Arconic Inc. (ARNC) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6482,2772,1501,8631,9191,8771,437
Cash and cash equivalents1,6482,2772,1501,8631,9191,8771,437
Receivables1,4511,4981,3741,6941,8621,3951,221
Inventory, net of allowances, customer advances and progress billings2,4292,4922,4802,2533,4423,0822,705
Inventory2,4292,4922,4802,2533,4423,0822,705
Other current assets      1,009
Other undisclosed current assets314314374827301,915597
Total current assets:5,8426,5816,3785,8927,9538,2696,969
Noncurrent Assets
Nontrade receivables     111
Property, plant and equipment5,4635,7045,5945,49914,81516,42617,639
Long-term investments and receivables    1,6851,9441,907
Long-term investments    1,6851,9441,907
Intangible assets, net (including goodwill)5,1515,4195,5226,9427,5386,8924,682
Goodwill4,4934,5004,5355,1485,4015,2473,415
Intangible assets, net (excluding goodwill)6589199871,7942,1371,6451,267
Derivative instruments and hedges     163220
Regulated entity, other noncurrent assets     6573
Deferred costs     209219
Deferred income tax assets608
Other noncurrent assets5144164811,2454,0062,7592,628
Prepaid pension costs  5388
Other undisclosed noncurrent assets 5737434605315081,317
Total noncurrent assets:11,73612,11212,34014,14628,57529,13028,773
TOTAL ASSETS:17,57818,69318,71820,03836,52837,39935,742
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6742,7302,4372,3803,9784,4374,349
Accounts payable2,0432,1291,8391,7442,8893,1522,960
Employee-related liabilities4323703993988509371,013
Taxes payable871187585239348376
Interest and dividends payable112113124153   
Debt1,0344343842183712
Accrued environmental loss contingencies     7048
Asset retirement obligation     7685
Other liabilities4183563493291,1741,0211,044
Other undisclosed current liabilities   3638(146)(133)
Total current liabilities:4,1263,5202,8242,7495,2115,5416,105
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,9065,8966,8068,0449,0448,7697,607
Long-term debt, excluding current maturities4,9065,8966,8068,0449,0448,7697,607
Operating lease, liability194
Other undisclosed long-term debt and lease obligation(194)      
Liabilities, other than long-term debt3,1743,4794,0383,9427,9298,06511,232
Deferred revenue and credits  84155258
Pension and other postretirement defined benefit plans, liabilities5,537
Accounts payable and accrued liabilities 146162154521330 
Accrued income taxes403
Deferred compensation liability, classified 195218216329346342
Asset retirement obligations    551587544
Liability, pension and other postretirement and postemployment benefits3,1742,9533,4053,2345,4045,446
Accrued environmental loss contingencies 185253260554473461
Estimated litigation liability    148222296
Other liabilities      2,971
Business combination, contingent consideration, liability   78130130
Derivative instruments and hedges, liabilities    208376420
Other undisclosed noncurrent liabilities751213126162213230(2,724)
Total noncurrent liabilities:8,8319,58810,97012,14817,18617,06416,115
Total liabilities:12,95713,10813,79414,89722,39722,60522,220
Stockholders' equity
Stockholders' equity attributable to parent, including:4,6075,5734,9105,11512,04612,30610,593
Preferred stock55555555555555
Common stock4334834814381,3911,3041,178
Treasury stock, value    (2,825)(3,042)(3,762)
Additional paid in capital7,3198,3198,2668,21410,0199,2847,509
Accumulated other comprehensive loss(3,329)(2,926)(2,644)(2,568)(5,431)(4,667)(3,659)
Retained earnings (accumulated deficit)129(358)(1,248)(1,027)8,8349,3799,272
Other undisclosed stockholders' equity attributable to parent   33(7) 
Stockholders' equity attributable to noncontrolling interest141214262,0852,4882,929
Total stockholders' equity:4,6215,5854,9245,14114,13114,79413,522
TOTAL LIABILITIES AND EQUITY:17,57818,69318,71820,03836,52837,39935,742

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues14,19214,01412,96012,39422,53423,90623,032
Revenue, net12,96012,39422,53423,90623,032
Cost of revenue(11,227) (551)(10,751)(19,874)(20,196)(22,029)
Cost of goods and services sold(11,227) (551)(535)(1,280)(19,137)(19,286)
Gross profit:2,96514,01412,4091,6432,6603,7101,003
Operating expenses(1,930)(1,292)(1,007)(1,229)(2,412)(3,213)(2,819)
Other undisclosed operating loss (11,397)(11,076)    
Operating income (loss):1,0351,325326414248497(1,816)
Nonoperating income (expense)(122)(79)64094(2)(47)25
Investment income, nonoperating  19 161913
Foreign currency transaction gain (loss), before tax1(26)5    
Other nonoperating income (expense)(25)46103 20(5)8
Interest and debt expense(338)(378)(496)(499)(498)(473)(453)
Other undisclosed income from continuing operations before equity method investments, income taxes   405500520428
Income (loss) from continuing operations before equity method investments, income taxes:575868470414248497(1,816)
Loss from equity method investments     (92)(68)
Income (loss) from continuing operations before income taxes:575868470414248405(1,884)
Income tax expense(105)(226)(544)(1,476)(445)(320)(428)
Other undisclosed income from continuing operations      68
Income (loss) from continuing operations:470642(74)(1,062)(197)85(2,244)
Income from discontinued operations   184   
Income (loss) before gain (loss) on sale of properties:470642(74)(878)(197)85(2,244)
Other undisclosed net income     92 
Net income (loss):470642(74)(878)(197)177(2,244)
Net income (loss) attributable to noncontrolling interest    (125)91(41)
Other undisclosed net loss attributable to parent   (63)   
Net income (loss) attributable to parent:470642(74)(941)(322)268(2,285)
Preferred stock dividends and other adjustments(2)(2)(53)(69)(69)(21) 
Net income (loss) available to common stockholders, basic:468640(127)(1,010)(391)247(2,285)
Interest on convertible debt911     
Net income (loss) available to common stockholders, diluted:477651(127)(1,010)(391)247(2,285)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):470642(74)(878)(197)177(2,244)
Other comprehensive income (loss)(401)85(74)(507)(1,176)(1,272)(595)
Comprehensive income (loss):69727(148)(1,385)(1,373)(1,095)(2,839)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (125)9141
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    125(91)(41)
Comprehensive income (loss), net of tax, attributable to parent:69727(148)(1,385)(1,373)(1,095)(2,839)

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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