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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$18.1B
P/E Ratio17.55
ROE1.28%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$169M$93M$131M$151M$243M$119M
Payment for (Proceeds from) Other Investing Activity-$1M-$0-$2M$0-$7M-$1M
Proceeds from disposals of property, plant and equipment$1M$0$0$3M$2M$4M
Net cash from investing activities-$174M-$108M-$132M-$11M-$251M-$129M
Other investing activities-$1M-$0-$2M$0-$7M-$1M
Proceeds from sale of property, plant and equipment$1M$0$0$3M$2M$4M
Purchases of investments$7M$15M$14M$13M$17M$15M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$339M-$206M-$27M-$27M$323M-$195M
Change in accrued liabilities-$20M-$206M—-$89M—-$94M
Change in income taxes payable/receivable$40M-$27M-$79M$192M-$128M-$26M
Change in inventories—$155M———$183M
Change in other assets$0$47M$50M$0$16M$68M
Change in other liabilities-$49M-$65M-$27M$0-$203M-$102M
Other working capital changes-$1M-$35M-$14M-$16M-$14M-$9M
Change in receivables$291M$85M-$234M——$117M
Deferred income taxes$31M$50M$22M-$277M-$70M$76M
Depreciation and amortization$159M$148M$153M$160M$162M$162M
Distributions from equity method investments$4M$9M-$5M-$5M-$9M-$6M
Gain (loss) on sale of assets-$19M-$3M—$787M—$1M
Impairment charges$0$36M$36M$36M$36M—
Net cash from operating activities$415M$75M$488M$85M$537M-$179M
Net income$202M$548M$151M$218M$202M$417M
Defined Benefit Pension Plans Net Periodic Benefit Cost$2M$5M$4M$5M$4M$6M
Gain (Loss) on Disposition of Assets-$19M-$3M—$787M—$1M
Gain Loss On Mark To Market Derivative Financial Contracts$24M$5M$77M——$2M
Income Loss From Equity Method Investments Net Of Dividends Or Distributions$4M$9M-$5M-$5M-$9M-$6M
Accounts payable$339M-$206M-$27M-$27M$323M-$195M
Income and other taxes$40M-$27M-$79M$192M-$128M-$26M
Other long-term liabilities-$49M-$65M-$27M$0-$203M-$102M
Increase (Decrease) in Prepaid Expense and Other Assets$56M-$87M-$40M——$7M
Other Noncash Income (Expense)-$1M-$35M-$14M-$16M-$14M-$9M
Payment for Pension Benefits$2M$12M$2M$2M$4M$3M
Restructuring And Other Charges Benefit Net$91M$5M$14M$885M$14M$18M
Pension and postretirement benefit expense$2M$12M$2M$2M$4M$3M
Stock-based compensation$5M$11M$12M$10M$8M$13M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contributions from noncontrolling interests—$27M———$0
Repayments of debt$394M$946M$44M$79M$144M$4M
Dividends paid$26M$26M$26M$26M$26M$27M
Dividends paid on preferred stock$1M$0$1M——$0
Additions To Long Term Debt Issued Less Issuance Discount$43M$1B$7M$0$9M$104M
Payments For Financial Contributions For The Divestiture Of Businesses$16M$2M$3M$1M$2M$0
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$1M$0$1M——$0
Other, net—-$4M———-$2M
Net cash from financing activities—$77M-$67M-$105M-$166M$60M
Other financing activities—-$4M———-$2M
Taxes paid for net share settlement—$5M——$3M$11M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$246M-$18M$357M—$294M-$298M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$23M$12M$23M$3M$0$3M
Net increase (decrease) in cash—$56M$312M$0$118M-$245M