Alcoa 2010 Annual Report Download - page 180

11-Year Summary of Financial and Other Data (unaudited)
(dollars in millions, except per-share amounts and ingot prices)
For the year ended December 31, 2010 2009 2008
Operating Results
Sales $ 21,013 $ 18,439 $ 26,901
Cost of goods sold (exclusive of expenses below) 17,174 16,902 22,175
Selling, general administrative, and other expenses 961 1,009 1,167
Research and development expenses 174 169 246
Provision for depreciation, depletion, and amortization 1,450 1,311 1,234
Restructuring and other charges 207 237 939
Interest expense 494 470 407
Other (expenses) income, net (5) 161 59
Provision (benefit) for income taxes 148 (574) 342
(Loss) income from discontinued operations (8) (166) (303)
Cumulative effect of accounting changes(1) ---
Net income attributable to noncontrolling interests 138 61 221
Net income (loss) attributable to Alcoa 254 (1,151) (74)
Income (loss) from continuing operations attributable to Alcoa 262 (985) 229
Ingot Prices
Alcoa’s average realized price per metric ton of aluminum $ 2,356 $ 1,856 $ 2,714
LME average cash price per metric ton of aluminum ingot 2,173 1,664 2,572
LME average three-month price per metric ton of aluminum ingot 2,198 1,699 2,621
Operating Data (thousands of metric tons)
Alumina shipments 9,246 8,655 8,041
Aluminum product shipments:
Primary(2) 2,819 3,022 2,902
Fabricated and finished products 1,938 2,075 2,579
Total 4,757 5,097 5,481
Primary aluminum capacity:
Consolidated 4,518 4,813 4,531
Nameplate(3) 5,075 5,370 5,229
Primary aluminum production:
Consolidated 3,586 3,564 4,007
Nameplate(3) 4,111 4,130 4,710
Financial Position
Cash and cash equivalents $ 1,543 $ 1,481 $ 762
Properties, plants, and equipment, net 20,161 19,828 17,455
Total assets 39,293 38,472 37,822
Total debt 9,165 9,819 10,578
Noncontrolling interests 3,475 3,100 2,597
Total shareholders’ equity 13,611 12,420 11,735
Cash Flows
Cash provided from operations $ 2,261 $ 1,365 $ 1,234
Capital expenditures(4) 1,015 1,622 3,438
Common Share Data
Estimated number of shareholders(5) 325,000 301,000 292,000
Common stock outstanding — end of year (thousands) 1,022,026 974,379 800,317
Basic earnings per share(6) $ 0.25 $ (1.23) $ (0.10)
Diluted earnings per share(6) 0.24 (1.23) (0.10)
Dividends declared 0.12 0.26 0.68
Book value(7) 13.26 12.70 14.60
Price range: High 17.60 16.51 44.77
Low 9.81 4.97 6.80
Other Data
Number of employees 59,000 59,000 87,000
(1) Reflects the cumulative effect of the accounting change for conditional asset retirement obligations in 2005, asset retirement
obligations in 2003, goodwill in 2002, and revenue recognition in 2000.
(2) Primary aluminum product shipments are not synonymous with aluminum shipments of the Primary Metals segment, as a
portion of this segment’s aluminum shipments relate to fabricated products.
(3) Nameplate is equivalent to the sum of Consolidated capacity or production, Alcoa’s share of capacity or production of
50-percent or less owned smelters, and the joint venture partner’s share of capacity or production from certain smelters
majority-owned by Alcoa.