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

- Company: HOWMET AEROSPACE INC. (HWM)
- Period: 2024-07-01 to 2024-09-30
- Filing: Q3 FY2024 10-Q, filed 2024-11-07, accession number 0000004281-24-000034
- Page: https://plicit.ai/financials/hwm/fy2024-q3-cash-flow
- Chart image: https://plicit.ai/charts/hwm-fy2024-q3-cash-flow-sankey.png

## Chart details

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.