Honeywell International (HON) FY2012 results: revenue $37.7 billion, up 3.1% on the year
Honeywell International Inc. (HON) reported revenue of $37.7 billion for fiscal 2012, the year ended 31 December 2012, up 3.1% on the year before. Net income was $2.9 billion, up 41.6%, and diluted earnings per share $7.38. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2013.
Revenue
$37.7 billion
+3.1% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$2.9 billion
+41.6% on the year
FY2007FY2012
Diluted EPS
$7.38
+41.4% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
37,665
36,529
32,350
+3.1%
Cost of revenue
28,291
28,556
24,721
-0.9%
Gross profit
9,374
7,973
7,629
+17.6%
Gross margin
24.9%
21.8%
23.6%
Research and development
1,847
1,799
1,450
+2.7%
Selling, general and administrative
5,218
5,399
4,618
-3.4%
Pre-tax income
3,875
2,282
2,722
+69.8%
Income tax
944
417
765
+126.4%
Effective tax rate
24.4%
18.3%
28.1%
Net income
2,926
2,067
2,022
+41.6%
Net margin
7.8%
5.7%
6.3%
Diluted EPS
$7.38
$5.22
$5.18
+41.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
3,517
2,833
4,203
+24.1%
Capital expenditure
884
790
644
+11.9%
Free cash flow
2,633
2,043
3,559
+28.9%
Free cash flow margin
7.0%
5.6%
11.0%
Cash from investing
-1,428
-611
-2,269
Cash from financing
-1,206
-1,114
-2,047
Depreciation and amortisation
926
948
970
-2.3%
Share-based compensation
170
168
164
+1.2%
Buybacks
317
1,085
0.0
-70.8%
Dividends paid
1,211
1,091
944
+11.0%
Dividend per share
$3.06
$2.74
$2.42
+11.7%
Diluted shares, weighted
396m
396m
390m
+0.0%
Shares outstanding at period end
391m
387m
392m
+1.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
12,975
10,806
10,666
+20.1%
Non-controlling interest
90.0
96.0
121
-6.2%
Debt
7,496
7,555
6,278
-0.8%
Other liabilities
21,292
21,351
20,769
-0.3%
Total liabilities and equity
41,853
39,808
37,834
+5.1%
Fixed assets
5,001
4,804
4,724
+4.1%
Goodwill
12,425
11,858
11,275
+4.8%
Intangible assets
2,449
2,477
1,924
-1.1%
Investments
424
362
413
+17.1%
Cash and equivalents
4,634
3,698
2,650
+25.3%
Receivables
7,429
7,228
6,841
+2.8%
Inventory
4,235
4,264
3,822
-0.7%
Other assets
5,256
5,117
6,185
+2.7%
Total assets
41,853
39,808
37,834
+5.1%
10-K for the year ended 31 December 2012, filed 15 February 2013: the filing.