Arconic Inc. (ARNC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6101,6482,2772,1501,8631,9191,877
Cash and cash equivalents1,6101,6482,2772,1501,8631,9191,877
Receivables3571,4511,4981,3741,6941,8621,395
Inventory, net of allowances, customer advances and progress billings1,4882,4292,4922,4802,2533,4423,082
Inventory1,4882,4292,4922,4802,2533,4423,082
Other undisclosed current assets217314314374827301,915
Total current assets:3,6725,8426,5816,3785,8927,9538,269
Noncurrent Assets
Nontrade receivables      111
Property, plant and equipment2,5925,4635,7045,5945,49914,81516,426
Long-term investments and receivables     1,6851,944
Long-term investments     1,6851,944
Intangible assets, net (including goodwill)4,6735,1515,4195,5226,9427,5386,892
Goodwill4,1024,4934,5004,5355,1485,4015,247
Intangible assets, net (excluding goodwill)5716589199871,7942,1371,645
Derivative instruments and hedges      163
Regulated entity, other noncurrent assets      65
Deferred costs      209
Deferred income tax assets272608
Other noncurrent assets2345144164811,2454,0062,759
Prepaid pension costs  53
Other undisclosed noncurrent assets  573743460531508
Total noncurrent assets:7,77111,73612,11212,34014,14628,57529,130
TOTAL ASSETS:11,44317,57818,69318,71820,03836,52837,399
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9952,6742,7302,4372,3803,9784,437
Accounts payable5992,0432,1291,8391,7442,8893,152
Employee-related liabilities205432370399398850937
Taxes payable102871187585239348
Interest and dividends payable89112113124153  
Debt3761,0344343842183
Accrued environmental loss contingencies      70
Asset retirement obligation      76
Other liabilities2894183563493291,1741,021
Other undisclosed current liabilities    3638(146)
Total current liabilities:1,6604,1263,5202,8242,7495,2115,541
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,6994,9065,8966,8068,0449,0448,769
Long-term debt, excluding current maturities4,6994,9065,8966,8068,0449,0448,769
Operating lease, liability100194
Other undisclosed long-term debt and lease obligation(100)(194)     
Liabilities, other than long-term debt1,1833,1743,4794,0383,9427,9298,065
Deferred revenue and credits  84155
Accounts payable and accrued liabilities  146162154521330
Deferred compensation liability, classified  195218216329346
Asset retirement obligations     551587
Liability, pension and other postretirement and postemployment benefits1,1833,1742,9533,4053,2345,4045,446
Accrued environmental loss contingencies  185253260554473
Estimated litigation liability     148222
Business combination, contingent consideration, liability    78130130
Derivative instruments and hedges, liabilities     208376
Other undisclosed noncurrent liabilities324751213126162213230
Total noncurrent liabilities:6,2068,8319,58810,97012,14817,18617,064
Total liabilities:7,86612,95713,10813,79414,89722,39722,605
Stockholders' equity
Stockholders' equity attributable to parent, including:3,5774,6075,5734,9105,11512,04612,306
Preferred stock55555555555555
Common stock4334334834814381,3911,304
Treasury stock, value     (2,825)(3,042)
Additional paid in capital4,6687,3198,3198,2668,21410,0199,284
Accumulated other comprehensive loss(1,943)(3,329)(2,926)(2,644)(2,568)(5,431)(4,667)
Retained earnings (accumulated deficit)364129(358)(1,248)(1,027)8,8349,379
Other undisclosed stockholders' equity attributable to parent    33(7)
Stockholders' equity attributable to noncontrolling interest 141214262,0852,488
Total stockholders' equity:3,5774,6215,5854,9245,14114,13114,794
TOTAL LIABILITIES AND EQUITY:11,44317,57818,69318,71820,03836,52837,399

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,25914,19214,01412,96012,39422,53423,906
Revenue, net12,96012,39422,53423,906
Cost of revenue(3,878)(11,227) (551)(10,751)(19,874)(20,196)
Cost of goods and services sold(3,878)(11,227) (551)(535)(1,280)(19,137)
Gross profit:1,3812,96514,01412,4091,6432,6603,710
Operating expenses(755)(1,930)(1,292)(1,007)(1,229)(2,412)(3,213)
Other undisclosed operating loss  (11,397)(11,076)   
Operating income:6261,0351,325326414248497
Nonoperating income (expense)(74)(122)(79)64094(2)(47)
Investment income, nonoperating   19 1619
Foreign currency transaction gain (loss), before tax111(26)5   
Other nonoperating income (expense)(46)(25)46103 20(5)
Interest and debt expense(381)(338)(378)(496)(499)(498)(473)
Other undisclosed income from continuing operations before equity method investments, income taxes    405500520
Income from continuing operations before equity method investments, income taxes:171575868470414248497
Loss from equity method investments      (92)
Income from continuing operations before income taxes:171575868470414248405
Income tax expense (benefit)40(105)(226)(544)(1,476)(445)(320)
Income (loss) from continuing operations:211470642(74)(1,062)(197)85
Income from discontinued operations    184  
Income (loss) before gain (loss) on sale of properties:211470642(74)(878)(197)85
Other undisclosed net income50     92
Net income (loss):261470642(74)(878)(197)177
Net income (loss) attributable to noncontrolling interest     (125)91
Other undisclosed net loss attributable to parent    (63)  
Net income (loss) attributable to parent:261470642(74)(941)(322)268
Preferred stock dividends and other adjustments2(2)(2)(53)(69)(69)(21)
Other undisclosed net loss available to common stockholders, basic(4)      
Net income (loss) available to common stockholders, basic:259468640(127)(1,010)(391)247
Interest on convertible debt 911    
Net income (loss) available to common stockholders, diluted:259477651(127)(1,010)(391)247

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):261470642(74)(878)(197)177
Other comprehensive income (loss)16(401)85(74)(507)(1,176)(1,272)
Comprehensive income (loss):27769727(148)(1,385)(1,373)(1,095)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     (125)91
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     125(91)
Comprehensive income (loss), net of tax, attributable to parent:27769727(148)(1,385)(1,373)(1,095)

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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