HOWMET AEROSPACE INC. (HWM) FY2024 Annual P&L / Income Statement

HOWMET AEROSPACE INC. (HWM) FY2024 Annual P&L / Income Statement

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.