HOWMET AEROSPACE INC. (HWM) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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HOWMET AEROSPACE INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One 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: $534,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $84,000,000.00Increase in accounts payable, trade → Operating adjustments reconciliation: $59,000,000.00Decrease in accrued expenses → Operating adjustments reconciliation: $41,000,000.00Stock-based compensation → Operating adjustments reconciliation: $36,000,000.00Increase (decrease) in noncurrent liabilities → Operating adjustments reconciliation: $21,000,000.00Net periodic pension cost (F) → Operating adjustments reconciliation: $12,000,000.00Net realized and unrealized losses → Operating adjustments reconciliation: $4,000,000.00Other → Operating adjustments reconciliation: $2,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $49,000,000.00Operating adjustments reconciliation → Increase in inventories (L): $55,000,000.00Operating adjustments reconciliation → Decrease in taxes, including income taxes: $53,000,000.00Operating adjustments reconciliation → (Increase) decrease in prepaid expenses and other current assets: $41,000,000.00Operating adjustments reconciliation → Increase in receivables (K): $32,000,000.00Operating adjustments reconciliation → Pension contributions: $21,000,000.00Operating adjustments reconciliation → Deferred income taxes: $6,000,000.00Operating adjustments reconciliation → Increase in noncurrent assets: $2,000,000.00Other → investing reconciliation: $3,000,000.00investing reconciliation → Acquisitions, net of cash acquired (C): $1,811,000,000.00investing reconciliation → Capital expenditures (D): $104,000,000.00investing reconciliation → Remaining investing cash flows, net (calculated): $2,000,000.00Net cash used in financing activities → financing reconciliation: $541,000,000.00financing reconciliation → Repurchases of common stock: $300,000,000.00financing reconciliation → Repurchases and payments on debt (O): $186,000,000.00financing reconciliation → Dividends paid to shareholders: $49,000,000.00financing reconciliation → Other: $5,000,000.00financing reconciliation → Taxes paid for net share settlement of equity awards: $1,000,000.00Net cash used in investing activities → investing reconciliation: $1,914,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $2,436,000,000.00Net cash from operating activities → Cash sources and uses: $583,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $564,000,000.00Cash sources and uses → Net cash used in investing activities: $1,914,000,000.00Cash sources and uses → Net cash used in financing activities: $541,000,000.00Net income: $534,000,000.00Net income+$534.00 MDepreciation and amortization: $84,000,000.00Depreciation & amortization+$84.00 MDeferred income taxes: -$6,000,000.00Deferred taxes & credits−$6.00 MRestructuring and other credits: $0.00Net realized and unrealized losses: $4,000,000.00Investment gain & loss+$4.00 MNet periodic pension cost (F): $12,000,000.00Net periodic pension cost (F)+$12.00 MStock-based compensation: $36,000,000.00Stock-based compensation+$36.00 MOther: $2,000,000.00Other non-cash items+$2.00 MIncrease in receivables (K): -$32,000,000.00Receivables, net−$32.00 MIncrease in inventories (L): -$55,000,000.00Inventories−$55.00 M(Increase) decrease in prepaid expenses and other current assets: -$41,000,000.00Prepaid & other assets−$41.00 MIncrease in accounts payable, trade: $59,000,000.00Trade payables+$59.00 MDecrease in accrued expenses: $41,000,000.00Accrued liabilities+$41.00 MDecrease in taxes, including income taxes: -$53,000,000.00Accrued taxes−$53.00 MPension contributions: -$21,000,000.00Pension contributions−$21.00 MIncrease in noncurrent assets: -$2,000,000.00Other noncurrent assets−$2.00 MIncrease (decrease) in noncurrent liabilities: $21,000,000.00Other noncurrent liabilities+$21.00 MNet cash from operating activities: $583,000,000.00Operating cash+$583.00 MOperating adjustments reconciliation: $259,000,000.00Net change in commercial paper (O): $0.00Additions to debt (O): $0.00Repurchases and payments on debt (O): -$186,000,000.00Long-term debt repaid−$186.00 MDebt issuance costs (O): $0.00Repurchases of common stock: -$300,000,000.00Common stock repurchases−$300.00 MDividends paid to shareholders: -$49,000,000.00Ordinary dividends paid−$49.00 MTaxes paid for net share settlement of equity awards: -$1,000,000.00Stock-award tax withholding−$1.00 MOther: -$5,000,000.00Other financing, net−$5.00 MNet cash used in financing activities: -$541,000,000.00. Cash required to fund net payments.Financing cash−$541.00 Mfinancing reconciliation: $541,000,000.00Capital expenditures (D): -$104,000,000.00PP&E purchases−$104.00 MAcquisitions, net of cash acquired (C): -$1,811,000,000.00Acquisitions, net of cash−$1.81 BProceeds from the sale of assets and businesses (C): $0.00Other: $3,000,000.00Other investing, net+$3.00 MRemaining investing cash flows, net (calculated): -$2,000,000.00Remaining investing (calculated)−$2.00 MNet cash used in investing activities: -$1,914,000,000.00. Cash required to fund net payments.Investing cash−$1.91 Binvesting reconciliation: $1,917,000,000.00Cash sources and uses: $3,019,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $2,436,000,000.00Beginning cash$2.44 BEnding cash: Cash, cash equivalents, and restricted cash: $564,000,000.00Ending cash$564.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$479.00 MOperating cash − cash spent on PP&ECash flow / Net income1.09×Operating cash flow ÷ net incomeNet cash change−$1.87 BEnding cash − beginning cash
Chart details

HOWMET AEROSPACE INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
2,436,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
583,000,000 US dollars. Net cash provided.
Net income
534,000,000 US dollars
Depreciation and amortization
84,000,000 US dollars
Deferred income taxes
negative 6,000,000 US dollars
Restructuring and other credits
0 US dollars
Net realized and unrealized losses
4,000,000 US dollars
Net periodic pension cost (F)
12,000,000 US dollars
Stock-based compensation
36,000,000 US dollars
Other
2,000,000 US dollars
Increase in receivables (K)
negative 32,000,000 US dollars
Increase in inventories (L)
negative 55,000,000 US dollars
(Increase) decrease in prepaid expenses and other current assets
negative 41,000,000 US dollars
Increase in accounts payable, trade
59,000,000 US dollars
Decrease in accrued expenses
41,000,000 US dollars
Decrease in taxes, including income taxes
negative 53,000,000 US dollars
Pension contributions
negative 21,000,000 US dollars
Increase in noncurrent assets
negative 2,000,000 US dollars
Increase (decrease) in noncurrent liabilities
21,000,000 US dollars
Investing activities
negative 1,914,000,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the investing 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 (Sale of investments), so those amounts cannot be separated for this quarter. It may combine inflows and outflows.
Capital expenditures (D)
negative 104,000,000 US dollars
Acquisitions, net of cash acquired (C)
negative 1,811,000,000 US dollars
Proceeds from the sale of assets and businesses (C)
0 US dollars
Other
3,000,000 US dollars
Remaining investing cash flows, net (calculated)
negative 2,000,000 US dollars
Financing activities
negative 541,000,000 US dollars. Net cash used.
Net change in commercial paper (O)
0 US dollars
Additions to debt (O)
0 US dollars
Repurchases and payments on debt (O)
negative 186,000,000 US dollars
Debt issuance costs (O)
0 US dollars
Repurchases of common stock
negative 300,000,000 US dollars
Dividends paid to shareholders
negative 49,000,000 US dollars
Taxes paid for net share settlement of equity awards
negative 1,000,000 US dollars
Other
negative 5,000,000 US dollars
Operating adjustment reconciliation
259,000,000 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
541,000,000 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 displayed reconciliation
1,917,000,000 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.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
564,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,019,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 1,872,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.09×. 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
583,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
104,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
479,000,000 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 enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $49.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced 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: 583,000,000 US dollars minus 104,000,000 US dollars equals 479,000,000 US dollars.
HOWMET AEROSPACE INC. (HWM) FY2026 Q2 Statement of Cash Flows Sankey chart
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