Albemarle Corporation (ALB) Financial Statements (2023 and earlier)
Company Profile
Business Address |
4250 CONGRESS STREET CHARLOTTE, NC 28209 |
State of Incorp. | VA |
Fiscal Year End | December 31 |
Industry (SIC) | 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 6 | 0 | 613 | 555 | 1,137 | ||||
Cash and cash equivalents | 613 | 555 | 1,137 | ||||||
Short-term investments | 6 | 0 | |||||||
Receivables | 1,377 | 623 | 593 | 680 | 658 | 572 | |||
Inventory, net of allowances, customer advances and progress billings | 2,076 | 813 | 750 | 769 | 701 | 593 | |||
Inventory | 2,076 | 813 | 750 | 769 | 701 | 593 | |||
Contract with customer, asset, after allowance for credit loss | 1,000 | 522 | ✕ | ||||||
Disposal group, including discontinued operation | 39 | ||||||||
Other current assets | 235 | 133 | 116 | 163 | 85 | 136 | |||
Other undisclosed current assets | 493 | 439 | 224 | ||||||
Total current assets: | 5,187 | 2,008 | 2,206 | 2,225 | 1,998 | 2,478 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 7,559 | 5,910 | 5,355 | 4,909 | 3,021 | 2,493 | |||
Long-term investments and receivables | 1,151 | 898 | 656 | 580 | 529 | 534 | |||
Long-term investments | 1,151 | 898 | 656 | 580 | 529 | 534 | |||
Intangible assets, net (including goodwill) | 1,905 | 1,907 | 2,015 | 1,933 | 1,953 | 2,032 | |||
Goodwill | 1,618 | 1,598 | 1,666 | 1,579 | 1,567 | 1,610 | |||
Intangible assets, net (excluding goodwill) | 288 | 309 | 349 | 355 | 386 | 422 | |||
Disposal group, including discontinued operation, noncurrent assets | 140 | ||||||||
Other noncurrent assets | 251 | 252 | 219 | 213 | 80 | 74 | |||
Other undisclosed noncurrent assets | (596) | ||||||||
Total noncurrent assets: | 10,270 | 8,966 | 8,245 | 7,636 | 5,583 | 5,273 | |||
TOTAL ASSETS: | 15,457 | 10,974 | 10,451 | 9,861 | 7,582 | 7,751 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 2,040 | 1,484 | 997 | 1,199 | 876 | 777 | |||
Interest and dividends payable | ✕ | ✕ | 45 | 41 | 39 | 35 | 35 | ||
Taxes payable | ✕ | ✕ | 28 | 32 | 32 | 61 | 55 | ||
Accounts payable | 1,534 | 648 | 483 | 574 | 523 | 419 | |||
Accrued liabilities | 506 | 763 | 441 | 553 | 257 | 268 | |||
Debt | 7 | 390 | 805 | 210 | 307 | 422 | |||
Accrued environmental loss contingencies | 7 | ||||||||
Asset retirement obligation | 1 | ||||||||
Disposal group, including discontinued operation | 2 | ||||||||
Due to related parties | 518 | ||||||||
Other undisclosed current liabilities | 168 | ||||||||
Total current liabilities: | 2,741 | 1,874 | 1,802 | 1,409 | 1,183 | 1,201 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 3,215 | 2,004 | 2,767 | 2,922 | 1,398 | 1,415 | |||
Long-term debt, excluding current maturities | 3,215 | 2,004 | 2,767 | 2,863 | 1,398 | 1,415 | |||
Finance lease, liability | 59 | ✕ | ✕ | ||||||
Liabilities, other than long-term debt | 1,310 | 1,290 | 1,413 | 1,098 | 1,241 | 1,317 | |||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 383 | 370 | ||
Deferred income tax liabilities | 481 | 353 | 395 | ✕ | ✕ | ||||
Liability, pension and other postretirement and postemployment benefits | 192 | 273 | 389 | 343 | 332 | 347 | |||
Disposal group, including discontinued operation, liabilities | 1 | ||||||||
Other liabilities | 637 | 664 | 629 | 755 | 527 | 599 | |||
Other undisclosed noncurrent liabilities | 339 | ||||||||
Total noncurrent liabilities: | 4,525 | 3,294 | 4,181 | 4,358 | 2,639 | 2,732 | |||
Total liabilities: | 7,266 | 5,169 | 5,982 | 5,767 | 3,823 | 3,933 | |||
Equity | |||||||||
Equity, attributable to parent | 7,983 | 5,625 | 4,268 | 3,932 | 3,585 | 3,675 | |||
Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
Additional paid in capital | 2,941 | 2,920 | 1,438 | 1,383 | 1,369 | 1,864 | |||
Accumulated other comprehensive loss | (561) | (392) | (326) | (396) | (351) | (226) | |||
Retained earnings | 5,601 | 3,097 | 3,155 | 2,943 | 2,566 | 2,035 | |||
Equity, attributable to noncontrolling interest | 208 | 180 | 200 | 161 | 174 | 143 | |||
Total equity: | 8,191 | 5,806 | 4,469 | 4,094 | 3,759 | 3,818 | |||
TOTAL LIABILITIES AND EQUITY: | 15,457 | 10,974 | 10,451 | 9,861 | 7,582 | 7,751 |
Income Statement (P&L) ($ in millions)
6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 7,320 | 3,328 | 3,129 | 3,589 | 3,375 | 3,072 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,072 | |
Cost of revenue | (4,246) | (2,330) | (2,134) | (2,332) | (2,158) | (1,962) | ||
Cost of goods and services sold | (1,962) | |||||||
Gross profit: | 3,075 | 998 | 995 | 1,258 | 1,217 | 1,110 | ||
Operating expenses | (605) | (200) | (489) | (592) | (306) | (522) | ||
Operating income: | 2,470 | 798 | 506 | 666 | 912 | 588 | ||
Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 86 | (603) | (59) | (45) | (64) | (26) | ||
Interest and debt expense | (123) | (61) | (73) | (58) | (52) | (115) | ||
Income from continuing operations before equity method investments, income taxes: | 2,433 | 134 | 374 | 563 | 795 | 447 | ||
Income from equity method investments | 772 | 96 | 128 | 130 | 89 | 84 | ||
Income from continuing operations before income taxes: | 3,206 | 229 | 501 | 693 | 884 | 531 | ||
Income tax expense | (391) | (29) | (54) | (88) | (145) | (432) | ||
Income from continuing operations: | 2,815 | 200 | 447 | 604 | 739 | 99 | ||
Income before gain (loss) on sale of properties: | ✕ | 200 | 447 | 604 | 739 | 99 | ||
Net income: | 2,815 | 200 | 447 | 604 | 739 | 99 | ||
Net loss attributable to noncontrolling interest | (125) | (76) | (71) | (71) | (46) | (45) | ||
Net income available to common stockholders, diluted: | 2,690 | 124 | 376 | 533 | 694 | 55 |
Comprehensive Income ($ in millions)
6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 2,815 | 200 | 447 | 604 | 739 | 99 | ||
Other comprehensive income (loss) | (168) | (66) | 70 | (46) | (125) | 188 | ||
Comprehensive income: | 2,647 | 133 | 516 | 559 | 614 | 287 | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (125) | (76) | (71) | (71) | (45) | (46) | ||
Comprehensive income, net of tax, attributable to parent: | 2,522 | 57 | 445 | 488 | 569 | 242 |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.