HOWMET AEROSPACE INC. (HWM) FY2024 YTD Q3 Statement of Cash Flows
2024-01-01 to 2024-09-30
Statement of Cash Flows
2024-01-01 to 2024-09-30
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Chart details
HOWMET AEROSPACE INC. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024
Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. 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 Dec 31, 2023
- 610,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 818,000,000 US dollars. Net cash provided.
- Net income
- 841,000,000 US dollars
- Loss on debt redemption (N)
- 6,000,000 US dollars
- Net periodic pension cost (E)
- 31,000,000 US dollars
- Increase in noncurrent assets
- negative 6,000,000 US dollars
- Pension contributions
- negative 33,000,000 US dollars
- Deferred income taxes
- 39,000,000 US dollars
- Decrease in noncurrent liabilities
- negative 20,000,000 US dollars
- Increase in receivables (J)
- negative 97,000,000 US dollars
- Decrease in accrued expenses
- negative 42,000,000 US dollars
- Decrease in accounts payable, trade
- negative 67,000,000 US dollars
- Other
- 4,000,000 US dollars
- (Decrease) increase in taxes, including income taxes
- negative 5,000,000 US dollars
- Depreciation and amortization
- 204,000,000 US dollars
- Restructuring and other charges
- 21,000,000 US dollars
- Decrease (increase) in prepaid expenses and other current assets
- 9,000,000 US dollars
- Increase in inventories
- negative 139,000,000 US dollars
- Net realized and unrealized losses
- 18,000,000 US dollars
- Stock-based compensation
- 54,000,000 US dollars
- Investing activities
- negative 209,000,000 US dollars. Net cash used.
- Capital expenditures (C)
- negative 219,000,000 US dollars
- Proceeds from the sale of assets and businesses (D)(P)
- 9,000,000 US dollars
- Other
- 1,000,000 US dollars
- Financing activities
- negative 742,000,000 US dollars. Net cash used.
- Repurchases of common stock
- negative 310,000,000 US dollars
- Dividends paid to shareholders
- negative 76,000,000 US dollars
- Proceeds from exercise of employee stock options
- 7,000,000 US dollars
- Repurchases and payments on debt (N)
- negative 805,000,000 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 48,000,000 US dollars
- Additions to debt (N)
- 500,000,000 US dollars
- Debt issuance costs (N)
- negative 5,000,000 US dollars
- Operating adjustment reconciliation
- 409,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 1,249,000,000 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
- 219,000,000 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
- negative 2,000,000 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
- 1,428,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 135,000,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 0.97×. 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
- 818,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 219,000,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 599,000,000 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 $818.00M of net income directly to operating cash and $23.00M 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: 818,000,000 US dollars minus 219,000,000 US dollars equals 599,000,000 US dollars.
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