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AA Alcoa

Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate.

Company profile

Ticker
AA
Exchange
Website
CEO
Roy Harvey
Employees
Incorporated
Location
Fiscal year end
Former names
Alcoa Upstream Corp
SEC CIK
Subsidiaries
Alcoa - Aluminerie De Deschambault L.P. • Alcoa Alumínio S.A. • Alcoa Canada Co. • Alcoa Holland B.V. • Alcoa Nederland Holding B.V. • Alcoa of Australia • Alcoa Treasury S.a.r.l. • Alcoa USA Corp. • Alcoa USA Holding Company • Alcoa Warrick LLC ...

AA stock data

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Calendar

28 Jul 21
21 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Alcoa earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.66B 1.66B 1.66B 1.66B 1.66B 1.66B
Cash burn (monthly) 297.33M (positive/no burn) (positive/no burn) (positive/no burn) 28.67M (positive/no burn)
Cash used (since last report) 1.11B n/a n/a n/a 106.96M n/a
Cash remaining 545.65M n/a n/a n/a 1.55B n/a
Runway (months of cash) 1.8 n/a n/a n/a 54.0 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Oct 21 Williams Steven W Common Stock, par value $0.01 per share Grant Acquire A No No 49.05 1,376 67.49K 62,015
13 Sep 21 Timothy D. Reyes Common Stock, par value $0.01 per share Sell Dispose S No No 50.0249 17,390 869.93K 60,831
13 Sep 21 Timothy D. Reyes Common Stock, par value $0.01 per share Option exercise Acquire M No No 37.68 7,390 278.46K 78,221
13 Sep 21 Timothy D. Reyes Employee Stock Option Common Stock Option exercise Dispose M No No 37.68 7,390 278.46K 0
6 Jul 21 Williams Steven W Common Stock, par value $0.01 per share Grant Acquire A No No 36.47 1,850 67.47K 60,639
1 Jun 21 Jeffrey D. Heeter Common Stock, par value $0.01 per share Sell Dispose S No No 40.5333 23,089 935.87K 58,599
10 May 21 Citrino Mary Anne Common Stock, par value $0.01 per share Grant Acquire A No No 0 3,655 0 36,993

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

74.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 406 349 +16.3%
Opened positions 107 68 +57.4%
Closed positions 50 52 -3.8%
Increased positions 109 93 +17.2%
Reduced positions 115 107 +7.5%
13F shares
Current Prev Q Change
Total value 5.59B 4.65B +20.2%
Total shares 138.72M 143.23M -3.1%
Total puts 13.78M 8.18M +68.5%
Total calls 12.82M 14.91M -14.0%
Total put/call ratio 1.1 0.5 +95.9%
Largest owners
Shares Value Change
Vanguard 16.44M $605.54M -3.1%
BLK Blackrock 8.24M $303.54M -45.6%
Dimensional Fund Advisors 7.57M $278.96M -10.1%
Fisher Asset Management 6.59M $242.74M -4.8%
Orbis Allan Gray 5.93M $218.43M -11.0%
STT State Street 5.5M $202.78M -12.4%
MS Morgan Stanley 5.27M $194.05M +99.1%
JPM JPMorgan Chase & Co. 4.24M $156.32M +31.4%
Two Sigma Investments 3.72M $3.81M +4.6%
Millennium Management 3.6M $132.55M +1094.4%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 8.24M -6.92M -45.6%
TROW T. Rowe Price 2.44M -4.23M -63.4%
Millennium Management 3.6M +3.3M +1094.4%
MS Morgan Stanley 5.27M +2.62M +99.1%
Asia Research & Capital Management 2.04M +2.04M NEW
NTRS Northern Trust 883.23K -1.64M -65.0%
Susquehanna International 1.48M +1.41M +1892.8%
PRU Prudential Financial 1.72M +1.25M +265.9%
Voloridge Investment Management 318.83K -1.18M -78.7%
Duquesne Family Office 0 -1.1M EXIT

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.
  • We could be materially adversely affected by declines in aluminum, alumina, and bauxite prices, including global, regional and product-specific prices.
  • Market-driven balancing of global aluminum supply and demand may be disrupted by non-market forces.
  • 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.
  • We have incurred, and may incur in the future, significant costs associated with our strategy to be a lower cost, competitive, sustainable, and integrated aluminum production business by optimizing our portfolio and disposing of non-core assets, and we may not be able to realize the anticipated benefits from announced plans, programs, initiatives and capital investments.
  • Joint ventures, other strategic alliances, and strategic 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.
  • The coronavirus (COVID-19) pandemic has adversely affected, and in the future could adversely affect, the Company’s business, financial condition, or results of operations.
  • Our global operations expose us to risks related to economic, political, and social conditions, including the impact of trade policies and adverse industry publicity, which may negatively impact our business.
  • 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.
  • Our operations include impoundment structures, which could impact the environment or cause exposure to hazardous substances or other damage, which could result in material liabilities to us.
  • 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 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, security breaches, system failures, or other cyber incidents may threaten the integrity of our information technology infrastructure and other sensitive business information, disrupt our operations and business processes, expose us to potential liability, and result in reputational harm and other negative consequences that could have a material adverse effect on our business, financial condition and results of operations.
  • Union disputes and other employee relations issues could adversely affect our business, financial condition, or results of operations.
  • An adverse decline in the liability discount rate, lower-than-expected investment return on pension assets and other factors could affect our business, financial condition, results of operations or amount of pension funding contributions in future periods.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: alternatively, Alumar, anode, behalf, buyer, Ciprian, clawback, compensatory, composition, damage, Eastalco, high, hydroelectric, inflation, insight, Instance, isolation, Lake, led, Louisiana, lump, Madrid, Maryland, port, restored, role, ship, structural, substitute, Tourism, typically, unaffected, unfair, unloaded, unloading, Western
Removed: CFR, Consumer, decline, Exhibit, model, ordinary, personnel, preservation, Street, support, travel, Wall

Patents

GRANT
Utility
7xx aluminum casting alloys, and methods for making the same
31 Aug 21
New 7xx aluminum casting alloys are disclosed.
GRANT
Utility
Systems and methods for making ceramic powders
3 Aug 21
Systems and methods for making ceramic powders configured with consistent, tailored characteristics and/or properties are provided herein.
GRANT
Utility
Systems and methods of electrolytic production of aluminum
3 Aug 21
In some embodiments, an exemplary electrolytic cell includes: a cathode structure disposed within an electrolysis cell, wherein the electrolysis cell is configured to produce metal on a surface of the cathode structure, wherein the cathode structure is configured to fit along a floor of the electrolysis cell, wherein the cathode structure has a sloped surface when compared to a generally horizontal plane, and wherein via the sloped surface, the cathode structure is configured to drain a metal product from the sloped surface towards a lower end of the cathode structure.
GRANT
Utility
Composition for making wettable cathode in aluminum smelting
22 Jun 21
Compositions for making wettable cathodes to be used in aluminum electrolysis cells are disclosed.
GRANT
Utility
Latch having tool recess in trigger
22 Jun 21
A latch including a body and an engagement member adapted to engage releasably a clevis, and a handle with a trigger attached pivotally and is pivotable between a first position, in which the trigger is engaged releasably with the clevis, and a second position, in which the trigger is disengaged from the clevis.