Howmet Aerospace Inc. (ARNC) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Transportation and Construction Solutions						12,840.0		1,882.0
Global Rolled Products						6,723.0		5,378.0
Other	742.0	630.0	586.0	783.0	825.0	257.0	125.0
Other	4,921.0	4,342.0	4,673.0	6,315.0	5,953.0		12,269.0	5,153.0
Total revenues [+]	5,663.0	4,972.0	5,259.0	7,098.0	6,778.0	12,960.0	12,394.0	12,413.0
Products	5,663.0	4,972.0	5,259.0	7,098.0	6,778.0	12,960.0		12,413.0
Revenue growth [+]	13.9%	-5.5%	-25.9%	4.7%	-47.7%	4.6%	-0.2%	-1.0%
Transportation and Construction Solutions								-6.9%
Global Rolled Products								-17.6%
Other	17.8%	7.5%	-25.2%	-5.1%	221.0%	105.6%
Cost of goods sold	4,103.0	3,596.0	3,878.0	5,214.0	5,114.0	10,221.0	9,696.0	10,104.0
Gross profit	1,560.0	1,376.0	1,381.0	1,884.0	1,664.0	2,739.0	2,698.0	2,309.0
Gross margin	27.5%	27.7%	26.3%	26.5%	24.6%	21.1%	21.8%	18.6%
Selling, general and administrative	288.0	251.0	277.0	400.0	371.0	715.0	924.0	765.0
Research and development	32.0	17.0	17.0	28.0	41.0	109.0	130.0	169.0
Other operating expenses								508.0
EBITDA [+]	1,240.0	1,108.0	1,146.0	1,697.0	1,514.0	1,915.0	2,241.0	2,147.0
EBITDA growth	11.9%	-3.3%	-32.5%	12.1%	-20.9%	-14.5%	4.4%	-4.2%
EBITDA margin	21.9%	22.3%	21.8%	23.9%	22.3%	14.8%	18.1%	17.3%
Depreciation and amortization	265.0	270.0	338.0	536.0	576.0	551.0	1,132.0	1,280.0
EBIT [+]	975.0	838.0	808.0	1,161.0	938.0	1,364.0	1,109.0	867.0
EBIT growth	16.3%	3.7%	-30.4%	23.8%	-31.2%	23.0%	27.9%	-0.2%
EBIT margin	17.2%	16.9%	15.4%	16.4%	13.8%	10.5%	8.9%	7.0%
Non-recurring items [+]	56.0	90.0	182.0	582.0	163.0	884.0	155.0	239.0
Asset impairment						719.0		25.0
Interest expense, net [+]	229.0	259.0	317.0	338.0	377.0	496.0	499.0	457.0
Interest expense	229.0	259.0	317.0	338.0	377.0	496.0	499.0	473.0
Interest income								16.0
Other income (expense), net	-84.0	-165.0	-138.0	-31.0	30.0	486.0	-41.0	12.0
Pre-tax income	606.0	324.0	171.0	210.0	428.0	470.0	414.0	183.0
Income taxes	137.0	66.0	-40.0	84.0	119.0	544.0	1,476.0	339.0
Tax rate	22.6%	20.4%		40.0%	27.8%	115.7%	356.5%	185.2%
Earnings from continuing ops	467.0	256.0	259.0	477.0	651.0	-127.0	-1,194.0	-350.0
Earnings from discontinued ops							184.0	-41.0
Net income	467.0	256.0	259.0	477.0	651.0	-127.0	-1,010.0	-391.0
Net margin	8.2%	5.1%	4.9%	6.7%	9.6%	-1.0%	-8.1%	-3.1%

Basic EPS [+]	$1.12	$0.60	$0.60	$1.07	$1.35	($0.28)	($2.73)	($0.83)
Growth	88.6%	0.0%	-44.3%	-20.6%	-578.6%	-89.7%	227.1%	-3683.3%
Diluted EPS [+]	$1.11	$0.59	$0.59	$1.03	$1.29	($0.28)	($2.73)	($0.83)
Growth	88.5%	-0.2%	-42.7%	-20.4%	-559.6%	-89.7%	227.1%	-3738.9%

Dividends per share [+]	$0.10	$0.04	$0.02	$0.12	$0.24	$0.24	$0.36	$0.12
Growth	150.0%	100.0%	-83.3%	-50.0%	0.0%	-33.3%	200.0%	0.0%

Shares outstanding (basic) [+]	416.0	430.0	435.0	446.0	483.0	451.0	438.0	420.0
Growth	-3.3%	-1.1%	-2.5%	-7.7%	7.1%	3.0%	4.3%	8.5%
Shares outstanding (diluted) [+]	421.0	435.0	439.0	463.0	503.0	451.0	438.0	420.0
Growth	-3.2%	-0.9%	-5.2%	-8.0%	11.5%	3.0%	4.3%	6.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.