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	1,170	60	-651	-123	429
Depreciation & Amortization	623	642	632	617	664
Loss (Gain) From Sale of Assets	-784	37	18	10	-354
Asset Writedown & Restructuring Costs	1,062	29	59	-63	31
Loss (Gain) From Sale of Investments	-197	-	-	-	-
Loss (Gain) on Equity Investments	10	-2	201	4	-138
Stock-Based Compensation	41	36	35	40	39
Other Operating Activities	-245	335	91	1,202	1,500
Change in Accounts Receivable	71	-493	104	-59	-414
Change in Inventory	-57	51	243	-547	-639
Change in Accounts Payable	63	190	-74	189	354
Change in Income Taxes	-42	95	-146	-152	301
Change in Other Net Operating Assets	-530	-358	-421	-296	-853
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
Investment in Securities	102	-37	-70	-22	-11
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
Total Debt Issued	1,049	1,032	127	4	495
Long-Term Debt Repaid	-1,213	-679	-72	-1	-1,294
Total Debt Repaid	-1,213	-679	-72	-1	-1,294
Net Debt Issued (Repaid)	-164	353	55	3	-799
Issuance of Common Stock	-	-	1	22	25
Repurchase of Common Stock	-8	-15	-34	-519	-151
Preferred Dividends Paid	-1	-1	-	-	-
Common Dividends Paid	-104	-89	-72	-72	-19
Dividends Paid	-105	-90	-72	-72	-19
Other Financing Activities	16	-47	107	-202	-214
Financing Cash Flow	-261	201	57	-768	-1,158
Foreign Exchange Rate Adjustments	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%
Free Cash Flow 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
Cash Interest Paid	-	132	100	100	191
Cash Income Tax Paid	-	157	319	504	152
Levered Free Cash Flow	1,153	630.38	338.63	223	1,683
Unlevered Free Cash Flow	1,252	727.88	405.5	289.25	1,805
Change in Working Capital	-495	-515	-294	-865	-1,251

Source: S&P Global Market Intelligence. Standard template. Financial Sources.