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Alcoa AA Suriname Refinery And Permanent Closure — Environmental Loss Contingencies Adjustment

Discontinued — last reported Q4 '16

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$49M+2.1%

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:EnvironmentalLossContingenciesAdjustment.

The official record: Alcoa’s 10-K, filed February 26, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does suriname refinery and permanent closure — environmental loss contingencies adjustment mean?
A revision to the total estimated financial reserve set aside for environmental cleanup at a permanently closed refinery.
How do you interpret suriname refinery and permanent closure — environmental loss contingencies adjustment?
Positive adjustments indicate higher-than-expected cleanup costs, while negative adjustments indicate a downward revision of expected future liabilities.
How does suriname refinery and permanent closure — environmental loss contingencies adjustment compare across companies?
Similar to 'change in estimate' for environmental provisions or legacy liability adjustments found in the footnotes of industrial and extractive industry financial statements.