$HWM
Howmet Aerospace Inc.

2017 Q2 Form 10-Q Financial Statement

#000119312517245098 Filed on August 02, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $3.261B $3.234B
YoY Change 0.83% 0.94%
Cost Of Revenue $2.549B $2.533B
YoY Change 0.63% -45.68%
Gross Profit $712.0M $701.0M
YoY Change 1.57% -148.05%
Gross Profit Margin 21.83% 21.68%
Selling, General & Admin $200.0M $239.0M
YoY Change -16.32% 6.7%
% of Gross Profit 28.09% 34.09%
Research & Development $29.00M $32.00M
YoY Change -9.38% -52.94%
% of Gross Profit 4.07% 4.56%
Depreciation & Amortization $137.0M $313.0M
YoY Change -56.23% -2.19%
% of Gross Profit 19.24% 44.65%
Operating Expenses $229.0M $271.0M
YoY Change -15.5% -7.19%
Operating Profit $320.0M $283.0M
YoY Change 13.07% -116.16%
Interest Expense $24.00M $124.0M
YoY Change -80.65% 0.0%
% of Operating Profit 7.5% 43.82%
Other Income/Expense, Net $132.0M $17.00M
YoY Change 676.47% 240.0%
Pretax Income $269.0M $176.0M
YoY Change 52.84% -37.59%
Income Tax $57.00M $123.0M
% Of Pretax Income 21.19% 69.89%
Net Earnings $212.0M $135.0M
YoY Change 57.04% -3.57%
Net Earnings / Revenue 6.5% 4.17%
Basic Earnings Per Share $0.44 $0.27
Diluted Earnings Per Share $0.43 $0.27
COMMON SHARES
Basic Shares Outstanding 441.0M shares 438.0M shares
Diluted Shares Outstanding 462.0M shares 452.0M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.785B $1.929B
YoY Change -7.47% 47.14%
Cash & Equivalents $1.785B $1.929B
Short-Term Investments
Other Short-Term Assets $305.0M $637.0M
YoY Change -52.12% -42.72%
Inventory $2.416B $3.438B
Prepaid Expenses
Receivables $1.170B $1.595B
Other Receivables $357.0M $494.0M
Total Short-Term Assets $6.033B $8.093B
YoY Change -25.45% 3.37%
LONG-TERM ASSETS
Property, Plant & Equipment $5.507B $15.02B
YoY Change -63.33% -1.68%
Goodwill $5.215B $5.396B
YoY Change -3.35% 3.13%
Intangibles
YoY Change
Long-Term Investments $0.00 $1.466B
YoY Change -100.0% -24.9%
Other Assets $1.271B $3.415B
YoY Change -62.78% -10.27%
Total Long-Term Assets $13.07B $28.05B
YoY Change -53.39% -2.48%
TOTAL ASSETS
Total Short-Term Assets $6.033B $8.093B
Total Long-Term Assets $13.07B $28.05B
Total Assets $19.11B $36.14B
YoY Change -47.13% -1.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.667B $2.665B
YoY Change -37.45% -11.43%
Accrued Expenses $487.0M $810.0M
YoY Change -39.88% 1.0%
Deferred Revenue
YoY Change
Short-Term Debt $48.00M $33.00M
YoY Change 45.45% -34.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.658B $5.488B
YoY Change -51.57% 5.42%
LONG-TERM LIABILITIES
Long-Term Debt $6.796B $8.278B
YoY Change -17.9% -4.99%
Other Long-Term Liabilities $3.899B $7.844B
YoY Change -50.29% -2.32%
Total Long-Term Liabilities $6.796B $16.12B
YoY Change -57.85% -3.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.658B $5.488B
Total Long-Term Liabilities $6.796B $16.12B
Total Liabilities $13.35B $21.61B
YoY Change -38.21% -1.54%
SHAREHOLDERS EQUITY
Retained Earnings -$567.0M $8.871B
YoY Change -106.39% -7.64%
Common Stock $441.0M $1.391B
YoY Change -68.3% 6.67%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.647B
YoY Change -6.6%
Treasury Stock Shares
Shareholders Equity $5.740B $12.34B
YoY Change
Total Liabilities & Shareholders Equity $19.11B $36.14B
YoY Change -47.13% -1.22%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $212.0M $135.0M
YoY Change 57.04% -3.57%
Depreciation, Depletion And Amortization $137.0M $313.0M
YoY Change -56.23% -2.19%
Cash From Operating Activities $79.00M $332.0M
YoY Change -76.2% -29.66%
INVESTING ACTIVITIES
Capital Expenditures -$126.0M -$277.0M
YoY Change -54.51% 3.75%
Acquisitions
YoY Change
Other Investing Activities $195.0M $588.0M
YoY Change -66.84% 1151.06%
Cash From Investing Activities $69.00M $311.0M
YoY Change -77.81% -241.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -912.0M -100.0M
YoY Change 812.0% -24.81%
NET CHANGE
Cash From Operating Activities 79.00M 332.0M
Cash From Investing Activities 69.00M 311.0M
Cash From Financing Activities -912.0M -100.0M
Net Change In Cash -764.0M 543.0M
YoY Change -240.7% 356.3%
FREE CASH FLOW
Cash From Operating Activities $79.00M $332.0M
Capital Expenditures -$126.0M -$277.0M
Free Cash Flow $205.0M $609.0M
YoY Change -66.34% -17.59%

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0001193125-17-245098.txt Edgar Link pending
0001193125-17-245098-xbrl.zip Edgar Link pending
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