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Howmet Aerospace cash flow statement

In fiscal 2025, Howmet Aerospace's operations generated $1.88bn of cash; it spent $453m on capital projects, leaving free cash flow of $1.43bn. It returned $181m in dividends and $700m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations1,3652,2612,1931,4971,5781,6741,58295−3921746194497339011,2981,8842,399
Depreciation and amortisation1,3111,4511,4811,4621,4221,3721,2801,132551576536338270265272277283324
Stock-based pay878483677187777654406946405450637394
Capital spending1,6171,0151,2871,2611,1931,2191,1801,125596768641267199193219321453469
Free cash flow−2521,246906236385455402−1,030−635−551−180−2582505406829771,4311,930
Free cash flow after stock pay−3391,162823169314368325−1,106−689−591−249−3042104866329141,3581,836
Dividends paid2281251311311321612232281621195711194473109181203
Share buybacks0———————001,150734304002505007001,300
Shares issued876—————————————————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Howmet Aerospace's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Howmet Aerospace.