Alcoa 2003 Annual Report Download - page 66

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64
11-Ye a r Su m m a r y of Financial and Other Data
(dollars in millions, exceptper-shareamounts and ingot prices)
Thefinancial information for all periods has been reclassified to reflect assets held for sale and discontinued operations.
For t he year ended December 31 2003 2002 2001
Operating Results Sales $21,504 $20,351 $22,576
Cost of goods sold 17,138 16,327 17,611
Selling, general administrative, and other expenses 1,295 1,157 1,264
Research and development expenses 194 214 203
Depreciation, depletion, and amortization 1,194 1,111 1,237
Impairment of goodwill —44 —
Special items — (income) expense (26) 425 566
Interest expense 314 350 371
Other income, net 274 179 309
Ta x e s o nincome 404 291 521
Less: Minority interests’ share 231 135 208
Income from continuing operations 1,034 476 904
(Loss) income from discontinued operations (49) (90) 4
Cumulative effect of accounting change* (47) 34 —
Net income 938 420 908
Alcoa’s average realizedprice per pound for aluminumingot .70 .66 .72
LME
average 3-month price per pound for aluminum ingot .65 .62 .66
Dividends Declared Preferred stock 222
Common stock 514 507 516
Financial Position Wo r k i n g c apital 1,656 1,806 1,527
Properties, plants, and equipment, net 12,557 12,110 11,500
Other assets (liabilities), net 5,894 5,670 5,284
To t a l a ssets 31,711 29,810 28,355
Long-term debt (noncurrent) 6,692 8,366 6,384
Minority interests 1,340 1,293 1,313
Shareholders’ equity 12,075 9,927 10,614
Common Share Data
(dollars per share)
Basic earnings per share†1.09 .49 1.06
Diluted earnings per share†1.08 .49 1.05
Dividends declared .600 .600 .600
Book value (based on year-end outstanding shares) 13.84 11.69 12.46
Price range: High 38.92 39.75 45.71
Low 18.45 17.62 27.36
Shareholders (number) 278,400 273,000 266,800
Average shares outstanding (thousands) 853,352 845,439 857,990
Operating Data
(thousands of metric tons)
Alumina shipments 7,671 7,486 7,217
Aluminum product shipments:
Primary 1,834 1,912 1,776
Fabr icated andfinished products 3,213 3,324 3,216
To t a l 5,047 5,236 4,992
Primary aluminum capacity:
Consolidated 4,020 3,948 4,165
To t a l , i n cluding affiliates’ and others’ share of joint ventures 4,969 4,851 5,069
Primary aluminumproduction:
Consolidated 3,508 3,500 3,488
To t a l , i n cluding affiliates’ and others’ share of joint ventures 4,360 4,318 4,257
OtherStatistics Capitalexpenditures $867 $1,270 $1,177
Number of employees 120,000 127,000 129,000
*Reflects the cumulative effect of the accounting change for asset retirement obligations in 2003, goodwill in 2002,
and revenue recognition in 2000
†Represents earnings per share on netincome