Howmet Aerospace Inc. (HWM)

Howmet Aerospace Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	6,861	6,640	5,663	4,972	5,259	7,098
Revenue Growth (YoY)	15.47%	17.25%	13.90%	-5.46%	-25.91%	4.72%
Cost of Revenue	4,899	4,773	4,103	3,596	3,878	5,214
Gross Profit	1,962	1,867	1,560	1,376	1,381	1,884
Selling, General & Admin	346	333	288	251	277	400
Research & Development	37	36	32	17	17	28
Other Operating Expenses	292	295	321	360	461	877
Operating Expenses	675	664	641	628	755	1,305
Operating Income	1,287	1,203	919	748	626	579
Interest Expense / Income	210	218	229	259	317	338
Other Expense / Income	19	10	84	165	88	-313
Pretax Income	1,058	975	606	324	221	554
Income Tax	198	210	137	66	-40	84
Net Income	860	765	469	258	261	470
Net Income Growth	76.95%	63.11%	81.78%	-1.15%	-44.47%	-26.79%
Shares Outstanding (Basic)	410	412	416	430	435	446
Shares Outstanding (Diluted)	412	416	421	435	439	463
Shares Change	-1.44%	-1.19%	-3.22%	-0.91%	-5.18%	-7.95%
EPS (Basic)	2.08	1.85	1.12	0.60	0.59	1.05
EPS (Diluted)	2.06	1.83	1.11	0.59	0.59	1.03
EPS Growth	77.59%	64.86%	88.14%	0%	-42.72%	-20.77%
Free Cash Flow	818	682	540	250	-258	-180
Free Cash Flow Per Share	2.00	1.66	1.30	0.58	-0.59	-0.40
Dividend Per Share	0.080	0.120	0.100	0.040	0.020	0.120
Dividend Growth	-33.33%	20.00%	150.00%	100.00%	-83.33%	-50.00%
Gross Margin	28.60%	28.12%	27.55%	27.67%	26.26%	26.54%
Operating Margin	18.76%	18.12%	16.23%	15.04%	11.90%	8.16%
Profit Margin	12.53%	11.52%	8.28%	5.19%	4.96%	6.62%
Free Cash Flow Margin	11.92%	10.27%	9.54%	5.03%	-4.91%	-2.54%
Effective Tax Rate	18.71%	21.54%	22.61%	20.37%	-18.10%	15.16%
EBITDA	1,538	1,465	1,100	853	876	1,428
EBITDA Margin	22.42%	22.06%	19.42%	17.16%	16.66%	20.12%
Depreciation & Amortization	270	272	265	270	338	536
EBIT	1,268	1,193	835	583	538	892
EBIT Margin	18.48%	17.97%	14.74%	11.73%	10.23%	12.57%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).