Noranda Aluminum Holding Corp (NORN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
801 CRESCENT DRIVE FRANKLIN, TN 37067 |
| 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)
| 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 21 | 79 | 36 | |||
| Cash and cash equivalents | 21 | 79 | 36 | |||
| Restricted cash and investments | 0 | |||||
| Receivables | 105 | 87 | 107 | |||
| Inventory, net of allowances, customer advances and progress billings | 197 | 179 | 196 | |||
| Inventory | 197 | 179 | 196 | |||
| Prepaid expense | 13 | 5 | ✕ | |||
| Derivative instruments and hedges, assets | 6 | 5 | 3 | |||
| Other current assets | 27 | 12 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 28 | ||
| Income taxes receivable | ✕ | ✕ | 3 | 2 | ||
| Other undisclosed current assets | (21) | (5) | (3) | |||
| Total current assets: | 347 | 364 | 368 | |||
| Noncurrent Assets | ||||||
| Inventory, Noncurrent | 5 | 8 | 13 | |||
| Property, plant and equipment | 695 | 677 | 695 | |||
| Intangible assets, net (including goodwill) | 187 | 193 | 199 | |||
| Goodwill | 138 | 138 | 138 | |||
| Intangible assets, net (excluding goodwill) | 49 | 55 | 61 | |||
| Derivative instruments and hedges | 0 | 0 | 0 | |||
| Restricted cash and investments | 14 | 13 | 13 | |||
| Deferred costs | 6 | 8 | 9 | |||
| Other noncurrent assets | 89 | 88 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 96 | ||
| Defined benefit plan, assets for plan benefits | 7 | 6 | 10 | |||
| Other undisclosed noncurrent assets | (32) | (34) | (45) | |||
| Total noncurrent assets: | 971 | 958 | 989 | |||
| TOTAL ASSETS: | 1,318 | 1,322 | 1,358 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 202 | 174 | 183 | |||
| Interest and dividends payable | 2 | |||||
| Employee-related liabilities | 18 | 24 | 17 | |||
| Accounts payable | 123 | 89 | 107 | |||
| Accrued liabilities | 59 | 61 | 59 | |||
| Debt | 12 | 5 | 3 | |||
| Derivative instruments and hedges, liabilities | 5 | 4 | 2 | |||
| Accrued environmental loss contingencies | 2 | 2 | 2 | |||
| Asset retirement obligation | 2 | 2 | 2 | |||
| Accrued reclamation costs | 2 | 1 | 3 | |||
| Deferred tax liabilities | 12 | 2 | 17 | |||
| Other undisclosed current liabilities | (31) | (29) | (24) | |||
| Total current liabilities: | 205 | 161 | 188 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 656 | 654 | 592 | |||
| Long-term debt, excluding current maturities | 656 | 654 | 592 | |||
| Liabilities, other than long-term debt | 415 | 376 | 441 | |||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | 116 | 187 | ||
| Accounts payable and accrued liabilities | 15 | |||||
| Asset retirement obligations | 14 | 14 | 13 | |||
| Deferred tax liabilities, net | 143 | 194 | 184 | |||
| Liability for uncertainty in income taxes | 1 | 1 | 1 | |||
| Liability, pension and other postretirement and postemployment benefits | 195 | ✕ | ✕ | |||
| Accrued environmental loss contingencies | 1 | 1 | 1 | |||
| Financial instruments subject to mandatory redemption, settlement terms, share value, amount | 2 | |||||
| Other liabilities | 46 | 50 | 52 | |||
| Derivative instruments and hedges, liabilities | 0 | 0 | ||||
| Other undisclosed noncurrent liabilities | (31) | (16) | (15) | |||
| Total noncurrent liabilities: | 1,041 | 1,014 | 1,018 | |||
| Total liabilities: | 1,246 | 1,175 | 1,205 | |||
| Equity | ||||||
| Equity, attributable to parent | 66 | 141 | 146 | |||
| Common stock | 1 | 1 | 1 | |||
| Additional paid in capital | 244 | 240 | 233 | |||
| Accumulated other comprehensive loss | (110) | (60) | (106) | |||
| Retained earnings (accumulated deficit) | (68) | (39) | 18 | |||
| Equity, attributable to noncontrolling interest | 6 | 6 | 6 | |||
| Total equity: | 72 | 147 | 152 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,318 | 1,322 | 1,358 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 1,355 | 1,344 | 1,395 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,262) | (1,272) | (1,278) | ||
| Gross profit: | 93 | 72 | 117 | ||
| Operating expenses | (1,338) | (1,369) | (1,360) | ||
| Other undisclosed operating income | 1,262 | 1,272 | 1,278 | ||
| Operating income (loss): | 17 | (26) | 35 | ||
| Nonoperating income (expense) | (46) | (52) | 40 | ||
| Investment income, nonoperating | 5 | (2) | 81 | ||
| Interest and debt expense | (50) | (3) | (8) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 50 | 3 | 8 | ||
| Income (loss) from continuing operations before income taxes: | (29) | (78) | 75 | ||
| Income tax expense (benefit) | 2 | 30 | (25) | ||
| Income (loss) from continuing operations: | (27) | (48) | 50 | ||
| Income (loss) before gain (loss) on sale of properties: | (27) | (48) | 50 | ||
| Net income (loss) available to common stockholders, diluted: | (27) | (48) | 50 | ||
Comprehensive Income ($ in millions)
| 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income (loss): | (27) | (48) | 50 | ||
| Other comprehensive income (loss) | 50 | (45) | (63) | ||
| Comprehensive income (loss): | 23 | (93) | (14) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (99) | 91 | |||
| Comprehensive loss, net of tax, attributable to parent: | (76) | (2) | (14) | ||
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.