HON Q4 2021 Earnings Report — Honeywell International Inc. Revenue & Financial Results | Market Cap Arena

Honeywell International Inc.HON

Q4 2021 Earnings

Reported February 11, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$8.7B	—	$8.9B	—	-2.7%
Op. Income	$1.5B	—	$1.7B	—	-9.4%
Gross Margin	31.4%	—	32.9%	—	-1.4pp
Net Margin	16.5%	—	15.3%	—	1.2pp
EPS (Diluted)	$2.05	—	$1.91	—	7.3%
Free Cash Flow	$2.4B	—	$2.5B	—	-4.4%

Revenue Flow

Item	Amount
REVENUE	$8.7B
Cost of Revenue	$5.9B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$7.1B
OPERATING INCOME	$1.5B
Interest Income	$32M
Interest Expense	$80M
Other Income/Expenses	$275M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$351M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$290M
EBIT	$1.9B
EBITDA	$2.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$8.7B
Cost of Revenue	$5.9B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$7.1B
OPERATING INCOME	$1.5B
Interest Income	$32M
Interest Expense	$80M
Other Income/Expenses	$275M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$351M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$290M
EBIT	$1.9B
EBITDA	$2.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$290M
Stock-Based Compensation	$45M
Deferred Income Tax	-$11M
Other Non-Cash Items	-$165M
Change in Working Capital	$1.1B
OPERATING CASH FLOW	$2.7B
Capital Expenditure	-$281M
Acquisitions (Net)	$8M
Purchases of Investments	-$384M
Sales/Maturities of Investments	$723M
Other Investing Activities	$220M
NET CASH FROM INVESTING	$286M
Net Debt Issuance	-$1.6B
Common Stock Repurchased	-$881M
Common Dividends Paid	-$676M
Other Financing Activities	$51M
NET CASH FROM FINANCING	-$3.1B
FREE CASH FLOW	$2.4B
Net Change in Cash	-$128M

Balance Sheet

Item	Amount
Cash & Equivalents	$11.0B
Short-Term Investments	$564M
Net Receivables	$6.8B
Inventory	$5.1B
Other Current Assets	$1.9B
TOTAL CURRENT ASSETS	$25.4B
PP&E (Net)	$5.6B
Goodwill	$17.8B
Intangible Assets	$3.6B
Long-Term Investments	$1.2B
Tax Assets	$489M
Other Non-Current Assets	$10.5B
TOTAL NON-CURRENT ASSETS	$39.1B
TOTAL ASSETS	$64.5B
Account Payables	$6.5B
Short-Term Debt	$5.3B
Deferred Revenue	$3.2B
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$19.5B
Long-Term Debt	$14.3B
Deferred Revenue NC	$1.3B
Deferred Tax Liabilities	$2.4B
Other Non-Current Liabilities	$6.9B
TOTAL NON-CURRENT LIABILITIES	$25.7B
TOTAL LIABILITIES	$45.2B
Common Stock	$958M
Additional Paid-In Capital	$8.1B
Retained Earnings	$42.8B
Treasury Stock	-$30.5B
Accum. Other Comp. Income	-$2.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$18.6B
Minority Interest	$680M
TOTAL EQUITY	$19.2B
TOTAL LIABILITIES & EQUITY	$64.5B
Total Debt	$20.6B
Net Debt	$9.7B