Company research
Alcoa Corp
CIK 1675149Updated Sep 24, 2026
SecurityAA · NYSE · equity
Name history
Alcoa Upstream Corp · through Oct 31, 2016
AA price & chart
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NYSE:AA on TradingView ↗About the company
Alcoa is a global industry leader in bauxite, alumina and aluminum products with a vision to build a legacy of excellence for future generations. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater safety, efficiency, sustainability and stronger communities wherever we operate.
In the news
Recent filings
425 filing
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Regulation FD Disclosure · Other Events
Items 1.01, 2.03, 7.01, 8.01, 9.01
SD filing
425 filing
425 filing
Show 5 more recent filings
Other Events
Items 8.01, 9.01
425 filing
Other Events
Items 8.01, 9.01
425 filing
Regulation FD Disclosure · Other Events
Items 7.01, 8.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 16,129,000,000Source | 14,064,000,000Source | 14,155,000,000Source | 14,756,000,000Source |
| Property, Plant and Equipment, NetUSD | 6,700,000,000Source | 6,389,000,000Source | 6,785,000,000Source | 6,493,000,000Source |
| GoodwillUSD | 0Source | 142,000,000Source | 146,000,000Source | 145,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,597,000,000Source | 1,138,000,000Source | 944,000,000Source | 1,363,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,064,000,000Source | 1,096,000,000Source | 656,000,000Source | 778,000,000Source |
| Inventory, NetUSD | 2,177,000,000Source | 1,998,000,000Source | 2,158,000,000Source | 2,427,000,000Source |
| Assets, CurrentUSD | 5,469,000,000Source | 4,914,000,000Source | 4,405,000,000Source | 5,250,000,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 378,000,000Source | 514,000,000Source | 466,000,000Source | 417,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 313,000,000Source | 259,000,000Source | 135,000,000Source | 89,000,000Source |
| Other Assets, NoncurrentUSD | 1,365,000,000Source | 1,497,000,000Source | 1,650,000,000Source | 1,593,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 9,935,000,000Source | 8,907,000,000Source | 8,310,000,000Source | 8,167,000,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | — | — |
| Common Stock, Value, IssuedUSD | 3,000,000Source | 3,000,000Source | 2,000,000Source | 2,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | -271,000,000Source | -1,323,000,000Source | -1,293,000,000Source | -570,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -5,189,000,000Source | -5,110,000,000Source | -3,645,000,000Source | -3,539,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | — | 5,157,000,000Source | 4,251,000,000Source | 5,076,000,000Source |
| Additional Paid in Capital, Common StockUSD | 11,575,000,000Source | 11,587,000,000Source | 9,187,000,000Source | 9,183,000,000Source |
| Liabilities and EquityUSD | 16,129,000,000Source | 14,064,000,000Source | 14,155,000,000Source | 14,756,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 3,801,000,000Source | 3,395,000,000Source | 3,030,000,000Source | 3,004,000,000Source |
| Operating Lease, Liability, CurrentUSD | 49,000,000Source | 38,000,000Source | 31,000,000Source | 30,000,000Source |
| Accounts Payable, CurrentUSD | 1,938,000,000Source | 1,805,000,000Source | 1,714,000,000Source | 1,757,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 259,000,000Source | 223,000,000Source | 104,000,000Source | 59,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | 0Source | 1,594,000,000Source | 1,513,000,000Source |
| Additional Financial Items | ||||
| Deferred Revenue, NoncurrentUSD | 4,000,000Source | 12,000,000Source | 20,000,000Source | 28,000,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 1,000,000Source | 75,000,000Source | 79,000,000Source | 1,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 2,438,000,000Source | 2,470,000,000Source | 1,732,000,000Source | 1,806,000,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 76,000,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 1,119,000,000Source | 24,000,000Source | -773,000,000Source | 38,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 623,000,000Source | 642,000,000Source | 632,000,000Source | 617,000,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 41,000,000Source | 36,000,000Source | 35,000,000Source | 40,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 57,000,000Source | -51,000,000Source | -243,000,000Source | 547,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | -275,000,000Source | 23,000,000Source | -22,000,000Source | 219,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 1,185,000,000Source | 622,000,000Source | 91,000,000Source | 822,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -502,000,000Source | -608,000,000Source | -585,000,000Source | -495,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -9,000,000Source | -6,000,000Source | -12,000,000Source | -2,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 618,000,000Source | 580,000,000Source | 531,000,000Source | 480,000,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 8,000,000Source | 15,000,000Source | 34,000,000Source | 19,000,000Source |
| Payments for Repurchase of Common StockUSD | — | 0Source | — | 500,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -261,000,000Source | 201,000,000Source | 57,000,000Source | -768,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 104,000,000Source | 89,000,000Source | 72,000,000Source | 72,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -3,000,000Source | -5,000,000Source | 1,000,000Source | -4,000,000Source |
| Repayments of Long-term DebtUSD | 1,213,000,000Source | 679,000,000Source | 72,000,000Source | 1,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 458,000,000Source | 187,000,000Source | -427,000,000Source | -450,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,692,000,000Source | 1,234,000,000Source | 1,047,000,000Source | 1,474,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 128,000,000Source | 132,000,000Source | 100,000,000Source | 100,000,000Source |
| Income Taxes Paid, NetUSD | 167,000,000Source | 157,000,000Source | 319,000,000Source | 504,000,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 36,000,000Source | -28,000,000Source | 10,000,000Source | -9,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 6,000,000Source | 5,000,000Source | 5,000,000Source | 7,000,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 40,000,000Source | 38,000,000Source | 33,000,000Source | 20,000,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and CurtailmentUSD | 1,000,000Source | 1,000,000Source | -21,000,000Source | -632,000,000Source |
| Environmental Remediation ExpenseUSD | 38,000,000Source | 5,000,000Source | 27,000,000Source | 21,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -2,000,000Source | -126,000,000Source | 64,000,000Source | -9,000,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | -5,000,000Source | -37,000,000Source | -14,000,000Source | -10,000,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 784,000,000Source | -37,000,000Source | -18,000,000Source | -10,000,000Source |
| Gain (Loss) on Sale of InvestmentsUSD | 789,000,000Source | — | — | — |
| GoodwillUSD | 0Source | 142,000,000Source | 146,000,000Source | 145,000,000Source |
| Goodwill, Impairment LossUSD | 144,000,000Source | — | — | — |
| Income (Loss) from Equity Method Investments, Net of Dividends or DistributionsUSD | -10,000,000Source | 2,000,000Source | -201,000,000Source | -4,000,000Source |
| Income Tax Expense (Benefit)USD | -55,000,000Source | 265,000,000Source | 189,000,000Source | 664,000,000Source |
| Marketable Securities, Unrealized Gain (Loss)USD | 197,000,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | 1,157,000,000Source | 60,000,000Source | -651,000,000Source | -123,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -38,000,000Source | -36,000,000Source | -122,000,000Source | 161,000,000Source |
| Nonoperating Income (Expense)USD | 1,057,000,000Source | -91,000,000Source | -134,000,000Source | 118,000,000Source |
| Other Nonoperating Income (Expense)USD | 79,000,000Source | 54,000,000Source | 62,000,000Source | 50,000,000Source |
| Payments to Acquire InvestmentsUSD | 59,000,000Source | 37,000,000Source | 70,000,000Source | 32,000,000Source |
| Proceeds from Noncontrolling InterestsUSD | 27,000,000Source | 65,000,000Source | 188,000,000Source | 214,000,000Source |
| Proceeds from Stock Options ExercisedUSD | 0Source | 0Source | 1,000,000Source | 22,000,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | 83,000,000Source | 58,000,000Source | -5,000,000Source | 174,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 12,831,000,000Source | 11,895,000,000Source | 10,551,000,000Source | 12,451,000,000Source |
| Selling, General and Administrative ExpenseUSD | 299,000,000Source | 275,000,000Source | 226,000,000Source | 204,000,000Source |
| Other Nonoperating Income (Expense)USD | 79,000,000Source | 54,000,000Source | 62,000,000Source | 50,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 1,064,000,000Source | 289,000,000Source | -584,000,000Source | 702,000,000Source |
| Income Tax Expense (Benefit)USD | -55,000,000Source | 265,000,000Source | 189,000,000Source | 664,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -38,000,000Source | -36,000,000Source | -122,000,000Source | 161,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,157,000,000Source | 60,000,000Source | -651,000,000Source | -123,000,000Source |
| Earnings Per Share, BasicUSD per share | 4.4Source | 0.26Source | -3.65Source | -0.68Source |
| Earnings Per Share, DilutedUSD per share | 4.37Source | 0.26Source | -3.65Source | -0.68Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 259,000,000Source | 212,000,000Source | 178,000,000Source | 181,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 261,000,000Source | 214,000,000Source | 178,000,000Source | 181,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 6,000,000Source | 5,000,000Source | 5,000,000Source | 7,000,000Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 10,658,000,000Source | 10,044,000,000Source | 9,813,000,000Source | 10,212,000,000Source |
| Current Income Tax Expense (Benefit)USD | 220,000,000Source | 242,000,000Source | 211,000,000Source | 445,000,000Source |
| Environmental Remediation ExpenseUSD | 38,000,000Source | 5,000,000Source | 27,000,000Source | 21,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -2,000,000Source | -126,000,000Source | 64,000,000Source | -9,000,000Source |
| Goodwill, Impairment LossUSD | 144,000,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 38,000,000Source | -351,000,000Source | -277,000,000Source | -652,000,000Source |
| Interest ExpenseUSD | 158,000,000Source | 156,000,000Source | 107,000,000Source | 106,000,000Source |
| Nonoperating Income (Expense)USD | 1,057,000,000Source | -91,000,000Source | -134,000,000Source | 118,000,000Source |
| Research and Development ExpenseUSD | 24,000,000Source | 57,000,000Source | 39,000,000Source | 32,000,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 15,000,000Source | 3,000,000Source | — | — |
Filing attachments
aa-ex4_1.htm · 8-K · 2026-09-23
Exhibit 4.1 INDENTURE among ALUMINA PTY LTD (ABN 85 004 820 419), ALCOA CORPORATION, THE SUBSIDIARY GUARANTORS PARTY HERETO and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee, dated as of September 23, 2026 Table of Contents Page ARTICLE 1. DEFINITIONS AND INCORPORATION BY REFERENCE SECTION 1.1 Definitions. …
Read attachment ↗aa-ex4_2.htm · 8-K · 2026-09-23
Exhibit 4.2 INDENTURE among ALCOA NEDERLAND HOLDING B.V., ALCOA CORPORATION, THE SUBSIDIARY GUARANTORS PARTY HERETO and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee, dated as of September 23, 2026 Table of Contents Page ARTICLE 1. DEFINITIONS AND INCORPORATION BY REFERENCE SECTION 1.1 Definitions. …
Read attachment ↗aa-ex99_1.htm · 8-K · 2026-09-23
Exhibit 99.1 FOR IMMEDIATE RELEASE Alcoa Corporation Announces Closing of Debt Offering to Finance Cash Consideration for Acquisition of South32’s Bauxite, Alumina and Aluminum Assets September 23, 2026 - Pittsburgh - Alcoa Corporation (NYSE:AA, ASX:AAI) (“Alcoa”) announced today the closing of the offering of $2,600,000,000 aggregate principal amount of senior notes (the “notes”), consisting of $1,500,000,000 aggregate principal amount of 6.625% senior notes due 2034 issued by Alumina Pty Lt…
Read attachment ↗d23778dex991.htm · 8-K · 2026-09-11
EX-99.1 2 d23778dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 OF NOTICE MEETING 2026 Date Thursday, 15 October 2026 Time 12.00pm (AWST) Location Perth Convention and Exhibition Centre, 21 Mounts Bay Road, Perth, Western Australia and online by entering https://meetnow.global/S32AGM2026 into your browser. If it becomes necessary to make alternative or supplementary arrangements to hold the Meeting to those set out in this Notice of Meeting, Shareholders will be given as much notice as possible. …
Read attachment ↗aa-ex99_1.htm · 8-K · 2026-09-10
EX-99.1 2 aa-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Alcoa Corporation Announces Pricing of Debt Offering to Finance Cash Consideration for Acquisition of South32’s Bauxite, Alumina and Aluminum Assets September 9, 2026 - Pittsburgh - Alcoa Corporation (NYSE:AA, ASX: AAI) (“Alcoa”) announced today the pricing of the previously announced offering of $2,600,000,000 aggregate principal amount of senior notes (the “notes”), consisting of $1,500,000,000 aggregate princip…
Read attachment ↗aa-ex99_1.htm · 8-K · 2026-09-09
EX-99.1 2 aa-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 The following information has been excerpted from the preliminary offering memorandum, dated September 9, 2026, prepared by Alcoa Corporation and the issuers named therein (the “offering memorandum”). Certain of the information set forth below has not previously been publicly disclosed and is being provided to prospective investors in connection with the offering of the notes pursuant to the offering memorandum. For purposes of this Exhi…
Read attachment ↗