Alcoa 1998 Annual Report Download - page 3

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1
1998 1997 % change
Sales $15,339.8 $13,319.2 15
Income from operations 1,091.3 1,073.0 2
Net income* 853.0 805.1 6
Per common share:‡
Basic earnings 2.44 2.33 5
Diluted earnings 2.42 2.31 5
Dividends paid .75 .488 54
Book value 16.36 12.97 26
Total assets 17,462.5 13,070.6 34
Capital expenditures 931.8 912.4 2
Cash flow from operations 2,196.7 1,887.6 16
Return on average shareholders’ equity† 16.3% 18.1% (10)
Debt as a percent of invested capital 32% 25% 28
Interest coverage ratio 7.4 9.4 (21)
Current assets / liabilities ratio 1.5 to 1 1.8 to 1 –
Price/earnings (P/E) ratio 15.4 15.2 1
Shipments of aluminum products (000 metric tons) 3,951 2,956 34
Number of shareholders 119,000 95,800 24
Average common shares outstanding (000) 349,114 344,452 1
Number of employees 103,500 81,600 27
* Includes net gains of $43.9 in 1997
† Without the above, the return on equity was 17.1% in 1997.
‡All per-share amounts have been restated to reflect the
two-for-one stock split declared on January 8, 1999.
Financial and Operating Highlights
(dollars in millions, except share amounts)
By Market
22%
Transportation
Packaging
Distribution and Other
Aluminum Ingot
Alumina and Chemicals
Building and Construction
U.S.
Australia
Spain
Brazil
Canada
Germany
Others
18%
24%
10%
57%
11%
12%
13%
14%
6%
1998 Revenues: $15.3 Billion
By Country
Alcoans,
from the top:
Papp Zoltán
Székesfehérvár,
Hungary
Tony Colling
Wagerup, Australia
Xu Yun Hua
Shanghai, China
Troy Barnett
Lafayette, Ind.
Vera Kelly
Davenport, Iowa
Daniel Fernandez
Amorebieta, Spain
Nancy Brown
Pittsburgh, Pa.
Brett Marnham
Wagerup, Australia
3%
6%
4%