Howmet Aerospace Inc. (HWM) Financial Statements (2025 and earlier)

Company Profile

Business Address 201 ISABELLA STREET
PITTSBURGH, PA 15212-5872
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 335 - Rolling, Drawing, And Extruding Of Nonferrous (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6107917201,6101,6482,277
Cash and cash equivalents6107917201,6101,6482,277
Restricted cash and investments      
Receivables6925374203571,4511,498
Inventory, net of allowances, customer advances and progress billings1,7651,6091,4021,4882,4292,492
Inventory1,7651,6091,4021,4882,4292,492
Other undisclosed current assets249206195217314314
Total current assets:3,3163,1432,7373,6725,8426,581
Noncurrent Assets
Property, plant and equipment2,3282,3322,4672,5925,4635,704
Intangible assets, net (including goodwill)4,5404,5344,6164,6735,1515,419
Goodwill4,0354,0134,0674,1024,4934,500
Intangible assets, net (excluding goodwill)505521549571658919
Deferred income tax assets4654184272608✕
Other noncurrent assets198192215234514416
Other undisclosed noncurrent assets      573
Total noncurrent assets:7,1127,1127,4827,77111,73612,112
TOTAL ASSETS:10,42810,25510,21911,44317,57818,693
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3781,2801,0659952,6742,730
Interest and dividends payable✕✕✕7489112113
Taxes payable✕✕✕6110287118
Employee-related liabilities✕✕✕198205432370
Accounts payable9829627325992,0432,129
Accrued liabilities396318    
Debt206 53761,034434
Other liabilities200202183289418356
Total current liabilities:1,7841,4821,2531,6604,1263,520
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,5004,1624,2274,6994,9065,896
Long-term debt, excluding current maturities3,5004,1624,2274,6994,9065,896
Other undisclosed long-term debt and lease obligation   (81)(100)(194) 
Liabilities, other than long-term debt8531921531,1833,1743,479
Accounts payable and accrued liabilities      146
Deferred compensation liability, classified      195
Liability, pension and other postretirement and postemployment benefits7561091531,1833,1742,953
Accrued environmental loss contingencies      185
Operating lease, liability978381100194✕
Other undisclosed noncurrent liabilities2548181,078324751213
Total noncurrent liabilities:4,6075,1725,4586,2068,8319,588
Total liabilities:6,3916,6546,7117,86612,95713,108
Equity
Equity, attributable to parent4,0373,6013,5083,5774,6075,573
Preferred stock555555555555
Common stock410412422433433483
Additional paid in capital3,6823,9474,2914,6687,3198,319
Accumulated other comprehensive loss(1,830)(1,841)(1,863)(1,943)(3,329)(2,926)
Retained earnings (accumulated deficit)1,7201,028603364129(358)
Equity, attributable to noncontrolling interest     1412
Total equity:4,0373,6013,5083,5774,6215,585
TOTAL LIABILITIES AND EQUITY:10,42810,25510,21911,44317,57818,693

Income Statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues6,6405,6634,9725,25914,19214,014
Cost of revenue
(Cost of Goods and Services Sold)		(4,773)(4,103)(3,596)(3,878)(11,227) 
Gross profit:1,8671,5601,3761,3812,96514,014
Operating expenses(666)(641)(628)(755)(1,930)(1,292)
Other undisclosed operating income (loss)2    (11,397)
Operating income:1,2039197486261,0351,325
Nonoperating expense(8)(82)(19)(74)(122)(79)
Investment income, nonoperating      
Gain (loss), foreign currency transaction, before tax21(2)111(26)
Other nonoperating income (expense)327(46)(25)46
Interest and debt expense(226)(237)(413)(381)(338)(378)
Income from continuing operations before equity method investments, income taxes:969600316171575868
Other undisclosed income (loss) from continuing operations before income taxes668   
Income from continuing operations before income taxes:975606324171575868
Income tax expense (benefit)(210)(137)(66)40(105)(226)
Income from continuing operations:765469258211470642
Income before gain (loss) on sale of properties:✕✕✕258211470642
Other undisclosed net income    50  
Net income attributable to parent:765469258261470642
Preferred stock dividends and other adjustments(2)(2)(2)2(2)(2)
Other undisclosed net loss available to common stockholders, basic    (4)  
Net income available to common stockholders, basic:763467256259468640
Interest on convertible debt     911
Net income available to common stockholders, diluted:763467256259477651

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:765469258261470642
Other comprehensive income (loss)  228016(401)85
Comprehensive income:76549133827769727
Other undisclosed comprehensive income, net of tax, attributable to parent11     
Comprehensive income, net of tax, attributable to parent:77649133827769727

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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