Alcoa (AA) quarterly cash flow statement covering the six quarters from June 2022 to September 2023, as reported to the SEC.
A cash flow statement shows the cash that actually came in and went out, split between running the business, investing and financing.
| Sep'23 | Jun'23 | Mar'23 | Dec'22 | Sep'22 | Jun'22 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FROM OPERATIONS | |||||||||||||||||||||
Net (loss) income | |||||||||||||||||||||
-193,000 | -121,000 | -232,000 | -420,000 | -769,000 | 674,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net (loss) income | -193,000 | -121,000 | -232,000 | -420,000 | -769,000 | 674,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Adjustments to reconcile net (loss) income to cash from operations: | |||||||||||||||||||||
Depreciation, depletion, and amortization | |||||||||||||||||||||
163,000 | 153,000 | 153,000 | 147,000 | 149,000 | 161,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Depreciation, depletion, and amortization | 163,000 | 153,000 | 153,000 | 147,000 | 149,000 | 161,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred income taxes | |||||||||||||||||||||
-120,000 | -12,000 | -24,000 | 126,000 | - | 97,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred income taxes | -120,000 | -12,000 | -24,000 | 126,000 | - | 97,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Equity loss (income), net of dividends | |||||||||||||||||||||
-38,000 | -30,000 | -93,000 | -39,000 | -26,000 | 36,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Equity loss (income), net of dividends | -38,000 | -30,000 | -93,000 | -39,000 | -26,000 | 36,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Restructuring and other charges, net (D) | |||||||||||||||||||||
- | - | 149,000 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Restructuring and other charges, net (D) | - | - | 149,000 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net loss from investing activities - asset sales (R) | |||||||||||||||||||||
1,000 | -1,000 | -18,000 | -3,000 | -2,000 | -4,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net loss from investing activities - asset sales (R) | 1,000 | -1,000 | -18,000 | -3,000 | -2,000 | -4,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net periodic pension benefit cost (M) | |||||||||||||||||||||
2,000 | 1,000 | 1,000 | 15,000 | 11,000 | 14,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net periodic pension benefit cost (M) | 2,000 | 1,000 | 1,000 | 15,000 | 11,000 | 14,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Stock-based compensation | |||||||||||||||||||||
6,000 | 11,000 | 10,000 | 12,000 | 8,000 | 11,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Stock-based compensation | 6,000 | 11,000 | 10,000 | 12,000 | 8,000 | 11,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Provision for bad debt expense | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Provision for bad debt expense | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Loss (gain) on mark-to-market derivative financial contracts | |||||||||||||||||||||
-27,000 | -22,000 | 18,000 | -40,000 | -39,000 | 107,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Loss (gain) on mark-to-market derivative financial contracts | -27,000 | -22,000 | 18,000 | -40,000 | -39,000 | 107,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other | |||||||||||||||||||||
-8,000 | -11,000 | -48,000 | -23,000 | -2,000 | 10,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other | -8,000 | -11,000 | -48,000 | -23,000 | -2,000 | 10,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Changes in assets and liabilities, excluding effects of divestitures and foreign currency translation adjustments: | |||||||||||||||||||||
Decrease in receivables | |||||||||||||||||||||
-37,000 | -31,000 | -40,000 | 82,000 | -176,000 | 33,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Decrease in receivables | -37,000 | -31,000 | -40,000 | 82,000 | -176,000 | 33,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Decrease (increase) in inventories | |||||||||||||||||||||
-144,000 | -5,000 | -17,000 | -33,000 | -77,000 | 178,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Decrease (increase) in inventories | -144,000 | -5,000 | -17,000 | -33,000 | -77,000 | 178,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Decrease (increase) in prepaid expenses and other current assets | |||||||||||||||||||||
10,000 | -59,000 | -4,000 | -54,000 | 25,000 | -30,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Decrease (increase) in prepaid expenses and other current assets | 10,000 | -59,000 | -4,000 | -54,000 | 25,000 | -30,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Decrease in accounts payable, trade | |||||||||||||||||||||
2,000 | -4,000 | -273,000 | 199,000 | -108,000 | 179,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Decrease in accounts payable, trade | 2,000 | -4,000 | -273,000 | 199,000 | -108,000 | 179,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Decrease in accrued expenses | |||||||||||||||||||||
-71,000 | -3,000 | -45,000 | -51,000 | -19,000 | -31,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Decrease in accrued expenses | -71,000 | -3,000 | -45,000 | -51,000 | -19,000 | -31,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Decrease in taxes, including income taxes | |||||||||||||||||||||
94,000 | -133,000 | -13,000 | -49,000 | -24,000 | -37,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Decrease in taxes, including income taxes | 94,000 | -133,000 | -13,000 | -49,000 | -24,000 | -37,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Pension contributions (M) | |||||||||||||||||||||
11,000 | 5,000 | 4,000 | 5,000 | 3,000 | 5,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Pension contributions (M) | 11,000 | 5,000 | 4,000 | 5,000 | 3,000 | 5,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Increase in noncurrent assets | |||||||||||||||||||||
113,000 | 37,000 | 29,000 | -7,000 | 23,000 | 100,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Increase in noncurrent assets | 113,000 | 37,000 | 29,000 | -7,000 | 23,000 | 100,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Decrease in noncurrent liabilities | |||||||||||||||||||||
45,000 | -46,000 | -58,000 | 33,000 | -37,000 | -22,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Decrease in noncurrent liabilities | 45,000 | -46,000 | -58,000 | 33,000 | -37,000 | -22,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
CASH PROVIDED FROM OPERATIONS | |||||||||||||||||||||
69,000 | -13,000 | -163,000 | 118,000 | 134,000 | 536,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
CASH PROVIDED FROM OPERATIONS | 69,000 | -13,000 | -163,000 | 118,000 | 134,000 | 536,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
FINANCING ACTIVITIES | |||||||||||||||||||||
Additions to debt | |||||||||||||||||||||
55,000 | - | 25,000 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Additions to debt | 55,000 | - | 25,000 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net transfers from former parent company | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net transfers from former parent company | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash paid to former parent company related to separation (A) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash paid to former parent company related to separation (A) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in short-term borrowings (original maturities of three months or less) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in short-term borrowings (original maturities of three months or less) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payments on debt | |||||||||||||||||||||
23,000 | 15,000 | 1,000 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payments on debt | 23,000 | 15,000 | 1,000 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Proceeds from the exercise of employee stock options | |||||||||||||||||||||
- | - | 1,000 | - | - | 1,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from the exercise of employee stock options | - | - | 1,000 | - | - | 1,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Repurchase of common stock | |||||||||||||||||||||
- | - | - | - | 150,000 | 275,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Repurchase of common stock | - | - | - | - | 150,000 | 275,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Dividends paid on Alcoa common stock | |||||||||||||||||||||
18,000 | 18,000 | 18,000 | 17,000 | 18,000 | 19,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Dividends paid on Alcoa common stock | 18,000 | 18,000 | 18,000 | 17,000 | 18,000 | 19,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payments related to tax withholding on stock-based compensation awards | |||||||||||||||||||||
- | - | 34,000 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payments related to tax withholding on stock-based compensation awards | - | - | 34,000 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Financial contributions for the divestiture of businesses (C) | |||||||||||||||||||||
19,000 | 11,000 | 14,000 | 14,000 | 10,000 | 6,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Financial contributions for the divestiture of businesses (C) | 19,000 | 11,000 | 14,000 | 14,000 | 10,000 | 6,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Contributions from noncontrolling interest | |||||||||||||||||||||
42,000 | 36,000 | 86,000 | 64,000 | 67,000 | 37,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Contributions from noncontrolling interest | 42,000 | 36,000 | 86,000 | 64,000 | 67,000 | 37,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Distributions to noncontrolling interest | |||||||||||||||||||||
2,000 | 16,000 | 6,000 | 60,000 | 74,000 | 83,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Distributions to noncontrolling interest | 2,000 | 16,000 | 6,000 | 60,000 | 74,000 | 83,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other | |||||||||||||||||||||
- | - | 1,000 | -1,000 | - | -4,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other | - | - | 1,000 | -1,000 | - | -4,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
CASH PROVIDED FROM (USED FOR) FINANCING ACTIVITIES | |||||||||||||||||||||
35,000 | -24,000 | 40,000 | -25,000 | -185,000 | -349,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
CASH PROVIDED FROM (USED FOR) FINANCING ACTIVITIES | 35,000 | -24,000 | 40,000 | -25,000 | -185,000 | -349,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Capital expenditures | |||||||||||||||||||||
145,000 | 115,000 | 83,000 | 171,000 | 128,000 | 107,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Capital expenditures | 145,000 | 115,000 | 83,000 | 171,000 | 128,000 | 107,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Proceeds from the sale of assets | |||||||||||||||||||||
- | 1,000 | 1,000 | - | 1,000 | 2,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from the sale of assets | - | 1,000 | 1,000 | - | 1,000 | 2,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Additions to investments | |||||||||||||||||||||
15,000 | 16,000 | 20,000 | - | 11,000 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Additions to investments | 15,000 | 16,000 | 20,000 | - | 11,000 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in restricted cash (L) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in restricted cash (L) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
CASH USED FOR INVESTING ACTIVITIES | |||||||||||||||||||||
-166,000 | -120,000 | -102,000 | -171,000 | -138,000 | -93,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
CASH USED FOR INVESTING ACTIVITIES | -166,000 | -120,000 | -102,000 | -171,000 | -138,000 | -93,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | |||||||||||||||||||||
- | 3,000 | 2,000 | 11,000 | -18,000 | -11,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | - | 3,000 | 2,000 | 11,000 | -18,000 | -11,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net change in cash and cash equivalents and restricted cash | |||||||||||||||||||||
-67,000 | -154,000 | -223,000 | -67,000 | -207,000 | 83,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net change in cash and cash equivalents and restricted cash | -67,000 | -154,000 | -223,000 | -67,000 | -207,000 | 83,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||