Albemarle Corporation (ALB) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1696 0613555
Cash and cash equivalents    613555
Short-term investments 1696 0  
Receivables1,7221,377623593680658
Inventory, net of allowances, customer advances and progress billings2,1612,076813750769701
Inventory2,1612,076813750769701
Contract with customer, asset, after allowance for credit loss  1,000 522  
Other current assets44323513311616385
Other undisclosed current assets 721493439224  
Total current assets:5,2175,1872,0082,2062,2251,998
Noncurrent Assets
Property, plant and equipment10,5457,5595,9105,3554,9093,021
Long-term investments and receivables1,3701,151898656580529
Long-term investments1,3701,151898656580529
Intangible assets, net (including goodwill)1,8921,9051,9072,0151,9331,953
Goodwill1,6301,6181,5981,6661,5791,567
Intangible assets, net (excluding goodwill)262288309349355386
Other noncurrent assets29725125221921380
Other undisclosed noncurrent assets (1,050)(596)    
Total noncurrent assets:13,05410,2708,9668,2457,6365,583
TOTAL ASSETS:18,27115,45710,97410,4519,8617,582
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5452,0401,4849971,199876
Interest and dividends payable45413935
Taxes payable28323261
Accounts payable  1,534648483574523
Accrued liabilities545506763441553257
Debt6357390805210307
Accrued environmental loss contingencies117    
Asset retirement obligation 01    
Due to related parties518    
Other undisclosed current liabilities2,369168    
Total current liabilities:3,5602,7411,8741,8021,4091,183
Noncurrent Liabilities
Long-term debt and lease obligation3,5413,2152,0042,7672,9221,398
Long-term debt, excluding current maturities3,5413,2152,0042,7672,8631,398
Finance lease, liability     59
Liabilities, other than long-term debt1,5041,3101,2901,4131,0981,241
Deferred tax liabilities, net383
Deferred income tax liabilities558481353395 
Liability, pension and other postretirement and postemployment benefits177192273389343332
Other liabilities769637664629755527
Other undisclosed noncurrent liabilities     339 
Total noncurrent liabilities:5,0454,5253,2944,1814,3582,639
Total liabilities:8,6067,2665,1695,9825,7673,823
Equity
Equity, attributable to parent9,4127,9835,6254,2683,9323,585
Preferred stock      
Common stock111111
Additional paid in capital2,9532,9412,9201,4381,3831,369
Accumulated other comprehensive loss(529)(561)(392)(326)(396)(351)
Retained earnings6,9875,6013,0973,1552,9432,566
Equity, attributable to noncontrolling interest253208180200161174
Total equity:9,6658,1915,8064,4694,0943,759
TOTAL LIABILITIES AND EQUITY:18,27115,45710,97410,4519,8617,582

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues9,6177,3203,3283,1293,5893,375
Cost of revenue(8,431)(4,246)(2,330)(2,134)(2,332)(2,158)
Gross profit:1,1863,0759989951,2581,217
Operating expenses(934)(605)(200)(489)(592)(306)
Operating income (loss):2522,470798506666912
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
11186(603)(59)(45)(64)
Interest and debt expense(116)(123)(61)(73)(58)(52)
Income (loss) from continuing operations before equity method investments, income taxes:2472,433134374563795
Income from equity method investments1,8547729612813089
Income from continuing operations before income taxes:2,1013,206229501693884
Income tax expense(430)(391)(29)(54)(88)(145)
Income from continuing operations:1,6712,815200447604739
Income before gain (loss) on sale of properties:200447604739
Net income:1,6712,815200447604739
Net loss attributable to noncontrolling interest(97)(125)(76)(71)(71)(46)
Net income attributable to parent:1,5732,690124376533694
Preferred stock dividends and other adjustments      
Net income available to common stockholders, diluted:1,5732,690124376533694

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1,6712,815200447604739
Other comprehensive income (loss)32(168)(66)70(46)(125)
Comprehensive income:1,7032,647133516559614
Comprehensive loss, net of tax, attributable to noncontrolling interest(97)(125)(76)(71)(71)(45)
Comprehensive income, net of tax, attributable to parent:1,6062,52257445488569

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.

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