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10-Q Filing

ALCOA CORP CIK: 1675149 Q2 2023
Filing Information
Form Type 10-Q
Accession Number 0000950170-23-035168
Period End Date 20230630
Filing Date 20230727
Fiscal Year 2023
Fiscal Period Q2
XBRL Instance aa-20230630_htm.xml
Balance Sheet 84 line items
Line Item Tag Value Unit Period
Cash and cash equivalents (N) CashAndCashEquivalentsAtCarryingValue $1.36B USD Point-in-time
Cash and cash equivalents (N) CashAndCashEquivalentsAtCarryingValue $990.00M USD Point-in-time
Receivables from customers (I) AccountsReceivableNetCurrent $702.00M USD Point-in-time
Receivables from customers (I) AccountsReceivableNetCurrent $778.00M USD Point-in-time
Other receivables OtherReceivablesNetCurrent $131.00M USD Point-in-time
Other receivables OtherReceivablesNetCurrent $104.00M USD Point-in-time
Inventories (J) InventoryNet $2.40B USD Point-in-time
Inventories (J) InventoryNet $2.43B USD Point-in-time
Fair value of derivative instruments (N) DerivativeAssetsCurrent $93.00M USD Point-in-time
Fair value of derivative instruments (N) DerivativeAssetsCurrent $134.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $381.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $417.00M USD Point-in-time
Total current assets AssetsCurrent $4.67B USD Point-in-time
Total current assets AssetsCurrent $5.25B USD Point-in-time
Properties, plants, and equipment PropertyPlantAndEquipmentGross $19.81B USD Point-in-time
Properties, plants, and equipment PropertyPlantAndEquipmentGross $19.61B USD Point-in-time
Less: accumulated depreciation, depletion, and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $13.37B USD Point-in-time
Less: accumulated depreciation, depletion, and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $13.11B USD Point-in-time
Properties, plants, and equipment, net PropertyPlantAndEquipmentNet $6.45B USD Point-in-time
Properties, plants, and equipment, net PropertyPlantAndEquipmentNet $6.49B USD Point-in-time
Investments (H) InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $1.12B USD Point-in-time
Investments (H) InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $1.03B USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $296.00M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $320.00M USD Point-in-time
Fair value of derivative instruments (N) DerivativeAssetsNoncurrent $5.00M USD Point-in-time
Fair value of derivative instruments (N) DerivativeAssetsNoncurrent $2.00M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $1.65B USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $1.59B USD Point-in-time
Total assets Assets $14.76B USD Point-in-time
Total assets Assets $14.13B USD Point-in-time
Accounts payable, trade AccountsPayableCurrent $1.76B USD Point-in-time
Accounts payable, trade AccountsPayableCurrent $1.49B USD Point-in-time
Accrued compensation and retirement costs EmployeeRelatedLiabilitiesCurrent $335.00M USD Point-in-time
Accrued compensation and retirement costs EmployeeRelatedLiabilitiesCurrent $340.00M USD Point-in-time
Taxes, including income taxes TaxesPayableCurrent $67.00M USD Point-in-time
Taxes, including income taxes TaxesPayableCurrent $230.00M USD Point-in-time
Fair value of derivative instruments (N) DerivativeLiabilitiesCurrent $165.00M USD Point-in-time
Fair value of derivative instruments (N) DerivativeLiabilitiesCurrent $200.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $481.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $532.00M USD Point-in-time
Long-term debt due within one year (L & N) LongTermDebtAndCapitalLeaseObligationsCurrent $1.00M USD Point-in-time
Long-term debt due within one year (L & N) LongTermDebtAndCapitalLeaseObligationsCurrent $1.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.60B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.00B USD Point-in-time
Long-term debt, less amount due within one year (L & N) LongTermDebtAndCapitalLeaseObligations $1.81B USD Point-in-time
Long-term debt, less amount due within one year (L & N) LongTermDebtAndCapitalLeaseObligations $1.81B USD Point-in-time
Accrued pension benefits (M) DefinedBenefitPensionPlanLiabilitiesNoncurrent $242.00M USD Point-in-time
Accrued pension benefits (M) DefinedBenefitPensionPlanLiabilitiesNoncurrent $213.00M USD Point-in-time
Accrued other postretirement benefits (M) OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $480.00M USD Point-in-time
Accrued other postretirement benefits (M) OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $445.00M USD Point-in-time
Asset retirement obligations (P) AssetRetirementObligationsNoncurrent $717.00M USD Point-in-time
Asset retirement obligations (P) AssetRetirementObligationsNoncurrent $711.00M USD Point-in-time
Environmental remediation (Q) AccruedEnvironmentalLossContingenciesNoncurrent $215.00M USD Point-in-time
Environmental remediation (Q) AccruedEnvironmentalLossContingenciesNoncurrent $226.00M USD Point-in-time
Fair value of derivative instruments (N) DerivativeLiabilitiesNoncurrent $912.00M USD Point-in-time
Fair value of derivative instruments (N) DerivativeLiabilitiesNoncurrent $1.03B USD Point-in-time
Noncurrent income taxes AccruedIncomeTaxesNoncurrent $215.00M USD Point-in-time
Noncurrent income taxes AccruedIncomeTaxesNoncurrent $221.00M USD Point-in-time
Other noncurrent liabilities and deferred credits DeferredCreditsAndOtherLiabilitiesNoncurrent $514.00M USD Point-in-time
Other noncurrent liabilities and deferred credits DeferredCreditsAndOtherLiabilitiesNoncurrent $486.00M USD Point-in-time
Total liabilities Liabilities $7.67B USD Point-in-time
Total liabilities Liabilities $8.17B USD Point-in-time
CONTINGENCIES AND COMMITMENTS (Q) CommitmentsAndContingencies - USD Point-in-time
CONTINGENCIES AND COMMITMENTS (Q) CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $2.00M USD Point-in-time
Common stock CommonStockValue $2.00M USD Point-in-time
Additional capital AdditionalPaidInCapitalCommonStock $9.18B USD Point-in-time
Additional capital AdditionalPaidInCapitalCommonStock $9.17B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-570.00M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-939.00M USD Point-in-time
Accumulated other comprehensive loss (G) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.39B USD Point-in-time
Accumulated other comprehensive loss (G) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.54B USD Point-in-time
Total Alcoa Corporation shareholders equity StockholdersEquity $5.08B USD Point-in-time
Total Alcoa Corporation shareholders equity StockholdersEquity $4.84B USD Point-in-time
Noncontrolling interest MinorityInterest $1.62B USD Point-in-time
Noncontrolling interest MinorityInterest $1.51B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.30B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.28B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.29B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.26B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.46B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.59B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $14.13B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $14.76B USD Point-in-time
Income Statement 66 line items
Line Item Tag Value Unit Period
Sales (E) RevenueFromContractWithCustomerExcludingAssessedTax $6.94B USD 2 Qtrs
Sales (E) RevenueFromContractWithCustomerExcludingAssessedTax $5.35B USD 2 Qtrs
Sales (E) RevenueFromContractWithCustomerExcludingAssessedTax $3.64B USD 1 Quarter
Sales (E) RevenueFromContractWithCustomerExcludingAssessedTax $2.68B USD 1 Quarter
Cost of goods sold (exclusive of expenses below) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $2.52B USD 1 Quarter
Cost of goods sold (exclusive of expenses below) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $2.77B USD 1 Quarter
Cost of goods sold (exclusive of expenses below) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $4.95B USD 2 Qtrs
Cost of goods sold (exclusive of expenses below) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $4.92B USD 2 Qtrs
Selling, general administrative, and other expenses SellingGeneralAndAdministrativeExpense $52.00M USD 1 Quarter
Selling, general administrative, and other expenses SellingGeneralAndAdministrativeExpense $52.00M USD 1 Quarter
Selling, general administrative, and other expenses SellingGeneralAndAdministrativeExpense $106.00M USD 2 Qtrs
Selling, general administrative, and other expenses SellingGeneralAndAdministrativeExpense $96.00M USD 2 Qtrs
Research and development expenses ResearchAndDevelopmentExpense $7.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $6.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $16.00M USD 2 Qtrs
Research and development expenses ResearchAndDevelopmentExpense $16.00M USD 2 Qtrs
Provision for depreciation, depletion, and amortization DepreciationDepletionAndAmortization $321.00M USD 2 Qtrs
Provision for depreciation, depletion, and amortization DepreciationDepletionAndAmortization $306.00M USD 2 Qtrs
Provision for depreciation, depletion, and amortization DepreciationDepletionAndAmortization $153.00M USD 1 Quarter
Provision for depreciation, depletion, and amortization DepreciationDepletionAndAmortization $161.00M USD 1 Quarter
Restructuring and other charges, net (D) RestructuringAndOtherChargesBenefitNet $24.00M USD 1 Quarter
Restructuring and other charges, net (D) RestructuringAndOtherChargesBenefitNet $50.00M USD 2 Qtrs
Restructuring and other charges, net (D) RestructuringAndOtherChargesBenefitNet $-75.00M USD 1 Quarter
Restructuring and other charges, net (D) RestructuringAndOtherChargesBenefitNet $173.00M USD 2 Qtrs
Interest expense InterestExpense $27.00M USD 1 Quarter
Interest expense InterestExpense $55.00M USD 2 Qtrs
Interest expense InterestExpense $30.00M USD 1 Quarter
Interest expense InterestExpense $53.00M USD 2 Qtrs
Other expenses (income), net (R) NonoperatingIncomeExpense $-60.00M USD 2 Qtrs
Other expenses (income), net (R) NonoperatingIncomeExpense $-6.00M USD 1 Quarter
Other expenses (income), net (R) NonoperatingIncomeExpense $220.00M USD 2 Qtrs
Other expenses (income), net (R) NonoperatingIncomeExpense $206.00M USD 1 Quarter
Total costs and expenses CostsAndOperatingExpensesAndNonoperatingIncomeExpenses $2.74B USD 1 Quarter
Total costs and expenses CostsAndOperatingExpensesAndNonoperatingIncomeExpenses $5.63B USD 2 Qtrs
Total costs and expenses CostsAndOperatingExpensesAndNonoperatingIncomeExpenses $2.78B USD 1 Quarter
Total costs and expenses CostsAndOperatingExpensesAndNonoperatingIncomeExpenses $5.27B USD 2 Qtrs
(Loss) income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-279.00M USD 2 Qtrs
(Loss) income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-99.00M USD 1 Quarter
(Loss) income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.67B USD 2 Qtrs
(Loss) income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $908.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $22.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $444.00M USD 2 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $234.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $74.00M USD 2 Qtrs
Net (loss) income ProfitLoss $1.23B USD 2 Qtrs
Net (loss) income ProfitLoss $-353.00M USD 2 Qtrs
Net (loss) income ProfitLoss $-121.00M USD 1 Quarter
Net (loss) income ProfitLoss $-232.00M USD 1 Quarter
Net (loss) income ProfitLoss $553.00M USD 1 Quarter
Net (loss) income ProfitLoss $674.00M USD 1 Quarter
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-19.00M USD 1 Quarter
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $125.00M USD 1 Quarter
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-20.00M USD 2 Qtrs
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $209.00M USD 2 Qtrs
NET (LOSS) INCOME ATTRIBUTABLE TO ALCOA CORPORATION NetIncomeLoss $-333.00M USD 2 Qtrs
NET (LOSS) INCOME ATTRIBUTABLE TO ALCOA CORPORATION NetIncomeLoss $549.00M USD 1 Quarter
NET (LOSS) INCOME ATTRIBUTABLE TO ALCOA CORPORATION NetIncomeLoss $1.02B USD 2 Qtrs
NET (LOSS) INCOME ATTRIBUTABLE TO ALCOA CORPORATION NetIncomeLoss $-102.00M USD 1 Quarter
Basic EarningsPerShareBasic $-0.57 USD 1 Quarter
Basic EarningsPerShareBasic $5.55 USD 2 Qtrs
Basic EarningsPerShareBasic $-1.87 USD 2 Qtrs
Basic EarningsPerShareBasic $3.01 USD 1 Quarter
Diluted EarningsPerShareDiluted $2.95 USD 1 Quarter
Diluted EarningsPerShareDiluted $-1.87 USD 2 Qtrs
Diluted EarningsPerShareDiluted $5.44 USD 2 Qtrs
Diluted EarningsPerShareDiluted $-0.57 USD 1 Quarter
Cash Flow Statement 90 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $1.23B USD 2 Qtrs
Net (loss) income ProfitLoss $-353.00M USD 2 Qtrs
Net (loss) income ProfitLoss $-121.00M USD 1 Quarter
Net (loss) income ProfitLoss $-232.00M USD 1 Quarter
Net (loss) income ProfitLoss $553.00M USD 1 Quarter
Net (loss) income ProfitLoss $674.00M USD 1 Quarter
Depreciation, depletion, and amortization DepreciationDepletionAndAmortization $321.00M USD 2 Qtrs
Depreciation, depletion, and amortization DepreciationDepletionAndAmortization $306.00M USD 2 Qtrs
Depreciation, depletion, and amortization DepreciationDepletionAndAmortization $153.00M USD 1 Quarter
Depreciation, depletion, and amortization DepreciationDepletionAndAmortization $161.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $93.00M USD 2 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-36.00M USD 2 Qtrs
Equity loss (income), net of dividends IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $61.00M USD 2 Qtrs
Equity loss (income), net of dividends IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $-123.00M USD 2 Qtrs
Restructuring and other charges, net (D) RestructuringAndOtherChargesBenefitNet $24.00M USD 1 Quarter
Restructuring and other charges, net (D) RestructuringAndOtherChargesBenefitNet $50.00M USD 2 Qtrs
Restructuring and other charges, net (D) RestructuringAndOtherChargesBenefitNet $-75.00M USD 1 Quarter
Restructuring and other charges, net (D) RestructuringAndOtherChargesBenefitNet $173.00M USD 2 Qtrs
Net loss from investing activities - asset sales (R) GainLossOnDispositionOfAssets1 $-5.00M USD 2 Qtrs
Net loss from investing activities - asset sales (R) GainLossOnDispositionOfAssets1 $-19.00M USD 2 Qtrs
Net periodic pension benefit cost (M) DefinedBenefitPensionPlansNetPeriodicBenefitCost $2.00M USD 2 Qtrs
Net periodic pension benefit cost (M) DefinedBenefitPensionPlansNetPeriodicBenefitCost $28.00M USD 2 Qtrs
Stock-based compensation ShareBasedCompensation $20.00M USD 2 Qtrs
Stock-based compensation ShareBasedCompensation $21.00M USD 2 Qtrs
Loss (gain) on mark-to-market derivative financial contracts GainOnMarkToMarketDerivativeFinancialContracts $123.00M USD 2 Qtrs
Loss (gain) on mark-to-market derivative financial contracts GainOnMarkToMarketDerivativeFinancialContracts $-4.00M USD 2 Qtrs
Other OtherNoncashIncomeExpense $-28.00M USD 2 Qtrs
Other OtherNoncashIncomeExpense $-59.00M USD 2 Qtrs
Decrease (increase) in receivables IncreaseDecreaseInReceivables $153.00M USD 2 Qtrs
Decrease (increase) in receivables IncreaseDecreaseInReceivables $-71.00M USD 2 Qtrs
Decrease (increase) in inventories IncreaseDecreaseInInventories $-22.00M USD 2 Qtrs
Decrease (increase) in inventories IncreaseDecreaseInInventories $657.00M USD 2 Qtrs
Decrease in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-15.00M USD 2 Qtrs
Decrease in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-63.00M USD 2 Qtrs
(Decrease) increase in accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $98.00M USD 2 Qtrs
(Decrease) increase in accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $-277.00M USD 2 Qtrs
Decrease in accrued expenses IncreaseDecreaseInAccruedLiabilities $-103.00M USD 2 Qtrs
Decrease in accrued expenses IncreaseDecreaseInAccruedLiabilities $-48.00M USD 2 Qtrs
Decrease in taxes, including income taxes IncreaseDecreaseInAccruedTaxesPayable $-79.00M USD 2 Qtrs
Decrease in taxes, including income taxes IncreaseDecreaseInAccruedTaxesPayable $-146.00M USD 2 Qtrs
Pension contributions (M) PensionContributions $9.00M USD 2 Qtrs
Pension contributions (M) PensionContributions $9.00M USD 2 Qtrs
Increase in noncurrent assets IncreaseDecreaseInOtherNoncurrentAssets $66.00M USD 2 Qtrs
Increase in noncurrent assets IncreaseDecreaseInOtherNoncurrentAssets $71.00M USD 2 Qtrs
Decrease in noncurrent liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-104.00M USD 2 Qtrs
Decrease in noncurrent liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-59.00M USD 2 Qtrs
CASH (USED FOR) PROVIDED FROM OPERATIONS NetCashProvidedByUsedInOperatingActivities $-176.00M USD 2 Qtrs
CASH (USED FOR) PROVIDED FROM OPERATIONS NetCashProvidedByUsedInOperatingActivities $570.00M USD 2 Qtrs
Additions to debt AdditionsToLongTermDebtIssuedLessIssuanceDiscount $25.00M USD 2 Qtrs
Payments on debt RepaymentsOfLongTermDebt $16.00M USD 2 Qtrs
Proceeds from the exercise of employee stock options ProceedsFromStockOptionsExercised $22.00M USD 2 Qtrs
Proceeds from the exercise of employee stock options ProceedsFromStockOptionsExercised $1.00M USD 2 Qtrs
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $350.00M USD 2 Qtrs
Dividends paid on Alcoa common stock PaymentsOfDividendsCommonStock $36.00M USD 2 Qtrs
Dividends paid on Alcoa common stock PaymentsOfDividendsCommonStock $37.00M USD 2 Qtrs
Payments related to tax withholding on stock-based compensation awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $34.00M USD 2 Qtrs
Payments related to tax withholding on stock-based compensation awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $19.00M USD 2 Qtrs
Financial contributions for the divestiture of businesses (C) PaymentsForFinancialContributionsForTheDivestitureOfBusinesses $25.00M USD 2 Qtrs
Financial contributions for the divestiture of businesses (C) PaymentsForFinancialContributionsForTheDivestitureOfBusinesses $9.00M USD 2 Qtrs
Contributions from noncontrolling interest ProceedsFromMinorityShareholders $83.00M USD 2 Qtrs
Contributions from noncontrolling interest ProceedsFromMinorityShareholders $122.00M USD 2 Qtrs
Distributions to noncontrolling interest PaymentsOfDividendsMinorityInterest $22.00M USD 2 Qtrs
Distributions to noncontrolling interest PaymentsOfDividendsMinorityInterest $245.00M USD 2 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $1.00M USD 2 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $-3.00M USD 2 Qtrs
CASH PROVIDED FROM (USED FOR) FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $-558.00M USD 2 Qtrs
CASH PROVIDED FROM (USED FOR) FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $16.00M USD 2 Qtrs
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $181.00M USD 2 Qtrs
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $198.00M USD 2 Qtrs
Proceeds from the sale of assets ProceedsFromSaleOfPropertyPlantAndEquipment $4.00M USD 2 Qtrs
Proceeds from the sale of assets ProceedsFromSaleOfPropertyPlantAndEquipment $2.00M USD 2 Qtrs
Additions to investments PaymentsToAcquireInvestments $36.00M USD 2 Qtrs
Additions to investments PaymentsToAcquireInvestments $21.00M USD 2 Qtrs
Sale of investments ProceedsFromSaleOfInvestmentProjects $10.00M USD 2 Qtrs
Other PaymentsForProceedsFromOtherInvestingActivities $-10.00M USD 2 Qtrs
Other PaymentsForProceedsFromOtherInvestingActivities $-2.00M USD 2 Qtrs
CASH USED FOR INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-222.00M USD 2 Qtrs
CASH USED FOR INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-186.00M USD 2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-2.00M USD 2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.00M USD 2 Qtrs
Net change in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-176.00M USD 2 Qtrs
Net change in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-377.00M USD 2 Qtrs
Cash and cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.75B USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.47B USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.92B USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.10B USD Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.75B USD Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.47B USD Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.92B USD Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.10B USD Point-in-time
Stockholders Equity 51 line items
Line Item Tag Value Unit Period
Common stock dividends per share CommonStockDividendsPerShareCashPaid $0.10 USD 1 Quarter
Common stock dividends per share CommonStockDividendsPerShareCashPaid $0.10 USD 1 Quarter
Common stock dividends per share CommonStockDividendsPerShareCashPaid $0.10 USD 1 Quarter
Common stock dividends per share CommonStockDividendsPerShareCashPaid $0.10 USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.30B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.28B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.29B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.26B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.46B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.59B USD Point-in-time
Net (loss) income ProfitLoss $1.23B USD 2 Qtrs
Net (loss) income ProfitLoss $-353.00M USD 2 Qtrs
Net (loss) income ProfitLoss $-121.00M USD 1 Quarter
Net (loss) income ProfitLoss $-232.00M USD 1 Quarter
Net (loss) income ProfitLoss $553.00M USD 1 Quarter
Net (loss) income ProfitLoss $674.00M USD 1 Quarter
Other comprehensive (loss) income (G) OtherComprehensiveIncomeLossNetOfTax $306.00M USD 2 Qtrs
Other comprehensive (loss) income (G) OtherComprehensiveIncomeLossNetOfTax $-101.00M USD 1 Quarter
Other comprehensive (loss) income (G) OtherComprehensiveIncomeLossNetOfTax $270.00M USD 1 Quarter
Other comprehensive (loss) income (G) OtherComprehensiveIncomeLossNetOfTax $169.00M USD 2 Qtrs
Other comprehensive (loss) income (G) OtherComprehensiveIncomeLossNetOfTax $688.00M USD 1 Quarter
Other comprehensive (loss) income (G) OtherComprehensiveIncomeLossNetOfTax $-382.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $11.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $10.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $9.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $11.00M USD 1 Quarter
Net effect of tax withholding for compensation plans and exercise of stock options NetEffectOfTaxWithholdingShareBasedCompensationArrangementAndStockOptionsExercised $2.00M USD 1 Quarter
Net effect of tax withholding for compensation plans and exercise of stock options NetEffectOfTaxWithholdingShareBasedCompensationArrangementAndStockOptionsExercised $-33.00M USD 1 Quarter
Net effect of tax withholding for compensation plans and exercise of stock options NetEffectOfTaxWithholdingShareBasedCompensationArrangementAndStockOptionsExercised $1.00M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $75.00M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $275.00M USD 1 Quarter
Dividends paid on Alcoa common stock DividendsCommonStock $18.00M USD 1 Quarter
Dividends paid on Alcoa common stock DividendsCommonStock $18.00M USD 1 Quarter
Dividends paid on Alcoa common stock DividendsCommonStock $18.00M USD 1 Quarter
Dividends paid on Alcoa common stock DividendsCommonStock $19.00M USD 1 Quarter
Contributions MinorityInterestIncreaseDecreaseFromCapitalContributionFromNoncontrollingInterestHolders $36.00M USD 1 Quarter
Contributions MinorityInterestIncreaseDecreaseFromCapitalContributionFromNoncontrollingInterestHolders $37.00M USD 1 Quarter
Contributions MinorityInterestIncreaseDecreaseFromCapitalContributionFromNoncontrollingInterestHolders $46.00M USD 1 Quarter
Contributions MinorityInterestIncreaseDecreaseFromCapitalContributionFromNoncontrollingInterestHolders $86.00M USD 1 Quarter
Distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $16.00M USD 1 Quarter
Distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $83.00M USD 1 Quarter
Distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $6.00M USD 1 Quarter
Distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $162.00M USD 1 Quarter
Other StockholdersEquityOther $1.00M USD 1 Quarter
Other StockholdersEquityOther $1.00M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.30B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.28B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.29B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.26B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.46B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.59B USD Point-in-time
Comprehensive Income 73 line items
Line Item Tag Value Unit Period
NET (LOSS) INCOME ATTRIBUTABLE TO ALCOA CORPORATION NetIncomeLoss $-333.00M USD 2 Qtrs
NET (LOSS) INCOME ATTRIBUTABLE TO ALCOA CORPORATION NetIncomeLoss $549.00M USD 1 Quarter
NET (LOSS) INCOME ATTRIBUTABLE TO ALCOA CORPORATION NetIncomeLoss $1.02B USD 2 Qtrs
NET (LOSS) INCOME ATTRIBUTABLE TO ALCOA CORPORATION NetIncomeLoss $-102.00M USD 1 Quarter
Net income, Noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-19.00M USD 1 Quarter
Net income, Noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $125.00M USD 1 Quarter
Net income, Noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-20.00M USD 2 Qtrs
Net income, Noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $209.00M USD 2 Qtrs
Net (loss) income ProfitLoss $1.23B USD 2 Qtrs
Net (loss) income ProfitLoss $-353.00M USD 2 Qtrs
Net (loss) income ProfitLoss $-121.00M USD 1 Quarter
Net (loss) income ProfitLoss $-232.00M USD 1 Quarter
Net (loss) income ProfitLoss $553.00M USD 1 Quarter
Net (loss) income ProfitLoss $674.00M USD 1 Quarter
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits, Alcoa Corporation OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $10.00M USD 1 Quarter
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits, Alcoa Corporation OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $52.00M USD 1 Quarter
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits, Alcoa Corporation OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $74.00M USD 2 Qtrs
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits, Alcoa Corporation OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $14.00M USD 2 Qtrs
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits, Noncontrolling interest OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $-2.00M USD 1 Quarter
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits, Noncontrolling interest OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $-2.00M USD 2 Qtrs
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits, Noncontrolling interest OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $1.00M USD 2 Qtrs
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $52.00M USD 1 Quarter
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $8.00M USD 1 Quarter
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $75.00M USD 2 Qtrs
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $12.00M USD 2 Qtrs
Foreign currency translation adjustments, Alcoa Corporation OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-44.00M USD 2 Qtrs
Foreign currency translation adjustments, Alcoa Corporation OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $25.00M USD 1 Quarter
Foreign currency translation adjustments, Alcoa Corporation OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-370.00M USD 1 Quarter
Foreign currency translation adjustments, Alcoa Corporation OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $27.00M USD 2 Qtrs
Foreign currency translation adjustments, Noncontrolling interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $-34.00M USD 2 Qtrs
Foreign currency translation adjustments, Noncontrolling interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $11.00M USD 1 Quarter
Foreign currency translation adjustments, Noncontrolling interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $-132.00M USD 1 Quarter
Foreign currency translation adjustments, Noncontrolling interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $26.00M USD 2 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-78.00M USD 2 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $36.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-502.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $53.00M USD 2 Qtrs
Net change in unrecognized gains/losses on cash flow hedges, Alcoa Corporation OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $226.00M USD 1 Quarter
Net change in unrecognized gains/losses on cash flow hedges, Alcoa Corporation OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $307.00M USD 2 Qtrs
Net change in unrecognized gains/losses on cash flow hedges, Alcoa Corporation OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $1.14B USD 1 Quarter
Net change in unrecognized gains/losses on cash flow hedges, Alcoa Corporation OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $104.00M USD 2 Qtrs
Net change in unrecognized gains/losses on cash flow hedges, Noncontrolling interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest $2.00M USD 2 Qtrs
Net change in unrecognized gains/losses on cash flow hedges, Noncontrolling interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest $1.00M USD 1 Quarter
Net change in unrecognized gains/losses on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $104.00M USD 2 Qtrs
Net change in unrecognized gains/losses on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $226.00M USD 1 Quarter
Net change in unrecognized gains/losses on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $1.14B USD 1 Quarter
Net change in unrecognized gains/losses on cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $309.00M USD 2 Qtrs
Total Other comprehensive income (loss), net of tax, Alcoa Corporation OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $145.00M USD 2 Qtrs
Total Other comprehensive income (loss), net of tax, Alcoa Corporation OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $819.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax, Alcoa Corporation OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $261.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax, Alcoa Corporation OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $337.00M USD 2 Qtrs
Total Other comprehensive income (loss), net of tax, Noncontrolling interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $24.00M USD 2 Qtrs
Total Other comprehensive income (loss), net of tax, Noncontrolling interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $-131.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax, Noncontrolling interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $9.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax, Noncontrolling interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $-31.00M USD 2 Qtrs
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $306.00M USD 2 Qtrs
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-101.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $270.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $169.00M USD 2 Qtrs
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $688.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-382.00M USD 1 Quarter
Comprehensive income (loss), Alcoa Corporation ComprehensiveIncomeNetOfTax $-188.00M USD 2 Qtrs
Comprehensive income (loss), Alcoa Corporation ComprehensiveIncomeNetOfTax $1.37B USD 1 Quarter
Comprehensive income (loss), Alcoa Corporation ComprehensiveIncomeNetOfTax $159.00M USD 1 Quarter
Comprehensive income (loss), Alcoa Corporation ComprehensiveIncomeNetOfTax $1.35B USD 2 Qtrs
Comprehensive income (loss), Noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-10.00M USD 1 Quarter
Comprehensive income (loss), Noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-6.00M USD 1 Quarter
Comprehensive income (loss), Noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $4.00M USD 2 Qtrs
Comprehensive income (loss), Noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $178.00M USD 2 Qtrs
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $149.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.53B USD 2 Qtrs
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-184.00M USD 2 Qtrs
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.36B USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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