← Howmet Aerospace Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($941.0m) | ($74.0m) | $642.0m | $470.0m | $261.0m | $258.0m | $469.0m | $765.0m | $1.2b | $1.5b | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($1.0b) | ($127.0m) | $640.0m | $468.0m | $259.0m | $256.0m | $467.0m | $763.0m | $1.2b | $1.5b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($878.0m) | ($74.0m) | $642.0m | $470.0m | $261.0m | $258.0m | $469.0m | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($1.1b) | ($127.0m) | $640.0m | — | $211.0m | $258.0m | $469.0m | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($1.1b) | ($74.0m) | $642.0m | $470.0m | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $184.0m | $0 | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $121.0m | $0 | $0 | — | $50.0m | $0 | $0 | — | — | — | |
| Depreciation, Depletion and Amortization | $1.1b | $551.0m | $576.0m | $536.0m | $338.0m | $270.0m | $265.0m | $272.0m | $277.0m | $283.0m | |
| Amortization of Intangible Assets | $65.0m | $71.0m | $81.0m | $70.0m | $40.0m | $36.0m | $36.0m | $35.0m | $33.0m | $32.0m | |
| Depreciation | $1.1b | $551.0m | $576.0m | $536.0m | $236.0m | $232.0m | $227.0m | $236.0m | $243.0m | $248.0m | |
| Deferred Income Tax Expense (Benefit) | $1.1b | $448.0m | $39.0m | ($12.0m) | ($38.0m) | $38.0m | $81.0m | $109.0m | $56.0m | $17.0m | |
| Share-based Payment Arrangement, Noncash Expense | $86.0m | $54.0m | $50.0m | $78.0m | $46.0m | $40.0m | $54.0m | $50.0m | $63.0m | $73.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $77.0m | $49.0m | $46.0m | |
| Goodwill, Impairment Loss | — | $719.0m | $0 | $0 | $0 | $4.0m | — | — | — | $0 | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | — | $23.0m | $21.0m | $84.0m | |
| Gain (Loss) on Disposition of Assets | $156.0m | $513.0m | ($10.0m) | ($7.0m) | ($8.0m) | ($9.0m) | ($18.0m) | ($22.0m) | ($25.0m) | ($22.0m) | |
| Gain (Loss) on Disposition of Business | ($3.0m) | ($57.0m) | $109.0m | $20.0m | ($8.0m) | — | — | — | — | — | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | $3.0m | $12.0m | $8.0m | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | $513.0m | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($146.0m) | ($2.0m) | ($2.0m) | ($6.0m) | ($15.0m) | |
| Income (Loss) from Equity Method Investments | — | $0 | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $1.5b | $544.0m | $226.0m | $105.0m | ($40.0m) | $66.0m | $137.0m | $210.0m | $228.0m | $332.0m | |
| Other Nonoperating Income (Expense) | — | $103.0m | $46.0m | ($25.0m) | ($46.0m) | $7.0m | $2.0m | $3.0m | $0 | $1.0m | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | ($42.0m) | $0 | $0 | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | $29.0m | $192.0m | $74.0m | $3.0m | ($74.0m) | ($60.0m) | $234.0m | $142.0m | $106.0m | $50.0m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $5.0m | ($26.0m) | $1.0m | $11.0m | ($2.0m) | $1.0m | $2.0m | ($13.0m) | $3.0m | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | ($22.0m) | ($25.0m) | ($22.0m) | |
| Goodwill | $5.1b | $4.5b | $4.5b | $4.5b | $4.1b | $4.1b | $4.0b | $4.0b | $4.0b | $4.0b | |
| Investment Income, Interest | — | $19.0m | — | — | — | — | — | — | $20.0m | $20.0m | |
| Nonoperating Income (Expense) | $94.0m | $640.0m | ($79.0m) | ($122.0m) | ($74.0m) | ($19.0m) | ($82.0m) | ($8.0m) | ($62.0m) | ($40.0m) | |
| Proceeds from Contributions from Affiliates | $51.0m | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $4.0m | $50.0m | $16.0m | $56.0m | $33.0m | $22.0m | $16.0m | $11.0m | $8.0m | $1.0m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $14.0b | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | $0 | — | — | — | — | — | — | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | — | — | ($5.0m) | $0 | ($89.0m) | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | — | — | — | — | — | ($75.0m) | ($58.0m) | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $870.0m | $701.0m | $217.0m | $406.0m | $9.0m | $449.0m | $733.0m | $901.0m | $1.3b | $1.9b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.1b | $596.0m | $768.0m | $586.0m | $267.0m | $199.0m | $193.0m | $219.0m | $321.0m | $453.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | ($10.0m) | $0 | $0 | — | — | — | — | — | $5.0m | $0 | |
| Payments to Acquire Investments | $52.0m | $2.0m | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Investments | — | — | ($10.0m) | ($7.0m) | ($8.0m) | ($9.0m) | ($18.0m) | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | ($16.0m) | ($245.0m) | $1.0m | $2.0m | ($2.0m) | ($1.0m) | $0 | $0 | ($1.0m) | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($165.0m) | $1.3b | $565.0m | $583.0m | $271.0m | $107.0m | ($135.0m) | ($215.0m) | ($316.0m) | ($438.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $2.0b | $816.0m | $600.0m | $400.0m | $2.4b | $700.0m | $0 | $400.0m | $500.0m | $500.0m | |
| Repayments of Long-term Debt | $2.7b | $1.6b | $1.1b | $806.0m | $2.0b | $1.5b | $69.0m | $876.0m | $865.0m | $765.0m | |
| Payments for Repurchase of Common Stock | — | — | — | $1.1b | $73.0m | $430.0m | $400.0m | $250.0m | $500.0m | $700.0m | |
| Proceeds from Noncontrolling Interests | — | $0 | $0 | — | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | ($17.0m) | ($19.0m) | ($13.0m) | ($40.0m) | ($21.0m) | ($22.0m) | — | ($1.0m) | ($3.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($754.0m) | ($963.0m) | ($649.0m) | ($1.6b) | ($369.0m) | ($1.4b) | ($526.0m) | ($868.0m) | ($1.0b) | ($1.3b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($8.0m) | $9.0m | ($4.0m) | $0 | ($3.0m) | ($1.0m) | ($2.0m) | $0 | ($1.0m) | $1.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($8.0m) | $9.0m | ($4.0m) | ($579.0m) | ($92.0m) | ($889.0m) | $70.0m | ($182.0m) | ($45.0m) | $178.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($8.0m) | $9.0m | $2.3b | $1.7b | $1.6b | $722.0m | $792.0m | $610.0m | $565.0m | $743.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $524.0m | $508.0m | $391.0m | $340.0m | $401.0m | $267.0m | $224.0m | $221.0m | $180.0m | $157.0m | |
| Income Taxes Paid, Net | $324.0m | $118.0m | $74.0m | $122.0m | ($33.0m) | $53.0m | $50.0m | $104.0m | $177.0m | $312.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.