Alcoa Corporation (AA) Financial Statements (2024 and earlier)

Company Profile

Business Address 201 ISABELLA STREET
PITTSBURGH, PA 15212
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3334 - Primary Production of Aluminum (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3631,8141,6078791,1131,358
Cash and cash equivalents1,3631,8141,6078791,1131,358
Restricted cash and investments554    
Receivables9098845566601,0031,043
Inventory, net of allowances, customer advances and progress billings2,4271,9561,3981,6441,6441,453
Inventory2,4271,9561,3981,6441,6441,453
Derivative instruments and hedges, assets13414215973113
Disposal group, including discontinued operation   648   
Other undisclosed current assets362354290288301271
Total current assets:5,2505,0264,5203,5304,1344,238
Noncurrent Assets
Operating lease, right-of-use asset    154
Property, plant and equipment6,4936,6237,1907,9168,3279,138
Long-term investments and receivables1,1221,1991,0511,1131,3601,410
Long-term investments1,1221,1991,0511,1131,3601,410
Intangible assets, net (including goodwill)    52 989
Goodwill      989
Intangible assets, net (excluding goodwill)    52  
Derivative instruments and hedges27 1882128
Deferred income tax assets296506655 
Other noncurrent assets1,5931,6641,4441,4121,4751,719
Other undisclosed noncurrent assets    436560(175)
Total noncurrent assets:9,5069,99910,34011,10111,80413,209
TOTAL ASSETS:14,75615,02514,86014,63115,93817,447
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3222,4311,8892,0012,4892,639
Taxes payable37491104426282
Employee-related liabilities383395413400459
Accounts payable1,7571,6741,4031,4841,6631,898
Accrued liabilities565     
Debt1121116
Derivative instruments and hedges, liabilities2002741036782185
Disposal group, including discontinued operation   242   
Other liabilities481517525494347412
Total current liabilities:3,0043,2232,7612,5632,9193,252
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,8061,7262,4631,7991,8011,388
Long-term debt, excluding current maturities 1,8061,7262,4631,7991,8011,388
Other undisclosed long-term debt and lease obligation (64)(82)(100)  
Liabilities, other than long-term debt2,9613,2734,1504,0653,7095,925
Deferred revenue and credits68
Accounts payable and accrued liabilities215191209276301309
Deferred revenue 28364552
Asset retirement obligations711622625606529617
Liability, pension and other postretirement and postemployment benefits6931,0672,2362,2542,2753,441
Accrued environmental loss contingencies226265293296236258
Restructuring reserve 344    
Operating lease, liability 596482100
Business combination, contingent consideration, liability     107127
Derivative instruments and hedges, liabilities1,0261,0487425812611,105
Other undisclosed noncurrent liabilities39651947031811584
Total noncurrent liabilities:5,1635,5187,0836,1825,6257,397
Total liabilities:8,1678,7419,8448,7458,54410,649
Equity
Equity, attributable to parent5,0764,6723,3114,1125,3894,523
Common stock222222
Additional paid in capital9,1839,5779,6639,6399,6119,590
Accumulated other comprehensive loss(3,539)(4,592)(5,629)(4,974)(4,565)(5,182)
Retained earnings (accumulated deficit)(570)(315)(725)(555)341113
Equity, attributable to noncontrolling interest1,5131,6121,7051,7742,0052,275
Total equity:6,5896,2845,0165,8867,3946,798
TOTAL LIABILITIES AND EQUITY:14,75615,02514,86014,63115,93817,447

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues12,45112,1529,28610,43313,40311,652
Revenue, net11,652
Cost of revenue
(Cost of Goods and Services Sold)
(10,212)(9,153)(7,969)(8,537)  
Gross profit:2,2392,9991,3171,89613,40311,652
Operating expenses(388)(431)(288)(1,150)(806)(625)
Operating income:1,8512,5681,02974612,59711,027
Nonoperating income (expense)118445(8)(162)(64)58
Gain (loss), foreign currency transaction, before tax(9)(3)(20)(16)57(8)
Other nonoperating income5011416102
Interest and debt expense(106)(195)(146)(121)(122)(104)
Income (loss) from continuing operations before equity method investments, income taxes:1,8632,81887546312,41110,981
Other undisclosed loss from continuing operations before income taxes(1,161)(1,619)(702)(901)(10,814)(9,822)
Income (loss) from continuing operations before income taxes:7021,199173(438)1,5971,159
Income tax expense(664)(629)(187)(415)(726)(600)
Income (loss) from continuing operations:38570(14)(853)871559
Income (loss) before gain (loss) on sale of properties:570(14)(853)871559
Net income (loss):38570(14)(853)871559
Net income (loss) attributable to noncontrolling interest(161)(141)(156)(272)(644)(342)
Net income (loss) available to common stockholders, diluted:(123)429(170)(1,125)227217

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):38570(14)(853)871559
Other comprehensive income (loss)960998(697)(454)369(1,252)
Comprehensive income (loss):9981,568(711)(1,307)1,240(693)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(68)(102)(114)(227)(644)(342)
Comprehensive income (loss), net of tax, attributable to parent:9301,466(825)(1,534)596(1,035)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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