$HWM
Howmet Aerospace Inc. Stock $hwm

$hwm Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000000428123000008 Filed on May 02, 2023

Income Statement

Concept	2023 Q2	2023 Q1
Revenue	$1.648B	$1.603B
YoY Change	18.31%	21.07%
Cost Of Revenue	$1.196B	$1.164B
YoY Change	21.18%	22.53%
Gross Profit	$452.0M	$439.0M
YoY Change	11.33%	17.38%
Gross Profit Margin	27.43%	27.39%
Selling, General & Admin	$88.00M	$75.00M
YoY Change	6.02%	8.7%
% of Gross Profit	19.47%	17.08%
Research & Development	$9.000M	$9.000M
YoY Change	0.0%	28.57%
% of Gross Profit	1.99%	2.05%
Depreciation & Amortization	$67.00M	$69.00M
YoY Change	0.0%	4.55%
% of Gross Profit	14.82%	15.72%
Operating Expenses	$164.0M	$84.00M
YoY Change	78.26%	10.53%
Operating Profit	$288.0M	$285.0M
YoY Change	19.5%	23.91%
Interest Expense	-$57.00M	$57.00M
YoY Change	-200.0%	-1.72%
% of Operating Profit	-19.79%	20.0%
Other Income/Expense, Net	$15.00M	-$7.000M
YoY Change	1400.0%	600.0%
Pretax Income	$243.0M	$220.0M
YoY Change	32.79%	28.65%
Income Tax	$50.00M	$72.00M
% Of Pretax Income	20.58%	32.73%
Net Earnings	$193.0M	$148.0M
YoY Change	31.29%	12.98%
Net Earnings / Revenue	11.71%	9.23%
Basic Earnings Per Share	$0.47	$0.36
Diluted Earnings Per Share	$0.46	$0.35
COMMON SHARES
Basic Shares Outstanding	413.3M shares	412.3M shares
Diluted Shares Outstanding	417.0M shares	418.0M shares

Balance Sheet

Concept	2023 Q2	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$535.0M	$537.0M
YoY Change	-0.37%	3.27%
Cash & Equivalents	$535.0M	$537.0M
Short-Term Investments
Other Short-Term Assets	$207.0M	$187.0M
YoY Change	10.7%	-25.2%
Inventory	$1.715B	$1.662B
Prepaid Expenses
Receivables	$657.0M	$655.0M
Other Receivables	$14.00M	$16.00M
Total Short-Term Assets	$3.128B	$3.057B
YoY Change	10.26%	9.88%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.426B	$2.321B
YoY Change	3.68%	-3.29%
Goodwill	$4.026B	$4.024B
YoY Change	0.35%	-0.72%
Intangibles	$513.0M	$518.0M
YoY Change	-3.93%	-4.6%
Long-Term Investments
YoY Change
Other Assets	$140.0M	$195.0M
YoY Change	-33.65%	-3.47%
Total Long-Term Assets	$7.105B	$7.117B
YoY Change	-1.52%	-3.13%
TOTAL ASSETS
Total Short-Term Assets	$3.128B	$3.057B
Total Long-Term Assets	$7.105B	$7.117B
Total Assets	$10.23B	$10.17B
YoY Change	1.8%	0.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$881.0M	$877.0M
YoY Change	8.23%	12.87%
Accrued Expenses	$316.0M	$289.0M
YoY Change	3.61%	5.86%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change	-100.0%	-100.0%
Long-Term Debt Due	$0.00
YoY Change	-100.0%
Total Short-Term Liabilities	$1.410B	$1.403B
YoY Change	6.66%	11.79%
LONG-TERM LIABILITIES
Long-Term Debt	$3.989B	$3.988B
YoY Change	-4.32%	-5.68%
Other Long-Term Liabilities	$1.059B	$1.022B
YoY Change	-7.11%	-14.05%
Total Long-Term Liabilities	$5.048B	$3.988B
YoY Change	21.08%	-5.68%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.410B	$1.403B
Total Long-Term Liabilities	$5.048B	$3.988B
Total Liabilities	$6.458B	$6.413B
YoY Change	-2.61%	-3.88%
SHAREHOLDERS EQUITY
Retained Earnings	$1.334B	$1.159B
YoY Change	54.58%	59.86%
Common Stock	$412.0M	$412.0M
YoY Change	-0.96%	-1.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.775B	$3.761B
YoY Change
Total Liabilities & Shareholders Equity	$10.23B	$10.17B
YoY Change	1.8%	0.44%

Cashflow Statement

Concept	2023 Q2	2023 Q1
OPERATING ACTIVITIES
Net Income	$193.0M	$148.0M
YoY Change	31.29%	12.98%
Depreciation, Depletion And Amortization	$67.00M	$69.00M
YoY Change	0.0%	4.55%
Cash From Operating Activities	$229.0M	$23.00M
YoY Change	44.94%	-58.18%
INVESTING ACTIVITIES
Capital Expenditures	$41.00M	$64.00M
YoY Change	-6.82%	3.23%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change	-100.0%
Cash From Investing Activities	-$41.00M	-$64.00M
YoY Change	925.0%	4.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$176.0M
YoY Change
Cash From Financing Activities	-189.0M	-$214.0M
YoY Change	37.96%	10.31%
NET CHANGE
Cash From Operating Activities	229.0M	$23.00M
Cash From Investing Activities	-41.00M	-$64.00M
Cash From Financing Activities	-189.0M	-$214.0M
Net Change In Cash	-1.000M	-$254.0M
YoY Change	-105.88%	27.0%
FREE CASH FLOW
Cash From Operating Activities	$229.0M	$23.00M
Capital Expenditures	$41.00M	$64.00M
Free Cash Flow	$188.0M	-$41.00M
YoY Change	64.91%	485.71%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000004281
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherAssetsNoncurrent
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherAssetsNoncurrent
CY2023Q1	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherLiabilitiesCurrent
CY2022Q4	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherLiabilitiesCurrent
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#DeferredCreditsAndOtherLiabilitiesNoncurrent
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#DeferredCreditsAndOtherLiabilitiesNoncurrent
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	1-3610
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	HOWMET AEROSPACE INC.
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	25-0317820
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	201 Isabella Street, Suite 200
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Pittsburgh
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	PA
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	15212-5872
CY2023Q1	dei	City Area Code CityAreaCode	412
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	553-1940
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	413291033	shares
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1603000000	usd
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1324000000	usd
CY2023Q1	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	1164000000	usd
CY2022Q1	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	950000000	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	75000000	usd
CY2022Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	69000000	usd
CY2023Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	9000000	usd
CY2022Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	7000000	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	69000000	usd
CY2022Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	66000000	usd
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CY2022Q1	us-gaap	Restructuring Charges RestructuringCharges	2000000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	285000000	usd
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	230000000	usd
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CY2023Q1	us-gaap	Interest Expense InterestExpense	57000000	usd
CY2022Q1	us-gaap	Interest Expense InterestExpense	58000000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-7000000	usd
CY2022Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1000000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	220000000	usd
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	171000000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	72000000	usd
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	40000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	148000000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	131000000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	147000000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	147000000	usd
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	130000000	usd
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	130000000	usd
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.36
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.31
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.35
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.31
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	412000000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	419000000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	418000000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	425000000	shares
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	148000000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	131000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-5000000	usd
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CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	34000000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-31000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	-4000000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	20000000	usd
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CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	791000000	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1000000	usd
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CY2022Q1	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	123000000	usd
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CY2023Q1	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	6000000	shares
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CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	412000000	shares
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Files In Submission

Name	View Source	Status
0000004281-23-000008-index-headers.html	Edgar Link	pending
0000004281-23-000008-index.html	Edgar Link	pending
0000004281-23-000008.txt	Edgar Link	pending
0000004281-23-000008-xbrl.zip	Edgar Link	pending
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$HWM
Howmet Aerospace Inc. Stock $hwm

2023 Q2 Form 10-Q Financial Statement

#000000428123000008 Filed on May 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HWM Howmet Aerospace Inc. Stock $hwm

2023 Q2 Form 10-Q Financial Statement

#000000428123000008 Filed on May 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HWM
Howmet Aerospace Inc. Stock $hwm