filings.toolsItem 6. Selected Financial Data.
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Item 6. Selected Financial Data.
(dollars in millions, except per-share amounts)
| For the year ended December 31, | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||||
| Sales | $ | 14,192 | $ | 14,014 | $ | 12,960 | $ | 12,394 | $ | 12,413 | |||||||||
| Amounts attributable to Arconic: | |||||||||||||||||||
| Income (loss) from continuing operations | $ | 470 | $ | 642 | $ | (74 | ) | $ | (1,062 | ) | $ | (157 | ) | ||||||
| Income (loss) from discontinued operations | — | — | — | 121 | (165 | ) | |||||||||||||
| Net income (loss) | $ | 470 | $ | 642 | $ | (74 | ) | $ | (941 | ) | $ | (322 | ) | ||||||
| Earnings (loss) per share attributable to Arconic common shareholders: | |||||||||||||||||||
| Basic: | |||||||||||||||||||
| Income (loss) from continuing operations | $ | 1.05 | $ | 1.33 | $ | (0.28 | ) | $ | (2.58 | ) | $ | (0.54 | ) | ||||||
| Income (loss) from discontinued operations | — | — | — | 0.27 | (0.39 | ) | |||||||||||||
| Net income (loss) | $ | 1.05 | $ | 1.33 | $ | (0.28 | ) | $ | (2.31 | ) | $ | (0.93 | ) | ||||||
| Diluted: | |||||||||||||||||||
| Income (loss) from continuing operations | $ | 1.03 | $ | 1.30 | $ | (0.28 | ) | $ | (2.58 | ) | $ | (0.54 | ) | ||||||
| Income (loss) from discontinued operations | — | — | — | 0.27 | (0.39 | ) | |||||||||||||
| Net income (loss) | $ | 1.03 | $ | 1.30 | $ | (0.28 | ) | $ | (2.31 | ) | $ | (0.93 | ) | ||||||
| Cash dividends declared per common share | $ | 0.12 | $ | 0.24 | $ | 0.24 | $ | 0.36 | $ | 0.36 | |||||||||
| Total assets | 17,578 | 18,693 | 18,718 | 20,038 | 36,477 | ||||||||||||||
| Total debt | 5,940 | 6,330 | 6,844 | 8,084 | 8,827 | ||||||||||||||
| Cash provided from (used for) operations | 406 | 217 | (39 | ) | 95 | 764 | |||||||||||||
| Capital expenditures: | |||||||||||||||||||
| Capital expenditures—continuing operations | 586 | 768 | 596 | 827 | 789 | ||||||||||||||
| Capital expenditures—discontinued operations | — | — | — | 298 | 391 | ||||||||||||||
| Total capital expenditures | $ | 586 | $ | 768 | $ | 596 | $ | 1,125 | $ | 1,180 |
Effective November 1, 2016, Alcoa Inc. separated into two standalone, publicly-traded companies, Arconic Inc. (the new name for Alcoa Inc.) and Alcoa Corporation (the “Separation of Alcoa”). The results of operations of Alcoa Corporation for all periods prior to the Separation of Alcoa were retrospectively reflected in the table above as discontinued operations and, as such, were excluded from continuing operations for all prior periods presented prior to the Separation of Alcoa. The cash flow information presented in the table above included the cash flows related to Alcoa Corporation for the first ten months of 2016 and full year 2015.
The data presented in the Selected Financial Data table should be read in conjunction with the information provided in Management’s Discussion and Analysis of Financial Condition and Results of Operations in Part II, Item 7. and the Consolidated Financial Statements and Notes in Part II, Item 8. (Financial Statements and Supplementary Data) of this Form 10-K.
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