$AA
Alcoa Corp

2021 Q2 Form 10-Q Financial Statement

#000156459021039147 Filed on July 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $2.833B $2.148B
YoY Change 31.89% -20.77%
Cost Of Revenue $2.156B $1.932B
YoY Change 11.59% -11.74%
Gross Profit $677.0M $216.0M
YoY Change 213.43% -58.62%
Gross Profit Margin 23.9% 10.06%
Selling, General & Admin $54.00M $44.00M
YoY Change 22.73% -35.29%
% of Gross Profit 7.98% 20.37%
Research & Development $6.000M $5.000M
YoY Change 20.0% -28.57%
% of Gross Profit 0.89% 2.31%
Depreciation & Amortization $161.0M $152.0M
YoY Change 5.92% -12.64%
% of Gross Profit 23.78% 70.37%
Operating Expenses $60.00M $201.0M
YoY Change -70.15% 168.0%
Operating Profit $617.0M $15.00M
YoY Change 4013.33% -96.64%
Interest Expense $67.00M $32.00M
YoY Change 109.38% 6.67%
% of Operating Profit 10.86% 213.33%
Other Income/Expense, Net $105.0M -$51.00M
YoY Change -305.88% 2.0%
Pretax Income $461.0M -$105.0M
YoY Change -539.05% -40.68%
Income Tax $111.0M $45.00M
% Of Pretax Income 24.08%
Net Earnings $309.0M -$197.0M
YoY Change -256.85% -51.0%
Net Earnings / Revenue 10.91% -9.17%
Basic Earnings Per Share $1.66 -$1.06
Diluted Earnings Per Share $1.63 -$1.06
COMMON SHARES
Basic Shares Outstanding 187.0M 186.0M
Diluted Shares Outstanding 190.0M 186.0M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.652B $965.0M
YoY Change 71.19% 15.71%
Cash & Equivalents $1.655B $965.0M
Short-Term Investments
Other Short-Term Assets $258.0M $288.0M
YoY Change -10.42% -12.73%
Inventory $1.547B $1.419B
Prepaid Expenses
Receivables $644.0M $402.0M
Other Receivables $100.0M $105.0M
Total Short-Term Assets $4.201B $3.179B
YoY Change 32.15% -16.74%
LONG-TERM ASSETS
Property, Plant & Equipment $6.976B $7.289B
YoY Change -4.29% -11.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.113B $1.037B
YoY Change 7.33% -9.11%
Other Assets $2.148B $1.795B
YoY Change 19.67% 22.69%
Total Long-Term Assets $10.24B $10.12B
YoY Change 1.15% -12.23%
TOTAL ASSETS
Total Short-Term Assets $4.201B $3.179B
Total Long-Term Assets $10.24B $10.12B
Total Assets $14.44B $13.30B
YoY Change 8.56% -13.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.392B $1.253B
YoY Change 11.09% -17.73%
Accrued Expenses $427.0M $451.0M
YoY Change -5.32% -5.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $1.000M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $2.671B $2.241B
YoY Change 19.19% -11.46%
LONG-TERM LIABILITIES
Long-Term Debt $2.216B $1.800B
YoY Change 23.11% -0.22%
Other Long-Term Liabilities $3.942B $3.690B
YoY Change 6.83% -3.78%
Total Long-Term Liabilities $6.158B $5.490B
YoY Change 12.17% -2.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.671B $2.241B
Total Long-Term Liabilities $6.158B $5.490B
Total Liabilities $10.67B $9.595B
YoY Change 11.19% 13.02%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.769B $3.705B
YoY Change
Total Liabilities & Shareholders Equity $14.44B $13.30B
YoY Change 8.56% -13.35%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $309.0M -$197.0M
YoY Change -256.85% -51.0%
Depreciation, Depletion And Amortization $161.0M $152.0M
YoY Change 5.92% -12.64%
Cash From Operating Activities -$86.00M $288.0M
YoY Change -129.86% 251.22%
INVESTING ACTIVITIES
Capital Expenditures -$79.00M -$77.00M
YoY Change 2.6% -13.48%
Acquisitions
YoY Change
Other Investing Activities $113.0M -$2.000M
YoY Change -5750.0% -98.18%
Cash From Investing Activities $34.00M -$79.00M
YoY Change -143.04% -60.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -849.0M -71.00M
YoY Change 1095.77% 0.0%
NET CHANGE
Cash From Operating Activities -86.00M 288.0M
Cash From Investing Activities 34.00M -79.00M
Cash From Financing Activities -849.0M -71.00M
Net Change In Cash -901.0M 138.0M
YoY Change -752.9% -173.4%
FREE CASH FLOW
Cash From Operating Activities -$86.00M $288.0M
Capital Expenditures -$79.00M -$77.00M
Free Cash Flow -$7.000M $365.0M
YoY Change -101.92% 113.45%

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CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2020Q2 us-gaap Variable Lease Cost
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us-gaap Variable Lease Cost
VariableLeaseCost
5000000
us-gaap Variable Lease Cost
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CY2021Q2 us-gaap Short Term Lease Cost
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us-gaap Short Term Lease Cost
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us-gaap Short Term Lease Cost
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CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.052
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021Q2 us-gaap Operating Lease Right Of Use Asset
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CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
49000000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
60000000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
76000000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
82000000
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
125000000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
142000000
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
37000000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
34000000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
24000000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9000000
CY2021Q2 aa Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
23000000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
142000000
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
17000000
CY2021Q2 us-gaap Operating Lease Liability
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125000000
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
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335000000
CY2020 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
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7000000
CY2020 us-gaap Accrual For Environmental Loss Contingencies Payments1
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CY2020 aa Accrual For Environmental Loss Contingencies Foreign Currency Translation Gain Loss And Other
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CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
322000000
us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
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us-gaap Accrual For Environmental Loss Contingencies Payments1
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us-gaap Accrual For Environmental Loss Contingencies Increase Decrease For Revision In Estimates
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CY2021Q2 us-gaap Accrual For Environmental Loss Contingencies
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298000000
CY2021Q2 us-gaap Accrued Environmental Loss Contingencies Current
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CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Current
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us-gaap Accrual For Environmental Loss Contingencies Payments1
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CY2021Q2 us-gaap Accrual For Environmental Loss Contingencies Increase Decrease For Revision In Estimates
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us-gaap Accrual For Environmental Loss Contingencies Increase Decrease For Revision In Estimates
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CY2020Q2 us-gaap Accrual For Environmental Loss Contingencies Payments1
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us-gaap Translation Adjustment Functional To Reporting Currency Increase Decrease Gross Of Tax
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CY2021Q2 aa Accrual For Environmental Loss Contingencies Undiscounted One To Five Year
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166000000
CY2020Q2 aa Income Loss From Equity Method Investments Nonoperating
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aa Income Loss From Equity Method Investments Nonoperating
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31000000
aa Income Loss From Equity Method Investments Nonoperating
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CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2021Q2 us-gaap Gain Loss On Disposition Of Assets
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98000000
CY2020Q2 us-gaap Gain Loss On Disposition Of Assets
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us-gaap Gain Loss On Disposition Of Assets
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124000000
us-gaap Gain Loss On Disposition Of Assets
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176000000
CY2021Q2 us-gaap Unrealized Gain Loss On Derivatives
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CY2020Q2 us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unrealized Gain Loss On Derivatives
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CY2021Q2 us-gaap Pension And Other Postretirement Benefit Expense
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us-gaap Pension And Other Postretirement Benefit Expense
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us-gaap Pension And Other Postretirement Benefit Expense
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CY2020Q2 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2021Q2 us-gaap Nonoperating Income Expense
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CY2020Q2 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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