$AA
Alcoa Corp

2020 Q3 Form 10-Q Financial Statement

#000156459020049105 Filed on October 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $2.365B $2.567B
YoY Change -7.87% -24.28%
Cost Of Revenue $2.038B $2.120B
YoY Change -3.87% -16.34%
Gross Profit $327.0M $447.0M
YoY Change -26.85% -47.78%
Gross Profit Margin 13.83% 17.41%
Selling, General & Admin $47.00M $66.00M
YoY Change -28.79% 13.79%
% of Gross Profit 14.37% 14.77%
Research & Development $6.000M $7.000M
YoY Change -14.29% 0.0%
% of Gross Profit 1.83% 1.57%
Depreciation & Amortization $161.0M $184.0M
YoY Change -12.5% 6.36%
% of Gross Profit 49.24% 41.16%
Operating Expenses $214.0M $257.0M
YoY Change -16.73% 295.38%
Operating Profit $113.0M $190.0M
YoY Change -40.53% -75.98%
Interest Expense $41.00M -$36.00M
YoY Change -213.89% -209.09%
% of Operating Profit 36.28% -18.95%
Other Income/Expense, Net -$45.00M -$27.00M
YoY Change 66.67% 1250.0%
Pretax Income $22.00M -$52.00M
YoY Change -142.31% -111.43%
Income Tax $42.00M $95.00M
% Of Pretax Income 190.91%
Net Earnings -$49.00M -$221.0M
YoY Change -77.83% 3583.33%
Net Earnings / Revenue -2.07% -8.61%
Basic Earnings Per Share -$0.26 -$1.19
Diluted Earnings Per Share -$0.26 -$1.19
COMMON SHARES
Basic Shares Outstanding 186.0M 186.0M
Diluted Shares Outstanding 186.0M 186.0M

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.736B $841.0M
YoY Change 106.42% -17.71%
Cash & Equivalents $1.736B $844.0M
Short-Term Investments
Other Short-Term Assets $308.0M $329.0M
YoY Change -6.38% 5.45%
Inventory $1.398B $1.649B
Prepaid Expenses
Receivables $516.0M $596.0M
Other Receivables $95.00M $228.0M
Total Short-Term Assets $4.053B $3.643B
YoY Change 11.25% -13.12%
LONG-TERM ASSETS
Property, Plant & Equipment $7.250B $7.929B
YoY Change -8.56% -5.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.034B $1.114B
YoY Change -7.18% -19.33%
Other Assets $1.913B $1.984B
YoY Change -3.58% 22.85%
Total Long-Term Assets $10.20B $11.03B
YoY Change -7.53% -8.05%
TOTAL ASSETS
Total Short-Term Assets $4.053B $3.643B
Total Long-Term Assets $10.20B $11.03B
Total Assets $14.25B $14.67B
YoY Change -2.86% -9.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.360B $1.418B
YoY Change -4.09% -17.12%
Accrued Expenses $468.0M $466.0M
YoY Change 0.43% 10.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.000M $1.000M
YoY Change 100.0% -75.0%
Total Short-Term Liabilities $2.303B $2.455B
YoY Change -6.19% -18.28%
LONG-TERM LIABILITIES
Long-Term Debt $2.538B $1.805B
YoY Change 40.61% -0.82%
Other Long-Term Liabilities $4.146B $3.701B
YoY Change 12.02% -2.06%
Total Long-Term Liabilities $6.684B $5.506B
YoY Change 21.39% -1.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.303B $2.455B
Total Long-Term Liabilities $6.684B $5.506B
Total Liabilities $10.86B $10.13B
YoY Change 7.15% 13.83%
SHAREHOLDERS EQUITY
Retained Earnings -$252.0M
YoY Change -184.56%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.395B $4.539B
YoY Change
Total Liabilities & Shareholders Equity $14.25B $14.67B
YoY Change -2.86% -9.36%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$49.00M -$221.0M
YoY Change -77.83% 3583.33%
Depreciation, Depletion And Amortization $161.0M $184.0M
YoY Change -12.5% 6.36%
Cash From Operating Activities $158.0M $174.0M
YoY Change -9.2% -39.58%
INVESTING ACTIVITIES
Capital Expenditures -$74.00M -$87.00M
YoY Change -14.94% 6.1%
Acquisitions
YoY Change
Other Investing Activities -$4.000M $11.00M
YoY Change -136.36% -1200.0%
Cash From Investing Activities -$78.00M -$76.00M
YoY Change 2.63% -8.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 692.0M -81.00M
YoY Change -954.32% -71.07%
NET CHANGE
Cash From Operating Activities 158.0M 174.0M
Cash From Investing Activities -78.00M -76.00M
Cash From Financing Activities 692.0M -81.00M
Net Change In Cash 772.0M 17.00M
YoY Change 4441.18% -122.67%
FREE CASH FLOW
Cash From Operating Activities $158.0M $174.0M
Capital Expenditures -$74.00M -$87.00M
Free Cash Flow $232.0M $261.0M
YoY Change -11.11% -29.46%

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161000000
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16000000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
41000000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
18000000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
64000000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
32000000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
20000000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13000000
CY2020Q3 aa Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
28000000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
175000000
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
23000000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
152000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15000000
CY2018Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
280000000
CY2019 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
73000000
CY2019 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
17000000
CY2019 us-gaap Accrual For Environmental Loss Contingencies Increase Decrease For Revision In Estimates
AccrualForEnvironmentalLossContingenciesIncreaseDecreaseForRevisionInEstimates
-1000000
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
335000000
us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
6000000
aa Accrual For Environmental Loss Contingencies Foreign Currency Translation Gain Loss And Other
AccrualForEnvironmentalLossContingenciesForeignCurrencyTranslationGainLossAndOther
-6000000
CY2020Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
321000000
CY2020Q3 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
32000000
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
39000000
CY2020Q3 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
4000000
us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
6000000
CY2020Q3 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
5000000
us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
14000000
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3000000
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4000000
us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
12000000
CY2019Q3 us-gaap Translation Adjustment Functional To Reporting Currency Increase Decrease Gross Of Tax
TranslationAdjustmentFunctionalToReportingCurrencyIncreaseDecreaseGrossOfTax
-2000000
us-gaap Translation Adjustment Functional To Reporting Currency Increase Decrease Gross Of Tax
TranslationAdjustmentFunctionalToReportingCurrencyIncreaseDecreaseGrossOfTax
-2000000
CY2020Q3 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due In Remainder Of Fiscal Year
AccrualForEnvironmentalLossContingenciesUndiscountedDueInRemainderOfFiscalYear
9000000
CY2020Q3 aa Accrual For Environmental Loss Contingencies Undiscounted One To Five Year
AccrualForEnvironmentalLossContingenciesUndiscountedOneToFiveYear
197000000
CY2020Q3 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due After Fifth Year
AccrualForEnvironmentalLossContingenciesUndiscountedDueAfterFifthYear
115000000
CY2020Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
321000000
CY2020Q3 aa Accrual Environmental Loss Active Remediation Future Remediation For Significant Individual Sites
AccrualEnvironmentalLossActiveRemediationFutureRemediationForSignificantIndividualSites
260000000
CY2019Q4 aa Accrual Environmental Loss Active Remediation Future Remediation For Significant Individual Sites
AccrualEnvironmentalLossActiveRemediationFutureRemediationForSignificantIndividualSites
274000000
CY2020Q3 aa Income Loss From Equity Method Investments Nonoperating
IncomeLossFromEquityMethodInvestmentsNonoperating
-14000000
CY2019Q3 aa Income Loss From Equity Method Investments Nonoperating
IncomeLossFromEquityMethodInvestmentsNonoperating
-7000000
CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
5000000
CY2019Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1000000
CY2020Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-2000000
CY2019Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
5000000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
174000000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
6000000
CY2020Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-3000000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-12000000
CY2020Q3 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
28000000
CY2019Q3 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
30000000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
80000000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
89000000
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-45000000
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-27000000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
36000000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-118000000
aa Curtailed Global Smelting Capacity
CurtailedGlobalSmeltingCapacity
1059000
aa Curtailed Percentage Of Global Smelting Capacity
CurtailedPercentageOfGlobalSmeltingCapacity
0.35
aa Number Of People Employed
NumberOfPeopleEmployed
630
aa Number Of Employees Will Remain To Operate
NumberOfEmployeesWillRemainToOperate
100

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