Income StatementBalance SheetCash FlowSegments
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Alcoa Cash Flow Statement

Operating, investing, and financing cash movements

Alcoa generated $931.0M in operating cash flow over the trailing twelve months. After $644.0M in capital expenditures, free cash flow was $335.0M. Free cash flow increased 7.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$931.0MNet Cash From Investing (TTM)-$523.0MNet Cash From Financing (TTM)-$278.0MCapital Expenditures (TTM)$644.0MDepreciation And Amortization Cf (TTM)$637.0MNet Change In Cash (TTM)$185.0M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$19.9B
P/E Ratio19.29

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$1.0M-$35.0M-$14.0M-$16.0M-$14.0M-$9.0M
Goodwill impairment loss$0.0$36.0M$36.0M$36.0M$36.0M—
Other non-cash income (expense)-$1.0M-$35.0M-$14.0M-$16.0M-$14.0M-$9.0M
Change in accounts payable$339.0M-$206.0M-$27.0M-$27.0M$323.0M-$195.0M
Change in accrued liabilities-$20.0M-$206.0M—-$89.0M—-$94.0M
Change in income taxes payable/receivable$40.0M-$27.0M-$79.0M$192.0M-$128.0M-$26.0M
Change in inventories—$155.0M———$183.0M
Change in other assets$0.0$47.0M$50.0M$0.0$16.0M$68.0M
Change in other liabilities-$49.0M-$65.0M-$27.0M$0.0-$203.0M-$102.0M
Other working capital changes-$1.0M-$35.0M-$14.0M-$16.0M-$14.0M-$9.0M
Change in receivables$291.0M$85.0M-$234.0M——$117.0M
Deferred income taxes$31.0M$50.0M$22.0M-$277.0M-$70.0M$76.0M
Depreciation and amortization$159.0M$148.0M$153.0M$160.0M$162.0M$162.0M
Impairment of Goodwill and Content$0.0$36.0M$36.0M$36.0M$36.0M—
Distributions from equity method investments$4.0M$9.0M-$5.0M-$5.0M-$9.0M-$6.0M
Gain (loss) on sale of assets-$19.0M-$3.0M—$787.0M—$1.0M
Impairment charges$0.0$36.0M$36.0M$36.0M$36.0M—
Other Non-Cash Income (Expense)-$1.0M-$35.0M-$14.0M-$16.0M-$14.0M-$9.0M
Other Non-cash Income (Expense)-$1.0M-$35.0M-$14.0M-$16.0M-$14.0M-$9.0M
Other Non-cash Income (Expense)-$1.0M-$35.0M-$14.0M-$16.0M-$14.0M-$9.0M
Change in other non-current liabilities-$49.0M-$65.0M-$27.0M$0.0-$203.0M-$102.0M
Net cash from operating activities$415.0M$75.0M$488.0M$85.0M$537.0M-$179.0M
Net income$202.0M$548.0M$151.0M$218.0M$202.0M$417.0M
Other non-cash income (expense)-$1.0M-$35.0M-$14.0M-$16.0M-$14.0M-$9.0M
Defined Benefit Pension Plans Net Periodic Benefit Cost$2.0M$5.0M$4.0M$5.0M$4.0M$6.0M
Gain (Loss) on Disposition of Assets-$19.0M-$3.0M—$787.0M—$1.0M
Gain Loss On Mark To Market Derivative Financial Contracts$24.0M$5.0M$77.0M——$2.0M
Income Loss From Equity Method Investments Net Of Dividends Or Distributions$4.0M$9.0M-$5.0M-$5.0M-$9.0M-$6.0M
Accounts payable$339.0M-$206.0M-$27.0M-$27.0M$323.0M-$195.0M
Income and other taxes$40.0M-$27.0M-$79.0M$192.0M-$128.0M-$26.0M
Other long-term liabilities-$49.0M-$65.0M-$27.0M$0.0-$203.0M-$102.0M
Increase (Decrease) in Prepaid Expense and Other Assets$56.0M-$87.0M-$40.0M——$7.0M
Other Noncash Income (Expense)-$1.0M-$35.0M-$14.0M-$16.0M-$14.0M-$9.0M
Payment for Pension Benefits$2.0M$12.0M$2.0M$2.0M$4.0M$3.0M
Restructuring And Other Charges Benefit Net$91.0M$5.0M$14.0M$885.0M$14.0M$18.0M
Other Non-cash Income and Expense-$1.0M-$35.0M-$14.0M-$16.0M-$14.0M-$9.0M
Pension and postretirement benefit expense$2.0M$12.0M$2.0M$2.0M$4.0M$3.0M
Other Non-Cash Adjustments-$1.0M-$35.0M-$14.0M-$16.0M-$14.0M-$9.0M
Other Non-Cash Income and Expense-$1.0M-$35.0M-$14.0M-$16.0M-$14.0M-$9.0M
Stock-based compensation$5.0M$11.0M$12.0M$10.0M$8.0M$13.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$169.0M$93.0M$131.0M$151.0M$243.0M$119.0M
Payment for (Proceeds from) Other Investing Activity-$1.0M-$0.0-$2.0M$0.0-$7.0M-$1.0M
Proceeds from disposals of property, plant and equipment$1.0M$0.0$0.0$3.0M$2.0M$4.0M
Net cash from investing activities-$174.0M-$108.0M-$132.0M-$11.0M-$251.0M-$129.0M
Other investing activities-$1.0M-$0.0-$2.0M$0.0-$7.0M-$1.0M
Proceeds from sale of property, plant and equipment$1.0M$0.0$0.0$3.0M$2.0M$4.0M
Purchases of investments$7.0M$15.0M$14.0M$13.0M$17.0M$15.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from minority shareholders—$27.0M———$0.0
Contributions from noncontrolling interests—$27.0M———$0.0
Repayments of debt$394.0M$946.0M$44.0M$79.0M$144.0M$4.0M
Dividends paid$26.0M$26.0M$26.0M$26.0M$26.0M$27.0M
Dividends paid on preferred stock$1.0M$0.0$1.0M——$0.0
Additions To Long Term Debt Issued Less Issuance Discount$43.0M$1.0B$7.0M$0.0$9.0M$104.0M
Payments For Financial Contributions For The Divestiture Of Businesses$16.0M$2.0M$3.0M$1.0M$2.0M$0.0
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$1.0M$0.0$1.0M——$0.0
Other, net—-$4.0M———-$2.0M
Net proceeds from sales of subsidiary shares—$27.0M———$0.0
Payment of Deferred Purchase Consideration—-$4.0M———-$2.0M
Noncontrolling interest transactions and other—-$4.0M———-$2.0M
Proceeds from Minority Shareholders—$27.0M———$0.0
Proceeds from Sale of Noncontrolling Interests—$27.0M———$0.0
Net cash from financing activities—$77.0M-$67.0M-$105.0M-$166.0M$60.0M
Other financing activities—-$4.0M———-$2.0M
Noncontrolling Interests Activity and Other—-$4.0M———-$2.0M
Proceeds from Minority Shareholders—$27.0M———$0.0
Proceeds from Minority Shareholders—$27.0M———$0.0
Taxes paid for net share settlement—$5.0M——$3.0M$11.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$246.0M-$18.0M$357.0M—$294.0M-$298.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$23.0M$12.0M$23.0M$3.0M$0.0$3.0M
Net increase (decrease) in cash—$56.0M$312.0M$0.0$118.0M-$245.0M