Alcoa 2009 Annual Report Download - page 174

11-Year Summary of Financial and Other Data (unaudited)
(dollars in millions, except per-share amounts and ingot prices)
For the year ended December 31, 2009 2008 2007
Operating Results
Sales $ 18,439 $ 26,901 $ 29,280
Cost of goods sold (exclusive of expenses below) 16,902 22,175 22,803
Selling, general administrative, and other expenses 1,009 1,167 1,444
Research and development expenses 169 246 238
Provision for depreciation, depletion, and amortization 1,311 1,234 1,244
Restructuring and other charges 237 939 268
Interest expense 470 407 401
Other income, net 161 59 1,920
(Benefit) provision for income taxes (574) 342 1,623
(Loss) income from discontinued operations (166) (303) (250)
Cumulative effect of accounting changes (1) - - -
Net income attributable to noncontrolling interests 61 221 365
Net (loss) income attributable to Alcoa (1,151) (74) 2,564
(Loss) income from continuing operations attributable to Alcoa (985) 229 2,814
Ingot Prices
Alcoa’s average realized price per metric ton of aluminum $ 1,856 $ 2,714 $ 2,784
LME average cash price per metric ton of aluminum ingot 1,664 2,572 2,638
LME average three-month price per metric ton of aluminum ingot 1,699 2,621 2,661
Operating Data (thousands of metric tons)
Alumina shipments 8,655 8,041 7,834
Aluminum product shipments:
Primary (2) 3,022 2,902 2,260
Fabricated and finished products 2,075 2,579 3,133
Total 5,097 5,481 5,393
Primary aluminum capacity:
Consolidated 4,813 4,531 4,573
Nameplate (3) 5,370 5,229 5,285
Primary aluminum production:
Consolidated 3,564 4,007 3,693
Nameplate (3) 4,130 4,710 4,393
Financial Position
Cash and cash equivalents $ 1,481 $ 762 $ 483
Properties, plants, and equipment, net 19,828 17,455 16,541
Total assets 38,472 37,822 38,803
Total debt 9,819 10,578 7,992
Noncontrolling interests 3,100 2,597 2,460
Total shareholders’ equity 12,420 11,735 16,016
Cash Flows
Cash provided from operations $ 1,365 $ 1,234 $ 3,111
Capital expenditures (4) 1,622 3,438 3,636
Common Share Data
Estimated number of shareholders (5) 301,000 292,000 233,000
Common stock outstanding — end of year (thousands) 974,379 800,317 827,402
Basic earnings per share (6) $ (1.23) $ (0.10) $ 2.95
Diluted earnings per share (6) (1.23) (0.10) 2.94
Dividends declared 0.260 0.680 0.680
Book value (7) 12.70 14.60 19.30
Price range: High 16.51 44.77 48.77
Low 4.97 6.80 28.09
Other Data
Number of employees 59,000 87,000 107,000
(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) 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.
(3) Nameplate is equivalent to the sum of Consolidated capacity, Alcoa’s share of capacity of 50-percent or less owned smelters, and the joint
venture partner’s share of capacity from certain smelters majority-owned by Alcoa.
(4) Capital expenditures include those associated with discontinued operations.
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