Novelis Inc (NVL) Financial Statements (2024 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)

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0411,4981,1261,1451,037 
Cash and cash equivalents1,0411,4981,1261,1451,037 
Receivables  1,751161200234 
Inventory, net of allowances, customer advances and progress billings2,8762,7293,0483,3333,456 
Inventory2,8762,7293,0483,3333,456 
Derivative instruments and hedges, assets336145236536621 
Disposal group, including discontinued operation    66 
Asset, held-for-sale, not part of disposal group33355 
Other undisclosed current assets2,2943342,0822,4002,783 
Total current assets:6,5506,4606,6567,6258,142 
Noncurrent Assets
Property, plant and equipment5,0504,9004,6584,4254,477 
Long-term investments and receivables887877848746802 
Due from related parties221 
Long-term investments887877846744801 
Intangible assets, net (including goodwill)1,6561,6651,6631,6601,679 
Goodwill1,0741,0761,0751,0701,075 
Intangible assets, net (excluding goodwill)582589588590604 
Derivative instruments and hedges7     
Restricted cash and investments13     
Deferred income tax assets153166140145149 
Other noncurrent assets  293285295295 
Other undisclosed noncurrent assets2713    
Total noncurrent assets:8,0377,9047,5947,2717,402 
TOTAL ASSETS:14,58714,36414,25014,89615,544 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5623,7333,4624,0584,702 
Accounts payable  3,1002,7253,2423,843 
Accrued liabilities562633737816859 
Debt658759980921662 
Derivative instruments and hedges, liabilities133130164310266 
Accrued environmental loss contingencies2119    
Disposal group, including discontinued operation    1721 
Due to related parties294308345 
Other undisclosed current liabilities3,441258    
Total current liabilities:4,8154,8994,9005,6145,996 
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,8784,8814,8754,8504,894 
Finance lease, liability  14    
Other undisclosed long-term debt and lease obligation4,8784,8674,8754,8504,894 
Liabilities, other than long-term debt1,1799301,2241,2821,324 
Deferred income tax liabilities345 295353387 
Liability, pension and other postretirement and postemployment benefits547554640609631 
Other liabilities287288289320306 
Operating lease, liability  82    
Derivative instruments and hedges, liabilities  6    
Other undisclosed noncurrent liabilities  200    
Total noncurrent liabilities:6,0576,0116,0996,1326,218 
Total liabilities:10,87210,91010,99911,74612,214 
Equity
Equity, attributable to parent3,7033,4423,2453,1443,324 
Additional paid in capital1,2081,2081,2081,2081,304 
Accumulated other comprehensive loss(133)(238)(279)(368)(105) 
Retained earnings2,6282,4722,3162,3042,125 
Equity, attributable to noncontrolling interest1212666 
Total equity:3,7153,4543,2513,1503,330 
TOTAL LIABILITIES AND EQUITY:14,58714,36414,25014,89615,544 

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

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Revenues4,0916,1864,2014,7995,089(8,645)
Cost of revenue(3,682)(6,186)(4,009)(4,346)(4,536) 
Cost of goods and services sold(3,501)(5,846)(3,794)(4,140)(4,265) 
Gross profit:409 192453553 
Operating expenses(199)(271)(186)(204)(159) 
Other operating income (expense), net
(Other Nonrecurring (Income) Expense)
  8  (18) 
Operating income (loss):210(263)6249376 
Nonoperating income (expense)27(186)(7)(10)(50) 
Other nonoperating income (expense)27(165)(7)(10)(50) 
Interest and debt expense(77)(38)(75)(65)(58) 
Other undisclosed income from continuing operations before equity method investments, income taxes  368    
Income (loss) from continuing operations before equity method investments, income taxes:160(119)(76)174268 
Income from equity method investments38644 
Other undisclosed income (loss) from continuing operations before income taxes47(160)7671122 
Income (loss) from continuing operations before income taxes:210(271)6249394 
Income tax expense (benefit)(54)1296(65)(87) 
Income (loss) from continuing operations:156(142)12184307 
Income before gain (loss) on sale of properties:184306
Income (loss) from discontinued operations  60  (1) 
Other undisclosed net loss    (1)  
Net income (loss):156(82)12183306 
Net income attributable to noncontrolling interest     1 
Other undisclosed net income attributable to parent  1    
Net income (loss) available to common stockholders, diluted:156(81)12183307 

Comprehensive Income ($ in millions)

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Net income (loss):156(82)12183306 
Other comprehensive income (loss)10543789(263)515 
Comprehensive income (loss):261355101(80)821 
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (4)  1 
Comprehensive income (loss), net of tax, attributable to parent:261351101(80)822 

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.

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