← KAISER ALUMINUM 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 | — | — | — | — | — | — | ($29.6m) | $67.8m | $65.7m | $112.5m | |
| Net Income (Loss) Attributable to Parent | $91.7m | $45.4m | $91.7m | $62.0m | $28.8m | ($18.5m) | ($29.6m) | $47.2m | $46.8m | $112.5m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | — | ($29.6m) | $47.1m | $46.8m | $112.5m | |
| Depreciation, Depletion and Amortization | $36.0m | $39.7m | $43.9m | $49.1m | $52.2m | $91.5m | $106.9m | $108.6m | $116.4m | $122.5m | |
| Amortization of Debt Issuance Costs and Discounts | $1.1m | $1.2m | $1.0m | $1.2m | $2.0m | $2.1m | $2.3m | $2.2m | $2.3m | $4.5m | |
| Amortization of Intangible Assets | $1.5m | $1.4m | $1.8m | $2.8m | $2.9m | $9.0m | $9.3m | $5.3m | $4.5m | $4.5m | |
| Depreciation | $34.5m | $38.3m | $42.1m | $46.3m | $49.3m | $82.5m | $97.6m | $103.3m | $111.9m | $118.0m | |
| Amortization Cash Flow | — | — | — | — | — | — | $9.3m | $5.3m | $4.5m | $4.5m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $9.3m | $5.3m | $4.5m | $4.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $106.9m | $108.6m | $116.4m | $122.5m | |
| Deferred Income Tax Expense (Benefit) | $53.7m | $88.7m | $36.0m | $24.4m | $21.2m | ($6.8m) | ($9.7m) | $10.5m | $9.0m | $35.2m | |
| Deferred Income Tax | — | — | — | — | — | — | ($12.0m) | $13.6m | $12.6m | $33.1m | |
| Deferred Tax | — | — | — | — | — | — | ($12.0m) | $13.6m | $12.6m | $33.1m | |
| Share-based Payment Arrangement, Noncash Expense | $11.8m | $13.3m | $10.3m | $9.8m | $10.0m | $12.9m | $14.3m | $16.1m | $14.4m | $18.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.9m | $4.5m | $6.9m | $6.2m | $4.3m | $2.6m | $2.8m | $1.8m | $2.1m | $3.0m | |
| Share-based Payment Arrangement, Expense | $11.7m | $13.1m | $10.1m | $9.7m | $9.6m | $12.6m | $13.7m | $15.4m | $13.8m | $18.0m | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | $18.4m | $0 | $25.2m | $0 | — | $20.5m | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | $0 | $0 | — | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | $3.1m | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $45.7m | $0 | $3.9m | $2.4m | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($200k) | $500k | $200k | $0 | ($200k) | $500k | $6.0m | $13.8m | $3.3m | $53.1m | |
| Gain (Loss) on Extinguishment of Debt | ($11.1m) | $0 | $0 | ($20.3m) | — | ($35.9m) | — | — | — | ($2.1m) | |
| Income (Loss) from Equity Method Investments | $0 | $0 | $0 | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $55.5m | $87.6m | $28.3m | $18.4m | $10.0m | ($5.5m) | ($8.3m) | $9.1m | $16.7m | $37.5m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $43.7m | $50.1m | |
| Other Nonoperating Income (Expense) | ($10.3m) | $4.5m | ($900k) | ($20.7m) | ($1.4m) | ($38.9m) | $6.4m | $7.4m | $19.5m | $11.3m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($13.1m) | $6.3m | $45.0m | ($37.5m) | ($25.6m) | $43.5m | $120.8m | ($48.2m) | — | $125.3m | |
| Asset Retirement Obligation, Accretion Expense | $500k | $400k | $400k | $500k | $500k | $600k | $700k | $800k | $900k | $1.0m | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | $2.0m | — | — | — | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | $700k | $700k | ($200k) | ($1.2m) | $600k | $300k | $500k | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($1.0m) | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | — | — | — | — | — | — | ($500k) | — | ($300k) | ($100k) | |
| Goodwill | $37.2m | $18.8m | $44.0m | $18.8m | $18.8m | $39.3m | $18.8m | $18.8m | $18.8m | $18.8m | |
| Inventory Write-down | $4.9m | $0 | $0 | — | — | — | — | — | $3.2m | $2.0m | |
| Investment Income, Interest | $100k | $200k | $300k | $600k | $600k | $200k | $1.3m | $1.7m | $3.6m | $800k | |
| Nonoperating Income (Expense) | — | — | — | — | ($1.4m) | ($38.9m) | $6.4m | $7.4m | $19.5m | $11.3m | |
| Payments of Financing Costs | $6.8m | $0 | $0 | $8.8m | $6.2m | $8.6m | $1.8m | — | — | — | |
| Proceeds from Stock Options Exercised | $1.2m | $0 | $0 | — | — | — | — | — | — | — | |
| Realized Investment Gains (Losses) | $800k | $3.4m | $6.1m | $4.4m | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | $18.7m | $19.4m | — | — | — | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $317.0m | $71.3m | $100.7m | $37.9m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($56.8m) | ($54.3m) | ($55.3m) | ($44.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($125.8m) | ($128.2m) | ($174.6m) | ($77.8m) | |
| Change In Account Payable | — | — | — | — | — | — | ($61.2m) | ($43.0m) | $14.1m | $15.1m | |
| Change In Accrued Expense | — | — | — | — | — | — | $4.4m | $6.6m | $9.9m | $13.4m | |
| Change In Inventory | — | — | — | — | — | — | ($142.8m) | $21.5m | ($50.4m) | ($125.3m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($10.3m) | ($11.5m) | $2.6m | ($16.1m) | |
| Change In Payable | — | — | — | — | — | — | ($61.2m) | ($43.0m) | $14.1m | $15.1m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($56.8m) | ($36.4m) | $24.0m | $28.5m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($1.5m) | ($2.8m) | ($9.6m) | $1.0m | |
| Change In Receivables | — | — | — | — | — | — | $19.6m | $33.2m | ($19.4m) | ($71.9m) | |
| Change In Working Capital | — | — | — | — | — | — | ($191.8m) | $4.0m | ($52.8m) | ($183.8m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $15.0m | $33.1m | ($4.5m) | ($81.9m) | |
| Changes In Cash | — | — | — | — | — | — | ($245.7m) | $29.4m | ($62.8m) | ($11.0m) | |
| End Cash Position | — | — | — | — | — | — | $71.3m | $100.7m | $37.9m | $26.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($56.8m) | ($54.3m) | ($55.3m) | ($44.6m) | |
| Free Cash Flow | — | — | — | — | — | — | ($205.6m) | $68.7m | ($13.7m) | ($25.5m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($6.0m) | ($13.8m) | ($3.3m) | ($7.1m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($125.8m) | ($128.2m) | ($174.6m) | ($77.8m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($609.2m) | $0 | $0 | — | — | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $11.0m | $15.2m | $6.0m | $53.1m | |
| Operating Gains Losses | — | — | — | — | — | — | $7.1m | ($400k) | $5.7m | $2.4m | |
| Other Non Cash Items | — | — | — | — | — | — | ($3.7m) | $2.2m | $1.2m | $3.8m | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | $13.1m | $13.4m | $9.0m | $9.5m | |
| Purchase Of Business | — | — | — | — | — | ($609.2m) | $0 | $0 | — | — | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | $0 | — | — | — | |
| Sale Of PPE | — | — | — | — | — | — | $11.0m | $15.2m | $6.0m | $53.1m | |
| Stock Based Compensation | — | — | — | — | — | — | $14.3m | $16.1m | $14.4m | $18.5m | |
| Other Operating Income (Expense), Net | ($2.8m) | ($800k) | ($1.4m) | ($900k) | $600k | — | ($3.2m) | — | ($400k) | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $164.3m | $141.5m | $150.2m | $232.3m | $206.9m | $79.4m | ($63.1m) | $211.9m | $167.1m | $111.4m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($142.5m) | ($143.2m) | ($180.8m) | ($136.9m) | |
| Capital Expenditure Reported | $76.1m | $75.5m | $74.1m | $60.2m | $51.9m | $58.0m | ($142.5m) | ($143.2m) | ($180.8m) | ($136.9m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $43.2m | $0 | — | $609.2m | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($300k) | ($200k) | $200k | $6.0m | |
| Purchase Of Investment | — | — | — | — | — | — | ($300k) | ($300k) | ($100k) | ($400k) | |
| Gain (Loss) on Sale of Investments | $0 | $2.3m | $2.9m | $900k | $700k | — | — | — | — | — | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $100k | $300k | $6.4m | |
| Net Cash Provided by (Used in) Investing Activities | ($276.4m) | ($25.5m) | $31.1m | ($101.8m) | $26.9m | ($665.8m) | ($125.8m) | ($128.2m) | ($174.6m) | ($77.8m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $0 | $215.1m | $0 | $1.2b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $215.1m | $0 | $1.2b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($2.1m) | ($2.1m) | ($2.5m) | $19.8m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($2.1m) | ($2.1m) | ($2.5m) | $19.8m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | — | — | |
| Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $215.1m | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($2.1m) | ($217.2m) | ($2.5m) | ($1.1b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($2.1m) | ($217.2m) | ($2.5m) | ($1.1b) | |
| Short Term Debt Payments | — | — | — | — | — | $0 | $0 | ($215.1m) | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | $0 | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | $33.3m | $79.5m | $60.7m | $44.2m | $12.5m | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $32.4m | $35.0m | $37.7m | $39.4m | $43.4m | $46.7m | $50.1m | $50.4m | $50.7m | $51.3m | |
| Common Stock Payments | — | — | — | — | — | $0 | $0 | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($50.1m) | ($50.4m) | ($50.7m) | ($51.3m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($50.1m) | ($50.4m) | ($50.7m) | ($51.3m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($4.6m) | ($1.8m) | ($2.1m) | ($13.1m) | |
| Net Cash Provided by (Used in) Financing Activities | $94.8m | ($119.4m) | ($106.0m) | $8.5m | $281.9m | $109.1m | ($56.8m) | ($54.3m) | ($55.3m) | ($44.6m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($16.0m) | ($3.4m) | $75.3m | $139.0m | $515.7m | ($477.3m) | ($245.7m) | $29.4m | ($62.8m) | ($11.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($16.0m) | $64.3m | $139.6m | $278.6m | $794.3m | $317.0m | $71.3m | $100.7m | $37.9m | $26.9m | |
| Cash, Cash Equivalents, and Short-term Investments | $55.2m | $51.1m | $125.6m | — | $780.3m | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($245.7m) | $29.4m | ($62.8m) | ($11.0m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $29.4m | $48.7m | $45.7m | $43.8m | $40.5m | $50.1m | |
| Income Taxes Paid, Net | — | — | — | $23.6m | — | — | — | — | — | $7.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.