Alcoa 2000 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2000 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 72

  • 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

Name /alcoa/4500 06/01/2001 02:20PM Plate # 0 com g 62 # 1
62
For the year ended December 31 2000 1999 1998
Operating Results Sales $22,936 $16,323 $15,340
Other income 154 124 149
Cost of goods sold 17,342 12,536 11,933
Selling, general administrative and other expenses 1,108 851 783
Research and development expenses 194 128 128
Depreciation and depletion 1,207 888 842
Special items — (income) expense ———
Interest expense 427 195 198
Taxes on income 942 553 514
Income from operations 1,870 1,296 1,091
Less: Minority interests 381 242 238
Extraordinary losses and accounting changes* (5) ——
Net income (loss) 1,484 1,054 853
Alcoa’s average realized price per pound for aluminum ingot .77 .67 .67
Average U.S. market price per pound for aluminum ingot (Metals Week) .75 .66 .66
Dividends Declared Preferred stock 222
Common stock 416 296 263
Financial Position Working capital (376) 1,797 1,757
Properties, plants and equipment 12,850 9,133 9,134
Other assets (liabilities), net 5,449 (497) (482)
Total assets 31,691 17,066 17,463
Long-term debt (noncurrent) 4,987 2,657 2,877
Minority interests 1,514 1,458 1,476
Shareholders’ equity 11,422 6,318 6,056
Common Share Data
(dollars per share)
Basic earnings per share* 1.82 1.43 1.22
Diluted earnings per share* 1.80 1.41 1.21
Dividends declared .500 .403 .375
Book value (based on year-end outstanding shares) 13.13 8.51 8.18
Price range: High 43
5
⁄
8
41
11
⁄
16
20
5
⁄
16
Low 23
1
⁄
8
17
31
⁄
32
14
1
⁄
2
Shareholders (number) 265,300 185,000 119,000
Average shares outstanding (thousands) 814,229 733,888 698,228
Operating Data
(thousands of metric tons)
Alumina shipments 7,472 7,054 7,130
Aluminum product shipments:
Primary 2,032 1,411 1,367
Fabricated and finished products 3,366 3,067 2,584
To t a l 5,398 4,478 3,951
Primary aluminum capacity:
Consolidated 4,219 3,182 3,159
Total, including affiliates’ and others’ share of joint ventures 5,141 4,024 3,984
Primary aluminum production:
Consolidated 3,539 2,851 2,471
Total, including affiliates’ and others’ share of joint ventures 4,395 3,695 3,158
Other Statistics Capital expenditures $1,121 $920 $932
Number of employees 142,000 107,700 103,500
Pretaxprofitonsales(%) 12.3 11.3 10.4
Return on average shareholders’ equity (%) 16.8 17.2 16.3
Return on average invested capital (%) 15.0 13.8 13.8
*Reflects the cumulative effects of the accounting changes for revenue recognition in 2000, for extraordinary loss on debt
repayments in 1994 and for postretirement benefits and income taxes in 1992
11-Year Summary of Financial and Other Data
(dollars in millions, except per-share amounts and ingot prices)