HOWMET AEROSPACE INC. (HWM) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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HOWMET AEROSPACE INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $244,000,000.00Net income → Operating adjustments reconciliation: $88,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $68,000,000.00Stock-based compensation → Operating adjustments reconciliation: $16,000,000.00Net periodic pension cost (E) → Operating adjustments reconciliation: $11,000,000.00Loss on debt redemption (N) → Operating adjustments reconciliation: $6,000,000.00Net realized and unrealized losses → Operating adjustments reconciliation: $5,000,000.00Decrease (increase) in prepaid expenses and other current assets → Operating adjustments reconciliation: $4,000,000.00Increase in receivables (J) → Operating adjustments reconciliation: $3,000,000.00Increase in noncurrent assets → Operating adjustments reconciliation: $1,000,000.00Operating adjustments reconciliation → Decrease in accounts payable, trade: $73,000,000.00Operating adjustments reconciliation → Increase in inventories: $30,000,000.00Operating adjustments reconciliation → Deferred income taxes: $28,000,000.00Operating adjustments reconciliation → Decrease in accrued expenses: $25,000,000.00Operating adjustments reconciliation → (Decrease) increase in taxes, including income taxes: $18,000,000.00Operating adjustments reconciliation → Pension contributions: $16,000,000.00Operating adjustments reconciliation → Decrease in noncurrent liabilities: $8,000,000.00Operating adjustments reconciliation → Other: $3,000,000.00Operating adjustments reconciliation → Remaining operating cash flows, net (calculated): $1,000,000.00Proceeds from the sale of assets and businesses (D)(P) → investing reconciliation: $1,000,000.00Other → investing reconciliation: $1,000,000.00investing reconciliation → Capital expenditures (C): $82,000,000.00Net cash used in financing activities → financing reconciliation: $441,000,000.00Additions to debt (N) → financing reconciliation: $500,000,000.00Proceeds from exercise of employee stock options → financing reconciliation: $1,000,000.00financing reconciliation → Repurchases and payments on debt (N): $782,000,000.00financing reconciliation → Repurchases of common stock: $100,000,000.00financing reconciliation → Dividends paid to shareholders: $34,000,000.00financing reconciliation → Taxes paid for net share settlement of equity awards: $16,000,000.00financing reconciliation → Premiums paid on early redemption of debt (N): $5,000,000.00financing reconciliation → Debt issuance costs (N): $5,000,000.00Net cash used in investing activities → investing reconciliation: $80,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $752,000,000.00Net cash from operating activities → Cash sources and uses: $244,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $475,000,000.00Cash sources and uses → Net cash used in investing activities: $80,000,000.00Cash sources and uses → Net cash used in financing activities: $441,000,000.00Loss on debt redemption (N): $6,000,000.00Debt extinguishment gain & loss+$6.00 MNet periodic pension cost (E): $11,000,000.00Net periodic pension cost (E)+$11.00 MIncrease in noncurrent assets: $1,000,000.00Other noncurrent assets+$1.00 MPension contributions: -$16,000,000.00Pension contributions−$16.00 MDeferred income taxes: -$28,000,000.00Deferred taxes & credits−$28.00 MDecrease in noncurrent liabilities: -$8,000,000.00Other noncurrent liabilities−$8.00 MIncrease in receivables (J): $3,000,000.00Receivables, net+$3.00 MDecrease in accrued expenses: -$25,000,000.00Accrued liabilities−$25.00 MDecrease in accounts payable, trade: -$73,000,000.00Trade payables−$73.00 MOther: -$3,000,000.00Other non-cash items−$3.00 M(Decrease) increase in taxes, including income taxes: -$18,000,000.00Accrued taxes−$18.00 MDepreciation and amortization: $68,000,000.00Depreciation & amortization+$68.00 MNet income: $332,000,000.00Net income+$332.00 MDecrease (increase) in prepaid expenses and other current assets: $4,000,000.00Prepaid & other assets+$4.00 MIncrease in inventories: -$30,000,000.00Inventories−$30.00 MNet realized and unrealized losses: $5,000,000.00Investment gain & loss+$5.00 MStock-based compensation: $16,000,000.00Stock-based compensation+$16.00 MRemaining operating cash flows, net (calculated): -$1,000,000.00Remaining operating (calculated)−$1.00 MNet cash from operating activities: $244,000,000.00Operating cash+$244.00 MOperating adjustments reconciliation: $202,000,000.00Repurchases of common stock: -$100,000,000.00Common stock repurchases−$100.00 MDividends paid to shareholders: -$34,000,000.00Ordinary dividends paid−$34.00 MProceeds from exercise of employee stock options: $1,000,000.00Stock option exercises+$1.00 MRepurchases and payments on debt (N): -$782,000,000.00Long-term debt repaid−$782.00 MPremiums paid on early redemption of debt (N): -$5,000,000.00Debt extinguishment costs−$5.00 MTaxes paid for net share settlement of equity awards: -$16,000,000.00Stock-award tax withholding−$16.00 MAdditions to debt (N): $500,000,000.00Long-term debt issued+$500.00 MDebt issuance costs (N): -$5,000,000.00Debt issuance costs−$5.00 MNet cash used in financing activities: -$441,000,000.00. Cash required to fund net payments.Financing cash−$441.00 Mfinancing reconciliation: $942,000,000.00Capital expenditures (C): -$82,000,000.00PP&E purchases−$82.00 MProceeds from the sale of assets and businesses (D)(P): $1,000,000.00Business & asset sales+$1.00 MOther: $1,000,000.00Other investing, net+$1.00 MNet cash used in investing activities: -$80,000,000.00. Cash required to fund net payments.Investing cash−$80.00 Minvesting reconciliation: $82,000,000.00Cash sources and uses: $996,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $752,000,000.00Beginning cash$752.00 MEnding cash: Cash, cash equivalents, and restricted cash: $475,000,000.00Ending cash$475.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$162.00 MOperating cash − cash spent on PP&ECash flow / Net income0.73×Operating cash flow ÷ net incomeNet cash change−$277.00 MEnding cash − beginning cash
Chart details

HOWMET AEROSPACE INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
752,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
244,000,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Restructuring and other charges), so Restructuring and other charges cannot be separated for this quarter. It may combine inflows and outflows.
Net income
332,000,000 US dollars
Loss on debt redemption (N)
6,000,000 US dollars
Net periodic pension cost (E)
11,000,000 US dollars
Increase in noncurrent assets
1,000,000 US dollars
Pension contributions
negative 16,000,000 US dollars
Deferred income taxes
negative 28,000,000 US dollars
Decrease in noncurrent liabilities
negative 8,000,000 US dollars
Increase in receivables (J)
3,000,000 US dollars
Decrease in accrued expenses
negative 25,000,000 US dollars
Decrease in accounts payable, trade
negative 73,000,000 US dollars
Other
negative 3,000,000 US dollars
(Decrease) increase in taxes, including income taxes
negative 18,000,000 US dollars
Depreciation and amortization
68,000,000 US dollars
Decrease (increase) in prepaid expenses and other current assets
4,000,000 US dollars
Increase in inventories
negative 30,000,000 US dollars
Net realized and unrealized losses
5,000,000 US dollars
Stock-based compensation
16,000,000 US dollars
Remaining operating cash flows, net (calculated)
negative 1,000,000 US dollars
Investing activities
negative 80,000,000 US dollars. Net cash used.
Capital expenditures (C)
negative 82,000,000 US dollars
Proceeds from the sale of assets and businesses (D)(P)
1,000,000 US dollars
Other
1,000,000 US dollars
Financing activities
negative 441,000,000 US dollars. Net cash used.
Repurchases of common stock
negative 100,000,000 US dollars
Dividends paid to shareholders
negative 34,000,000 US dollars
Proceeds from exercise of employee stock options
1,000,000 US dollars
Repurchases and payments on debt (N)
negative 782,000,000 US dollars
Premiums paid on early redemption of debt (N)
negative 5,000,000 US dollars
Taxes paid for net share settlement of equity awards
negative 16,000,000 US dollars
Additions to debt (N)
500,000,000 US dollars
Debt issuance costs (N)
negative 5,000,000 US dollars
Operating adjustment reconciliation
202,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing gross reconciliation
942,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
82,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Sep 30, 2024
475,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
996,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 277,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.73×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
244,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
82,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
162,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $244.00M of net income directly to operating cash and $88.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 244,000,000 US dollars minus 82,000,000 US dollars equals 162,000,000 US dollars.
HOWMET AEROSPACE INC. (HWM) FY2024 Q3 Statement of Cash Flows Sankey chart
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