Microsoft Excel LibreOffice Calc

Honeywell International Inc. (HON)


Common-Size Income Statement

Difficulty: Beginner

Honeywell International Inc., Common-Size Consolidated Income Statement

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Product sales 78.58 79.73 79.80 79.56 80.38
Service sales 21.42 20.27 20.20 20.44 19.62
Net sales 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of products sold -56.54 -55.90 -56.41 -56.44 -59.27
Cost of services sold -12.95 -12.13 -12.67 -12.89 -12.57
Cost of products and services sold -69.48% -68.03% -69.08% -69.33% -71.84%
Gross profit 30.52% 31.97% 30.92% 30.67% 28.16%
Selling, general and administrative expenses -14.48 -14.33 -13.92 -12.98 -13.69
Operating income 16.04% 17.64% 17.00% 17.70% 14.47%
Interest income 0.52 0.37 0.27 0.27 0.25
Pension ongoing income, non-service 2.79 0.00 0.00 0.00 0.00
Other postretirement income, non-service 0.08 0.00 0.00 0.00 0.00
Equity income of affiliated companies 0.12 0.10 0.08 0.08 0.09
Gain on sale of available for sale investments 0.00 0.00 0.00 0.00 0.55
Gain (loss) on sale of non-strategic business and assets 0.00 -0.02 0.45 0.00 -0.03
Foreign exchange 0.15 -0.04 -0.03 -0.11 -0.08
Separation costs -0.77 -0.04 0.00 0.00 0.00
Other, net -0.14 -0.20 -0.51 -0.06 -0.02
Other income (expense) 2.75% 0.17% 0.26% 0.18% 0.76%
Interest and other financial charges -0.88 -0.78 -0.86 -0.80 -0.79
Income from continuing operations before taxes 17.91% 17.03% 16.40% 17.07% 14.43%
Tax expense -1.58 -12.84 -4.07 -4.51 -3.69
Net income 16.33% 4.19% 12.33% 12.56% 10.74%
Net income attributable to the noncontrolling interest -0.15 -0.11 -0.09 -0.20 -0.22
Net income attributable to Honeywell 16.18% 4.08% 12.24% 12.36% 10.52%

Based on: 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-12), 10-K (filing date: 2015-02-13).

Item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Honeywell International Inc.’s operating income as a percentage of net sales increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
Income from continuing operations before taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Honeywell International Inc.’s income from continuing operations before taxes as a percentage of net sales increased from 2016 to 2017 and from 2017 to 2018.
Net income attributable to Honeywell The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Honeywell International Inc.’s net income attributable to Honeywell as a percentage of net sales declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.