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 investments1,1642,392950920594556628
Cash and cash equivalents1,1642,392950920594556628
Restricted cash and investments14      
Receivables1851,2311,5811,5951,1271,0151,342
Inventory, net of allowances, customer advances and progress billings1,7911,4091,4601,5601,3331,1801,431
Inventory1,7911,4091,4601,5601,3331,1801,431
Derivative instruments and hedges, assets146202701591138877
Disposal group, including discontinued operation11 35356
Assets held-for-sale, not part of disposal group55    
Other undisclosed current assets1,727145121125111127191
Total current assets:5,0435,3844,1854,3643,2812,9713,675
Noncurrent Assets
Finance lease, right-of-use asset 3
Operating lease, right-of-use asset 95
Property, plant and equipment4,7323,5803,3853,1103,3573,5063,542
Long-term investments and receivables859760792852466504462
Long-term investments858760792849451488447
Due from related parties1  3151615
Intangible assets, net (including goodwill)1,7839069581,0171,0641,1301,191
Goodwill1,065607607607607607607
Intangible assets, net (excluding goodwill)718299351410457523584
Derivative instruments and hedges  2226 
Restricted cash and investments 1010    
Deferred income tax assets185140
Other noncurrent assets3582191019794112137
Other undisclosed noncurrent assets (108)13061808195
Total noncurrent assets:7,9175,6055,3785,1395,0635,3395,427
TOTAL ASSETS:12,96010,9899,5639,5038,3448,3109,102
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,7221,9732,6022,6422,2762,0752,676
Accounts payable2,0971,7321,9862,0511,7221,5061,854
Accrued liabilities625 616591554569572
Employee-related liabilities 191    172
Taxes payable      11
Interest and dividends payable 50    67
Debt21019558170415626954
Derivative instruments and hedges, liabilities1832148710615185149
Due to related parties252176175205514844
Disposal group, including discontinued operation14      
Deferred tax liabilities    20
Other liabilities 305     
Other undisclosed current liabilities 67    (250)
Total current liabilities:3,3812,9302,9223,1232,8932,8343,593
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,2955,3454,3284,3364,4374,4514,349
Finance lease, liability 1
Operating lease, liability 70
Other undisclosed long-term debt and lease obligation6,2955,2744,3284,3364,4374,4514,349
Liabilities, other than long-term debt1,5041,1741,2471,2211,0911,0841,276
Deferred tax liabilities, net2231649489261
Deferred income tax liabilities152 
Liability, pension and other postretirement and postemployment benefits1,056930844825799820748
Accrued environmental loss contingencies      22
Other liabilities296229180232198175221
Derivative instruments and hedges, liabilities 15    24
Other undisclosed noncurrent liabilities 179    (46)
Total noncurrent liabilities:7,7996,6985,5755,5575,5285,5355,579
Total liabilities:11,1809,6288,4978,6808,4218,3699,172
Stockholders' equity
Stockholders' equity attributable to parent1,8261,4121,101860(59)(59)(82)
Additional paid in capital1,4041,4041,4041,4041,4041,4041,404
Accumulated other comprehensive loss(266)(620)(506)(261)(545)(500)(561)
Retained earnings (accumulated deficit)688628203(283)(918)(963)(925)
Stockholders' equity attributable to noncontrolling interest(46)(51)(35)(37)(18) 12
Total stockholders' equity:1,7801,3611,066823(77)(59)(70)
TOTAL LIABILITIES AND EQUITY:12,96010,9899,5639,5038,3448,3109,102

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
Revenues10,62011,21712,32611,4629,5919,87211,147
Revenue, net12,32611,4629,5919,87211,147
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:1,3081,3731,3091,189756610744
Operating expenses(798)(775)(673)(334)(559)(602)(582)
Other operating expense, net (2)     
Other undisclosed operating loss(528)      
Operating income (loss):(18)5966368551978162
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 taxes631304309263533273370
Income from continuing operations before equity method investments, income taxes:22260063385620511167
Income (loss) from equity method investments(5)(2)3(1)(8)(3)(5)
Other undisclosed income from continuing operations before income taxes293      
Income from continuing operations before income taxes:5105986368551978162
Income tax expense(143)(178)(202)(233)(151)(46)(14)
Income (loss) from continuing operations:36742043462246(38)148
Loss from discontinued operations(18)      
Income (loss) before gain (loss) on sale of properties:34942043462246(38)148
Other undisclosed net loss(199)      
Net income (loss):15042043462246(38)148
Net income (loss) attributable to noncontrolling interest(1)  13(1)  
Net income (loss) available to common stockholders, diluted:14942043463545(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):15042043462246(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):488290207900412(337)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1316(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:501306205919 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.

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