# HOWMET AEROSPACE INC. (HWM) FY2024 Annual P&L / Income Statement - Company: HOWMET AEROSPACE INC. (HWM) - Period: 2024-01-01 to 2024-12-31 - Filing: FY2024 10-K, filed 2025-02-14, accession number 0000004281-25-000011 - Page: https://plicit.ai/financials/hwm/fy2024-annual-income-statement - Chart image: https://plicit.ai/charts/hwm-fy2024-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2024-01-01 through 2024-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Sales (C)**: 7,430,000,000 US dollars - **Cost of revenue (calculated)**: 5,119,000,000 US dollars - **Gross profit (calculated)**: 2,311,000,000 US dollars - **Operating expenses (calculated)**: 678,000,000 US dollars - **Operating income**: 1,633,000,000 US dollars - **Other income (expense), net (calculated)**: negative 250,000,000 US dollars - **Income before income taxes**: 1,383,000,000 US dollars - **Provision for income taxes (H)**: 228,000,000 US dollars - **Net income**: 1,155,000,000 US dollars - **Aerospace - Commercial**: 3,871,000,000 US dollars - **Aerospace - Defense**: 1,164,000,000 US dollars - **Commercial Transportation**: 1,308,000,000 US dollars - **Industrial and Other**: 1,087,000,000 US dollars - **Cost of goods sold (exclusive of expenses below)**: 5,119,000,000 US dollars - **Research and development expenses**: 33,000,000 US dollars - **Restructuring and other charges (D)**: 21,000,000 US dollars - **Provision for depreciation and amortization**: 277,000,000 US dollars - **Selling, general administrative, and other expenses**: 347,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment (4 categories) - Page: https://plicit.ai/financials/hwm/fy2024-annual-income-statement/revenue-by-business-segment-4-categories - Chart image: https://plicit.ai/charts/hwm-fy2024-annual-revenue-by-business-segment-4-categories-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Business segment (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Sales (C)**: 7,430,000,000 US dollars - **Cost of revenue (calculated)**: 5,119,000,000 US dollars - **Gross profit (calculated)**: 2,311,000,000 US dollars - **Operating expenses (calculated)**: 678,000,000 US dollars - **Operating income**: 1,633,000,000 US dollars - **Other income (expense), net (calculated)**: negative 250,000,000 US dollars - **Income before income taxes**: 1,383,000,000 US dollars - **Provision for income taxes (H)**: 228,000,000 US dollars - **Net income**: 1,155,000,000 US dollars - **Engine Products**: 3,735,000,000 US dollars - **Fastening Systems**: 1,576,000,000 US dollars - **Engineered Structures**: 1,065,000,000 US dollars - **Forged Wheels**: 1,054,000,000 US dollars - **Cost of goods sold (exclusive of expenses below)**: 5,119,000,000 US dollars - **Research and development expenses**: 33,000,000 US dollars - **Restructuring and other charges (D)**: 21,000,000 US dollars - **Provision for depreciation and amortization**: 277,000,000 US dollars - **Selling, general administrative, and other expenses**: 347,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment (8 categories) - Page: https://plicit.ai/financials/hwm/fy2024-annual-income-statement/revenue-by-business-segment-8-categories - Chart image: https://plicit.ai/charts/hwm-fy2024-annual-revenue-by-business-segment-8-categories-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Business segment (8 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Sales (C)**: 7,430,000,000 US dollars - **Cost of revenue (calculated)**: 5,119,000,000 US dollars - **Gross profit (calculated)**: 2,311,000,000 US dollars - **Operating expenses (calculated)**: 678,000,000 US dollars - **Operating income**: 1,633,000,000 US dollars - **Other income (expense), net (calculated)**: negative 250,000,000 US dollars - **Income before income taxes**: 1,383,000,000 US dollars - **Provision for income taxes (H)**: 228,000,000 US dollars - **Net income**: 1,155,000,000 US dollars - **Engine Products**: 3,742,000,000 US dollars - **Fastening Systems**: 1,577,000,000 US dollars - **Engineered Structures**: 1,075,000,000 US dollars - **Forged Wheels**: 1,054,000,000 US dollars - **Cost of goods sold (exclusive of expenses below)**: 5,119,000,000 US dollars - **Research and development expenses**: 33,000,000 US dollars - **Restructuring and other charges (D)**: 21,000,000 US dollars - **Provision for depreciation and amortization**: 277,000,000 US dollars - **Selling, general administrative, and other expenses**: 347,000,000 US dollars - **Revenue before reconciliation (calculated)**: 7,448,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Engine Products**: negative 7,000,000 US dollars. Reported reconciliation to consolidated revenue. - **Fastening Systems**: negative 1,000,000 US dollars. Reported reconciliation to consolidated revenue. - **Engineered Structures**: negative 10,000,000 US dollars. Reported reconciliation to consolidated revenue. - **Forged Wheels**: 0 US dollars. Reported reconciliation to consolidated revenue. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/hwm/fy2024-annual-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/hwm-fy2024-annual-revenue-by-geography-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Sales (C)**: 7,430,000,000 US dollars - **Cost of revenue (calculated)**: 5,119,000,000 US dollars - **Gross profit (calculated)**: 2,311,000,000 US dollars - **Operating expenses (calculated)**: 678,000,000 US dollars - **Operating income**: 1,633,000,000 US dollars - **Other income (expense), net (calculated)**: negative 250,000,000 US dollars - **Income before income taxes**: 1,383,000,000 US dollars - **Provision for income taxes (H)**: 228,000,000 US dollars - **Net income**: 1,155,000,000 US dollars - **UNITED STATES**: 3,713,000,000 US dollars - **FRANCE**: 678,000,000 US dollars - **GERMANY**: 458,000,000 US dollars - **JAPAN**: 355,000,000 US dollars - **UNITED KINGDOM**: 350,000,000 US dollars - **ITALY**: 287,000,000 US dollars - **MEXICO**: 220,000,000 US dollars - **CANADA**: 174,000,000 US dollars - **POLAND**: 152,000,000 US dollars - **CHINA**: 103,000,000 US dollars - **Other**: 940,000,000 US dollars - **Cost of goods sold (exclusive of expenses below)**: 5,119,000,000 US dollars - **Research and development expenses**: 33,000,000 US dollars - **Restructuring and other charges (D)**: 21,000,000 US dollars - **Provision for depreciation and amortization**: 277,000,000 US dollars - **Selling, general administrative, and other expenses**: 347,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/hwm/fy2024-annual-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/hwm-fy2024-annual-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Sales (C)**: 7,430,000,000 US dollars - **Cost of revenue (calculated)**: 5,119,000,000 US dollars - **Gross profit (calculated)**: 2,311,000,000 US dollars - **Operating expenses (calculated)**: 678,000,000 US dollars - **Operating income**: 1,633,000,000 US dollars - **Other income (expense), net (calculated)**: negative 250,000,000 US dollars - **Income before income taxes**: 1,383,000,000 US dollars - **Provision for income taxes (H)**: 228,000,000 US dollars - **Net income**: 1,155,000,000 US dollars - **Engine Products - Aerospace - Commercial**: 2,091,000,000 US dollars - **Engine Products - Aerospace - Defense**: 766,000,000 US dollars - **Engine Products - Commercial Transportation**: 0 US dollars - **Engine Products - Industrial and Other**: 878,000,000 US dollars - **Fastening Systems - Aerospace - Commercial**: 1,006,000,000 US dollars - **Fastening Systems - Aerospace - Defense**: 162,000,000 US dollars - **Fastening Systems - Commercial Transportation**: 254,000,000 US dollars - **Fastening Systems - Industrial and Other**: 154,000,000 US dollars - **Forged Wheels - Aerospace - Commercial**: 0 US dollars - **Forged Wheels - Aerospace - Defense**: 0 US dollars - **Forged Wheels - Commercial Transportation**: 1,054,000,000 US dollars - **Forged Wheels - Industrial and Other**: 0 US dollars - **Engineered Structures - Aerospace - Commercial**: 774,000,000 US dollars - **Engineered Structures - Aerospace - Defense**: 236,000,000 US dollars - **Engineered Structures - Commercial Transportation**: 0 US dollars - **Engineered Structures - Industrial and Other**: 55,000,000 US dollars - **Cost of goods sold (exclusive of expenses below)**: 5,119,000,000 US dollars - **Research and development expenses**: 33,000,000 US dollars - **Restructuring and other charges (D)**: 21,000,000 US dollars - **Provision for depreciation and amortization**: 277,000,000 US dollars - **Selling, general administrative, and other expenses**: 347,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.