Alcoa Corporation (AA)
NYSE: AA · Real-Time Price · USD
40.76
-0.03 (-0.07%)
Oct 21, 2026, 2:38 PM EDT - Market open
Alcoa Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 1,528 | 1,157 | 60 | -651 | -123 | 429 |
Depreciation & Amortization | 673 | 623 | 642 | 632 | 617 | 664 |
Loss (Gain) From Sale of Assets | 12 | -784 | 37 | 18 | 10 | -354 |
Asset Writedown & Restructuring Costs | -390 | 482 | -15 | 48 | -63 | 31 |
Loss (Gain) From Sale of Investments | 77 | -197 | - | - | - | - |
Loss (Gain) on Equity Investments | 26 | 10 | -2 | 201 | 4 | -138 |
Stock-Based Compensation | 51 | 41 | 36 | 35 | 40 | 39 |
Other Operating Activities | 615 | 329 | 379 | 102 | 1,202 | 1,500 |
Change in Accounts Receivable | -253 | 71 | -493 | 104 | -59 | -414 |
Change in Inventory | -345 | -57 | 51 | 243 | -547 | -639 |
Change in Accounts Payable | 262 | 63 | 190 | -74 | 189 | 354 |
Change in Income Taxes | -42 | -42 | 95 | -146 | -152 | 301 |
Change in Other Net Operating Assets | -605 | -511 | -358 | -421 | -296 | -853 |
Operating Cash Flow | 1,609 | 1,185 | 622 | 91 | 822 | 920 |
Operating Cash Flow Growth | 51.36% | 90.51% | 583.52% | -88.93% | -10.65% | 133.50% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -719 | -618 | -580 | -531 | -480 | -390 |
Sale of Property, Plant & Equipment | 10 | 5 | 3 | 4 | 5 | 966 |
Investment in Securities | -86 | 102 | -37 | -70 | -22 | -11 |
Other Investing Activities | 29 | 9 | 6 | 12 | 2 | - |
Investing Cash Flow | -766 | -502 | -608 | -585 | -495 | 565 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 1,049 | 1,032 | 127 | 4 | 495 |
Total Debt Issued | 2,713 | 1,049 | 1,032 | 127 | 4 | 495 |
Long-Term Debt Repaid | - | -1,213 | -679 | -72 | -1 | -1,294 |
Total Debt Repaid | -476 | -1,213 | -679 | -72 | -1 | -1,294 |
Net Debt Issued (Repaid) | 2,237 | -164 | 353 | 55 | 3 | -799 |
Issuance of Common Stock | - | - | - | 1 | 22 | 25 |
Repurchase of Common Stock | -15 | -8 | -15 | -34 | -519 | -151 |
Preferred Dividends Paid | - | -1 | -1 | - | - | - |
Common Dividends Paid | -106 | -104 | -89 | -72 | -72 | -19 |
Dividends Paid | -106 | -105 | -90 | -72 | -72 | -19 |
Other Financing Activities | 9 | 16 | -47 | 107 | -202 | -214 |
Financing Cash Flow | 2,125 | -261 | 201 | 57 | -768 | -1,158 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -4 | 36 | -28 | 10 | -9 | -13 |
Net Cash Flow | 2,964 | 458 | 187 | -427 | -450 | 314 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 890 | 567 | 42 | -440 | 342 | 530 |
Free Cash Flow Growth | 71.48% | 1250.00% | - | - | -35.47% | 1192.68% |
Free Cash Flow Margin | 6.22% | 4.42% | 0.35% | -4.17% | 2.75% | 4.36% |
Free Cash Flow Per Share | 3.36 | 2.17 | 0.20 | -2.47 | 1.89 | 2.79 |
Levered Free Cash Flow | 921.75 | 1,186 | 630.38 | 338.63 | 223 | 1,683 |
Unlevered Free Cash Flow | 1,002 | 1,285 | 727.88 | 405.5 | 289.25 | 1,805 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 128 | 128 | 132 | 100 | 100 | 191 |
Cash Income Tax Paid | 167 | 167 | 157 | 319 | 504 | 152 |
Change in Working Capital | -983 | -476 | -515 | -294 | -865 | -1,251 |