Arconic Corporation (ARNC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
201 ISABELLA STREET PITTSBURGH, PA 15212-5872 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 335 - Rolling, Drawing, And Extruding Of Nonferrous (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 261 | 335 | 787 | |||
| Cash and cash equivalents | 261 | 335 | 787 | |||
| Receivables | 974 | 1,148 | 759 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,622 | 1,630 | 1,043 | |||
| Inventory | 1,622 | 1,630 | 1,043 | |||
| Derivative instruments and hedges, assets | 21 | |||||
| Other undisclosed current assets | 124 | 55 | 53 | |||
| Total current assets: | 3,002 | 3,168 | 2,642 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 115 | 122 | 144 | |||
| Property, plant and equipment | 2,361 | 2,651 | 2,712 | |||
| Intangible assets, net (including goodwill) | 292 | 322 | 390 | |||
| Goodwill | 292 | 322 | 390 | |||
| Deferred income tax assets | 188 | 229 | 329 | |||
| Other noncurrent assets | 57 | 88 | 97 | |||
| Total noncurrent assets: | 3,013 | 3,412 | 3,672 | |||
| TOTAL ASSETS: | 6,015 | 6,580 | 6,314 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 1,740 | 1,895 | 1,257 | |||
| Taxes payable | ✕ | ✕ | 61 | 33 | ||
| Employee-related liabilities | ✕ | ✕ | 116 | 118 | ||
| Accounts payable | 1,578 | 1,718 | 1,106 | |||
| Accrued liabilities | 162 | |||||
| Derivative instruments and hedges, liabilities | 7 | |||||
| Accrued environmental loss contingencies | 40 | 15 | 90 | |||
| Other liabilities | 150 | 118 | 90 | |||
| Other undisclosed current liabilities | 34 | 35 | 36 | |||
| Total current liabilities: | 1,971 | 2,063 | 1,473 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 1,597 | 1,684 | 1,389 | |||
| Long-term debt, excluding current maturities | 1,597 | 1,594 | 1,278 | |||
| Liabilities, other than long-term debt | 1,090 | 1,274 | 2,005 | |||
| Deferred income tax liabilities | 3 | 12 | 15 | |||
| Liability, pension and other postretirement and postemployment benefits | 888 | 1,128 | 1,822 | |||
| Accrued environmental loss contingencies | 45 | 49 | 66 | |||
| Other liabilities | 71 | 85 | 102 | |||
| Operating lease, liability | 83 | 90 | 111 | |||
| Total noncurrent liabilities: | 2,687 | 2,958 | 3,394 | |||
| Total liabilities: | 4,658 | 5,021 | 4,867 | |||
| Equity | ||||||
| Equity, attributable to parent | 1,357 | 1,545 | 1,433 | |||
| Common stock | 1 | 1 | 1 | |||
| Treasury stock, value | (346) | (161) | ||||
| Additional paid in capital | 3,373 | 3,368 | 3,348 | |||
| Accumulated other comprehensive loss | (937) | (1,111) | (1,761) | |||
| Accumulated deficit | (734) | (552) | (155) | |||
| Equity, attributable to noncontrolling interest | 14 | 14 | ||||
| Total equity: | 1,357 | 1,559 | 1,447 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,015 | 6,580 | 6,314 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Revenues | 8,961 | 7,504 | 5,675 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (8,032) | (6,573) | (4,862) | ||
| Gross profit: | 929 | 931 | 813 | ||
| Operating expenses | (659) | (1,152) | (759) | ||
| Other operating income (expense), net | (36) | (55) | |||
| Other undisclosed operating income (loss) | (317) | (35) | 81 | ||
| Operating income (loss): | (47) | (292) | 80 | ||
| Nonoperating expense | (41) | (67) | (70) | ||
| Gain (loss), foreign currency transaction, before tax | 26 | (5) | (11) | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (75) | (60) | (78) | ||
| Other nonoperating income (expense) | 6 | (3) | 15 | ||
| Interest and debt expense | (104) | (100) | (118) | ||
| Loss from continuing operations before income taxes: | (192) | (459) | (108) | ||
| Income tax expense (benefit) | 11 | 62 | (1) | ||
| Loss from continuing operations: | (181) | (397) | (109) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (397) | (109) | ||
| Net loss: | (181) | (397) | (109) | ||
| Net loss attributable to noncontrolling interest | (1) | ||||
| Net loss available to common stockholders, diluted: | (182) | (397) | (109) | ||
Comprehensive Income ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Net loss: | (181) | (397) | (109) | ||
| Other comprehensive income | 174 | 650 | 146 | ||
| Comprehensive income (loss): | (7) | 253 | 37 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (8) | 253 | 37 | ||
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.