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Alcoa AA Material Reconciling Items — Property Plant And Equipment Gross

Discontinued — last reported Q4 '17

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Other financials

Income statement

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Revenue$3.2B-5.2%
Gross profit$681.0M-26.9%
Net income$425.0M-22.4%
EPS (diluted)$1.60-22.7%

Balance sheet

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Cash & equivalents$1.4B+12.6%
Total debt$2.6B-2.6%
Total equity$5.2B+21.3%
Total assets$16.6B+14.2%

Cash flow

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Operating cash flow-$179.0M-339%
CapEx$119.0M+28.0%
Free cash flow-$298.0M-1,556%

Valuation

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Market cap$15.67B+122%
Enterprise value$16.86B+101%
P/E15.2×+6.9×
P/S1.2×+0.7×

Profitability

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Gross margin15.2%-5.2pp
Net margin8.2%+1.4pp
FCF margin4.6%+3.3pp

Returns & leverage

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Return on equity1.3%+0.7pp
Debt / equity0.5×+0.1×
Current ratio1.5×-0.2×

Where this comes from

Reported directly by Alcoa in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentGross.

The official record: Alcoa’s 10-K, filed February 26, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — property plant and equipment gross mean?
The total original cost of corporate-level physical assets not assigned to any specific business segment.
How do you interpret material reconciling items — property plant and equipment gross?
An increase indicates significant capital expenditure on centralized facilities or non-segment specific infrastructure.
How does material reconciling items — property plant and equipment gross compare across companies?
Comparable to unallocated gross asset balances reported by other large-scale mining and refining firms.