Honeywell International (HON) FY2022 results: revenue $35.5 billion, up 3.1% on the year
Honeywell International Inc. (HON) reported revenue of $35.5 billion for fiscal 2022, the year ended 31 December 2022, up 3.1% on the year before. Net income was $5.0 billion, down 10.4%, and diluted earnings per share $14.54. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2023.
Revenue
$35.5 billion
+3.1% on the year
FY2015FY2022
Operating margin
22.6%
FY2015FY2022
Net income
$5.0 billion
-10.4% on the year
FY2015FY2022
Diluted EPS
$14.54
-8.1% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
5,274
6,038
6,208
-12.7%
Capital expenditure
766
895
906
-14.4%
Free cash flow
4,508
5,143
5,302
-12.3%
Free cash flow margin
12.7%
15.0%
16.2%
Cash from investing
-93.0
-1,061
-987
Cash from financing
-6,330
-8,254
-81.0
Depreciation and amortisation
1,204
1,138
1,003
+5.8%
Share-based compensation
188
217
168
-13.4%
Buybacks
4,200
3,380
3,714
+24.3%
Dividends paid
2,719
2,626
2,592
+3.5%
Dividend per share
$7.94
$7.54
$7.26
+5.3%
Diluted shares, weighted
342m
350m
356m
-2.5%
Shares outstanding at period end
334m
342m
348m
-2.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
16,697
18,569
17,549
-10.1%
Non-controlling interest
622
673
241
-7.6%
Debt
19,570
19,599
22,384
-0.1%
Operating lease liabilities
775
847
641
-8.5%
Finance lease liabilities
145
99.0
124
+46.5%
Other liabilities
24,466
24,683
23,647
-0.9%
Total liabilities and equity
62,275
64,470
64,586
-3.4%
Fixed assets
5,471
5,562
5,570
-1.6%
Goodwill
17,497
17,756
16,058
-1.5%
Intangible assets
3,222
3,613
3,560
-10.8%
Investments
483
564
945
-14.4%
Cash and equivalents
9,627
10,959
14,275
-12.2%
Receivables
7,440
6,830
6,827
+8.9%
Inventory
5,538
5,138
4,489
+7.8%
Other assets
12,997
14,048
12,862
-7.5%
Total assets
62,275
64,470
64,586
-3.4%
10-K for the year ended 31 December 2022, filed 10 February 2023: the filing.