Revenue during the quarter went up marginally by 0.03 percent to $9,985 million from $9,982 million in the previous year period. Gross margin for the quarter expanded 40 basis points over the previous year period to 31.11 percent. Total expenses were 83.85 percent of quarterly revenues, up from 82.64 percent for the same period last year. That has resulted in a contraction of 121 basis points in operating margin to 16.15 percent.

Operating income for the quarter was $1,613 million, compared with $1,733 million in the previous year period.

"We finished 2016 with a strong fourth quarter, achieving 14% earnings growth (excluding divestitures and charges for pension mark-to-market and debt refinancing), 90 basis points of segment margin expansion excluding M&A, and free cash flow conversion of 126%," said Honeywell chairman and chief executive officer Dave Cote. "For the full year, we delivered earnings growth of 8% (excluding charges for pension mark-to-market and debt refinancing) and drove strong operational segment margin expansion while making significant investments for the future, including over $250 million in incremental Aerospace OEM incentives (the equivalent of four percentage points of EPS). "

The company has spent $3,342 million cash to meet investing activities during the year as against cash outgo of $6,514 million in the last year. It has incurred net capital expenditure of $1,074 million on net basis during the year, up 1.51 percent or $16 million from year ago.

Cash flow from financing activities was $346 million for the year, up 835.14 percent or $309 million, when compared with the last year.

Cash and cash equivalents stood at $7,843 million as on Dec. 31, 2016, up 43.78 percent or $2,388 million from $5,455 million on Dec. 31, 2015.

Working capital increases sharply
Honeywell International has recorded an increase in the working capital over the last year. It stood at $6,727 million as at Dec. 31, 2016, up 299.94 percent or $5,045 million from $1,682 million on Dec. 31, 2015. Current ratio was at 1.41 as on Dec. 31, 2016, up from 1.09 on Dec. 31, 2015.

Debt increases substantially
Honeywell International has witnessed an increase in total debt over the last one year. It stood at $15,775 million as on Dec. 31, 2016, up 30.72 percent or $3,707 million from $12,068 million on Dec. 31, 2015. Total debt was 29.13 percent of total assets as on Dec. 31, 2016, compared with 24.47 percent on Dec. 31, 2015. Debt to equity ratio was at 0.81 as on Dec. 31, 2016, up from 0.66 as on Dec. 31, 2015.