Alcoa Corp (AA) Financial Statements (2025 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)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9441,3631,8141,6078791,113
Cash and cash equivalent9441,3631,8141,6078791,113
Restricted cash and investments32554   
Receivables8089098845566601,003
Inventory, net of allowances, customer advances and progress billings2,1582,4271,9561,3981,6441,644
Inventory2,1582,4271,9561,3981,6441,644
Derivative instruments and hedges, assets2913414215973
Disposal group, including discontinued operation    648  
Other undisclosed current assets434362354290288301
Total current assets:4,4055,2505,0264,5203,5304,134
Noncurrent Assets
Operating lease, right-of-use asset     154✕
Property, plant and equipment6,7856,4936,6237,1907,9168,327
Long-term investments and receivables9791,1221,1991,0511,1131,360
Long-term investments9791,1221,1991,0511,1131,360
Intangible assets, net (including goodwill)     52 
Intangible assets, net (excluding goodwill)     52 
Derivative instruments and hedges 327 1882
Deferred income tax assets333296506655 ✕
Other noncurrent assets1,6501,5931,6641,4441,4121,475
Other undisclosed noncurrent assets     436560
Total noncurrent assets:9,7509,5069,99910,34011,10111,804
TOTAL ASSETS:14,15514,75615,02514,86014,63115,938
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1592,3222,4311,8892,0012,489
Taxes payable✕✕✕37491104426
Employee-related liabilities✕✕✕383395413400
Accounts payable1,7141,7571,6741,4031,4841,663
Accrued liabilities445565    
Debt7911211
Derivative instruments and hedges, liabilities2142002741036782
Disposal group, including discontinued operation    242  
Other liabilities578481517525494347
Total current liabilities:3,0303,0043,2232,7612,5632,919
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,7321,8061,7262,4631,7991,801
Long-term debt, excluding current maturities1,7321,8061,7262,4631,7991,801
Other undisclosed long-term debt and lease obligation   (64)(82)(100) 
Liabilities, other than long-term debt3,1192,9613,2734,1504,0653,709
Accounts payable and accrued liabilities193215191209276301
Deferred revenue2028364552✕
Asset retirement obligations772711622625606529
Liability, pension and other postretirement and postemployment benefits7216931,0672,2362,2542,275
Accrued environmental loss contingencies202226265293296236
Restructuring reserve15344   
Operating lease, liability104596482100✕
Business combination, contingent consideration, liability      107
Derivative instruments and hedges, liabilities1,0921,0261,048742581261
Other undisclosed noncurrent liabilities429396519470318115
Total noncurrent liabilities:5,2805,1635,5187,0836,1825,625
Total liabilities:8,3108,1678,7419,8448,7458,544
Equity
Equity, attributable to parent4,2515,0764,6723,3114,1125,389
Common stock222222
Additional paid in capital9,1879,1839,5779,6639,6399,611
Accumulated other comprehensive loss(3,645)(3,539)(4,592)(5,629)(4,974)(4,565)
Retained earnings (accumulated deficit)(1,293)(570)(315)(725)(555)341
Equity, attributable to noncontrolling interest 1,5941,5131,6121,7051,7742,005
Total equity:5,8456,5896,2845,0165,8867,394
TOTAL LIABILITIES AND EQUITY:14,15514,75615,02514,86014,63115,938

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues10,55112,45112,1529,28610,43313,403
Cost of revenue
(Cost of Product and Service Sold)		(9,813)(10,212)(9,153)(7,969)(8,537) 
Gross profit:7382,2392,9991,3171,89613,403
Operating expenses(389)(388)(431)(288)(1,150)(806)
Operating income:3491,8512,5681,02974612,597
Nonoperating income (expense)(134)118445(8)(162)(64)
Gain (loss), foreign currency transaction, before tax64(9)(3)(20)(16)57
Other nonoperating income62501141610
Interest and debt expense (107)(106)(195)(146)(121)(122)
Income from continuing operations before equity method investments, income taxes:1081,8632,81887546312,411
Other undisclosed loss from continuing operations before income taxes(692)(1,161)(1,619)(702)(901)(10,814)
Income (loss) from continuing operations before income taxes:(584)7021,199173(438)1,597
Income tax expense(189)(664)(629)(187)(415)(726)
Income (loss) from continuing operations:(773)38570(14)(853)871
Income (loss) before gain (loss) on sale of properties:✕✕✕570(14)(853)871
Net income (loss):(773)38570(14)(853)871
Net income (loss) attributable to noncontrolling interest122(161)(141)(156)(272)(644)
Net income (loss) attributable to parent:(651)(123)429(170)(1,125)227
Undistributed earnings (loss) allocated to participating securities, basic      
Net income (loss) available to common stockholders, diluted:(651)(123)429(170)(1,125)227

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(773)38570(14)(853)871
Other comprehensive income (loss)(60)960998(697)(454)369
Comprehensive income (loss):(833)9981,568(711)(1,307)1,240
Comprehensive income (loss), net of tax, attributable to noncontrolling interest76(68)(102)(114)(227)(644)
Comprehensive income (loss), net of tax, attributable to parent:(757)9301,466(825)(1,534)596

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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