Alcoa 2013 Annual Report Download - page 66

Download and view the complete annual report

Please find page 66 of the 2013 Alcoa annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 208

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208

Item 6. Selected Financial Data.
(dollars in millions, except per-share amounts and ingot prices; shipments in thousands of metric tons [kmt])
For the year ended December 31, 2013 2012 2011 2010 2009
Sales $23,032 $23,700 $24,951 $21,013 $18,439
Amounts attributable to Alcoa common shareholders:
(Loss) income from continuing operations $ (2,285) $ 191 $ 614 $ 262 $ (985)
Loss from discontinued operations - - (3) (8) (166)
Net (loss) income $ (2,285) $ 191 $ 611 $ 254 $ (1,151)
Earnings per share attributable to Alcoa common shareholders:
Basic:
(Loss) income from continuing operations $ (2.14) $ 0.18 $ 0.58 $ 0.25 $ (1.06)
Loss from discontinued operations - - (0.01) - (0.17)
Net (loss) income $ (2.14) $ 0.18 $ 0.57 $ 0.25 $ (1.23)
Diluted:
(Loss) income from continuing operations $ (2.14) $ 0.18 $ 0.55 $ 0.25 $ (1.06)
Loss from discontinued operations - - - (0.01) (0.17)
Net (loss) income $ (2.14) $ 0.18 $ 0.55 $ 0.24 $ (1.23)
Shipments of alumina (kmt) 9,966 9,295 9,218 9,246 8,655
Shipments of aluminum products (kmt) 4,994 5,197 5,037 4,757 5,097
Alcoa’s average realized price per metric ton of aluminum $ 2,243 $ 2,327 $ 2,636 $ 2,356 $ 1,856
Cash dividends declared per common share $ 0.12 $ 0.12 $ 0.12 $ 0.12 $ 0.26
Total assets 35,742 40,179 40,120 39,293 38,472
Short-term borrowings 57 53 62 92 176
Commercial paper - - 224 - -
Long-term debt, including amounts due within one year 8,262 8,776 9,085 9,073 9,643
The data presented in the Selected Financial Data table should be read in conjunction with the information provided in
Management’s Discussion and Analysis of Financial Condition and Results of Operations in Part II Item 7 and the
Consolidated Financial Statements in Part II Item 8 of this Form 10-K.
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
(dollars in millions, except per-share amounts and ingot prices; production and shipments in thousands of
metric tons [kmt])
Overview
Our Business
Alcoa is a global leader in lightweight metals engineering and manufacturing. Alcoa’s innovative, multi-material
products, which include aluminum, titanium, and nickel, are used worldwide in aircraft, automobiles, commercial
transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial
applications.
50