Alcoa Corporation (AA) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8411,1131,358853
Cash and cash equivalents8411,1131,358853
Receivables8241,0031,043834
Inventory, net of allowances, customer advances and progress billings1,6491,6441,4531,160
Inventory1,6491,6441,4531,160
Derivative instruments and hedges, assets8473113 
Other undisclosed current assets245301271334
Total current assets:3,6434,1344,2383,181
Noncurrent Assets
Operating lease, right-of-use asset158
Property, plant and equipment7,9298,3279,1389,325
Long-term investments and receivables1,1141,3601,4101,358
Long-term investments1,1141,3601,4101,358
Intangible assets, net (including goodwill)  989290
Goodwill  989155
Intangible assets, net (excluding goodwill)   135
Derivative instruments and hedges4782128468
Other noncurrent assets1,3771,4751,7191,668
Other undisclosed noncurrent assets402560(175)451
Total noncurrent assets:11,02711,80413,20913,560
TOTAL ASSETS:14,67015,93817,44716,741
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9032,4892,6392,058
Accounts payable1,4181,6631,8981,455
Employee-related liabilities404400459456
Taxes payable81426282147
Debt111621
Derivative instruments and hedges, liabilities6782185 
Other liabilities484347412742
Total current liabilities:2,4552,9193,2522,821
Noncurrent Liabilities
Long-term debt and lease obligation1,8051,8011,3881,424
Long-term debt, excluding current maturities 1,8011,3881,424
Operating lease, liability96
Other undisclosed long-term debt and lease obligation1,709   
Liabilities, other than long-term debt3,6813,7095,9254,326
Deferred revenue and credits6876
Accounts payable and accrued liabilities299301309310
Asset retirement obligations491529617229
Liability, pension and other postretirement and postemployment benefits2,2092,2753,4413,017
Accrued environmental loss contingencies238236258264
Estimated litigation liability   74
Restructuring reserve19   
Business combination, contingent consideration, liability 107127122
Derivative instruments and hedges, liabilities4252611,105234
Other undisclosed noncurrent liabilities31911584473
Total noncurrent liabilities:5,8055,6257,3976,223
Total liabilities:8,2608,54410,6499,044
Stockholders' equity
Stockholders' equity attributable to parent4,5395,3894,5235,654
Common stock2222
Additional paid in capital9,6389,6119,5909,531
Accumulated other comprehensive loss(4,849)(4,565)(5,182)(3,775)
Retained earnings (accumulated deficit)(252)341113(104)
Stockholders' equity attributable to noncontrolling interest1,8712,0052,2752,043
Total stockholders' equity:6,4107,3946,7987,697
TOTAL LIABILITIES AND EQUITY:14,67015,93817,44716,741

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Revenues11,34113,40311,6529,318
Revenue, net11,6529,318
Cost of revenue(2,120)  (8,770)
Cost of goods and services sold(2,120)   
Gross profit:9,22113,40311,652548
Operating expenses(556)(806)(625)(710)
Operating income (loss):8,66512,59711,027(162)
Nonoperating income (expense)(150)(64)5889
Foreign currency transaction gain (loss), before tax(8)57(8)(8)
Other nonoperating income1810212
Interest and debt expense(121)(122)(104)(243)
Income (loss) from continuing operations before equity method investments, income taxes:8,39412,41110,981(316)
Other undisclosed income (loss) from continuing operations before income taxes(8,162)(10,814)(9,822)154
Income (loss) from continuing operations before income taxes:2321,5971,159(162)
Income tax expense(518)(726)(600)(184)
Net income (loss):(286)871559(346)
Net loss attributable to noncontrolling interest(493)(644)(342)(54)
Net income (loss) available to common stockholders, diluted:(779)227217(400)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(286)871559(346)
Other comprehensive income (loss)(194)369(1,252)(229)
Comprehensive income (loss):(480)1,240(693)(575)
Comprehensive loss, net of tax, attributable to noncontrolling interest(419)(644)(342)(54)
Other undisclosed comprehensive income, net of tax, attributable to parent   54
Comprehensive income (loss), net of tax, attributable to parent:(899)596(1,035)(575)

Statements sources

The financial statements are based on the company's filings with the 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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