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Alcoa Corp cash flow statement

In fiscal 2025, Alcoa Corp's operations generated $1.19bn of cash; it spent $618m on capital projects, leaving free cash flow of $567m. It returned $104m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations842875−3111,224448686394920822916221,1851,609
Depreciation and amortisation954780718750733713653664617632642623673
Stock-based pay39352824353025394035364151
Capital spending444391404405399379353390480531580618719
Free cash flow398484−7158194930741530342−44042567890
Free cash flow after stock pay359449−7437951427716491302−4756526839
Dividends paid———————19727289104106
Share buybacks————50——15050000——

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Alcoa Corp's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Alcoa Corp.