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: 2014 | |||
CONSOLIDATED STATEMENT OF OPERATIONS | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 13, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Product sales | $ 32,398 | 31,214 | 29,812 |
| Service sales | 7,908 | 7,841 | 7,853 |
| Net Sales | 40,306 | 39,055 | 37,665 |
| Costs, expenses and other | |||
| Cost of products sold | 23,889 | 23,317 | 22,929 |
| Cost of services sold | 5,068 | 5,047 | 5,362 |
| Cost of products and services sold | 28,957 | 28,364 | 28,291 |
| Selling, general and administrative expenses | 5,518 | 5,190 | 5,218 |
| Other (income) expense | (305) | (238) | (70) |
| Interest and other financial charges | 318 | 327 | 351 |
| Cost, operating and non-operating expenses | 34,488 | 33,643 | 33,790 |
| Income from continuing operations before taxes | 5,818 | 5,412 | 3,875 |
| Tax expense | 1,489 | 1,450 | 944 |
| Net income | 4,329 | 3,962 | 2,931 |
| Less: Net income attributable to the noncontrolling interest | 90 | 38 | 5 |
| Net income attributable to Honeywell | 4,239 | 3,924 | 2,926 |
| Earnings per share of common stock - basic | 5.40 | 4.99 | 3.74 |
| Earnings per share - assuming dilution | 5.33 | 4.92 | 3.69 |
| Cash dividends per share of common stock | 1.87 | 1.68 | 1.53 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
HONEYWELL INTERNATIONAL INC | |||
Ticker: HON Fiscal Year: 2014 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 13, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net income | $ 4,329 | 3,962 | 2,931 |
| Other Comprehensive Income (Loss), Net Of Tax [Abstract] | |||
| Foreign exchange translation adjustment | (1,044) | (52) | 282 |
| Actuarial gains (losses) | (1,411) | 2,064 | (839) |
| Prior service credit | 73 | 99 | 9 |
| Prior service cost (credit) recognized during the year | (2) | 5 | 6 |
| Actuarial losses recognized during year | 202 | 61 | 649 |
| Transition obligation recognized during year | 1 | 2 | 2 |
| Settlements and curtailments | 0 | (26) | (2) |
| Foreign exchange translation and other | 54 | (2) | (23) |
| Pensions and other postretirement benefit adjustments | (1,083) | 2,203 | (198) |
| Unrealized gains (losses) for the period | 15 | 140 | (6) |
| Less: reclassification adjustment for gains included in net income | 185 | 127 | 0 |
| Changes in fair value of available for sale investments | (170) | 13 | (6) |
| Effective portion of cash flow hedges recognized in other comprehensive income | 20 | (30) | 14 |
| Less: Reclassification adjustment for losses included in net income | 0 | (23) | (13) |
| Changes in fair value of effective cash flow hedges | 20 | (7) | 27 |
| Other comprehensive income (loss), net of tax | (2,277) | 2,157 | 105 |
| Comprehensive income | 2,052 | 6,119 | 3,036 |
| Less: Comprehensive income attributable to the noncontrolling interest | 87 | 36 | 5 |
| Comprehensive income attributable to Honeywell | 1,965 | 6,083 | 3,031 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
HONEYWELL INTERNATIONAL INC | |||
Ticker: HON Fiscal Year: 2014 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 13, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flows from operating activities: | |||
| Net income | $ 4,329 | 3,962 | 2,931 |
| Less: Net income attributable to the noncontrolling interest | 90 | 38 | 5 |
| Net income attributable to Honeywell | 4,239 | 3,924 | 2,926 |
| Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities: | |||
| Depreciation and amortization | 924 | 989 | 926 |
| Loss (gain) on sale of nonstrategic businesses and assets | 11 | 20 | (5) |
| Gain on sale of available for sale investments | (221) | (195) | 0 |
| Repositioning and other charges | 598 | 663 | 443 |
| Net payments for repositioning and other charges | (530) | (763) | (503) |
| Pension and other postretirement (income) expense | 44 | (19) | 1,065 |
| Pension and other postretirement benefit payments | (167) | (298) | (1,183) |
| Stock compensation expense | 187 | 170 | 170 |
| Deferred income taxes | 132 | 262 | 84 |
| Excess tax benefits from share based payment arrangements | (102) | (132) | (56) |
| Other | (327) | 308 | 108 |
| Changes in assets and liabilities, net of the effects of acquisitions and divestitures: | |||
| Accounts, notes and other receivables | (172) | (365) | (119) |
| Inventories | (200) | 41 | 25 |
| Other current assets | 120 | (421) | (78) |
| Accounts payable | 307 | 352 | (13) |
| Accrued liabilities | 181 | (201) | (273) |
| Net cash provided by operating activities | 5,024 | 4,335 | 3,517 |
| Cash flows from investing activities: | |||
| Expenditures for property, plant and equipment | (1,094) | (947) | (884) |
| Proceeds from disposals of property, plant and equipment | 18 | 15 | 5 |
| Increase in investments | (4,074) | (1,220) | (702) |
| Decrease in investments | 3,288 | 1,122 | 559 |
| Cash paid for acquisitions, net of cash acquired | (4) | (1,133) | (438) |
| Proceeds from sales of businesses, net of fees paid | 160 | 3 | 21 |
| Other | (170) | 201 | 11 |
| Net cash used for investing activities | (1,876) | (1,959) | (1,428) |
| Cash flows from financing activities: | |||
| Net increase (decrease) in commercial paper | 348 | 899 | (199) |
| Net (decrease) increase in short-term borrowings | (39) | 31 | 22 |
| Proceeds from issuance of common stock | 265 | 447 | 342 |
| Proceeds from issuance of long-term debt | 97 | 1,063 | 102 |
| Payments of long-term debt | (609) | (607) | (1) |
| Excess tax benefits from share based payment arrangements | 102 | 132 | 56 |
| Repurchases of common stock | (924) | (1,073) | (317) |
| Cash dividends paid | (1,510) | (1,353) | (1,211) |
| Other | (2) | 28 | 0 |
| Net cash used for financing activities | (2,272) | (433) | (1,206) |
| Effect of foreign exchange rate changes on cash and cash equivalents | (339) | (155) | 53 |
| Net increase in cash and cash equivalents | 537 | 1,788 | 936 |
| Cash and cash equivalents at beginning of period | 6,422 | 4,634 | |
| Cash and cash equivalents at end of period | 6,959 | 6,422 | 4,634 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
HONEYWELL INTERNATIONAL INC | ||
Ticker: HON Fiscal Year: 2014 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 13, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,959 | 6,422 |
| Accounts, notes and other receivables | 7,960 | 7,929 |
| Inventories | 4,405 | 4,293 |
| Deferred income taxes | 722 | 849 |
| Investments and other current assets | 2,145 | 1,671 |
| Total current assets | 22,191 | 21,164 |
| Investments and long-term receivables | 465 | 393 |
| Property, plant and equipment - net | 5,383 | 5,278 |
| Goodwill | 12,788 | 13,046 |
| Other intangible assets - net | 2,208 | 2,514 |
| Insurance recoveries for asbestos related liabilities | 454 | 595 |
| Deferred income taxes | 404 | 368 |
| Other assets | 1,558 | 2,077 |
| Total assets | 45,451 | 45,435 |
| LIABILITIES | ||
| Current liabilities: | ||
| Accounts payable | 5,365 | 5,174 |
| Short-term borrowings | 51 | 97 |
| Commercial paper | 1,647 | 1,299 |
| Current maturities of long-term debt | 939 | 632 |
| Accrued liabilities | 6,771 | 6,979 |
| Total current liabilities | 14,773 | 14,181 |
| Long-term debt | 6,046 | 6,801 |
| Deferred income taxes | 236 | 804 |
| Postretirement benefit obligations other than pensions | 911 | 1,019 |
| Asbestos related liabilities | 1,200 | 1,150 |
| Other liabilities | 4,282 | 3,734 |
| Redeemable noncontrolling interest | 219 | 167 |
| SHAREOWNERS' EQUITY | ||
| Capital - common stock issued | 958 | 958 |
| Capital - additional paid in capital | 5,038 | 4,682 |
| Common stock held in treasury, at cost | (9,995) | (9,374) |
| Accumulated other comprehensive income (loss) | (1,459) | 818 |
| Retained earnings | 23,115 | 20,383 |
| Total Honeywell shareowners' equity | 17,657 | 17,467 |
| Noncontrolling interest | 127 | 112 |
| Total shareowners' equity | 17,784 | 17,579 |
| Total liabilities, redeemable noncontrolling interest, and shareowners' equity | 45,451 | 45,435 |
| External Links | |
| HONEYWELL INTERNATIONAL INC (HON) Fiscal Year 2014 | |
| 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 |