Arconic Corporation (ARNC) financial statements (2022 and earlier)

Company profile

Business Address 201 ISABELLA STREET
PITTSBURGH, PA 15212-5872
State of Incorp. DE
Fiscal Year End December 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
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments335787
Cash and cash equivalents335787
Receivables1,148759
Inventory, net of allowances, customer advances and progress billings1,6301,043
Inventory1,6301,043
Other undisclosed current assets5553
Total current assets:3,1682,642
Noncurrent Assets
Operating lease, right-of-use asset122144
Property, plant and equipment2,6512,712
Intangible assets, net (including goodwill)322390
Goodwill322390
Deferred income tax assets229329
Other noncurrent assets8897
Total noncurrent assets:3,4123,672
TOTAL ASSETS:6,5806,314
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8951,257
Accounts payable1,7181,106
Employee-related liabilities116118
Taxes payable6133
Accrued environmental loss contingencies1590
Other liabilities11890
Other undisclosed current liabilities3536
Total current liabilities:2,0631,473
Noncurrent Liabilities
Long-term debt and lease obligation1,6841,389
Long-term debt, excluding current maturities1,5941,278
Operating lease, liability90111
Liabilities, other than long-term debt1,2742,005
Deferred income tax liabilities1215
Liability, pension and other postretirement and postemployment benefits1,1281,822
Accrued environmental loss contingencies4966
Other liabilities85102
Total noncurrent liabilities:2,9583,394
Total liabilities:5,0214,867
Stockholders' equity
Stockholders' equity attributable to parent1,5451,433
Common stock11
Treasury stock, value(161) 
Additional paid in capital3,3683,348
Accumulated other comprehensive loss(1,111)(1,761)
Accumulated deficit(552)(155)
Stockholders' equity attributable to noncontrolling interest1414
Total stockholders' equity:1,5591,447
TOTAL LIABILITIES AND EQUITY:6,5806,314

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

12/31/2021
12/31/2020
Revenues7,5045,675
Cost of revenue
(Cost of Goods and Services Sold)
(6,573)(4,862)
Gross profit:931813
Operating expenses(1,152)(759)
Other operating expense, net(36)(55)
Other undisclosed operating income (loss)(35)81
Operating income (loss):(292)80
Nonoperating expense(67)(70)
Foreign currency transaction loss, before tax(5)(11)
Net periodic defined benefits expense (reversal of expense), excluding service cost component(60)(78)
Other nonoperating income (expense)(3)15
Interest and debt expense(100)(118)
Loss from continuing operations before income taxes:(459)(108)
Income tax expense (benefit)62(1)
Net loss available to common stockholders, diluted:(397)(109)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
Net loss:(397)(109)
Other comprehensive income650146
Comprehensive income, net of tax, attributable to parent:25337

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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