Forecasting 7 Percent Growth in Global Aluminum Demand in 2013 4Q 2012 Highlights - Income from continuing operations of $242 million, or $0.21 per share; excluding special items, income from continuing operations of $64 million, or $0.06 per share
- Revenue of $5.9 billion, up 1 percent sequentially, down 2 percent from 4Q 2011
- Cash from operations of $933 million, up $670 million from 3Q 2012
- Free cash flow of $535 million
- Strong liquidity with cash on hand of $1.9 billion
- Record low 24 days working capital
- Record results in Global Rolled Products, Engineered Products & Solutions
- Forecasting 7 percent growth in global aluminum demand in 2013
Full-Year 2012 Highlights - Income from continuing operations of $191 million, or $0.18 per share; excluding special items, income from continuing operations of $262 million, or $0.24 per share
- Revenue of $23.7 billion, down 5 percent from 2011, on lower LME pricing
- Cash from operations of $1.5 billion
- Free cash flow of $236 million
- Debt-to-capital ratio 35 percent; Net debt-to-capital ratio 30 percent
- Debt of $8.8 billion; Net debt of $7 billion, lowest level since 2006
- Record results in Global Rolled Products, Engineered Products & Solutions
- 531,000 metric tons of smelting capacity taken offline to improve competitive position
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