Alcoa 1997 Annual Report Download - page 39

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37
St a te me nt of Co nso lid ate d Inco m e Alcoa an d sub sid iar ie s
(in m illion s, except p er-s h a r e a m ou n t s)
For t h e year en ded Decem ber 31 19 9 7 19 9 6 19 9 5
Re ve n u e s
Sa les a n d op e rat in g reve nu e s (P) $ 13 ,3 19 .2 $13,061.0 $12,499.7
Ot h er in com e, p r in cip a lly in ter est 16 2.5 67.4 155.2
13,481.7 13,128.4 12,654.9
Cos t s a n d Ex pe n s e s
Cost of goo d s sold a n d op erat in g ex pe n s es 1 0,1 5 5.8 9,966.0 9,360.1
Sellin g, gen e ra l a dm in ist r at ive a n d ot h e r ex p en s es 6 70 .6 708.8 707.6
Re sea rch a n d develop m e nt e xp e n se s 1 43 .2 165.5 141.3
Provision for dep reciat ion , deplet ion an d a m or t izat ion 73 4.9 747.2 712.9
Inte rest exp en s e (N) 14 0.9 133.7 119.8
Ta xe s ot h er t h an p ayr oll t a xes 13 0.1 126.6 126.8
Special ite m s (B) (95.5) 198.9 16.2
11,880.0 12,046.7 11,184.7
Ea r n in g s
Incom e before t a xe s on in com e 1,6 01.7 1,081.7 1,470.2
Prov ision fo r t a xe s on in com e (T) 52 8.7 360.7 445.9
Incom e from op erat ion s 1,073.0 721.0 1,024.3
Min or it y in te rest s (2 67 .9) (206.1) (233.8)
Net In com e $ 805.1 $ 514.9 $ 790.5
Ea rn in gs p e r Sh a re (K)
Basic $ 4.66 $ 2.94 $ 4.43
Diluted $ 4.62 $ 2.91 $ 4.39
Th e acco m p a ny in g n ot es a re a n in te gr al p ar t of t h e fin a n cia l st at e m e n t s.