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)

9/30/2023
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 investments6 06135551,137
Cash and cash equivalents   6135551,137
Short-term investments 6 0   
Receivables1,377623593680658572
Inventory, net of allowances, customer advances and progress billings2,076813750769701593
Inventory2,076813750769701593
Contract with customer, asset, after allowance for credit loss 1,000 522  
Disposal group, including discontinued operation      39
Other current assets23513311616385136
Other undisclosed current assets 493439224   
Total current assets:5,1872,0082,2062,2251,9982,478
Noncurrent Assets
Property, plant and equipment7,5595,9105,3554,9093,0212,493
Long-term investments and receivables1,151898656580529534
Long-term investments1,151898656580529534
Intangible assets, net (including goodwill)1,9051,9072,0151,9331,9532,032
Goodwill1,6181,5981,6661,5791,5671,610
Intangible assets, net (excluding goodwill)288309349355386422
Disposal group, including discontinued operation, noncurrent assets      140
Other noncurrent assets2512522192138074
Other undisclosed noncurrent assets (596)     
Total noncurrent assets:10,2708,9668,2457,6365,5835,273
TOTAL ASSETS:15,45710,97410,4519,8617,5827,751
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0401,4849971,199876777
Interest and dividends payable4541393535
Taxes payable2832326155
Accounts payable 1,534648483574523419
Accrued liabilities506763441553257268
Debt7390805210307422
Accrued environmental loss contingencies7     
Asset retirement obligation 1     
Disposal group, including discontinued operation      2
Due to related parties518     
Other undisclosed current liabilities168     
Total current liabilities:2,7411,8741,8021,4091,1831,201
Noncurrent Liabilities
Long-term debt and lease obligation3,2152,0042,7672,9221,3981,415
Long-term debt, excluding current maturities3,2152,0042,7672,8631,3981,415
Finance lease, liability    59
Liabilities, other than long-term debt1,3101,2901,4131,0981,2411,317
Deferred tax liabilities, net383370
Deferred income tax liabilities481353395 
Liability, pension and other postretirement and postemployment benefits192273389343332347
Disposal group, including discontinued operation, liabilities      1
Other liabilities637664629755527599
Other undisclosed noncurrent liabilities    339  
Total noncurrent liabilities:4,5253,2944,1814,3582,6392,732
Total liabilities:7,2665,1695,9825,7673,8233,933
Equity
Equity, attributable to parent7,9835,6254,2683,9323,5853,675
Common stock111111
Additional paid in capital2,9412,9201,4381,3831,3691,864
Accumulated other comprehensive loss(561)(392)(326)(396)(351)(226)
Retained earnings5,6013,0973,1552,9432,5662,035
Equity, attributable to noncontrolling interest208180200161174143
Total equity:8,1915,8064,4694,0943,7593,818
TOTAL LIABILITIES AND EQUITY:15,45710,97410,4519,8617,5827,751

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues7,3203,3283,1293,5893,3753,072
Revenue, net3,072
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:3,0759989951,2581,2171,110
Operating expenses(605)(200)(489)(592)(306)(522)
Operating income:2,470798506666912588
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:2,433134374563795447
Income from equity method investments772961281308984
Income from continuing operations before income taxes:3,206229501693884531
Income tax expense(391)(29)(54)(88)(145)(432)
Income from continuing operations:2,81520044760473999
Income before gain (loss) on sale of properties:20044760473999
Net income:2,81520044760473999
Net loss attributable to noncontrolling interest(125)(76)(71)(71)(46)(45)
Net income available to common stockholders, diluted:2,69012437653369455

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2,81520044760473999
Other comprehensive income (loss)(168)(66)70(46)(125)188
Comprehensive income:2,647133516559614287
Comprehensive loss, net of tax, attributable to noncontrolling interest(125)(76)(71)(71)(45)(46)
Comprehensive income, net of tax, attributable to parent:2,52257445488569242

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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