Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

$24.99

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Honeywell International Inc., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Product sales
Service sales
Net sales
Cost of products sold
Cost of services sold
Cost of products and services sold
Gross profit
Research and development expenses
Selling, general and administrative expenses
Operating income
Interest income
Pension ongoing income, non-service
Other postretirement income, non-service
Equity income of affiliated companies
Gain (loss) on sale of non-strategic businesses and assets
Foreign exchange gain (loss)
Expense related to UOP Matters
(Expense) benefit related to Russia-Ukraine conflict
Reimbursement receivables charge
Net expense related to the NARCO Buyout and HWI Sale
Other, net
Other income (expense)
Interest and other financial charges
Income before taxes
Tax expense
Net income
Net income attributable to the noncontrolling interest
Net income attributable to Honeywell

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).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Honeywell International Inc. net sales increased from 2021 to 2022 and from 2022 to 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. Honeywell International Inc. operating income increased from 2021 to 2022 and from 2022 to 2023.
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. income before taxes decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
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. net income attributable to Honeywell decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.