Alcoa 2010 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, 2010 2009 2008
Sales (Q) $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 (D) 207 237 939
Interest expense (V) 494 470 407
Other expenses (income), net (O) 5 (161) (59)
Total costs and expenses 20,465 19,937 26,109
Income (loss) from continuing operations before income taxes 548 (1,498) 792
Provision (benefit) for income taxes (T) 148 (574) 342
Income (loss) from continuing operations 400 (924) 450
Loss from discontinued operations (B) (8) (166) (303)
Net income (loss) 392 (1,090) 147
Less: Net income attributable to noncontrolling interests 138 61 221
Net Income (Loss) Attributable to Alcoa $ 254 $ (1,151) $ (74)
Amounts Attributable to Alcoa Common Shareholders:
Income (loss) from continuing operations $ 262 $ (985) $ 229
Loss from discontinued operations (8) (166) (303)
Net income (loss) $ 254 $ (1,151) $ (74)
Earnings per Share Attributable to Alcoa Common Shareholders (S):
Basic:
Income (loss) from continuing operations $ 0.25 $ (1.06) $ 0.27
Loss from discontinued operations - (0.17) (0.37)
Net income (loss) $ 0.25 $ (1.23) $ (0.10)
Diluted:
Income (loss) from continuing operations $ 0.25 $ (1.06) $ 0.27
Loss from discontinued operations (0.01) (0.17) (0.37)
Net income (loss) $ 0.24 $ (1.23) $ (0.10)
The accompanying notes are an integral part of the consolidated financial statements.
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