Stock Analysis on Net
Stock Analysis on Net
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Honeywell International Inc. (NYSE:HON)

Common-Size Income Statement

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Honeywell International Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Product sales 75.26 78.58 79.73 79.80 79.56
Service sales 24.74 21.42 20.27 20.20 20.44
Net sales 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of products sold -52.49 -56.54 -55.90 -56.41 -56.44
Cost of services sold -13.81 -12.95 -12.13 -12.67 -12.89
Cost of products and services sold -66.30% -69.48% -68.03% -69.08% -69.33%
Gross profit 33.70% 30.52% 31.97% 30.92% 30.67%
Selling, general and administrative expenses -15.03 -14.48 -14.33 -13.92 -12.98
Operating income 18.66% 16.04% 17.64% 17.00% 17.70%
Interest income 0.69 0.52 0.37 0.27 0.27
Pension ongoing income, non-service 1.65 2.79 0.00 0.00 0.00
Other postretirement income, non-service 0.13 0.08 0.00 0.00 0.00
Equity income of affiliated companies 0.14 0.12 0.10 0.08 0.08
Gain (loss) on sale of non-strategic business and assets 0.00 0.00 -0.02 0.45 0.00
Foreign exchange 0.33 0.15 -0.04 -0.03 -0.11
Separation costs 0.00 -0.77 -0.04 0.00 0.00
Other, net -0.04 -0.14 -0.20 -0.51 -0.06
Other income (expense) 2.90% 2.75% 0.17% 0.26% 0.18%
Interest and other financial charges -0.97 -0.88 -0.78 -0.86 -0.80
Income before taxes 20.59% 17.91% 17.03% 16.40% 17.07%
Tax expense -3.62 -1.58 -12.84 -4.07 -4.51
Net income 16.97% 16.33% 4.19% 12.33% 12.56%
Net income attributable to the noncontrolling interest -0.24 -0.15 -0.11 -0.09 -0.20
Net income attributable to Honeywell 16.73% 16.18% 4.08% 12.24% 12.36%

Based on: 10-K (filing date: 2020-02-14), 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).

Income statement 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 decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Income 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 before taxes as a percentage of net sales increased from 2017 to 2018 and from 2018 to 2019.
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 increased from 2017 to 2018 and from 2018 to 2019.