Alcoa 2009 Annual Report Download - page 82

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Alcoa and subsidiaries
Statement of Consolidated Operations
(in millions, except per-share amounts)
For the year ended December 31, 2009 2008 2007
Sales (Q) $18,439 $26,901 $29,280
Cost of goods sold (exclusive of expenses below) 16,902 22,175 22,803
Selling, general administrative, and other expenses 1,009 1,167 1,444
Research and development expenses 169 246 238
Provision for depreciation, depletion, and amortization 1,311 1,234 1,244
Restructuring and other charges (D) 237 939 268
Interest expense (V) 470 407 401
Other income, net (O) (161) (59) (1,920)
Total costs and expenses 19,937 26,109 24,478
(Loss) income from continuing operations before income taxes (1,498) 792 4,802
(Benefit) provision for income taxes (T) (574) 342 1,623
(Loss) income from continuing operations (924) 450 3,179
Loss from discontinued operations (B) (166) (303) (250)
Net (loss) income (1,090) 147 2,929
Less: Net income attributable to noncontrolling interests 61 221 365
Net (Loss) Income Attributable to Alcoa $ (1,151) $ (74) $ 2,564
Amounts Attributable to Alcoa Common Shareholders
(Loss) income from continuing operations $ (985) $ 229 $ 2,814
Loss from discontinued operations (166) (303) (250)
Net (loss) income $ (1,151) $ (74) $ 2,564
Earnings per Share Attributable to Alcoa Common Shareholders (S)
Basic:
(Loss) income from continuing operations $ (1.06) $ 0.27 $ 3.24
Loss from discontinued operations (0.17) (0.37) (0.29)
Net (loss) income $ (1.23) $ (0.10) $ 2.95
Diluted:
(Loss) income from continuing operations $ (1.06) $ 0.27 $ 3.22
Loss from discontinued operations (0.17) (0.37) (0.28)
Net (loss) income $ (1.23) $ (0.10) $ 2.94
The accompanying notes are an integral part of the consolidated financial statements.
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