Alcoa 2012 Annual Report Download - page 93

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Alcoa and subsidiaries
Statement of Consolidated Operations
(in millions, except per-share amounts)
For the year ended December 31, 2012 2011 2010
Sales (Q) $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 (D) 87 281 207
Interest expense (V) 490 524 494
Other (income) expenses, net (O) (341) (87) 5
Total costs and expenses 23,376 23,888 20,465
Income from continuing operations before income taxes 324 1,063 548
Provision for income taxes (T) 162 255 148
Income from continuing operations 162 808 400
Loss from discontinued operations (B) - (3) (8)
Net income 162 805 392
Less: Net (loss) income attributable to noncontrolling interests (29) 194 138
Net Income Attributable to Alcoa $ 191 $ 611 $ 254
Amounts Attributable to Alcoa Common Shareholders:
Income from continuing operations $ 191 $ 614 $ 262
Loss from discontinued operations - (3) (8)
Net income $ 191 $ 611 $ 254
Earnings per Share Attributable to Alcoa Common Shareholders (S):
Basic:
Income from continuing operations $ 0.18 $ 0.58 $ 0.25
Loss from discontinued operations - (0.01) -
Net income $ 0.18 $ 0.57 $ 0.25
Diluted:
Income from continuing operations $ 0.18 $ 0.55 $ 0.25
Loss from discontinued operations - - (0.01)
Net income $ 0.18 $ 0.55 $ 0.24
The accompanying notes are an integral part of the consolidated financial statements.
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