$AA
Alcoa Corp

2017 Q2 Form 10-Q Financial Statement

#000119312517247547 Filed on August 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $2.859B $2.323B
YoY Change 23.07% -21.63%
Cost Of Revenue $2.289B $1.941B
YoY Change 17.93% -17.47%
Gross Profit $570.0M $382.0M
YoY Change 49.21% -37.58%
Gross Profit Margin 19.94% 16.44%
Selling, General & Admin $70.00M $90.00M
YoY Change -22.22% 9.76%
% of Gross Profit 12.28% 23.56%
Research & Development $8.000M $7.000M
YoY Change 14.29% -63.16%
% of Gross Profit 1.4% 1.83%
Depreciation & Amortization $190.0M $178.0M
YoY Change 6.74% -11.0%
% of Gross Profit 33.33% 46.6%
Operating Expenses $78.00M $97.00M
YoY Change -19.59% -67.77%
Operating Profit $492.0M $285.0M
YoY Change 72.63% -8.36%
Interest Expense $25.00M $66.00M
YoY Change -62.12% -168.04%
% of Operating Profit 5.08% 23.16%
Other Income/Expense, Net -$28.00M $23.00M
YoY Change -221.74%
Pretax Income $237.0M $56.00M
YoY Change 323.21% 60.0%
Income Tax $99.00M $68.00M
% Of Pretax Income 41.77% 121.43%
Net Earnings $75.00M -$55.00M
YoY Change -236.36% -30.38%
Net Earnings / Revenue 2.62% -2.37%
Basic Earnings Per Share $0.41 -$0.29
Diluted Earnings Per Share $0.40 -$0.29
COMMON SHARES
Basic Shares Outstanding 184.0M shares 182.5M shares
Diluted Shares Outstanding 186.0M shares 182.0M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $954.0M $332.0M
YoY Change 187.35%
Cash & Equivalents $954.0M $332.0M
Short-Term Investments
Other Short-Term Assets $347.0M $281.0M
YoY Change 23.49%
Inventory $1.287B $1.166B
Prepaid Expenses
Receivables $789.0M $426.0M
Other Receivables $206.0M $181.0M
Total Short-Term Assets $3.583B $2.386B
YoY Change 50.17%
LONG-TERM ASSETS
Property, Plant & Equipment $9.237B $9.569B
YoY Change -3.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.378B $1.376B
YoY Change 0.15%
Other Assets $1.688B $2.888B
YoY Change -41.55%
Total Long-Term Assets $13.35B $13.99B
YoY Change -4.59%
TOTAL ASSETS
Total Short-Term Assets $3.583B $2.386B
Total Long-Term Assets $13.35B $13.99B
Total Assets $16.93B $16.37B
YoY Change 3.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.508B $1.277B
YoY Change 18.09%
Accrued Expenses $445.0M $291.0M
YoY Change 52.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $19.00M $22.00M
YoY Change -13.64%
Total Short-Term Liabilities $2.608B $2.131B
YoY Change 22.38%
LONG-TERM LIABILITIES
Long-Term Debt $1.418B $233.0M
YoY Change 508.58%
Other Long-Term Liabilities $4.356B $1.753B
YoY Change 148.49%
Total Long-Term Liabilities $5.774B $1.986B
YoY Change 190.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.608B $2.131B
Total Long-Term Liabilities $5.774B $1.986B
Total Liabilities $8.730B $6.693B
YoY Change 30.43%
SHAREHOLDERS EQUITY
Retained Earnings $196.0M
YoY Change
Common Stock $9.561B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.954B $9.681B
YoY Change
Total Liabilities & Shareholders Equity $16.93B $16.37B
YoY Change 3.39%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $75.00M -$55.00M
YoY Change -236.36% -30.38%
Depreciation, Depletion And Amortization $190.0M $178.0M
YoY Change 6.74% -11.0%
Cash From Operating Activities $311.0M -$92.00M
YoY Change -438.04% -136.95%
INVESTING ACTIVITIES
Capital Expenditures -$88.00M -$86.00M
YoY Change 2.33% -2.27%
Acquisitions
YoY Change
Other Investing Activities -$6.000M $146.0M
YoY Change -104.11% 170.37%
Cash From Investing Activities -$94.00M $60.00M
YoY Change -256.67% -276.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -78.00M 3.000M
YoY Change -2700.0% -100.87%
NET CHANGE
Cash From Operating Activities 311.0M -92.00M
Cash From Investing Activities -94.00M 60.00M
Cash From Financing Activities -78.00M 3.000M
Net Change In Cash 139.0M -29.00M
YoY Change -579.31% -77.69%
FREE CASH FLOW
Cash From Operating Activities $311.0M -$92.00M
Capital Expenditures -$88.00M -$86.00M
Free Cash Flow $399.0M -$6.000M
YoY Change -6750.0% -101.78%

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