Alcoa 1997 Annual Report Download - page 51

■ Ot h e r Am erica s
■ U.S.
■ Eu rop e
■ Pa cific
*At ye a r-en d
Em ployees by Geographic Area
1997: 81,600*
8%
44%
33%
15%
49
Su pp lem en t al Fina ncial In form at ion
Quarterly Data (unaudited)
(dolla rs in m illion s, except p er-s h a r e a m o u n t s)
1997 First Second Third Fourth Year
Sales an d ope rat ing
r e ve n u e s $3,231.1 $3,432.0 $3,357.5 $3,298.6 $13,319.2
Incom e from
op erat ion s 220.8 276.0 286.4 289.8 1,073.0
Ne t in com e * 159.1 207.6 228.1 210.3 805.1
Ea r n ings per sh are:
Ba s ic .92 1.19 1.32 1.23 4.66
Dilute d .91 1.18 1.29 1.21 4.62
*Aft er sp e cia l ch a rge s (ga in s) of $1.1, or on e cen t p e r b as ic sh a r e, in t h e
fir st qu a r te r; $(12.3), o r s eve n ce n ts p e r b as ic sh a re, in t h e t h ir d qu a r t e r;
an d $(32.7), or 19 ce nt s per bas ic sh a re, in th e fou r t h qu ar t er
1996 Fir st Se con d Th ird Fou r t h Ye ar
Sales an d ope rat ing
revenu es $3,149.6 $3,413.1 $3,240.6 $3,257.7 $13,061.0
Incom e from
ope rat ion s 246.2 187.7 104.7 182.4 721.0
Net incom e * 178.2 132.2 68.4 136.1 514.9
Ea r n ings per sh are:
Ba s ic 1.01 .76 .39 .78 2.94
Dilute d 1.00 .75 .39 .77 2.91
*Aft er sp e cia l ch a rge s of $40.0, o r 23 ce n ts p e r b as ic sh a re, in t h e s econ d
qu a r t er ; $65.5, or 38 ce n t s p er ba s ic sh a r e, in t h e t h ir d qu a r t e r; a n d $16.8,
or 10 cen ts p er ba sic sh a re, in th e fou r t h qu ar t er
Num ber of Em ployees (unaudited)
(at year-e n d)
1997 19 9 6 19 9 5
Ot h er Am e r ica s 36,200 29,800 24,300
U. S. 27,200 28,900 31,600
Eu r op e 11,900 12,500 10,100
Pacific 6,300 5,600 6,000
81,600 76,800 72,000
W. Majority-Ow ned Subsidiaries
Th e con de n se d fin a n cia l st at em e n t s of Alco a’s p r in cip a l m a jor it y-
ow n e d su bs idia r ie s follow.
Alcoa Alum inio S.A . — a 59%-ow n e d su bs idia r y of Alcoa Br az il Hold-
in gs Com p a ny:
Decem b er 31 1997 19 9 6
Ca sh an d sh or t-te r m inve st m en ts $ 305.8 $ 269.1
Ot h er cu r r en t a ss et s 389.8 441.2
Pr op e r t ie s, p la n ts a n d e qu ip m e n t, n et 825.4 897.5
Ot h er a s set s 233.1 235.0
Tot al a ssets 1,754.1 1,842.8
Cu r ren t liab ilit ie s 316.8 404.0
Lon g- t e r m de b t 403.2 492.5
Ot h er liab ilit ie s 88.5 62.1
Tot al liab ilit ies 808.5 958.6
Net a sset s $ 945.6 $ 884.2
1997 19 9 6 19 9 5
Reven ues * $ 1,213.4 $ 1,188.1 $ 1,200.1
Cost s an d ex pe n se s (1,108.3) (1,183.5) (1,050.2)
Tr a n sla t io n a n d e xc h a n ge a d ju s t m e n t s 1.6 (.3) 4.3
In com e t a x (exp en s e) b en efit 7.6 22.0 (2.3)
Ne t in com e $ 114.3 $ 26.3 $ 151.9
*Reve nu es from Alcoa w e re $21.3 in 1997, $12.3 in 1996 an d $188.4 in 1995.
The te rm s of t he t ran sact ion s we re e st ablish ed by n egot iat ion betw een
t h e p a r t ie s.
Alcoa of Australia Limited — a 60%-o w n e d su b s id ia r y of Alcoa In t e r-
n at ion a l Hold in gs Com p a ny:
Decem b er 31 1997 19 9 6
Ca sh an d sh or t-te r m inve st m en ts $ 9.5 $ 13.9
Ot h er cu r r en t a ss et s 386.1 522.4
Pr op e r t ie s, p la n ts a n d e qu ip m e n t, n et 1,385.9 1,695.4
Ot h er a s set s 86.2 108.6
Tot al a ssets 1,867.7 2,340.3
Cu r ren t liab ilit ie s 304.1 341.9
Lon g- t e r m de b t 225.3 131.0
Ot h er liab ilit ie s 361.6 435.7
Tot al liab ilit ies 891.0 908.6
Net a sset s $ 976.7 $1,431.7
1997 19 9 6 19 9 5
Reven ues * $ 1,949.3 $ 1,971.5 $ 1,785.0
Cost s an d ex pe n se s (1,486.7) (1,510.3) (1,372.3)
In com e t a x e xp en s e (167.9) (157.7) (164.1)
Ne t in com e $ 294.7 $ 303.5 $ 248.6
*Revenu es from Alcoa we r e $64.1 in 1997, $54.3 in 1996 and $55.4 in 1995.
The te rm s of t he t ran sact ion s we re e st ablish ed by n egot iat ion betw een
t h e p a r t ie s.