Howmet Aerospace Inc. (HWM) quarterly cash flow statement — complete operating, investing & financing history
Howmet Aerospace Inc. (HWM) cash flow statement — 12-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 583M | 453M | 654M | 531M | 446M | 253M | 480M | 244M | 397M | 177M | 458M | 191M | 229M | 23M | 455M | 65M | 158M | 55M | 303M | 67M |
| Operating CF Margin % | 22.89% | 19.59% | 30.17% | 25.42% | 21.72% | 13.03% | 25.38% | 13.3% | 21.12% | 9.7% | 26.46% | 11.52% | 13.9% | 1.43% | 30.07% | 4.54% | 11.34% | 4.15% | 23.58% | 5.22% |
| Operating CF Growth % | 30.72% | 79.05% | 36.25% | 117.62% | 12.34% | 42.94% | 4.8% | 27.75% | 73.36% | 669.57% | 0.66% | 193.85% | 44.94% | -58.18% | 50.17% | -2.99% | 85.88% | 1016.67% | 100.66% | -43.22% |
| Net Income | 534M | 580M | 372M | 385M | 407M | 344M | 314M | 332M | 266M | 243M | 236M | 188M | 193M | 148M | 111M | 80M | 147M | 131M | 77M | 27M |
| Depreciation & Amortization | 84M | 74M | 73M | 72M | 69M | 69M | 73M | 68M | 69M | 67M | 68M | 68M | 67M | 69M | 67M | 65M | 67M | 66M | 67M | 68M |
| Stock-Based Compensation | 36M | 21M | 14M | 20M | 25M | 14M | 9M | 16M | 23M | 15M | 11M | 13M | 12M | 14M | 11M | 14M | 18M | 11M | 13M | 14M |
| Deferred Taxes | -6M | 15M | -58M | 63M | -6M | 18M | 16M | -28M | 35M | 32M | 16M | 35M | 26M | 31M | 21M | 6M | 24M | 28M | 14M | 9M |
| Other Non-Cash Items | -64M | -75M | 84M | 17M | 16M | 14M | -33M | -364M | 44M | 18M | 14M | 14M | 12M | 11M | 34M | 14M | 13M | 33M | 44M | 131M |
| Working Capital Changes | -1M | -162M | 169M | -26M | -65M | -206M | 101M | 220M | -40M | -198M | 113M | -127M | -81M | -250M | 211M | -114M | -111M | -214M | 88M | -182M |
| Change in Receivables | -32M | -164M | 71M | -10M | 19M | -189M | 40M | 100M | 27M | -127M | 81M | -87M | -29M | -137M | 85M | -77M | -46M | -123M | 22M | -188M |
| Change in Inventory | -55M | -110M | 45M | -14M | -32M | -49M | 33M | -30M | -78M | -31M | 6M | -49M | -54M | -45M | 37M | -80M | -104M | -87M | 11M | 30M |
| Change in Payables | 59M | 220M | -90M | -57M | 16M | 58M | 18M | -73M | -16M | 22M | 50M | 23M | -13M | -67M | 116M | 12M | 50M | 68M | 81M | 15M |
| Cash from Investing | -1.91B | 14M | -122M | -104M | -97M | -115M | -107M | -80M | -54M | -75M | -52M | -58M | -41M | -64M | -29M | -41M | -4M | -61M | -37M | 50M |
| Capital Expenditures | -104M | -94M | -124M | -329M | -102M | -119M | -102M | -82M | -55M | -82M | -55M | -59M | -41M | -64M | -45M | -42M | -44M | -62M | -61M | -47M |
| CapEx % of Revenue | 4.08% | 4.06% | 5.72% | 15.75% | 4.97% | 6.13% | 5.39% | 4.47% | 2.93% | 4.5% | 3.18% | 3.56% | 2.49% | 3.99% | 2.97% | 2.93% | 3.16% | 4.68% | 4.75% | 3.66% |
| Acquisitions | -1.81B | -118M | 0 | 0 | 0 | 0 | 0 | -8M | 1M | 7M | 1M | 1M | 0 | 0 | 16M | 0 | 41M | 1M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 3M | 224M | 0 | 212M | 5M | 4M | -5M | 10M | 0 | 0 | 3M | 0 | 0 | 0 | 0 | 1M | -1M | 0 | 23M | 97M |
| Cash from Financing | -541M | 1.23B | -449M | -314M | -339M | -167M | -284M | -441M | -123M | -178M | -222M | -243M | -189M | -214M | -89M | -106M | -137M | -194M | -270M | -106M |
| Debt Issued (Net) | -636M | 1.65B | -130M | -63M | -76M | -1M | -60M | -292M | -23M | 0 | -101M | -200M | 0 | -176M | -10M | 0 | -63M | -3M | -56M | 48M |
| Equity Issued (Net) | -300M | -300M | -255M | -200M | -175M | -125M | -189M | -100M | -59M | -150M | -100M | -25M | -97M | -19M | -63M | -100M | -82M | -175M | -205M | -25M |
| Dividends Paid | -49M | -48M | -50M | -48M | -41M | -42M | -33M | -34M | -21M | -21M | -21M | -17M | -18M | -17M | -17M | -9M | -9M | -9M | -8M | -10M |
| Share Repurchases | -300M | -300M | -255M | -200M | -175M | -125M | -190M | -100M | -60M | -150M | -100M | -25M | -100M | -25M | -65M | -100M | -60M | -175M | -205M | -25M |
| Other Financing | 444M | -76M | -14M | -3M | -47M | 1M | -2M | -15M | -20M | -7M | 0 | -1M | -74M | -2M | 1M | 3M | 17M | -7M | -1M | -119M |
| Net Change in Cash | -1.87B | 1.69B | 82M | 114M | 9M | -28M | 90M | -277M | 219M | -77M | 185M | -111M | -2M | -254M | 338M | -84M | 16M | -200M | -4M | 10M |
| Free Cash Flow | 479M | 359M | 530M | 202M | 344M | 134M | 378M | 162M | 342M | 95M | 403M | 132M | 188M | -41M | 410M | 23M | 114M | -7M | 242M | 20M |
| FCF Margin % | 18.81% | 15.52% | 24.45% | 9.67% | 16.76% | 6.9% | 19.99% | 8.83% | 18.19% | 5.21% | 23.28% | 7.96% | 11.41% | -2.56% | 27.1% | 1.6% | 8.18% | -0.53% | 18.83% | 1.56% |
| FCF Growth % | 39.24% | 167.91% | 40.21% | 24.69% | 0.58% | 41.05% | -6.2% | 22.73% | 81.91% | 331.71% | -1.71% | 473.91% | 64.91% | -485.71% | 69.42% | 15% | 132.65% | 88.52% | 132.69% | 2100% |
| FCF per Share | 1.19 | 0.89 | 1.31 | 0.50 | 0.85 | 0.33 | 0.93 | 0.40 | 0.83 | 0.23 | 0.97 | 0.32 | 0.45 | -0.10 | 0.98 | 0.05 | 0.27 | -0.02 | 0.56 | 0.05 |
| FCF Conversion (FCF/Net Income) | 1.09x | 0.78x | 1.76x | 1.38x | 1.10x | 0.74x | 1.53x | 0.73x | 1.49x | 0.73x | 1.94x | 1.02x | 1.19x | 0.16x | 4.10x | 0.81x | 1.07x | 0.42x | 3.94x | 2.48x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |