Honeywell International (HON) FY2021 results: revenue $34.4 billion, up 5.4% on the year
Honeywell International Inc. (HON) reported revenue of $34.4 billion for fiscal 2021, the year ended 31 December 2021, up 5.4% on the year before. Net income was $5.5 billion, up 16.0%, and diluted earnings per share $15.82. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$34.4 billion
+5.4% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$5.5 billion
+16.0% on the year
FY2014FY2021
Diluted EPS
$15.82
+17.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
6,038
6,208
6,897
-2.7%
Capital expenditure
895
906
839
-1.2%
Free cash flow
5,143
5,302
6,058
-3.0%
Free cash flow margin
15.0%
16.2%
16.5%
Cash from investing
-1,061
-987
-533
Cash from financing
-8,254
-81.0
-6,600
Depreciation and amortisation
1,138
1,003
1,088
+13.5%
Share-based compensation
217
168
153
+29.2%
Buybacks
3,380
3,714
4,400
-9.0%
Dividends paid
2,626
2,592
2,442
+1.3%
Dividend per share
$7.54
$7.26
$6.72
+3.9%
Diluted shares, weighted
350m
356m
365m
-1.5%
Shares outstanding at period end
342m
348m
356m
-1.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
18,569
17,549
18,494
+5.8%
Non-controlling interest
673
241
212
+179.3%
Debt
19,599
22,384
16,002
-12.4%
Operating lease liabilities
847
641
534
+32.1%
Finance lease liabilities
99.0
124
156
-20.2%
Other liabilities
24,683
23,647
23,281
+4.4%
Total liabilities and equity
64,470
64,586
58,679
-0.2%
Fixed assets
5,562
5,570
5,325
-0.1%
Goodwill
17,756
16,058
15,563
+10.6%
Intangible assets
3,613
3,560
3,734
+1.5%
Investments
564
945
1,349
-40.3%
Cash and equivalents
10,959
14,275
9,067
-23.2%
Receivables
6,830
6,827
7,493
+0.0%
Inventory
5,138
4,489
4,421
+14.5%
Other assets
14,048
12,862
11,727
+9.2%
Total assets
64,470
64,586
58,679
-0.2%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.