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Alcoa AA Refinery — Deferred Carbon Dioxide Emission Credits

Discontinued — last reported Q4 '21

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SREGreenhouse gas allowances
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$47.51B+3.8%

Other financials

Income statement

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Revenue$3.2B-5.2%
Gross profit$681.0M-26.9%
Net income$425.0M-22.5%
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 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$16.29B+122%
Enterprise value$17.49B+101%
P/E15.8×+7.2×
P/S1.3×+0.7×

Profitability

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Gross margin15.2%-5.2pp
Net margin8.2%+1.4pp

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 aa:DeferredCarbonDioxideEmissionCredits.

The official record: Alcoa’s 10-K, filed February 24, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alcoa's refinery — deferred carbon dioxide emission credits?
Alcoa (AA) reported refinery — deferred carbon dioxide emission credits of $6M in Q4 2021.
What does refinery — deferred carbon dioxide emission credits mean?
The value of carbon emission credits held by the refinery that are reserved for future regulatory compliance or potential sale.
How do you interpret refinery — deferred carbon dioxide emission credits?
An increase indicates a growing reserve of carbon assets or lower-than-expected emissions, while a decrease signals the consumption of credits to meet regulatory requirements.
How does refinery — deferred carbon dioxide emission credits compare across companies?
Comparable to carbon credit inventories or deferred environmental assets reported by peers in the mining, metals, and heavy manufacturing sectors.