Alcoa 2001 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2001 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

2001 2000 %change
Sales $22,859 $22,936 0
Income from operations* 1,116 1,870 (40)
Net income* 908 1,484 (39)
Total assets 28,355 31,691 (11)
Capital expenditures 1,177 1,121 5
Cash flow from operations 2,411 2,851 (15)
Per common share:
Basic earnings (before cumulative effect) 1.06 1.83 (42)
Basic earnings (after cumulative effect) 1.06 1.82 (42)
Diluted earnings (before cumulative effect) 1.05 1.81 (42)
Diluted earnings (after cumulative effect) 1.05 1.80 (42)
Dividends paid .600 .500 20
Book value 12.46 13.13 (5)
Return on average shareholders’ equity†8.3% 16.8% (51)
Price/earnings (P/E) ratio 33.9 18.6 82
Number of shareholders 266,800 265,300 1
Average common shares outstanding (000) 857,990 814,229 5
Number of employees 129,000 142,000 (9)
Financial and Operating Highlights
dollars in millions, except share amounts
2001 Revenues: $22.9 Billion
Alumina and Chemicals 8%
Building and
Construction 12%
Aluminum Ingot 15%
Transportation 23%
By Market
Distribution
and Other 20%
Packaging and Consumer 22%
Europe 20%
Pacific 7%
United States 66%
By Geographic Area
Other Americas 7%
* Includes special charges (after tax and minority interests) of $355, or 41 cents per common share, in 2001.
†Excluding special charges, the return on average shareholders’ equity was 11.4% in 2001.
Alcoa
at a Glance
• World’s leading producer
of primary aluminum, fabricat-
ed aluminum, and alumina.
Active in all major aspects
of the industry – technology,
mining, refining, smelting,
fabricating and recycling.
• Alcoa’s aluminum products
and components are used
worldwide in aircraft, automo-
biles, beverage cans, build-
ings, chemicals, sports and
recreation, and a wide variety
of industrial and consumer
applications, including such
Alcoa consumer brands as
Alcoa®wheels, Reynolds
Wrap®aluminum foil, and
Baco®household wraps.
• Related businesses include
packaging machinery, preci-
sion castings, vinyl siding,
plastic bottles and closures,
fiber optic cables, and electri-
cal distribution systems for
cars and trucks.
• Vital statistics: 129,000
Alcoans in 38 countries,
$22.9 billion in revenues,
and in 2001 it was six times
safer to work at Alcoa than
it was in 1991.
1 Letter to Shareholders
5 Alcoa’s Way
16 News.01
29 Financial and
Corporate Data
30 Market Trends
32 Worldwide Operations Map
64 Directors
65 Officers
66 Shareholder Information
67 Glossary
68 Index
IBC Vision and Values
Contents