← Alcoa Corp

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $38.0m ($773.0m) $24.0m $1.1b
Net Income (Loss) Attributable to Parent ($400.0m) $217.0m $227.0m ($1.1b) ($170.0m) $429.0m ($123.0m) ($651.0m) $60.0m $1.2b
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($346.0m) $559.0m $871.0m ($853.0m) ($14.0m) $570.0m $38.0m ($773.0m) $24.0m $1.1b
Net Income (Loss) Attributable to Noncontrolling Interest $54.0m $342.0m $644.0m $272.0m $156.0m $141.0m $161.0m ($122.0m) ($36.0m) ($38.0m)
Depreciation, Depletion and Amortization $718.0m $750.0m $733.0m $713.0m $653.0m $664.0m $617.0m $632.0m $642.0m $623.0m
Amortization of Intangible Assets $7.0m $12.0m $12.0m $19.0m $9.0m $11.0m $7.0m $5.0m $5.0m $6.0m
Other Depreciation and Amortization $718.0m $752.0m $733.0m $713.0m — — — — — —
Depreciation Amortization Depletion — — — — — — $617.0m $632.0m $642.0m $623.0m
Deferred Income Tax Expense (Benefit) ($46.0m) $176.0m ($36.0m) $15.0m ($26.0m) $147.0m $219.0m ($22.0m) $23.0m ($275.0m)
Deferred Income Tax — — — — — — $219.0m ($22.0m) $23.0m ($275.0m)
Deferred Tax — — — — — — $219.0m ($22.0m) $23.0m ($275.0m)
Share-based Payment Arrangement, Noncash Expense $28.0m $24.0m $35.0m $30.0m $25.0m $39.0m $40.0m $35.0m $36.0m $41.0m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — $19.0m $34.0m $15.0m $8.0m
Goodwill, Impairment Loss — $0 — — — — — — — $144.0m
Asset Impairment Charge — — — — — — — $0 $0 $144.0m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — — — — — — ($10.0m) ($14.0m) ($37.0m) ($5.0m)
Gain (Loss) on Disposition of Assets $164.0m $116.0m — $3.0m $173.0m $354.0m ($10.0m) ($18.0m) ($37.0m) $784.0m
Gain (Loss) on Disposition of Business $3.0m — — — — — — — — —
Gain (Loss) on Extinguishment of Debt — — — — — ($43.0m) — — — —
Income (Loss) from Equity Method Investments $28.0m $62.0m $51.0m $21.0m $20.0m ($138.0m) $4.0m $201.0m ($2.0m) $10.0m
Income Tax Expense (Benefit) $184.0m $600.0m $726.0m $415.0m $187.0m $629.0m $664.0m $189.0m $265.0m ($55.0m)
Other Nonoperating Income (Expense) $12.0m $2.0m $10.0m $16.0m $4.0m $11.0m $50.0m $62.0m $54.0m $79.0m
Earnings (Loss)es From Equity Investments — — — — — — $4.0m $201.0m ($2.0m) $10.0m
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions ($48.0m) ($9.0m) ($17.0m) ($21.0m) ($20.0m) $138.0m ($4.0m) ($201.0m) $2.0m ($10.0m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories ($1.0m) $238.0m $278.0m ($137.0m) ($122.0m) $639.0m $547.0m ($243.0m) ($51.0m) $57.0m
Asset Retirement Obligation, Accretion Expense $19.0m $17.0m $17.0m $22.0m $21.0m $20.0m $20.0m $33.0m $38.0m $40.0m
Environmental Remediation Expense $26.0m $8.0m $2.0m $69.0m $1.0m $15.0m $21.0m $27.0m $5.0m $38.0m
Foreign Currency Transaction Gain (Loss), before Tax ($8.0m) ($8.0m) $57.0m ($16.0m) ($20.0m) ($3.0m) ($9.0m) $64.0m ($126.0m) ($2.0m)
Goodwill $989.0m $989.0m $989.0m $150.0m $145.0m $144.0m $145.0m $146.0m $142.0m $0
Marketable Securities, Unrealized Gain (Loss) — — — — — — — $0 $0 $197.0m
Nonoperating Income (Expense) $89.0m $58.0m ($64.0m) ($162.0m) ($8.0m) $445.0m $118.0m ($134.0m) ($91.0m) $1.1b
Proceeds from Stock Options Exercised $10.0m $43.0m $23.0m $2.0m $1.0m $25.0m $22.0m $1.0m $0 $0
Unrealized Gain (Loss) on Derivatives ($9.0m) ($24.0m) $25.0m $1.0m ($11.0m) $25.0m $174.0m ($5.0m) $58.0m $83.0m
Beginning Cash Position — — — — — — $1.9b $1.5b $1.0b $1.2b
Cash Flow From Continuing Financing Activities — — — — — — ($768.0m) $57.0m $201.0m ($261.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($495.0m) ($585.0m) ($608.0m) ($502.0m)
Change In Account Payable — — — — — — $189.0m ($74.0m) $190.0m $63.0m
Change In Accrued Expense — — — — — — ($173.0m) ($133.0m) ($108.0m) ($203.0m)
Change In Income Tax Payable — — — — — — ($152.0m) ($146.0m) $95.0m ($42.0m)
Change In Inventory — — — — — — ($547.0m) $243.0m $51.0m ($57.0m)
Change In Other Current Assets — — — — — — ($87.0m) ($210.0m) ($4.0m) ($107.0m)
Change In Other Current Liabilities — — — — — — ($63.0m) ($93.0m) ($162.0m) ($294.0m)
Change In Other Working Capital — — — — — $301.0m ($152.0m) — — —
Change In Payable — — — — — — $37.0m ($220.0m) $285.0m $21.0m
Change In Payables And Accrued Expense — — — — — — ($136.0m) ($353.0m) $177.0m ($182.0m)
Change In Prepaid Assets — — — — — — $44.0m $39.0m ($68.0m) $113.0m
Change In Receivables — — — — — — ($59.0m) $104.0m ($493.0m) $71.0m
Change In Tax Payable — — — — — — ($152.0m) ($146.0m) $95.0m ($42.0m)
Change In Working Capital — — — — — — ($848.0m) ($270.0m) ($499.0m) ($456.0m)
Changes In Cash — — — — — — ($441.0m) ($437.0m) $215.0m $422.0m
End Cash Position — — — — — — $1.5b $1.0b $1.2b $1.7b
Financing Cash Flow — — — — — — ($768.0m) $57.0m $201.0m ($261.0m)
Free Cash Flow — — — — — — $342.0m ($440.0m) $42.0m $567.0m
Gain Loss On Investment Securities — — — — — — ($44.0m) $26.0m ($8.0m) ($232.0m)
Investing Cash Flow — — — — — — ($495.0m) ($585.0m) ($608.0m) ($502.0m)
Operating Gains Losses — — — — — — $24.0m $251.0m $37.0m ($988.0m)
Other Non Cash Items — — — — — — $732.0m $238.0m $359.0m $977.0m
Pension And Employee Benefit Expense — — — — — — $54.0m $6.0m $10.0m $18.0m
Proceeds From Stock Option Exercised — — — — — — $22.0m $1.0m $0 $0
Repurchase Of Capital Stock — — — — — ($150.0m) ($500.0m) $0 $0 —
Stock Based Compensation — — — — — — $40.0m $35.0m $36.0m $41.0m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement $66.0m $111.0m $341.0m $74.0m $44.0m $994.0m $54.0m $6.0m $10.0m $18.0m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment $66.0m $111.0m ($23.0m) ($119.0m) ($58.0m) ($977.0m) ($632.0m) ($21.0m) $1.0m $1.0m
Net Cash Provided by (Used in) Operating Activities ($311.0m) $1.2b $448.0m $686.0m $394.0m $920.0m $822.0m $91.0m $622.0m $1.2b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $404.0m $405.0m $399.0m $379.0m $353.0m $390.0m $480.0m $531.0m $580.0m $618.0m
Capital Expenditure Reported $404.0m $405.0m $399.0m $379.0m $353.0m $390.0m ($480.0m) ($531.0m) ($580.0m) ($618.0m)
Payments to Acquire Investments $3.0m $66.0m $7.0m $112.0m $12.0m $11.0m $32.0m $70.0m $37.0m $59.0m
Net Investment Purchase And Sale — — — — — — ($22.0m) ($70.0m) ($37.0m) $102.0m
Purchase Of Investment — — — — — — ($32.0m) ($70.0m) ($37.0m) ($59.0m)
Gain (Loss) on Sale of Investments — — — — — — — — — $789.0m
Sale Of Investment — — — — — — $10.0m $0 $0 $161.0m
Payments for (Proceeds from) Other Investing Activities — — — — — — ($2.0m) ($12.0m) ($6.0m) ($9.0m)
Net Other Investing Changes — — — — — — $7.0m $16.0m $9.0m $14.0m
Net Cash Provided by (Used in) Investing Activities ($149.0m) ($226.0m) ($405.0m) ($468.0m) ($167.0m) $565.0m ($495.0m) ($585.0m) ($608.0m) ($502.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — $21.0m $560.0m — — — — — — —
Issuance Of Debt — — — — — — $4.0m $127.0m $1.0b $1.0b
Long Term Debt Issuance — — — — — — $4.0m $127.0m $1.0b $1.0b
Net Issuance Payments Of Debt — — — — — — $3.0m $55.0m $353.0m ($164.0m)
Net Long Term Debt Issuance — — — — — — $3.0m $55.0m $353.0m ($164.0m)
Repayments of Long-term Debt $34.0m $60.0m $135.0m $7.0m $1.0m $1.3b $1.0m $72.0m $679.0m $1.2b
Long Term Debt Payments — — — — — — ($1.0m) ($72.0m) ($679.0m) ($1.2b)
Repayment Of Debt — — — — — — ($1.0m) ($72.0m) ($679.0m) ($1.2b)
Net Common Stock Issuance — — — — — ($150.0m) ($500.0m) $0 $0 —
Payments for Repurchase of Common Stock — — $50.0m — — $150.0m $500.0m — $0 —
Payments of Ordinary Dividends, Common Stock — — — — — $19.0m $72.0m $72.0m $89.0m $104.0m
Common Stock Payments — — — — — ($150.0m) ($500.0m) $0 $0 —
Proceeds from Noncontrolling Interests $48.0m $80.0m $149.0m $51.0m $24.0m $21.0m $214.0m $188.0m $65.0m $27.0m
Cash Dividends Paid — — — — — — ($72.0m) ($72.0m) ($90.0m) ($105.0m)
Common Stock Dividend Paid — — — — — — ($72.0m) ($72.0m) ($89.0m) ($104.0m)
Preferred Stock Dividend Paid — — — — — — $0 $0 ($1.0m) ($1.0m)
Proceeds from (Payments for) Other Financing Activities — ($8.0m) ($8.0m) ($6.0m) ($4.0m) ($4.0m) ($4.0m) $1.0m ($5.0m) ($3.0m)
Net Other Financing Charges — — — — — — ($221.0m) $73.0m ($62.0m) $8.0m
Net Cash Provided by (Used in) Financing Activities $749.0m ($506.0m) ($288.0m) ($444.0m) $514.0m ($1.2b) ($768.0m) $57.0m $201.0m ($261.0m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $13.0m $14.0m ($4.0m) ($7.0m) ($14.0m) ($13.0m) ($9.0m) $10.0m ($28.0m) $36.0m
Effect Of Exchange Rate Changes — — — — — — ($9.0m) $10.0m ($28.0m) $36.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $13.0m $14.0m ($249.0m) ($233.0m) $727.0m $314.0m ($450.0m) ($427.0m) $187.0m $458.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $13.0m $14.0m $1.1b $883.0m $1.6b $1.9b $1.5b $1.0b $1.2b $1.7b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($450.0m) ($427.0m) $187.0m $458.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities $226.0m $100.0m $111.0m $113.0m $135.0m $191.0m $100.0m $100.0m $132.0m $128.0m
Income Taxes Paid, Net $265.0m $363.0m $507.0m $732.0m $183.0m $152.0m $504.0m $319.0m $157.0m $167.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.