Revenue during the quarter went down marginally by 1.16 percent to $10,266 million from $10,387 million in the previous year period. Gross margin for the quarter contracted 42 basis points over the previous year period to 26.30 percent. Operating margin for the quarter stood at negative 61 percent as compared to a negative 59.43 percent for the previous year period.

Operating loss for the quarter was $6,262 million, compared with an operating loss of $6,173 million in the previous year period.

Honeywell International has generated cash of $5,024 million from operating activities during the year, up 15.89 percent or $689 million, when compared with the last year.

The company has spent $1,876 million cash to meet investing activities during the year as against cash outgo of $1,959 million in the last year. It has incurred net capital expenditure of $1,076 million on net basis during the year, up 15.45 percent or $144 million from year ago.

The company has spent $2,272 million cash to carry out financing activities during the year as against cash outgo of $433 million in the last year period. It has made net debt repayment of $551 million. It has spent net of $659 million on repurchase of common stocks.

Cash and cash equivalents stood at $6,959 million as on Dec. 31, 2014, up 8.36 percent or $537 million from $6,422 million on Dec. 31, 2013.

Working capital increases

Honeywell International has recorded an increase in the working capital over the last year. It stood at $7,418 million as at Dec. 31, 2014, up 6.23 percent or $435 million from $6,983 million on Dec. 31, 2013. Current ratio was at 1.50 as on Dec. 31, 2014, up from 1.49 on Dec. 31, 2013.