Alcoa Corporation (AA)
NYSE: AA · Real-Time Price · USD
43.17
-0.32 (-0.74%)
At close: Oct 6, 2026, 4:00 PM EDT
43.11
-0.06 (-0.14%)
After-hours: Oct 6, 2026, 7:54 PM EDT
Alcoa Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 407 | 425 | 213 | 232 | 164 | 548 | 202 | 90 | 20 | -252 | -150 | -168 | -102 | -231 | -395 | -746 | 549 | 469 | -392 | 337 |
Depreciation & Amortization | 173 | 162 | 162 | 160 | 153 | 148 | 159 | 159 | 163 | 161 | 163 | 163 | 153 | 153 | 147 | 149 | 161 | 160 | 165 | 156 |
Loss (Gain) From Sale of Assets | 1 | -1 | 1 | -787 | -1 | 3 | 19 | 1 | 6 | 11 | - | -1 | 1 | 18 | 3 | 2 | 4 | 1 | -222 | -8 |
Asset Writedown & Restructuring Costs | -4 | 18 | -422 | 885 | 14 | 5 | -265 | 30 | 18 | 202 | -136 | 22 | 24 | 149 | -765 | 710 | -75 | 67 | -42 | 33 |
Loss (Gain) From Sale of Investments | 123 | -88 | 70 | -267 | - | - | - | - | - | - | - | - | - | - | - | -58 | - | 58 | - | - |
Loss (Gain) on Equity Investments | 3 | 6 | 9 | 5 | 5 | -9 | -4 | 10 | -31 | 23 | 40 | 38 | 30 | 93 | 39 | 26 | -36 | -25 | -54 | -38 |
Stock-Based Compensation | 17 | 13 | 8 | 10 | 12 | 11 | 5 | 9 | 12 | 10 | 8 | 6 | 11 | 10 | 12 | 8 | 11 | 9 | 13 | 8 |
Provision & Write-off of Bad Debts | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1 |
Other Operating Activities | -44 | 81 | 530 | -236 | -50 | 85 | 366 | 115 | -9 | -93 | 190 | -108 | 3 | 6 | 938 | 29 | 119 | 116 | 1,197 | 93 |
Change in Accounts Receivable | -323 | -117 | -30 | -48 | 234 | -85 | -291 | 81 | -71 | -212 | -4 | 37 | 31 | 40 | -82 | 176 | -33 | -120 | -6 | -138 |
Change in Inventory | 55 | -183 | 4 | 50 | 44 | -155 | -28 | -78 | 86 | 71 | 77 | 144 | 5 | 17 | 33 | 77 | -178 | -479 | -266 | -189 |
Change in Accounts Payable | 94 | -195 | 323 | -27 | -27 | -206 | 339 | -92 | 41 | -98 | 201 | 2 | -4 | -273 | 199 | -108 | 179 | -81 | 201 | 121 |
Change in Income Taxes | 37 | -26 | -128 | 192 | -79 | -27 | 40 | -15 | 52 | 18 | -94 | 94 | -133 | -13 | -49 | -24 | -37 | -42 | 158 | 103 |
Change in Other Net Operating Assets | 69 | -274 | -203 | -84 | 19 | -243 | -127 | -167 | - | -64 | -97 | -160 | -32 | -132 | 38 | -107 | -128 | -99 | -187 | -42 |
Operating Cash Flow | 608 | -179 | 537 | 85 | 488 | 75 | 415 | 143 | 287 | -223 | 198 | 69 | -13 | -163 | 118 | 134 | 536 | 34 | 565 | 435 |
Operating Cash Flow Growth (YoY) | 24.59% | - | 29.40% | -40.56% | 70.03% | - | 109.60% | 107.25% | - | - | 67.80% | -48.51% | - | - | -79.12% | -69.19% | - | 466.67% | 1386.84% | 175.32% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -186 | -119 | -243 | -151 | -131 | -93 | -169 | -146 | -164 | -101 | -188 | -145 | -115 | -83 | -171 | -128 | -107 | -74 | -153 | -83 |
Sale of Property, Plant & Equipment | 1 | 4 | 2 | 3 | - | - | 1 | - | 1 | 1 | 2 | - | 1 | 1 | - | 1 | 2 | 2 | 251 | 10 |
Investment in Securities | -38 | -15 | -17 | 137 | -3 | -15 | -7 | -13 | - | -17 | -19 | -15 | -16 | -20 | - | -11 | 10 | -21 | -4 | -4 |
Other Investing Activities | 20 | 1 | 7 | - | 2 | - | 1 | 6 | -1 | - | 8 | -6 | 10 | - | - | - | 2 | - | - | - |
Investing Cash Flow | -203 | -129 | -251 | -11 | -132 | -108 | -174 | -153 | -164 | -117 | -197 | -166 | -120 | -102 | -171 | -138 | -93 | -93 | 94 | -77 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Long-Term Debt Issued | - | 104 | - | - | - | 1,033 | - | - | - | 965 | - | - | - | 25 | - | - | - | - | - | - |
Total Debt Issued | - | 104 | 9 | - | 7 | 1,033 | 43 | - | 24 | 965 | 47 | 55 | - | 25 | 4 | - | - | - | - | - |
Long-Term Debt Repaid | - | -4 | - | - | - | -946 | - | - | - | -221 | - | - | - | -1 | - | - | - | - | - | - |
Total Debt Repaid | -328 | -4 | -144 | -79 | -44 | -946 | -394 | -19 | -45 | -221 | -33 | -23 | -15 | -1 | -1 | - | - | - | - | -518 |
Net Debt Issued (Repaid) | -328 | 100 | -135 | -79 | -37 | 87 | -351 | -19 | -21 | 744 | 14 | 32 | -15 | 24 | 3 | - | - | - | - | -518 |
Issuance of Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | 1 | 21 | 6 | 5 |
Repurchase of Common Stock | - | -11 | -3 | - | - | -5 | - | - | - | -15 | - | - | - | -34 | - | -150 | -275 | -94 | -150 | - |
Preferred Dividends Paid | - | - | - | - | -1 | - | -1 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Common Dividends Paid | -26 | -27 | -26 | -26 | -26 | -26 | -26 | -26 | -18 | -19 | -18 | -18 | -18 | -18 | -17 | -18 | -19 | -18 | -19 | - |
Dividends Paid | -26 | -27 | -26 | -26 | -27 | -26 | -27 | -26 | -18 | -19 | -18 | -18 | -18 | -18 | -17 | -18 | -19 | -18 | -19 | - |
Other Financing Activities | 1 | -2 | -2 | - | -3 | 21 | -16 | -39 | -36 | 44 | 10 | 21 | 9 | 67 | -11 | -17 | -56 | -118 | -29 | -32 |
Financing Cash Flow | -353 | 60 | -166 | -105 | -67 | 77 | -394 | -84 | -75 | 754 | 6 | 35 | -24 | 40 | -25 | -185 | -349 | -209 | -192 | -545 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | -5 | 3 | -2 | 3 | 23 | 12 | -23 | 11 | -10 | -6 | 10 | -5 | 3 | 2 | 11 | -18 | -11 | 9 | -2 | -9 |
Net Cash Flow | 47 | -245 | 118 | -28 | 312 | 56 | -176 | -83 | 38 | 408 | 17 | -67 | -154 | -223 | -67 | -207 | 83 | -259 | 465 | -196 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 422 | -298 | 294 | -66 | 357 | -18 | 246 | -3 | 123 | -324 | 10 | -76 | -128 | -246 | -53 | 6 | 429 | -40 | 412 | 352 |
Free Cash Flow Growth (YoY) | 18.21% | - | 19.51% | - | 190.24% | - | 2360.00% | - | - | - | - | - | - | - | - | -98.30% | - | - | - | 319.05% |
Free Cash Flow Margin | 10.64% | -9.33% | 8.52% | -2.20% | 11.83% | -0.53% | 7.06% | -0.10% | 4.23% | -12.47% | 0.39% | -2.92% | -4.77% | -9.21% | -1.99% | 0.21% | 11.77% | -1.21% | 12.34% | 11.32% |
Free Cash Flow Per Share | 1.59 | -1.12 | 1.12 | -0.25 | 1.37 | -0.07 | 0.94 | -0.01 | 0.68 | -1.81 | 0.06 | -0.43 | -0.72 | -1.38 | -0.30 | 0.03 | 2.31 | -0.21 | 2.22 | 1.84 |
Levered Free Cash Flow | 328.5 | -166.75 | 496.75 | 320.25 | 460.13 | -67.88 | 351.63 | 32.75 | 223.5 | 17.13 | 260.25 | 176.88 | -57.38 | -67.5 | -12.25 | 17.38 | 87.25 | 126.63 | 313.25 | 368.38 |
Unlevered Free Cash Flow | 351 | -144.88 | 506.75 | 340.88 | 495.13 | -34.75 | 379.75 | 60.25 | 248.5 | 34 | 277.75 | 193.13 | -40.5 | -51.25 | 4 | 33 | 106 | 142.25 | 330.75 | 404.63 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash Interest Paid | - | - | 128 | - | - | - | 132 | - | - | - | 100 | - | - | - | 100 | - | - | - | 191 | - |
Cash Income Tax Paid | - | - | 167 | - | - | - | 157 | - | - | - | 319 | - | - | - | 504 | - | - | - | 152 | - |
Change in Working Capital | -68 | -795 | -34 | 83 | 191 | -716 | -67 | -271 | 108 | -285 | 83 | 117 | -133 | -361 | 139 | 14 | -197 | -821 | -100 | -145 |