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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FROM OPERATIONS    
Net income (loss) $ 548 $ (307)
Adjustments to reconcile net income (loss) to cash from operations:    
Depreciation, depletion, and amortization 148 161
Deferred income taxes 50 (63)
Equity (income) loss, net of dividends (H) (9) 23
Restructuring and other charges, net (D) 5 202
Net loss from investing activities - asset sales (P) 3 11
Net periodic pension benefit cost (L) 5 3
Stock-based compensation 11 10
(Gain) loss on mark-to-market derivative financial contracts (5) 2
Other 35 20
Changes in assets and liabilities, excluding effects of divestitures and foreign currency translation adjustments:    
Increase in receivables (85) (212)
(Increase) decrease in inventories (155) 71
Decrease (increase) in prepaid expenses and other current assets 87 (6)
Decrease in accounts payable, trade (206) (98)
Decrease in accrued expenses (206) (22)
(Decrease) increase in taxes, including income taxes (27) 18
Pension contributions (L) (12) (6)
(Increase) decrease in noncurrent assets (47) 9
Decrease in noncurrent liabilities (65) (39)
CASH PROVIDED FROM (USED FOR) OPERATIONS 75 (223)
FINANCING ACTIVITIES    
Additions to debt (K) 1,033 965
Payments on debt (K) (946) (221)
Dividends paid on Alcoa common stock (26) (19)
Payments related to tax withholding on stock-based compensation awards (5) (15)
Financial contributions for the divestiture of businesses (C) (2) (7)
Contributions from noncontrolling interest (C) 27 61
Distributions to noncontrolling interest 0 (6)
Other (4) (4)
CASH PROVIDED FROM FINANCING ACTIVITIES 77 754
INVESTING ACTIVITIES    
Capital expenditures (93) (101)
Proceeds from the sale of assets 0 1
Additions to investments (15) (17)
CASH USED FOR INVESTING ACTIVITIES (108) (117)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 12 (6)
Net change in cash and cash equivalents and restricted cash 56 408
Cash and cash equivalents and restricted cash at beginning of year 1,234 1,047
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 1,290 $ 1,455