Novelis Inc (NVL) financial statements (2021 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)
| 12/31/2020 TTM | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,164 | 2,392 | 950 | 920 | 594 | 556 | 628 | ||
| Cash and cash equivalents | 1,164 | 2,392 | 950 | 920 | 594 | 556 | 628 | ||
| Restricted cash and investments | 14 | ||||||||
| Receivables | 185 | 1,231 | 1,581 | 1,595 | 1,127 | 1,015 | 1,342 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,791 | 1,409 | 1,460 | 1,560 | 1,333 | 1,180 | 1,431 | ||
| Inventory | 1,791 | 1,409 | 1,460 | 1,560 | 1,333 | 1,180 | 1,431 | ||
| Derivative instruments and hedges, assets | 146 | 202 | 70 | 159 | 113 | 88 | 77 | ||
| Disposal group, including discontinued operation | 11 | 3 | 5 | 3 | 5 | 6 | |||
| Assets held-for-sale, not part of disposal group | 5 | 5 | ✕ | ||||||
| Other undisclosed current assets | 1,727 | 145 | 121 | 125 | 111 | 127 | 191 | ||
| Total current assets: | 5,043 | 5,384 | 4,185 | 4,364 | 3,281 | 2,971 | 3,675 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 95 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 4,732 | 3,580 | 3,385 | 3,110 | 3,357 | 3,506 | 3,542 | ||
| Long-term investments and receivables | 859 | 760 | 792 | 852 | 466 | 504 | 462 | ||
| Long-term investments | 858 | 760 | 792 | 849 | 451 | 488 | 447 | ||
| Due from related parties | 1 | 3 | 15 | 16 | 15 | ||||
| Intangible assets, net (including goodwill) | 1,783 | 906 | 958 | 1,017 | 1,064 | 1,130 | 1,191 | ||
| Goodwill | 1,065 | 607 | 607 | 607 | 607 | 607 | 607 | ||
| Intangible assets, net (excluding goodwill) | 718 | 299 | 351 | 410 | 457 | 523 | 584 | ||
| Derivative instruments and hedges | 2 | 2 | 2 | 6 | |||||
| Restricted cash and investments | 10 | 10 | |||||||
| Deferred income tax assets | 185 | 140 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 358 | 219 | 101 | 97 | 94 | 112 | 137 | ||
| Other undisclosed noncurrent assets | (108) | 130 | 61 | 80 | 81 | 95 | |||
| Total noncurrent assets: | 7,917 | 5,605 | 5,378 | 5,139 | 5,063 | 5,339 | 5,427 | ||
| TOTAL ASSETS: | 12,960 | 10,989 | 9,563 | 9,503 | 8,344 | 8,310 | 9,102 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,722 | 1,973 | 2,602 | 2,642 | 2,276 | 2,075 | 2,676 | ||
| Accounts payable | 2,097 | 1,732 | 1,986 | 2,051 | 1,722 | 1,506 | 1,854 | ||
| Accrued liabilities | 625 | 616 | 591 | 554 | 569 | 572 | |||
| Employee-related liabilities | 191 | 172 | |||||||
| Taxes payable | 11 | ||||||||
| Interest and dividends payable | 50 | 67 | |||||||
| Debt | 210 | 195 | 58 | 170 | 415 | 626 | 954 | ||
| Derivative instruments and hedges, liabilities | 183 | 214 | 87 | 106 | 151 | 85 | 149 | ||
| Due to related parties | 252 | 176 | 175 | 205 | 51 | 48 | 44 | ||
| Disposal group, including discontinued operation | 14 | ||||||||
| Deferred tax liabilities | ✕ | ✕ | 20 | ||||||
| Other liabilities | 305 | ||||||||
| Other undisclosed current liabilities | 67 | (250) | |||||||
| Total current liabilities: | 3,381 | 2,930 | 2,922 | 3,123 | 2,893 | 2,834 | 3,593 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 6,295 | 5,345 | 4,328 | 4,336 | 4,437 | 4,451 | 4,349 | ||
| Finance lease, liability | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, liability | 70 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 6,295 | 5,274 | 4,328 | 4,336 | 4,437 | 4,451 | 4,349 | ||
| Liabilities, other than long-term debt | 1,504 | 1,174 | 1,247 | 1,221 | 1,091 | 1,084 | 1,276 | ||
| Deferred tax liabilities, net | ✕ | ✕ | 223 | 164 | 94 | 89 | 261 | ||
| Deferred income tax liabilities | 152 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 1,056 | 930 | 844 | 825 | 799 | 820 | 748 | ||
| Accrued environmental loss contingencies | 22 | ||||||||
| Other liabilities | 296 | 229 | 180 | 232 | 198 | 175 | 221 | ||
| Derivative instruments and hedges, liabilities | 15 | 24 | |||||||
| Other undisclosed noncurrent liabilities | 179 | (46) | |||||||
| Total noncurrent liabilities: | 7,799 | 6,698 | 5,575 | 5,557 | 5,528 | 5,535 | 5,579 | ||
| Total liabilities: | 11,180 | 9,628 | 8,497 | 8,680 | 8,421 | 8,369 | 9,172 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,826 | 1,412 | 1,101 | 860 | (59) | (59) | (82) | ||
| Additional paid in capital | 1,404 | 1,404 | 1,404 | 1,404 | 1,404 | 1,404 | 1,404 | ||
| Accumulated other comprehensive loss | (266) | (620) | (506) | (261) | (545) | (500) | (561) | ||
| Retained earnings (accumulated deficit) | 688 | 628 | 203 | (283) | (918) | (963) | (925) | ||
| Stockholders' equity attributable to noncontrolling interest | (46) | (51) | (35) | (37) | (18) | 12 | |||
| Total stockholders' equity: | 1,780 | 1,361 | 1,066 | 823 | (77) | (59) | (70) | ||
| TOTAL LIABILITIES AND EQUITY: | 12,960 | 10,989 | 9,563 | 9,503 | 8,344 | 8,310 | 9,102 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 TTM | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 10,620 | 11,217 | 12,326 | 11,462 | 9,591 | 9,872 | 11,147 | |
| Revenue, net | ✕ | ✕ | 12,326 | 11,462 | 9,591 | 9,872 | 11,147 | |
| Cost of revenue | (9,312) | (9,844) | (11,017) | (10,273) | (8,835) | (9,262) | (10,403) | |
| Cost of goods and services sold | (7,063) | (9,231) | ||||||
| Gross profit: | 1,308 | 1,373 | 1,309 | 1,189 | 756 | 610 | 744 | |
| Operating expenses | (798) | (775) | (673) | (334) | (559) | (602) | (582) | |
| Other operating expense, net | (2) | |||||||
| Other undisclosed operating loss | (528) | |||||||
| Operating income (loss): | (18) | 596 | 636 | 855 | 197 | 8 | 162 | |
| Nonoperating income (expense) | (67) | 19 | (44) | (7) | (97) | 70 | (39) | |
| Foreign currency transaction gain (loss), before tax | 3 | 2 | (2) | 2 | (22) | |||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 34 | ✕ | ✕ | ✕ | ✕ | |||
| Other nonoperating income (expense) | (86) | (18) | (44) | (9) | (95) | 68 | (17) | |
| Interest and debt expense | (324) | (319) | (268) | (255) | (428) | (340) | (326) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 631 | 304 | 309 | 263 | 533 | 273 | 370 | |
| Income from continuing operations before equity method investments, income taxes: | 222 | 600 | 633 | 856 | 205 | 11 | 167 | |
| Income (loss) from equity method investments | (5) | (2) | 3 | (1) | (8) | (3) | (5) | |
| Other undisclosed income from continuing operations before income taxes | 293 | |||||||
| Income from continuing operations before income taxes: | 510 | 598 | 636 | 855 | 197 | 8 | 162 | |
| Income tax expense | (143) | (178) | (202) | (233) | (151) | (46) | (14) | |
| Income (loss) from continuing operations: | 367 | 420 | 434 | 622 | 46 | (38) | 148 | |
| Loss from discontinued operations | (18) | |||||||
| Income (loss) before gain (loss) on sale of properties: | 349 | 420 | 434 | 622 | 46 | (38) | 148 | |
| Other undisclosed net loss | (199) | |||||||
| Net income (loss): | 150 | 420 | 434 | 622 | 46 | (38) | 148 | |
| Net income (loss) attributable to noncontrolling interest | (1) | 13 | (1) | |||||
| Net income (loss) available to common stockholders, diluted: | 149 | 420 | 434 | 635 | 45 | (38) | 148 | |
Comprehensive Income ($ in millions)
| 12/31/2020 TTM | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 150 | 420 | 434 | 622 | 46 | (38) | 148 | |
| Other comprehensive income (loss) | 338 | (130) | (229) | 284 | (45) | 61 | (470) | |
| Other undisclosed comprehensive income (loss) | 2 | (6) | 3 | (11) | (15) | |||
| Comprehensive income (loss): | 488 | 290 | 207 | 900 | 4 | 12 | (337) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 13 | 16 | (2) | 19 | (4) | 11 | (15) | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 30 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 501 | 306 | 205 | 919 | 23 | (322) | ||
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.