HOWMET AEROSPACE INC. ARNC Cash Flow

Howmet aerospace inc. (ARNC)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating activities
Net income
498	470	379	445	686	642	-303	-345	-253	-74	-600	-533	-567	-878	-390	-470	-441	-197	682	707	629	177	-2,247	-2,334	-2,611	-2,244	323	104	233	162	-258	142	538	805	1,260	1,144	937	392	-168	-153	-782	-1,090	0	0	0
Adjustments to reconcile net income to cash used for operations:
Depreciation and amortization
528	536	556	566	571	576	568	567	560	551	604	780	956	1,132	1,259	1,261	1,268	1,280	1,295	1,323	1,353	1,372	1,386	1,388	1,401	1,422	1,435	1,453	1,454	1,462	1,467	1,478	1,489	1,481	1,484	1,465	1,454	1,451	1,449	1,433	1,386	1,311	0	0	0
Deferred income taxes
-8	-19	-100	-94	21	31	505	454	432	434	1,216	1,230	1,231	1,125	-15	1	-75	34	-55	53	6	-35	282	103	173	178	-6	-54	-12	-99	-298	-242	-162	-181	-427	-485	-474	-287	-479	-418	-504	-596	0	0	0
Equity income, net of dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-42	-53	-128	-138	-158	-153	-86	-93	-104	-125	-122	-99	-77	-45	-34	-23	-2	1	8	30	26	25	30	11	22	-10	-4	3	-39	0	0	0
Restructuring and other charges
629	620	619	498	14	9	67	88	99	165	241	240	237	257	-1,521	-1,473	-1,279	-1,195	-6	137	30	314	1,160	1,102	1,236	782	547	398	169	172	259	266	285	281	37	30	26	207	288	303	355	237	0	0	0
Net loss from investing activities—asset sales
-7	-7	-11	-11	-15	-10	6	3	167	513	518	643	507	156	0	0	0	-	-	-	-	47	47	33	32	10	0	0	0	-	-	41	40	41	0	0	0	-	-	-	81	106	0	0	0
Net periodic pension benefit cost (F)
112	115	117	117	118	130	154	180	204	217	221	244	275	304	366	410	446	485	467	448	436	423	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
63	60	51	48	45	50	51	48	54	67	72	79	88	86	87	92	92	92	94	93	88	87	83	74	73	71	72	74	71	67	67	77	79	83	84	79	82	84	88	84	86	87	0	0	0
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-5	-5	-2	-8	-19	-15	-156	-166	0	0	0
Excess tax benefits from stock-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	11	16	17	9	0	0	0	-	-	-	-	1	1	1	2	6	0	0	0	-	-	-	-	-	-	-	-
Other
-27	-13	-29	-39	-37	-75	-61	-47	-143	-112	-108	-159	-66	-63	-100	-51	-56	32	66	41	51	-66	0	0	0	-	-	-	-	-63	-118	-131	-78	-53	-307	-237	-210	-151	203	186	247	219	0	0	0
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:
(Increase) in receivables
698	977	1,079	1,176	1,228	1,142	1,143	1,057	924	915	1,582	1,365	1,271	1,016	-83	-194	-219	-212	-256	287	203	312	459	-9	75	141	69	56	78	-104	-130	-108	-152	115	54	-30	332	102	245	313	-207	-685	0	0	0
(Increase) in inventories
21	3	-18	-29	51	74	208	262	248	192	204	176	56	29	-119	-154	-144	64	46	119	319	355	319	257	95	-25	-20	-109	-67	-96	-204	5	136	339	731	550	468	217	-121	-137	-640	-1,268	0	0	0
(Increase) in prepaid expenses and other current assets
-16	-4	-19	-9	3	1	-2	11	21	-11	60	50	53	76	-5	-43	-63	-46	-34	5	58	25	53	59	21	9	19	9	12	62	-37	-83	-123	-77	-6	62	58	-27	-66	-79	-129	-126	0	0	0
(Decrease) increase in accounts payable, trade
-336	-56	-37	92	390	339	413	349	198	62	334	406	382	232	-46	-203	-179	-90	-67	100	203	256	233	53	16	326	273	320	165	-12	115	165	286	394	482	523	494	328	118	57	-215	-634	0	0	0
(Decrease) in accrued expenses
-146	-42	-184	-152	-141	-190	-74	-95	-122	-116	-115	-198	-163	-394	-430	-364	-426	-437	-419	-476	-424	-451	-479	-414	-427	-418	-480	-449	-302	-166	98	60	15	-16	-50	-139	-180	-239	-52	-64	-121	-98	0	0	0
Increase in taxes, including income taxes
41	-2	133	108	143	104	-104	-107	-126	-23	174	157	140	93	-47	-48	-4	25	193	189	220	7	-134	-135	-224	-43	33	35	5	15	21	57	53	115	452	391	315	503	539	526	517	-143	0	0	0
Pension contributions
269	268	227	201	176	298	341	384	434	310	320	306	273	290	334	448	455	470	418	388	495	501	554	563	470	462	400	390	431	561	634	585	518	336	260	172	122	113	96	103	116	128	0	0	0
(Increase) in noncurrent assets
6	7	-1	21	22	20	37	-15	6	41	-95	-3	173	152	306	233	357	370	395	369	62	42	37	133	136	156	139	113	-22	-9	28	-24	133	154	119	183	134	83	34	72	240	201	0	0	0
(Decrease) in noncurrent liabilities
-64	-45	22	9	-18	-24	-213	-196	-194	-193	-162	-172	-220	-248	-168	-249	-226	-227	-298	-239	-213	-209	-446	-305	-213	-71	329	504	574	570	463	233	137	125	207	208	206	183	229	226	189	234	0	0	0
Cash used for discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	-6	-4	-1	7	2	1	0	-14	0	0	0
Cash used for operations
373	406	326	325	395	217	125	17	-80	-39	-486	-123	130	95	1,073	1,187	1,327	1,582	0	0	0	-	-	-	-	-	-	-	1,663	1,497	1,706	1,932	2,193	2,193	2,421	2,324	1,826	2,261	2,015	1,807	1,835	1,365	0	0	0
(Increase) in net assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	7	32	31	15	-3	0	0	0
CASH PROVIDED FROM OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	2,203	2,427	2,328	1,827	2,254	2,013	1,806	1,835	1,379	0	0	0
Financing Activities
Net change in short-term borrowings (original maturities of three months or less)
3	2	-10	-12	-11	-7	-14	-6	-5	-2	18	11	3	-3	-16	-17	-40	-16	0	0	0	-	-	0	0	-	-	-	-	-10	34	41	-170	-31	-23	-31	94	-44	-224	-522	-510	-292	0	0	0
Additions to debt (original maturities greater than three months)
1,450	400	450	526	600	600	602	604	606	816	1,313	1,598	1,883	1,962	1,680	1,750	1,823	1,901	1,531	2,774	2,774	2,878	3,206	1,781	1,848	1,852	1,613	1,439	867	972	888	737	1,981	1,256	1,298	2,297	1,078	1,126	1,088	227	413	1,049	0	0	0
Net change in commercial paper
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-171	-224	0	0	0	-	-	-	-	-	-	-	-	-1,535	0	0	0
Payments on debt (original maturities greater than three months)
655	806	454	528	603	1,103	1,102	1,102	1,925	1,634	2,894	3,185	2,653	2,734	1,803	1,875	1,952	2,030	1,557	1,611	1,611	1,723	2,054	1,819	2,309	2,317	2,676	2,477	1,714	1,489	865	758	1,575	1,194	1,292	2,729	1,704	1,757	1,712	256	241	156	0	0	0
Debt issuance costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	0	0	0	-	-	-	-	-	-	-	-	17	0	0	0
Premiums paid on early redemption of debt (P)
-	-	-	-	-	17	17	17	69	52	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of employee stock options
85	56	20	14	5	16	17	37	40	50	0	0	0	-	-	-	-	25	48	79	103	150	0	0	0	-	-	-	-	12	13	13	17	37	41	40	36	13	0	0	0	-	-	-	-
Excess tax benefits from stock-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	11	16	17	9	0	0	0	-	-	-	-	1	1	1	2	6	0	0	0	-	-	-	-	-	-	-	-
Dividends paid to shareholders
37	57	78	98	118	119	119	134	147	162	189	202	216	228	245	228	226	223	205	201	182	161	138	135	132	132	132	131	131	131	131	132	131	131	129	127	126	125	124	123	123	228	0	0	0
Distributions to noncontrolling interests
-	-	-	-	-	-	-	-	-	14	64	156	190	226	210	119	127	106	117	136	114	120	104	137	119	109	104	52	94	95	75	140	186	257	355	330	281	256	201	174	135	140	0	0	0
Issuance of common stock (R)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	876	0	0	0
Repurchase of common stock
450	1,150	1,100	900	700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53	44	44	17	12	51	73	96	171	165	151	138	169	177	226	256	162	274	291	348	480	0	0	0
Acquisitions of noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66	0	0	0	-	-	-	-
Other
-33	-13	-12	-16	-21	-19	-21	-19	-14	-17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash provided from (used for) financing activities
318	-1,568	-1,184	-1,014	-848	-649	-654	-637	-1,514	-1,015	-1,377	-1,505	-693	-757	-580	-489	-522	-441	-392	1,800	2,214	2,250	2,366	133	-716	-679	-1,326	-1,515	-1,145	-798	-37	218	331	62	-188	-735	-647	-952	-961	-641	-646	37	0	0	0
Investing Activities
Capital expenditures
487	586	686	784	819	768	733	655	610	596	671	826	977	1,125	1,212	1,194	1,184	1,180	1,251	1,266	1,257	1,219	1,172	1,139	1,167	1,193	1,169	1,221	1,226	1,261	1,349	1,372	1,353	1,287	1,166	1,057	998	1,015	1,013	1,167	1,370	1,617	0	0	0
Proceeds from the sale of assets and businesses (P)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	0	0	0
Acquisitions, net of cash acquired (S)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-97	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	240	240	317	316	72	72	-102	-99	-112	0	0	0
Proceeds from the sale of assets and businesses (Q)
-	-	-	-	-	-	0	0	-1	-	0	-134	-460	-692	-683	-602	-342	-112	0	0	0	-	-	-	-	-13	610	607	606	615	0	0	0	-	-	-	-	-	-	-	-	-65	0	0	0
Additions to investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	71	92	129	134	144	139	145	195	188	240	234	293	301	272	317	300	399	362	360	374	344	392	341	352	379	344	281	181	0	0	0
Sales of investments
-	-	-	-	-	-	0	0	11	-	890	893	1,149	280	0	0	0	-	-	-	-	57	0	0	0	-	-	-	-	31	60	60	60	54	8	8	9	141	143	663	662	1,031	0	0	0
Cash receipts from sold receivables (J)
883	995	953	1,013	1,040	1,016	971	927	833	792	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	4	12	20	0	0	0	-	-	-68	-104	-170	-166	-186	-155	-87	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
0	2	1	2	3	1	2	1	-4	-243	-175	-185	-184	44	-27	-29	-27	-25	-29	-33	-33	-31	-28	-13	-11	-13	-16	-64	-68	-69	-35	32	32	39	0	0	0	-	-	-	-	-4	0	0	0
Cash provided from investing activities
635	583	642	590	578	565	252	287	239	1,320	1,791	1,460	1,702	591	-378	-65	-596	-1,060	-3,256	-3,619	-3,685	-3,460	-1,232	-1,255	-1,245	-1,290	-658	-616	-694	-759	-1,549	-1,654	-1,650	-1,852	-1,743	-1,720	-1,616	-1,272	-1,298	-678	-1,065	-721	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-9	0	-2	-1	-7	-4	-1	3	9	9	-9	-9	-7	-8	9	-15	-16	-39	-60	-57	-53	-24	-15	2	-26	-33	-22	-19	-18	-18	-20	-44	-12	-7	0	0	0	-	-	-	-	38	0	0	0
Net change in cash, cash equivalents and restricted cash
1,317	-579	-218	-100	118	129	-278	-330	-1,346	275	-81	-177	1,132	-79	124	618	193	42	-1,533	128	526	440	2,255	-19	-890	-424	-415	-510	-194	-78	100	452	862	396	489	-84	-405	62	-223	493	161	719	0	0	0