Honeywell International (HON) FY2016 results: revenue $39.3 billion, up 1.9% on the year
Honeywell International Inc. (HON) reported revenue of $39.3 billion for fiscal 2016, the year ended 31 December 2016, up 1.9% on the year before. Net income was $4.8 billion, up 0.9%, and diluted earnings per share $12.40. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2019.
Revenue
$39.3 billion
+1.9% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$4.8 billion
+0.9% on the year
FY2009FY2016
Diluted EPS
$12.40
+2.6% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
39,302
38,581
40,306
+1.9%
Cost of revenue
27,677
26,747
28,957
+3.5%
Gross profit
12,152
11,834
11,349
+2.7%
Gross margin
30.9%
30.7%
28.2%
Research and development
1,864
1,856
1,892
+0.4%
Selling, general and administrative
5,574
5,006
5,518
+11.3%
Pre-tax income
6,447
6,586
5,818
-2.1%
Income tax
1,601
1,739
1,489
-7.9%
Effective tax rate
24.8%
26.4%
25.6%
Net income
4,809
4,768
4,239
+0.9%
Net margin
12.2%
12.4%
10.5%
Diluted EPS
$12.40
$12.08
$10.66
+2.6%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
5,498
5,519
5,080
-0.4%
Capital expenditure
1,095
1,073
1,094
+2.1%
Free cash flow
4,403
4,446
3,986
-1.0%
Free cash flow margin
11.2%
11.5%
9.9%
Cash from investing
-3,342
-6,514
n/a
Cash from financing
346
37.0
n/a
+835.1%
Depreciation and amortisation
1,030
883
924
+16.6%
Share-based compensation
184
175
187
+5.1%
Buybacks
2,079
1,884
924
+10.4%
Dividends paid
1,915
1,726
1,510
+11.0%
Dividend per share
$4.90
$4.30
$3.74
+14.0%
Diluted shares, weighted
388m
395m
398m
-1.8%
Shares outstanding at period end
380m
385m
391m
-1.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
19,369
18,283
17,657
+5.9%
Non-controlling interest
178
135
127
+31.9%
Debt
15,775
12,068
8,683
+30.7%
Other liabilities
19,244
18,830
18,984
+2.2%
Total liabilities and equity
54,566
49,316
45,451
+10.6%
Fixed assets
5,793
5,789
5,383
+0.1%
Goodwill
17,707
15,895
12,788
+11.4%
Intangible assets
4,634
4,577
2,208
+1.2%
Investments
1,520
n/a
n/a
Cash and equivalents
7,843
5,455
6,959
+43.8%
Receivables
8,177
8,075
7,960
+1.3%
Inventory
4,366
4,420
4,405
-1.2%
Other assets
4,526
5,105
5,748
-11.3%
Total assets
54,566
49,316
45,451
+10.6%
10-K for the year ended 31 December 2016, filed 8 February 2019: the filing.