$HWM
Howmet Aerospace Inc.

2024 Q4 Form 10-Q Financial Statement

#000000428124000034 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $1.835B
YoY Change 10.68%
Cost Of Revenue $1.253B
YoY Change 5.92%
Gross Profit $582.0M
YoY Change 22.53%
Gross Profit Margin 31.72%
Selling, General & Admin $85.00M
YoY Change -2.3%
% of Gross Profit 14.6%
Research & Development $9.000M
YoY Change 0.0%
% of Gross Profit 1.55%
Depreciation & Amortization $68.00M
YoY Change 0.0%
% of Gross Profit 11.68%
Operating Expenses $94.00M
YoY Change -2.08%
Operating Profit $421.0M
YoY Change 37.13%
Interest Expense -$44.00M
YoY Change -181.48%
% of Operating Profit -10.45%
Other Income/Expense, Net -$17.00M
YoY Change 54.55%
Pretax Income $354.0M
YoY Change 46.28%
Income Tax $22.00M
% Of Pretax Income 6.21%
Net Earnings $332.0M
YoY Change 76.6%
Net Earnings / Revenue 18.09%
Basic Earnings Per Share $0.81
Diluted Earnings Per Share $0.81
COMMON SHARES
Basic Shares Outstanding 406.3M shares 408.1M shares
Diluted Shares Outstanding 410.0M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $475.0M
YoY Change 12.03%
Cash & Equivalents $475.0M
Short-Term Investments
Other Short-Term Assets $239.0M
YoY Change 12.74%
Inventory $1.902B
Prepaid Expenses
Receivables $757.0M
Other Receivables $18.00M
Total Short-Term Assets $3.391B
YoY Change 9.0%
LONG-TERM ASSETS
Property, Plant & Equipment $2.358B
YoY Change 2.7%
Goodwill $4.047B
YoY Change 1.0%
Intangibles $484.0M
YoY Change -4.54%
Long-Term Investments
YoY Change
Other Assets $239.0M
YoY Change 19.5%
Total Long-Term Assets $7.167B
YoY Change 1.59%
TOTAL ASSETS
Total Short-Term Assets $3.391B
Total Long-Term Assets $7.167B
Total Assets $10.56B
YoY Change 3.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $917.0M
YoY Change 2.57%
Accrued Expenses $351.0M
YoY Change 6.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $1.000M
YoY Change
Total Short-Term Liabilities $1.517B
YoY Change 4.33%
LONG-TERM LIABILITIES
Long-Term Debt $3.393B
YoY Change -10.57%
Other Long-Term Liabilities $1.145B
YoY Change 9.46%
Total Long-Term Liabilities $3.393B
YoY Change -29.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.517B
Total Long-Term Liabilities $3.393B
Total Liabilities $6.055B
YoY Change -3.8%
SHAREHOLDERS EQUITY
Retained Earnings $2.453B
YoY Change 65.19%
Common Stock $407.0M
YoY Change -1.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.503B
YoY Change
Total Liabilities & Shareholders Equity $10.56B
YoY Change 3.86%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $332.0M
YoY Change 76.6%
Depreciation, Depletion And Amortization $68.00M
YoY Change 0.0%
Cash From Operating Activities $244.0M
YoY Change 27.75%
INVESTING ACTIVITIES
Capital Expenditures $82.00M
YoY Change 38.98%
Acquisitions
YoY Change
Other Investing Activities $2.000M
YoY Change 100.0%
Cash From Investing Activities -$80.00M
YoY Change 37.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -441.0M
YoY Change 81.48%
NET CHANGE
Cash From Operating Activities 244.0M
Cash From Investing Activities -80.00M
Cash From Financing Activities -441.0M
Net Change In Cash -277.0M
YoY Change 151.82%
FREE CASH FLOW
Cash From Operating Activities $244.0M
Capital Expenditures $82.00M
Free Cash Flow $162.0M
YoY Change 22.73%

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