Acquired by Apollo Funds in Aug 2023
ARNC - Arconic Corporation
NYSE
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Industrials
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Specialty Industrial Machinery
Pittsburgh,
United States
Type: Equity
ARNC price evolution
ARNC
| (in millions $) | 30 Jun 2023 | 31 Mar 2023 | 31 Jan 2023 | 30 Sep 2022 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $266 | $197 | $261 | $312 |
| Short term investments | ||||
| Net receivables | $1045 | $1079 | $974 | $1016 |
| Inventory | $1544 | $1662 | $1622 | $1750 |
| Total current assets | $3069 | $3086 | $3002 | $3306 |
| Long term investments | ||||
| Property, plant & equipment | $2459 | $2480 | $2476 | $2588 |
| Goodwill & intangible assets | $294 | $294 | $292 | $294 |
| Total noncurrent assets | $2977 | $3017 | $3013 | $3116 |
| Total investments | ||||
| Total assets | $6046 | $6103 | $6015 | $6422 |
| Current liabilities | ||||
| Accounts payable | $1489 | $1554 | $1578 | $1489 |
| Deferred revenue | ||||
| Short long term debt | $36 | $85 | $34 | $181 |
| Total current liabilities | $1899 | $2025 | $1971 | $2000 |
| Long term debt | $1676 | $1681 | $1597 | $1678 |
| Total noncurrent liabilities | $2663 | $2681 | $2687 | $2793 |
| Total debt | $1712 | $1766 | $1714 | $1859 |
| Total liabilities | $4562 | $4706 | $4658 | $4793 |
| Shareholders' equity | ||||
| Retained earnings | -$650 | -$709 | -$734 | -$461 |
| Other shareholder equity | -$899 | -$927 | -$937 | -$1003 |
| Total shareholder equity | $1484 | $1397 | $1357 | $1614 |
| (in millions $) | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $261 | $335 | $787 | $72 |
| Short term investments | ||||
| Net receivables | $974 | $1148 | $759 | $520 |
| Inventory | $1622 | $1630 | $1043 | $820 |
| Total current assets | $3002 | $3168 | $2642 | $1440 |
| Long term investments | ||||
| Property, plant & equipment | $2476 | $2773 | $2856 | $2869 |
| Goodwill & intangible assets | $292 | $322 | $390 | $386 |
| Total noncurrent assets | $3013 | $3412 | $3672 | $3301 |
| Total investments | ||||
| Total assets | $6015 | $6580 | $6314 | $4741 |
| Current liabilities | ||||
| Accounts payable | $1578 | $1718 | $1106 | $1061 |
| Deferred revenue | ||||
| Short long term debt | $34 | $35 | $36 | $33 |
| Total current liabilities | $1971 | $2063 | $1473 | $2070 |
| Long term debt | $1597 | $1684 | $1389 | $346 |
| Total noncurrent liabilities | $2687 | $2958 | $3394 | $672 |
| Total debt | $1714 | $1719 | $1425 | $379 |
| Total liabilities | $4658 | $5021 | $4867 | $2742 |
| Shareholders' equity | ||||
| Retained earnings | -$734 | -$552 | -$155 | $129 |
| Other shareholder equity | -$937 | -$1111 | -$1761 | $295 |
| Total shareholder equity | $1357 | $1545 | $1433 | $1985 |
| (in millions $) | 30 Jun 2023 | 31 Mar 2023 | 31 Dec 2022 | 30 Sep 2022 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $1990 | $1929 | $1942 | $2280 |
| Cost of revenue | $1724 | $1724 | $1744 | $2074 |
| Gross Profit | $266 | $205 | $198 | $206 |
| Operating activities | ||||
| Research & development | $9 | $9 | $10 | $9 |
| Selling, general & administrative | $79 | $72 | $46 | $62 |
| Total operating expenses | $149 | $134 | $449 | $242 |
| Operating income | $117 | $71 | -$251 | -$36 |
| Income from continuing operations | ||||
| EBIT | $101 | $60 | -$283 | -$63 |
| Income tax expense | $17 | $10 | -$36 | -$25 |
| Interest expense | $25 | $25 | $26 | $27 |
| Net income | ||||
| Net income | $59 | $25 | -$273 | -$65 |
| Income (for common shares) | $59 | $25 | -$273 | -$65 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $8961 | $7504 | $5675 | $7277 |
| Cost of revenue | $8032 | $6573 | $4862 | $6270 |
| Gross Profit | $929 | $931 | $813 | $1007 |
| Operating activities | ||||
| Research & development | $37 | $34 | $36 | $45 |
| Selling, general & administrative | $246 | $247 | $258 | $346 |
| Total operating expenses | $976 | $1223 | $733 | $730 |
| Operating income | -$47 | -$292 | $80 | $277 |
| Income from continuing operations | ||||
| EBIT | -$89 | -$359 | $10 | $292 |
| Income tax expense | -$11 | -$62 | $1 | -$48 |
| Interest expense | $104 | $100 | $118 | $115 |
| Net income | ||||
| Net income | -$182 | -$397 | -$109 | $225 |
| Income (for common shares) | -$182 | -$397 | -$109 | $225 |
| (in millions $) | 30 Jun 2023 | 31 Mar 2023 | 31 Dec 2022 | 30 Sep 2022 |
|---|---|---|---|---|
| Net income | $59 | $25 | -$273 | -$65 |
| Operating activities | ||||
| Depreciation | $52 | $53 | $56 | $59 |
| Business acquisitions & disposals | $30 | |||
| Stock-based compensation | $12 | $6 | -$4 | $6 |
| Total cash flows from operations | $189 | -$39 | $188 | $91 |
| Investing activities | ||||
| Capital expenditures | -$57 | -$82 | -$70 | -$47 |
| Investments | ||||
| Total cash flows from investing | -$57 | -$75 | -$43 | -$44 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$1 | -$46 | -$86 | |
| Net borrowings | -$50 | $50 | -$150 | $100 |
| Total cash flows from financing | -$62 | $49 | -$197 | $15 |
| Effect of exchange rate | -$1 | $1 | $1 | -$2 |
| Change in cash and equivalents | $69 | -$64 | -$51 | $60 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Net income | -$182 | -$397 | -$109 | $225 |
| Operating activities | ||||
| Depreciation | $237 | $253 | $251 | $252 |
| Business acquisitions & disposals | $30 | -$1 | $125 | $31 |
| Stock-based compensation | $15 | $22 | $23 | $40 |
| Total cash flows from operations | $338 | -$407 | $6 | $457 |
| Investing activities | ||||
| Capital expenditures | -$245 | -$184 | -$163 | -$201 |
| Investments | ||||
| Total cash flows from investing | -$214 | -$181 | -$38 | -$170 |
| Financing activities | ||||
| Dividends paid | -$57 | |||
| Sale and purchase of stock | -$185 | -$161 | ||
| Net borrowings | -$1 | $314 | $1243 | |
| Total cash flows from financing | -$196 | $135 | $744 | -$295 |
| Effect of exchange rate | -$2 | $1 | $3 | -$1 |
| Change in cash and equivalents | -$74 | -$452 | $715 | -$9 |
News
Fundamentals
| Market cap | N/A |
|---|---|
| Enterprise value | N/A |
| Shares outstanding | 100.34M |
| Revenue | $8.14B |
|---|---|
| EBITDA | $35.00M |
| EBIT | -$185.00M |
| Net Income | -$254.00M |
| Revenue Q/Q | -21.90% |
| Revenue Y/Y | -7.14% |
| P/E ratio | 0.00 |
|---|---|
| EV/Sales | N/A |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | N/A |
| P/B ratio | 0.00 |
| Book/Share | 23.75 |
| Cash/Share | 2.65 |
| EPS | -$2.53 |
|---|---|
| ROA | -4.13% |
| ROE | -17.36% |
| Debt/Equity | 3.43 |
|---|---|
| Net debt/EBITDA | 122.74 |
| Current ratio | 1.62 |
| Quick ratio | 0.80 |