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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash from Operations      
Net income (loss) $ 570 $ (14) $ (853)
Adjustments to reconcile net income (loss) to cash from operations:      
Depreciation, depletion, and amortization 664 653 713
Deferred income taxes (Q) 147 (26) 15
Equity earnings, net of dividends (H) (138) 20 21
Restructuring and other charges, net (D) 1,128 104 1,031
Net gain from investing activities—asset sales (U) (354) (173) (3)
Net periodic pension benefit cost (O) 47 138 119
Stock-based compensation (N) 39 25 30
Provision for bad debt expense 1 2 21
Premium paid on early redemption of debt 43    
Other 24 32 30
Changes in assets and liabilities, excluding effects of divestitures and foreign currency translation adjustments:      
(Increase) decrease in receivables (414) 16 283
(Increase) decrease in inventories (J) (639) 122 137
(Increase) decrease in prepaid expenses and other current assets (41) 17 27
Increase (decrease) in accounts payable, trade 354 25 (153)
(Decrease) in accrued expenses (38) (153) (175)
Increase (decrease) in taxes, including income taxes 301 119 (330)
Pension contributions (O) (579) (343) (173)
(Increase) in noncurrent assets (160) (82) (24)
(Decrease) in noncurrent liabilities (35) (88) (30)
Cash provided from operations 920 394 686
Financing Activities      
Additions to debt (original maturities greater than three months) (M) 495 739  
Payments on debt (original maturities greater than three months) (M) (1,294) (1) (7)
Proceeds from the exercise of employee stock options (N) 25 1 2
Repurchase of common stock (N) (150)    
Dividends paid on Alcoa common stock (N) (19)    
Financial contributions for the divestiture of businesses (C) (17) (38) (12)
Contributions from noncontrolling interest (A) 21 24 51
Distributions to noncontrolling interest (215) (207) (472)
Other (4) (4) (6)
Cash (used for) provided from financing activities (1,158) 514 (444)
Investing Activities      
Capital expenditures (390) (353) (379)
Proceeds from the sale of assets and businesses (C) 966 198 23
Additions to investments (H) (11) (12) (112)
Cash provided from (used for) investing activities 565 (167) (468)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (13) (14) (7)
Net change in cash and cash equivalents and restricted cash 314 727 (233)
Cash and cash equivalents and restricted cash at beginning of year 1,610 883 1,116
Cash and cash equivalents and restricted cash at end of year $ 1,924 $ 1,610 $ 883