Alcoa Corporation (AA) financial statements (2022 and earlier)

Company profile

Business Address 201 ISABELLA STREET
PITTSBURGH, PA 15212
State of Incorp. DE
Fiscal Year End December 31
SIC 3334 - Primary Production of Aluminum (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6078791,1131,358853
Cash and cash equivalents1,6078791,1131,358853
Receivables5566601,0031,043834
Inventory, net of allowances, customer advances and progress billings1,3981,6441,6441,4531,160
Inventory1,3981,6441,6441,4531,160
Derivative instruments and hedges, assets215973113 
Disposal group, including discontinued operation648    
Other undisclosed current assets290288301271334
Total current assets:4,5203,5304,1344,2383,181
Noncurrent Assets
Operating lease, right-of-use asset 154✕✕✕
Property, plant and equipment7,1907,9168,3279,1389,325
Long-term investments and receivables1,0511,1131,3601,4101,358
Long-term investments1,0511,1131,3601,4101,358
Intangible assets, net (including goodwill) 52 989290
Goodwill   989155
Intangible assets, net (excluding goodwill) 52  135
Derivative instruments and hedges 1882128468
Deferred income tax assets655 ✕✕✕
Other noncurrent assets1,4441,4121,4751,7191,668
Other undisclosed noncurrent assets 436560(175)451
Total noncurrent assets:10,34011,10111,80413,20913,560
TOTAL ASSETS:14,86014,63115,93817,44716,741
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8892,0012,4892,6392,058
Accounts payable1,4031,4841,6631,8981,455
Employee-related liabilities395413400459456
Taxes payable91104426282147
Debt2111621
Derivative instruments and hedges, liabilities1036782185 
Disposal group, including discontinued operation242    
Other liabilities525494347412742
Total current liabilities:2,7612,5632,9193,2522,821
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,4631,7991,8011,3881,424
Long-term debt, excluding current maturities2,4631,7991,8011,3881,424
Operating lease, liability82100✕✕✕
Other undisclosed long-term debt and lease obligation(82)(100)   
Liabilities, other than long-term debt4,1504,0653,7095,9254,326
Deferred revenue and credits✕✕✕6876
Accounts payable and accrued liabilities209276301309310
Deferred revenue4552✕✕✕
Asset retirement obligations625606529617229
Liability, pension and other postretirement and postemployment benefits2,2362,2542,2753,4413,017
Accrued environmental loss contingencies293296236258264
Estimated litigation liability    74
Business combination, contingent consideration, liability  107127122
Derivative instruments and hedges, liabilities7425812611,105234
Other undisclosed noncurrent liabilities47031811584473
Total noncurrent liabilities:7,0836,1825,6257,3976,223
Total liabilities:9,8448,7458,54410,6499,044
Stockholders' equity
Stockholders' equity attributable to parent3,3114,1125,3894,5235,654
Common stock22222
Additional paid in capital9,6639,6399,6119,5909,531
Accumulated other comprehensive loss(5,629)(4,974)(4,565)(5,182)(3,775)
Retained earnings (accumulated deficit)(725)(555)341113(104)
Stockholders' equity attributable to noncontrolling interest1,7051,7742,0052,2752,043
Total stockholders' equity:5,0165,8867,3946,7987,697
TOTAL LIABILITIES AND EQUITY:14,86014,63115,93817,44716,741

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues9,28610,43313,40311,6529,318
Revenue, net✕✕✕11,6529,318
Cost of revenue(7,969)(8,537)  (8,770)
Cost of goods and services sold(7,969)(8,537)   
Gross profit:1,3171,89613,40311,652548
Operating expenses(288)(1,150)(806)(625)(710)
Operating income (loss):1,02974612,59711,027(162)
Nonoperating income (expense)(8)(162)(64)5889
Foreign currency transaction gain (loss), before tax(20)(16)57(8)(8)
Other nonoperating income41610212
Interest and debt expense(146)(121)(122)(104)(243)
Income (loss) from continuing operations before equity method investments, income taxes:87546312,41110,981(316)
Other undisclosed income (loss) from continuing operations before income taxes(702)(901)(10,814)(9,822)154
Income (loss) from continuing operations before income taxes:173(438)1,5971,159(162)
Income tax expense(187)(415)(726)(600)(184)
Net income (loss):(14)(853)871559(346)
Net loss attributable to noncontrolling interest(156)(272)(644)(342)(54)
Net income (loss) available to common stockholders, diluted:(170)(1,125)227217(400)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(14)(853)871559(346)
Other comprehensive income (loss)(697)(454)369(1,252)(229)
Comprehensive income (loss):(711)(1,307)1,240(693)(575)
Comprehensive loss, net of tax, attributable to noncontrolling interest(114)(227)(644)(342)(54)
Other undisclosed comprehensive income, net of tax, attributable to parent    54
Comprehensive income (loss), net of tax, attributable to parent:(825)(1,534)596(1,035)(575)

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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