Company research
Novelis Inc.
CIK 1304280Updated Sep 26, 2026
Filing activity
Latest filing
50 filings on record · 8-K, 10-Q, 10-K/A, 10-K, RW, CERT.
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Show 5 more recent filings
10-K/A filing
10-K filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Financials
FY 2026 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 20,946,000,000Source | 16,515,000,000Source | 14,628,000,000Source | 14,364,000,000Source |
| Property, Plant and Equipment, NetUSD | 8,811,000,000Source | 6,851,000,000Source | 5,741,000,000Source | 4,900,000,000Source |
| GoodwillUSD | 1,079,000,000Source | 1,074,000,000Source | 1,074,000,000Source | 1,076,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,254,000,000Source | 1,036,000,000Source | 1,309,000,000Source | 1,498,000,000Source |
| Inventory, NetUSD | 4,401,000,000Source | 3,054,000,000Source | 2,515,000,000Source | 2,729,000,000Source |
| Assets, CurrentUSD | 8,993,000,000Source | 6,715,000,000Source | 5,943,000,000Source | 6,460,000,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 354,000,000Source | 234,000,000Source | 152,000,000Source | 178,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 116,000,000Source | 115,000,000Source | 124,000,000Source | 127,000,000Source |
| Other Assets, NoncurrentUSD | — | — | — | 293,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 15,762,000,000Source | 12,000,000,000Source | 10,818,000,000Source | 10,910,000,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Retained Earnings (Accumulated Deficit)USD | 3,770,000,000Source | 3,755,000,000Source | 3,072,000,000Source | 2,472,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -621,000,000Source | -358,000,000Source | -381,000,000Source | -238,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 5,172,000,000Source | 4,505,000,000Source | 3,799,000,000Source | 3,442,000,000Source |
| Additional Paid in Capital, Common StockUSD | 2,023,000,000Source | 1,108,000,000Source | 1,108,000,000Source | 1,208,000,000Source |
| Liabilities and EquityUSD | 20,946,000,000Source | 16,515,000,000Source | 14,628,000,000Source | 14,364,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 8,282,000,000Source | 5,114,000,000Source | 4,835,000,000Source | 4,899,000,000Source |
| Operating Lease, Liability, CurrentUSD | 21,000,000Source | 21,000,000Source | 23,000,000Source | 24,000,000Source |
| Accounts Payable, CurrentUSD | — | — | — | 3,100,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 91,000,000Source | 89,000,000Source | 81,000,000Source | 82,000,000Source |
| Other Liabilities, NoncurrentUSD | 305,000,000Source | 284,000,000Source | 305,000,000Source | 288,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 12,000,000Source | 10,000,000Source | 11,000,000Source | 12,000,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 780,000,000Source | 666,000,000Source | 627,000,000Source | 633,000,000Source |
| Deferred Tax Liabilities, NetUSD | — | 107,000,000Source | 110,000,000Source | 122,000,000Source |
| Long-term DebtUSD | 6,572,000,000Source | 5,790,000,000Source | 4,876,000,000Source | 4,939,000,000Source |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 15,000,000Source | 683,000,000Source | 600,000,000Source | 657,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 616,000,000Source | 575,000,000Source | 554,000,000Source | 540,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 542,000,000Source | 330,000,000Source | 25,000,000Source | -783,000,000Source |
| Increase (Decrease) in InventoriesUSD | 1,300,000,000Source | 579,000,000Source | -185,000,000Source | -235,000,000Source |
| Increase (Decrease) in Accounts PayableUSD | 1,150,000,000Source | 705,000,000Source | -119,000,000Source | -759,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | -193,000,000Source | -27,000,000Source | 20,000,000Source | -45,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -193,000,000Source | 951,000,000Source | 1,315,000,000Source | 1,208,000,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 2,000,000Source | 0Source | 7,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -2,164,000,000Source | -1,690,000,000Source | -1,388,000,000Source | -775,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -18,000,000Source | -12,000,000Source | -14,000,000Source | -19,000,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 2,566,000,000Source | 472,000,000Source | -98,000,000Source | 24,000,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,261,000,000Source | 1,041,000,000Source | 1,322,000,000Source | 1,511,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 242,000,000Source | 247,000,000Source | 279,000,000Source | 258,000,000Source |
| Income Taxes Paid, NetUSD | 180,000,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 11,000,000Source | -14,000,000Source | -18,000,000Source | -30,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 26,000,000Source | 39,000,000Source | 29,000,000Source | 15,000,000Source |
| Amortization of Debt Issuance CostsUSD | 15,000,000Source | 13,000,000Source | 12,000,000Source | 16,000,000Source |
| Amortization of Intangible AssetsUSD | 82,000,000Source | 83,000,000Source | 73,000,000Source | 74,000,000Source |
| DepreciationUSD | 534,000,000Source | 492,000,000Source | 481,000,000Source | 466,000,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 121,000,000Source | 70,000,000Source | -37,000,000Source | 114,000,000Source |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | — | — | — | 0Source |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | 0Source | 0Source | -2,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -7,000,000Source | -7,000,000Source | -10,000,000Source | -21,000,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -17,000,000Source | 2,000,000Source | -2,000,000Source | 4,000,000Source |
| Gain (Loss) on Disposition of BusinessUSD | 7,000,000Source | — | 0Source | 0Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 5,000,000Source | -4,000,000Source | -6,000,000Source | -1,000,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | 0Source | 0Source | 1,000,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -3,000,000Source | -7,000,000Source | -5,000,000Source | 0Source |
| GoodwillUSD | 1,079,000,000Source | 1,074,000,000Source | 1,074,000,000Source | 1,076,000,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | 683,000,000Source | 600,000,000Source | 659,000,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | 0Source | 0Source | -2,000,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | 0Source | 0Source | -2,000,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -2,000,000Source | 3,000,000Source | 4,000,000Source | 16,000,000Source |
| Income Tax Expense (Benefit)USD | 1,000,000Source | 159,000,000Source | 218,000,000Source | 147,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 15,000,000Source | 683,000,000Source | 600,000,000Source | 658,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 0Source | 0Source | -1,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 545,455Source | — |
| Other Nonoperating Income (Expense)USD | -960,000,000Source | -134,000,000Source | 22,000,000Source | -79,000,000Source |
| Proceeds from Contributions from ParentUSD | 950,000,000Source | — | — | — |
| Restructuring Costs and Asset Impairment ChargesUSD | 195,000,000Source | 53,000,000Source | 42,000,000Source | 33,000,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | -87,000,000Source | 44,000,000Source | -40,000,000Source | 28,000,000Source |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total RevenueUSD | 18,434,000,000Source | 17,149,000,000Source | 16,210,000,000Source | 18,486,000,000Source |
| Selling, General and Administrative ExpenseUSD | 697,000,000Source | 695,000,000Source | 717,000,000Source | 679,000,000Source |
| Operating Income (Loss)USD | 1,645,000,000Source | 1,802,000,000Source | — | — |
| Other Nonoperating Income (Expense)USD | -960,000,000Source | -134,000,000Source | 22,000,000Source | -79,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 16,000,000Source | 842,000,000Source | 818,000,000Source | 806,000,000Source |
| Income Tax Expense (Benefit)USD | 1,000,000Source | 159,000,000Source | 218,000,000Source | 147,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 0Source | 0Source | -1,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 15,000,000Source | 683,000,000Source | 600,000,000Source | 658,000,000Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 1,100Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 1,100Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 82,000,000Source | 83,000,000Source | 73,000,000Source | 74,000,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | — | 0Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 15,587,000,000Source | 14,469,000,000Source | 13,704,000,000Source | 15,996,000,000Source |
| Costs and ExpensesUSD | 18,418,000,000Source | 16,307,000,000Source | 15,392,000,000Source | 17,680,000,000Source |
| Current Income Tax Expense (Benefit)USD | 194,000,000Source | 186,000,000Source | 198,000,000Source | 192,000,000Source |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | 0Source | 0Source | -2,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -7,000,000Source | -7,000,000Source | -10,000,000Source | -21,000,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | 0Source | 0Source | 1,000,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | 683,000,000Source | 600,000,000Source | 659,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 161,000,000Source | 92,000,000Source | 73,000,000Source | 61,000,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | 0Source | 0Source | -2,000,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | 0Source | 0Source | -2,000,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -2,000,000Source | 3,000,000Source | 4,000,000Source | 16,000,000Source |
| Interest ExpenseUSD | 265,000,000Source | 275,000,000Source | 298,000,000Source | 274,000,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -20,000,000Source | -23,000,000Source | -23,000,000Source | -20,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 545,455Source | — |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | — | — | 545,455Source | — |
| Research and Development ExpenseUSD | 93,000,000Source | 102,000,000Source | 98,000,000Source | 95,000,000Source |