HOWMET AEROSPACE INC. ARNC Income Statement

Howmet aerospace inc. (ARNC)

Income statement / Quarterly

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	Sep'08	Jun'08
Sales (C)
3,209	3,401	3,559	3,691	3,541	3,472	3,524	3,573	3,445	3,271	3,236	3,261	3,192	2,967	3,138	3,234	3,055	-4,876	5,573	5,897	5,819	-4,987	6,239	5,836	5,454	5,585	5,765	5,849	5,833	5,898	5,833	5,963	6,006	5,989	6,419	6,585	5,958	5,652	5,287	5,187	4,887	5,433	4,615	4,244	4,147	6,970	7,245
Cost of goods sold (exclusive of expenses below)
2,476	2,670	2,800	2,939	2,818	2,845	2,881	2,903	2,768	2,623	2,591	2,549	2,458	2,260	2,503	2,533	2,400	-3,561	4,559	4,663	4,443	-3,815	4,904	4,765	4,495	4,708	4,798	4,933	4,847	4,883	5,266	5,154	5,098	5,228	5,290	5,247	4,715	4,538	4,413	4,210	4,013	4,905	3,888	3,966	4,143	5,648	5,723
Selling, general administrative, and other expenses
169	181	167	178	178	140	134	158	172	146	152	200	217	251	229	239	205	48	261	224	232	46	243	245	236	255	248	254	251	277	234	245	241	268	261	253	245	282	232	208	239	291	234	240	244	275	298
Research and development expenses
15	15	16	17	22	26	25	29	23	28	24	29	28	37	30	32	31	-9	55	68	55	-35	57	50	51	57	44	46	45	56	51	47	43	48	47	46	43	50	40	45	39	51	39	38	41	61	61
Provision for depreciation and amortization
129	129	131	139	137	149	141	144	142	141	140	137	133	133	136	133	133	-450	318	319	321	-600	347	349	340	350	348	362	361	362	366	363	369	367	376	375	361	371	358	363	358	369	342	317	283	311	317
Restructuring and other charges (D)
21	-10	119	499	12	-11	-2	15	7	47	19	26	73	122	3	14	16	-246	66	217	177	-466	209	110	461	380	151	244	7	145	2	15	10	232	9	34	6	-12	2	30	187	69	17	82	69	38	0
Operating income
399	416	326	-81	374	323	345	324	333	-433	310	320	283	-	237	283	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
91	82	86	85	85	87	88	89	114	98	100	183	115	128	126	124	121	104	123	124	122	91	126	105	120	112	108	118	115	120	124	123	123	125	125	163	111	118	139	119	118	121	120	115	114	96	87
Other expense, net (E)
-17	-30	-31	-29	-32	-10	-8	-41	-20	76	-38	132	316	-81	11	17	12	1	15	0	12	58	-23	-5	-25	10	7	-19	27	345	2	-22	16	40	-31	50	28	43	-43	16	-21	-21	123	89	-30	-15	96
Total costs and expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,894	-	5,367	5,615	5,338	-4,837	5,909	5,629	5,728	7,583	5,690	5,976	5,599	5,498	6,041	5,969	5,868	6,228	6,139	6,068	5,453	5,304	5,227	4,959	4,975	5,827	4,517	4,669	4,924	6,444	6,390
Income before income taxes
291	304	209	-195	257	226	249	194	199	-455	172	269	484	-45	122	176	161	-786	206	282	481	-150	330	207	-274	-1,998	75	-127	234	400	-208	-6	138	-239	280	517	505	348	60	228	-88	-394	98	-425	-777	526	855
Provision for income taxes (G)
76	-5	114	-74	70	8	88	74	56	272	53	57	162	1,246	56	123	51	-62	100	75	226	-26	199	78	-77	312	31	21	64	143	-33	13	39	-74	55	136	138	56	-49	57	84	-137	-22	-108	-307	136	232
Income (loss) from continuing operations after income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,291	66	53	110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-165	225	381	367	292	109	171	-172	-257	120	-317	-470	390	623
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	38	120	125	-99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	0	-4	-1	0	0	-1	-7	-11	4	-142	-17	-38	-7
Net income (loss)
-	-	-	-	-	-	-	-	-	-	119	212	322	-1,253	186	178	11	-765	106	207	255	114	131	129	-197	-2,310	44	-148	170	257	-175	-19	99	-163	225	377	366	292	109	170	-179	-268	124	-459	-487	352	616
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	5	20	43	-5	-65	62	67	60	-45	-18	-9	-19	29	20	-29	21	15	-32	-17	5	28	53	55	58	34	48	34	22	9	47	-5	10	84	70
Net income
215	309	95	-121	187	218	161	120	143	-	-	-	-	-1,258	166	135	16	-701	44	140	195	159	149	138	-178	-2,339	24	-119	149	242	-143	-2	94	-191	172	322	308	258	61	136	-201	-277	77	-454	-497	268	546
Net (Loss) Income Attributable to Alcoa
215	309	95	-121	187	218	161	120	143	-	-	-	-	-	166	135	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-143	-2	94	-191	172	322	308	258	61	136	-201	-277	77	-454	-497	268	546
Amounts Attributable to Howmet Aerospace Common Shareholders (H):
(Loss) income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-193	172	326	309	258	61	137	-194	-120	-73	-312	-480	306	553
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	0	-4	-1	0	0	-1	-7	-11	4	-142	-17	-38	-7
Net income
214	318	94	-121	186	229	160	120	142	-727	101	194	305	-1,274	148	118	-2	-718	26	123	178	-	149	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Basic [Abstract]
Continuing operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-2.98	0.11	0.08	0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.18	0.16	0.31	0.29	0.25	0.06	0.13	-0.19	-0.22	0.07	-0.32	-0.59	0.37	0.68
Discontinued operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	0.06	0.23	0.19	-0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.01	0.00	-	0.00	0.00	-0.01	-0.01	0.01	-0.15	-0.02	-0.04	-0.01
Earning per share - basic (in usd per share)
0.49	0.70	0.22	-0.27	0.40	0.45	0.33	0.25	0.30	-1.64	0.23	0.44	0.69	-2.92	0.34	0.27	0.00	-1.24	0.06	0.10	0.15	0.55	0.13	0.12	-0.16	-2.19	0.02	-0.11	0.14	0.22	-0.13	0.00	0.09	-0.18	0.16	0.30	0.29	0.26	0.06	0.13	-0.20	-0.23	0.08	-0.47	-0.61	0.33	0.67
Continuing operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-2.98	0.11	0.08	0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.15	0.15	0.28	0.27	0.25	0.06	0.13	-0.19	-0.22	0.07	-0.32	-0.59	0.37	0.67
Discontinued operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	0.07	0.22	0.19	-0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.00	-0.01	0.00	0.00	0.00	0.00	-0.01	-0.01	0.01	-0.15	-0.02	-0.04	-0.01
Earning per share - diluted (in usd per share)
0.49	0.70	0.21	-0.27	0.39	0.45	0.32	0.24	0.29	-	0.22	0.43	0.65	-2.91	0.33	0.27	0.00	-1.23	0.06	0.10	0.14	0.55	0.12	0.12	-0.16	-2.18	0.02	-0.11	0.13	0.23	-0.13	-0.01	0.09	-0.15	0.15	0.28	0.27	0.25	0.06	0.13	-0.20	-0.23	0.08	-0.47	-0.61	0.33	0.66
Earnings Per Share, Diluted [Abstract]
Dividends paid per share (in usd per share)
-	-	-	-	-	-	-	-	-	-	0.06	0.06	0.06	-	0.09	0.09	0.09	-	0.09	0.03	0.03	-	0.03	0.03	0.03	-	0.03	0.03	0.03	-	0.03	0.03	0.03	-	0.03	0.03	0.03	-	0.03	0.03	0.03	-	0.03	0.03	0.17	0.17	0.17
Average Shares Outstanding (H):
Average shares outstanding - basic (in shares)
435	432	436	445	471	484	483	483	482	481	442	441	440	-	438	438	438	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Average shares outstanding - diluted (in shares)
440	461	457	445	489	505	502	502	503	381	462	462	499	-	453	452	438	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-