Howmet Aerospace Inc. (HWM)
NYSE: HWM · Real-Time Price · USD
225.18
+6.13 (2.80%)
Nov 11, 2026, 12:31 PM EST - Market open
Howmet Aerospace Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 2,053 | 1,508 | 1,155 | 765 | 469 | 258 |
Depreciation & Amortization | 324 | 283 | 277 | 272 | 265 | 270 |
Loss (Gain) From Sale of Assets | -6 | -6 | 12 | -1 | -8 | -12 |
Asset Writedown & Restructuring Costs | -84 | 3 | 12 | 17 | 1 | 30 |
Stock-Based Compensation | 94 | 73 | 63 | 50 | 54 | 41 |
Other Operating Activities | 169 | 191 | 124 | 179 | 198 | 303 |
Change in Accounts Receivable | -213 | -109 | -57 | -164 | -161 | -337 |
Change in Inventory | -72 | -50 | -106 | -142 | -234 | 60 |
Change in Accounts Payable | -22 | -73 | -49 | -7 | 246 | 144 |
Change in Income Taxes | -26 | -6 | -14 | -7 | -12 | -41 |
Change in Other Net Operating Assets | 182 | 70 | -119 | -61 | -85 | -267 |
Operating Cash Flow | 2,399 | 1,884 | 1,298 | 901 | 733 | 449 |
Operating Cash Flow Growth | 40.29% | 45.15% | 44.06% | 22.92% | 63.25% | 4888.89% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -469 | -453 | -321 | -219 | -193 | -199 |
Sale of Property, Plant & Equipment | 226 | 9 | 9 | 2 | 58 | 24 |
Cash Acquisitions | -1,929 | - | -5 | - | - | - |
Divestitures | - | - | - | - | - | 8 |
Investment in Securities | 4 | 6 | - | 2 | - | 6 |
Other Investing Activities | - | - | 1 | - | - | 268 |
Investing Cash Flow | -2,168 | -438 | -316 | -215 | -135 | 107 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 500 | 500 | 400 | - | 700 |
Total Debt Issued | 2,090 | 500 | 500 | 400 | - | 700 |
Short-Term Debt Repaid | - | - | - | - | -5 | -9 |
Long-Term Debt Repaid | - | -765 | -865 | -876 | -69 | -1,538 |
Total Debt Repaid | -811 | -765 | -865 | -876 | -74 | -1,547 |
Net Debt Issued (Repaid) | 1,279 | -265 | -365 | -476 | -74 | -847 |
Issuance of Common Stock | 1 | 1 | 8 | 11 | 16 | 22 |
Repurchase of Common Stock | -1,369 | -746 | -549 | -327 | -422 | -451 |
Preferred Dividends Paid | -2 | -2 | -2 | -2 | -2 | -2 |
Common Dividends Paid | -201 | -179 | -107 | -71 | -42 | -17 |
Dividends Paid | -203 | -181 | -109 | -73 | -44 | -19 |
Other Financing Activities | -37 | -23 | -11 | -3 | -2 | -149 |
Financing Cash Flow | -384 | -1,269 | -1,026 | -868 | -526 | -1,444 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 1 | 1 | -1 | - | -2 | -1 |
Net Cash Flow | -152 | 178 | -45 | -182 | 70 | -889 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 1,930 | 1,431 | 977 | 682 | 540 | 250 |
Free Cash Flow Growth | 50.90% | 46.47% | 43.25% | 26.30% | 116.00% | - |
Free Cash Flow Margin | 19.83% | 17.34% | 13.15% | 10.27% | 9.54% | 5.03% |
Free Cash Flow Per Share | 4.79 | 3.52 | 2.38 | 1.64 | 1.28 | 0.57 |
Levered Free Cash Flow | 1,291 | 917.25 | 777.63 | 449.38 | 504.75 | 479.75 |
Unlevered Free Cash Flow | 1,403 | 1,012 | 891.38 | 585.63 | 647.88 | 641.63 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 157 | 157 | 180 | 221 | 224 | 267 |
Cash Income Tax Paid | 312 | 312 | 177 | 104 | 50 | 53 |
Change in Working Capital | -151 | -168 | -345 | -381 | -246 | -441 |