Alcoa Corporation (AA) Financial Statements (2023 and Earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8141,6078791,1131,358853
Cash and cash equivalents1,8141,6078791,1131,358853
Restricted cash and investments4     
Receivables8845566601,0031,043834
Inventory, net of allowances, customer advances and progress billings1,9561,3981,6441,6441,4531,160
Inventory1,9561,3981,6441,6441,4531,160
Derivative instruments and hedges, assets14215973113 
Disposal group, including discontinued operation 648    
Other undisclosed current assets354290288301271334
Total current assets:5,0264,5203,5304,1344,2383,181
Noncurrent Assets
Operating lease, right-of-use asset  154✕✕✕
Property, plant and equipment6,6237,1907,9168,3279,1389,325
Long-term investments and receivables1,1991,0511,1131,3601,4101,358
Long-term investments1,1991,0511,1131,3601,4101,358
Intangible assets, net (including goodwill)  52 989290
Goodwill    989155
Intangible assets, net (excluding goodwill)  52  135
Derivative instruments and hedges7 1882128468
Deferred income tax assets506655 ✕✕✕
Other noncurrent assets1,6641,4441,4121,4751,7191,668
Other undisclosed noncurrent assets  436560(175)451
Total noncurrent assets:9,99910,34011,10111,80413,20913,560
TOTAL ASSETS:15,02514,86014,63115,93817,44716,741
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,4311,8892,0012,4892,6392,058
Accounts payable1,6741,4031,4841,6631,8981,455
Employee-related liabilities383395413400459456
Taxes payable37491104426282147
Debt12111621
Derivative instruments and hedges, liabilities2741036782185 
Disposal group, including discontinued operation 242    
Other liabilities517525494347412742
Total current liabilities:3,2232,7612,5632,9193,2522,821
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,7262,4631,7991,8011,3881,424
Long-term debt, excluding current maturities1,7262,4631,7991,8011,3881,424
Operating lease, liability6482100✕✕✕
Other undisclosed long-term debt and lease obligation(64)(82)(100)   
Liabilities, other than long-term debt3,2734,1504,0653,7095,9254,326
Deferred revenue and credits✕✕✕✕6876
Accounts payable and accrued liabilities191209276301309310
Deferred revenue364552✕✕✕
Asset retirement obligations622625606529617229
Liability, pension and other postretirement and postemployment benefits1,0672,2362,2542,2753,4413,017
Accrued environmental loss contingencies265293296236258264
Estimated litigation liability     74
Restructuring reserve44     
Business combination, contingent consideration, liability   107127122
Derivative instruments and hedges, liabilities1,0487425812611,105234
Other undisclosed noncurrent liabilities51947031811584473
Total noncurrent liabilities:5,5187,0836,1825,6257,3976,223
Total liabilities:8,7419,8448,7458,54410,6499,044
Stockholders' equity
Stockholders' equity attributable to parent4,6723,3114,1125,3894,5235,654
Common stock222222
Additional paid in capital9,5779,6639,6399,6119,5909,531
Accumulated other comprehensive loss(4,592)(5,629)(4,974)(4,565)(5,182)(3,775)
Retained earnings (accumulated deficit)(315)(725)(555)341113(104)
Stockholders' equity attributable to noncontrolling interest1,6121,7051,7742,0052,2752,043
Total stockholders' equity:6,2845,0165,8867,3946,7987,697
TOTAL LIABILITIES AND EQUITY:15,02514,86014,63115,93817,44716,741

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues12,1529,28610,43313,40311,6529,318
Revenue, net✕✕✕✕11,6529,318
Cost of revenue(9,153)(7,969)(8,537)  (8,770)
Cost of goods and services sold(9,153)(7,969)(8,537)   
Gross profit:2,9991,3171,89613,40311,652548
Operating expenses(431)(288)(1,150)(806)(625)(710)
Operating income (loss):2,5681,02974612,59711,027(162)
Nonoperating income (expense)445(8)(162)(64)5889
Foreign currency transaction gain (loss), before tax(3)(20)(16)57(8)(8)
Other nonoperating income1141610212
Interest and debt expense(195)(146)(121)(122)(104)(243)
Income (loss) from continuing operations before equity method investments, income taxes:2,81887546312,41110,981(316)
Other undisclosed income (loss) from continuing operations before income taxes(1,619)(702)(901)(10,814)(9,822)154
Income (loss) from continuing operations before income taxes:1,199173(438)1,5971,159(162)
Income tax expense(629)(187)(415)(726)(600)(184)
Net income (loss):570(14)(853)871559(346)
Net loss attributable to noncontrolling interest(141)(156)(272)(644)(342)(54)
Net income (loss) available to common stockholders, diluted:429(170)(1,125)227217(400)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):570(14)(853)871559(346)
Other comprehensive income (loss)998(697)(454)369(1,252)(229)
Comprehensive income (loss):1,568(711)(1,307)1,240(693)(575)
Comprehensive loss, net of tax, attributable to noncontrolling interest(102)(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:1,466(825)(1,534)596(1,035)(575)

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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