Alcoa 2003 Annual Report Download - page 2

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%
dollars in millions, except per-share amounts 2003 2002 change
Sales $21,504 $20,351 6
Income from continuing operations 1,034 476 117
Net income 938 420 123
Total assets 31,711 29,810 6
Capital expenditures from continuing operations 863 1,264 (32)
Cash provided from continuing operations 2,426 1,911 27
Per common share data:
Basic:
Income from continuing operations 1.21 0.56 116
Net income 1.09 0.49 122
Diluted:
Income from continuing operations 1.20 0.56 114
Net income 1.08 0.49 120
Dividends Paid .60 .60 —
Book value* 13.84 11.69 18
Number of shareholders 278,400 273,000 2
Average common shares outstanding (000) 853,352 845,439 1
Number of employees 120,000 127,000 (6)
Financial and Operating Highlights
2002 data has been reclassified to reflect assets held for sale and discontinued operations.
* Book value = (Total shareholders’ equity minus Preferred stock) divided by Common stock
outstanding, end of year
* Includes Canada, Caribbean,
Mexico and South America
Alcoa at a Glance
• Alcoa is the world’s leading producer of
primary aluminum, fabricated aluminum,
and alumina and is active in all major
aspects of the industry.
• Alcoa serves the aerospace, automotive,
packaging, building and construction,
commercial transportation, and industrial
markets, bringing design, engineering,
production, and other capabilities of
Alcoa’s businesses as a single solution
to customers.
• In addition to aluminum products and
components, Alcoa also makes and
markets consumer brands including
Reynolds Wrap®, Alcoa®wheels, and
Baco®household wraps. Among its
other businesses are vinyl siding, closures,
fastening systems, precision castings,
and electrical distribution systems for
cars and trucks.
• The company has 120,000 employees
in 41 countries. For more information,
go to www.alcoa.com
2003 Revenues: $21.5 Billion Contents
Letter to Shareowners 1
Markets, Customers, Solutions 4
News 16
Financial and Corporate Data 21
Directors 66
Officers 67
Shareowner Information 68
Vision and Values IBC
On the Cover
Some of the ways our customers use
Alcoa solutions to make life better every
day (clockwise, from top): aerospace
(Airbus A320®); packaging (Alcoa Closure
Systems International); automotive
(Ferrari®612 Scaglietti®); and building and
construction (Crystal Tower, Amsterdam).
By Segment
billions
$5.6 Engineered Products
$4.8 Flat-Rolled Products
$3.2 Primary Metals
$3.2 Packaging and Consumer
$2.7 Other
$2.0 Alumina and Chemicals
By Geographic Area
percent
61% United States
22% Europe
10% Pacific
7% Other Americas*
$5.6
$4.8
$3.2
$3.2
$2.7
$2.0
61%
22%
10%
7%