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: 2022 | |||
CONSOLIDATED STATEMENT OF OPERATIONS | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Income Statement [Abstract] | |||
| Net sales | $ 35,466 | 34,392 | 32,637 |
| Costs, expenses and other | |||
| Cost of products and services sold | 23,825 | 23,394 | 22,169 |
| Selling, general and administrative expenses | 5,214 | 4,798 | 4,772 |
| Other (income) expense | (366) | (1,378) | (675) |
| Interest and other financial charges | 414 | 343 | 359 |
| Cost, operating and non-operating expenses | 29,087 | 27,157 | 26,625 |
| Income before taxes | 6,379 | 7,235 | 6,012 |
| Tax expense | 1,412 | 1,625 | 1,147 |
| Net income | 4,967 | 5,610 | 4,865 |
| Less: Net income attributable to the noncontrolling interest | 1 | 68 | 86 |
| Net income attributable to Honeywell | 4,966 | 5,542 | 4,779 |
| Earnings per share of common stock - basic (in dollars per share) | 7.33 | 8.01 | 6.79 |
| Earnings per share of common stock - assuming dilution (in dollars per share) | 7.27 | 7.91 | 6.72 |
| Product and Service | |||
| Product | |||
| Net sales | 25,960 | 25,643 | 24,737 |
| Cost of products and services sold | 18,263 | 18,344 | 17,638 |
| Service | |||
| Net sales | 9,506 | 8,749 | 7,900 |
| Cost of products and services sold | 5,562 | 5,050 | 4,531 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
HONEYWELL INTERNATIONAL INC | |||
Ticker: HON Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net income | $ 4,967 | 5,610 | 4,865 |
| Other comprehensive income (loss), net of tax | |||
| Foreign exchange translation adjustment | (372) | 302 | (211) |
| Actuarial gains (losses) recognized | (452) | 256 | 91 |
| Prior service credit recognized | 0 | 7 | 47 |
| Prior service credit recognized during year | (64) | (87) | (82) |
| Actuarial losses recognized during year | 454 | 5 | 41 |
| Foreign exchange translation and other | (171) | 5 | (23) |
| Pension and other postretirement benefit adjustments | (233) | 186 | 74 |
| Changes in fair value of available for sale investments | (8) | (3) | 4 |
| Cash flow hedges recognized in other comprehensive income | 71 | 17 | 10 |
| Less: Reclassification adjustment for gains included in net income | 56 | 20 | 54 |
| Changes in fair value of cash flow hedges | 15 | (3) | (44) |
| Components of other comprehensive income (loss), net of tax | (598) | 482 | (177) |
| Comprehensive income | 4,369 | 6,092 | 4,688 |
| Less: Comprehensive income (loss) attributable to the noncontrolling interest | (17) | 64 | 89 |
| Comprehensive income attributable to Honeywell | 4,386 | 6,028 | 4,599 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
HONEYWELL INTERNATIONAL INC | |||
Ticker: HON Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows from operating activities: | |||
| Net income | $ 4,967 | 5,610 | 4,865 |
| Less: Net income attributable to the noncontrolling interest | 1 | 68 | 86 |
| Net income attributable to Honeywell | 4,966 | 5,542 | 4,779 |
| Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities: | |||
| Depreciation | 657 | 674 | 644 |
| Amortization | 547 | 549 | 358 |
| (Gain) loss on sale of non-strategic businesses and assets | (22) | (102) | 3 |
| Repositioning and other charges | 1,266 | 569 | 575 |
| Net payments for repositioning and other charges | (512) | (692) | (833) |
| Pension and other postretirement income | (510) | (1,114) | (798) |
| Pension and other postretirement benefit payments | (23) | (43) | (47) |
| Stock compensation expense | 188 | 217 | 168 |
| Deferred income taxes | (180) | 178 | (175) |
| Reimbursement receivables charge | 0 | 0 | 509 |
| Other | (358) | (28) | (338) |
| Changes in assets and liabilities, net of the effects of acquisitions and divestitures: | |||
| Accounts receivable | (739) | (8) | 669 |
| Inventories | (440) | (685) | (67) |
| Other current assets | 232 | (276) | 191 |
| Accounts payable | (155) | 744 | 15 |
| Accrued liabilities | 357 | 513 | 555 |
| Net cash provided by operating activities | 5,274 | 6,038 | 6,208 |
| Cash flows from investing activities: | |||
| Expenditures for property, plant and equipment | (766) | (895) | (906) |
| Proceeds from disposals of property, plant and equipment | 29 | 27 | 57 |
| Increase in investments | (1,211) | (2,373) | (3,236) |
| Decrease in investments | 1,255 | 2,525 | 3,508 |
| Receipts from Garrett Motion Inc. | 409 | 586 | 0 |
| Receipts (payments) from settlements of derivative contracts | 369 | 192 | (149) |
| Cash paid for acquisitions, net of cash acquired | (178) | (1,326) | (261) |
| Proceeds from sales of businesses, net of fees paid | 0 | 203 | 0 |
| Net cash used for investing activities | (93) | (1,061) | (987) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of commercial paper and other short-term borrowings | 7,661 | 5,194 | 10,474 |
| Payments of commercial paper and other short-term borrowings | (8,447) | (5,190) | (10,400) |
| Proceeds from issuance of common stock | 320 | 229 | 393 |
| Proceeds from issuance of long-term debt | 2,953 | 2,517 | 10,125 |
| Payments of long-term debt | (1,850) | (4,917) | (4,308) |
| Repurchases of common stock | (4,200) | (3,380) | (3,714) |
| Cash dividends paid | (2,719) | (2,626) | (2,592) |
| Other | (48) | (81) | (59) |
| Net cash used for financing activities | (6,330) | (8,254) | (81) |
| Effect of foreign exchange rate changes on cash and cash equivalents | (183) | (39) | 68 |
| Net increase (decrease) in cash and cash equivalents | (1,332) | (3,316) | 5,208 |
| Cash and cash equivalents at beginning of period | 10,959 | 14,275 | |
| Cash and cash equivalents at end of period | 9,627 | 10,959 | 14,275 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
HONEYWELL INTERNATIONAL INC | ||
Ticker: HON Fiscal Year: 2022 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 9,627 | 10,959 |
| Short-term investments | 483 | 564 |
| Accounts receivable, less allowances of $326 and $177, respectively | 7,440 | 6,830 |
| Inventories | 5,538 | 5,138 |
| Other current assets | 1,894 | 1,881 |
| Total current assets | 24,982 | 25,372 |
| Investments and long-term receivables | 945 | 1,222 |
| Property, plant and equipmentnet | 5,471 | 5,562 |
| Goodwill | 17,497 | 17,756 |
| Other intangible assetsnet | 3,222 | 3,613 |
| Insurance recoveries for asbestos-related liabilities | 224 | 322 |
| Deferred income taxes | 421 | 489 |
| Other assets | 9,513 | 10,134 |
| Total assets | 62,275 | 64,470 |
| LIABILITIES | ||
| Current liabilities: | ||
| Accounts payable | 6,329 | 6,484 |
| Commercial paper and other short-term borrowings | 2,717 | 3,542 |
| Current maturities of long-term debt | 1,730 | 1,803 |
| Accrued liabilities | 9,162 | 7,679 |
| Total current liabilities | 19,938 | 19,508 |
| Long-term debt | 15,123 | 14,254 |
| Deferred income taxes | 2,093 | 2,364 |
| Postretirement benefit obligations other than pensions | 146 | 208 |
| Asbestos-related liabilities | 1,180 | 1,800 |
| Other liabilities | 6,469 | 7,087 |
| Redeemable noncontrolling interest | 7 | 7 |
| SHAREOWNERS EQUITY | ||
| Capitalcommon stock issued | 958 | 958 |
| Capital - additional paid in capital | 8,564 | 8,141 |
| Common stock held in treasury, at cost | (34,443) | (30,462) |
| Accumulated other comprehensive income (loss) | (3,475) | (2,895) |
| Retained earnings | 45,093 | 42,827 |
| Total Honeywell shareowners equity | 16,697 | 18,569 |
| Noncontrolling interest | 622 | 673 |
| Total shareowners equity | 17,319 | 19,242 |
| Total liabilities, redeemable noncontrolling interest and shareowners equity | 62,275 | 64,470 |
| External Links | |
| HONEYWELL INTERNATIONAL INC (HON) Fiscal Year 2022 | |
| 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 |