Novelis Inc (NVL) financial statements (2022 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)

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments808659872 1,1641,627
Cash and cash equivalents808659872 1,1641,627
Restricted cash and investments    149
Receivables260222210 185163
Inventory, net of allowances, customer advances and progress billings2,9122,6232,380 1,7911,639
Inventory2,9122,6232,380 1,7911,639
Derivative instruments and hedges, assets217217174 14665
Disposal group, including discontinued operation61214 11256
Assets held-for-sale, not part of disposal group555 55
Other undisclosed current assets2,4022,3362,191 1,7271,472
Total current assets:6,6106,0745,846 5,0435,236
Noncurrent Assets
Property, plant and equipment4,6144,6284,677 4,7324,625
Long-term investments and receivables841832851 859814
Long-term investments840831850 858812
Due from related parties111 12
Intangible assets, net (including goodwill)1,7191,7381,761 1,7831,699
Goodwill1,0821,0831,084 1,0651,023
Intangible assets, net (excluding goodwill)637655677 718676
Derivative instruments and hedges     4
Restricted cash and investments     14
Disposal group, including discontinued operation, noncurrent assets     214
Deferred income tax assets125137142 185 
Other noncurrent assets280271310 358343
Other undisclosed noncurrent assets     163
Total noncurrent assets:7,5797,6067,741 7,9177,876
TOTAL ASSETS:14,18913,68013,587 12,96013,112
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8743,7383,526 2,7222,448
Accounts payable3,1473,0832,916 2,0971,832
Accrued liabilities727655610 625616
Debt713690900 210448
Derivative instruments and hedges, liabilities407582346 183153
Due to related parties356296295 252220
Disposal group, including discontinued operation211314 14144
Total current liabilities:5,3715,3195,081 3,3813,413
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,9844,9424,960 6,2956,767
Other undisclosed long-term debt and lease obligation4,9844,9424,960 6,2956,767
Liabilities, other than long-term debt1,3581,3371,402 1,5041,550
Deferred income tax liabilities223172230 152126
Liability, pension and other postretirement and postemployment benefits841852871 1,0561,023
Accrued environmental loss contingencies     22
Disposal group, including discontinued operation, liabilities     129
Other liabilities294313301 296244
Derivative instruments and hedges, liabilities     6
Other undisclosed noncurrent liabilities     (28)
Total noncurrent liabilities:6,3426,2796,362 7,7998,289
Total liabilities:11,71311,59811,443 11,18011,702
Stockholders' equity
Stockholders' equity attributable to parent2,4912,0982,160 1,8261,458
Additional paid in capital1,3041,3041,404 1,4041,404
Accumulated other comprehensive loss(416)(547)(348) (266)(458)
Retained earnings1,6031,3411,104 688512
Stockholders' equity attributable to noncontrolling interest(15)(16)(16) (46)(48)
Total stockholders' equity:2,4762,0822,144 1,7801,410
TOTAL LIABILITIES AND EQUITY:14,18913,68013,587 12,96013,112

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

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
Revenues4,3264,1193,855(8,645)3,2412,978
Cost of revenue(3,787)(3,558)(3,185) (2,795)(2,619)
Cost of goods and services sold(3,613)(3,400)(3,137) (2,578)(2,384)
Gross profit:539561670 446359
Operating expenses(191)(243)(259) (171)(147)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
  (18)   
Operating income:348318393 275212
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
22064 7(18)
Interest and debt expense(55)(124)(57) (66)(70)
Income from continuing operations before equity method investments, income taxes:295214400 216124
Income (loss) from equity method investments7 1 (3)1
Other undisclosed income from continuing operations before income taxes4610410 6287
Income from continuing operations before income taxes:348318411 275212
Income tax expense(89)(79)(108) (80)(68)
Income from continuing operations:259239303 195144
Income (loss) from discontinued operations3(2)  (18) 
Income before gain (loss) on sale of properties:262237303 177144
Other undisclosed net loss  (63)  (181)
Net income (loss):262237240 177(37)
Net loss attributable to noncontrolling interest    (1) 
Net income (loss) available to common stockholders, diluted:262237240 176(37)

Comprehensive Income ($ in millions)

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
Net income (loss):262237240 177(37)
Other comprehensive income (loss)132(199)18 193160
Comprehensive income:39438258 370123
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)   (2)(2)
Comprehensive income, net of tax, attributable to parent:39338258 368121

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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