7Baggers
Quarterly
Annual
    Unit: USD2024-06-30 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 2021-12-31 2021-09-30 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 
      
    		                      
      operating activities
    		                      
      net income
    		266,000,000 243,000,000 236,000,000 188,000,000 193,000,000 148,000,000 111,000,000 80,000,000 147,000,000 131,000,000 77,000,000 27,000,000 106,000,000 36,000,000 -96,000,000 215,000,000 309,000,000 95,000,000 -121,000,000 187,000,000 218,000,000 161,000,000 
      adjustments to reconcile net income to cash provided from operations:
    		                      
      depreciation and amortization
    		69,000,000 67,000,000 68,000,000 68,000,000 67,000,000 69,000,000 67,000,000 65,000,000 67,000,000 66,000,000 67,000,000 68,000,000 67,000,000 68,000,000 74,000,000 129,000,000 129,000,000 131,000,000 139,000,000 137,000,000 149,000,000 141,000,000 
      deferred income taxes
    		35,000,000 32,000,000 16,000,000 35,000,000 26,000,000 31,000,000 21,000,000 6,000,000 24,000,000 28,000,000 14,000,000 9,000,000 -23,000,000 0 6,000,000 19,000,000 17,000,000 42,000,000 -86,000,000 8,000,000 -64,000,000 48,000,000 
      restructuring and other charges
    		  15,000,000 4,000,000 3,000,000 1,000,000 44,000,000 4,000,000 6,000,000 2,000,000 68,000,000 8,000,000 16,000,000 22,000,000 105,000,000 21,000,000 -10,000,000 119,000,000 499,000,000 12,000,000 -11,000,000 -2,000,000 
      net realized and unrealized losses
    		6,000,000 7,000,000 5,000,000 6,000,000 7,000,000 4,000,000 6,000,000 5,000,000               
      net periodic pension cost
    		10,000,000 10,000,000 9,000,000 9,000,000 10,000,000 9,000,000 7,000,000 6,000,000 5,000,000 6,000,000             
      stock-based compensation
    		23,000,000 15,000,000 11,000,000 13,000,000 12,000,000 14,000,000 11,000,000 14,000,000 18,000,000 11,000,000 13,000,000 14,000,000 10,000,000 12,000,000 10,000,000 13,000,000 16,000,000 17,000,000 17,000,000 10,000,000 7,000,000 14,000,000 
      loss on debt redemption
    		  1,000,000 0 0 1,000,000 0 0   5,000,000            
      other
    		6,000,000 1,000,000 1,000,000   5,000,000 -14,000,000 -1,000,000 5,000,000 22,000,000 -8,000,000 -18,000,000 -4,000,000 15,000,000 23,000,000 25,000,000 -2,000,000 1,000,000 3,000,000 11,000,000 14,000,000 11,000,000 
      changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:
    		                      
      increase in receivables
    		27,000,000 -127,000,000 47,000,000 -70,000,000 -4,000,000 -137,000,000 85,000,000 -77,000,000 -46,000,000 -123,000,000 45,000,000 -151,000,000           
      increase in inventories
    		-78,000,000 -31,000,000 6,000,000 -49,000,000 -54,000,000 -45,000,000 37,000,000 -80,000,000 -104,000,000 -87,000,000             
      decrease (increase) in prepaid expenses and other current assets
    		                -13,000,000      
      increase in accounts payable, trade
    		-16,000,000 22,000,000 50,000,000 23,000,000 -13,000,000 -67,000,000 116,000,000 12,000,000 50,000,000 68,000,000 81,000,000 15,000,000    -215,000,000 63,000,000 -90,000,000 -94,000,000 65,000,000 82,000,000 39,000,000 
      decrease in accrued expenses
    		70,000,000 -87,000,000   4,000,000 -19,000,000   14,000,000 -54,000,000 -25,000,000 -28,000,000           
      increase in taxes, including income taxes
    		-2,000,000 15,000,000  -14,000,000 15,000,000 16,000,000   -5,000,000 6,000,000 -26,000,000 -39,000,000  -55,000,000 6,000,000 90,000,000 -94,000,000 51,000,000 -6,000,000 47,000,000 41,000,000 26,000,000 
      pension contributions
    		-15,000,000 -2,000,000 -17,000,000 -7,000,000 -3,000,000 -9,000,000 -9,000,000 -14,000,000 -9,000,000 -11,000,000 -28,000,000 -7,000,000 -147,000,000 -8,000,000 -46,000,000 -56,000,000 -51,000,000 -77,000,000 -85,000,000 -55,000,000 -10,000,000 -51,000,000 
      increase in noncurrent assets
    		-5,000,000 -2,000,000 -2,000,000     -4,000,000 0 -1,000,000 -12,000,000 3,000,000        -1,000,000   
      decrease in noncurrent liabilities
    		-3,000,000 -9,000,000 -7,000,000 -8,000,000 -7,000,000 -12,000,000 -16,000,000 -11,000,000 -16,000,000 -17,000,000 9,000,000 -8,000,000           
      cash provided from operations
    		397,000,000 177,000,000 458,000,000 191,000,000 229,000,000 23,000,000 455,000,000 65,000,000               
      financing activities
    		                      
      repurchases and payments on debt
    		  -500,000,000 -200,000,000 0 -176,000,000                 
      premiums paid on early redemption of debt
    		  0 0 0 -1,000,000 0 0   -5,000,000 -111,000,000 0 0       0 0 
      repurchases of common stock
    		-60,000,000 -150,000,000 -100,000,000                    
      proceeds from exercise of employee stock options
    		1,000,000 5,000,000 1,000,000 1,000,000 3,000,000 6,000,000 2,000,000 4,000,000 3,000,000 7,000,000 5,000,000 2,000,000 3,000,000 0 0 30,000,000 37,000,000 8,000,000 10,000,000 1,000,000 1,000,000 2,000,000 
      dividends paid to shareholders
    		-21,000,000 -21,000,000 -21,000,000 -17,000,000 -18,000,000 -17,000,000 -17,000,000 -9,000,000 -9,000,000 -9,000,000 -8,000,000 -10,000,000 -1,000,000 0 -1,000,000 -9,000,000 -9,000,000 -9,000,000 -10,000,000 -29,000,000 -30,000,000 -29,000,000 
      taxes paid for net share settlement of equity awards
    		-20,000,000 -12,000,000 0 -2,000,000                   
      cash from financing activities
    		-123,000,000 -178,000,000 -222,000,000 -243,000,000 -189,000,000 -214,000,000 -89,000,000 -106,000,000 -137,000,000 -194,000,000 -270,000,000 -106,000,000 -30,000,000 -62,000,000   -424,000,000 -202,000,000 -201,000,000 -741,000,000 -40,000,000 -32,000,000 
      investing activities
    		                      
      capital expenditures
    		-55,000,000 -82,000,000 -55,000,000 -59,000,000 -41,000,000 -64,000,000 -45,000,000 -42,000,000 -44,000,000 -62,000,000 -61,000,000 -47,000,000 -47,000,000 -119,000,000 -32,000,000 -69,000,000 -171,000,000 -111,000,000 -136,000,000 -168,000,000 -271,000,000 -209,000,000 
      free cash flows
    		                      
      proceeds from the sale of assets and businesses
    		1,000,000 7,000,000 1,000,000    16,000,000 0 41,000,000 1,000,000 24,000,000 0 0 0 0 114,000,000 76,000,000 15,000,000 8,000,000 4,000,000 302,000,000 2,000,000 
      cash from investing activities
    		-54,000,000 -75,000,000  -58,000,000 -41,000,000 -64,000,000                 
      effect of exchange rate changes on cash, cash equivalents and restricted cash
    		     1,000,000 1,000,000 -2,000,000      2,000,000 0 -8,000,000  -3,000,000 0 1,000,000 0 -2,000,000 
      net change in cash, cash equivalents and restricted cash
    		218,000,000 -76,000,000 185,000,000 -111,000,000 -2,000,000 -254,000,000 338,000,000 -84,000,000 16,000,000 -200,000,000 -4,000,000 10,000,000 243,000,000 83,000,000 -1,358,000,000 940,000,000 379,000,000 -36,000,000 34,000,000 -956,000,000 740,000,000 82,000,000 
      cash, cash equivalents and restricted cash at beginning of period
    		0 610,000,000  0 0 792,000,000  0 0 722,000,000  0  0         
      cash, cash equivalents and restricted cash at end of period
    		218,000,000 534,000,000  -111,000,000 -2,000,000 538,000,000  -84,000,000 16,000,000 522,000,000  10,000,000  83,000,000 -1,358,000,000 2,643,000,000  -36,000,000 34,000,000 1,326,000,000  82,000,000 
      balance at march 31, 2023
    		0 55,000,000                     
      other comprehensive loss
    		                      
      cash dividends declared:
    		                      
      common @ 0.04 per share
    		                      
      repurchase and retirement of common stock
    		                      
      common stock issued: compensation plans
    		                      
      balance at june 30, 2023
    		                      
      decrease in prepaid expenses and other current assets
    		 23,000,000    12,000,000  4,000,000 -4,000,000 5,000,000             
      balance at december 31, 2022
    		 55,000,000                     
      other comprehensive income
    		                      
      preferred-class a @ 0.9375 per share
    		                      
      increase in prepaid expenses and other current assets
    		  -12,000,000 -3,000,000                 2,000,000  
      increase in accrued expenses
    		  55,000,000    5,000,000                
      decrease in taxes, including income taxes
    		                      
      net change in short-term borrowings
    		      -1,000,000 0 -1,000,000 -3,000,000   -7,000,000 -6,000,000 -4,000,000 2,000,000    1,000,000 -10,000,000 -2,000,000 
      additions to debt
    		          0  0 0 1,200,000,000 1,200,000,000 100,000,000 74,000,000 76,000,000 150,000,000 150,000,000 150,000,000 
      debt issuance costs
    		          0 -10,000,000 0 0 -16,000,000 -45,000,000       
      proceeds from the sale of securities
    		                      
      cash receipts from sold receivables
    		          0 95,000,000 164,000,000 144,000,000 66,000,000 48,000,000 365,000,000 213,000,000 257,000,000 160,000,000 323,000,000 273,000,000 
      cash (used for) provided from investing activities
    		      -29,000,000 -41,000,000 -4,000,000 -61,000,000             
      cash, cash equivalents and restricted cash at beginning of year
    		               1,703,000,000 0   2,282,000,000 0 0 
      cash, cash equivalents and restricted cash at end of year
    		                      
      balance at december 31, 2020
    		                      
      preferred–class a @ 3.75 per share
    		                      
      balance at december 31, 2021
    		                      
      common @ 0.10 per share
    		                      
      common @ 0.17 per share
    		                      
      balance at december 31, 2023
    		                      
      balance at june 30, 2022
    		   0                   
      common @ 0.06 per share
    		                      
      balance at september 30, 2022
    		                      
      decrease (increase) in noncurrent assets
    		    -1,000,000 2,000,000                 
      repurchase of common stock
    		    -100,000,000 -25,000,000 -65,000,000 -100,000,000 -60,000,000 -175,000,000 -205,000,000 -25,000,000 -22,000,000    -50,000,000 -200,000,000 -200,000,000 -700,000,000   
      balance at march 31, 2022
    		                      
      common @ 0.02 per share
    		                      
      net cash transferred to arconic corporation at separation
    		            0 0         
      sales of debt securities
    		                      
      payments on debt
    		       0   -47,000,000 -653,000,000 -2,000,000 0   -503,000,000 -77,000,000 -75,000,000 -151,000,000 -151,000,000 -151,000,000 
      sale of debt securities
    		           0           
      adjustments to reconcile net income to cash provided from (used for) operations:
    		                      
      net income from investing activities—asset sales
    		         3,000,000 2,000,000 3,000,000  2,000,000 2,000,000 2,000,000  2,000,000     
      cash provided from (used for) operations
    		         55,000,000  67,000,000           
      net periodic pension benefit cost
    		            9,000,000 8,000,000 8,000,000 26,000,000 28,000,000 29,000,000 29,000,000 29,000,000 30,000,000 29,000,000 
      decrease (increase) in inventories
    		          11,000,000 30,000,000           
      sales of investments
    		                26,000,000 0 0 47,000,000 0 0 
      cash provided from investing activities
    		          -37,000,000 50,000,000 119,000,000 25,000,000 33,000,000 94,000,000 295,000,000 117,000,000 129,000,000 42,000,000 354,000,000 65,000,000 
      effect of exchange rates on cash, cash equivalents and restricted cash
    		                      
      adjustments to reconcile net income to cash from operations:
    		                      
      cash from operations
    		             118,000,000 31,000,000 -291,000,000  52,000,000 106,000,000 -258,000,000  51,000,000 
      cash (used for) provided from financing activities
    		                      
      net income from investing activities - asset sales
    		                   2,000,000   
      (increase) in receivables
    		            -121,000,000 -47,000,000 140,000,000 -210,000,000 -20,000,000 -214,000,000 -254,000,000 -489,000,000   
      (decrease) in accrued expenses
    		            -40,000,000 -4,000,000 0 -173,000,000 48,000,000 -44,000,000 23,000,000 -69,000,000 -94,000,000 -12,000,000 
      decrease (increase) in taxes, including income taxes
    		                      
      (decrease) in noncurrent liabilities
    		            4,000,000 -2,000,000 2,000,000 -39,000,000 -9,000,000 -27,000,000 11,000,000 -20,000,000 58,000,000 -40,000,000 
      (increase) in inventories
    		             94,000,000 0 -136,000,000 89,000,000 25,000,000 1,000,000 -118,000,000 110,000,000 36,000,000 
      (increase) in noncurrent assets
    		             1,000,000   5,000,000 -7,000,000   13,000,000 -29,000,000 
      (decrease) in accounts payable, trade
    		                      
      (increase) in prepaid expenses and other current assets
    		               -2,000,000    -14,000,000   
      cash provided from (used for) financing activities
    		               1,145,000,000       
      impairment of goodwill
    		                      
      net gain from investing activities - asset sales
    		                    3,000,000 2,000,000 
      distributions to noncontrolling interests
    		                      
      equity income, net of dividends
    		                      
      contributions from noncontrolling interests
    		                      
      net cash transferred from alcoa corporation at separation
    		                      
      acquisitions, net of cash acquired
    		                      
      balance at december 31, 2015
    		                      
      other comprehensive
    		                      
      preferred–class b @ 26.8750 per share
    		                      
      common @ 0.36 per share
    		                      
      retirement of treasury stock
    		                      
      reverse stock split
    		                      
      distribution of alcoa corporation
    		                      
      distributions
    		                      
      contributions
    		                      
      balance at december 31, 2016
    		                      
      preferred–class b @ 20.1563 per share
    		                      
      common @ 0.24 per share
    		                      
      conversion of mandatory convertible preferred stock
    		                      
      issuance of common stock
    		                      
      balance at december 31, 2017
    		                      
      adoption of accounting standard
    		                      
      balance at december 31, 2018
    		                      
      depreciation, depletion and amortization
    		                      
      net gain from investing activities—asset sales
    		                      
      excess tax benefits from stock-based payment arrangements
    		                      
      additions to investments
    		                      
      net change in restricted cash
    		                      
      cash provided from (used for) investing activities
    		                      
      effect of exchange rate changes on cash and cash equivalents
    		                      
      net change in cash and cash equivalents
    		                      
      cash and cash equivalents at beginning of year
    		                      
      cash and cash equivalents at end of year
    		                      
      balance at december 31, 2014
    		                      
      common @ 0.12 per share
    		                      
      equity option on convertible notes
    		                      
      issuance of mandatory convertible preferred stock
    		                      
      acquisitions of noncontrolling interests
    		                      
      balance at december 31, 2013
    		                      
      preferred–class b @ 7.53993 per share
    		                      
      purchase of equity from noncontrolling interest
    		                      
      depreciation, depletion, and amortization
    		                      
      equity (income) loss, net of dividends
    		                      
      income from discontinued operations
    		                      
      increase in noncurrent liabilities
    		                      
      cash provided from continuing operations
    		                      
      cash (used for) provided from discontinued operations
    		                      
      net change in commercial paper
    		                      
      additions to long-term debt
    		                      
      payments on long-term debt
    		                      
      capital expenditures of discontinued operations
    		                      
      balance at december 31, 2008
    		                      
      preferred @ 3.75 per share
    		                      
      common @ 0.26 per share
    		                      
      beneficial conversion option on convertible notes, net of tax
    		                      
      balance at december 31, 2009
    		                      
      balance at december 31, 2010
    		                      
      balance at december 31, 2011
    		                      
      equity loss (income), net of dividends
    		                      
      benefit from doubtful accounts
    		                      
      decrease in receivables
    		                      
      cash received on long-term aluminum supply contract
    		                      
      decrease in net assets held for sale
    		                      
      dividends paid to noncontrolling interests
    		                      
      balance at december 31, 2006
    		                      
      common @ 0.68 per share
    		                      
      noncontrolling interest
    		                      
      balance at december 31, 2007
    		                      
      cumulative effect adjustment due to the adoption of accounting changes related to the measurement date of benefit plans, net of tax
    		                      
      noncontrolling interests
    		                      
      gains from investing activities—asset sales
    		                      
      loss
    		                      
      minority interests
    		                      
      decrease (increase) in receivables
    		                      
      increase in taxes, including taxes on income
    		                      
      net change in other noncurrent assets and liabilities
    		                      
      decrease (increase) in net assets held for sale
    		                      
      cash provided from (used for) discontinued operations
    		                      
      common stock issued for stock compensation plans
    		                      
      dividends paid to minority interests
    		                      
      contributions from minority interests
    		                      
      acquisitions of minority interests
    		                      
      december 31,
    		                      
      balance at end of 2005
    		                      
      comprehensive income:
    		                      
      change in minimum pension liability, net of tax expense and minority interests of 104
    		                      
      foreign currency translation adjustments
    		                      
      unrealized holding gains on available-for-sale securities, net of tax expense of 53
    		                      
      unrecognized losses on derivatives, net of tax benefit and minority interests of 152
    		                      
      net change from periodic revaluations
    		                      
      net amount reclassified to income
    		                      
      net unrecognized losses on derivatives
    		                      
      comprehensive income
    		                      
      cash dividends: preferred @ 3.75 per share
    		                      
      common @ 0.60 per share
    		                      
      cumulative effect adjustment due to the adoption of sfas 158, net of tax and minority interests
    		                      
      cumulative effect adjustment due to the adoption of eitf 04-6, net of tax and minority interests
    		                      
      balance at end of 2006
    		                      
      change in unrecognized losses and prior service cost related to pension and postretirement benefit plans, net of tax expense and minority interests of 153
    		                      
      unrealized gains on available-for-sale securities, net of tax benefit of 222:
    		                      
      unrealized holding gains
    		                      
      net change in unrealized gains on available-for-sale securities
    		                      
      unrecognized losses on derivatives, net of tax benefit and minority interests of 30
    		                      
    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.