Howmet Aerospace Inc.

HWM

HWMHowmet Aerospace Inc. US flag

New York Stock Exchange

248.66

USD

-2.06

- -

99.49BMarket Cap

Income Statement (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	12,542	12,413	12,394	12,960	6,778	7,098	5,259	4,972	5,663	6,640	7,430	8,252
+ Sales & Services Revenue	12,542	12,413	12,394	12,960	6,778	7,098	5,259	4,972	5,663	6,640	7,430	8,252
- Cost of Revenue	10,349	10,104	9,696	10,221	5,114	5,214	3,878	3,596	4,103	4,773	5,119	5,432
+ Cost of Goods & Services	10,349	10,104	9,696	10,221	5,114	5,214	3,878	3,596	4,103	4,773	5,119	5,432
Gross Profit	2,193	2,309	2,698	2,739	1,664	1,884	1,381	1,376	1,560	1,867	2,311	2,820
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,329	1,442	1,589	1,375	718	747	583	546	577	651	672	705
+ Selling, General & Admin	770	765	924	715	363	424	287	259	280	343	362	385
+ Research & Development	123	169	130	109	41	28	17	17	32	36	33	37
+ Other Operating Expense	436	508	535	551	314	295	279	270	265	272	277	283
Operating Income (Loss)	864	867	1,109	1,364	946	1,137	798	830	983	1,216	1,639	2,115
- Non-Operating (Income) Loss	751	684	695	894	518	927	627	506	377	241	256	275
+ Interest Expense, Net	423	457	483	477	355	314	312	257	223	195	162	131
+ Interest Expense	442	473	499	496	377	338	317	259	229	218	182	151
- Interest Income	19	16	16	19	22	24	5	2	6	23	20	20
+ Other Non-Op (Income) Loss	328	227	212	417	163	613	315	249	154	46	94	144
Pretax Income	113	183	414	470	428	210	171	324	606	975	1,383	1,840
- Income Tax Expense (Benefit)	174	339	1,476	544	119	84	-40	66	137	210	228	332
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-61	-156	-1,062	-74	309	126	211	258	469	765	1,155	1,508
- Net Extraordinary Losses (Gains)	-420	291	-58	- -	-333	-344	-50	- -	- -	- -	- -	- -
+ Discontinued Operations	238	-41	184	- -	333	344	50	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-658	332	-242	- -	-666	-688	-100	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	359	-447	-1,004	-74	642	470	261	258	469	765	1,155	1,508
- Minority Interest	91	-125	-63	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	268	-322	-941	-74	642	470	261	258	469	765	1,155	1,508
- Preferred Dividends	21	69	69	53	2	2	2	2	2	2	2	2
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	247	-391	-1,010	-127	640	468	259	256	467	763	1,153	1,506
EBIT	864	867	1,109	1,364	946	1,137	798	830	983	1,216	1,639	2,115
EBITDA	2,236	2,147	2,241	1,915	1,522	1,673	1,136	1,100	1,248	1,488	1,916	2,398
EBITDA Margin (%)	17.83	17.3	18.08	14.78	22.46	23.57	21.6	22.12	22.04	22.41	25.79	29.06
EBITA	864	867	1,109	1,364	946	1,137	798	830	983	1,216	1,639	2,115
Gross Margin (%)	17.49	18.6	21.77	21.13	24.55	26.54	26.26	27.67	27.55	28.12	31.1	34.17
Operating Margin (%)	6.89	6.98	8.95	10.52	13.96	16.02	15.17	16.69	17.36	18.31	22.06	25.63
Profit Margin (%)	2.14	-2.59	-7.59	-0.57	9.47	6.62	4.96	5.19	8.28	11.52	15.55	18.27
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.37	0.51	0.52	0.36	0.25	0.13	0.03	0.04	0.11	0.18	0.27	0.45
Depreciation Expense	1,372	1,280	1,132	551	576	536	338	270	265	272	277	283
Basic Weighted Avg Shares	439	439	438	451	483	446	435	430	416	412	408	404
Basic EPS, GAAP	0.56	-0.89	-2.3	-0.28	1.33	1.05	0.6	0.6	1.12	1.85	2.83	3.73
Basic EPS from Cont Ops	-0.14	-0.36	-2.42	-0.16	0.64	0.28	0.48	0.6	1.13	1.86	2.83	3.73
Diluted Weighted Avg Shares	439	439	438	451	503	463	439	435	421	416	410	406
Diluted EPS, GAAP	0.56	-0.89	-2.3	-0.28	1.27	1.01	0.59	0.59	1.11	1.83	2.81	3.71
Diluted EPS from Cont Ops	-0.14	-0.36	-2.42	-0.16	0.61	0.27	0.48	0.59	1.11	1.84	2.82	3.71

Balance Sheet (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	7,953	5,892	6,378	6,581	5,843	3,672	2,737	3,143	3,316	3,362	3,779
+ Cash, Cash Equivalents & STI	- -	1,362	1,863	2,150	2,277	1,577	1,610	720	791	610	564	742
+ Cash & Cash Equivalents	- -	1,362	1,863	2,150	2,277	1,577	1,610	720	791	610	564	742
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	1,354	1,451	1,374	1,498	932	357	420	537	692	709	796
+ Accounts Receivable, Net	- -	960	974	1,035	1,047	583	328	367	506	675	689	779
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	394	477	339	451	349	29	53	31	17	20	17
+ Inventories	- -	2,284	2,253	2,480	2,492	1,607	1,488	1,402	1,609	1,765	1,840	1,849
+ Raw Materials	- -	497	484	462	453	342	331	293	371	423	479	502
+ Work In Process	- -	1,115	1,144	1,349	1,371	741	629	631	748	891	903	885
+ Finished Goods	- -	672	625	669	668	524	528	478	490	451	458	462
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	2,953	325	374	314	1,727	217	195	206	249	249	392
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	28,524	14,146	12,340	12,112	11,719	7,771	7,482	7,112	7,112	7,157	7,400
+ Property, Plant & Equip, Net	- -	5,425	5,499	5,594	5,704	2,629	2,723	2,575	2,443	2,456	2,541	2,755
+ Property, Plant & Equip	- -	11,568	11,572	11,986	12,473	5,078	5,349	5,347	5,301	5,537	5,691	5,991
- Accumulated Depreciation	- -	6,143	6,073	6,392	6,769	2,449	2,626	2,772	2,858	3,081	3,150	3,236
+ LT Investments & Receivables	- -	193	1,020	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	193	1,020	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	22,906	7,627	6,746	6,408	9,090	5,048	4,907	4,669	4,656	4,616	4,645
+ Total Intangible Assets	- -	6,353	6,136	5,522	5,419	4,666	4,673	4,616	4,534	4,540	4,485	4,479
+ Goodwill	- -	5,249	5,148	4,535	4,500	4,067	4,102	4,067	4,013	4,035	4,010	4,022
+ Other Intangible Assets	- -	1,104	988	987	919	599	571	549	521	505	475	457
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	16,553	1,491	1,224	989	4,424	375	291	135	116	131	166
Total Assets	- -	36,477	20,038	18,718	18,693	17,562	11,443	10,219	10,255	10,428	10,519	11,179
+ Payables & Accruals	- -	1,783	1,982	2,038	2,360	1,153	790	867	1,085	1,115	1,067	969
+ Accounts Payable	- -	1,510	1,744	1,839	2,129	976	599	732	962	982	948	845
+ Accrued Taxes	- -	103	85	75	118	65	102	61	48	68	60	77
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	170	153	124	113	112	89	74	75	65	59	47
+ ST Debt	- -	41	40	38	434	1,034	414	38	32	238	43	233
+ ST Borrowings	- -	41	40	38	434	1,034	376	5	- -	206	6	191
+ ST Finance Leases	- -	- -	- -	- -	- -	71	38	33	32	32	37	42
+ Other ST Liabilities	- -	3,387	727	748	726	1,938	456	348	365	431	439	569
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	60	147
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	3,387	727	748	726	1,938	456	348	365	431	379	422
Total Current Liabilities	- -	5,211	2,749	2,824	3,520	4,125	1,660	1,253	1,482	1,784	1,549	1,771
+ LT Debt	- -	8,786	8,044	6,806	5,896	4,906	4,799	4,308	4,245	3,597	3,428	2,980
+ LT Borrowings	- -	8,786	8,044	6,806	5,896	4,906	4,699	4,227	4,162	3,500	3,309	2,859
+ LT Finance Leases	- -	- -	- -	- -	- -	194	100	81	83	97	119	121
+ Other LT Liabilities	- -	8,349	4,104	4,164	3,692	3,926	1,407	1,150	927	1,010	988	1,075
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	3,079	3,450	3,623	2,953	1,230	1,183	924	742	756	679	584
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	5,270	654	541	739	2,696	224	226	185	254	309	491
Total Noncurrent Liabilities	- -	17,135	12,148	10,970	9,588	8,832	6,206	5,458	5,172	4,607	4,416	4,055
Total Liabilities	- -	22,346	14,897	13,794	13,108	12,957	7,866	6,711	6,654	6,391	5,965	5,826
+ Preferred Equity and Hybrid Capital	- -	58	58	55	55	55	55	55	55	55	55	- -
+ Share Capital & APIC	- -	11,410	8,652	8,747	8,802	7,752	5,101	4,713	4,359	4,092	3,611	2,933
+ Common Stock	- -	1,391	438	481	483	433	433	422	412	410	405	402
+ Additional Paid in Capital	- -	10,019	8,214	8,266	8,319	7,319	4,668	4,291	3,947	3,682	3,206	2,531
- Treasury Stock	- -	2,825	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	8,834	-1,027	-1,248	-358	113	364	603	1,028	1,720	2,766	4,093
+ Other Equity	- -	-5,431	-2,568	-2,644	-2,926	-3,329	-1,943	-1,863	-1,841	-1,830	-1,878	-1,673
Equity Before Minority Interest	- -	12,046	5,115	4,910	5,573	4,591	3,577	3,508	3,601	4,037	4,554	5,353
+ Minority/Non Controlling Interest	- -	2,085	26	14	12	14	- -	- -	- -	- -	- -	- -
Total Equity	- -	14,131	5,141	4,924	5,585	4,605	3,577	3,508	3,601	4,037	4,554	5,353
Total Liabilities & Equity	- -	36,477	20,038	18,718	18,693	17,562	11,443	10,219	10,255	10,428	10,519	11,179
Shares Outstanding	- -	439	439	481	483	433	433	422	412	410	405	402
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	265	138	114	115	129	156	163
Net Debt	- -	7,465	6,221	4,694	4,053	4,363	3,465	3,512	3,371	3,096	2,751	2,308
Net Debt to Equity	- -	52.83	121.01	95.33	72.57	94.74	96.87	100.11	93.61	76.69	60.41	43.12
Tangible Common Equity Ratio	- -	25.63	-7.57	-4.95	0.84	-0.9	-17	-20.76	-17.27	-9.48	0.23	13.04
Current Ratio	- -	1.53	2.14	2.26	1.87	1.42	2.21	2.18	2.12	1.86	2.17	2.13
Cash Conversion Cycle	- -	33.12	52.43	50.21	92.22	54.48	100.8	102.98	90.33	89.49	94.21	96.27

Cash Flow Statement (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	177	-197	-878	-74	642	470	261	258	469	765	1,155	1,508
+ Depreciation & Amortization	1,372	1,280	1,132	551	576	536	338	270	265	272	277	283
+ Non-Cash Items	1,256	1,404	1,431	891	7	528	72	266	202	209	132	191
+ Stock-Based Compensation	87	92	86	67	50	60	45	41	54	50	63	73
+ Deferred Income Taxes	-35	34	1,125	434	31	-19	2	38	79	108	55	17
+ Asset Impairment Charge	- -	25	- -	719	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	1,204	1,253	220	-329	-74	487	25	187	69	51	14	101
+ Chg in Non-Cash Work Cap	-1,131	-905	-1,590	-1,407	-1,008	-1,073	-662	-345	-203	-345	-266	-98
+ (Inc) Dec in Accts Receiv	-312	212	-1,016	-915	-1,142	-977	-238	-337	-161	-164	-57	-109
+ (Inc) Dec in Inventories	-355	-64	-29	-192	-74	-3	74	60	-234	-142	-106	-50
+ (Inc) Dec in Prepaid Assets	-25	46	-76	11	-1	4	-2	11	-6	-24	-14	-10
+ Inc (Dec) in Accts Payable	-195	-527	-162	-54	149	-43	-598	-2	269	30	-44	23
+ Inc (Dec) in Other	-244	-572	-307	-257	60	-54	102	-77	-71	-45	-45	48
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,674	1,582	95	-39	217	461	9	449	733	901	1,298	1,884
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	-1,150	-73	-430	-400	-250	-500	-700
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	-1,150	-73	-430	-400	-250	-500	-700
+ Net Change in LT Investment	-138	-94	228	888	9	73	- -	6	- -	2	- -	6
+ Dec in LT Investment	57	40	280	890	9	73	- -	6	- -	2	- -	15
+ Inc in LT Investment	-195	-134	-52	-2	- -	- -	- -	- -	- -	- -	- -	-9
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-5	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-5	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-3,322	-966	363	432	556	455	271	101	-135	-217	-311	-444
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-3,460	-1,060	591	1,320	565	528	271	107	-135	-215	-316	-438
+ Dividends Paid	-161	-223	-228	-162	-119	-57	-11	-19	-44	-73	-109	-181
+ Net Cash From Debt	1,155	-129	-772	-818	-503	-406	357	-838	-69	-476	-365	-265
+ Cash From Debt	2,878	1,901	1,962	816	600	400	2,400	700	- -	400	500	500
+ Repayments of Debt	-1,723	-2,030	-2,734	-1,634	-1,103	-806	-2,043	-1,538	-69	-876	-865	-765
+ Other Financing Activities	1,256	-89	243	-35	-27	45	-642	-157	-13	-69	-52	-123
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	2,250	-441	-757	-1,015	-649	-1,568	-369	-1,444	-526	-868	-1,026	-1,269
Effect of Foreign Exchange Rates	-24	-39	-8	9	-4	- -	-3	-1	-2	- -	-1	1
Net Changes in Cash	464	81	-71	266	133	-579	-89	-888	72	-182	-44	177
EBITDA	2,236	2,147	2,241	1,915	1,522	1,673	1,136	1,100	1,248	1,488	1,916	2,398
EBITDA Margin (%)	17.83	17.3	18.08	14.78	22.46	23.57	21.6	22.12	22.04	22.41	25.79	29.06
Free Cash Flow	1,674	1,582	95	-39	217	461	9	449	733	901	1,298	1,884
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	- -
Free Cash Flow to Firm	1,435	1,179	-1,185	-117	489	664	- -	655	910	1,072	1,450	2,008
Free Cash Flow to Equity	- -	1,442	-746	-913	-288	53	364	-391	662	423	931	1,562
Free Cash Flow per Basic Share	3.82	3.61	0.22	-0.09	0.45	1.03	0.02	1.04	1.76	2.19	3.18	4.66
Price/Free Cash Flow	8.8	5.88	85.53	-315.04	39.05	30.89	1,393.06	30.87	22.66	24.99	34.55	44.18
Cash Flow to Net Income	6.25	-4.91	-0.1	0.53	0.34	0.98	0.03	1.74	1.56	1.18	1.12	1.25
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -