Alcoa Corp (AA) [Rocket]

In millions, except per share items	Jun-30-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Revenues:
Aluminum			2,395	2,327	2,303	2,105	2,049	1,690
Alumina			1,273	1,465	1,105	1,031	1,124	934
Bauxite			213	258	228	218	243	304
Energy			41	81	117	49	39	41
Total revenues	2,684	3,644	3,293	3,340	3,109	2,833	2,870	2,392
Revenue growth [+]	-26.3%	28.6%	14.7%	39.6%	31.5%	31.9%	20.5%	-1.8%
Aluminum			16.9%	37.7%	43.1%	42.5%	28.0%	3.0%
Alumina			13.3%	56.9%	7.7%	15.6%	7.8%	-10.9%
Bauxite			-12.3%	-15.1%	-21.9%	-29.9%	-20.6%	-2.3%
Energy			5.1%	97.6%	350.0%	122.7%	-25.0%	-36.9%
Cost of goods sold	0	0	0	0	0	0	0	0
Gross profit	2,684	3,644	3,293	3,340	3,109	2,833	2,870	2,392
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative [+]			44	68	53	54	52	55
General and administrative	0	0		68				55
Research and development			9	10	8	6	7	9
Other operating expenses	2,789	2,530	2,181	2,383	2,322	2,156	2,292	1,974
EBITDA [+]	48	1,275	1,059	879	726	617	519	354
EBITDA growth	-96.2%	106.6%	104.0%	148.3%	165.0%	269.5%	79.6%	10.6%
EBITDA margin	1.8%	35.0%	32.2%	26.3%	23.4%	21.8%	18.1%	14.8%
Depreciation and amortization	153	161	160	165	156	161	182	170
EBIT [+]	-105	1,114	899	714	570	456	337	184
EBIT growth	-109.4%	144.3%	166.8%	288.0%	404.4%	2940.0%	183.2%	34.3%
EBIT margin	-3.9%	30.6%	27.3%	21.4%	18.3%	16.1%	11.7%	7.7%
Non-recurring items			125	1,055	33	33	7	60
Interest expense			25	28	58	67	42	43
Interest expense			25	28	58	67	42	43
Other income (expense), net	6	-206	14	298	18	105	24	-44
Pre-tax income	-99	908	763	-71	497	461	312	37
Income taxes	22	234	210	298	127	111	93	20
Tax rate		25.8%	27.5%		25.6%	24.1%	29.8%	54.1%
Minority interest			84	23	33	41	44	21
Net income	-102	549	469	-392	337	309	175	-4
Net margin	-3.8%	15.1%	14.2%	-11.7%	10.8%	10.9%	6.1%	-0.2%

Basic EPS [+]	($0.57)	$3.02	$2.55	($2.11)	$1.80	$1.65	$0.94	($0.02)
Growth	-119.0%	82.6%	170.9%	9700.0%	-784.1%	-256.0%	118.8%	-98.7%
Diluted EPS [+]	($0.57)	$2.95	$2.49	($2.06)	$1.76	$1.63	$0.93	($0.02)
Growth	-119.4%	81.5%	169.4%	9493.7%	-769.8%	-253.6%	116.4%	-98.7%

Shares outstanding (basic) [+]	178	182	184	186	187	187	186	186
Growth	-2.2%	-2.7%	-1.1%	0.0%	0.5%	0.5%	0.0%	0.5%
Shares outstanding (diluted) [+]	178	186	188	190	191	190	189	186
Growth	-4.3%	-2.1%	-0.5%	2.2%	2.7%	2.2%	1.1%	0.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.