Alcoa 2006 Annual Report Download - page 78

11-Year Summary of Financial and Other Data (unaudited)
(dollars in millions, except per-share amounts and ingot prices)
The financial information for all periods presented has been reclassified to reflect assets held for sale and discontinued oper-
ations.
For the year ended December 31, 2006 2005 2004
Operating Results Sales $ 30,379 $ 25,568 $ 22,609
Cost of goods sold (exclusive of expenses below) 23,318 20,704 17,928
Selling, general administrative, and other expenses 1,402 1,295 1,194
Research and development expenses 213 192 178
Provision for depreciation, depletion, and amortization 1,280 1,256 1,177
Restructuring and other charges 543 292 (22)
Interest expense 384 339 271
Other income, net 193 480 270
Provision for taxes on income 835 454 539
Minority interests’ share 436 259 245
Income from continuing operations 2,161 1,257 1,369
Income (loss) from discontinued operations 87 (22) (59)
Cumulative effect of accounting changes (1) —(2) —
Net income 2,248 1,233 1,310
Ingot Prices Alcoa’s average realized price per metric ton of aluminum
ingot 2,665 2,044 1,867
LME average 3-month price per metric ton of aluminum
ingot 2,594 1,900 1,721
Dividends Declared Preferred stock 222
Common stock 522 522 522
Financial Position Properties, plants, and equipment, net 14,813 12,571 11,641
Total assets 37,183 33,696 32,609
Total debt 7,235 6,542 6,290
Minority interests 1,800 1,365 1,416
Shareholders’ equity 14,631 13,373 13,300
Common Share Data Basic earnings per share (2) 2.59 1.41 1.50
(dollars per share) Diluted earnings per share (2) 2.57 1.40 1.49
Dividends declared .600 .600 .600
Book value (based on year-end outstanding shares) 16.80 15.30 15.21
Price range: High 36.96 32.29 39.44
Low 26.39 22.28 28.51
Estimated number of shareholders 248,000 271,000 295,000
Average shares outstanding — basic (thousands) 868,820 871,721 869,907
Operating Data Alumina shipments (3) 8,420 7,857 8,062
(thousands of metric tons) Aluminum product shipments:
Primary (4) 2,057 2,124 1,853
Fabricated and finished products 3,488 3,335 3,208
Total 5,545 5,459 5,061
Primary aluminum capacity:
Consolidated 4,209 4,004 4,004
Total, including affiliates’ and others’ share of joint
ventures 4,920 4,940 4,955
Primary aluminum production:
Consolidated 3,552 3,554 3,376
Total, including affiliates’ and others’ share of joint
ventures 4,280 4,406 4,233
Other Statistics Capital expenditures (5) $ 3,205 $ 2,138 $ 1,143
Number of employees 123,000 129,000 119,000
(1) Reflects the cumulative effect of the accounting change for conditional asset retirement obligations in
2005, asset retirement obligations in 2003, goodwill in 2002, and revenue recognition in 2000.
(2) Represents earnings per share on net income.
(3) Alumina shipments for 2003 through 2005 have been restated to reflect total alumina shipments rather
than only smelter-grade alumina shipments. Restatement of information prior to 2003 is impractical.
(4) Primary aluminum product shipments are not synonymous with aluminum shipments of the Primary
Metals segment as a portion of this segment’s aluminum shipments relate to fabricated products.
(5) Capital expenditures include expenditures associated with discontinued operations.
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