ARNC · Arconic Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.99B | $1.93B | - | $2.28B | $2.55B | - | - | $1.89B | $1.80B | $1.68B |
| Cost of Revenue | $1.72B | $1.72B | - | $2.07B | $2.26B | $1.96B | - | $1.68B | $1.57B | $1.43B |
| Gross Profit | $266.00M | $205.00M | - | $206.00M | $290.00M | - | - | $214.00M | $234.00M | $244.00M |
| R&D | $9.00M | $9.00M | - | $9.00M | $9.00M | $9.00M | - | $8.00M | $9.00M | $8.00M |
| SG&A | $79.00M | $72.00M | - | $62.00M | $73.00M | $65.00M | - | $63.00M | $61.00M | $59.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $52.00M | $53.00M | - | $59.00M | $62.00M | $60.00M | - | $61.00M | $62.00M | $63.00M |
| Operating Income | $117.00M | $71.00M | - | ($36.00M) | $144.00M | $96.00M | - | $68.00M | ($495.00M) | $113.00M |
| Interest Expense | $25.00M | $25.00M | - | $27.00M | $26.00M | $25.00M | - | $26.00M | $25.00M | $23.00M |
| Income Tax | $17.00M | $10.00M | - | ($25.00M) | $38.00M | $12.00M | - | $11.00M | ($108.00M) | $16.00M |
| Net Income | $59.00M | $25.00M | - | ($65.00M) | $114.00M | $42.00M | - | $16.00M | ($427.00M) | $52.00M |
| EPS - Basic | $0.59 | $0.25 | - | ($0.64) | $1.08 | $0.40 | - | $0.15 | ($3.89) | $0.48 |
| EPS - Diluted | $0.58 | $0.24 | - | ($0.64) | $1.05 | $0.39 | - | $0.15 | ($3.89) | $0.46 |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $266.00M | $197.00M | $261.00M | $312.00M | $252.00M | $210.00M | $335.00M | $349.00M | $540.00M | $763.00M |
| Accounts Receivable | $907.00M | $926.00M | $791.00M | $846.00M | $1.08B | $1.04B | $922.00M | $876.00M | $828.00M | $803.00M |
| Inventory | $1.54B | $1.66B | $1.62B | $1.75B | $1.91B | $1.83B | $1.63B | $1.52B | $1.40B | $1.20B |
| Accounts Payable | $1.49B | $1.55B | $1.58B | $1.49B | $1.84B | $1.78B | $1.72B | $1.49B | $1.43B | $1.22B |
| Current Assets | $3.07B | $3.09B | $3.00B | $3.31B | $3.67B | $3.37B | $3.17B | $3.01B | $3.02B | $2.96B |
| Total Assets | $6.05B | $6.10B | $6.01B | $6.42B | $6.91B | $6.77B | $6.58B | $6.50B | $6.54B | $6.57B |
| Current Liabilities | $1.90B | $2.02B | $1.97B | $2.00B | $2.26B | $2.32B | $2.06B | $1.91B | $1.85B | $1.61B |
| Long-term Debt | $1.60B | $1.60B | $1.60B | $1.60B | $1.60B | $1.59B | $1.59B | $1.59B | $1.59B | $1.59B |
| Total Liabilities | $4.56B | $4.71B | $4.66B | $4.79B | $5.11B | $5.21B | $5.02B | $4.92B | $4.92B | $5.08B |
| Stockholders' Equity | $1.48B | $1.40B | $1.36B | $1.61B | $1.79B | $1.55B | $1.54B | $1.56B | $1.61B | $1.48B |
| Retained Earnings | ($650.00M) | ($709.00M) | ($734.00M) | ($461.00M) | ($396.00M) | ($510.00M) | ($552.00M) | ($514.00M) | ($530.00M) | ($103.00M) |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($39.00M) | - | - | - | ($103.00M) | - | - | - | ($294.00M) |
| Investing Cash Flow | - | ($75.00M) | - | - | - | ($94.00M) | - | - | - | ($27.00M) |
| Financing Cash Flow | - | $49.00M | - | - | - | $72.00M | - | - | - | $297.00M |
| CapEx | - | $82.00M | - | - | - | $95.00M | - | - | - | $28.00M |
| Free Cash Flow | - | ($121.00M) | - | - | - | ($198.00M) | - | - | - | ($322.00M) |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 13.4% | 10.6% | - | 9.0% | 11.4% | - | - | 11.3% | 13.0% | 14.6% |
| Operating margin | 5.9% | 3.7% | - | -1.6% | 5.7% | - | - | 3.6% | -27.5% | 6.7% |
| EBITDA margin | 8.5% | 6.4% | - | 1.0% | 8.1% | - | - | 6.8% | -24.0% | 10.5% |
| Net margin | 3.0% | 1.3% | - | -2.9% | 4.5% | - | - | 0.8% | -23.7% | 3.1% |
| Free cash flow margin | - | -6.3% | - | - | - | - | - | - | - | -19.2% |
| FCF / Net income | - | -4.84 | - | - | - | -4.71 | - | - | - | -6.19 |
| R&D / Revenue | 0.5% | 0.5% | - | 0.4% | 0.4% | - | - | 0.4% | 0.5% | 0.5% |
| SG&A / Revenue | 4.0% | 3.7% | - | 2.7% | 2.9% | - | - | 3.3% | 3.4% | 3.5% |
| Effective tax rate | 22.4% | 28.6% | - | - | 25.0% | 22.2% | - | 40.7% | - | 23.5% |
| Return on assets | 1.0% | 0.4% | - | -1.0% | 1.6% | 0.6% | - | 0.2% | -6.5% | 0.8% |
| Return on equity | 4.0% | 1.8% | - | -4.0% | 6.4% | 2.7% | - | 1.0% | -26.5% | 3.5% |
| Return on invested capital | 2.9% | 1.7% | - | -0.9% | 3.2% | 2.4% | - | 1.3% | -12.2% | 2.8% |
| Liquidity | ||||||||||
| Current ratio | 1.62 | 1.52 | 1.52 | 1.65 | 1.63 | 1.45 | 1.54 | 1.57 | 1.63 | 1.83 |
| Quick ratio | 0.80 | 0.70 | 0.70 | 0.78 | 0.78 | 0.66 | 0.75 | 0.78 | 0.88 | 1.09 |
| Cash ratio | 0.14 | 0.10 | 0.13 | 0.16 | 0.11 | 0.09 | 0.16 | 0.18 | 0.29 | 0.47 |
| Leverage | ||||||||||
| Debt / Equity | 1.08 | 1.14 | 1.18 | 0.99 | 0.89 | 1.03 | 1.03 | 1.02 | 0.99 | 1.08 |
| Debt / Assets | 0.26 | 0.26 | 0.27 | 0.25 | 0.23 | 0.24 | 0.24 | 0.25 | 0.24 | 0.24 |
| Debt / EBITDA | 9.46 | 12.88 | - | 69.39 | 7.75 | 10.22 | - | 12.35 | - | 9.05 |
| Interest coverage | 4.7x | 2.8x | - | -1.3x | 5.5x | 3.8x | - | 2.6x | -19.8x | 4.9x |
| Equity multiplier | 4.07 | 4.37 | 4.43 | 3.98 | 3.86 | 4.37 | 4.26 | 4.15 | 4.05 | 4.45 |
| Liabilities / Assets | 0.75 | 0.77 | 0.77 | 0.75 | 0.74 | 0.77 | 0.76 | 0.76 | 0.75 | 0.77 |
| Efficiency | ||||||||||
| Asset turnover | 0.33 | 0.32 | - | 0.36 | 0.37 | - | - | 0.29 | 0.28 | 0.25 |
| Inventory turnover | 1.12 | 1.04 | - | 1.19 | 1.18 | 1.07 | - | 1.10 | 1.12 | 1.19 |
| Days sales outstanding | 166d | 175d | - | 135d | 154d | - | - | 169d | 168d | 175d |
| Days inventory outstanding | 327d | 352d | - | 308d | 309d | 342d | - | 332d | 325d | 306d |
| Days payable outstanding | 315d | 329d | - | 262d | 298d | 332d | - | 324d | 332d | 310d |
| Cash conversion cycle | 178d | 198d | - | 181d | 165d | - | - | 177d | 161d | 171d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -21.9% | - | - | 20.6% | 41.5% | - | - | 33.6% | 51.7% | 4.0% |
| Revenue CAGR (3y) | 18.8% | 6.2% | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -8.3% | - | - | -3.7% | 23.9% | - | - | - | 66.0% | -14.1% |
| Operating income growth (YoY) | -18.8% | -26.0% | - | - | - | -15.0% | - | 209.1% | - | -25.7% |
| Net income growth (YoY) | -48.2% | -40.5% | - | - | - | -19.2% | - | 220.0% | - | -13.3% |
| EPS growth (YoY) | -44.8% | -38.5% | - | - | - | -15.2% | - | - | -363.1% | -16.4% |
| EPS CAGR (3y) | - | -24.2% | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | 38.9% | - | - | - | 38.5% | - | - | - | -1.3% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -17.2% | -9.7% | -12.2% | 3.2% | 11.1% | 4.8% | 7.8% | 6.1% | 40.8% | -45.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-12-31.
Business segments
$8.97B totalRolled Products$7.31B · 81.6%
Buildingand Construction Systems$1.25B · 13.9%
Extrusions$409.00M · 4.6%
Product / service
$7.31B totalGround Transportation$3.01B · 41.2%
Industrial Products$1.66B · 22.7%
Buildingand Construction$1.60B · 21.9%
Aerospace$764.00M · 10.4%
Packaging$277.00M · 3.8%
Geographic
$8.96B totalUS$5.97B · 66.6%
RU$828.00M · 9.2%
CN$807.00M · 9.0%
HU$608.00M · 6.8%
Other Geographical Areas$254.00M · 2.8%
FR$247.00M · 2.8%
GB$245.00M · 2.7%
Peer comparison
Same SIC group: Rolling Drawing & Extruding of Nonferrous Metals
Comparing Arconic Corp against the 5 most active filers in the same SIC group.