Company profile

Ticker
AA
Exchange
Website
CEO
Roy C. Harvey
Employees
Incorporated in
Location
Fiscal year end
Former names
Alcoa Upstream Corp
SEC CIK

AA stock data

(
)

Calendar

29 Apr 20
10 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 2.38B 2.44B 2.57B 2.71B
Net income 139M -355M -147M -293M
Diluted EPS 0.43 -1.63 -1.19 -2.17
Net profit margin 5.84% -14.57% -5.73% -10.81%
Net change in cash -50M 38M 7M -183M
Cash on hand 829M 879M 841M 834M
Cost of revenue 2.19B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 10.43B 13.4B 11.65B 9.32B
Net income -853M 893M 608M -346M
Diluted EPS -6.07 1.33 1.49 -2.19
Net profit margin -8.18% 6.66% 5.22% -3.71%
Net change in cash 751M -1.23B 505M 296M
Cash on hand 879M 128M 1.36B 853M
Cost of revenue 10.08B 8.99B 7.88B

Financial data from Alcoa earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
6 Jul 20 FLYNN Timothy Patrick Common Stock, par value $0.01 per share Grant Aquire A No 11.47 3,051 34.99K 48,682
6 Jul 20 Williams Steven W Common Stock, par value $0.01 per share Grant Aquire A No 11.47 2,615 29.99K 46,727
17 Jun 20 Nevels James E Common Stock, par value $0.01 per share Buy Aquire P Yes 11.5 200 2.3K 28,372
18 May 20 Nevels James E Common Stock, par value $0.01 per share Buy Aquire P Yes 7.12 200 1.42K 28,172
8 May 20 Citrino Mary Anne Common Stock, par value $0.01 per share Grant Aquire A No 0 14,870 0 30,774
75.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 313 329 -4.9%
Opened positions 51 62 -17.7%
Closed positions 67 57 +17.5%
Increased positions 103 90 +14.4%
Reduced positions 85 99 -14.1%
13F shares
Current Prev Q Change
Total value 1.05B 3.8B -72.4%
Total shares 139.82M 160.39M -12.8%
Total puts 7.24M 5.33M +35.9%
Total calls 4.22M 3.74M +12.9%
Total put/call ratio 1.7 1.4 +20.4%
Largest owners
Shares Value Change
Vanguard 17.28M $106.43M +3.5%
BLK BlackRock 10.48M $64.53M -0.8%
Orbis Allan Gray 10.34M $63.7M +30.2%
Capital Research Global Investors 9.76M $60.12M -49.8%
Dimensional Fund Advisors 7.31M $45.01M -2.4%
Renaissance Technologies 6.96M $42.9M -28.4%
N Price T Rowe Associates 5.57M $34.34M +7995.8%
GS The Goldman Sachs Group, Inc. 5.28M $32.54M -15.8%
Two Sigma Investments 3.61M $22.22M -8.1%
STT State Street 3.53M $21.73M -7.2%
Largest transactions
Shares Bought/sold Change
Capital World Investors 910K -11.54M -92.7%
Capital Research Global Investors 9.76M -9.69M -49.8%
N Price T Rowe Associates 5.57M +5.51M +7995.8%
NMR Nomura 107.45K -4.59M -97.7%
Putnam Investments 0 -4.5M EXIT
Wellington Management 3.05M -3.02M -49.8%
Alliancebernstein 326.14K -2.8M -89.6%
Renaissance Technologies 6.96M -2.76M -28.4%
Orbis Allan Gray 10.34M +2.4M +30.2%
Donald Smith & Co. 1.5M +1.5M NEW

Financial report summary

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Risks
  • The aluminum industry and aluminum end-use markets are highly cyclical and are influenced by several factors, including global economic conditions and shifts in the global inventory of aluminum.
  • We could be materially adversely affected by declines in aluminum and alumina prices, including global, regional and product-specific prices.
  • Our profitability could be adversely affected by increases in the cost of raw materials, or by significant lag effects of decreases in commodity, LME-linked or production costs.
  • Market-driven balancing of global aluminum supply and demand may be disrupted by non-market forces.
  • Our operations consume substantial amounts of energy and profitability may decline if energy costs rise or if energy supplies are interrupted or become uncertain.
  • We may not be able to realize the expected benefits from our strategy to be a lower cost, competitive commodity business by optimizing our portfolio and disposing of non-core assets, and we have incurred, and may incur in the future, significant costs associated with such portfolio and asset actions.
  • Joint ventures, other strategic alliances, and business transactions may not achieve intended results. We may experience operational challenges in integrating or segregating assets for such a venture or transaction, and such a venture or transaction could increase the number of our outstanding shares or amount of outstanding debt and affect our financial position.
  • We could be adversely affected by changes in the business or financial condition of a significant customer or joint venture partner.
  • Our participation in increasingly competitive and complex global markets exposes us to risks that could adversely affect our business, financial condition, operating results, or cash flows.
  • Our global operations expose us to risks related to economic and political conditions, including the impact of tariffs and sanctions, which may negatively impact our business.
  • Our global operations expose us to various legal and regulatory systems, and changes in conditions beyond our control in foreign countries.
  • Weakness in global economic conditions or in any of the industries or geographic regions in which we or our customers operate, and the cyclical nature of our customers’ businesses, could adversely impact our revenues and profitability by reducing demand and margins.
  • We are exposed to fluctuations in foreign currency exchange rates and interest rates, as well as inflation and other economic factors in the countries in which we operate.
  • Unanticipated changes in tax laws or exposure to additional tax liabilities could affect our future profitability.
  • We may be exposed to significant legal proceedings, investigations or changes in foreign and/or U.S. federal, state, or local laws, regulations or policies.
  • We are subject to a broad range of health, safety and environmental laws, regulations and other requirements in the jurisdictions in which we operate that may expose us to substantial claims, costs, and liabilities.
  • Climate change, climate change legislation or regulations, extreme weather conditions, and greenhouse gas effects may adversely impact our operations and markets.
  • We face significant competition, which may have an adverse effect on profitability.
  • Our business is capital intensive, and if there are downturns in the industries that we serve, we may be forced to significantly curtail or suspend operations, which could result in our recording asset impairment charges or taking other measures that may adversely affect our results of operations and profitability.
  • Our business and growth prospects may be negatively impacted by limits on our ability to fund capital expenditures.
  • Deterioration in our credit profile or increases in interest rates could increase our costs of borrowing money and limit our access to the capital markets and commercial credit.
  • Our indebtedness restricts our current and future operations, which could adversely affect our ability to respond to changes in our business and manage our operations.
  • Our failure to comply with the agreements relating to our outstanding indebtedness, including due to events beyond our control, could result in an event of default that could materially and adversely affect our business, financial condition, results of operations or cash flows.
  • Cyber-attacks and security breaches may threaten the integrity of our intellectual property and other sensitive information, disrupt our business operations, expose us to potential liability, and result in reputational harm and other negative consequences that could have a material adverse effect on our financial condition and results of operations.
  • Loss of key personnel may adversely affect our business.
  • Union disputes and other employee relations issues could adversely affect our financial results.
  • An adverse decline in the liability discount rate, lower-than-expected investment return on pension assets and other factors could affect our results of operations or amount of pension funding contributions in future periods.
  • In connection with our Separation Transaction from ParentCo, Arconic agreed to indemnify us for certain liabilities and we agreed to indemnify Arconic for certain liabilities which could negatively impact financial results if indemnity liabilities arise in the future.
  • Actions of activist stockholders of Alcoa could be disruptive and potentially costly, and the possibility that activist stockholders may contest, or seek changes that conflict with, our strategic direction could cause uncertainty about the strategic direction of our business.
  • Anti-takeover provisions could enable our management to resist a takeover attempt by a third party and limit the power of our stockholders, which could decrease the trading price of our common stock.
Content analysis ?
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