7Baggers
Quarterly
Annual
    Unit: USD2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 
      
    		                             
      cash from operations
    		  -223,000,000                           
      net income
    		98,000,000 31,000,000 -307,000,000 -227,000,000 -193,000,000 -121,000,000 -232,000,000 -420,000,000 -769,000,000 674,000,000 553,000,000 370,000,000 350,000,000 219,000,000 17,000,000 -20,000,000 -150,000,000 139,000,000     230,000,000 274,000,000 -56,000,000 169,000,000 138,000,000 308,000,000 -143,000,000 
      adjustments to reconcile net income to cash from operations:
    		                             
      depreciation, depletion, and amortization
    		159,000,000 163,000,000 161,000,000 163,000,000 163,000,000 153,000,000 153,000,000 147,000,000 149,000,000 161,000,000 160,000,000 156,000,000 161,000,000 182,000,000 170,000,000 161,000,000 152,000,000 170,000,000 183,000,000 184,000,000 174,000,000 172,000,000 193,000,000 194,000,000 188,000,000 195,000,000 190,000,000 179,000,000 182,000,000 
      deferred income taxes
    		67,000,000 -12,000,000 -63,000,000 134,000,000 -120,000,000 -12,000,000 -24,000,000 126,000,000 0 97,000,000 -4,000,000 13,000,000 30,000,000 18,000,000 -14,000,000 -6,000,000 -29,000,000 23,000,000 -44,000,000 -5,000,000 31,000,000 33,000,000 -20,000,000 -11,000,000 112,000,000 14,000,000 27,000,000 23,000,000 -52,000,000 
      equity loss, net of dividends
    		  23,000,000                           
      restructuring and other charges
    		30,000,000 18,000,000 202,000,000 -11,000,000 22,000,000 24,000,000 149,000,000 -6,000,000 652,000,000 -75,000,000 125,000,000 33,000,000 33,000,000 7,000,000 60,000,000 5,000,000 37,000,000 2,000,000 363,000,000 185,000,000 370,000,000 113,000,000 231,000,000 -19,000,000 297,000,000 -10,000,000 12,000,000 10,000,000 209,000,000 
      net
    		                  -355,000,000 -147,000,000 -293,000,000 -58,000,000      -120,000,000  
      mark-to-market gain on noncurrent marketable securities
    		                             
      net periodic pension benefit cost
    		3,000,000 2,000,000 3,000,000 2,000,000 2,000,000 1,000,000 1,000,000 15,000,000 11,000,000 14,000,000 14,000,000 12,000,000 12,000,000 12,000,000 35,000,000 36,000,000 34,000,000 33,000,000 29,000,000 30,000,000 30,000,000 30,000,000 41,000,000 40,000,000 28,000,000 28,000,000 27,000,000 28,000,000 23,000,000 
      stock-based compensation
    		9,000,000 12,000,000 10,000,000 8,000,000 6,000,000 11,000,000 10,000,000 12,000,000 8,000,000 11,000,000 9,000,000 8,000,000 10,000,000 8,000,000 1,000,000 7,000,000 9,000,000 8,000,000 1,000,000 8,000,000 11,000,000 10,000,000 10,000,000 10,000,000 3,000,000 7,000,000 7,000,000 7,000,000 4,000,000 
      (gain) loss on mark-to-market derivative financial contracts
    		                             
      other
    		2,000,000 11,000,000 20,000,000 11,000,000 8,000,000 11,000,000 48,000,000 23,000,000 2,000,000 6,000,000 22,000,000 16,000,000 29,000,000 -1,000,000 21,000,000 6,000,000 1,000,000 4,000,000 11,000,000 -5,000,000 1,000,000 23,000,000 -18,000,000 -14,000,000 1,000,000 34,000,000 -12,000,000 9,000,000 -28,000,000 
      changes in assets and liabilities, excluding effects of divestitures and foreign currency translation adjustments:
    		                             
      decrease (increase) in receivables
    		     31,000,000 40,000,000            156,000,000 33,000,000        7,000,000  
      increase in inventories
    		       33,000,000 77,000,000   -189,000,000 -116,000,000 -68,000,000           -136,000,000 -16,000,000 16,000,000 -102,000,000  
      decrease (increase) in prepaid expenses and other current assets
    		   -14,000,000   4,000,000                  -19,000,000 10,000,000    
      decrease in accounts payable, trade
    		-92,000,000 41,000,000 -98,000,000    -273,000,000                       
      decrease in accrued expenses
    		-58,000,000 -8,000,000 -22,000,000 -14,000,000 -71,000,000 -3,000,000 -45,000,000 -51,000,000 -19,000,000                     
      increase in taxes, including income taxes
    		-15,000,000 52,000,000 18,000,000     -49,000,000 -24,000,000   103,000,000   24,000,000 88,000,000   14,000,000 -2,000,000 -299,000,000 -43,000,000 17,000,000 84,000,000 96,000,000     
      pension contributions
    		-4,000,000 -4,000,000 -6,000,000 -4,000,000 -11,000,000 -5,000,000 -4,000,000 -5,000,000 -3,000,000 -5,000,000 -4,000,000 -5,000,000 -507,000,000 -63,000,000 -260,000,000 -24,000,000 -11,000,000 -48,000,000 -106,000,000 -12,000,000 -48,000,000 -7,000,000 -652,000,000 -40,000,000 -24,000,000 -35,000,000 -26,000,000 -21,000,000 -21,000,000 
      increase in noncurrent assets
    		   -31,000,000 -113,000,000 -37,000,000 -29,000,000 7,000,000 -23,000,000    -12,000,000 -22,000,000              -3,000,000  
      decrease in noncurrent liabilities
    		-41,000,000 -33,000,000 -39,000,000 -34,000,000 45,000,000 -46,000,000 -58,000,000 33,000,000 -37,000,000                     
      cash provided from operations
    		       118,000,000   34,000,000    38,000,000 158,000,000      168,000,000  55,000,000      
      financing activities
    		                             
      additions to debt
    		0 24,000,000 965,000,000 47,000,000 55,000,000 0 25,000,000     0 0 495,000,000 0        492,000,000 61,000,000 18,000,000 0 1,000,000 2,000,000  
      payments on debt
    		-19,000,000 -45,000,000 -221,000,000 -33,000,000 -23,000,000 -15,000,000 -1,000,000     -518,000,000           -3,000,000 -4,000,000 -5,000,000 -45,000,000 -5,000,000 -5,000,000 -18,000,000 
      dividends paid on alcoa preferred stock
    		                             
      dividends paid on alcoa common stock
    		-26,000,000 -18,000,000 -19,000,000 -18,000,000 -18,000,000 -18,000,000 -18,000,000 -17,000,000 -18,000,000 -19,000,000 -18,000,000                   
      payments related to tax withholding on stock-based compensation awards
    		0 0 -15,000,000 0 0 0 -34,000,000 0 0 0 -19,000,000                   
      financial contributions for the divestiture of businesses
    		-7,000,000 -5,000,000 -7,000,000 -8,000,000 -19,000,000 -11,000,000 -14,000,000 -14,000,000 -10,000,000 -6,000,000 -3,000,000 -1,000,000 -7,000,000 -6,000,000 -8,000,000 -6,000,000 -12,000,000 -12,000,000            
      contributions from noncontrolling interest
    		0 4,000,000 61,000,000 24,000,000 42,000,000 36,000,000 86,000,000 64,000,000 67,000,000 37,000,000 46,000,000    0 8,000,000   10,000,000 20,000,000 1,000,000 20,000,000 56,000,000 53,000,000 24,000,000 0 32,000,000 24,000,000  
      distributions to noncontrolling interest
    		-17,000,000 -26,000,000 -6,000,000 -6,000,000 -2,000,000 -16,000,000 -6,000,000 -60,000,000 -74,000,000 -83,000,000 -162,000,000 -40,000,000 -75,000,000 -62,000,000 -55,000,000 -46,000,000 -75,000,000 -31,000,000 -84,000,000 -102,000,000 -72,000,000 -214,000,000 -118,000,000 -267,000,000 -98,000,000 -89,000,000 -98,000,000 -57,000,000  
      acquisition of noncontrolling interest
    		                             
      cash (used for) provided from financing activities
    		          -209,000,000         -81,000,000      -115,000,000 -78,000,000 -260,000,000  
      investing activities
    		                             
      capital expenditures
    		-146,000,000 -164,000,000 -101,000,000 -188,000,000 -145,000,000 -115,000,000 -83,000,000 -171,000,000 -128,000,000 -107,000,000 -74,000,000 -83,000,000 -79,000,000 -75,000,000 -111,000,000 -74,000,000 -77,000,000 -91,000,000 -134,000,000 -87,000,000 -89,000,000 -69,000,000 -95,000,000 -74,000,000 -150,000,000 -96,000,000 -88,000,000 -71,000,000 -146,000,000 
      free cash flows
    		                             
      proceeds from the sale of assets
    		0 1,000,000 1,000,000  0 1,000,000 1,000,000  1,000,000 2,000,000 2,000,000 10,000,000 114,000,000 591,000,000  -1,000,000 0 199,000,000  12,000,000 0 11,000,000        
      additions to investments
    		-13,000,000 0 -17,000,000 -19,000,000 -15,000,000 -16,000,000 -20,000,000 0 -11,000,000 0 -21,000,000 -4,000,000 -1,000,000 -2,000,000 -6,000,000 -3,000,000 -2,000,000 -1,000,000 0 -1,000,000 -110,000,000 -1,000,000   -22,000,000 -8,000,000 -11,000,000 -25,000,000 0 
      sale of investments
    		       0 0                     
      cash from investing activities
    		-153,000,000 -164,000,000 -117,000,000  -166,000,000 -120,000,000 -102,000,000        -117,000,000    -134,000,000 -76,000,000 -199,000,000 -59,000,000        
      effect of exchange rate changes on cash and cash equivalents and restricted cash
    		11,000,000 -10,000,000 -6,000,000   3,000,000 2,000,000 11,000,000 -18,000,000 -11,000,000 9,000,000 -9,000,000 9,000,000 -11,000,000 13,000,000 -1,000,000 -2,000,000 -24,000,000 4,000,000 -10,000,000 5,000,000 -6,000,000 -11,000,000 4,000,000      
      net change in cash and cash equivalents and restricted cash
    		-83,000,000 38,000,000 408,000,000 17,000,000 -67,000,000 -154,000,000 -223,000,000 -67,000,000 -207,000,000 83,000,000 -259,000,000 -196,000,000 -892,000,000 937,000,000 -129,000,000 771,000,000 136,000,000 -51,000,000 39,000,000 7,000,000 -183,000,000 -96,000,000 -108,000,000 -162,000,000      
      cash and cash equivalents and restricted cash at beginning of year
    		0 0 1,047,000,000 0 0 0 1,474,000,000 0 0 0 1,924,000,000 0 0 1,610,000,000 0 0 0 883,000,000 0 0 0 1,116,000,000 0 1,365,000,000      
      cash and cash equivalents and restricted cash at end of period
    		-83,000,000 38,000,000 1,455,000,000  -67,000,000 -154,000,000 1,251,000,000    1,665,000,000 -196,000,000 -892,000,000 2,547,000,000  771,000,000 136,000,000 832,000,000  7,000,000 -183,000,000 1,020,000,000 -108,000,000 1,203,000,000      
      mezzanine equity
    		                             
      non- controlling interest
    		                             
      balance at january 1, 2024
    		0 0 2,000,000                           
      other comprehensive income
    		                             
      net effect of tax withholding for compensation plans and exercise of stock options
    		                             
      contributions
    		                             
      distributions
    		                             
      balance at march 31, 2024
    		0 0 2,000,000                           
      other comprehensive loss
    		                             
      balance at june 30, 2024
    		0                             
      balance at september 30, 2024
    		                             
      balance at january 1, 2025
    		                             
      joint venture formation
    		                             
      balance at march 31, 2025
    		                             
      balance at june 30, 2025
    		                             
      balance at september 30, 2025
    		                             
      net income from investing activities – asset sales
    		1,000,000 6,000,000 11,000,000  -1,000,000 1,000,000 18,000,000                       
      loss on mark-to-market derivative financial contracts
    		                             
      increase in receivables
    		81,000,000 -71,000,000 -212,000,000         -138,000,000      -70,000,000           -108,000,000 
      decrease in inventories
    		-78,000,000 86,000,000 71,000,000             37,000,000 143,000,000 41,000,000            
      increase in prepaid expenses and other current assets
    		  -6,000,000        -15,000,000                  -30,000,000 
      cash provided from (used for) operations
    		143,000,000             6,000,000      174,000,000     455,000,000 384,000,000 311,000,000 74,000,000  
      proceeds from the exercise of employee stock options
    		   0 0 0 1,000,000 0 0 1,000,000 21,000,000 5,000,000 10,000,000 4,000,000     0 1,000,000 0 1,000,000 7,000,000 15,000,000 5,000,000 20,000,000    
      cash provided from financing activities
    		-84,000,000 -75,000,000 754,000,000                           
      alcoa corporation shareholders
    		                             
      common stock
    		                             
      balance at january 1, 2023
    		0 0 2,000,000  0 0 2,000,000                       
      other comprehensive
    		                             
      balance at march 31, 2023
    		0 0 2,000,000  0 0 2,000,000                       
      balance at june 30, 2023
    		0    0                         
      balance at september 30, 2023
    		                             
      equity (income) loss, net of dividends
    		                             
      decrease in prepaid expenses and other current assets
    		           -19,000,000 1,000,000 57,000,000  8,000,000 2,000,000 11,000,000    13,000,000  2,000,000    13,000,000  
      decrease (increase) in noncurrent assets
    		 16,000,000 9,000,000        29,000,000      -13,000,000 32,000,000            
      gain on mark-to-market derivative financial contracts
    		  2,000,000 -5,000,000 27,000,000 22,000,000 -18,000,000  39,000,000                     
      equity loss
    		                             
      net gain from investing activities—asset sales
    		                             
      premium paid on early redemption of debt
    		           18,000,000                  
      decrease
    		                  26,000,000 58,000,000 36,000,000 17,000,000        
      increase in accounts payable, trade
    		       199,000,000 -108,000,000   121,000,000             268,000,000 90,000,000    
      repurchase of common stock
    		       0 -150,000,000 -275,000,000 -75,000,000                   
      cash provided from (used for) financing activities
    		   6,000,000 35,000,000 -24,000,000 40,000,000       428,000,000 -63,000,000               
      proceeds from the sale of assets and businesses
    		                        2,000,000 0 5,000,000 238,000,000 0 
      cash (used for) provided from investing activities
    		       -171,000,000 -138,000,000 -93,000,000 -93,000,000            -100,000,000 -74,000,000      
      cash and cash equivalents and restricted cash at end of year
    		                             
      balance at december 31, 2020
    		           0 0 2,000,000                
      balance at december 31, 2021
    		                             
      balance at december 31, 2022
    		                             
      balance at december 31, 2023
    		                             
      equity loss (income), net of dividends
    		    38,000,000                         
      decrease in receivables
    		               -98,000,000      42,000,000  43,000,000      
      decrease (increase) in inventories
    		    144,000,000 5,000,000 17,000,000                       
      decrease in taxes, including income taxes
    		    94,000,000 -133,000,000 -13,000,000                       
      cash (used for) provided from operations
    		    69,000,000 -13,000,000 -163,000,000           -90,000,000           239,000,000 
      balance at january 1, 2022
    		    0 0 2,000,000  0 0 2,000,000                   
      balance at march 31, 2022
    		    0 0 2,000,000  0 0 2,000,000                   
      balance at june 30, 2022
    		    0    0                     
      balance at september 30, 2022
    		                             
      equity loss (earnings), net of dividends
    		      93,000,000                       
      balance at december 31, 2019
    		           0 0 2,000,000 0 0 0 2,000,000            
      common stock issued: compensation plans
    		                             
      equity earnings, net of dividends
    		        26,000,000 -36,000,000 -25,000,000 -38,000,000 -35,000,000 -11,000,000 1,000,000 4,000,000   9,000,000 -2,000,000 17,000,000 -3,000,000 -5,000,000 -6,000,000      
      net gain from investing activities – asset sales
    		        2,000,000 4,000,000 1,000,000 -8,000,000 -97,000,000 -27,000,000  2,000,000 1,000,000 -177,000,000  -5,000,000 7,000,000 -8,000,000 2,000,000 -5,000,000  1,000,000    
      cash from financing activities
    		        -185,000,000        -71,000,000 -44,000,000    -199,000,000  -147,000,000      
      cash and cash equivalents and restricted cash (q) at end of period
    		        -207,000,000                     
      balance at january 1, 2021
    		        0 0 2,000,000                   
      balance at march 31, 2021
    		        0 0 2,000,000  0 2,000,000                
      balance at june 30, 2021
    		        0   0                  
      balance at september 30, 2021
    		                             
      benefit from bad debt expense
    		           0   0 0 0 2,000,000 0 1,000,000 0 20,000,000        
      (increase) in receivables
    		          -120,000,000   -212,000,000            -37,000,000    
      (increase) in inventories
    		          -479,000,000            -98,000,000 -169,000,000      
      (decrease) in accounts payable, trade
    		          -81,000,000   -64,000,000  96,000,000 -62,000,000 -121,000,000  -55,000,000 15,000,000 -159,000,000  -106,000,000    -45,000,000  
      increase in accrued expenses
    		          -72,000,000   3,000,000                
      (decrease) in taxes, including income taxes
    		          -42,000,000   -1,000,000    -11,000,000         -27,000,000 -17,000,000  
      (decrease) in noncurrent liabilities
    		          -37,000,000 -25,000,000 -27,000,000 -31,000,000 -12,000,000 -15,000,000   -3,000,000 -6,000,000   -7,000,000 -23,000,000   19,000,000 -20,000,000  
      (decrease) in accrued expenses
    		              13,000,000 -46,000,000 -35,000,000 -85,000,000 -28,000,000 -96,000,000 -33,000,000 -18,000,000 -57,000,000 -186,000,000 -243,000,000 -82,000,000 -57,000,000 -181,000,000 18,000,000 
      (increase) in noncurrent assets
    		              -18,000,000    0 8,000,000 -22,000,000 -10,000,000 -36,000,000 -13,000,000  -42,000,000    
      cash provided from (used for) investing activities
    		                -79,000,000 107,000,000         -87,000,000 131,000,000  
      third quarter ended september 30, 2020
    		                             
      balance at june 30, 2020
    		           0    0              
      balance at september 30, 2020
    		                             
      third quarter ended september 30, 2021
    		                             
      nine months ended september 30, 2020
    		                             
      nine months ended september 30, 2021
    		                             
      cash provided from investing activities
    		            34,000,000 514,000,000                
      second quarter ended june 30, 2020
    		                             
      balance at march 31, 2020
    		            0 2,000,000   0 2,000,000            
      second quarter ended june 30, 2021
    		                             
      six months ended june 30, 2020
    		                             
      six months ended june 30, 2021
    		                             
      first quarter ended march 31, 2020
    		                             
      first quarter ended march 31, 2021
    		                             
      balance at december 31, 2017
    		                  0 0   0 2,000,000      
      balance at december 31, 2018
    		              0 0 0 2,000,000 0 0          
      third quarter ended september 30, 2019
    		                             
      balance at june 30, 2019
    		               0    0          
      balance at september 30, 2019
    		                             
      nine months ended september 30, 2019
    		                             
      second quarter ended june 30, 2019
    		                             
      balance at march 31, 2019
    		                0 2,000,000            
      six months ended june 30, 2019
    		                             
      increase in noncurrent liabilities
    		                 -43,000,000    1,000,000   -50,000,000    55,000,000 
      first quarter ended march 31, 2019
    		                             
      cash paid to former parent company related to separation
    		                             
      net change in short-term borrowings
    		                        5,000,000 -1,000,000 1,000,000 2,000,000  
      balance at december 31, 2016
    		                      0 2,000,000      
      third quarter ended september 30, 2018
    		                             
      balance at june 30, 2018
    		                   0          
      balance at september 30, 2018
    		                             
      nine months ended september 30, 2018
    		                             
      changes in assets and liabilities, excluding effects of foreign currency translation adjustments:
    		                             
      second quarter ended june 30, 2018
    		                             
      balance at march 31, 2018
    		                      0 2,000,000      
      six months ended june 30, 2018
    		                             
      changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:
    		                             
      net transfers from former parent company
    		                             
      sales of investments
    		                            0 
      balance at december 31, 2015
    		                        0 0 0 11,042,000,000 0 
      establishment of additional defined benefit plans
    		                             
      change in parent company net investment
    		                        -161,000,000 117,000,000 -282,000,000 316,000,000 -443,000,000 
      cash provided at separation to parent company
    		                             
      separation-related adjustments
    		                             
      issuance of common stock
    		                             
      balance at march 31, 2017
    		                      0 2,000,000      
      balance at june 30, 2017
    		                             
      net transfers from (to) former parent company
    		                             
      net change in restricted cash
    		                          7,000,000 -11,000,000  
      effect of exchange rate changes on cash and cash equivalents
    		                        7,000,000 -4,000,000 4,000,000 6,000,000 -11,000,000 
      net change in cash and cash equivalents
    		                        239,000,000 165,000,000 150,000,000 -49,000,000 612,000,000 
      cash and cash equivalents at beginning of year
    		                        0 0 0 853,000,000 0 
      cash and cash equivalents at end of year
    		                             
      balance at december 31, 2014
    		                            0 
      equity income, net of dividends
    		                         -13,000,000 15,000,000 -1,000,000 14,000,000 
      net transfers from parent company
    		                             
      cash paid to arconic related to separation
    		                         0 -9,000,000 -238,000,000  
      cash and cash equivalents at end of period
    		                         165,000,000 150,000,000 804,000,000  
      balance at june 30, 2016
    		                         0    
      establishment of defined benefit plans
    		                             
      balance at september 30, 2016
    		                             
      balance at september 30, 2017
    		                             
      balance at march 31, 2016
    		                          0 11,148,000,000  
      proceeds from exercise of employee stock options
    		                           18,000,000  
      net transfers from (to) parent company
    		                            395,000,000 
      balance at december 31, 2013
    		                             
      distributions to noncontrolling interests
    		                             
      balance at june 30, 2015
    		                             
      balance at september 30, 2015
    		                             
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.