Alcoa Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Alcoa Corp reported revenue of $12.8B (+7.9% year on year) and net income of $1.2B (+1828.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Sales (E) | $12.8B | $11.9B | $10.6B | $12.5B |
| Cost of goods sold (exclusive of expenses below) | $10.7B | $10.0B | $9.8B | $10.2B |
| Selling, general administrative, and other expenses | $299.0M | $275.0M | $226.0M | $204.0M |
| Research and development expenses | $24.0M | $57.0M | $39.0M | $32.0M |
| Provision for depreciation, depletion, and amortization | $623.0M | $642.0M | $632.0M | $617.0M |
| Impairment of goodwill (B & L) | $144.0M | — | — | — |
| Restructuring and other charges, net (D) | $918.0M | $341.0M | $184.0M | $696.0M |
| Interest expense (U) | $158.0M | $156.0M | $107.0M | $106.0M |
| Other (income) expenses, net (U) | ($1.1B) | $91.0M | $134.0M | ($118.0M) |
| Total costs and expenses | $11.8B | $11.6B | $11.1B | $11.7B |
| Income (loss) before income taxes | $1.1B | $289.0M | ($584.0M) | $702.0M |
| (Benefit from) provision for income taxes (Q) | ($55.0M) | $265.0M | $189.0M | $664.0M |
| Net income (loss) | $1.1B | $24.0M | ($773.0M) | $38.0M |
| Less: Net loss attributable to noncontrolling interest | ($38.0M) | ($36.0M) | ($122.0M) | $161.0M |
| Net income (loss) attributable to Alcoa Corporation | $1.2B | $60.0M | ($651.0M) | ($123.0M) |
| Basic | $4.40 | $0.26 | -$3.65 | -$0.68 |
| Diluted | $4.37 | $0.26 | -$3.65 | -$0.68 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Sales (E) | $4.0B | $3.2B | $3.0B | $3.0B |
| Cost of goods sold (exclusive of expenses below) | $3.0B | $2.5B | $2.7B | $2.7B |
| Selling, general administrative, and other expenses | $101.0M | $83.0M | $78.0M | $82.0M |
| Research and development expenses | $11.0M | $10.0M | $11.0M | $12.0M |
| Provision for depreciation, depletion, and amortization | $173.0M | $162.0M | $160.0M | $153.0M |
| Restructuring and other charges, net (D) | ($4.0M) | $18.0M | $885.0M | $14.0M |
| Interest expense | $36.0M | $35.0M | $33.0M | $56.0M |
| Other expenses (income), net (O) | $200.0M | ($126.0M) | ($1.0B) | ($112.0M) |
| Total costs and expenses | $3.5B | $2.7B | $2.8B | $2.9B |
| Income before income taxes | $482.0M | $499.0M | $167.0M | $161.0M |
| Provision for income taxes | $73.0M | $82.0M | ($51.0M) | $10.0M |
| Net income | $409.0M | $417.0M | $218.0M | $151.0M |
| Less: Net income (loss) attributable to noncontrolling interest | $2.0M | ($8.0M) | ($14.0M) | ($13.0M) |
| Consolidated net income attributable to Alcoa Corporation | $407.0M | $425.0M | $232.0M | $164.0M |
| Basic | $1.54 | $1.61 | $0.88 | $0.63 |
| Diluted | $1.53 | $1.60 | $0.88 | $0.62 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents (P) | $1.6B | $1.1B | $944.0M | $1.4B |
| Receivables from customers (I) | $1.1B | $1.1B | $656.0M | $778.0M |
| Other receivables | $204.0M | $143.0M | $152.0M | $131.0M |
| Inventories (J) | $2.2B | $2.0B | $2.2B | $2.4B |
| Total asset derivatives | $49.0M | $25.0M | $29.0M | $134.0M |
| Prepaid expenses and other current assets | $378.0M | $514.0M | $466.0M | $417.0M |
| Total current assets | $5.5B | $4.9B | $4.4B | $5.3B |
| Properties, plants, and equipment, net (K) | $6.7B | $6.4B | $6.8B | $6.5B |
| Investments (H) | $477.0M | $980.0M | $979.0M | $1.1B |
| Noncurrent marketable securities (C & P) | $1.4B | — | — | — |
| Deferred income taxes (Q) | $687.0M | $284.0M | $333.0M | $296.0M |
| Total asset derivatives | $34.0M | $0 | $3.0M | $2.0M |
| Other noncurrent assets (U) | $1.4B | $1.5B | $1.6B | $1.6B |
| Total Assets | $16.1B | $14.1B | $14.2B | $14.8B |
| Accounts payable, trade | $1.9B | $1.8B | $1.7B | $1.8B |
| Accrued compensation and retirement costs | $383.0M | $362.0M | $357.0M | $335.0M |
| Taxes, including income taxes | $294.0M | $102.0M | $88.0M | $230.0M |
| Total liability derivatives | $467.0M | $263.0M | $214.0M | $200.0M |
| Other current liabilities | $718.0M | $788.0M | $578.0M | $481.0M |
| Long-term debt due within one year (M & P) | $1.0M | $75.0M | $79.0M | $1.0M |
| Total current liabilities | $3.8B | $3.4B | $3.0B | $3.0B |
| Long-term debt, less amount due within one year (M & P) | $2.4B | $2.5B | $1.7B | $1.8B |
| Accrued pension benefits (O) | $257.0M | $256.0M | $278.0M | $213.0M |
| Accrued other postretirement benefits (O) | $427.0M | $412.0M | $443.0M | $480.0M |
| Asset retirement obligations (R) | $1.1B | $691.0M | $772.0M | $711.0M |
| Environmental remediation (S) | $206.0M | $182.0M | $202.0M | $226.0M |
| Total liability derivatives | $1.1B | $836.0M | $1.1B | $1.0B |
| Noncurrent income taxes (Q) | $65.0M | $9.0M | $193.0M | $215.0M |
| Other noncurrent liabilities and deferred credits (U) | $487.0M | $656.0M | $568.0M | $486.0M |
| Total liabilities | $9.9B | $8.9B | $8.3B | $8.2B |
| Noncontrolling interest (C) | $76.0M | — | — | — |
| Preferred stock (N) | $0 | $0 | — | — |
| Common stock (N) | $3.0M | $3.0M | $2.0M | $2.0M |
| Additional capital | $11.6B | $11.6B | $9.2B | $9.2B |
| Accumulated deficit | ($271.0M) | ($1.3B) | ($1.3B) | ($570.0M) |
| Accumulated other comprehensive loss (G) | ($5.2B) | ($5.1B) | ($3.6B) | ($3.5B) |
| Total equity | $6.1B | $5.2B | $5.8B | $6.6B |
| Total liabilities, mezzanine equity, and equity | $16.1B | $14.1B | $14.2B | $14.8B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents (L) | $1.4B | $1.4B | $1.5B | $1.5B |
| Receivables from customers (H) | $1.5B | $1.2B | $1.0B | $979.0M |
| Other receivables | $176.0M | $209.0M | $149.0M | $225.0M |
| Inventories (I) | $2.3B | $2.3B | $2.2B | $2.2B |
| Fair value of derivative instruments (L) | $83.0M | $122.0M | $44.0M | $73.0M |
| Prepaid expenses and other current assets | $396.0M | $505.0M | $370.0M | $388.0M |
| Total current assets | $5.9B | $5.7B | $5.3B | $5.4B |
| Properties, plants, and equipment | $21.1B | $21.0B | $20.8B | $20.4B |
| Less: accumulated depreciation, depletion, and amortization | $14.2B | $14.2B | $14.2B | $13.7B |
| Properties, plants, and equipment, net | $6.9B | $6.9B | $6.6B | $6.7B |
| Investments | $527.0M | $491.0M | $480.0M | $1.0B |
| Noncurrent marketable securities (C & L) | $1.4B | $1.5B | $1.5B | — |
| Deferred income taxes | $677.0M | $663.0M | $524.0M | $317.0M |
| Fair value of derivative instruments (L) | $25.0M | $42.0M | $47.0M | $59.0M |
| Other noncurrent assets (O) | $1.5B | $1.4B | $1.5B | $1.5B |
| Total assets | $16.9B | $16.6B | $16.0B | $15.0B |
| Accounts payable, trade | $1.9B | $1.8B | $1.6B | $1.6B |
| Accrued compensation and retirement costs | $370.0M | $349.0M | $370.0M | $354.0M |
| Taxes, including income taxes | $275.0M | $310.0M | $339.0M | $246.0M |
| Fair value of derivative instruments (L) | $494.0M | $567.0M | $329.0M | $286.0M |
| Other current liabilities | $834.0M | $828.0M | $730.0M | $678.0M |
| Long-term debt due within one year (J & L) | $1.0M | $1.0M | $0 | $75.0M |
| Total current liabilities | $3.8B | $3.8B | $3.4B | $3.3B |
| Long-term debt, less amount due within one year (J & L) | $2.2B | $2.4B | $2.6B | $2.6B |
| Accrued pension benefits (K) | $242.0M | $248.0M | $227.0M | $235.0M |
| Accrued other postretirement benefits (K) | $408.0M | $421.0M | $391.0M | $397.0M |
| Asset retirement obligations | $1.0B | $1.1B | $1.2B | $688.0M |
| Environmental remediation (N) | $209.0M | $203.0M | $205.0M | $185.0M |
| Fair value of derivative instruments (L) | $880.0M | $916.0M | $929.0M | $862.0M |
| Noncurrent income taxes | $64.0M | $87.0M | $109.0M | $79.0M |
| Other noncurrent liabilities and deferred credits | $530.0M | $513.0M | $506.0M | $463.0M |
| Total liabilities | $9.4B | $9.7B | $9.5B | $8.8B |
| Noncontrolling interest (C) | $67.0M | $65.0M | $86.0M | $100.0M |
| Common stock | $3.0M | $3.0M | $3.0M | $3.0M |
| Additional capital | $11.6B | $11.6B | $11.6B | $11.6B |
| Retained earnings (deficit) | $508.0M | $127.0M | ($458.0M) | ($664.0M) |
| Accumulated other comprehensive loss (G) | ($4.7B) | ($4.9B) | ($4.8B) | ($4.8B) |
| Total equity | $7.4B | $6.8B | $6.3B | $6.1B |
| Total liabilities, mezzanine equity, and equity | $16.9B | $16.6B | $16.0B | $15.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $1.1B | $24.0M | ($773.0M) | $38.0M |
| Depreciation, depletion, and amortization | $623.0M | $642.0M | $632.0M | $617.0M |
| Deferred income taxes (Q) | ($275.0M) | $23.0M | ($22.0M) | $219.0M |
| Equity loss (income), net of dividends (H) | $10.0M | ($2.0M) | $201.0M | $4.0M |
| Impairment of goodwill (B & L) | $144.0M | — | — | — |
| Restructuring and other charges, net (D) | $918.0M | $341.0M | $184.0M | $696.0M |
| Net (gain) loss from investing activities - asset and investment sales (U) | ($784.0M) | $37.0M | $18.0M | $10.0M |
| Mark-to-market gain on noncurrent marketable securities (U) | ($197.0M) | — | — | — |
| Net periodic pension benefit cost (O) | $18.0M | $10.0M | $6.0M | $54.0M |
| Stock-based compensation (N) | $41.0M | $36.0M | $35.0M | $40.0M |
| (Gain) loss on mark-to-market derivative financial contracts | ($35.0M) | ($8.0M) | — | ($44.0M) |
| Other | $79.0M | $34.0M | $78.0M | $53.0M |
| Decrease (increase) in receivables | $71.0M | ($493.0M) | $104.0M | ($59.0M) |
| (Increase) decrease in inventories | ($57.0M) | $51.0M | $243.0M | ($547.0M) |
| Decrease (increase) in prepaid expenses and other current assets | $113.0M | ($68.0M) | $39.0M | $44.0M |
| Increase (decrease) in accounts payable, trade | $63.0M | $190.0M | ($74.0M) | $189.0M |
| Decrease in accrued expenses | ($203.0M) | ($108.0M) | ($133.0M) | ($173.0M) |
| (Decrease) increase in taxes, including income taxes | ($42.0M) | $95.0M | ($146.0M) | ($152.0M) |
| Pension contributions (O) | ($20.0M) | ($16.0M) | ($24.0M) | ($17.0M) |
| Increase in noncurrent assets | ($107.0M) | ($4.0M) | ($210.0M) | ($87.0M) |
| Decrease in noncurrent liabilities | ($294.0M) | ($162.0M) | ($93.0M) | ($63.0M) |
| Cash provided from operations | $1.2B | $622.0M | $91.0M | $822.0M |
| Additions to debt (M) | $1.0B | $1.0B | $127.0M | $4.0M |
| Payments on debt (M) | ($1.2B) | ($679.0M) | ($72.0M) | ($1.0M) |
| Proceeds from the exercise of employee stock options (N) | $0 | $0 | $1.0M | $22.0M |
| Dividends paid on Alcoa preferred stock (N) | ($1.0M) | ($1.0M) | — | — |
| Dividends paid on Alcoa common stock (N) | ($104.0M) | ($89.0M) | ($72.0M) | ($72.0M) |
| Payments related to tax withholding on stock-based compensation awards | ($8.0M) | ($15.0M) | ($34.0M) | ($19.0M) |
| Financial contributions for the divestiture of businesses (C) | ($8.0M) | ($35.0M) | ($52.0M) | ($33.0M) |
| Contributions from noncontrolling interest (A) | $27.0M | $65.0M | $188.0M | $214.0M |
| Distributions to noncontrolling interest (A) | $0 | ($49.0M) | ($30.0M) | ($379.0M) |
| Acquisition of noncontrolling interest (C) | $0 | ($23.0M) | — | — |
| Other | ($3.0M) | ($5.0M) | $1.0M | ($4.0M) |
| Cash (used for) provided from financing activities | ($261.0M) | $201.0M | $57.0M | ($768.0M) |
| Capital expenditures | ($618.0M) | ($580.0M) | ($531.0M) | ($480.0M) |
| Proceeds from the sale of assets | $5.0M | $3.0M | $4.0M | $5.0M |
| Additions to investments (H) | ($59.0M) | ($37.0M) | ($70.0M) | ($32.0M) |
| Sale of investments (H) | $161.0M | $0 | — | $10.0M |
| Other | $9.0M | $6.0M | $12.0M | $2.0M |
| Cash used for investing activities | ($502.0M) | ($608.0M) | ($585.0M) | ($495.0M) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | $36.0M | ($28.0M) | $10.0M | ($9.0M) |
| Net change in cash and cash equivalents and restricted cash | $458.0M | $187.0M | ($427.0M) | ($450.0M) |
| Cash and cash equivalents and restricted cash at beginning of year | $1.2B | $1.0B | $1.5B | $1.9B |
| Cash and cash equivalents and restricted cash at end of year | $1.7B | $1.2B | $1.0B | $1.5B |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $826.0M | $417.0M | $917.0M | $699.0M |
| Depreciation, depletion, and amortization | $335.0M | $162.0M | $461.0M | $301.0M |
| Deferred income taxes | ($59.0M) | $76.0M | ($205.0M) | $72.0M |
| Equity loss (income), net of dividends | $9.0M | $6.0M | $1.0M | ($4.0M) |
| Restructuring and other charges, net (D) | $14.0M | $18.0M | $904.0M | $19.0M |
| Net loss from investing activities - asset and investment sales (O) | $0 | ($1.0M) | ($785.0M) | $2.0M |
| Mark-to-market loss on noncurrent marketable securities (O) | $35.0M | ($88.0M) | ($267.0M) | — |
| Net periodic pension benefit cost (K) | $13.0M | $6.0M | $14.0M | $9.0M |
| Stock-based compensation | $30.0M | $13.0M | $33.0M | $23.0M |
| Loss (gain) on mark-to-market derivative financial contracts | $58.0M | ($2.0M) | ($48.0M) | ($82.0M) |
| Other | $31.0M | $9.0M | $65.0M | $49.0M |
| (Increase) decrease in receivables | ($440.0M) | ($117.0M) | $101.0M | $149.0M |
| Increase in inventories | ($128.0M) | ($183.0M) | ($61.0M) | ($111.0M) |
| Decrease in prepaid expenses and other current assets | $53.0M | ($7.0M) | $127.0M | $127.0M |
| Decrease in accounts payable, trade | ($101.0M) | ($195.0M) | ($260.0M) | ($233.0M) |
| Increase (decrease) in accrued expenses | $34.0M | ($94.0M) | ($237.0M) | ($148.0M) |
| Increase (decrease) in taxes, including income taxes | $11.0M | ($26.0M) | $86.0M | ($106.0M) |
| Pension contributions (K) | ($6.0M) | ($3.0M) | ($16.0M) | ($14.0M) |
| Increase in noncurrent assets | ($131.0M) | ($68.0M) | ($91.0M) | ($97.0M) |
| Decrease in noncurrent liabilities | ($155.0M) | ($102.0M) | ($91.0M) | ($92.0M) |
| CASH PROVIDED FROM OPERATIONS | $429.0M | ($179.0M) | $648.0M | $563.0M |
| Additions to debt (J) | $104.0M | $104.0M | $1.0B | $1.0B |
| Payments on debt (J) | ($332.0M) | ($4.0M) | ($1.1B) | ($990.0M) |
| Dividends paid on Alcoa preferred stock | $0 | $0 | ($1.0M) | ($1.0M) |
| Dividends paid on Alcoa common stock | ($53.0M) | ($27.0M) | ($78.0M) | ($52.0M) |
| Payments related to tax withholding on stock-based compensation awards | ($11.0M) | ($11.0M) | ($5.0M) | ($5.0M) |
| Financial contributions for the divestiture of businesses | $0 | $0 | ($6.0M) | ($5.0M) |
| Contributions from noncontrolling interest (C) | $0 | $0 | $27.0M | $27.0M |
| Other | ($1.0M) | ($2.0M) | ($3.0M) | ($4.0M) |
| CASH (USED FOR) PROVIDED FROM FINANCING ACTIVITIES | ($293.0M) | $60.0M | ($95.0M) | $10.0M |
| Capital expenditures | ($305.0M) | ($119.0M) | ($375.0M) | ($224.0M) |
| Proceeds from the sale of assets | $5.0M | $4.0M | $3.0M | $0 |
| Additions to investments | ($55.0M) | ($15.0M) | ($42.0M) | ($29.0M) |
| Sale of investments | $2.0M | — | $161.0M | $11.0M |
| Other | $21.0M | $1.0M | $2.0M | $2.0M |
| CASH USED FOR INVESTING ACTIVITIES | ($332.0M) | ($129.0M) | ($251.0M) | ($240.0M) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | ($2.0M) | $3.0M | $38.0M | $35.0M |
| Net change in cash and cash equivalents and restricted cash | ($198.0M) | ($245.0M) | $340.0M | $368.0M |
| Cash and cash equivalents and restricted cash at beginning of year | $1.7B | $1.7B | $1.2B | $1.2B |
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD | $1.5B | $1.4B | $1.6B | $1.6B |
Alcoa Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.