| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 1,136 | 751 | 344 | 841 |
| Depreciation and amortization | 210 | 138 | 69 | 204 |
| Deferred income taxes | 75 | 12 | 18 | 39 |
| Restructuring and other (credits) charges | -4 | -4 | -4 | 21 |
| Net realized and unrealized losses | -17 | -11 | -5 | -18 |
| Net periodic pension cost | 31 | 21 | 10 | 31 |
| Stock-based compensation | 59 | 39 | 14 | 54 |
| Loss on debt redemption | 0 | - | - | -6 |
| Other | -3 | -2 | -3 | -4 |
| Increase in receivables | 180 | 170 | 189 | 97 |
| Increase in inventories | 95 | 81 | 49 | 139 |
| (increase) decrease in prepaid expenses and other current assets | 11 | -6 | -24 | -9 |
| Increase (decrease) in accounts payable, trade | 17 | 74 | 58 | -67 |
| Decrease in accrued expenses | -2 | -47 | -91 | -42 |
| Decrease in taxes, including income taxes | -3 | -20 | 60 | -5 |
| Pension contributions | 30 | 15 | 0 | 33 |
| Increase in noncurrent assets | 6 | 2 | 1 | 6 |
| Increase (decrease) in noncurrent liabilities | 13 | -16 | -18 | -20 |
| Cash provided from operations | 1,230 | 699 | 253 | 818 |
| Additions to debt | 0 | - | - | 500 |
| Repurchases and payments on debt | 140 | 77 | 1 | 805 |
| Debt issuance costs | 0 | - | - | 5 |
| Premiums paid on early redemption of debt | 0 | - | - | 5 |
| Repurchasesofcommonstock | 500 | 300 | 125 | 310 |
| Proceeds from exercise of employee stock options | 1 | 1 | 1 | 7 |
| Dividends paid to shareholders | 131 | 83 | 42 | 76 |
| Taxes paid for net share settlement of equity awards | 45 | 44 | 0 | 48 |
| Other | -5 | -3 | - | - |
| Cash used for financing activities | -820 | -506 | -167 | -742 |
| Capital expenditures | 329 | 221 | 119 | 219 |
| Proceeds from the sale of assets and businesses | 9 | 8 | 5 | 9 |
| Additions to investments | 9 | - | - | - |
| Sale of investments | 13 | - | - | - |
| Other | 0 | -1 | 1 | -1 |
| Cash used for investing activities | -316 | -212 | -115 | -209 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 1 | 0 | 1 | -2 |
| Net change in cash, cash equivalents and restricted cash | 95 | -19 | -28 | -135 |
| Cash and cash equivalents at beginning of period | 565 | - | - | - |
| Cash and cash equivalents at end of period | 660 | - | - | - |
Howmet Aerospace Inc. (HWM)
Howmet Aerospace Inc. (HWM)