
Account Payables	$5.7B
Short-Term Debt	$4.9B
Deferred Revenue	$2.5B
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$18.1B
Long-Term Debt	$11.1B
Deferred Revenue NC	$1.3B
Deferred Tax Liabilities	$1.7B
Other Non-Current Liabilities	$7.2B
TOTAL NON-CURRENT LIABILITIES	$21.9B
TOTAL LIABILITIES	$40.0B
Common Stock	$958M
Additional Paid-In Capital	$6.9B
Retained Earnings	$37.7B
Treasury Stock	-$23.8B
Accum. Other Comp. Income	-$3.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$18.5B
Minority Interest	$219M
TOTAL EQUITY	$18.7B
TOTAL LIABILITIES & EQUITY	$58.7B
Total Debt	$16.7B
Net Debt	$7.6B