Alcoa 2004 Annual Report Download - page 66

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64
11-Year Summary of Financial and Other Data
(dollars in millions, except per-share amounts and ingot prices)
The financial information for all periods has been reclassified to reflect assets held for sale and discontinued operations.
For the year ended December 31 2004 2003 2002
Operating Results Sales $23,478 $21,092 $19,934
Cost of goods sold 18,623 16,754 15,928
Selling, general administrative, and other expenses 1,284 1,250 1,108
Research and development expenses 182 190 209
Depreciation, depletion, and amortization 1,204 1,175 1,096
Restructuring and other charges—(income) expense (21) (27) 414
Interest expense 270 314 350
Other income, net 268 274 178
Taxes on income 557 417 317
Less: Minority interests’ share 245 238 172
Income from continuing operations 1,402 1,055 518
(Loss) income from discontinued operations (92) (70) (132)
Cumulative effect of accounting change* —(47) 34
Net income 1,310 938 420
Alcoa’s average realized price per pound for aluminum ingot .85 .70 .66
LME
average 3-month price per pound for aluminum ingot .78 .65 .62
Dividends Declared Preferred stock 222
Common stock 522 514 507
Financial Position Properties, plants, and equipment, net 12,592 12,500 12,039
Total assets 32,609 31,711 29,810
To t a l d e b t 6,300 7,266 8,483
Minority interests 1,416 1,340 1,293
Shareholders’ equity 13,300 12,075 9,927
Common Share Data
(dollars per share)
Basic earnings per share†1.50 1.09 .49
Diluted earnings per share†1.49 1.08 .49
Dividends declared .600 .600 .600
Book value (based on year-end outstanding shares) 15.21 13.84 11.69
Price range: High 39.44 38.92 39.75
Low 28.51 18.45 17.62
Shareholders (number) 295,000 278,400 273,000
Average shares outstanding (thousands) 869,907 853,352 845,439
Operating Data
(thousands of metric tons)
Alumina shipments 7,374 7,671 7,486
Aluminum product shipments:
Primary 1,853 1,834 1,912
Fabricated and finished products 3,240 3,213 3,324
To t a l 5,093 5,047 5,236
Primary aluminum capacity:
Consolidated 4,004 4,020 3,948
Total, including affiliates’ and others’ share of joint ventures 4,955 4,969 4,851
Primary aluminum production:
Consolidated 3,376 3,508 3,500
Total, including affiliates’ and others’ share of joint ventures 4,233 4,360 4,318
Other Statistics Capital expenditures $1,143 $870 $1,273
Number of employees 119,000 120,000 127,000
* Reflects the cumulative effect of the accounting change for asset retirement obligations in 2003, goodwill in 2002,
and revenue recognition in 2000
†Represents earnings per share on net income