Novelis Inc.

2024 Q3 Form 10-Q Financial Statement

#000130428024000039 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024 Q1

Balance Sheet

Concept 2024 Q3 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $886.0M $1.309B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $2.755B $2.515B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $6.063B $5.943B
YoY Change -7.44% -8.0%
LONG-TERM ASSETS
Property, Plant & Equipment $5.849B $5.741B
YoY Change 15.82% 17.16%
Goodwill $1.073B $1.074B
YoY Change -0.09% -0.19%
Intangibles
YoY Change
Long-Term Investments $903.0M $905.0M
YoY Change 1.8% 3.19%
Other Assets
YoY Change
Total Long-Term Assets $8.796B $8.685B
YoY Change 9.44% 9.88%
TOTAL ASSETS
Total Short-Term Assets $6.063B $5.943B
Total Long-Term Assets $8.796B $8.685B
Total Assets $14.86B $14.63B
YoY Change 1.86% 1.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $579.0M $627.0M
YoY Change 3.02% -0.95%
Deferred Revenue
YoY Change
Short-Term Debt $623.0M $759.0M
YoY Change 3.66% 13.11%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.013B $4.835B
YoY Change 4.11% -1.31%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $293.0M $305.0M
YoY Change 2.09% 5.9%
Total Long-Term Liabilities $293.0M $305.0M
YoY Change 2.09% 5.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.013B $4.835B
Total Long-Term Liabilities $293.0M $305.0M
Total Liabilities $10.95B $10.82B
YoY Change 0.68% -0.84%
SHAREHOLDERS EQUITY
Retained Earnings $3.223B $3.072B
YoY Change 22.64% 24.27%
Common Stock $1.108B $1.108B
YoY Change -8.28% -8.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.903B $3.799B
YoY Change
Total Liabilities & Shareholders Equity $14.86B $14.63B
YoY Change 1.86% 1.84%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024 Q1

Facts In Submission

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<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:107%">Use of Estimates and Assumptions</span></div>The preparation of our condensed consolidated financial statements in accordance with U.S. GAAP requires us to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. The principal areas of judgment relate to (1) impairment of goodwill; (2) actuarial assumptions related to pension and other postretirement benefit plans; (3) tax uncertainties and valuation allowances; and (4) assessment of loss contingencies, including environmental and litigation liabilities. Future events and their effects cannot be predicted with certainty, and accordingly, our accounting estimates require the exercise of judgment. The accounting estimates used in the preparation of our condensed consolidated financial statements may change as new events occur, more experience is acquired, additional information is obtained, and our operating environment changes. We evaluate and update our assumptions and estimates on an ongoing basis and may employ outside experts to assist in our evaluations. Actual results could differ from the estimates we have used.
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CY2024Q2 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
7000000 usd
CY2023Q2 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
4000000 usd
CY2024Q2 nvl Realized Gain Loss On Derivative Instruments Not Included In Segment Income
RealizedGainLossOnDerivativeInstrumentsNotIncludedInSegmentIncome
2000000 usd
CY2023Q2 nvl Realized Gain Loss On Derivative Instruments Not Included In Segment Income
RealizedGainLossOnDerivativeInstrumentsNotIncludedInSegmentIncome
-3000000 usd
CY2024Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
19000000 usd
CY2023Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
3000000 usd
CY2024Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1000000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 usd
CY2024Q2 nvl Metal Price Lag
MetalPriceLag
-7000000 usd
CY2023Q2 nvl Metal Price Lag
MetalPriceLag
5000000 usd
CY2024Q2 nvl Other Nonoperating Income Expense Nonsegment
OtherNonoperatingIncomeExpenseNonsegment
-43000000 usd
CY2023Q2 nvl Other Nonoperating Income Expense Nonsegment
OtherNonoperatingIncomeExpenseNonsegment
2000000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
500000000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
421000000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
500000000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
421000000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4187000000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4091000000 usd

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