$AA
Alcoa Corp

2018 Q4 Form 10-Q Financial Statement

#000119312518317256 Filed on November 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $3.344B $3.390B $2.964B
YoY Change 5.36% 14.37% 27.26%
Cost Of Revenue $2.513B $2.534B $2.340B
YoY Change 12.34% 8.29% 18.9%
Gross Profit $831.0M $856.0M $624.0M
YoY Change -11.31% 37.18% 72.85%
Gross Profit Margin 24.85% 25.25% 21.05%
Selling, General & Admin $59.00M $58.00M $70.00M
YoY Change -10.61% -17.14% -23.91%
% of Gross Profit 7.1% 6.78% 11.22%
Research & Development $7.000M $7.000M $8.000M
YoY Change -22.22% -12.5% 0.0%
% of Gross Profit 0.84% 0.82% 1.28%
Depreciation & Amortization $174.0M $173.0M $194.0M
YoY Change -7.45% -10.82% 7.18%
% of Gross Profit 20.94% 20.21% 31.09%
Operating Expenses $240.0M $65.00M $78.00M
YoY Change -8.4% -16.67% -22.0%
Operating Profit $591.0M $791.0M $546.0M
YoY Change -12.44% 44.87% 109.2%
Interest Expense -$36.00M $33.00M $26.00M
YoY Change 0.0% 26.92% -61.19%
% of Operating Profit -6.09% 4.17% 4.76%
Other Income/Expense, Net -$27.00M -$2.000M -$48.00M
YoY Change -68.6% -95.83% -145.28%
Pretax Income $390.0M $455.0M $288.0M
YoY Change 51.75% 57.99% 182.35%
Income Tax $163.0M $260.0M $119.0M
% Of Pretax Income 41.79% 57.14% 41.32%
Net Earnings $51.00M -$6.000M $113.0M
YoY Change -126.02% -105.31% -1230.0%
Net Earnings / Revenue 1.53% -0.18% 3.81%
Basic Earnings Per Share $0.27 -$0.03 $0.61
Diluted Earnings Per Share $0.27 -$0.03 $0.60
COMMON SHARES
Basic Shares Outstanding 186.5M shares 186.0M 185.0M shares
Diluted Shares Outstanding 186.0M 187.0M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.113B $1.022B $1.119B
YoY Change -18.04% -8.67% 364.32%
Cash & Equivalents $1.113B $1.022B $1.119B
Short-Term Investments
Other Short-Term Assets $393.0M $312.0M $329.0M
YoY Change 2.34% -5.17% -78.02%
Inventory $1.819B $1.666B $1.323B
Prepaid Expenses
Receivables $830.0M $1.017B $840.0M
Other Receivables $173.0M $176.0M $193.0M
Total Short-Term Assets $4.328B $4.193B $3.804B
YoY Change 2.12% 10.23% 5.02%
LONG-TERM ASSETS
Property, Plant & Equipment $8.327B $8.355B $9.282B
YoY Change -8.88% -9.99% -3.4%
Goodwill $151.0M
YoY Change -84.73%
Intangibles
YoY Change
Long-Term Investments $1.360B $1.381B $1.408B
YoY Change -3.55% -1.92% 3.38%
Other Assets $1.475B $1.615B $1.745B
YoY Change -14.19% -7.45% 13.75%
Total Long-Term Assets $11.80B $11.99B $13.45B
YoY Change -10.64% -10.84% -1.7%
TOTAL ASSETS
Total Short-Term Assets $4.328B $4.193B $3.804B
Total Long-Term Assets $11.80B $11.99B $13.45B
Total Assets $16.13B $16.19B $17.25B
YoY Change -7.54% -6.2% -0.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.663B $1.711B $1.618B
YoY Change -12.38% 5.75% 29.23%
Accrued Expenses $400.0M $420.0M $450.0M
YoY Change -12.85% -6.67% 3.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $4.000M $17.00M
YoY Change -93.75% -76.47% -19.05%
Total Short-Term Liabilities $2.919B $3.004B $2.766B
YoY Change -10.24% 8.6% 25.39%
LONG-TERM LIABILITIES
Long-Term Debt $1.801B $1.820B $1.384B
YoY Change 29.76% 31.5% -5.01%
Other Long-Term Liabilities $3.523B $3.779B $4.668B
YoY Change -38.19% -19.04% 12.08%
Total Long-Term Liabilities $1.801B $5.599B $6.052B
YoY Change 29.76% -7.49% 7.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.919B $3.004B $2.766B
Total Long-Term Liabilities $1.801B $5.599B $6.052B
Total Liabilities $8.544B $8.900B $9.136B
YoY Change -19.77% -2.58% 11.7%
SHAREHOLDERS EQUITY
Retained Earnings $570.0M $298.0M $309.0M
YoY Change 404.42% -3.56%
Common Stock $9.613B $9.658B $9.586B
YoY Change 0.22% 0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.618B $5.216B $5.862B
YoY Change
Total Liabilities & Shareholders Equity $16.13B $16.19B $17.25B
YoY Change -7.54% -6.2% -0.29%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $51.00M -$6.000M $113.0M
YoY Change -126.02% -105.31% -1230.0%
Depreciation, Depletion And Amortization $174.0M $173.0M $194.0M
YoY Change -7.45% -10.82% 7.18%
Cash From Operating Activities $535.0M $288.0M $384.0M
YoY Change 17.58% -25.0% -487.88%
INVESTING ACTIVITIES
Capital Expenditures -$148.0M -$82.00M -$96.00M
YoY Change -1.33% -14.58% 31.51%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.000M -$8.000M
YoY Change -100.0% -87.5% -107.21%
Cash From Investing Activities -$148.0M -$83.00M -$104.0M
YoY Change -12.94% -20.19% -373.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -294.0M -280.0M -115.0M
YoY Change 454.72% 143.48% 228.57%
NET CHANGE
Cash From Operating Activities 535.0M 288.0M 384.0M
Cash From Investing Activities -148.0M -83.00M -104.0M
Cash From Financing Activities -294.0M -280.0M -115.0M
Net Change In Cash 93.00M -75.00M 165.0M
YoY Change -59.91% -145.45% -271.88%
FREE CASH FLOW
Cash From Operating Activities $535.0M $288.0M $384.0M
Capital Expenditures -$148.0M -$82.00M -$96.00M
Free Cash Flow $683.0M $370.0M $480.0M
YoY Change 12.89% -22.92% -1946.15%

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CY2018Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-24000000
CY2018Q3 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
32000000
CY2018Q3 us-gaap Profit Loss
ProfitLoss
155000000
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7000000
CY2018Q3 us-gaap Restructuring Charges
RestructuringCharges
177000000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3390000000
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
58000000
CY2018Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
-11000000
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1000000
CY2018Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
8000000
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
186000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
186000000 shares
CY2018Q3 us-gaap Translation Adjustment Functional To Reporting Currency Increase Decrease Gross Of Tax
TranslationAdjustmentFunctionalToReportingCurrencyIncreaseDecreaseGrossOfTax
1000000
CY2018Q3 aa Income Loss From Equity Method Investments Nonoperating
IncomeLossFromEquityMethodInvestmentsNonoperating
1000000
CY2018Q3 aa Adjusted Ebitda
AdjustedEbitda
839000000
CY2018Q3 aa Segment Reporting Information Corporate Expenses
SegmentReportingInformationCorporateExpenses
22000000
CY2018Q3 aa Segment Reporting Information Equity In Net Income Of Equity Method Investees Of Segments
SegmentReportingInformationEquityInNetIncomeOfEquityMethodInvesteesOfSegments
5000000
CY2018Q3 aa Segment Reporting Information Depreciation Depletion And Amortization Expenses
SegmentReportingInformationDepreciationDepletionAndAmortizationExpenses
166000000
CY2018Q3 aa Costs And Operating Expenses And Nonoperating Income Expenses
CostsAndOperatingExpensesAndNonoperatingIncomeExpenses
2984000000
CY2018Q3 aa Accrual For Environmental Loss Contingencies Charges
AccrualForEnvironmentalLossContingenciesCharges
5000000
CY2018Q3 aa Segment Reporting Information Transformation
SegmentReportingInformationTransformation
-1000000
CY2018Q3 aa Segment Reporting Information Corporate Inventory Accounting Income Loss
SegmentReportingInformationCorporateInventoryAccountingIncomeLoss
17000000

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