Alcoa 1998 Annual Report Download - page 56

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54
11-Year Summary of Financial and Other Data
(dollars in millions, except per-share amounts and ingot prices)
FortheyearendedDecember31 1998 1997 1996
Operating Results Sales $15,339.8 $13,319.2 $13,061.0
Other income (loss) 149.6 162.5 67.4
Cost of goods sold 11,804.8 10,155.8 9,966.0
Selling, general administrative and other expenses 768.8 670.6 708.8
Research and development expenses 128.4 143.2 165.5
Depreciation and depletion 842.4 734.9 747.2
Special items—(income) expense —(95.5) 198.9
Interest expense 197.9 140.9 133.7
Taxes on income 513.5 528.7 360.7
Other taxes 142.3 130.1 126.6
Income from operations 1,091.3 1,073.0 721.0
Minority interests (238.3) (267.9) (206.1)
Extraordinary losses and accounting changes* ———
Net income (loss) 853.0 805.1 514.9
Alcoa’s average realized price per pound for aluminum ingot .67 .75 .73
Average U.S. market price per pound for aluminum ingot (Metals Week) .66 .77 .71
Dividends Declared Preferred stock 2.1 2.1 2.1
Common stock 263.1 168.3 232.1
Financial Position Working capital 1,756.8 1,964.4 1,907.8
Properties, plants and equipment 9,133.5 6,666.5 7,077.5
Other assets (liabilities), net (481.4) (1,314.6) (1,222.6)
Total assets 17,462.5 13,070.6 13,449.9
Long-term debt (noncurrent) 2,877.0 1,457.2 1,689.8
Minority interests 1,476.0 1,439.7 1,610.5
Shareholders’ equity 6,055.9 4,419.4 4,462.4
Common Share Data
(dollars per share)
Basic earnings per share 2.44 2.33 1.47
Diluted earnings per share 2.42 2.31 1.46
Dividends declared .75 .488 .665
Book value (based on year-end outstanding shares) 16.36 12.97 12.77
Price range: High 40
5
⁄
8
44
13
⁄
16
33
1
⁄
8
Low 29 32
1
⁄
8
24
9
⁄
16
Shareholders (number) 119,000 95,800 88,300
Average shares outstanding (thousands) 349,114 344,452 348,667
Operating Data
(thousands of metric tons)
Alumina shipments 7,130 7,223 6,406
Aluminum product shipments:
Primary 1,367 920 901
Fabricated and finished products 2,584 2,036 1,940
Total 3,951 2,956 2,841
Primary aluminum capacity:
Consolidated 3,159 2,108 2,101
Total, including affiliates’ and others’ share of joint ventures 3,984 2,652 2,642
Primary aluminum production:
Consolidated 2,471 1,725 1,708
Total, including affiliates’ and others’ share of joint ventures 3,158 2,254 2,240
Other Statistics Capital expenditures $932 $912 $996
Number of employees 103,500 81,600 76,800
Pretaxprofitonrevenues(%) 10.4 11.9 8.2
Return on average shareholders’ equity (%) 16.3 18.1 11.6
Return on average invested capital (%) 13.8 15.5 11.0
*Reflects the cumulative effects of the accounting changes for postretirement benefits and income taxes in 1992