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: 2013 | |||
CONSOLIDATED STATEMENT OF OPERATIONS | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 14, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Product sales | $ 31,214 | 29,812 | 28,745 |
| Service sales | 7,841 | 7,853 | 7,784 |
| Net Sales | 39,055 | 37,665 | 36,529 |
| Costs, expenses and other | |||
| Cost of products sold | 23,317 | 22,929 | 23,220 |
| Cost of services sold | 5,047 | 5,362 | 5,336 |
| Cost of products and services sold | 28,364 | 28,291 | 28,556 |
| Selling, general and administrative expenses | 5,190 | 5,218 | 5,399 |
| Other (income) expense | (238) | (70) | (84) |
| Interest and other financial charges | 327 | 351 | 376 |
| Cost, operating and non-operating expenses | 33,643 | 33,790 | 34,247 |
| Income from continuing operations before taxes | 5,412 | 3,875 | 2,282 |
| Tax expense | 1,450 | 944 | 417 |
| Income from continuing operations after taxes | 3,962 | 2,931 | 1,865 |
| Income from discontinued operations after taxes | 0 | 0 | 209 |
| Net income | 3,962 | 2,931 | 2,074 |
| Less: Net income attributable to the noncontrolling interest | 38 | 5 | 7 |
| Net income attributable to Honeywell | 3,924 | 2,926 | 2,067 |
| Amounts attributable to Honeywell | |||
| Income from continuing operations less net income attributable to the noncontrolling interest | 3,924 | 2,926 | 1,858 |
| Income from discontinued operations | 0 | 0 | 209 |
| Net income attributable to Honeywell | 3,924 | 2,926 | 2,067 |
| Earnings per share continuing operations - basic: | 4.99 | 3.74 | 2.38 |
| Earnings per share discontinued operations - basic: | 0.00 | 0.00 | 0.27 |
| Earnings per share: Basic, Total | 4.99 | 3.74 | 2.65 |
| Earnings per share continuing operations - assuming dilution: | 4.92 | 3.69 | 2.35 |
| Earnings per share discontinued operations - assuming dilution: | 0.00 | 0.00 | 0.26 |
| Earnings per share - Assuming dilution, Total | 4.92 | 3.69 | 2.61 |
| Cash dividends per share of common stock | 1.68 | 1.53 | 1.37 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
HONEYWELL INTERNATIONAL INC | |||
Ticker: HON Fiscal Year: 2013 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 14, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net income | $ 3,962 | 2,931 | 2,074 |
| Other Comprehensive Income (Loss), Net Of Tax [Abstract] | |||
| Foreign exchange translation adjustment | (52) | 282 | (146) |
| Actuarial gains (losses) | 2,064 | (839) | (1,317) |
| Prior service credit | 99 | 9 | 10 |
| Prior service cost (credit) recognized during the year | 5 | 6 | (1) |
| Actuarial losses recognized during year | 61 | 649 | 1,171 |
| Transition obligation recognized during year | 2 | 2 | 2 |
| Settlements and curtailments | (26) | (2) | (107) |
| Foreign exchange translation and other | (2) | (23) | 33 |
| Pensions and other postretirement benefit adjustments | 2,203 | (198) | (209) |
| Unrealized gains (losses) for the period | 140 | (6) | 12 |
| Less: reclassification adjustment for gains included in net income | 127 | 0 | 0 |
| Changes in fair value of available for sale investments | 13 | (6) | 12 |
| Effective portion of cash flow hedges recognized in other comprehensive income | (30) | 14 | (48) |
| Less: Reclassification adjustment for losses included in net income | (23) | (13) | (14) |
| Changes in fair value of effective cash flow hedges | (7) | 27 | (34) |
| Other comprehensive income (loss), net of tax | 2,157 | 105 | (377) |
| Comprehensive income | 6,119 | 3,036 | 1,697 |
| Less: Comprehensive income attributable to the noncontrolling interest | 36 | 5 | 3 |
| Comprehensive income attributable to Honeywell | 6,083 | 3,031 | 1,694 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
HONEYWELL INTERNATIONAL INC | |||
Ticker: HON Fiscal Year: 2013 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 14, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities: | |||
| Net income | $ 3,962 | 2,931 | 2,074 |
| Less: Net income attributable to the noncontrolling interest | 38 | 5 | 7 |
| Net income attributable to Honeywell | 3,924 | 2,926 | 2,067 |
| Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities: | |||
| Depreciation and amortization | 989 | 926 | 957 |
| Loss (Gain) on sale of nonstrategic businesses and assets | 20 | (5) | (362) |
| Gain on sale of available for sale investments | (195) | 0 | 0 |
| Repositioning and other charges | 663 | 443 | 743 |
| Net payments for repositioning and other charges | (763) | (503) | (468) |
| Pension and other postretirement (income) expense | (19) | 1,065 | 1,823 |
| Pension and other postretirement benefit payments | (298) | (1,183) | (1,883) |
| Stock compensation expense | 170 | 170 | 168 |
| Deferred income taxes | 262 | 84 | (331) |
| Excess tax benefits from share based payment arrangements | (132) | (56) | (42) |
| Other | 308 | 108 | 289 |
| Changes in assets and liabilities, net of the effects of acquisitions and divestitures: | |||
| Accounts, notes and other receivables | (365) | (119) | (316) |
| Inventories | 41 | 25 | (310) |
| Other current assets | (421) | (78) | 25 |
| Accounts payable | 352 | (13) | 527 |
| Accrued liabilities | (201) | (273) | (54) |
| Net cash provided by operating activities | 2,833 | ||
| Net cash provided by operating activities | 4,335 | 3,517 | |
| Cash flows from investing activities: | |||
| Expenditures for property, plant and equipment | (947) | (884) | (798) |
| Proceeds from disposals of property, plant and equipment | 15 | 5 | 6 |
| Increase in investments | (1,220) | (702) | (380) |
| Decrease in investments | 1,122 | 559 | 354 |
| Cash paid for acquisitions, net of cash acquired | (1,133) | (438) | (973) |
| Proceeds from sales of businesses, net of fees paid | 3 | 21 | 1,156 |
| Other | 201 | 11 | 24 |
| Net cash used for investing activities | (611) | ||
| Net cash used for investing activities | (1,959) | (1,428) | |
| Cash flows from financing activities: | |||
| Net increase (decrease) in commercial paper | 899 | (199) | 300 |
| Net increase (decrease) in short-term borrowings | 31 | 22 | (2) |
| Payment of debt assumed with acquisitions | 0 | 0 | (33) |
| Proceeds from issuance of common stock | 447 | 342 | 304 |
| Proceeds from issuance of long-term debt | 1,063 | 102 | 1,390 |
| Payments of long-term debt | (607) | (1) | (939) |
| Excess tax benefits from share based payment arrangements | 132 | 56 | 42 |
| Repurchases of common stock | (1,073) | (317) | (1,085) |
| Cash dividends paid | (1,353) | (1,211) | (1,091) |
| Other | 28 | 0 | 0 |
| Net cash used for financing activities | (1,114) | ||
| Net cash used for financing activities | (433) | (1,206) | |
| Effect of foreign exchange rate changes on cash and cash equivalents | (155) | 53 | (60) |
| Net increase in cash and cash equivalents | 1,788 | 936 | 1,048 |
| Cash and cash equivalents at beginning of period | 4,634 | 3,698 | |
| Cash and cash equivalents at end of period | 6,422 | 4,634 | 3,698 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
HONEYWELL INTERNATIONAL INC | ||
Ticker: HON Fiscal Year: 2013 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 14, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,422 | 4,634 |
| Accounts, notes and other receivables | 7,929 | 7,429 |
| Inventories | 4,293 | 4,235 |
| Deferred income taxes | 849 | 669 |
| Investments and other current assets | 1,671 | 631 |
| Total current assets | 21,164 | 17,598 |
| Investments and long-term receivables | 393 | 623 |
| Property, plant and equipment - net | 5,278 | 5,001 |
| Goodwill | 13,046 | 12,425 |
| Other intangible assets - net | 2,514 | 2,449 |
| Insurance recoveries for asbestos related liabilities | 595 | 663 |
| Deferred income taxes | 368 | 1,889 |
| Other assets | 2,077 | 1,205 |
| Total assets | 45,435 | 41,853 |
| LIABILITIES | ||
| Current liabilities: | ||
| Accounts payable | 5,174 | 4,736 |
| Short-term borrowings | 97 | 76 |
| Commercial paper | 1,299 | 400 |
| Current maturities of long-term debt | 632 | 625 |
| Accrued liabilities | 6,979 | 7,208 |
| Total current liabilities | 14,181 | 13,045 |
| Long-term debt | 6,801 | 6,395 |
| Deferred income taxes | 804 | 628 |
| Postretirement benefit obligations other than pensions | 1,019 | 1,365 |
| Asbestos related liabilities | 1,150 | 1,292 |
| Other liabilities | 3,734 | 5,913 |
| Redeemable noncontrolling interest | 167 | 150 |
| SHAREOWNERS' EQUITY | ||
| Capital - common stock issued | 958 | 958 |
| Capital - additional paid in capital | 4,682 | 4,358 |
| Common stock held in treasury, at cost | (9,374) | (8,801) |
| Accumulated other comprehensive income (loss) | 818 | (1,339) |
| Retained earnings | 20,383 | 17,799 |
| Total Honeywell shareowners' equity | 17,467 | 12,975 |
| Noncontrolling interest | 112 | 90 |
| Total shareowners' equity | 17,579 | 13,065 |
| Total liabilities, redeemable noncontrolling interest, and shareowners' equity | 45,435 | 41,853 |
| External Links | |
| HONEYWELL INTERNATIONAL INC (HON) Fiscal Year 2013 | |
| 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 |