Alcoa Income Statement Research

AA Stock

USD 36.08 0.02 0.06%

Most accounts from Alcoa Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Alcoa Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Alcoa Corp Valuation and Alcoa Corp Correlation analysis.

For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.

At present, Alcoa Corp's Interest Expense is projected to decrease significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 231 M, whereas Depreciation And Amortization is forecasted to decline to about 599.4 M.

For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.At present, Alcoa Corp's Interest Expense is projected to decrease significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 231 M, whereas Depreciation And Amortization is forecasted to decline to about 599.4 M.

	2021	2022	2023	2024 (projected)
Interest Expense	195M	106M	107M	147.5M
Depreciation And Amortization	664M	617M	632M	599.4M

Interest Expense Depreciation And Amortization

Alcoa Corp income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Net Income From Continuing Ops	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Non Recurring	Non Operating Income Net Other	Reconciled Depreciation
Depreciation And Amortization		0.86	0.92	0.56	0.29	0.83	-0.3	-0.35	0.92	-0.17	0.64	0.89	-0.77	-0.84	-0.83	-0.49	-0.13	0.81	0.05	0.8	-0.77	-0.51	-0.04	0.73
Interest Expense	0.86		0.91	0.33	0.21	0.61	-0.33	-0.37	0.9	-0.22	0.35	0.81	-0.72	-0.73	-0.72	-0.59	-0.28	0.65	-0.17	0.95	-0.97	-0.49	0.21	0.61
Selling General Administrative	0.92	0.91		0.35	0.18	0.65	-0.39	-0.42	0.87	-0.26	0.41	0.87	-0.75	-0.72	-0.78	-0.56	-0.31	0.87	-0.12	0.93	-0.87	-0.53	-0.05	0.78
Total Revenue	0.56	0.33	0.35		0.8	0.81	0.46	0.41	0.51	0.54	0.87	0.45	-0.1	-0.55	-0.24	0.35	0.47	0.39	0.78	0.17	-0.27	-0.02	0.2	0.45
Gross Profit	0.29	0.21	0.18	0.8		0.39	0.81	0.77	0.23	0.86	0.46	0.45	0.31	-0.24	0.17	0.63	0.62	0.33	0.84	0.13	-0.24	0.01	0.21	0.5
Other Operating Expenses	0.83	0.61	0.65	0.81	0.39		-0.12	-0.17	0.8	-0.02	0.94	0.58	-0.6	-0.77	-0.67	-0.22	0.02	0.54	0.31	0.47	-0.5	-0.24	0.11	0.53
Operating Income	-0.3	-0.33	-0.39	0.46	0.81	-0.12		1.0	-0.37	0.99	0.09	-0.06	0.76	0.23	0.65	0.92	0.78	-0.16	0.84	-0.38	0.24	0.35	0.25	0.08
Ebit	-0.35	-0.37	-0.42	0.41	0.77	-0.17	1.0		-0.43	0.98	0.05	-0.09	0.79	0.28	0.69	0.93	0.79	-0.17	0.81	-0.4	0.26	0.35	0.24	0.07
Research Development	0.92	0.9	0.87	0.51	0.23	0.8	-0.37	-0.43		-0.28	0.56	0.74	-0.76	-0.75	-0.77	-0.55	-0.32	0.66	-0.08	0.82	-0.79	-0.49	0.09	0.55
Ebitda	-0.17	-0.22	-0.26	0.54	0.86	-0.02	0.99	0.98	-0.28		0.18	0.08	0.69	0.13	0.56	0.88	0.81	-0.03	0.86	-0.27	0.13	0.27	0.25	0.21
Cost Of Revenue	0.64	0.35	0.41	0.87	0.46	0.94	0.09	0.05	0.56	0.18		0.41	-0.38	-0.65	-0.48	0.04	0.24	0.38	0.51	0.19	-0.27	-0.07	0.11	0.43
Total Operating Expenses	0.89	0.81	0.87	0.45	0.45	0.58	-0.06	-0.09	0.74	0.08	0.41		-0.52	-0.68	-0.58	-0.32	0.03	0.87	0.1	0.8	-0.81	-0.52	-0.08	0.89
Income Before Tax	-0.77	-0.72	-0.75	-0.1	0.31	-0.6	0.76	0.79	-0.76	0.69	-0.38	-0.52		0.8	0.98	0.82	0.57	-0.48	0.4	-0.7	0.61	0.35	0.07	-0.31
Total Other Income Expense Net	-0.84	-0.73	-0.72	-0.55	-0.24	-0.77	0.23	0.28	-0.75	0.13	-0.65	-0.68	0.8		0.87	0.38	0.14	-0.51	-0.17	-0.65	0.65	0.15	-0.13	-0.48
Net Income	-0.83	-0.72	-0.78	-0.24	0.17	-0.67	0.65	0.69	-0.77	0.56	-0.48	-0.58	0.98	0.87		0.71	0.44	-0.56	0.23	-0.68	0.61	0.35	0.09	-0.4
Income Tax Expense	-0.49	-0.59	-0.56	0.35	0.63	-0.22	0.92	0.93	-0.55	0.88	0.04	-0.32	0.82	0.38	0.71		0.69	-0.26	0.82	-0.59	0.52	0.45	0.09	-0.1
Net Income From Continuing Ops	-0.13	-0.28	-0.31	0.47	0.62	0.02	0.78	0.79	-0.32	0.81	0.24	0.03	0.57	0.14	0.44	0.69		-0.07	0.73	-0.39	0.23	0.0	0.23	0.12
Minority Interest	0.81	0.65	0.87	0.39	0.33	0.54	-0.16	-0.17	0.66	-0.03	0.38	0.87	-0.48	-0.51	-0.56	-0.26	-0.07		0.1	0.69	-0.62	-0.54	-0.36	0.91
Tax Provision	0.05	-0.17	-0.12	0.78	0.84	0.31	0.84	0.81	-0.08	0.86	0.51	0.1	0.4	-0.17	0.23	0.82	0.73	0.1		-0.25	0.16	0.27	0.14	0.23
Interest Income	0.8	0.95	0.93	0.17	0.13	0.47	-0.38	-0.4	0.82	-0.27	0.19	0.8	-0.7	-0.65	-0.68	-0.59	-0.39	0.69	-0.25		-0.94	-0.48	0.14	0.66
Net Interest Income	-0.77	-0.97	-0.87	-0.27	-0.24	-0.5	0.24	0.26	-0.79	0.13	-0.27	-0.81	0.61	0.65	0.61	0.52	0.23	-0.62	0.16	-0.94		0.46	-0.27	-0.66
Non Recurring	-0.51	-0.49	-0.53	-0.02	0.01	-0.24	0.35	0.35	-0.49	0.27	-0.07	-0.52	0.35	0.15	0.35	0.45	0.0	-0.54	0.27	-0.48	0.46		0.28	-0.47
Non Operating Income Net Other	-0.04	0.21	-0.05	0.2	0.21	0.11	0.25	0.24	0.09	0.25	0.11	-0.08	0.07	-0.13	0.09	0.09	0.23	-0.36	0.14	0.14	-0.27	0.28		-0.18
Reconciled Depreciation	0.73	0.61	0.78	0.45	0.5	0.53	0.08	0.07	0.55	0.21	0.43	0.89	-0.31	-0.48	-0.4	-0.1	0.12	0.91	0.23	0.66	-0.66	-0.47	-0.18

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Alcoa Corp Account Relationship Matchups

Alcoa Corp income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	121M	146M	195M	106M	107M	147.5M
Total Revenue	10.5B	9.4B	12.4B	12.8B	10.6B	9.2B
Gross Profit	1.2B	765M	2.6B	1.9B	106M	100.7M
Operating Income	714M	423M	2.5B	1.5B	(355M)	(337.3M)
Ebit	714M	423M	2.5B	1.5B	(355M)	(337.3M)
Ebitda	1.4B	1.1B	3.2B	2.1B	277M	263.2M
Cost Of Revenue	9.3B	8.6B	9.8B	10.8B	10.4B	7.9B
Income Before Tax	(438M)	173M	1.2B	723M	(584M)	(554.8M)
Net Income	(853M)	(14M)	429M	59M	(651M)	(683.6M)
Income Tax Expense	415M	187M	629M	664M	189M	179.6M
Minority Interest	1.8B	156M	(141M)	(161M)	122M	115.9M
Tax Provision	415M	187M	629M	664M	189M	179.6M
Interest Income	185M	146M	195M	106M	95.4M	152.9M
Net Interest Income	(121M)	(146M)	(195M)	(106M)	(107M)	(112.4M)
Non Recurring	1.0B	104M	1.1B	696M	800.4M	646.3M

Alcoa Corp Investors Sentiment

The influence of Alcoa Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alcoa. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Alcoa Corp's public news can be used to forecast risks associated with an investment in Alcoa. The trend in average sentiment can be used to explain how an investor holding Alcoa can time the market purely based on public headlines and social activities around Alcoa Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Alcoa Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Alcoa Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Alcoa Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Alcoa Corp.

Alcoa Corp Implied Volatility

69.29

Alcoa Corp's implied volatility exposes the market's sentiment of Alcoa Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Alcoa Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Alcoa Corp stock will not fluctuate a lot when Alcoa Corp's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alcoa Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alcoa Corp's short interest history, or implied volatility extrapolated from Alcoa Corp options trading.

When determining whether Alcoa Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alcoa Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alcoa Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alcoa Corp Stock:

How To Invest In Alcoa

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Is Alcoa Stock a good investment?

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What is Alcoa Corp's Net Worth?

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Check out Alcoa Corp Valuation and Alcoa Corp Correlation analysis.

For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.

Note that the Alcoa Corp information on this page should be used as a complementary analysis to other Alcoa Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Alcoa Stock analysis

When running Alcoa Corp's price analysis, check to measure Alcoa Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alcoa Corp is operating at the current time. Most of Alcoa Corp's value examination focuses on studying past and present price action to predict the probability of Alcoa Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alcoa Corp's price. Additionally, you may evaluate how the addition of Alcoa Corp to your portfolios can decrease your overall portfolio volatility.

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Is Alcoa Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alcoa Corp. If investors know Alcoa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alcoa Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.81

Dividend Share

0.4

Earnings Share

(3.76)

Revenue Per Share

58.771

Quarterly Revenue Growth

(0.03)

The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alcoa Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Alcoa Income Statement Research

Alcoa Corp income statement Correlations

Alcoa Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Alcoa Corp income statement Accounts

Alcoa Corp Investors Sentiment

Alcoa Corp Implied Volatility

Complementary Tools for Alcoa Stock analysis

COMMON DESTINATIONS

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Ebit	+ 1.0	Operating Income
Ebitda	+ 0.99	Operating Income
Ebitda	+ 0.98	Ebit
Net Income	+ 0.98	Income Before Tax
Interest Income	+ 0.95	Interest Expense
Cost Of Revenue	+ 0.94	Other Operating Expenses

Net Interest Income	- 0.97	Interest Expense
Net Interest Income	- 0.94	Interest Income
Net Interest Income	- 0.87	Selling General Administrative
Total Other Income Expense Net	- 0.84	Depreciation And Amortization
Net Income	- 0.83	Depreciation And Amortization
Net Interest Income	- 0.81	Total Operating Expenses