Alcoa Corporation (AA) financial statements (2020 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)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 841 | 1,113 | 1,358 | 853 | ||
| Cash and cash equivalents | 841 | 1,113 | 1,358 | 853 | ||
| Receivables | 824 | 1,003 | 1,043 | 834 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,649 | 1,644 | 1,453 | 1,160 | ||
| Inventory | 1,649 | 1,644 | 1,453 | 1,160 | ||
| Derivative instruments and hedges, assets | 84 | 73 | 113 | |||
| Other undisclosed current assets | 245 | 301 | 271 | 334 | ||
| Total current assets: | 3,643 | 4,134 | 4,238 | 3,181 | ||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 158 | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 7,929 | 8,327 | 9,138 | 9,325 | ||
| Long-term investments and receivables | 1,114 | 1,360 | 1,410 | 1,358 | ||
| Long-term investments | 1,114 | 1,360 | 1,410 | 1,358 | ||
| Intangible assets, net (including goodwill) | 989 | 290 | ||||
| Goodwill | 989 | 155 | ||||
| Intangible assets, net (excluding goodwill) | 135 | |||||
| Derivative instruments and hedges | 47 | 82 | 128 | 468 | ||
| Other noncurrent assets | 1,377 | 1,475 | 1,719 | 1,668 | ||
| Other undisclosed noncurrent assets | 402 | 560 | (175) | 451 | ||
| Total noncurrent assets: | 11,027 | 11,804 | 13,209 | 13,560 | ||
| TOTAL ASSETS: | 14,670 | 15,938 | 17,447 | 16,741 | ||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 1,903 | 2,489 | 2,639 | 2,058 | ||
| Accounts payable | 1,418 | 1,663 | 1,898 | 1,455 | ||
| Employee-related liabilities | 404 | 400 | 459 | 456 | ||
| Taxes payable | 81 | 426 | 282 | 147 | ||
| Debt | 1 | 1 | 16 | 21 | ||
| Derivative instruments and hedges, liabilities | 67 | 82 | 185 | |||
| Other liabilities | 484 | 347 | 412 | 742 | ||
| Total current liabilities: | 2,455 | 2,919 | 3,252 | 2,821 | ||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 1,805 | 1,801 | 1,388 | 1,424 | ||
| Long-term debt, excluding current maturities | 1,801 | 1,388 | 1,424 | |||
| Operating lease, liability | 96 | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 1,709 | |||||
| Liabilities, other than long-term debt | 3,681 | 3,709 | 5,925 | 4,326 | ||
| Deferred revenue and credits | ✕ | ✕ | 68 | 76 | ||
| Accounts payable and accrued liabilities | 299 | 301 | 309 | 310 | ||
| Asset retirement obligations | 491 | 529 | 617 | 229 | ||
| Liability, pension and other postretirement and postemployment benefits | 2,209 | 2,275 | 3,441 | 3,017 | ||
| Accrued environmental loss contingencies | 238 | 236 | 258 | 264 | ||
| Estimated litigation liability | 74 | |||||
| Restructuring reserve | 19 | |||||
| Business combination, contingent consideration, liability | 107 | 127 | 122 | |||
| Derivative instruments and hedges, liabilities | 425 | 261 | 1,105 | 234 | ||
| Other undisclosed noncurrent liabilities | 319 | 115 | 84 | 473 | ||
| Total noncurrent liabilities: | 5,805 | 5,625 | 7,397 | 6,223 | ||
| Total liabilities: | 8,260 | 8,544 | 10,649 | 9,044 | ||
| Stockholders' equity | ||||||
| Stockholders' equity attributable to parent | 4,539 | 5,389 | 4,523 | 5,654 | ||
| Common stock | 2 | 2 | 2 | 2 | ||
| Additional paid in capital | 9,638 | 9,611 | 9,590 | 9,531 | ||
| Accumulated other comprehensive loss | (4,849) | (4,565) | (5,182) | (3,775) | ||
| Retained earnings (accumulated deficit) | (252) | 341 | 113 | (104) | ||
| Stockholders' equity attributable to noncontrolling interest | 1,871 | 2,005 | 2,275 | 2,043 | ||
| Total stockholders' equity: | 6,410 | 7,394 | 6,798 | 7,697 | ||
| TOTAL LIABILITIES AND EQUITY: | 14,670 | 15,938 | 17,447 | 16,741 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|
| Revenues | 11,341 | 13,403 | 11,652 | 9,318 | |
| Revenue, net | ✕ | ✕ | 11,652 | 9,318 | |
| Cost of revenue | (2,120) | (8,770) | |||
| Cost of goods and services sold | (2,120) | ||||
| Gross profit: | 9,221 | 13,403 | 11,652 | 548 | |
| Operating expenses | (556) | (806) | (625) | (710) | |
| Operating income (loss): | 8,665 | 12,597 | 11,027 | (162) | |
| Nonoperating income (expense) | (150) | (64) | 58 | 89 | |
| Foreign currency transaction gain (loss), before tax | (8) | 57 | (8) | (8) | |
| Other nonoperating income | 18 | 10 | 2 | 12 | |
| Interest and debt expense | (121) | (122) | (104) | (243) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 8,394 | 12,411 | 10,981 | (316) | |
| Other undisclosed income (loss) from continuing operations before income taxes | (8,162) | (10,814) | (9,822) | 154 | |
| Income (loss) from continuing operations before income taxes: | 232 | 1,597 | 1,159 | (162) | |
| Income tax expense | (518) | (726) | (600) | (184) | |
| Net income (loss): | (286) | 871 | 559 | (346) | |
| Net loss attributable to noncontrolling interest | (493) | (644) | (342) | (54) | |
| Net income (loss) available to common stockholders, diluted: | (779) | 227 | 217 | (400) | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|
| Net income (loss): | (286) | 871 | 559 | (346) | |
| Other comprehensive income (loss) | (194) | 369 | (1,252) | (229) | |
| Comprehensive income (loss): | (480) | 1,240 | (693) | (575) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (419) | (644) | (342) | (54) | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 54 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (899) | 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.