Alcoa 2015 Annual Report Download - page 217

Reconciliation of Alumina Adjusted EBITDA
Year ended December 31, 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
After-tax operating income (ATOI) $ 746 $ 370 $ 259 $ 90 $ 607 $ 301 $ 112 $ 727 $ 956 $ 1,050 $ 682
Add:
Depreciation, depletion, and amortization 296 387 426 455 444 406 292 268 267 192 172
Equity loss (income) 41 29 4 (5) (25) (10) (8) (7) (1) 2 –
Income taxes 300 153 66 (27) 179 60 (22) 277 340 428 246
Other 1 (28) (6) (8) (44) (5) (92) (26) 2 (6) (8)
Adjusted EBITDA $ 1,384 $ 911 $ 749 $ 505 $ 1,161 $ 752 $ 282 $ 1,239 $ 1,564 $ 1,666 $ 1,092
Production (thousand metric tons) (kmt) 15,720 16,606 16,618 16,342 16,486 15,922 14,265 15,256 15,084 15,128 14,598
Adjusted EBITDA/Production ($ per
metric ton) $ 88 $ 55 $ 45 $ 31 $ 70 $ 47 $ 20 $ 81 $ 104 $ 110 $ 75
Reconciliation of Primary Metals Adjusted EBITDA
Year ended December 31, 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
ATOI $ 155 $ 594 $ (20) $ 309 $ 481 $ 488 $ (612) $ 931 $ 1,445 $ 1,760 $ 822
Add:
Depreciation, depletion, and amortization 429 494 526 532 556 571 560 503 410 395 368
Equity loss (income) 12 34 51 27 7 (1) 26 (2) (57) (82) 12
Income taxes (28) 203 (74) 106 92 96 (365) 172 542 726 307
Other (2) (6) (8) (422) 2 (7) (176) (32) (27) (13) (96)
Adjusted EBITDA $ 566 $ 1,319 $ 475 $ 552 $ 1,138 $ 1,147 $ (567) $ 1,572 $ 2,313 $ 2,786 $ 1,413
Production (thousand metric tons) (kmt) 2,811 3,125 3,550 3,742 3,775 3,586 3,564 4,007 3,693 3,552 3,554
Adjusted EBITDA/Production ($ per
metric ton) $ 201 $ 422 $ 134 $ 148 $ 301 $ 320 $ (159) $ 392 $ 626 $ 784 $ 398
Reconciliation of Global Rolled Products Adjusted EBITDA(1)
Year ended December 31, 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
ATOI $ 244 $ 245 $ 292 $ 358 $ 266 $ 220 $ (49) $ (3) $ 178 $ 233 $ 278
Add:
Depreciation, depletion, and amortization 227 235 226 229 237 238 227 216 227 223 220
Equity loss 32 27 1363––––2–
Income taxes 109 89 123 167 104 92 48 35 92 58 121
Other (1) (1) – (2) 1 1 (2) 6 1 20 1
Adjusted EBITDA $ 611 $ 595 $ 654 $ 758 $ 611 $ 551 $ 224 $ 254 $ 498 $ 536 $ 620
Total shipments (thousand metric tons) (kmt) 1,836 2,056 1,989 1,943 1,866 1,755 1,888 2,361 2,482 2,376 2,250
Adjusted EBITDA/Total shipments ($ per
metric ton) $ 333 $ 289 $ 329 $ 390 $ 327 $ 314 $ 119 $ 108 $ 201 $ 226 $ 276
Reconciliation of Engineered Products and Solutions(2) Adjusted EBITDA(1)
Year ended December 31, 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
ATOI $ 595 $ 579 $ 569 $ 484 $ 436 $ 355 $ 321 $ 465 $ 351 $ 237 $ 183
Add:
Depreciation, depletion, and amortization 233 137 124 122 120 114 118 118 114 111 114
Income taxes 282 298 286 248 224 182 159 225 186 128 86
Other ––––––2222(12)
Adjusted EBITDA $ 1,110 $ 1,014 $ 979 $ 854 $ 780 $ 651 $ 600 $ 810 $ 653 $ 478 $ 371
Third-party sales $ 5,342 $ 4,217 $ 4,054 $ 3,863 $ 3,716 $ 3,225 $ 3,355 $ 4,215 $ 3,821 $ 3,406 $ 2,966
Adjusted EBITDA Margin 20.8% 24.0% 24.1% 22.1% 21.0% 20.2% 17.9% 19.2% 17.1% 14.0% 12.5%
Reconciliation of Transportation and Construction Solutions(2) Adjusted EBITDA(1)
Year ended December 31, 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
ATOI $ 166 $ 180 $ 167 $ 126 $ 109 $ 73 $ 5 $ 82 $ 94 $ 129 $ 94
Add:
Depreciation, depletion, and amortization 43 42 42 42 45 48 65 53 55 45 50
Equity (income) loss ––––(1)(2)(2)––6–
Income taxes 63 69 67 49 38 18 (21) – 7 27 30
Other (1) – (2) (9) (1) – – – (10) (4) 1
Adjusted EBITDA $ 271 $ 291 $ 274 $ 208 $ 190 $ 137 $ 47 $ 135 $ 146 $ 203 $ 175
Third-party sales $ 1,882 $ 2,021 $ 1,951 $ 1,914 $ 1,936 $ 1,656 $ 1,537 $ 2,270 $ 2,249 $ 2,204 $ 1,954
Adjusted EBITDA Margin 14.4% 14.4% 14.0% 10.9% 9.8% 8.3% 3.1% 5.9% 6.5% 9.2% 9.0%