Alcoa 2013 Annual Report Download - page 200

11-Year Summary of Financial and Other Data (unaudited)
(dollars in millions, except ingot prices and per-share amounts)
For the year ended December 31, 2013 2012 2011
Operating Results
Sales $ 23,032 $ 23,700 $ 24,951
Cost of goods sold (exclusive of expenses below)(1) 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 1,731 - -
Restructuring and other charges(1) 782 172 281
Interest expense 453 490 524
Other income (expenses), net 25 341 87
Provision (benefit) for income taxes 428 162 255
(Loss) income from discontinued operations - - (3)
Cumulative effect of accounting changes(2) ---
Net income (loss) attributable to noncontrolling interests 41 (29) 194
Net (loss) income attributable to Alcoa (2,285) 191 611
(Loss) income from continuing operations attributable to Alcoa (2,285) 191 614
Ingot Prices
Alcoa’s average realized price per metric ton of aluminum $ 2,243 $ 2,327 $ 2,636
LME average cash price per metric ton of aluminum 1,846 2,019 2,398
LME average three-month price per metric ton of aluminum 1,888 2,050 2,422
Operating Data (thousands of metric tons)
Alumina shipments 9,966 9,295 9,218
Aluminum product shipments:
Primary(3) 2,782 3,030 2,953
Fabricated and finished products 2,212 2,167 2,084
Total 4,994 5,197 5,037
Primary aluminum capacity:
Consolidated 4,037 4,227 4,518
Nameplate(4) 4,780 4,784 5,075
Primary aluminum production:
Consolidated 3,550 3,742 3,775
Nameplate(4) 4,095 4,259 4,304
Financial Position
Cash and cash equivalents $ 1,437 $ 1,861 $ 1,939
Properties, plants, and equipment, net 17,639 18,947 19,282
Total assets 35,742 40,179 40,120
Total debt 8,319 8,829 9,371
Noncontrolling interests 2,929 3,324 3,351
Total shareholders’ equity 10,593 13,199 13,844
Cash Flows
Cash provided from operations $ 1,578 $ 1,497 $ 2,193
Capital expenditures(5) 1,193 1,261 1,287
Common Share Data
Common stock outstanding — end of year (thousands)(6) 1,071,011 1,067,212 1,064,412
Basic earnings per share(7) $ (2.14) $ 0.18 $ 0.57
Diluted earnings per share(7) (2.14) 0.18 0.55
Dividends declared per share 0.12 0.12 0.12
Book value per share(8) 9.84 12.32 12.96
Price range: High 10.77 10.92 18.47
Low 7.63 7.97 8.45
Other Data
Number of employees 60,000 61,000 61,000
(1) A charge for the civil portion of a legal matter was reclassified in the 2012 period to conform to the presentation of related
charges in the 2013 period (see Notes D and N to the Consolidated Financial Statements in Part II Item 8 of Alcoa’s 2013
Form 10-K).
(2) Reflects the cumulative effect of the accounting change for conditional asset retirement obligations in 2005 and asset retirement
obligations in 2003.
(3) 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.
(4) Nameplate capacity or production is equivalent to the sum of Consolidated capacity or production, the joint venture partner’s
share of capacity or production from certain smelters majority-owned by Alcoa, and Alcoa’s share of capacity or production of
50-percent or less owned smelters.