Howmet Aerospace Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,508	1,155	765	469	258
Depreciation & Amortization	283	277	272	265	270
Loss (Gain) From Sale of Assets	-6	12	-1	-8	-12
Asset Writedown & Restructuring Costs	3	12	17	1	30
Stock-Based Compensation	73	63	50	54	41
Other Operating Activities	191	124	179	198	303
Change in Accounts Receivable	-109	-57	-164	-161	-337
Change in Inventory	-50	-106	-142	-234	60
Change in Accounts Payable	-73	-49	-7	246	144
Change in Income Taxes	-6	-14	-7	-12	-41
Change in Other Net Operating Assets	70	-119	-61	-85	-267
Operating Cash Flow	1,884	1,298	901	733	449
Operating Cash Flow Growth	45.15%	44.06%	22.92%	63.25%	4888.89%
Capital Expenditures	-453	-321	-219	-193	-199
Sale of Property, Plant & Equipment	9	9	2	58	24
Cash Acquisitions	-	-5	-	-	-
Divestitures	-	-	-	-	8
Investment in Securities	6	-	2	-	6
Other Investing Activities	-	1	-	-	268
Investing Cash Flow	-438	-316	-215	-135	107
Long-Term Debt Issued	500	500	400	-	700
Total Debt Issued	500	500	400	-	700
Short-Term Debt Repaid	-	-	-	-5	-9
Long-Term Debt Repaid	-765	-865	-876	-69	-1,538
Total Debt Repaid	-765	-865	-876	-74	-1,547
Net Debt Issued (Repaid)	-265	-365	-476	-74	-847
Issuance of Common Stock	1	8	11	16	22
Repurchase of Common Stock	-746	-549	-327	-422	-451
Preferred Dividends Paid	-2	-2	-2	-2	-2
Common Dividends Paid	-179	-107	-71	-42	-17
Dividends Paid	-181	-109	-73	-44	-19
Other Financing Activities	-23	-11	-3	-2	-149
Financing Cash Flow	-1,269	-1,026	-868	-526	-1,444
Foreign Exchange Rate Adjustments	1	-1	-	-2	-1
Net Cash Flow	178	-45	-182	70	-889
Free Cash Flow	1,431	977	682	540	250
Free Cash Flow Growth	46.47%	43.25%	26.30%	116.00%	-
Free Cash Flow Margin	17.34%	13.15%	10.27%	9.54%	5.03%
Free Cash Flow Per Share	3.52	2.38	1.64	1.28	0.57
Cash Interest Paid	157	180	221	224	267
Cash Income Tax Paid	312	177	104	50	53
Levered Free Cash Flow	917.25	777.63	449.38	504.75	479.75
Unlevered Free Cash Flow	1,012	891.38	585.63	647.88	641.63
Change in Working Capital	-168	-345	-381	-246	-441

Source: S&P Global Market Intelligence. Standard template. Financial Sources.