HOWMET AEROSPACE INC. (HWM) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-03-31

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HOWMET AEROSPACE INC. cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025One 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. 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: $253,000,000.00Net income → Operating adjustments reconciliation: $91,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $69,000,000.00Increase in taxes, including income taxes → Operating adjustments reconciliation: $60,000,000.00Increase in accounts payable, trade → Operating adjustments reconciliation: $58,000,000.00Decrease in prepaid expenses and other current assets → Operating adjustments reconciliation: $24,000,000.00Deferred income taxes → Operating adjustments reconciliation: $18,000,000.00Stock-based compensation → Operating adjustments reconciliation: $14,000,000.00Net periodic pension cost (E) → Operating adjustments reconciliation: $10,000,000.00Net realized and unrealized losses → Operating adjustments reconciliation: $5,000,000.00Other → Operating adjustments reconciliation: $3,000,000.00Operating adjustments reconciliation → Increase in receivables (J): $189,000,000.00Operating adjustments reconciliation → Decrease in accrued expenses: $91,000,000.00Operating adjustments reconciliation → Increase in inventories (K): $49,000,000.00Operating adjustments reconciliation → Decrease in noncurrent liabilities: $18,000,000.00Operating adjustments reconciliation → Restructuring and other (credits) charges: $4,000,000.00Operating adjustments reconciliation → Increase in noncurrent assets: $1,000,000.00Proceeds from the sale of assets and businesses (D) → investing reconciliation: $5,000,000.00Net cash used in investing activities → investing reconciliation: $115,000,000.00investing reconciliation → Capital expenditures (C): $119,000,000.00investing reconciliation → Other: $1,000,000.00Net cash used in financing activities → financing reconciliation: $167,000,000.00Proceeds from exercise of employee stock options → financing reconciliation: $1,000,000.00financing reconciliation → Repurchases of common stock: $125,000,000.00financing reconciliation → Dividends paid to shareholders: $42,000,000.00financing reconciliation → Repurchases and payments on debt (N): $1,000,000.00Exchange-rate effect → Cash sources and uses: $1,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $565,000,000.00Net cash from operating activities → Cash sources and uses: $253,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $537,000,000.00Cash sources and uses → Net cash used in investing activities: $115,000,000.00Cash sources and uses → Net cash used in financing activities: $167,000,000.00Net periodic pension cost (E): $10,000,000.00Net periodic pension cost (E)+$10.00 MIncrease in noncurrent assets: -$1,000,000.00Other noncurrent assets−$1.00 MPension contributions: $0.00Deferred income taxes: $18,000,000.00Deferred taxes & credits+$18.00 MDecrease in noncurrent liabilities: -$18,000,000.00Other noncurrent liabilities−$18.00 MIncrease in receivables (J): -$189,000,000.00Receivables, net−$189.00 MDecrease in accrued expenses: -$91,000,000.00Accrued liabilities−$91.00 MIncrease in accounts payable, trade: $58,000,000.00Trade payables+$58.00 MOther: $3,000,000.00Other non-cash items+$3.00 MIncrease in taxes, including income taxes: $60,000,000.00Accrued taxes+$60.00 MDepreciation and amortization: $69,000,000.00Depreciation & amortization+$69.00 MRestructuring and other (credits) charges: -$4,000,000.00Restructuring & impairment−$4.00 MNet income: $344,000,000.00Net income+$344.00 MDecrease in prepaid expenses and other current assets: $24,000,000.00Prepaid & other assets+$24.00 MIncrease in inventories (K): -$49,000,000.00Inventories−$49.00 MNet realized and unrealized losses: $5,000,000.00Investment gain & loss+$5.00 MStock-based compensation: $14,000,000.00Stock-based compensation+$14.00 MNet cash from operating activities: $253,000,000.00Operating cash+$253.00 MOperating adjustments reconciliation: $352,000,000.00Proceeds from exercise of employee stock options: $1,000,000.00Stock option exercises+$1.00 MTaxes paid for net share settlement of equity awards: $0.00Repurchases and payments on debt (N): -$1,000,000.00Long-term debt repaid−$1.00 MRepurchases of common stock: -$125,000,000.00Common stock repurchases−$125.00 MDividends paid to shareholders: -$42,000,000.00Ordinary dividends paid−$42.00 MNet cash used in financing activities: -$167,000,000.00. Cash required to fund net payments.Financing cash−$167.00 Mfinancing reconciliation: $168,000,000.00Capital expenditures (C): -$119,000,000.00PP&E purchases−$119.00 MOther: -$1,000,000.00Other investing, net−$1.00 MProceeds from the sale of assets and businesses (D): $5,000,000.00Business & asset sales+$5.00 MNet cash used in investing activities: -$115,000,000.00. Cash required to fund net payments.Investing cash−$115.00 Minvesting reconciliation: $120,000,000.00Cash sources and uses: $819,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $565,000,000.00Beginning cash$565.00 MEnding cash: Cash, cash equivalents, and restricted cash: $537,000,000.00Ending cash$537.00 MExchange-rate effect: $1,000,000.00FX effect+$1.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$134.00 MOperating cash − cash spent on PP&ECash flow / Net income0.74×Operating cash flow ÷ net incomeNet cash change−$28.00 MEnding cash − beginning cash
Chart details

HOWMET AEROSPACE INC. cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025

Cash flows for Jan 1, 2025 through Mar 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Mar 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2024
565,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
253,000,000 US dollars. Net cash provided.
Net income
344,000,000 US dollars
Net periodic pension cost (E)
10,000,000 US dollars
Increase in noncurrent assets
negative 1,000,000 US dollars
Pension contributions
0 US dollars
Deferred income taxes
18,000,000 US dollars
Decrease in noncurrent liabilities
negative 18,000,000 US dollars
Increase in receivables (J)
negative 189,000,000 US dollars
Decrease in accrued expenses
negative 91,000,000 US dollars
Increase in accounts payable, trade
58,000,000 US dollars
Other
3,000,000 US dollars
Increase in taxes, including income taxes
60,000,000 US dollars
Depreciation and amortization
69,000,000 US dollars
Restructuring and other (credits) charges
negative 4,000,000 US dollars
Decrease in prepaid expenses and other current assets
24,000,000 US dollars
Increase in inventories (K)
negative 49,000,000 US dollars
Net realized and unrealized losses
5,000,000 US dollars
Stock-based compensation
14,000,000 US dollars
Investing activities
negative 115,000,000 US dollars. Net cash used.
Capital expenditures (C)
negative 119,000,000 US dollars
Other
negative 1,000,000 US dollars
Proceeds from the sale of assets and businesses (D)
5,000,000 US dollars
Financing activities
negative 167,000,000 US dollars. Net cash used.
Proceeds from exercise of employee stock options
1,000,000 US dollars
Taxes paid for net share settlement of equity awards
0 US dollars
Repurchases and payments on debt (N)
negative 1,000,000 US dollars
Repurchases of common stock
negative 125,000,000 US dollars
Dividends paid to shareholders
negative 42,000,000 US dollars
Operating adjustment reconciliation
352,000,000 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
168,000,000 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
120,000,000 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
1,000,000 US dollars
Ending cash on Mar 31, 2025
537,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
819,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 28,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.74×. 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
253,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
119,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
134,000,000 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 $253.00M of net income directly to operating cash and $91.00M 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: 253,000,000 US dollars minus 119,000,000 US dollars equals 134,000,000 US dollars.
HOWMET AEROSPACE INC. (HWM) FY2025 Q1 Statement of Cash Flows Sankey chart
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