Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

Cash Flow Statement

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

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income 5,672 4,967 5,610 4,865 6,230
Net income attributable to the noncontrolling interest (14) (1) (68) (86) (87)
Net income attributable to Honeywell 5,658 4,966 5,542 4,779 6,143
Depreciation 659 657 674 644 673
Amortization 517 547 549 358 415
(Gain) loss on sale of non-strategic businesses and assets (5) (22) (102) 3 1
Repositioning and other charges 860 1,266 569 575 546
Net payments for repositioning and other charges (459) (512) (692) (833) (376)
NARCO Buyout payment (1,325)
Pension and other postretirement income (406) (510) (1,114) (798) (516)
Pension and other postretirement benefit payments (38) (23) (43) (47) (78)
Stock compensation expense 202 188 217 168 153
Deferred income taxes 153 (180) 178 (175) 179
Reimbursement receivables charge 509
Other (837) (358) (28) (338) (287)
Accounts receivable (42) (739) (8) 669 11
Inventories (626) (440) (685) (67) (100)
Other current assets 17 232 (276) 191 (430)
Accounts payable 518 (155) 744 15 118
Accrued liabilities 494 357 513 555 445
Changes in assets and liabilities, net of the effects of acquisitions and divestitures 361 (745) 288 1,363 44
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities (318) 308 496 1,429 754
Net cash provided by operating activities 5,340 5,274 6,038 6,208 6,897
Capital expenditures (1,039) (766) (895) (906) (839)
Proceeds from disposals of property, plant and equipment 43 29 27 57 43
Increase in investments (560) (1,211) (2,373) (3,236) (4,253)
Decrease in investments 971 1,255 2,525 3,508 4,464
Receipts from Garrett Motion Inc. 409 586
(Payments) receipts from settlements of derivative contracts 6 369 192 (149) 102
Cash paid for acquisitions, net of cash acquired (718) (178) (1,326) (261) (50)
Proceeds from sales of businesses, net of fees paid 4 203
Net cash used for investing activities (1,293) (93) (1,061) (987) (533)
Proceeds from issuance of commercial paper and other short-term borrowings 12,991 7,661 5,194 10,474 14,199
Payments of commercial paper and other short-term borrowings (13,663) (8,447) (5,190) (10,400) (14,199)
Proceeds from issuance of common stock 196 320 229 393 498
Proceeds from issuance of long-term debt 2,986 2,953 2,517 10,125 2,726
Payments of long-term debt (1,731) (1,850) (4,917) (4,308) (2,903)
Repurchases of common stock (3,715) (4,200) (3,380) (3,714) (4,400)
Cash dividends paid (2,855) (2,719) (2,626) (2,592) (2,442)
Other 28 (48) (81) (59) (79)
Net cash used for financing activities (5,763) (6,330) (8,254) (81) (6,600)
Effect of foreign exchange rate changes on cash and cash equivalents 14 (183) (39) 68 16
Net increase (decrease) in cash and cash equivalents (1,702) (1,332) (3,316) 5,208 (220)
Cash and cash equivalents at beginning of period 9,627 10,959 14,275 9,067 9,287
Cash and cash equivalents at end of period 7,925 9,627 10,959 14,275 9,067

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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. net cash provided by operating activities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Net cash used for 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. net cash used for investing activities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Net cash 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. net cash used for financing activities increased from 2021 to 2022 and from 2022 to 2023.