10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
HONEYWELL INTERNATIONAL INC | |||
Ticker: HON Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENT OF OPERATIONS | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 15, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Product sales | $ 29,812 | 28,745 | 25,242 |
| Service sales | 7,853 | 7,784 | 7,108 |
| Net Sales | 37,665 | 36,529 | 32,350 |
| Costs, expenses and other | |||
| Cost of products sold | 22,929 | 23,220 | 19,903 |
| Cost of services sold | 5,362 | 5,336 | 4,818 |
| Cost of products and services sold | 28,291 | 28,556 | 24,721 |
| Selling, general and administrative expenses | 5,218 | 5,399 | 4,618 |
| Other (income) expense | (70) | (84) | (97) |
| Interest and other financial charges | 351 | 376 | 386 |
| Cost, operating and non-operating expenses | 33,790 | 34,247 | 29,628 |
| Income from continuing operations before taxes | 3,875 | 2,282 | 2,722 |
| Tax expense | 944 | 417 | 765 |
| Income from continuing operations after taxes | 2,931 | 1,865 | 1,957 |
| Income from discontinued operations after taxes | 0 | 209 | 78 |
| Net income | 2,931 | 2,074 | 2,035 |
| Less: Net income attributable to the noncontrolling interest | 5 | 7 | 13 |
| Net income attributable to Honeywell | 2,926 | 2,067 | 2,022 |
| Amounts attributable to Honeywell | |||
| Income from continuing operations less net income attributable to the noncontrolling interest | 2,926 | 1,858 | 1,944 |
| Income from discontinued operations | 0 | 209 | 78 |
| Net income attributable to Honeywell | 2,926 | 2,067 | 2,022 |
| Earnings per share continuing operations - basic: | 3.74 | 2.38 | 2.51 |
| Earnings per share discontinued operations - basic: | 0.00 | 0.27 | 0.10 |
| Earnings per share: Basic, Total | 3.74 | 2.65 | 2.61 |
| Earnings per share continuing operations - assuming dilution: | 3.69 | 2.35 | 2.49 |
| Earnings per share discontinued operations - assuming dilution: | 0.00 | 0.26 | 0.10 |
| Earnings per share - Assuming dilution, Total | 3.69 | 2.61 | 2.59 |
| Cash dividends per share of common stock | 1.53 | 1.37 | 1.21 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
HONEYWELL INTERNATIONAL INC | |||
Ticker: HON Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 15, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net income | $ 2,931 | 2,074 | 2,035 |
| Other Comprehensive Income (Loss), Net Of Tax [Abstract] | |||
| Foreign exchange translation adjustment | 282 | (146) | (249) |
| Actuarial gains (losses) | (839) | (1,317) | (291) |
| Prior service credit (cost) | 9 | 10 | 36 |
| Prior service costs (credit) recognized during the year | 6 | (1) | (7) |
| Actuarial losses recognized during year | 649 | 1,171 | 345 |
| Settlements and curtailments | (2) | (107) | (26) |
| Foreign exchange translation and other | (21) | 35 | (13) |
| Pensions and other postretirement benefit adjustments | (198) | (209) | 44 |
| Unrealized gains (losses) for the period | (6) | 12 | 90 |
| Changes in fair value of available for sale investments | (6) | 12 | 90 |
| Effective portion of cash flow hedges recognized in other comprehensive income | 14 | (48) | (4) |
| Less: Reclassification adjustment for losses included in net income | (13) | (14) | 0 |
| Changes in fair value of effective cash flow hedges | 27 | (34) | (4) |
| Other comprehensive income (loss) | 105 | (377) | (119) |
| Comprehensive income (loss) | 3,036 | 1,697 | 1,916 |
| Less: Comprehensive income attributable to noncontrolling interest | 5 | 3 | 15 |
| Comprehensive income (loss) attributable to Honeywell | 3,031 | 1,694 | 1,901 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
HONEYWELL INTERNATIONAL INC | |||
Ticker: HON Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 15, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows from operating activities: | |||
| Net income attributable to Honeywell | $ 2,926 | 2,067 | 2,022 |
| Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities: | |||
| Depreciation and amortization | 926 | 957 | 987 |
| Gain on sale of nonstrategic businesses and assets | (5) | (362) | 0 |
| Repositioning and other charges | 443 | 743 | 600 |
| Net payments for repositioning and other charges | (503) | (468) | (439) |
| Pension and other postretirement expense | 1,065 | 1,823 | 689 |
| Pension and other postretirement benefit payments | (1,183) | (1,883) | (838) |
| Stock compensation expense | 170 | 168 | 164 |
| Deferred income taxes | 84 | (331) | 878 |
| Excess tax benefits from share based payment arrangements | (56) | (42) | (13) |
| Other | 108 | 289 | 27 |
| Changes in assets and liabilities, net of the effects of acquisitions and divestitures: | |||
| Accounts, notes and other receivables | (119) | (316) | (688) |
| Inventories | 25 | (310) | (300) |
| Other current assets | (78) | 25 | (26) |
| Accounts payable | (13) | 527 | 592 |
| Accrued liabilities | (273) | (54) | 548 |
| Net cash provided by operating activities | 3,517 | 2,833 | 4,203 |
| Cash flows from investing activities: | |||
| Expenditures for property, plant and equipment | (884) | (798) | (651) |
| Proceeds from disposals of property, plant and equipment | 5 | 6 | 14 |
| Increase in investments | (702) | (380) | (453) |
| Decrease in investments | 559 | 354 | 112 |
| Cash paid for acquisitions, net of cash acquired | (438) | (973) | (1,303) |
| Proceeds from sales of businesses, net of fees paid | 21 | 1,156 | 7 |
| Other | 11 | 24 | 5 |
| Net cash used for investing activities | (1,428) | (611) | (2,269) |
| Cash flows from financing activities: | |||
| Net (decrease)/increase in commercial paper | (199) | 300 | 1 |
| Net increase/(decrease) in short-term borrowings | 22 | (2) | 20 |
| Payment of debt assumed with acquisitions | 0 | (33) | (326) |
| Proceeds from issuance of common stock | 342 | 304 | 195 |
| Proceeds from issuance of long-term debt | 102 | 1,390 | 0 |
| Payments of long-term debt | (1) | (939) | (1,006) |
| Excess tax benefits from share based payment arrangements | 56 | 42 | 13 |
| Repurchases of common stock | (317) | (1,085) | 0 |
| Cash dividends paid | (1,211) | (1,091) | (944) |
| Net cash used for financing activities | (1,206) | (1,114) | (2,047) |
| Effect of foreign exchange rate changes on cash and cash equivalents | 53 | (60) | (38) |
| Net increase/(decrease) in cash and cash equivalents | 936 | 1,048 | (151) |
| Cash and cash equivalents at beginning of period | 3,698 | 2,650 | |
| Cash and cash equivalents at end of period | 4,634 | 3,698 | 2,650 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
HONEYWELL INTERNATIONAL INC | ||
Ticker: HON Fiscal Year: 2012 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 15, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 4,634 | 3,698 |
| Accounts, notes and other receivables | 7,429 | 7,228 |
| Inventories | 4,235 | 4,264 |
| Deferred income taxes | 669 | 460 |
| Investments and other current assets | 631 | 484 |
| Total current assets | 17,598 | 16,134 |
| Investments and long-term receivables | 623 | 494 |
| Property, plant and equipment - net | 5,001 | 4,804 |
| Goodwill | 12,425 | 11,858 |
| Other intangible assets - net | 2,449 | 2,477 |
| Insurance recoveries for asbestos related liabilities | 663 | 709 |
| Deferred income taxes | 1,889 | 2,132 |
| Other assets | 1,205 | 1,200 |
| Total assets | 41,853 | 39,808 |
| LIABILITIES | ||
| Current liabilities: | ||
| Accounts payable | 4,736 | 4,738 |
| Short-term borrowings | 76 | 60 |
| Commercial paper | 400 | 599 |
| Current maturities of long-term debt | 625 | 15 |
| Accrued liabilities | 7,208 | 6,863 |
| Total current liabilities | 13,045 | 12,275 |
| Long-term debt | 6,395 | 6,881 |
| Deferred income taxes | 628 | 676 |
| Postretirement benefit obligations other than pensions | 1,365 | 1,417 |
| Asbestos related liabilities | 1,292 | 1,499 |
| Other liabilities | 5,913 | 6,158 |
| Redeemable noncontrolling interest | 150 | 0 |
| SHAREOWNERS' EQUITY | ||
| Capital - common stock issued | 958 | 958 |
| Capital - additional paid in capital | 4,358 | 4,157 |
| Common stock held in treasury, at cost | (8,801) | (8,948) |
| Accumulated other comprehensive income (loss) | (1,339) | (1,444) |
| Retained earnings | 17,799 | 16,083 |
| Total Honeywell shareowners' equity | 12,975 | 10,806 |
| Noncontrolling interest | 90 | 96 |
| Total shareowners' equity | 13,065 | 10,902 |
| Total liabilities, redeemable noncontrolling interest, and shareowners' equity | 41,853 | 39,808 |
| External Links | |
| HONEYWELL INTERNATIONAL INC (HON) Fiscal Year 2012 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |