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)
| 12/31/2019 TTM | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | 3/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,031 | 950 | 920 | 594 | 556 | 628 | 509 | ||
| Cash and cash equivalents | 1,031 | 950 | 920 | 594 | 556 | 628 | 509 | ||
| Receivables | 161 | 1,581 | 1,595 | 1,127 | 1,015 | 1,342 | 2,681 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,494 | 1,460 | 1,560 | 1,333 | 1,180 | 1,431 | 1,173 | ||
| Inventory | 1,494 | 1,460 | 1,560 | 1,333 | 1,180 | 1,431 | 1,173 | ||
| Derivative instruments and hedges, assets | 51 | 70 | 159 | 113 | 88 | 77 | 51 | ||
| Disposal group, including discontinued operation | 5 | 3 | 5 | 3 | 5 | 6 | |||
| Assets held-for-sale | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 102 | ||
| Other undisclosed current assets | 1,372 | 121 | 125 | 111 | 127 | 191 | (1,043) | ||
| Total current assets: | 4,114 | 4,185 | 4,364 | 3,281 | 2,971 | 3,675 | 3,473 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 3,524 | 3,385 | 3,110 | 3,357 | 3,506 | 3,542 | 3,513 | ||
| Long-term investments and receivables | 794 | 792 | 852 | 466 | 504 | 462 | 624 | ||
| Long-term investments | 794 | 792 | 849 | 451 | 488 | 447 | 612 | ||
| Due from related parties | 3 | 15 | 16 | 15 | 12 | ||||
| Intangible assets, net (including goodwill) | 918 | 958 | 1,017 | 1,064 | 1,130 | 1,191 | 1,251 | ||
| Goodwill | 607 | 607 | 607 | 607 | 607 | 607 | 611 | ||
| Intangible assets, net (excluding goodwill) | 311 | 351 | 410 | 457 | 523 | 584 | 640 | ||
| Derivative instruments and hedges | 2 | 2 | 2 | 2 | 6 | 4 | |||
| Restricted cash and investments | 11 | 10 | |||||||
| Other noncurrent assets | 215 | 101 | 97 | 94 | 112 | 137 | 173 | ||
| Assets held-for-sale, long lived | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 76 | ||
| Other undisclosed noncurrent assets | 128 | 130 | 61 | 80 | 81 | 95 | |||
| Total noncurrent assets: | 5,592 | 5,378 | 5,139 | 5,063 | 5,339 | 5,427 | 5,641 | ||
| TOTAL ASSETS: | 9,706 | 9,563 | 9,503 | 8,344 | 8,310 | 9,102 | 9,114 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,285 | 2,602 | 2,642 | 2,276 | 2,075 | 2,676 | 2,178 | ||
| Accounts payable | 1,744 | 1,986 | 2,051 | 1,722 | 1,506 | 1,854 | 1,418 | ||
| Accrued liabilities | 541 | 616 | 591 | 554 | 569 | 572 | 547 | ||
| Employee-related liabilities | 172 | 182 | |||||||
| Taxes payable | 11 | 31 | |||||||
| Interest and dividends payable | 67 | ||||||||
| Debt | 70 | 58 | 170 | 415 | 626 | 954 | 815 | ||
| Derivative instruments and hedges, liabilities | 59 | 87 | 106 | 151 | 85 | 149 | 60 | ||
| Restructuring reserve | 26 | ✕ | |||||||
| Due to related parties | 175 | 205 | 51 | 48 | 44 | ||||
| Deferred tax liabilities | ✕ | 20 | 16 | ||||||
| Other undisclosed current liabilities | 174 | (250) | 101 | ||||||
| Total current liabilities: | 2,614 | 2,922 | 3,123 | 2,893 | 2,834 | 3,593 | 3,170 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 4,355 | 4,328 | 4,336 | 4,437 | 4,451 | 4,349 | 4,359 | ||
| Other undisclosed long-term debt and lease obligation | 4,355 | 4,328 | 4,336 | 4,437 | 4,451 | 4,349 | 4,359 | ||
| Liabilities, other than long-term debt | 1,076 | 1,247 | 1,221 | 1,091 | 1,084 | 1,276 | 1,360 | ||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 621 | ||
| Deferred tax liabilities, net | ✕ | 223 | 164 | 94 | 89 | 261 | 425 | ||
| Liability, pension and other postretirement and postemployment benefits | 821 | 844 | 825 | 799 | 820 | 748 | ✕ | ||
| Accrued environmental loss contingencies | 8 | 22 | 24 | ||||||
| Other liabilities | 240 | 180 | 232 | 198 | 175 | 221 | 271 | ||
| Derivative instruments and hedges, liabilities | 7 | 24 | 19 | ||||||
| Other undisclosed noncurrent liabilities | 237 | (46) | (43) | ||||||
| Total noncurrent liabilities: | 5,668 | 5,575 | 5,557 | 5,528 | 5,535 | 5,579 | 5,676 | ||
| Total liabilities: | 8,282 | 8,497 | 8,680 | 8,421 | 8,369 | 9,172 | 8,846 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,455 | 1,101 | 860 | (59) | (59) | (82) | 240 | ||
| Additional paid in capital | 1,404 | 1,404 | 1,404 | 1,404 | 1,404 | 1,404 | 1,404 | ||
| Accumulated other comprehensive loss | (509) | (506) | (261) | (545) | (500) | (561) | (91) | ||
| Retained earnings (accumulated deficit) | 560 | 203 | (283) | (918) | (963) | (925) | (1,073) | ||
| Stockholders' equity attributable to noncontrolling interest | (31) | (35) | (37) | (18) | 12 | 28 | |||
| Total stockholders' equity: | 1,424 | 1,066 | 823 | (77) | (59) | (70) | 268 | ||
| TOTAL LIABILITIES AND EQUITY: | 9,706 | 9,563 | 9,503 | 8,344 | 8,310 | 9,102 | 9,114 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 TTM | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | 3/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 11,575 | 12,326 | 11,462 | 9,591 | 9,872 | 11,147 | 9,767 | |
| Revenue, net | 3,084 | 12,326 | 11,462 | 9,591 | 9,872 | 11,147 | 9,767 | |
| Cost of revenue | (10,191) | (11,017) | (10,273) | (8,835) | (9,262) | (10,403) | (8,964) | |
| Cost of goods and services sold | (2,414) | |||||||
| Gross profit: | 1,384 | 1,309 | 1,189 | 756 | 610 | 744 | 803 | |
| Operating expenses | (719) | (673) | (334) | (559) | (602) | (582) | (688) | |
| Other undisclosed operating loss | (344) | |||||||
| Operating income: | 321 | 636 | 855 | 197 | 8 | 162 | 115 | |
| Nonoperating income (expense) | (42) | (44) | (7) | (97) | 70 | (39) | 41 | |
| Foreign currency transaction gain (loss), before tax | (1) | 2 | (2) | 2 | (22) | |||
| Other nonoperating income (expense) | (41) | (44) | (9) | (95) | 68 | (17) | 41 | |
| Interest and debt expense | (252) | (268) | (255) | (428) | (340) | (326) | (304) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 520 | 309 | 263 | 533 | 273 | 370 | 275 | |
| Income from continuing operations before equity method investments, income taxes: | 547 | 633 | 856 | 205 | 11 | 167 | 127 | |
| Income (loss) from equity method investments | 3 | (1) | (8) | (3) | (5) | (12) | ||
| Other undisclosed income from continuing operations before income taxes | 118 | |||||||
| Income from continuing operations before income taxes: | 665 | 636 | 855 | 197 | 8 | 162 | 115 | |
| Income tax expense | (205) | (202) | (233) | (151) | (46) | (14) | (11) | |
| Net income (loss): | 460 | 434 | 622 | 46 | (38) | 148 | 104 | |
| Net income (loss) attributable to noncontrolling interest | 13 | (1) | ||||||
| Net income (loss) available to common stockholders, diluted: | 460 | 434 | 635 | 45 | (38) | 148 | 104 | |
Comprehensive Income ($ in millions)
| 12/31/2019 TTM | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | 3/31/2015 | 3/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 460 | 434 | 622 | 46 | (38) | 148 | 104 | |
| Other comprehensive income (loss) | (118) | (229) | 284 | (45) | 61 | (470) | ||
| Other undisclosed comprehensive income (loss) | 2 | 2 | (6) | 3 | (11) | (15) | 175 | |
| Comprehensive income (loss): | 344 | 207 | 900 | 4 | 12 | (337) | 279 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (4) | (2) | 19 | (4) | 11 | (15) | (2) | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 30 | 4 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 340 | 205 | 919 | 23 | (322) | 281 | ||
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.