Alcoa 2009 Annual Report Download - page 127
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Geographic information for sales is as follows (based upon the country where the point of sale occurred):
2009 2008 2007
Sales:
U.S. $ 9,546 $14,335 $16,124
Australia 2,287 3,228 3,224
Spain 1,099 1,733 1,844
Netherlands 1,002 1,263 595
Brazil 897 1,287 1,213
France 669 854 779
Norway* 477 24 69
Hungary 419 940 1,321
Italy 394 674 767
Russia 383 597 583
United Kingdom 379 576 730
Germany 260 403 463
Other 627 987 1,568
$18,439 $26,901 $29,280
* The increase in sales in Norway was due to the acquisition of two smelters in March 2009 (see Note F).
Geographic information for long-lived assets is as follows (based upon the physical location of the assets):
December 31, 2009 2008
Long-lived assets:
U.S. $ 4,899 $ 5,007
Brazil 4,653 3,373
Australia 3,062 2,328
Iceland 1,687 1,747
Canada 1,528 1,586
Norway* 1,084 454
Russia 587 601
Spain 541 542
Jamaica 449 468
China 403 396
Other 935 953
$19,828 $17,455
* The increase in assets in Norway was due to the acquisition of two smelters in March 2009 (see Note F).
R. Preferred and Common Stock
Preferred Stock. Alcoa has two classes of preferred stock. Serial preferred stock has 660,000 shares authorized at a
par value of $100 per share with an annual $3.75 cumulative dividend preference per share. There were 546,024 of
such shares outstanding at December 31, 2009 and 2008. Class B serial preferred stock has 10 million shares
authorized (none issued) and a par value of $1 per share.
Common Stock. There are 1.8 billion shares authorized at a par value of $1 per share, and 1,097,074,538 and
924,574,538 shares were issued at December 31, 2009 and 2008, respectively, (see Note Y). In March 2009, Alcoa
issued 172.5 million shares of common stock at a price of $5.25 per share. The issuance of common stock included
22.5 million shares related to the exercise of an over-allotment option by the underwriters. The underwriting discount
and third-party expenses for the issuance of the common stock were $30, which was recorded as a decrease to
additional capital. The common stock was issued under Alcoa’s shelf registration statement dated March 10, 2008. The
net proceeds from the issuance of common stock ($876) and the convertible notes (see Note K) were used to prepay the
$1,300 outstanding under Alcoa’s 364-day revolving credit facility (see Note K). The remaining net proceeds were
used for general corporate purposes.
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