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Honeywell International Inc. (NYSE:HON)


Cash Flow Statement

Beginner level

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Honeywell International Inc., consolidated cash flow statement

US$ in millions

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12 months ended Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net income attributable to Honeywell 6,143  6,765  1,655  4,809  4,768 
Depreciation 673  721  717  726  672 
Amortization 415  395  398  304  211 
(Gain) loss on sale of non-strategic businesses and assets —  (178)
Repositioning and other charges 546  1,091  1,021  695  546 
Net payments for repositioning and other charges (376) (652) (628) (625) (537)
Pension and other postretirement income (516) (987) (647) (360) (323)
Pension and other postretirement benefit payments (78) (80) (106) (143) (122)
Stock compensation expense 153  175  176  184  175 
Deferred income taxes 179  (586) 2,294  76  315 
Excess tax benefits from share based payment arrangements —  —  —  —  (81)
Other (287) (694) 1,642  194  (8)
Accounts receivable 11  (236) (682) (547) 211 
Inventories (100) (503) (259) (18) 230 
Other current assets (430) 218  (568) (106) 80 
Accounts payable 118  733  924  254  (17)
Accrued liabilities 445  74  22  233  (667)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures 44  286  (563) (184) (163)
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities 754  (331) 4,311  689  686 
Net cash provided by operating activities 6,897  6,434  5,966  5,498  5,454 
Expenditures for property, plant and equipment (839) (828) (1,031) (1,095) (1,073)
Proceeds from disposals of property, plant and equipment 43  15  86  21  15 
Increase in investments (4,253) (4,059) (6,743) (3,954) (6,714)
Decrease in investments 4,464  6,032  4,414  3,681  6,587 
Cash paid for acquisitions, net of cash acquired (50) (535) (82) (2,573) (5,228)
Proceeds from sales of businesses, net of fees paid —  —  —  296 
Other 102  402  (218) 282  (102)
Net cash (used for) provided by investing activities (533) 1,027  (3,574) (3,342) (6,514)
Proceeds from issuance of commercial paper and other short-term borrowings 14,199  23,891  13,701  18,997  12,992 
Payments of commercial paper and other short-term borrowings (14,199) (24,095) (13,532) (21,461) (8,727)
Proceeds from issuance of common stock 498  267  520  409  186 
Proceeds from issuance of long-term debt 2,726  27  1,238  9,245  60 
Payments of long-term debt (2,903) (1,330) (292) (2,839) (880)
Excess tax benefits from share based payment arrangements —  —  —  —  81 
Repurchases of common stock (4,400) (4,000) (2,889) (2,079) (1,884)
Cash dividends paid (2,442) (2,272) (2,119) (1,915) (1,726)
Payments to purchase the noncontrolling interest —  —  —  (238) — 
Pre-separation funding —  2,801  —  269  — 
Pre-spin borrowing —  —  —  38  — 
Spin-off cash —  (179) —  (38) — 
Other (79) (142) (143) (42) — 
Net cash provided by (used for) financing activities (6,600) (5,032) (3,516) 346  102 
Effect of foreign exchange rate changes on cash and cash equivalents 16  (201) 340  (114) (546)
Net increase (decrease) in cash and cash equivalents (220) 2,228  (784) 2,388  (1,504)
Cash and cash equivalents at beginning of period 9,287  7,059  7,843  5,455  6,959 
Cash and cash equivalents at end of period 9,067  9,287  7,059  7,843  5,455 

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).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Honeywell International Inc.’s net cash provided by operating activities increased from 2017 to 2018 and from 2018 to 2019.
Net cash (used for) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Honeywell International Inc.’s net cash (used for) provided by investing activities increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Net cash provided by (used for) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Honeywell International Inc.’s net cash provided by (used for) financing activities decreased from 2017 to 2018 and from 2018 to 2019.