Stock Analysis on Net
Stock Analysis on Net

Honeywell International Inc. (NYSE:HON)

Cash Flow Statement
Quarterly Data

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 flows 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 (quarterly data)

US$ in millions

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3 months ended: Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Net income attributable to Honeywell 1,427  1,359  758  1,081  1,581  1,562  1,624  1,541  1,416  1,721  2,338  1,267  1,439  (2,411) 1,348  1,392  1,326  1,034  1,240  1,319  1,216 
Depreciation 171  164  166  161  153  173  165  172  163  163  186  193  179  183  180  184  170  180  182  185  179 
Amortization 170  90  89  89  90  96  98  123  98  91  100  95  109  100  105  92  101  77  78  75  74 
Gain on sale of non-strategic businesses and assets (90) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Repositioning and other charges 141  89  144  280  62  240  96  126  84  335  299  266  191  438  230  224  129  128  302  140  125 
Net payments for repositioning and other charges (195) (181) (343) (198) (111) (219) (72) (51) (34) (133) (191) (187) (141) (234) (130) (127) (137) (205) (154) (132) (134)
Pension and other postretirement income (293) (165) (210) (211) (212) (32) (162) (159) (163) (218) (259) (256) (254) (85) (189) (190) (183) 111  (153) (159) (159)
Pension and other postretirement benefit payments (14) (10) (14) (9) (14) (28) (5) (15) (30) (13) (23) (8) (36) (35) (24) (23) (24) (33) (29) (43) (38)
Stock compensation expense 77  50  40  34  44  41  37  34  41  44  41  38  52  43  39  44  50  39  49  43  53 
Deferred income taxes 63  114  (12) (219) (58) 477  (342) (36) 80  (104) (596) 67  47  2,370  16  (50) (42) (70) (36) 134  48 
Reimbursement receivables charge —  159  350  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other (96) 34  (84) (106) (179) (384) 93  (4) (531) (241) 76  1,687  (30) (22) 14  225  (184) (113) 88 
Accounts receivable 143  54  (161) 735  41  89  (176) (100) 198  (367) 34  158  (61) (274) (132) (299) 23  (55) (135) (149) (208)
Inventories (158) 217  47  (168) (163) 176  (3) (52) (221) (44) (270) (26) (163) 141  (102) (12) (286) 215  (21) 29  (241)
Other current assets (66) (55) 140  (60) 166  (362) 171  (22) (217) (138) 182  217  (43) (581) 16  22  (25) (106) 138  (84) (54)
Accounts payable 57  475  (96) (310) (54) 207  (81) 21  (29) 267  242  167  57  520  90  199  115  272  (18) 113  (113)
Accrued liabilities (359) 388  193  381  (407) 578  28  87  (248) 486  36  (206) (242) 310  (10) 13  (291) 230  295  225  (517)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures (383) 1,079  123  578  (417) 688  (61) (66) (517) 204  224  310  (452) 116  (138) (77) (464) 556  259  134  (1,133)
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities (449) 1,423  249  399  (642) 1,052  (153) 137  (282) (162) (460) 594  (303) 4,583  59  55  (386) 1,008  314  264  (897)
Net cash provided by operating activities 978  2,782  1,007  1,480  939  2,614  1,471  1,678  1,134  1,559  1,878  1,861  1,136  2,172  1,407  1,447  940  2,042  1,554  1,583  319 
Expenditures for property, plant and equipment (221) (291) (249) (227) (139) (335) (192) (171) (141) (306) (183) (199) (140) (418) (212) (233) (168) (346) (274) (281) (194)
Proceeds from disposals of property, plant and equipment 14  40  10  —  31  11  40  21  24  17  — 
Increase in investments (736) (865) (700) (1,023) (648) (1,035) (944) (1,048) (1,226) (1,177) (1,095) (1,204) (583) (2,594) (1,820) (1,073) (1,256) (871) (1,262) (985) (836)
Decrease in investments 612  874  1,045  746  843  1,146  1,155  1,367  796  1,398  1,126  1,670  1,838  1,621  952  1,016  825  1,023  873  905  880 
(Payments) receipts from settlements of derivative contracts 140  (74) (158) (204) 287  (143) 175  110  (40) 152  30  343  (123) (22) (83) (84) (29) 124  106  43 
Cash paid for acquisitions, net of cash acquired (1,303) (261) —  —  —  (46) (4) —  —  (484) (51) —  —  (10) (57) (15) —  (5) (1,484) (28) (1,056)
Proceeds from sales of businesses, net of fees paid 190  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (8) 304  —  — 
Net cash (used for) provided by investing activities (1,304) (577) (52) (708) 350  (411) 221  266  (609) (406) (172) 611  994  (1,383) (1,199) (388) (604) (66) (1,734) (346) (1,196)
Proceeds from issuance of commercial paper and other short-term borrowings 1,268  1,897  1,412  3,710  3,455  3,907  3,178  3,796  3,318  4,591  6,551  6,073  6,676  4,893  3,772  2,568  2,468  2,848  5,455  4,394  6,300 
Payments of commercial paper and other short-term borrowings (1,266) (1,888) (1,418) (3,721) (3,373) (3,906) (3,178) (3,796) (3,319) (4,942) (7,001) (6,823) (5,329) (4,924) (3,773) (2,368) (2,467) (4,887) (3,656) (4,168) (8,750)
Proceeds from issuance of common stock 67  230  66  31  66  73  47  233  145  25  115  67  60  57  87  155  221  23  143  138  105 
Proceeds from issuance of long-term debt 23  20  3,004  5,974  1,127  2,696  20  21  1,199  23  11  4,735  37  25  4,448 
Payments of long-term debt (817) (71) (3,019) (93) (1,125) (2,783) (36) (71) (13) (27) (26) (31) (1,246) (223) (39) (25) (5) (2,361) (8) (51) (419)
Repurchases of common stock (822) (1,565) (164) (62) (1,923) (750) (1,000) (1,900) (750) (1,692) (604) (764) (940) (1,554) (343) (682) (310) (213) (233) (477) (1,156)
Cash dividends paid (640) (671) (636) (650) (635) (644) (595) (597) (606) (603) (553) (560) (556) (565) (505) (546) (503) (505) (453) (458) (499)
Payments to purchase the noncontrolling interest —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (238)
Pre-separation funding —  —  —  —  —  —  —  —  —  1,197  1,604  —  —  —  —  —  —  —  269  —  — 
Pre-spin borrowing —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  38  —  — 
Spin-off cash —  —  —  —  —  —  —  —  —  (179) —  —  —  —  —  —  —  —  (38) —  — 
Other (30) (5) (14) (2) (38) (7) (40) (2) (30) (1) (23) (2) (116) (12) (26) (72) (33) (2) (25) (1) (14)
Net cash provided by (used for) financing activities (2,217) (2,053) (769) 5,187  (2,446) (4,109) 1,072  (2,328) (1,235) (1,630) 84  (2,038) (1,448) (1,129) (804) (965) (618) (362) 1,529  (598) (223)
Effect of foreign exchange rate changes on cash and cash equivalents (14) 87  72  98  (189) 65  (81) (16) 48  (39) (69) (249) 156  10  108  73  149  (202) 37  (67) 118 
Net increase (decrease) in cash and cash equivalents (2,557) 239  258  6,057  (1,346) (1,841) 2,683  (400) (662) (516) 1,721  185  838  (330) (488) 167  (133) 1,412  1,386  572  (982)

Based on: 10-Q (filing date: 2021-04-23), 10-K (filing date: 2021-02-12), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22).

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 Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.
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 decreased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.