Alcoa 2003 Annual Report Download - page 65

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63
Supplemental Financial Information
Quarterly Data (unaudited)
(dollars in millions, except per-share amounts)
First Second Third Fourth Year
2003
Sales $5,140 $5,497 $5,335 $5,532 $21,504
Income from continuing operations 195 217 282 340 1,034
Income (loss) from discontinued operations (B) 3(1)(2)(49) (49)
Cumulative effect of accounting change (C) (47) — — — (47)
Net income* 151 216 280 291 938
Earnings (loss) per share:
Basic:
Income from continuing operations .23 .26 .33 .39 1.21
Loss from discontinued operations ———(.06) (.06)
Cumulative effect of accounting change (.06) — — — (.06)
Net income .17 .26 .33 .33 1.09
Diluted:
Income from continuing operations .23 .26 .33 .39 1.20
Loss from discontinued operations ———(.06) (.06)
Cumulative effect of accounting change (.06) — — — (.06)
Net income .17 .26 .33 .33 1.08
Thefinancial information for all periods presented has been reclassified to reflect assets held for sale and discontinued operations. See Note B to the
Consolidated Financial Statements for further information.
*Afterspecial charges reflecting income of $25 in the fourth quarter (Note D)
First Second Third Fourth Year
2002
Sales $4,908 $5,173 $5,174 $5,096 $20,351
Income (loss) from continuing operations 184 237 201 (146) 476
Loss from discontinued operations (B) — (5) (8) (77) (90)
Cumulative effect of accounting change (E) 34 — — — 34
Netincome (loss)* 218 232 193 (223) 420
Earnings (loss) per share:
Basic:
Income (loss) from continuing operations .22 .28 .24 (.17) .56
Loss from discontinued operations — (.01) (.01) (.09) (.11)
Cumulative effect of accounting change .04 — — — .04
Netincome (loss) .26 .27 .23 (.26) .49
Diluted:
Income (loss) from continuing operations .22 .28 .24 (.17) .56
Loss from discontinued operations — (.01) (.01) (.09) (.11)
Cumulative effect of accounting change .04 — — — .04
Netincome (loss) .26 .27 .23 (.26) .49
Thefinancial information for all periods presented has been reclassified to reflect assets held for sale and discontinued operations. See Note B to the
Consolidated Financial Statements for further information.
*Afterspecial charges of $23 inthethird quarter, and special charges of $257 and impairment of goodwill of $20 in the fourth quarter (Notes D and E)
Number of Employees (unaudited)
2003 2002 2001
U.S. 49,300 53,500 56,500
Other Americas 35,300 38,200 38,700
Europe 27,700 28,300 27,700
Pacific 7,700 7,000 6,100
120,000 127,000 129,000