Alcoa 1998 Annual Report Download - page 30

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28
Selected Financial Data
(dollars in millions, except per-share amounts and ingot prices)
1998 1997 1996 1995 1994
Sales $15,339.8 $13,319.2 $13,061.0 $12,499.7 $ 9,904.3
Income before extraordinary loss* 853.0 805.1 514.9 790.5 443.1
Extraordinary loss †—— — — (67.9)
Net income * 853.0 805.1 514.9 790.5 375.2
Basic earnings per common share‡
Before extraordinary loss †2.44 2.33 1.47 2.22 1.24
Net income 2.44 2.33 1.47 2.22 1.05
Diluted earnings per common share‡
Before extraordinary loss †2.42 2.31 1.46 2.20 1.23
Net income 2.42 2.31 1.46 2.20 1.04
Alcoa’s average realized price per pound for
aluminum ingot .67 .75 .73 .81 .64
Average U.S. market price per pound for
aluminum ingot (Metals Week) .66 .77 .71 .86 .71
Cash dividends paid per common share‡.75 .488 .665 .45 .40
Total assets 17,462.5 13,070.6 13,449.9 13,643.4 12,353.2
Long-term debt (noncurrent) 2,877.0 1,457.2 1,689.8 1,215.5 1,029.8
* Includes net after-tax gains of $43.9 in 1997, and net after-tax charges of $122.3 in 1996, $10.1 in 1995 and $50.0 in 1994. See Note D
to the financial statements for additional detail. Also included in 1994 is a gain of $300.2 related to the Alcoa/
WMC
transaction.
†The extraordinary loss relates to the early retirement of debentures.
‡All per-share amounts have been restated to reflect the two-for-one stock split declared on January 8, 1999.