Novelis Inc (NVL) financial statements (2022 and earlier)

Company profile

Business Address 3560 LENOX ROAD
ATLANTA, GA 30326
State of Incorp. ON
Fiscal Year End March 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
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments808 2,392950920594
Cash and cash equivalents808 2,392950920594
Receivables260 1,2311,5811,5951,127
Inventory, net of allowances, customer advances and progress billings2,912 1,4091,4601,5601,333
Inventory2,912 1,4091,4601,5601,333
Derivative instruments and hedges, assets217 20270159113
Disposal group, including discontinued operation6  353
Assets held-for-sale, not part of disposal group5 5   
Other undisclosed current assets2,402 145121125111
Total current assets:6,610 5,3844,1854,3643,281
Noncurrent Assets
Finance lease, right-of-use asset  3
Operating lease, right-of-use asset  95
Property, plant and equipment4,614 3,5803,3853,1103,357
Long-term investments and receivables841 760792852466
Long-term investments840 760792849451
Due from related parties1   315
Intangible assets, net (including goodwill)1,719 9069581,0171,064
Goodwill1,082 607607607607
Intangible assets, net (excluding goodwill)637 299351410457
Derivative instruments and hedges   222
Restricted cash and investments  1010  
Deferred income tax assets125 140
Other noncurrent assets280 2191019794
Other undisclosed noncurrent assets  (108)1306180
Total noncurrent assets:7,579 5,6055,3785,1395,063
TOTAL ASSETS:14,189 10,9899,5639,5038,344
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,874 1,9732,6022,6422,276
Accounts payable3,147 1,7321,9862,0511,722
Accrued liabilities727  616591554
Employee-related liabilities  191   
Interest and dividends payable  50   
Debt713 19558170415
Derivative instruments and hedges, liabilities407 21487106151
Due to related parties356 17617520551
Disposal group, including discontinued operation21     
Other liabilities  305   
Other undisclosed current liabilities  67   
Total current liabilities:5,371 2,9302,9223,1232,893
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,984 5,3454,3284,3364,437
Finance lease, liability  1
Operating lease, liability  70
Other undisclosed long-term debt and lease obligation4,984 5,2744,3284,3364,437
Liabilities, other than long-term debt1,358 1,1741,2471,2211,091
Deferred tax liabilities, net22316494
Deferred income tax liabilities223  
Liability, pension and other postretirement and postemployment benefits841 930844825799
Other liabilities294 229180232198
Derivative instruments and hedges, liabilities  15   
Other undisclosed noncurrent liabilities  179   
Total noncurrent liabilities:6,342 6,6985,5755,5575,528
Total liabilities:11,713 9,6288,4978,6808,421
Stockholders' equity
Stockholders' equity attributable to parent2,491 1,4121,101860(59)
Additional paid in capital1,304 1,4041,4041,4041,404
Accumulated other comprehensive loss(416) (620)(506)(261)(545)
Retained earnings (accumulated deficit)1,603 628203(283)(918)
Stockholders' equity attributable to noncontrolling interest(15) (51)(35)(37)(18)
Total stockholders' equity:2,476 1,3611,066823(77)
TOTAL LIABILITIES AND EQUITY:14,189 10,9899,5639,5038,344

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Revenues16,085 11,21712,32611,4629,591
Revenue, net12,32611,4629,591
Cost of revenue(13,884) (9,844)(11,017)(10,273)(8,835)
Cost of goods and services sold(10,150) (9,231)   
Gross profit:2,201 1,3731,3091,189756
Operating expenses(942) (775)(673)(334)(559)
Other operating expense, net(18) (2)   
Other nonrecurring (income) expense(18)     
Operating income:1,241 596636855197
Nonoperating income (expense)(17) 19(44)(7)(97)
Foreign currency transaction gain (loss), before tax(3) 3 2(2)
Net periodic defined benefits expense (reversal of expense), excluding service cost component  34 
Other nonoperating expense(14) (18)(44)(9)(95)
Interest and debt expense(332) (319)(268)(255)(428)
Other undisclosed income from continuing operations before equity method investments, income taxes  304309263533
Income from continuing operations before equity method investments, income taxes:892 600633856205
Income (loss) from equity method investments10 (2)3(1)(8)
Other undisclosed income from continuing operations before income taxes357     
Income from continuing operations before income taxes:1,259 598636855197
Income tax expense(357) (178)(202)(233)(151)
Income from continuing operations:902 42043462246
Income from discontinued operations1     
Other undisclosed income before gain (loss) on sale of properties221     
Income before gain (loss) on sale of properties:1,124 42043462246
Other undisclosed net loss(505)     
Net income:619 42043462246
Net income (loss) attributable to noncontrolling interest    13(1)
Other undisclosed net loss attributable to parent(1)     
Net income available to common stockholders, diluted:618 42043463545

Comprehensive Income ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Net income:619 42043462246
Other comprehensive income (loss)238 (130)(229)284(45)
Other undisclosed comprehensive income (loss)   2(6)3
Comprehensive income:857 2902079004
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(32) 16(2)19(4)
Comprehensive income, net of tax, attributable to parent:825 306205919 

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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