Alcoa 2012 Annual Report Download - page 192

11-Year Summary of Financial and Other Data (unaudited)
(dollars in millions, except ingot prices and per-share amounts)
For the year ended December 31, 2012 2011 2010
Operating Results
Sales $ 23,700 $ 24,951 $ 21,013
Cost of goods sold (exclusive of expenses below) 20,486 20,480 17,174
Selling, general administrative, and other expenses 997 1,027 961
Research and development expenses 197 184 174
Provision for depreciation, depletion, and amortization 1,460 1,479 1,450
Restructuring and other charges 87 281 207
Interest expense 490 524 494
Other income (expenses), net 341 87 (5)
Provision (benefit) for income taxes 162 255 148
(Loss) income from discontinued operations - (3) (8)
Cumulative effect of accounting changes(1) ---
Net (loss) income attributable to noncontrolling interests (29) 194 138
Net income (loss) attributable to Alcoa 191 611 254
Income (loss) from continuing operations attributable to Alcoa 191 614 262
Ingot Prices
Alcoa’s average realized price per metric ton of aluminum $ 2,327 $ 2,636 $ 2,356
LME average cash price per metric ton of aluminum 2,019 2,398 2,173
LME average three-month price per metric ton of aluminum 2,050 2,422 2,198
Operating Data (thousands of metric tons)
Alumina shipments 9,295 9,218 9,246
Aluminum product shipments:
Primary(2) 3,030 2,953 2,819
Fabricated and finished products 2,167 2,084 1,938
Total 5,197 5,037 4,757
Primary aluminum capacity:
Consolidated 4,227 4,518 4,518
Nameplate(3) 4,784 5,075 5,075
Primary aluminum production:
Consolidated 3,742 3,775 3,586
Nameplate(3) 4,259 4,304 4,111
Financial Position
Cash and cash equivalents $ 1,861 $ 1,939 $ 1,543
Properties, plants, and equipment, net(4) 18,947 19,282 20,072
Total assets 40,179 40,120 39,293
Total debt 8,829 9,371 9,165
Noncontrolling interests 3,324 3,351 3,475
Total shareholders’ equity 13,199 13,844 13,611
Cash Flows
Cash provided from operations $ 1,497 $ 2,193 $ 2,261
Capital expenditures(5) 1,261 1,287 1,015
Common Share Data
Estimated number of shareholders(6) 318,000 319,000 325,000
Common stock outstanding — end of year (thousands) 1,067,212 1,064,412 1,022,026
Basic earnings per share(7) $ 0.18 $ 0.57 $ 0.25
Diluted earnings per share(7) 0.18 0.55 0.24
Dividends declared per share 0.12 0.12 0.12
Book value per share(8) 12.32 12.96 13.26
Price range: High 10.92 18.47 17.60
Low 7.98 8.45 9.81
Other Data
Number of employees 61,000 61,000 59,000
(1) Reflects the cumulative effect of the accounting change for conditional asset retirement obligations in 2005, asset retirement
obligations in 2003, and goodwill in 2002.
(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, the joint venture partner’s share of capacity or
production from certain smelters majority-owned by Alcoa, and Alcoa’s share of capacity or production of 50-percent or less
owned smelters.
(4) Properties, plants, and equipment, net was revised for all periods presented to reflect the movement of the Tapoco Hydroelectric
Power Project to held for sale classification (see Note B to the Consolidated Financial Statements in Part II Item 8 of Alcoa’s
2012 Form 10-K).