Albemarle Corporation (ALB) financial statements (2021 and earlier)

Company profile

Business Address 4250 CONGRESS STREET
CHARLOTTE, NC 28209
State of Incorp. VA
Fiscal Year End December 31
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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments613318398465555641908
Cash and cash equivalents613318398465555641908
Receivables680724730661658593615
Inventory, net of allowances, customer advances and progress billings769802814756701727666
Inventory769802814756701727666
Other current assets16312694105859894
Total current assets:2,2251,9702,0371,9871,9982,0602,283
Noncurrent Assets
Property, plant and equipment4,9093,5243,3913,1703,0212,8252,670
Long-term investments and receivables580552541563529535520
Long-term investments580552541563529535520
Intangible assets, net (including goodwill)1,9331,8951,9401,9401,9531,9891,991
Goodwill1,5791,5341,5661,5611,5671,5911,586
Intangible assets, net (excluding goodwill)355361373379386398406
Other noncurrent assets213201187211807875
Total noncurrent assets:7,6366,1726,0585,8845,5835,4285,255
TOTAL ASSETS:9,8618,1428,0947,8717,5827,4877,538
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,199857890831876841833
Accounts payable574527559482523474460
Accrued liabilities553274269264257258273
Taxes payable32172446617364
Interest and dividends payable39393939353536
Debt210565491426307286209
Accrued environmental loss contingencies  1010   
Other undisclosed current liabilities  1011   
Total current liabilities:1,4091,4211,4001,2781,1831,1271,042
Noncurrent Liabilities
Long-term debt and lease obligation2,9221,3821,3981,3941,3981,4121,407
Long-term debt, excluding current maturities2,8631,3821,3981,3941,3981,4121,407
Finance lease, liability59   
Liabilities, other than long-term debt1,0981,3301,3221,3351,2411,2621,253
Deferred tax liabilities, net387391383378366
Deferred income tax liabilities 393  
Liability, pension and other postretirement and postemployment benefits343318325328332330333
Other liabilities755619609616527553553
Other undisclosed noncurrent liabilities339      
Total noncurrent liabilities:4,3582,7122,7202,7292,6392,6742,659
Total liabilities:5,7674,1334,1204,0073,8233,8013,701
Stockholders' equity
Stockholders' equity attributable to parent3,9323,8373,8013,6723,5853,5293,694
Common stock1111111
Additional paid in capital1,3831,3791,3731,3681,3691,3631,610
Accumulated other comprehensive loss(396)(436)(349)(358)(351)(314)(302)
Retained earnings2,9432,8922,7762,6612,5662,4792,385
Stockholders' equity attributable to noncontrolling interest161172174192174157144
Total stockholders' equity:4,0944,0083,9743,8643,7593,6863,837
TOTAL LIABILITIES AND EQUITY:9,8618,1428,0947,8717,5827,4877,538

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues993880885832922778854
Revenue, net854
Cost of revenue(654)(570)(559)(549)(601)(497)(543)
Cost of goods and services sold      (543)
Gross profit:339310326283320281311
Operating expenses(199)(124)(140)(128)(146)(117)79
Operating income:139186186155175164390
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(38)(11)(7)11(33)4(5)
Interest and debt expense(22)(11)(12)(13)(13)(13)(13)
Income from continuing operations before equity method investments, income taxes:78164167154130155372
Income from equity method investments23333835282219
Income from continuing operations before income taxes:101197205189157177391
Income tax expense (benefit)5(25)(30)(38)(11)(33)(80)
Net income:106172175152146143311
Net loss attributable to noncontrolling interest(16)(17)(21)(18)(16)(14)(8)
Net income available to common stockholders, diluted:90155154134130130302

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:106172175152146143311
Other comprehensive income (loss)40(87)8(7)(37)(13)(127)
Comprehensive income:14685183145109131183
Comprehensive loss, net of tax, attributable to noncontrolling interest(16)(16)(21)(18)(16)(14)(8)
Comprehensive income, net of tax, attributable to parent:1316916212793117176

Statements sources

The financial statements are based on the company's filings with the 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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