Alcoa 2013 Annual Report Download - page 101

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Alcoa and subsidiaries
Statement of Consolidated Operations
(in millions, except per-share amounts)
For the year ended December 31, 2013 2012 2011
Sales (Q) $23,032 $23,700 $24,951
Cost of goods sold (exclusive of expenses below) 19,286 20,401 20,480
Selling, general administrative, and other expenses 1,008 997 1,027
Research and development expenses 192 197 184
Provision for depreciation, depletion, and amortization 1,421 1,460 1,479
Impairment of goodwill (A & E) 1,731 - -
Restructuring and other charges (D) 782 172 281
Interest expense (V) 453 490 524
Other income, net (O) (25) (341) (87)
Total costs and expenses 24,848 23,376 23,888
(Loss) income from continuing operations before income taxes (1,816) 324 1,063
Provision for income taxes (T) 428 162 255
(Loss) income from continuing operations (2,244) 162 808
Loss from discontinued operations - - (3)
Net (loss) income (2,244) 162 805
Less: Net income (loss) attributable to noncontrolling interests 41 (29) 194
Net (Loss) Income Attributable to Alcoa $ (2,285) $ 191 $ 611
Amounts Attributable to Alcoa Common Shareholders:
(Loss) income from continuing operations $ (2,285) $ 191 $ 614
Loss from discontinued operations - - (3)
Net (loss) income $ (2,285) $ 191 $ 611
Earnings per Share Attributable to Alcoa Common Shareholders (S):
Basic:
(Loss) income from continuing operations $ (2.14) $ 0.18 $ 0.58
Loss from discontinued operations - - (0.01)
Net (loss) income $ (2.14) $ 0.18 $ 0.57
Diluted:
(Loss) income from continuing operations $ (2.14) $ 0.18 $ 0.55
Loss from discontinued operations - - -
Net (loss) income $ (2.14) $ 0.18 $ 0.55
The accompanying notes are an integral part of the consolidated financial statements.
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