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)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments752533610424535537
Cash and cash equivalents752533610424535537
Restricted cash and investments1  11 
Receivables768803692727671671
Inventory, net of allowances, customer advances and progress billings1,8481,7831,7651,7481,7151,662
Inventory1,8481,7831,7651,7481,7151,662
Other undisclosed current assets234221249211206187
Total current assets:3,6033,3403,3163,1113,1283,057
Noncurrent Assets
Property, plant and equipment2,3072,2942,3282,2962,3192,321
Intangible assets, net (including goodwill)4,5054,5184,5404,5144,5394,542
Goodwill4,0164,0204,0354,0074,0264,024
Intangible assets, net (excluding goodwill)489498505507513518
Deferred income tax assets323846455259
Other noncurrent assets232220198200195195
Total noncurrent assets:7,0767,0707,1127,0557,1057,117
TOTAL ASSETS:10,67910,41010,42810,16610,23310,174
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3511,2941,3781,2651,2411,197
Accounts payable971964982894881877
Accrued liabilities380330396371360320
Debt782206206   
Other liabilities225198200189169206
Total current liabilities:2,3581,6981,7841,4541,4101,403
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,8773,4863,500 3,9893,988
Long-term debt, excluding current maturities2,8773,4863,500  3,988
Other undisclosed long-term debt and lease obligation     3,989 
Liabilities, other than long-term debt856865853799809812
Liability, pension and other postretirement and postemployment benefits735753756716732733
Operating lease, liability12111297837779
Other undisclosed noncurrent liabilities3112752544,041250210
Total noncurrent liabilities:4,0444,6264,6074,8405,0485,010
Total liabilities:6,4026,3246,3916,2946,4586,413
Equity
Equity, attributable to parent4,2774,0864,0373,8723,7753,761
Preferred stock555555555555
Common stock408408410412412412
Additional paid in capital3,4863,5423,6823,7703,7823,941
Accumulated other comprehensive loss(1,858)(1,861)(1,830)(1,850)(1,808)(1,806)
Retained earnings2,1861,9421,7201,4851,3341,159
Total equity:4,2774,0864,0373,8723,7753,761
TOTAL LIABILITIES AND EQUITY:10,67910,41010,42810,16610,23310,174

Income Statement (P&L) ($ in millions)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues1,8801,8241,7311,6581,6481,603
Cost of revenue
(Cost of Goods and Services Sold)
(1,287)(1,290)(1,230)(1,183)(1,196)(1,164)
Gross profit:593534501475452439
Operating expenses(195)(165)(177)(168)(167)(154)
Other undisclosed operating income  2   
Operating income:398369326307285285
Nonoperating income (expense)(15)(17)(3)(11)13(7)
Investment income, nonoperating6   (7)(4)
Gain (loss), foreign currency transaction, before tax(4)(3)5(5) 2
Other nonoperating income (expense) 1 (24)126 
Interest and debt expense(49)(49)(59)(54)(55)(58)
Income from continuing operations before equity method investments, income taxes:334303264242243220
Other undisclosed income (loss) from continuing operations before income taxes  6   
Income from continuing operations before income taxes:334303270242243220
Income tax expense(68)(60)(34)(54)(50)(72)
Net income attributable to parent:266243236188193148
Preferred stock dividends and other adjustments (1) (1) (1)
Net income available to common stockholders, diluted:266242236187193147

Comprehensive Income ($ in millions)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income:266243236188193148
Other comprehensive income      35
Comprehensive income:266243236188193183
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3(31)20(42)(2) 
Comprehensive income, net of tax, attributable to parent:269212256146191183

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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