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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Honeywell International Inc., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Product sales | |
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Service sales | |
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Net sales | |
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Cost of products sold | |
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Cost of services sold | |
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Gross profit | |
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Selling, general and administrative expenses | |
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Operating income | |
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Equity income (loss) of affiliated companies | |
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Gain on sale of non-strategic businesses and assets | |
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Interest income | |
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Foreign exchange | |
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Other, net | |
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Other income (expense) | |
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Interest and other financial charges | |
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Income from continuing operations before taxes | |
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Tax expense | |
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Income from continuing operations after taxes | |
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Income from discontinued operations after taxes | |
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Net income | |
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Net income attributable to the noncontrolling interest | |
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Net income attributable to Honeywell | |
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| Item | Description | The company |
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| Net sales | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Honeywell International Inc.'s net sales increased from 2009 to 2010 and from 2010 to 2011. |
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | Honeywell International Inc.'s operating income declined from 2009 to 2010 and from 2010 to 2011. |
| Income from continuing operations before taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Honeywell International Inc.'s income from continuing operations before taxes declined from 2009 to 2010 and from 2010 to 2011. |
| Income from continuing operations after taxes | This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Honeywell International Inc.'s income from continuing operations after taxes declined from 2009 to 2010 and from 2010 to 2011. |
| Net income | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Honeywell International Inc.'s net income declined from 2009 to 2010 but then slightly increased from 2010 to 2011. |
| Net income attributable to Honeywell | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Honeywell International Inc.'s net income attributable to Honeywell declined from 2009 to 2010 but then slightly increased from 2010 to 2011. |
May 23, 2012