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			9,130	8,784	8,147	7,453	6,825	6,377
Alumina			4,874	4,725	4,194	4,115	3,976	3,895
Bauxite			917	947	993	1,057	1,150	1,213
Energy			288	286	246	155	128	141
Total revenues		13,386	12,575	12,152	11,204	10,460	9,775	9,286
Revenue growth [+]		28.0%	28.6%	30.9%	20.1%	9.7%	-3.2%	-11.0%
Aluminum			33.8%	37.7%	28.8%	16.5%	2.1%	-6.5%
Alumina			22.6%	21.3%	4.6%	-0.2%	-12.4%	-19.0%
Bauxite			-20.3%	-21.9%	-18.6%	-17.4%	-10.2%	-4.9%
Energy			125.0%	102.8%	49.1%	-26.2%	-53.1%	-51.4%
Cost of goods sold		0	0	0	0	0	0	0
Gross profit		13,386	12,575	12,152	11,204	10,460	9,775	9,286
Gross margin		100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative [+]			219	227	214	208	198	206
Sales and marketing		97	151		159	153	143
General and administrative		68		68				55
Research and development			33	31	30	28	27	27
Other operating expenses		9,416	9,042	9,153	8,744	8,460	8,236	7,969
EBITDA [+]		3,939	3,281	2,741	2,216	1,764	1,314	1,084
EBITDA growth		123.3%	149.7%	152.9%	111.0%	53.4%	-8.1%	-31.8%
EBITDA margin		29.4%	26.1%	22.6%	19.8%	16.9%	13.4%	11.7%
Depreciation and amortization		642	642	664	669	674	665	653
EBIT [+]		3,297	2,639	2,077	1,547	1,090	649	431
EBIT growth		202.5%	306.6%	381.9%	302.9%	136.4%	-9.7%	-50.8%
EBIT margin		24.6%	21.0%	17.1%	13.8%	10.4%	6.6%	4.6%
Non-recurring items			1,246	1,128	133	105	109	104
Interest expense			178	195	210	193	158	146
Interest expense			178	195	210	193	158	146
Other income (expense), net		124	435	445	103	40	-116	-8
Pre-tax income		2,097	1,650	1,199	1,307	832	266	173
Income taxes		869	746	629	351	266	200	187
Tax rate		41.4%	45.2%		26.9%	32.0%	75.2%	108.1%
Minority interest			181	141	139	135	141	156
Net income		963	723	429	817	431	-75	-170
Net margin		7.2%	5.7%	3.5%	7.3%	4.1%	-0.8%	-1.8%

Basic EPS [+]		$5.21	$3.89	$2.30	$4.38	$2.31	($0.40)	($0.91)
Growth		125.2%	-1064.0%	-351.7%	-273.5%	-167.1%	-91.1%	-84.9%
Diluted EPS [+]		$5.10	$3.81	$2.26	$4.32	$2.30	($0.40)	($0.91)
Growth		122.3%	-1048.8%	-347.4%	-271.4%	-166.6%	-91.2%	-84.9%

Shares outstanding (basic) [+]		185	186	187	187	186	186	186
Growth		-0.8%	0.0%	0.3%	0.4%	0.3%	0.1%	0.3%
Shares outstanding (diluted) [+]		189	190	190	189	188	187	186
Growth		0.5%	1.6%	2.0%	1.6%	0.9%	0.4%	0.4%

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