Novelis Inc (NVL) financial statements (2020 and earlier)

Company profile

Business Address 3560 LENOX ROAD
ATLANTA, GA 30326
State of Incorp. ON
Fiscal Year End March 31
SIC 335 - Rolling, Drawing, And Extruding Of Nonferrous (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,031950920594556628509
Cash and cash equivalents1,031950920594556628509
Receivables1611,5811,5951,1271,0151,3422,681
Inventory, net of allowances, customer advances and progress billings1,4941,4601,5601,3331,1801,4311,173
Inventory1,4941,4601,5601,3331,1801,4311,173
Derivative instruments and hedges, assets5170159113887751
Disposal group, including discontinued operation535356 
Assets held-for-sale102
Other undisclosed current assets1,372121125111127191(1,043)
Total current assets:4,1144,1854,3643,2812,9713,6753,473
Noncurrent Assets
Property, plant and equipment3,5243,3853,1103,3573,5063,5423,513
Long-term investments and receivables794792852466504462624
Long-term investments794792849451488447612
Due from related parties  315161512
Intangible assets, net (including goodwill)9189581,0171,0641,1301,1911,251
Goodwill607607607607607607611
Intangible assets, net (excluding goodwill)311351410457523584640
Derivative instruments and hedges22226 4
Restricted cash and investments1110     
Other noncurrent assets2151019794112137173
Assets held-for-sale, long lived76
Other undisclosed noncurrent assets12813061808195 
Total noncurrent assets:5,5925,3785,1395,0635,3395,4275,641
TOTAL ASSETS:9,7069,5639,5038,3448,3109,1029,114
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2852,6022,6422,2762,0752,6762,178
Accounts payable1,7441,9862,0511,7221,5061,8541,418
Accrued liabilities541616591554569572547
Employee-related liabilities     172182
Taxes payable     1131
Interest and dividends payable     67 
Debt7058170415626954815
Derivative instruments and hedges, liabilities59871061518514960
Restructuring reserve26     
Due to related parties 175205514844 
Deferred tax liabilities    2016
Other undisclosed current liabilities174    (250)101
Total current liabilities:2,6142,9223,1232,8932,8343,5933,170
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,3554,3284,3364,4374,4514,3494,359
Other undisclosed long-term debt and lease obligation4,3554,3284,3364,4374,4514,3494,359
Liabilities, other than long-term debt1,0761,2471,2211,0911,0841,2761,360
Pension and other postretirement defined benefit plans, liabilities621
Deferred tax liabilities, net2231649489261425
Liability, pension and other postretirement and postemployment benefits821844825799820748
Accrued environmental loss contingencies8    2224
Other liabilities240180232198175221271
Derivative instruments and hedges, liabilities7    2419
Other undisclosed noncurrent liabilities237    (46)(43)
Total noncurrent liabilities:5,6685,5755,5575,5285,5355,5795,676
Total liabilities:8,2828,4978,6808,4218,3699,1728,846
Stockholders' equity
Stockholders' equity attributable to parent1,4551,101860(59)(59)(82)240
Additional paid in capital1,4041,4041,4041,4041,4041,4041,404
Accumulated other comprehensive loss(509)(506)(261)(545)(500)(561)(91)
Retained earnings (accumulated deficit)560203(283)(918)(963)(925)(1,073)
Stockholders' equity attributable to noncontrolling interest(31)(35)(37)(18) 1228
Total stockholders' equity:1,4241,066823(77)(59)(70)268
TOTAL LIABILITIES AND EQUITY:9,7069,5639,5038,3448,3109,1029,114

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues11,57512,32611,4629,5919,87211,1479,767
Revenue, net3,08412,32611,4629,5919,87211,1479,767
Cost of revenue(10,191)(11,017)(10,273)(8,835)(9,262)(10,403)(8,964)
Cost of goods and services sold(2,414)      
Gross profit:1,3841,3091,189756610744803
Operating expenses(719)(673)(334)(559)(602)(582)(688)
Other undisclosed operating loss(344)      
Operating income:3216368551978162115
Nonoperating income (expense)(42)(44)(7)(97)70(39)41
Foreign currency transaction gain (loss), before tax(1) 2(2)2(22) 
Other nonoperating income (expense)(41)(44)(9)(95)68(17)41
Interest and debt expense(252)(268)(255)(428)(340)(326)(304)
Other undisclosed income from continuing operations before equity method investments, income taxes520309263533273370275
Income from continuing operations before equity method investments, income taxes:54763385620511167127
Income (loss) from equity method investments 3(1)(8)(3)(5)(12)
Other undisclosed income from continuing operations before income taxes118      
Income from continuing operations before income taxes:6656368551978162115
Income tax expense(205)(202)(233)(151)(46)(14)(11)
Net income (loss):46043462246(38)148104
Net income (loss) attributable to noncontrolling interest  13(1)   
Net income (loss) available to common stockholders, diluted:46043463545(38)148104

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):46043462246(38)148104
Other comprehensive income (loss)(118)(229)284(45)61(470) 
Other undisclosed comprehensive income (loss)22(6)3(11)(15)175
Comprehensive income (loss):344207900412(337)279
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)(2)19(4)11(15)(2)
Other undisclosed comprehensive income, net of tax, attributable to parent     304
Comprehensive income (loss), net of tax, attributable to parent:340205919 23(322)281

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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