Albemarle Corporation (ALB) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 0 5551,137
Cash and cash equivalents   5551,137
Short-term investments 0   
Receivables 593 658572
Inventory, net of allowances, customer advances and progress billings 750 701593
Inventory 750 701593
Contract with customer, asset 522  
Disposal group, including discontinued operation    39
Other current assets 116 85136
Other undisclosed current assets 224   
Total current assets: 2,206 1,9982,478
Noncurrent Assets
Property, plant and equipment 5,355 3,0212,493
Long-term investments and receivables 656 529534
Long-term investments 656 529534
Intangible assets, net (including goodwill) 2,015 1,9532,032
Goodwill 1,666 1,5671,610
Intangible assets, net (excluding goodwill) 349 386422
Disposal group, including discontinued operation, noncurrent assets    140
Other noncurrent assets 219 8074
Total noncurrent assets: 8,245 5,5835,273
TOTAL ASSETS: 10,451 7,5827,751
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 997 876777
Accounts payable 483 523419
Accrued liabilities 441 257268
Taxes payable 32 6155
Interest and dividends payable 41 3535
Debt 805 307422
Disposal group, including discontinued operation    2
Total current liabilities: 1,802 1,1831,201
Noncurrent Liabilities
Long-term debt and lease obligation 2,767 1,3981,415
Long-term debt, excluding current maturities 2,767 1,3981,415
Liabilities, other than long-term debt 1,413 1,2411,317
Deferred tax liabilities, net383370
Deferred income tax liabilities 395 
Liability, pension and other postretirement and postemployment benefits 389 332347
Disposal group, including discontinued operation, liabilities    1
Other liabilities 629 527599
Total noncurrent liabilities: 4,181 2,6392,732
Total liabilities: 5,982 3,8233,933
Stockholders' equity
Stockholders' equity attributable to parent 4,268 3,5853,675
Common stock 1 11
Additional paid in capital 1,438 1,3691,864
Accumulated other comprehensive loss (326) (351)(226)
Retained earnings 3,155 2,5662,035
Stockholders' equity attributable to noncontrolling interest 200 174143
Total stockholders' equity: 4,469 3,7593,818
TOTAL LIABILITIES AND EQUITY: 10,451 7,5827,751

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues 3,129 3,3753,072
Revenue, net3,072
Cost of revenue (2,134) (2,158)(1,962)
Cost of goods and services sold    (1,962)
Gross profit: 995 1,2171,110
Operating expenses (489) (306)(522)
Operating income: 506 912588
Nonoperating expense
(Other Nonoperating expense)
 (59) (64)(26)
Interest and debt expense (73) (52)(115)
Income from continuing operations before equity method investments, income taxes: 374 795447
Income from equity method investments 128 8984
Income from continuing operations before income taxes: 501 884531
Income tax expense (54) (145)(432)
Net income: 447 73999
Net loss attributable to noncontrolling interest (71) (46)(45)
Net income available to common stockholders, diluted: 376 69455

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income: 447 73999
Other comprehensive income (loss) 70 (125)188
Comprehensive income: 516 614287
Comprehensive loss, net of tax, attributable to noncontrolling interest (71) (45)(46)
Comprehensive income, net of tax, attributable to parent: 445 569242

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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