Alcoa (AA) Financials

$24.93 +0.18 (+0.73%)

Closing price 04/14/2025 03:58 PM Eastern

Extended Trading

$24.82 -0.11 (-0.46%)

As of 09:13 AM Eastern

Annual Income Statements for Alcoa

This table shows Alcoa's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-863	-400	279	250	-1,125	-170	429	-123	-651	60
Consolidated Net Income / (Loss)	-739	-346	608	893	-853	-14	570	38	-773	24
Net Income / (Loss) Continuing Operations	-739	-346	608	893	-853	-14	570	38	-773	24
Total Pre-Tax Income	-337	-162	1,200	1,625	-438	173	1,199	702	-584	289
Total Operating Income	-25	16	1,331	1,811	-155	327	949	690	-343	536
Total Gross Profit	2,160	1,441	2,702	3,350	1,896	1,317	2,999	2,239	738	1,851
Total Revenue	11,199	9,318	11,652	13,403	10,433	9,286	12,152	12,451	10,551	11,895
Operating Revenue	11,199	9,318	11,652	13,403	10,433	9,286	12,152	12,451	10,551	11,895
Total Cost of Revenue	9,039	7,877	8,950	10,053	8,537	7,969	9,153	10,212	9,813	10,044
Operating Cost of Revenue	9,039	7,877	8,950	10,053	8,537	7,969	9,153	10,212	9,813	10,044
Total Operating Expenses	2,185	1,425	1,371	1,539	2,051	990	2,050	1,549	1,081	1,315
Selling, General & Admin Expense	353	356	280	248	280	206	227	204	226	275
Research & Development Expense	69	33	32	31	27	27	31	32	39	57
Depreciation Expense	780	718	750	733	713	653	664	617	632	642
Restructuring Charge	983	318	309	527	1,031	104	1,128	696	184	341
Total Other Income / (Expense), net	-312	-178	-131	-186	-283	-154	250	12	-241	-247
Interest Expense	270	243	104	122	121	146	195	106	107	156
Other Income / (Expense), net	-42	65	-27	-64	-162	-8.00	445	118	-134	-91
Income Tax Expense	402	184	592	732	415	187	629	664	189	265
Net Income / (Loss) Attributable to Noncontrolling Interest	124	54	329	643	272	156	141	161	-122	-36
Basic Earnings per Share	($4.73)	($2.19)	$1.51	$1.34	($6.07)	($0.91)	$2.30	($0.68)	($3.65)	$0.26
Weighted Average Basic Shares Outstanding	182.47M	183M	184M	185.50M	185.92M	186.25M	185.40M	178.35M	179.56M	262.93M
Diluted Earnings per Share	($4.73)	($2.19)	$1.49	$1.33	($6.07)	($0.91)	$2.26	($0.68)	($3.65)	$0.26
Weighted Average Diluted Shares Outstanding	182.47M	183M	184M	185.50M	185.92M	186.25M	185.40M	178.35M	179.56M	262.93M
Weighted Average Basic & Diluted Shares Outstanding	182.47M	183M	184M	185.50M	185.92M	186.25M	185.40M	178.35M	179.56M	262.93M
Cash Dividends to Common per Share	-	-	-	-	-	-	$0.10	$0.10	$0.10	$0.10

This table shows Alcoa's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-746	-395	-231	-102	-168	-150	-252	20	90	202
Consolidated Net Income / (Loss)	-769	-420	-232	-121	-193	-227	-307	31	98	202
Net Income / (Loss) Continuing Operations	-769	-420	-232	-121	-193	-227	-307	31	98	202
Total Pre-Tax Income	-729	-240	-180	-99	-228	-77	-325	92	184	338
Total Operating Income	-669	-147	-100	-66	-117	-60	-239	110	240	425
Total Gross Profit	183	67	266	169	133	170	195	373	511	772
Total Revenue	2,851	2,663	2,670	2,684	2,602	2,595	2,599	2,906	2,904	3,486
Operating Revenue	2,851	2,663	2,670	2,684	2,602	2,595	2,599	2,906	2,904	3,486
Total Cost of Revenue	2,668	2,596	2,404	2,515	2,469	2,425	2,404	2,533	2,393	2,714
Operating Cost of Revenue	2,668	2,596	2,404	2,515	2,469	2,425	2,404	2,533	2,393	2,714
Total Operating Expenses	852	214	366	235	250	230	434	263	271	347
Selling, General & Admin Expense	44	64	54	52	56	64	60	69	66	80
Research & Development Expense	7.00	9.00	10	6.00	9.00	14	11	13	16	17
Depreciation Expense	149	147	153	153	163	163	161	163	159	159
Restructuring Charge	652	-6.00	149	24	22	-11	202	18	30	91
Total Other Income / (Expense), net	-60	-93	-80	-33	-111	-17	-86	-18	-56	-87
Interest Expense	25	26	26	27	26	28	27	40	44	45
Other Income / (Expense), net	-35	-67	-54	-6.00	-85	11	-59	22	-12	-42
Income Tax Expense	40	180	52	22	-35	150	-18	61	86	136
Basic Earnings per Share	($4.17)	($2.06)	($1.30)	($0.57)	($0.94)	($0.84)	($1.41)	$0.11	$0.39	$1.17
Weighted Average Basic Shares Outstanding	176.94M	178.35M	178.40M	178.45M	178.47M	179.56M	179.56M	262.38M	262.40M	262.93M
Diluted Earnings per Share	($4.17)	($1.95)	($1.30)	($0.57)	($0.94)	($0.84)	($1.41)	$0.11	$0.38	$1.18
Weighted Average Diluted Shares Outstanding	176.94M	178.35M	178.40M	178.45M	178.47M	179.56M	179.56M	262.38M	262.40M	262.93M
Weighted Average Basic & Diluted Shares Outstanding	176.94M	178.35M	178.40M	178.45M	178.47M	179.56M	179.56M	262.38M	262.40M	262.93M

This table details how cash moves in and out of Alcoa's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	291	302	492	-249	-233	727	314	-450	-427	187
Net Cash From Operating Activities	875	-311	1,224	448	686	394	920	822	91	622
Net Cash From Continuing Operating Activities	875	-311	1,224	448	686	389	920	822	91	622
Net Income / (Loss) Continuing Operations	-739	-346	608	893	-853	-14	570	38	-773	24
Consolidated Net Income / (Loss)	-739	-346	608	893	-853	-14	570	38	-773	24
Depreciation Expense	780	718	752	733	713	653	664	617	632	642
Non-Cash Adjustments To Reconcile Net Income	1,252	280	369	666	1,249	143	790	813	548	448
Changes in Operating Assets and Liabilities, net	-418	-963	-505	-1,844	-423	-393	-1,104	-646	-316	-492
Net Cash From Investing Activities	-384	-149	-226	-405	-468	-167	565	-495	-585	-608
Net Cash From Continuing Investing Activities	-384	-149	-226	-405	-468	-167	565	-495	-585	-608
Purchase of Property, Plant & Equipment	-391	-404	-405	-399	-379	-353	-390	-480	-531	-580
Purchase of Investments	-63	-3.00	-66	-7.00	-112	-12	-11	-32	-70	-37
Sale of Property, Plant & Equipment	70	112	245	1.00	23	198	966	5.00	4.00	3.00
Sale and/or Maturity of Investments	-	146	-	-	-	-	0.00	10	0.00	0.00
Other Investing Activities, net	-	-	-	-	-	0.00	0.00	2.00	12	6.00
Net Cash From Financing Activities	-162	749	-506	-288	-444	514	-1,158	-768	57	201
Net Cash From Continuing Financing Activities	-162	749	-506	-288	-444	514	-1,158	-768	57	201
Repayment of Debt	-24	-38	-68	-143	-13	-4.00	-1,297	-5.00	-71	-684
Repurchase of Common Equity	-	-	-	-50	0.00	0.00	-150	-500	0.00	0.00
Payment of Dividends	-106	-233	-342	-827	-472	-207	-234	-451	-102	-139
Issuance of Debt	-	1,228	28	560	0.00	739	495	4.00	127	1,032
Issuance of Common Equity	2.00	48	80	149	51	24	21	214	188	65
Other Financing Activities, net	-34	-256	-204	23	-10	-38	7.00	-30	-85	-73
Other Net Changes in Cash	-	13	-	-	-7.00	-14	-13	-9.00	10	-28

This table details how cash moves in and out of Alcoa's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-207	-67	-223	-154	-67	17	408	38	-83	-176
Net Cash From Operating Activities	134	118	-163	-13	69	198	-223	287	143	415
Net Cash From Continuing Operating Activities	134	118	-163	-13	69	198	-223	287	143	415
Net Income / (Loss) Continuing Operations	-769	-420	-232	-121	-193	-227	-307	31	98	202
Consolidated Net Income / (Loss)	-769	-420	-232	-121	-193	-227	-307	31	98	202
Depreciation Expense	149	147	153	153	163	163	161	163	159	159
Non-Cash Adjustments To Reconcile Net Income	740	126	301	100	102	45	271	-3.00	90	90
Changes in Operating Assets and Liabilities, net	14	265	-385	-145	-3.00	217	-348	96	-204	-36
Net Cash From Investing Activities	-138	-171	-102	-120	-166	-197	-117	-164	-153	-174
Net Cash From Continuing Investing Activities	-138	-171	-102	-120	-166	-197	-117	-164	-153	-174
Purchase of Property, Plant & Equipment	-128	-171	-83	-115	-145	-188	-101	-164	-146	-169
Purchase of Investments	-11	-	-20	-16	-15	-19	-17	-	-13	-7.00
Sale of Property, Plant & Equipment	1.00	-	1.00	1.00	-	2.00	1.00	1.00	-	1.00
Other Investing Activities, net	-	-	0.00	10	-6.00	8.00	0.00	-1.00	6.00	1.00
Net Cash From Financing Activities	-185	-25	40	-24	35	6.00	754	-75	-84	-394
Net Cash From Continuing Financing Activities	-185	-25	40	-24	35	6.00	754	-75	-84	-394
Repayment of Debt	-	-2.00	0.00	-15	-23	-33	-225	-54	-11	-394
Payment of Dividends	-92	-77	-24	-34	-20	-24	-25	-44	-43	-27
Issuance of Debt	-	4.00	25	-	55	47	965	24	-	43
Other Financing Activities, net	-10	-14	-47	-11	-19	-8.00	-22	-5.00	-30	-16
Other Net Changes in Cash	-18	11	2.00	3.00	-5.00	10	-6.00	-10	11	-23

This table presents Alcoa's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	16,413	16,741	17,447	16,132	14,631	14,860	15,025	14,756	14,155	14,064
Total Current Assets	2,566	3,181	4,238	4,328	3,530	4,520	5,026	5,250	4,405	4,914
Cash & Equivalents	557	853	1,358	1,113	879	1,607	1,814	1,363	944	1,138
Accounts Receivable	504	834	1,043	1,003	660	556	884	909	808	1,239
Inventories, net	1,172	1,160	1,453	1,819	1,644	1,398	1,956	2,427	2,158	1,998
Prepaid Expenses	333	283	271	320	288	290	358	417	466	514
Other Current Assets	-	51	113	73	59	21	14	134	29	25
Plant, Property, & Equipment, net	9,390	9,325	9,138	8,327	7,916	7,190	6,623	6,493	6,785	6,389
Total Noncurrent Assets	4,457	4,235	4,071	3,477	3,185	3,150	3,376	3,013	2,965	2,761
Long-Term Investments	1,472	1,358	1,410	1,360	1,113	1,051	1,199	1,122	979	980
Noncurrent Deferred & Refundable Income Taxes	589	741	814	560	642	655	506	296	333	284
Other Noncurrent Operating Assets	2,396	2,136	1,847	1,557	1,430	1,444	1,671	1,595	1,653	1,497
Total Liabilities & Shareholders' Equity	16,413	16,741	17,447	16,132	14,631	14,860	15,025	14,756	14,155	14,064
Total Liabilities	4,900	9,044	10,649	8,544	8,745	9,844	8,741	8,167	8,310	8,907
Total Current Liabilities	2,404	2,821	3,252	2,919	2,563	2,761	3,223	3,004	3,030	3,395
Short-Term Debt	18	21	16	1.00	1.00	2.00	1.00	1.00	79	75
Accounts Payable	1,379	1,455	1,898	1,663	1,484	1,403	1,674	1,757	1,714	1,805
Current Deferred & Payable Income Tax Liabilities	136	147	282	426	104	91	374	230	88	102
Current Employee Benefit Liabilities	313	456	459	400	413	395	383	335	357	362
Other Current Liabilities	558	742	597	429	561	628	791	681	792	1,051
Total Noncurrent Liabilities	2,496	6,223	7,397	5,625	6,182	7,083	5,518	5,163	5,280	5,512
Long-Term Debt	207	1,424	1,388	1,801	1,799	2,463	1,726	1,806	1,732	2,470
Asset Retirement Reserve & Litigation Obligation	207	868	875	765	902	918	887	937	974	873
Noncurrent Deferred Revenue	1,106	680	588	523	646	724	790	701	761	665
Noncurrent Employee Benefit Liabilities	976	3,017	3,441	2,275	2,254	2,236	1,067	693	721	668
Other Noncurrent Operating Liabilities	-	234	1,105	261	581	742	1,048	1,026	1,092	836
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	11,513	7,697	6,798	7,588	5,886	5,016	6,284	6,589	5,845	5,157
Total Preferred & Common Equity	9,442	5,654	4,523	5,618	4,112	3,311	4,672	5,076	4,251	5,157
Preferred Stock	-	-	-	-	-	-	-	-	0.00	0.00
Total Common Equity	9,442	5,654	4,523	5,618	4,112	3,311	4,672	5,076	4,251	5,157
Common Stock	-	9,533	9,592	9,613	9,641	9,665	9,579	9,185	9,189	11,590
Retained Earnings	-	-104	113	570	-555	-725	-315	-570	-1,293	-1,323
Accumulated Other Comprehensive Income / (Loss)	-1,600	-3,775	-5,182	-4,565	-4,974	-5,629	-4,592	-3,539	-3,645	-5,110
Noncontrolling Interest	2,071	2,043	2,275	1,970	1,774	1,705	1,612	1,513	1,594	0.00

This table presents Alcoa's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	14,885	14,369	14,128	13,917	14,328	14,307	14,542
Total Current Assets	5,350	4,946	4,670	4,365	4,881	4,903	4,866
Cash & Equivalents	1,432	1,138	990	926	1,358	1,396	1,313
Accounts Receivable	868	852	806	796	1,001	1,074	1,007
Inventories, net	2,400	2,395	2,400	2,190	2,048	1,975	2,096
Prepaid Expenses	443	455	381	420	452	420	445
Other Current Assets	207	106	93	33	22	38	5.00
Plant, Property, & Equipment, net	6,254	6,426	6,445	6,532	6,577	6,503	6,721
Plant, Property & Equipment, gross	19,019	19,649	19,814	19,836	19,959	19,999	20,535
Accumulated Depreciation	12,765	13,223	13,369	13,304	13,382	13,496	13,814
Total Noncurrent Assets	3,281	2,997	3,013	3,020	2,870	2,901	2,955
Long-Term Investments	1,223	1,051	1,034	1,004	969	989	982
Noncurrent Deferred & Refundable Income Taxes	417	340	320	395	295	311	329
Other Noncurrent Operating Assets	1,641	1,606	1,659	1,621	1,606	1,601	1,644
Total Liabilities & Shareholders' Equity	14,885	14,369	14,128	13,917	14,328	14,307	14,542
Total Liabilities	7,993	8,073	7,670	7,825	8,794	8,891	9,292
Total Current Liabilities	2,954	2,785	2,596	2,624	3,041	3,166	3,459
Short-Term Debt	1.00	1.00	1.00	1.00	79	79	464
Accounts Payable	1,590	1,489	1,491	1,472	1,586	1,619	1,544
Current Deferred & Payable Income Tax Liabilities	301	207	67	110	94	119	109
Current Employee Benefit Liabilities	329	332	340	337	331	358	363
Other Current Liabilities	733	756	697	704	951	991	979
Total Noncurrent Liabilities	5,039	5,288	5,074	5,201	5,753	5,725	5,833
Long-Term Debt	1,725	1,806	1,808	1,809	2,469	2,469	2,469
Asset Retirement Reserve & Litigation Obligation	873	952	932	1,055	915	890	971
Noncurrent Deferred Revenue	643	735	735	745	740	724	706
Noncurrent Employee Benefit Liabilities	986	679	687	665	704	691	680
Other Noncurrent Operating Liabilities	812	1,116	912	927	925	951	1,007
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,892	6,296	6,458	6,092	5,534	5,416	5,250
Total Preferred & Common Equity	5,371	4,690	4,842	4,509	3,994	3,899	5,250
Preferred Stock	-	-	-	-	-	-	0.00
Total Common Equity	5,371	4,690	4,842	4,509	3,994	3,899	5,250
Common Stock	9,173	9,164	9,175	9,181	9,186	9,198	11,490
Retained Earnings	-158	-819	-939	-1,125	-1,564	-1,562	-1,498
Accumulated Other Comprehensive Income / (Loss)	-3,644	-3,655	-3,394	-3,547	-3,628	-3,737	-4,742
Noncontrolling Interest	1,521	1,606	1,616	1,583	1,540	1,517	0.00

This table displays calculated financial ratios and metrics derived from Alcoa's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.82%	-16.80%	25.05%	15.03%	-22.16%	-10.99%	30.86%	2.46%	-15.26%	12.74%
EBITDA Growth	-40.58%	12.06%	157.32%	20.62%	-84.03%	145.45%	111.73%	-30.76%	-89.12%	601.29%
EBIT Growth	-127.24%	220.90%	1,509.88%	33.97%	-118.15%	200.63%	336.99%	-42.04%	-159.03%	193.29%
NOPAT Growth	-108.22%	164.00%	5,921.19%	47.58%	-110.90%	75.61%	1,804.87%	-91.72%	-742.83%	118.54%
Net Income Growth	-112.97%	53.18%	275.72%	46.88%	-195.52%	98.36%	4,171.43%	-93.33%	-2,134.21%	103.10%
EPS Growth	-237.86%	53.70%	168.04%	-10.74%	-556.39%	85.01%	348.35%	-130.09%	-436.76%	107.12%
Operating Cash Flow Growth	3.92%	-135.54%	493.57%	-63.40%	53.13%	-42.57%	133.50%	-10.65%	-88.93%	583.52%
Free Cash Flow Firm Growth	0.00%	128.68%	-22.15%	-122.46%	328.48%	12.21%	-110.38%	-574.36%	92.91%	411.61%
Invested Capital Growth	0.00%	-28.61%	-21.60%	27.29%	-17.68%	-22.43%	13.15%	18.27%	-3.01%	-2.60%
Revenue Q/Q Growth	0.00%	0.00%	5.78%	1.28%	-8.01%	-0.47%	8.46%	-5.16%	-0.64%	8.10%
EBITDA Q/Q Growth	0.00%	0.00%	21.73%	5.22%	-63.27%	53.07%	-5.86%	-11.71%	696.15%	64.95%
EBIT Q/Q Growth	0.00%	0.00%	38.28%	8.51%	-184.76%	1,129.03%	-8.11%	-17.47%	25.70%	3,323.08%
NOPAT Q/Q Growth	0.00%	0.00%	17.91%	34.76%	80.67%	-64.36%	-56.38%	-26.30%	20.23%	24.68%
Net Income Q/Q Growth	0.00%	0.00%	25.10%	35.51%	-214.76%	96.37%	-40.38%	-57.30%	19.98%	105.93%
EPS Q/Q Growth	0.00%	0.00%	-1.97%	291.18%	-45.91%	64.03%	-47.44%	13.92%	23.32%	114.77%
Operating Cash Flow Q/Q Growth	0.00%	37.42%	21.43%	21.74%	-28.47%	-36.25%	134.10%	-35.22%	727.27%	53.58%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-147.61%	1,058.46%	-14.11%	-110.51%	33.88%	79.97%	61.66%
Invested Capital Q/Q Growth	0.00%	0.00%	-22.28%	3.15%	-9.06%	-7.77%	8.94%	-0.87%	-4.00%	-5.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.29%	15.46%	23.19%	24.99%	18.17%	14.18%	24.68%	17.98%	6.99%	15.56%
EBITDA Margin	6.37%	8.57%	17.65%	18.50%	3.80%	10.47%	16.94%	11.44%	1.47%	9.14%
Operating Margin	-0.22%	0.17%	11.42%	13.51%	-1.49%	3.52%	7.81%	5.54%	-3.25%	4.51%
EBIT Margin	-0.60%	0.87%	11.19%	13.03%	-3.04%	3.44%	11.47%	6.49%	-4.52%	3.74%
Profit (Net Income) Margin	-6.60%	-3.71%	5.22%	6.66%	-8.18%	-0.15%	4.69%	0.31%	-7.33%	0.20%
Tax Burden Percent	219.29%	213.58%	50.67%	54.95%	194.75%	-8.09%	47.54%	5.41%	132.36%	8.30%
Interest Burden Percent	502.99%	-200.00%	92.02%	93.02%	138.17%	54.23%	86.01%	86.88%	122.43%	64.94%
Effective Tax Rate	0.00%	0.00%	49.33%	45.05%	0.00%	108.09%	52.46%	94.59%	0.00%	91.70%
Return on Invested Capital (ROIC)	-0.36%	0.13%	10.91%	16.12%	-1.72%	-0.52%	9.58%	0.68%	-4.12%	0.79%
ROIC Less NNEP Spread (ROIC-NNEP)	79.63%	27.93%	17.14%	26.16%	170.82%	-3.67%	-3.03%	0.62%	130.79%	-12.24%
Return on Net Nonoperating Assets (RNNOA)	-12.48%	-3.74%	-2.52%	-3.70%	-10.94%	0.27%	0.50%	-0.09%	-8.31%	-0.35%
Return on Equity (ROE)	-12.84%	-3.60%	8.39%	12.41%	-12.66%	-0.26%	10.09%	0.59%	-12.43%	0.44%
Cash Return on Invested Capital (CROIC)	-200.36%	33.52%	35.12%	-7.90%	17.68%	24.74%	-2.76%	-16.05%	-1.07%	3.42%
Operating Return on Assets (OROA)	-0.41%	0.49%	7.63%	10.41%	-2.06%	2.16%	9.33%	5.43%	-3.30%	3.15%
Return on Assets (ROA)	-4.50%	-2.09%	3.56%	5.32%	-5.55%	-0.09%	3.81%	0.26%	-5.35%	0.17%
Return on Common Equity (ROCE)	-10.53%	-2.83%	5.89%	8.75%	-9.14%	-0.17%	7.13%	0.45%	-9.33%	0.37%
Return on Equity Simple (ROE_SIMPLE)	-7.83%	-6.12%	13.44%	15.90%	-20.74%	-0.42%	12.20%	0.75%	-18.18%	0.47%
Net Operating Profit after Tax (NOPAT)	-18	11	674	995	-109	-26	451	37	-240	45
NOPAT Margin	-0.16%	0.12%	5.79%	7.43%	-1.04%	-0.29%	3.71%	0.30%	-2.28%	0.37%
Net Nonoperating Expense Percent (NNEP)	-79.99%	-27.80%	-6.23%	-10.05%	-172.54%	3.15%	12.61%	0.07%	-134.91%	13.02%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	0.44%	-3.14%	0.58%
Cost of Revenue to Revenue	80.71%	84.54%	76.81%	75.01%	81.83%	85.82%	75.32%	82.02%	93.01%	84.44%
SG&A Expenses to Revenue	3.15%	3.82%	2.40%	1.85%	2.68%	2.22%	1.87%	1.64%	2.14%	2.31%
R&D to Revenue	0.62%	0.35%	0.27%	0.23%	0.26%	0.29%	0.26%	0.26%	0.37%	0.48%
Operating Expenses to Revenue	19.51%	15.29%	11.77%	11.48%	19.66%	10.66%	16.87%	12.44%	10.25%	11.06%
Earnings before Interest and Taxes (EBIT)	-67	81	1,304	1,747	-317	319	1,394	808	-477	445
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	713	799	2,056	2,480	396	972	2,058	1,425	155	1,087
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.89	2.16	0.86	0.95	1.27	2.34	1.55	1.41	1.31
Price to Tangible Book Value (P/TBV)	0.00	0.89	2.16	0.86	0.95	1.27	2.34	1.55	1.41	1.31
Price to Revenue (P/Rev)	0.00	0.54	0.84	0.36	0.37	0.45	0.90	0.63	0.57	0.57
Price to Earnings (P/E)	0.00	0.00	34.97	19.41	0.00	0.00	25.49	0.00	0.00	112.30
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%	0.90%	1.19%	1.06%
Earnings Yield	0.00%	0.00%	2.86%	5.15%	0.00%	0.00%	3.92%	0.00%	0.00%	0.89%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.91	1.96	0.89	0.96	1.29	2.25	1.47	1.30	1.28
Enterprise Value to Revenue (EV/Rev)	0.00	0.68	0.92	0.46	0.53	0.61	0.93	0.70	0.71	0.60
Enterprise Value to EBITDA (EV/EBITDA)	0.00	7.89	5.19	2.48	13.86	5.87	5.47	6.10	48.23	6.59
Enterprise Value to EBIT (EV/EBIT)	0.00	77.82	8.18	3.52	0.00	17.89	8.08	10.76	0.00	16.10
Enterprise Value to NOPAT (EV/NOPAT)	0.00	562.79	15.82	6.18	0.00	0.00	24.96	232.74	0.00	160.97
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	8.72	13.73	8.00	14.48	12.24	10.58	82.14	11.52
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.26	4.91	0.00	4.93	4.56	0.00	0.00	0.00	37.03
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.02	0.19	0.21	0.24	0.31	0.49	0.27	0.27	0.31	0.49
Long-Term Debt to Equity	0.02	0.19	0.20	0.24	0.31	0.49	0.27	0.27	0.30	0.48
Financial Leverage	-0.16	-0.13	-0.15	-0.14	-0.06	-0.07	-0.17	-0.15	-0.06	0.03
Leverage Ratio	1.43	1.73	2.36	2.33	2.28	2.71	2.64	2.31	2.33	2.56
Compound Leverage Factor	7.17	-3.45	2.17	2.17	3.15	1.47	2.27	2.01	2.85	1.67
Debt to Total Capital	1.92%	15.81%	17.12%	19.19%	23.42%	32.95%	21.56%	21.52%	23.65%	33.04%
Short-Term Debt to Total Capital	0.15%	0.23%	0.20%	0.01%	0.01%	0.03%	0.01%	0.01%	1.03%	0.97%
Long-Term Debt to Total Capital	1.76%	15.58%	16.92%	19.18%	23.41%	32.92%	21.55%	21.51%	22.62%	32.07%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	17.64%	22.35%	27.74%	20.98%	23.08%	22.79%	20.12%	18.02%	20.82%	0.00%
Common Equity to Total Capital	80.44%	61.85%	55.15%	59.83%	53.50%	44.26%	58.32%	60.46%	55.53%	66.96%
Debt to EBITDA	0.32	1.81	0.68	0.73	4.55	2.54	0.84	1.27	11.68	2.34
Net Debt to EBITDA	-2.53	-0.96	-0.66	-0.27	-0.48	-0.20	-0.62	-0.48	-0.72	0.39
Long-Term Debt to EBITDA	0.29	1.78	0.68	0.73	4.54	2.53	0.84	1.27	11.17	2.27
Debt to NOPAT	-12.86	129.02	2.08	1.81	-16.59	-93.15	3.83	48.38	-7.54	57.18
Net Debt to NOPAT	103.09	-68.39	-2.02	-0.67	1.77	7.29	-2.85	-18.15	0.47	9.59
Long-Term Debt to NOPAT	-11.83	127.14	2.06	1.81	-16.58	-93.08	3.83	48.35	-7.21	55.49
Altman Z-Score	0.00	0.92	1.54	1.68	0.94	1.03	1.98	1.73	1.06	1.40
Noncontrolling Interest Sharing Ratio	17.99%	21.42%	29.79%	29.51%	27.79%	31.91%	29.35%	24.28%	24.99%	14.49%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.07	1.13	1.30	1.48	1.38	1.64	1.56	1.75	1.45	1.45
Quick Ratio	0.44	0.60	0.74	0.72	0.60	0.78	0.84	0.76	0.58	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-9,727	2,789	2,171	-488	1,115	1,251	-130	-876	-62	194
Operating Cash Flow to CapEx	272.59%	-106.51%	765.00%	112.56%	192.70%	254.19%	0.00%	173.05%	17.27%	107.80%
Free Cash Flow to Firm to Interest Expense	-36.02	11.48	20.88	-4.00	9.21	8.57	-0.67	-8.26	-0.58	1.24
Operating Cash Flow to Interest Expense	3.24	-1.28	11.77	3.67	5.67	2.70	4.72	7.75	0.85	3.99
Operating Cash Flow Less CapEx to Interest Expense	2.05	-2.48	10.23	0.41	2.73	1.64	7.67	3.27	-4.07	0.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.56	0.68	0.80	0.68	0.63	0.81	0.84	0.73	0.84
Accounts Receivable Turnover	22.22	13.93	12.42	13.10	12.55	15.27	16.88	13.89	12.29	11.62
Inventory Turnover	7.71	6.76	6.85	6.14	4.93	5.24	5.46	4.66	4.28	4.83
Fixed Asset Turnover	1.19	1.00	1.26	1.53	1.28	1.23	1.76	1.90	1.59	1.81
Accounts Payable Turnover	6.55	5.56	5.34	5.65	5.43	5.52	5.95	5.95	5.65	5.71
Days Sales Outstanding (DSO)	16.43	26.21	29.40	27.86	29.09	23.90	21.63	26.28	29.70	31.41
Days Inventory Outstanding (DIO)	47.33	54.03	53.28	59.40	74.03	69.67	66.87	78.33	85.27	75.51
Days Payable Outstanding (DPO)	55.68	65.66	68.37	64.65	67.28	66.12	61.35	61.32	64.55	63.94
Cash Conversion Cycle (CCC)	8.07	14.58	14.31	22.61	35.85	27.45	27.15	43.29	50.42	42.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,709	6,931	5,434	6,917	5,694	4,417	4,998	5,911	5,733	5,584
Invested Capital Turnover	2.31	1.12	1.88	2.17	1.65	1.84	2.58	2.28	1.81	2.10
Increase / (Decrease) in Invested Capital	9,709	-2,778	-1,497	1,483	-1,223	-1,277	581	913	-178	-149
Enterprise Value (EV)	0.00	6,303	10,667	6,151	5,489	5,707	11,261	8,693	7,475	7,165
Market Capitalization	0.00	5,026	9,756	4,852	3,907	4,195	10,935	7,858	5,993	6,738
Book Value per Share	$51.75	$30.92	$24.45	$30.12	$22.16	$17.81	$24.97	$28.69	$23.82	$19.65
Tangible Book Value per Share	$51.75	$30.92	$24.45	$30.12	$22.16	$17.81	$24.97	$28.69	$23.82	$19.65
Total Capital	11,738	9,142	8,202	9,390	7,686	7,481	8,011	8,396	7,656	7,702
Total Debt	225	1,445	1,404	1,802	1,800	2,465	1,727	1,807	1,811	2,545
Total Long-Term Debt	207	1,424	1,388	1,801	1,799	2,463	1,726	1,806	1,732	2,470
Net Debt	-1,804	-766	-1,364	-671	-192	-193	-1,286	-678	-112	427
Capital Expenditures (CapEx)	321	292	160	398	356	155	-576	475	527	577
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-377	-472	-356	297	89	154	-10	884	510	456
Debt-free Net Working Capital (DFNWC)	180	381	1,002	1,410	968	1,761	1,804	2,247	1,454	1,594
Net Working Capital (NWC)	162	360	986	1,409	967	1,759	1,803	2,246	1,375	1,519
Net Nonoperating Expense (NNE)	722	357	66	102	745	-12	-119	-0.65	533	21
Net Nonoperating Obligations (NNO)	-1,804	-766	-1,364	-671	-192	-599	-1,286	-678	-112	427
Total Depreciation and Amortization (D&A)	780	718	752	733	713	653	664	617	632	642
Debt-free, Cash-free Net Working Capital to Revenue	-3.37%	-5.07%	-3.06%	2.22%	0.85%	1.66%	-0.08%	7.10%	4.83%	3.83%
Debt-free Net Working Capital to Revenue	1.61%	4.09%	8.60%	10.52%	9.28%	18.96%	14.85%	18.05%	13.78%	13.40%
Net Working Capital to Revenue	1.45%	3.86%	8.46%	10.51%	9.27%	18.94%	14.84%	18.04%	13.03%	12.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($4.73)	($2.19)	$1.18	$1.22	($6.07)	($0.91)	$2.30	($0.68)	($3.65)	$0.26
Adjusted Weighted Average Basic Shares Outstanding	182.47M	184.20M	186.18M	185.50M	185.92M	186.25M	185.40M	178.35M	179.56M	262.93M
Adjusted Diluted Earnings per Share	($4.73)	($2.19)	$1.16	$1.20	($6.07)	($0.91)	$2.26	($0.68)	($3.65)	$0.26
Adjusted Weighted Average Diluted Shares Outstanding	182.47M	184.20M	186.18M	185.50M	185.92M	186.25M	185.40M	178.35M	179.56M	262.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($6.07)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	182.47M	184.20M	186.18M	185.50M	185.92M	186.25M	185.40M	178.35M	179.56M	262.93M
Normalized Net Operating Profit after Tax (NOPAT)	671	234	831	1,285	613	302	1,454	970	-111	614
Normalized NOPAT Margin	5.99%	2.51%	7.13%	9.59%	5.88%	3.25%	11.96%	7.79%	-1.05%	5.16%
Pre Tax Income Margin	-3.01%	-1.74%	10.30%	12.12%	-4.20%	1.86%	9.87%	5.64%	-5.54%	2.43%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.25	0.33	12.54	14.32	-2.62	2.18	7.15	7.62	-4.46	2.85
NOPAT to Interest Expense	-0.06	0.05	6.48	8.16	-0.90	-0.18	2.31	0.35	-2.24	0.29
EBIT Less CapEx to Interest Expense	-1.44	-0.87	11.00	11.06	-5.56	1.12	10.10	3.14	-9.38	-0.85
NOPAT Less CapEx to Interest Expense	-1.25	-1.16	4.95	4.90	-3.84	-1.24	5.27	-4.13	-7.17	-3.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-14.34%	-67.34%	56.25%	92.61%	-55.33%	-1,478.57%	41.05%	1,186.84%	-13.20%	579.17%
Augmented Payout Ratio	-14.34%	-67.34%	56.25%	98.21%	-55.33%	-1,478.57%	67.37%	2,502.63%	-13.20%	579.17%

This table displays calculated financial ratios and metrics derived from Alcoa's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.30%	-20.27%	-18.92%	-26.34%	-8.73%	-2.55%	-2.66%	8.27%	11.61%	34.34%
EBITDA Growth	-178.06%	-154.92%	-100.11%	-92.63%	92.97%	270.15%	-13,600.00%	264.20%	1,092.31%	375.44%
EBIT Growth	-226.85%	-397.67%	-119.54%	-107.68%	71.31%	77.10%	-93.51%	283.33%	212.87%	881.63%
NOPAT Growth	-217.14%	56.89%	-112.48%	-108.50%	82.51%	59.18%	-139.00%	180.23%	256.08%	704.75%
Net Income Growth	-307.84%	-13.82%	-141.95%	-117.95%	74.90%	45.95%	-32.33%	125.62%	150.78%	188.99%
EPS Growth	-336.93%	5.34%	-152.21%	-119.32%	77.46%	56.92%	-8.46%	119.30%	140.43%	240.48%
Operating Cash Flow Growth	-69.20%	-79.12%	-579.41%	-102.43%	-48.51%	67.80%	-36.81%	2,307.69%	107.25%	109.60%
Free Cash Flow Firm Growth	-406.82%	-23.94%	-88.12%	79.80%	95.07%	113.39%	98.93%	576.27%	333.03%	196.32%
Invested Capital Growth	29.97%	18.27%	13.58%	1.64%	0.15%	-3.01%	-2.69%	-10.64%	-1.41%	-2.60%
Revenue Q/Q Growth	-21.76%	-6.59%	0.26%	0.52%	-3.06%	-0.27%	0.15%	11.81%	-0.07%	20.04%
EBITDA Q/Q Growth	-150.50%	87.93%	98.51%	8,200.00%	-148.15%	392.31%	-220.18%	315.33%	31.19%	40.05%
EBIT Q/Q Growth	-175.05%	69.60%	28.04%	53.25%	-180.56%	75.74%	-508.16%	144.30%	72.73%	67.98%
NOPAT Q/Q Growth	-186.19%	78.03%	31.97%	34.00%	-77.27%	48.72%	-298.33%	122.15%	244.87%	98.70%
Net Income Q/Q Growth	-214.10%	45.38%	44.76%	47.84%	-59.50%	-17.62%	-35.24%	110.10%	216.13%	106.12%
EPS Q/Q Growth	-241.36%	53.24%	33.33%	56.15%	-64.91%	10.64%	-67.86%	107.80%	245.45%	210.53%
Operating Cash Flow Q/Q Growth	-75.00%	-11.94%	-238.14%	92.02%	630.77%	186.96%	-212.63%	228.70%	-50.17%	190.21%
Free Cash Flow Firm Q/Q Growth	-152.98%	44.89%	23.52%	81.06%	38.25%	249.62%	-106.10%	8,546.57%	-69.79%	90.25%
Invested Capital Q/Q Growth	-2.91%	-0.87%	0.05%	5.56%	-4.34%	-4.00%	0.38%	-3.06%	5.54%	-5.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	6.42%	2.52%	9.96%	6.30%	5.11%	6.55%	7.50%	12.84%	17.60%	22.15%
EBITDA Margin	-19.47%	-2.52%	-0.04%	3.02%	-1.50%	4.39%	-5.27%	10.15%	13.33%	15.55%
Operating Margin	-23.47%	-5.52%	-3.75%	-2.46%	-4.50%	-2.31%	-9.20%	3.79%	8.26%	12.19%
EBIT Margin	-24.69%	-8.04%	-5.77%	-2.68%	-7.76%	-1.89%	-11.47%	4.54%	7.85%	10.99%
Profit (Net Income) Margin	-26.97%	-15.77%	-8.69%	-4.51%	-7.42%	-8.75%	-11.81%	1.07%	3.37%	5.79%
Tax Burden Percent	105.49%	175.00%	128.89%	122.22%	84.65%	294.81%	94.46%	33.70%	53.26%	59.76%
Interest Burden Percent	103.55%	112.15%	116.88%	137.50%	112.87%	157.14%	109.06%	69.70%	80.70%	88.25%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	66.30%	46.74%	40.24%
Return on Invested Capital (ROIC)	-40.88%	-8.82%	-5.58%	-3.02%	-5.60%	-2.93%	-11.56%	2.31%	8.17%	15.32%
ROIC Less NNEP Spread (ROIC-NNEP)	-7.50%	23.47%	17.05%	7.94%	15.58%	43.90%	161.98%	25.64%	-3.35%	-17.70%
Return on Net Nonoperating Assets (RNNOA)	1.09%	-3.58%	-1.94%	-0.79%	-1.26%	-2.79%	-2.20%	-0.11%	-0.15%	-0.51%
Return on Equity (ROE)	-39.78%	-12.40%	-7.52%	-3.81%	-6.86%	-5.72%	-13.77%	2.20%	8.02%	14.81%
Cash Return on Invested Capital (CROIC)	-25.10%	-16.05%	-15.03%	-12.73%	-5.19%	-1.07%	-3.06%	7.61%	2.02%	3.42%
Operating Return on Assets (OROA)	-22.29%	-6.72%	-4.49%	-1.95%	-5.72%	-1.38%	-8.37%	3.42%	6.07%	9.26%
Return on Assets (ROA)	-24.35%	-13.19%	-6.77%	-3.28%	-5.47%	-6.38%	-8.63%	0.80%	2.61%	4.89%
Return on Common Equity (ROCE)	-29.79%	-9.39%	-5.55%	-2.91%	-5.22%	-4.29%	-10.11%	1.62%	6.90%	12.66%
Return on Equity Simple (ROE_SIMPLE)	1.66%	0.00%	-15.93%	-31.85%	-21.42%	0.00%	-21.23%	-17.85%	-7.71%	0.00%
Net Operating Profit after Tax (NOPAT)	-468	-103	-70	-46	-82	-42	-167	37	128	254
NOPAT Margin	-16.43%	-3.86%	-2.62%	-1.72%	-3.15%	-1.62%	-6.44%	1.28%	4.40%	7.29%
Net Nonoperating Expense Percent (NNEP)	-33.37%	-32.29%	-22.63%	-10.96%	-21.18%	-46.84%	-173.54%	-23.33%	11.52%	33.01%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.23%	-	-	-	-0.55%	-	-	-	3.30%
Cost of Revenue to Revenue	93.58%	97.48%	90.04%	93.70%	94.89%	93.45%	92.50%	87.16%	82.40%	77.85%
SG&A Expenses to Revenue	1.54%	2.40%	2.02%	1.94%	2.15%	2.47%	2.31%	2.37%	2.27%	2.29%
R&D to Revenue	0.25%	0.34%	0.37%	0.22%	0.35%	0.54%	0.42%	0.45%	0.55%	0.49%
Operating Expenses to Revenue	29.88%	8.04%	13.71%	8.76%	9.61%	8.86%	16.70%	9.05%	9.33%	9.95%
Earnings before Interest and Taxes (EBIT)	-704	-214	-154	-72	-202	-49	-298	132	228	383
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-555	-67	-1.00	81	-39	114	-137	295	387	542
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.11	1.55	1.60	1.23	1.13	1.41	1.51	1.82	1.31	1.31
Price to Tangible Book Value (P/TBV)	1.11	1.55	1.60	1.23	1.13	1.41	1.51	1.82	1.31	1.31
Price to Revenue (P/Rev)	0.45	0.63	0.63	0.55	0.48	0.57	0.58	0.66	0.62	0.57
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	112.30
Dividend Yield	1.21%	0.90%	0.95%	1.19%	1.40%	1.19%	1.18%	1.01%	1.04%	1.06%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.89%
Enterprise Value to Invested Capital (EV/IC)	1.10	1.47	1.47	1.18	1.10	1.30	1.35	1.57	1.27	1.28
Enterprise Value to Revenue (EV/Rev)	0.50	0.70	0.74	0.68	0.62	0.71	0.74	0.82	0.68	0.60
Enterprise Value to EBITDA (EV/EBITDA)	4.07	6.10	18.30	0.00	0.00	48.23	409.86	37.66	11.38	6.59
Enterprise Value to EBIT (EV/EBIT)	6.70	10.76	0.00	0.00	0.00	0.00	0.00	0.00	577.08	16.10
Enterprise Value to NOPAT (EV/NOPAT)	129.47	232.74	0.00	0.00	0.00	0.00	0.00	0.00	210.14	160.97
Enterprise Value to Operating Cash Flow (EV/OCF)	5.17	10.58	13.94	97.01	596.69	82.14	251.21	26.51	18.52	11.52
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.51	62.67	37.03
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.25	0.27	0.29	0.28	0.30	0.31	0.46	0.47	0.56	0.49
Long-Term Debt to Equity	0.25	0.27	0.29	0.28	0.30	0.30	0.45	0.46	0.47	0.48
Financial Leverage	-0.15	-0.15	-0.11	-0.10	-0.08	-0.06	-0.01	0.00	0.05	0.03
Leverage Ratio	2.35	2.31	2.42	2.17	2.22	2.33	2.43	2.39	2.51	2.56
Compound Leverage Factor	2.44	2.59	2.83	2.98	2.50	3.65	2.65	1.67	2.02	2.26
Debt to Total Capital	20.03%	21.52%	22.30%	21.88%	22.91%	23.65%	31.53%	31.99%	35.84%	33.04%
Short-Term Debt to Total Capital	0.01%	0.01%	0.01%	0.01%	0.01%	1.03%	0.98%	0.99%	5.67%	0.97%
Long-Term Debt to Total Capital	20.02%	21.51%	22.29%	21.87%	22.89%	22.62%	30.55%	31.00%	30.17%	32.07%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	17.65%	18.02%	19.82%	19.55%	20.03%	20.82%	19.05%	19.05%	0.00%	0.00%
Common Equity to Total Capital	62.32%	60.46%	57.88%	58.57%	57.06%	55.53%	49.42%	48.96%	64.16%	66.96%
Debt to EBITDA	1.07	1.27	3.80	-3.34	-69.62	11.68	134.11	10.94	4.45	2.34
Net Debt to EBITDA	-0.58	-0.48	-0.80	0.40	4.62	-0.72	11.63	0.70	0.97	0.39
Long-Term Debt to EBITDA	1.07	1.27	3.79	-3.34	-69.58	11.17	129.95	10.60	3.75	2.27
Debt to NOPAT	34.06	48.38	-14.03	-2.63	-6.01	-7.54	-7.55	-11.90	82.16	57.18
Net Debt to NOPAT	-18.33	-18.15	2.97	0.31	0.40	0.47	-0.66	-0.76	17.87	9.59
Long-Term Debt to NOPAT	34.04	48.35	-14.02	-2.63	-6.01	-7.21	-7.32	-11.53	69.16	55.49
Altman Z-Score	1.35	1.50	1.45	1.30	1.14	1.16	1.08	1.25	1.22	1.39
Noncontrolling Interest Sharing Ratio	25.13%	24.28%	26.16%	23.58%	23.91%	24.99%	26.59%	26.39%	13.96%	14.49%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.81	1.75	1.78	1.80	1.66	1.45	1.61	1.55	1.41	1.45
Quick Ratio	0.78	0.76	0.71	0.69	0.66	0.58	0.78	0.78	0.67	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,843	-1,016	-777	-147	-91	136	-8.30	701	212	403
Operating Cash Flow to CapEx	105.51%	69.01%	-198.78%	-11.40%	47.59%	106.45%	-223.00%	176.07%	97.95%	247.02%
Free Cash Flow to Firm to Interest Expense	-73.73	-39.07	-29.88	-5.45	-3.50	4.86	-0.31	17.53	4.81	8.96
Operating Cash Flow to Interest Expense	5.36	4.54	-6.27	-0.48	2.65	7.07	-8.26	7.18	3.25	9.22
Operating Cash Flow Less CapEx to Interest Expense	0.28	-2.04	-9.42	-4.70	-2.92	0.43	-11.96	3.10	-0.07	5.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.90	0.84	0.78	0.73	0.74	0.73	0.73	0.75	0.77	0.84
Accounts Receivable Turnover	15.19	13.89	12.44	11.89	12.76	12.29	11.31	11.39	12.21	11.62
Inventory Turnover	4.88	4.66	4.27	4.11	4.35	4.28	4.42	4.49	4.55	4.83
Fixed Asset Turnover	2.03	1.90	1.79	1.68	1.66	1.59	1.61	1.65	1.66	1.81
Accounts Payable Turnover	6.51	5.95	6.66	6.28	6.52	5.65	6.38	6.32	6.47	5.71
Days Sales Outstanding (DSO)	24.04	26.28	29.35	30.70	28.60	29.70	32.27	32.06	29.90	31.41
Days Inventory Outstanding (DIO)	74.87	78.33	85.52	88.82	83.90	85.27	82.63	81.22	80.18	75.51
Days Payable Outstanding (DPO)	56.07	61.32	54.81	58.12	55.97	64.55	57.19	57.73	56.42	63.94
Cash Conversion Cycle (CCC)	42.84	43.29	60.06	61.40	56.53	50.42	57.71	55.54	53.66	42.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,963	5,911	5,914	6,243	5,972	5,733	5,755	5,579	5,888	5,584
Invested Capital Turnover	2.49	2.28	2.13	1.76	1.78	1.81	1.80	1.81	1.86	2.10
Increase / (Decrease) in Invested Capital	1,375	913	707	101	9.00	-178	-159	-664	-84	-149
Enterprise Value (EV)	6,562	8,693	8,712	7,373	6,564	7,475	7,787	8,775	7,502	7,165
Market Capitalization	5,970	7,858	7,488	5,972	5,101	5,993	6,026	7,095	6,864	6,738
Book Value per Share	$29.85	$28.69	$26.30	$27.14	$25.27	$23.82	$22.24	$21.71	$20.01	$19.65
Tangible Book Value per Share	$29.85	$28.69	$26.30	$27.14	$25.27	$23.82	$22.24	$21.71	$20.01	$19.65
Total Capital	8,618	8,396	8,103	8,267	7,902	7,656	8,082	7,964	8,183	7,702
Total Debt	1,726	1,807	1,807	1,809	1,810	1,811	2,548	2,548	2,933	2,545
Total Long-Term Debt	1,725	1,806	1,806	1,808	1,809	1,732	2,469	2,469	2,469	2,470
Net Debt	-929	-678	-382	-215	-120	-112	221	163	638	427
Capital Expenditures (CapEx)	127	171	82	114	145	186	100	163	146	168
Debt-free, Cash-free Net Working Capital (DFCFNWC)	965	884	1,024	1,085	816	510	561	420	558	456
Debt-free Net Working Capital (DFNWC)	2,397	2,247	2,162	2,075	1,742	1,454	1,919	1,816	1,871	1,594
Net Working Capital (NWC)	2,396	2,246	2,161	2,074	1,741	1,375	1,840	1,737	1,407	1,519
Net Nonoperating Expense (NNE)	301	317	162	75	111	185	140	6.07	30	52
Net Nonoperating Obligations (NNO)	-929	-678	-382	-215	-120	-112	221	163	638	427
Total Depreciation and Amortization (D&A)	149	147	153	153	163	163	161	163	159	159
Debt-free, Cash-free Net Working Capital to Revenue	7.35%	7.10%	8.66%	9.98%	7.68%	4.83%	5.35%	3.92%	5.07%	3.83%
Debt-free Net Working Capital to Revenue	18.26%	18.05%	18.28%	19.09%	16.40%	13.78%	18.31%	16.97%	17.00%	13.40%
Net Working Capital to Revenue	18.25%	18.04%	18.27%	19.08%	16.40%	13.03%	17.56%	16.23%	12.79%	12.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($4.17)	($2.06)	($1.30)	($0.57)	($0.94)	($0.84)	($1.41)	$0.11	$0.39	$1.17
Adjusted Weighted Average Basic Shares Outstanding	176.94M	178.35M	178.40M	178.45M	178.47M	179.56M	179.56M	262.38M	262.40M	262.93M
Adjusted Diluted Earnings per Share	($4.17)	($1.95)	($1.30)	($0.57)	($0.94)	($0.84)	($1.41)	$0.11	$0.38	$1.18
Adjusted Weighted Average Diluted Shares Outstanding	176.94M	178.35M	178.40M	178.45M	178.47M	179.56M	179.56M	262.38M	262.40M	262.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	176.94M	178.35M	178.40M	178.45M	178.47M	179.56M	179.56M	262.38M	262.40M	262.93M
Normalized Net Operating Profit after Tax (NOPAT)	-12	-107	34	-29	-67	-50	-26	90	144	308
Normalized NOPAT Margin	-0.42%	-4.02%	1.28%	-1.10%	-2.56%	-1.92%	-1.00%	3.08%	4.95%	8.85%
Pre Tax Income Margin	-25.57%	-9.01%	-6.74%	-3.69%	-8.76%	-2.97%	-12.50%	3.17%	6.34%	9.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-28.16	-8.23	-5.92	-2.67	-7.77	-1.75	-11.04	3.30	5.18	8.51
NOPAT to Interest Expense	-18.73	-3.96	-2.69	-1.71	-3.15	-1.50	-6.20	0.93	2.91	5.64
EBIT Less CapEx to Interest Expense	-33.24	-14.81	-9.08	-6.89	-13.35	-8.39	-14.74	-0.78	1.86	4.78
NOPAT Less CapEx to Interest Expense	-23.81	-10.53	-5.85	-5.93	-8.73	-8.14	-9.90	-3.15	-0.41	1.91
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	462.92%	1,186.84%	-39.49%	-14.72%	-16.05%	-13.20%	-12.15%	-16.24%	-33.58%	579.17%
Augmented Payout Ratio	1,193.26%	2,502.63%	-96.39%	-24.45%	-16.05%	-13.20%	-12.15%	-16.24%	-33.58%	579.17%

Frequently Asked Questions About Alcoa's Financials

When does Alcoa's fiscal year end?

According to the most recent income statement we have on file, Alcoa's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Alcoa's net income changed over the last 9 years?

Alcoa's net income appears to be on a downward trend, with a most recent value of $24 million in 2024, falling from -$739 million in 2015. The previous period was -$773 million in 2023.

What is Alcoa's operating income?

Alcoa's total operating income in 2024 was $536 million, based on the following breakdown:

Total Gross Profit: $1.85 billion
Total Operating Expenses: $1.32 billion

How has Alcoa revenue changed over the last 9 years?

Over the last 9 years, Alcoa's total revenue changed from $11.20 billion in 2015 to $11.90 billion in 2024, a change of 6.2%.

How much debt does Alcoa have?

Alcoa's total liabilities were at $8.91 billion at the end of 2024, a 7.2% increase from 2023, and a 81.8% increase since 2015.

How much cash does Alcoa have?

In the past 9 years, Alcoa's cash and equivalents has ranged from $557 million in 2015 to $1.81 billion in 2021, and is currently $1.14 billion as of their latest financial filing in 2024.

How has Alcoa's book value per share changed over the last 9 years?

Over the last 9 years, Alcoa's book value per share changed from 51.75 in 2015 to 19.65 in 2024, a change of -62.0%.

Remove Ads

Related Companies

This page (NYSE:AA) was last updated on 4/15/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Alcoa (AA) Financials

Frequently Asked Questions About Alcoa's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Alcoa (AA) Financials

Annual Income Statements for Alcoa

Quarterly Income Statements for Alcoa

Annual Cash Flow Statements for Alcoa

Quarterly Cash Flow Statements for Alcoa

Annual Balance Sheets for Alcoa

Quarterly Balance Sheets for Alcoa

Annual Metrics and Ratios for Alcoa

Quarterly Metrics and Ratios for Alcoa

Frequently Asked Questions About Alcoa's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools