Noranda Aluminum Holding Corp (NORN) financial statements (2020 and earlier)

Company profile

Business Address 801 CRESCENT DRIVE
FRANKLIN, TN 37067
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)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56217936
Cash and cash equivalents56217936
Restricted cash and investments 0  
Receivables6510587107
Inventory, net of allowances, customer advances and progress billings135197179196
Inventory135197179196
Prepaid expense 135
Derivative instruments and hedges, assets 653
Prepaid expense and other current assets28
Income taxes receivable32
Other current assets372712
Other undisclosed current assets (21)(5)(3)
Total current assets:293347364368
Noncurrent Assets
Inventory, Noncurrent 5813
Property, plant and equipment687695677695
Intangible assets, net (including goodwill)43187193199
Goodwill 138138138
Intangible assets, net (excluding goodwill)43495561
Derivative instruments and hedges 000
Restricted cash and investments 141313
Deferred costs 689
Other noncurrent assets658988
Prepaid expense and other noncurrent assets96
Defined benefit plan, assets for plan benefits 7610
Other undisclosed noncurrent assets (32)(34)(45)
Total noncurrent assets:794971958989
TOTAL ASSETS:1,0881,3181,3221,358
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities163202174183
Accounts payable8512389107
Accrued liabilities78596159
Employee-related liabilities 182417
Interest and dividends payable 2  
Debt7421253
Derivative instruments and hedges, liabilities 542
Accrued environmental loss contingencies 222
Asset retirement obligation 222
Accrued reclamation costs 213
Deferred tax liabilities 12217
Other undisclosed current liabilities (31)(29)(24)
Total current liabilities:905205161188
Noncurrent Liabilities
Long-term debt and lease obligation 656654592
Long-term debt, excluding current maturities 656654592
Liabilities, other than long-term debt354415376441
Pension and other postretirement defined benefit plans, liabilities116187
Accounts payable and accrued liabilities 15  
Asset retirement obligations 141413
Deferred tax liabilities, net122143194184
Liability for uncertainty in income taxes 111
Liability, pension and other postretirement and postemployment benefits188195
Accrued environmental loss contingencies 111
Financial instruments subject to mandatory redemption, settlement terms, share value, amount   2
Other liabilities44465052
Derivative instruments and hedges, liabilities  00
Other undisclosed noncurrent liabilities (31)(16)(15)
Total noncurrent liabilities:3541,0411,0141,018
Total liabilities:1,2601,2461,1751,205
Stockholders' equity
Stockholders' equity attributable to parent(178)66141146
Common stock0111
Additional paid in capital247244240233
Accumulated other comprehensive loss(96)(110)(60)(106)
Retained earnings (accumulated deficit)(329)(68)(39)18
Stockholders' equity attributable to noncontrolling interest6666
Total stockholders' equity:(172)72147152
TOTAL LIABILITIES AND EQUITY:1,0881,3181,3221,358

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
1,2281,3551,3441,395
Cost of revenue
(Cost of Goods and Services Sold)
(1,244)(1,262)(1,272)(1,278)
Gross profit:(16)9372117
Operating expenses(1,466)(1,338)(1,369)(1,360)
Other undisclosed operating income1,2441,2621,2721,278
Operating income (loss):(238)17(26)35
Nonoperating income (expense)(69)(46)(52)40
Investment income, nonoperating(16)5(2)81
Interest and debt expense(53)(50)(3)(8)
Other undisclosed income from continuing operations before equity method investments, income taxes535038
Income (loss) from continuing operations before income taxes:(307)(29)(78)75
Income tax expense (benefit)48230(25)
Net income (loss) available to common stockholders, diluted:(260)(27)(48)50

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(260)(27)(48)50
Other comprehensive income (loss)(14)50(45)(63)
Comprehensive income (loss):(274)23(93)(14)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent28(99)91 
Comprehensive loss, net of tax, attributable to parent:(246)(76)(2)(14)

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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