Novelis Inc (NVL) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
3550 PEACHTREE ROAD ATLANTA, GA 30326 |
| State of Incorp. | ON |
| Fiscal Year End | March 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 | 3/31/2023 | 12/31/2022 MRQ | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,498 | 1,126 | 1,070 | 998 | 2,392 | 950 | |||
| Cash and cash equivalents | 1,498 | 1,126 | 1,070 | 998 | 2,392 | 950 | |||
| Restricted cash and investments | 14 | ||||||||
| Receivables | 1,907 | 161 | 2,812 | 1,853 | 1,231 | 1,581 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,729 | 3,048 | 3,038 | 1,928 | 1,409 | 1,460 | |||
| Inventory | 2,729 | 3,048 | 3,038 | 1,928 | 1,409 | 1,460 | |||
| Derivative instruments and hedges, assets | 145 | 236 | 377 | 137 | 202 | 70 | |||
| Disposal group, including discontinued operation | 6 | 15 | 3 | ||||||
| Asset, held-for-sale, not part of disposal group | 3 | 3 | 5 | 5 | 5 | ||||
| Other undisclosed current assets | 178 | 2,082 | 195 | 184 | 145 | 121 | |||
| Total current assets: | 6,460 | 6,656 | 7,503 | 5,134 | 5,384 | 4,185 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 3 | ✕ | |||||||
| Operating lease, right-of-use asset | 95 | ✕ | |||||||
| Property, plant and equipment | 4,900 | 4,658 | 4,624 | 4,687 | 3,580 | 3,385 | |||
| Long-term investments and receivables | 880 | 848 | 833 | 839 | 760 | 792 | |||
| Due from related parties | 3 | 2 | 1 | 1 | |||||
| Long-term investments | 877 | 846 | 832 | 838 | 760 | 792 | |||
| Intangible assets, net (including goodwill) | 1,665 | 1,663 | 1,704 | 1,779 | 906 | 958 | |||
| Goodwill | 1,076 | 1,075 | 1,081 | 1,083 | 607 | 607 | |||
| Intangible assets, net (excluding goodwill) | 589 | 588 | 623 | 696 | 299 | 351 | |||
| Derivative instruments and hedges | 2 | ||||||||
| Restricted cash and investments | 10 | 10 | |||||||
| Deferred income tax assets | 166 | 140 | 158 | 130 | 140 | ✕ | |||
| Other noncurrent assets | 293 | 285 | 274 | 316 | 219 | 101 | |||
| Other undisclosed noncurrent assets | (108) | 130 | |||||||
| Total noncurrent assets: | 7,904 | 7,594 | 7,593 | 7,751 | 5,605 | 5,378 | |||
| TOTAL ASSETS: | 14,364 | 14,250 | 15,096 | 12,885 | 10,989 | 9,563 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,733 | 3,462 | 5,004 | 2,801 | 1,973 | 2,602 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 43 | 48 | 50 | |||
| Taxes payable | ✕ | ✕ | ✕ | 67 | |||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 251 | 255 | 191 | |||
| Accounts payable | 3,100 | 2,725 | 3,869 | 2,498 | 1,732 | 1,986 | |||
| Accrued liabilities | 633 | 737 | 774 | 616 | |||||
| Debt | 759 | 980 | 555 | 307 | 195 | 58 | |||
| Derivative instruments and hedges, liabilities | 130 | 164 | 959 | 280 | 214 | 87 | |||
| Accrued environmental loss contingencies | |||||||||
| Disposal group, including discontinued operation | 21 | 16 | |||||||
| Due to related parties | 277 | 294 | 320 | 230 | 176 | 175 | |||
| Other liabilities | 297 | 305 | |||||||
| Other undisclosed current liabilities | (361) | 70 | 67 | ||||||
| Total current liabilities: | 4,899 | 4,900 | 6,498 | 4,001 | 2,930 | 2,922 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 4,881 | 4,875 | 4,967 | 5,653 | 5,345 | 4,328 | |||
| Finance lease, liability | 14 | 23 | 16 | 1 | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | 4,867 | 4,875 | 4,886 | 5,574 | 5,274 | 4,328 | |||
| Liabilities, other than long-term debt | 930 | 1,224 | 974 | 1,188 | 1,174 | 1,247 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 223 | ||
| Deferred income tax liabilities | 295 | ✕ | |||||||
| Liability, pension and other postretirement and postemployment benefits | 554 | 640 | 669 | 878 | 930 | 844 | |||
| Other liabilities | 288 | 289 | 295 | 305 | 229 | 180 | |||
| Operating lease, liability | 82 | 58 | 63 | 70 | ✕ | ||||
| Derivative instruments and hedges, liabilities | 6 | 10 | 5 | 15 | |||||
| Other undisclosed noncurrent liabilities | 200 | 148 | 157 | 179 | |||||
| Total noncurrent liabilities: | 6,011 | 6,099 | 6,089 | 6,998 | 6,698 | 5,575 | |||
| Total liabilities: | 10,910 | 10,999 | 12,587 | 10,999 | 9,628 | 8,497 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,442 | 3,245 | 2,502 | 1,902 | 1,412 | 1,101 | |||
| Additional paid in capital | 1,208 | 1,208 | 1,304 | 1,404 | 1,404 | 1,404 | |||
| Accumulated other comprehensive loss | (238) | (279) | (620) | (366) | (620) | (506) | |||
| Retained earnings | 2,472 | 2,316 | 1,818 | 864 | 628 | 203 | |||
| Equity, attributable to noncontrolling interest | 12 | 6 | 7 | (16) | (51) | (35) | |||
| Total equity: | 3,454 | 3,251 | 2,509 | 1,886 | 1,361 | 1,066 | |||
| TOTAL LIABILITIES AND EQUITY: | 14,364 | 14,250 | 15,096 | 12,885 | 10,989 | 9,563 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 18,486 | 5,444 | 17,149 | 12,276 | 11,217 | 12,326 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 12,326 | |
| Cost of revenue | (16,809) | (12,891) | (14,955) | (10,794) | (9,844) | (11,017) | ||
| Cost of goods and services sold | (15,996) | (12,199) | (14,354) | (9,980) | (9,231) | |||
| Gross profit: | 1,677 | 1,198 | 2,194 | 1,482 | 1,373 | 1,309 | ||
| Operating expenses | (871) | (549) | (895) | (786) | (775) | (673) | ||
| Other operating income (expense), net | (10) | (18) | (18) | (2) | ||||
| Other nonrecurring (income) expense | (10) | (18) | (18) | |||||
| Operating income: | 796 | 631 | 1,281 | 696 | 596 | 636 | ||
| Nonoperating income (expense) | (100) | (67) | 60 | (106) | 19 | (44) | ||
| Gain (loss), foreign currency transaction, before tax | (21) | (1) | (3) | 3 | ||||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 34 | |||||||
| Other nonoperating income (expense) | (79) | (67) | 61 | (103) | (18) | (44) | ||
| Interest and debt expense | (274) | (198) | (291) | (281) | (319) | (268) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 368 | 241 | 304 | 309 | ||||
| Income from continuing operations before equity method investments, income taxes: | 790 | 366 | 1,291 | 309 | 600 | 633 | ||
| Income (loss) from equity method investments | 16 | 14 | 8 | 1 | (2) | 3 | ||
| Other undisclosed income from continuing operations before income taxes | 269 | 386 | ||||||
| Income from continuing operations before income taxes: | 806 | 649 | 1,299 | 696 | 598 | 636 | ||
| Income tax expense (benefit) | (147) | (146) | (281) | (238) | (178) | (202) | ||
| Income from continuing operations: | 659 | 503 | 1,018 | 458 | 420 | 434 | ||
| Income before gain (loss) on sale of properties: | ✕ | 490 | 955 | 679 | 420 | 434 | ||
| Income (loss) from discontinued operations | (2) | (1) | (63) | 221 | ||||
| Other undisclosed net loss | (1) | (442) | ||||||
| Net income: | 657 | 501 | 955 | 237 | 420 | 434 | ||
| Net income (loss) attributable to noncontrolling interest | 1 | 1 | (1) | (1) | ||||
| Other undisclosed net income attributable to parent | ||||||||
| Net income available to common stockholders, diluted: | 658 | 502 | 954 | 236 | 420 | 434 | ||
Comprehensive Income ($ in millions)
| 6/30/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 657 | 501 | 955 | 237 | 420 | 434 | ||
| Other comprehensive income (loss) | 388 | 341 | (232) | 288 | (130) | (229) | ||
| Other undisclosed comprehensive income | 2 | |||||||
| Comprehensive income: | 1,045 | 842 | 723 | 525 | 290 | 207 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (5) | 1 | (23) | (35) | 16 | (2) | ||
| Comprehensive income, net of tax, attributable to parent: | 1,040 | 843 | 700 | 490 | 306 | 205 | ||
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.