Alcoa Corporation (AA) quarterly cash flow statement — complete operating, investing & financing history
Alcoa Corporation (AA) cash flow statement — 12-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 608M | -179M | 367M | 255M | 488M | 75M | 415M | 143M | 287M | -223M | 198M | 69M | -13M | -163M | 118M | 134M | 536M | 34M | 565M | 435M |
| Operating CF Margin % | 15.33% | -5.61% | 10.64% | 8.51% | 16.17% | 2.23% | 10.44% | 5.05% | 10.14% | -8.41% | 7.63% | 2.6% | -0.48% | -5.96% | 4.37% | 4.64% | 14.21% | 1% | 16.46% | 13.63% |
| Operating CF Growth % | 24.59% | -338.67% | -11.57% | 78.32% | 70.03% | 133.63% | 109.6% | 107.25% | 2307.69% | -36.81% | 67.8% | -48.51% | -102.43% | -579.41% | -79.12% | -69.2% | 723.26% | 466.67% | 1386.84% | 175.32% |
| Net Income | 409M | 417M | 201M | 232M | 151M | 548M | 202M | 98M | 31M | -307M | -227M | -193M | -121M | -232M | -420M | -769M | 674M | 553M | -369M | 370M |
| Depreciation & Amortization | 173M | 162M | 162M | 160M | 153M | 148M | 159M | 159M | 163M | 161M | 163M | 163M | 153M | 153M | 147M | 149M | 161M | 160M | 165M | 156M |
| Stock-Based Compensation | 17M | 13M | 8M | 10M | 12M | 11M | 5M | 9M | 12M | 10M | 8M | 6M | 11M | 10M | 12M | 8M | 11M | 9M | 13M | 8M |
| Deferred Taxes | -135M | 76M | -64M | -277M | 22M | 50M | 31M | 67M | -12M | -63M | 134M | -120M | -12M | -24M | 126M | 0 | 97M | -4M | 86M | 13M |
| Other Non-Cash Items | 328M | -52M | -435M | 47M | -43M | 22M | 83M | 77M | -19M | 255M | 33M | 85M | 84M | 287M | 109M | 729M | -215M | 133M | 766M | 28M |
| Working Capital Changes | -184M | -795M | 495M | 83M | 193M | -704M | -65M | -267M | 112M | -279M | 87M | 128M | -128M | -357M | 144M | 17M | -192M | -817M | -96M | -140M |
| Change in Receivables | -323M | -117M | -30M | -48M | 234M | -85M | -291M | 81M | -71M | -212M | -4M | 37M | 31M | 40M | -82M | 176M | -33M | -120M | -6M | -138M |
| Change in Inventory | 55M | -183M | 4M | 50M | 44M | -155M | -28M | -78M | 86M | 71M | 77M | 144M | 5M | 17M | 33M | 77M | -178M | -479M | -266M | -189M |
| Change in Payables | 94M | -195M | 323M | -27M | -27M | -206M | 339M | -92M | 41M | -98M | 201M | 2M | -4M | -273M | 199M | -108M | 179M | -81M | 201M | 121M |
| Cash from Investing | -203M | -129M | -251M | -11M | -132M | -108M | -174M | -153M | -164M | -117M | -197M | -166M | -120M | -102M | -171M | -138M | -93M | -93M | 94M | -77M |
| Capital Expenditures | -186M | -119M | -243M | -151M | -131M | -93M | -169M | -146M | -164M | -101M | -188M | -145M | -115M | -83M | -171M | -128M | -107M | -74M | -153M | -83M |
| CapEx % of Revenue | 4.69% | 3.73% | 7.05% | 5.04% | 4.34% | 2.76% | 4.25% | 5.16% | 5.79% | 3.81% | 7.24% | 5.46% | 4.23% | 3.03% | 6.33% | 4.44% | 2.84% | 2.17% | 4.46% | 2.6% |
| Acquisitions | 0 | 0 | -3M | 3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 25M | 5M | -58M | 0 | 13M | 0 | 2M | 6M | 0 | 1M | 10M | -6M | 11M | 1M | 0 | 1M | 14M | 2M | 251M | 10M |
| Cash from Financing | -353M | 60M | -206M | -65M | -67M | 77M | -394M | -84M | -75M | 754M | 6M | 35M | -24M | 40M | -25M | -185M | -349M | -209M | -192M | -545M |
| Debt Issued (Net) | -328M | 100M | -135M | -79M | -37M | 87M | -351M | -19M | -21M | 744M | 14M | 32M | -15M | 24M | 3M | 0 | 0 | 0 | 0 | -518M |
| Equity Issued (Net) | 0 | 0 | 84M | -84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -150M | -275M | -75M | -150M | 0 |
| Dividends Paid | -26M | -27M | -26M | -26M | -27M | -26M | -27M | -26M | -18M | -19M | -18M | -18M | -18M | -18M | -17M | -18M | -19M | -18M | -19M | 0 |
| Share Repurchases | 0 | 0 | 84M | -84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -150M | -275M | -75M | -150M | 0 |
| Other Financing | 1M | -13M | -129M | 124M | -3M | 16M | -16M | -39M | -36M | 29M | 10M | 21M | 9M | 34M | -11M | -17M | -55M | -116M | -23M | -27M |
| Net Change in Cash | 47M | -245M | 159M | -485M | 312M | 56M | -176M | -83M | 38M | 408M | 17M | -67M | -154M | -223M | -67M | -207M | 83M | -259M | 465M | -196M |
| Free Cash Flow | 422M | -298M | 162M | 66M | 357M | -18M | 246M | -3M | 123M | -324M | 10M | -76M | -128M | -246M | -53M | 6M | 429M | -40M | 412M | 352M |
| FCF Margin % | 10.64% | -9.33% | 4.7% | 2.2% | 11.83% | -0.53% | 6.19% | -0.11% | 4.34% | -12.22% | 0.39% | -2.86% | -4.71% | -8.99% | -1.96% | 0.21% | 11.37% | -1.18% | 12% | 11.03% |
| FCF Growth % | 18.21% | -1555.56% | -34.15% | 2300% | 190.24% | 94.44% | 2360% | 96.05% | 196.09% | -31.71% | 118.87% | -1366.67% | -129.84% | -515% | -112.86% | -98.3% | 360% | 42.03% | 664.38% | 319.05% |
| FCF per Share | 1.60 | -1.12 | 0.62 | 0.25 | 1.37 | -0.07 | 0.95 | -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 |
| FCF Conversion (FCF/Net Income) | 1.49x | -0.42x | 1.72x | 1.10x | 2.98x | 0.14x | 2.05x | 1.59x | 14.35x | 0.88x | -1.32x | -0.41x | 0.13x | 0.71x | -0.32x | -0.18x | 0.98x | 0.07x | -1.44x | 1.29x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |