Albemarle Corporation (ALB) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3185551,1372,2702142,490477
Cash and cash equivalents3185551,1372,2702142,490477
Receivables724658572528633458447
Inventory, net of allowances, customer advances and progress billings802701593450509358436
Inventory802701593450509358436
Prepaid expense     41 
Disposal group, including discontinued operation  39 156  
Prepaid expense and other current assets125
Other current assets12685136597166 
Other undisclosed current assets    248(65)(2)
Total current assets:1,9701,9982,4783,3071,8313,3491,483
Noncurrent Assets
Property, plant and equipment3,5243,0212,4932,3602,4851,2321,357
Long-term investments and receivables552529534458455194212
Long-term investments552529534458455194212
Intangible assets, net (including goodwill)1,8951,9532,0321,8954,627287372
Goodwill1,5341,5671,6101,5402,894243284
Intangible assets, net (excluding goodwill)3613864223551,7334488
Disposal group, including discontinued operation, noncurrent assets  140   
Deferred costs     24 
Other noncurrent assets2018074142217161 
Prepaid expense and other noncurrent assets160
Other undisclosed noncurrent assets     (24) 
Total noncurrent assets:6,1725,5835,2734,8557,7841,8742,102
TOTAL ASSETS:8,1427,5827,7518,1619,6155,2233,585
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities857876777893811501458
Accounts payable527523419282307232194
Accrued liabilities274257268322402166191
Employee-related liabilities     4942
Taxes payable176155254692032
Interest and dividends payable393535343235 
Debt5653074222486771,07825
Restructuring reserve     4
Accrued environmental loss contingencies    147
Disposal group, including discontinued operation  2 73  
Deferred revenue and credits   1018
Deferred tax liabilities    73
Other undisclosed current liabilities    54(465)(75)
Total current liabilities:1,4211,1831,2011,1401,6171,140436
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,3821,3981,4152,1223,1752,2231,054
Long-term debt, excluding current maturities1,3821,3981,4152,122 2,2231,054
Other undisclosed long-term debt and lease obligation    3,175  
Liabilities, other than long-term debt1,3301,2411,3179571,422460434
Deferred revenue and credits   22
Pension and other postretirement defined benefit plans, liabilities112
Accounts payable and accrued liabilities     18 
Deferred compensation liability, classified     2223
Asset retirement obligations     1517
Deferred tax liabilities, net38337041373657129
Deferred income tax liabilities393
Liability for uncertainty in income taxes     2530
Postemployment benefits liability1
Liability, pension and other postretirement and postemployment benefits318332347349431228
Accrued environmental loss contingencies     59
Disposal group, including discontinued operation, liabilities  1    
Other liabilities61952759919525588111
Other undisclosed noncurrent liabilities     (89)(82)
Total noncurrent liabilities:2,7122,6392,7323,0794,5972,5951,406
Total liabilities:4,1333,8233,9334,2196,2143,7341,842
Stockholders' equity
Stockholders' equity attributable to parent3,8373,5853,6753,7953,2541,3591,627
Common stock1111111
Additional paid in capital1,3791,3691,8642,0842,0591010
Accumulated other comprehensive income (loss)(436)(351)(226)(412)(421)(62)116
Retained earnings2,8922,5662,0352,1221,6151,4111,500
Stockholders' equity attributable to noncontrolling interest172174143148147129115
Total stockholders' equity:4,0083,7593,8183,9433,4011,4891,743
TOTAL LIABILITIES AND EQUITY:8,1427,5827,7518,1619,6155,2233,585

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,5193,3753,0722,6773,6512,4462,616
Revenue, net3,0722,6773,6512,4462,616
Cost of revenue(2,279)(2,158)(1,962)(1,707)(2,454)(1,675)(1,755)
Cost of goods and services sold  (1,962)(1,707)(2,454)(1,675)(1,755)
Gross profit:1,2401,2171,1109711,197771861
Operating expenses(538)(306)(522)(396)(608)(573)(386)
Other undisclosed operating income (loss)    (146)73107
Operating income:702912588575442271583
Nonoperating income (expense)(40)(64)(26)648(20)(18)
Foreign currency transaction loss, before tax     (4)(11)
Other nonoperating income (expense)(40)(64)(26)648(17)(7)
Interest and debt expense(48)(52)(115)(65)(133)(41)(32)
Other undisclosed income from continuing operations before equity method investments, income taxes     411
Income from continuing operations before equity method investments, income taxes:614795447515358213544
Income from equity method investments134898460313632
Other undisclosed income (loss) from continuing operations before income taxes     290(41)
Income from continuing operations before income taxes:749884531575389539535
Income tax expense(104)(145)(432)(96)(29)(18)(136)
Other undisclosed loss from continuing operations     (290) 
Income from continuing operations:64473999479360230399
Income (loss) from discontinued operations   202 (70) 
Income before gain (loss) on sale of properties:64473999681360161399
Other undisclosed net income      41
Net income:64473999681360161440
Net loss attributable to noncontrolling interest(72)(46)(45)(37)(25)(28)(27)
Net income available to common stockholders, diluted:57269455644335133413

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:64473999681360161440
Other comprehensive income (loss)(122)(125)1888(361)(179)31
Comprehensive income (loss):522614287689(1)(18)471
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(71)(45)(46)(36)(23)(28)27
Other undisclosed comprehensive loss, net of tax, attributable to parent      (54)
Comprehensive income (loss), net of tax, attributable to parent:451569242653(24)(45)444

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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