Alcoa Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,119	24	-773	38	570
Depreciation & Amortization	623	642	632	617	664
Stock-Based Compensation	41	36	35	40	39
Other Adjustments	75	435	491	992	898
Change in Receivables	71	-493	104	-59	-414
Changes in Inventories	-57	51	243	-547	-639
Changes in Accounts Payable	63	190	-74	189	354
Changes in Accrued Expenses	-203	-108	-133	-173	-38
Changes in Income Taxes Payable	-42	95	-146	-152	301
Changes in Other Operating Activities	-308	-250	-288	-123	-815
Operating Cash Flow	1,185	622	91	822	920
Operating Cash Flow Growth	90.51%	583.52%	-88.93%	-10.65%	133.50%
Capital Expenditures	-618	-580	-531	-480	-390
Sale of Property, Plant & Equipment	5	3	4	5	966
Purchases of Investments	-59	-37	-70	-32	-11
Proceeds from Sale of Investments	161	-	-	10	-
Proceeds from Business Divestments	5	3	4	5	966
Other Investing Activities	9	6	12	2	-
Investing Cash Flow	-502	-608	-585	-495	565
Long-Term Debt Issued	1,049	1,032	127	4	495
Long-Term Debt Repaid	-1,213	-679	-72	-1	-1,294
Net Long-Term Debt Issued (Repaid)	-164	353	55	3	-799
Issuance of Common Stock	-	-	1	22	25
Repurchase of Common Stock	-	-	-	-500	-150
Net Common Stock Issued (Repurchased)	-	-	1	-478	-125
Common Dividends Paid	-104	-89	-72	-72	-19
Preferred Share Dividends Paid	-1	-1	-	-	-
Other Financing Activities	8	-62	73	-221	-215
Financing Cash Flow	-261	201	57	-768	-1,158
Effect of Exchange Rate Changes on Cash and Cash Equivalents	36	-28	10	-9	-13
Net Cash Flow	458	187	-427	-450	314
Free Cash Flow	567	42	-440	342	530
Free Cash Flow Growth	1250.00%	-	-	-35.47%	1192.68%
FCF Margin	4.42%	0.35%	-4.17%	2.75%	4.36%
Free Cash Flow Per Share	2.17	0.20	-2.47	1.89	2.79
Levered Free Cash Flow	451	453	-893	-789	-933
Unlevered Free Cash Flow	-368.47	84.51	-751.01	21	386

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.