Cash flow Albemarle Corporation

Equities

ALB

US0126531013

Specialty Chemicals

Market Closed - Nyse Other stock markets 04:00:02 2024-12-06 pm EST			5-day change	1st Jan Change
104.96 ^USD	+3.82%		-2.80%	-27.35%

Dec. 06	Albemarle Insider Sold Shares Worth $255,328, According to a Recent SEC Filing	MT
Dec. 04	Albemarle Corporation Presents at 9th Annual Lithium and Battery Supply Chain Conference, Dec-04-2024 08:00 AM

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Published financial data: ALBEMARLE CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3.59B	3.13B	3.33B	7.32B	9.62B
Total Revenues	3.59B	3.13B	3.33B	7.32B	9.62B
Cost of Goods Sold, Total	2.33B	2.13B	2.32B	4.24B	8.42B
Gross Profit	1.26B	997M	1.01B	3.08B	1.2B
Selling General & Admin Expenses, Total	439M	427M	347M	439M	644M
R&D Expenses	58.29M	59.21M	54.03M	71.98M	85.72M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	497M	486M	401M	511M	730M
Operating Income	763M	510M	607M	2.57B	467M
Interest Expense, Total	-52.87M	-73.12M	-32.52M	-104M	-116M
Interest And Investment Income	-	-	-	-	19.3M
Net Interest Expenses	-52.87M	-73.12M	-32.52M	-104M	-96.77M
Income (Loss) On Equity Invest.	130M	128M	95.77M	772M	1.85B
Currency Exchange Gains (Loss)	-27.4M	-28.8M	100K	-21.8M	39.9M
Other Non Operating Income (Expenses)	15.53M	6.63M	-24.74M	44.51M	80.27M
EBT, Excl. Unusual Items	827M	543M	646M	3.26B	2.34B
Restructuring Charges	-5.88M	-19.9M	-3.03M	-4.3M	-11.8M
Merger & Related Restructuring Charges	-20.7M	-17.26M	-12.67M	-16.26M	-26.77M
Impairment of Goodwill	-	-	-	-	-6.76M
Gain (Loss) On Sale Of Investments	-	7.2M	-	4.3M	-39.23M
Gain (Loss) On Sale Of Assets	11.1M	3.6M	296M	-8.4M	71.19M
Asset Writedown	-	-	-	-	-
Insurance Settlements	-	-	-	-	7.3M
Legal Settlements	-	1.2M	-668M	100K	-234M
Other Unusual Items	-119M	-16.5M	-28.96M	-27.62M	-4.1M
EBT, Incl. Unusual Items	693M	501M	229M	3.21B	2.1B
Income Tax Expense	88.16M	54.42M	29.45M	391M	430M
Earnings From Continuing Operations	604M	447M	200M	2.82B	1.67B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	604M	447M	200M	2.82B	1.67B
Minority Interest	-71.13M	-70.85M	-76.27M	-125M	-97.07M
Net Income - (IS)	533M	376M	124M	2.69B	1.57B
Net Income to Common Incl Extra Items	533M	376M	124M	2.69B	1.57B
Net Income to Common Excl. Extra Items	533M	376M	124M	2.69B	1.57B
Per Share Items
Net EPS - Basic	5.03	3.53	1.07	22.97	13.41
Basic EPS - Continuing Operations	5.03	3.53	1.07	22.97	13.41
Basic Weighted Average Shares Outstanding	106M	106M	116M	117M	117M
Net EPS - Diluted	5.02	3.52	1.06	22.84	13.36
Diluted EPS - Continuing Operations	5.02	3.52	1.06	22.84	13.36
Diluted Weighted Average Shares Outstanding	106M	107M	117M	118M	118M
Normalized Basic EPS	4.21	2.52	2.83	16.32	11.66
Normalized Diluted EPS	4.2	2.51	2.81	16.22	11.62
Dividend Per Share	1.47	1.54	1.56	1.58	1.6
Payout Ratio	28.54	43.06	143.81	6.86	11.9
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	976M	742M	861M	2.87B	897M
EBITA	790M	535M	633M	2.59B	495M
EBIT	763M	510M	607M	2.57B	467M
EBITDAR	1.02B	797M	923M	2.93B	991M
Effective Tax Rate - (Ratio)	12.73	10.86	12.84	12.18	20.48
Current Domestic Taxes	26.71M	-333K	12.42M	38.2M	-57.64M
Current Foreign Taxes	47.06M	56.73M	55.53M	259M	387M
Total Current Taxes	73.77M	56.4M	67.95M	297M	329M
Deferred Domestic Taxes	5.89M	1.67M	-43.96M	80.54M	-12.7M
Deferred Foreign Taxes	8.51M	-3.65M	5.46M	12.8M	114M
Total Deferred Taxes	14.39M	-1.98M	-38.5M	93.34M	101M
Normalized Net Income	446M	268M	327M	1.91B	1.37B
Interest Capitalized	30.2M	30.4M	50M	31.1M	72.7M
Interest on Long-Term Debt	83.1M	104M	82.48M	135M	189M
Non-Cash Pension Expense	19.36M	41.41M	-77.37M	-48.09M	-2.95M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	58.29M	59.21M	54.03M	71.98M	85.72M
Net Rental Expense, Total	48.19M	54.26M	61.42M	65.86M	93.62M
Imputed Operating Lease Interest Expense	13.09M	13.03M	12.95M	24.07M	36.9M
Imputed Operating Lease Depreciation	35.1M	41.23M	48.48M	41.79M	56.72M
Stock-Based Comp., Other (Total)	21.3M	19.3M	18.8M	31.4M	39M
Total Stock-Based Compensation	21.3M	19.3M	18.8M	31.4M	39M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	613M	747M	439M	1.5B	890M
Total Cash And Short Term Investments	613M	747M	439M	1.5B	890M
Accounts Receivable, Total	613M	531M	557M	1.19B	1.21B
Other Receivables	140M	107M	143M	258M	622M
Total Receivables	752M	638M	700M	1.45B	1.84B
Inventory	769M	750M	813M	2.08B	2.16B
Prepaid Expenses	83.64M	57.53M	49.93M	156M	324M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	6.93M	13.86M	5.8M	6.72M	6.6M
Total Current Assets	2.23B	2.21B	2.01B	5.19B	5.22B
Gross Property Plant And Equipment	6.95B	7.56B	8.23B	9.48B	12.37B
Accumulated Depreciation	-1.91B	-2.07B	-2.17B	-2.39B	-2.74B
Net Property Plant And Equipment	5.04B	5.49B	6.06B	7.09B	9.63B
Long-term Investments	580M	656M	898M	1.15B	1.37B
Goodwill	1.58B	1.67B	1.6B	1.62B	1.63B
Other Intangibles, Total	355M	349M	309M	288M	262M
Deferred Tax Assets Long-Term	15.28M	20.32M	18.8M	46.43M	22.43M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	63.92M	62.66M	78.7M	75.95M	137M
Total Assets	9.86B	10.45B	10.97B	15.46B	18.27B
Liabilities
Accounts Payable, Total	574M	483M	648M	2.05B	2.09B
Accrued Expenses, Total	292M	277M	266M	396M	514M
Current Portion of Long-Term Debt	187M	804M	388M	-	620M
Current Portion of Leases	23.77M	22.94M	33.02M	37.64M	36.34M
Current Income Taxes Payable	32.46M	32.25M	27.67M	135M	255M
Unearned Revenue Current, Total	-	-	-	-	-
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	299M	183M	511M	121M	46.67M
Total Current Liabilities	1.41B	1.8B	1.87B	2.74B	3.56B
Long-Term Debt	2.8B	2.71B	1.93B	3.14B	3.44B
Long-Term Leases	174M	175M	201M	174M	218M
Unearned Revenue Non Current	-	-	-	-	78.03M
Pension & Other Post Retirement Benefits	343M	389M	273M	192M	177M
Deferred Tax Liability Non Current	398M	395M	353M	481M	558M
Other Non Current Liabilities	640M	513M	537M	537M	577M
Total Liabilities	5.77B	5.98B	5.17B	7.27B	8.61B
Common Stock, Total	1.06M	1.07M	1.17M	1.17M	1.17M
Additional Paid In Capital	1.38B	1.44B	2.92B	2.94B	2.95B
Retained Earnings	2.94B	3.16B	3.1B	5.6B	6.99B
Comprehensive Income and Other	-396M	-326M	-392M	-561M	-529M
Total Common Equity	3.93B	4.27B	5.63B	7.98B	9.41B
Minority Interest	161M	200M	180M	208M	253M
Total Equity	4.09B	4.47B	5.81B	8.19B	9.67B
Total Liabilities And Equity	9.86B	10.45B	10.97B	15.46B	18.27B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	106M	117M	117M	117M	117M
ECS Total Common Shares Outstanding	106M	107M	117M	117M	117M
Book Value / Share	37.08	39.95	48.07	68.13	80.2
Tangible Book Value	2B	2.25B	3.72B	6.08B	7.52B
Tangible Book Value Per Share	18.85	21.09	31.78	51.87	64.08
Total Debt	3.19B	3.71B	2.55B	3.35B	4.31B
Net Debt	2.54B	2.93B	2.08B	1.81B	3.21B
Debt Equivalent of Unfunded Proj. Benefit Obligation	299M	348M	236M	167M	159M
Debt Equivalent Oper. Leases	386M	434M	491M	527M	749M
Minority Interest, Total (Incl. Fin. Div)	161M	200M	180M	208M	253M
Equity Method Investments, Total	534M	605M	593M	832M	855M
Account Code - Inventory Valuation	5	5	5	5	5
LIFO Reserve, Total	30.8M	29.7M	45.3M	57.9M	60.1M
Inventories - Raw Materials, Total	96.48M	90.3M	110M	164M	188M
Inventories - Work In Process, Total	109M	130M	149M	133M	213M
Inventories - Finished Goods, Total	496M	454M	474M	1.68B	1.62B
Inventories - Others	67.56M	76.18M	79.86M	99.56M	135M
Land - (BS)	117M	121M	118M	172M	297M
Buildings, Total	338M	355M	384M	493M	699M
Machinery, Total	3.36B	3.56B	3.62B	4.45B	6.17B
Full Time Employees	6K	5.9K	6K	7.4K	9K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	3.71M	2.08M	2.56M	2.53M	2.81M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	533M	376M	124M	2.69B	1.57B
Depreciation & Amortization - CF	186M	207M	229M	276M	402M
Amortization of Goodwill and Intangible Assets - (CF)	27.12M	24.92M	25.33M	24.71M	28.03M
Depreciation & Amortization, Total	213M	232M	254M	301M	430M
(Gain) Loss From Sale Of Asset	-14.41M	-7.17M	-296M	8.4M	-71.19M
(Gain) Loss on Sale of Investments - (CF)	-2.81M	-4.64M	-3.82M	3.28M	39.86M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-130M	-128M	-95.77M	-772M	-1.85B
Stock-Based Compensation (CF)	19.68M	22.84M	20.12M	30.47M	36.54M
Tax Benefit from Stock Options	-	-	-	-	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	214M	394M	230M	1.06B	2.69B
Change In Accounts Receivable	-18.22M	100M	-49.3M	-786M	-351M
Change In Inventories	-46.3M	51.98M	-127M	-1.61B	-963M
Change In Accounts Payable	-12.23M	-31.52M	144M	1.29B	-283M
Change in Other Net Operating Assets	-37.58M	-207M	144M	-306M	81.65M
Cash from Operations	719M	799M	344M	1.91B	1.33B
Capital Expenditure	-852M	-850M	-954M	-1.26B	-2.15B
Sale of Property, Plant, and Equipment	10.36M	-	-	-	-
Cash Acquisitions	-820M	-22.57M	-	-162M	-426M
Divestitures	-	-	290M	-	-
Investment in Marketable and Equity Securities, Total	-2.18M	9.48M	-2.71M	1.24M	-206M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-1.66B	-864M	-667M	-1.42B	-2.78B
Long-Term Debt Issued, Total	1.6B	590M	60.99M	1.96B	973M
Total Debt Issued	1.6B	590M	60.99M	1.96B	973M
Long-Term Debt Repaid, Total	-302M	-250M	-1.17B	-1.1B	-28.86M
Total Debt Repaid	-302M	-250M	-1.17B	-1.1B	-28.86M
Issuance of Common Stock	4.81M	40.44M	1.47B	2.78M	190K
Repurchase of Common Stock	-11.03M	-5.14M	-8.14M	-13.34M	-27.47M
Common Dividends Paid	-152M	-162M	-178M	-184M	-187M
Common & Preferred Stock Dividends Paid	-152M	-162M	-178M	-184M	-187M
Other Financing Activities, Total	-95.12M	-36.01M	-123M	-60.68M	-106M
Cash from Financing	1.04B	177M	50.21M	612M	624M
Foreign Exchange Rate Adjustments	-40.65M	21.01M	-35.33M	-37.22M	223M
Net Change in Cash	57.79M	134M	-307M	1.06B	-609M
Supplemental Items
Cash Interest Paid	45.53M	66.38M	27.73M	92.1M	102M
Cash Income Tax Paid (Refund)	170M	52.1M	131M	248M	319M
Levered Free Cash Flow	-19.66M	-397M	47.09M	-273M	-1.9B
Unlevered Free Cash Flow	13.38M	-351M	67.42M	-208M	-1.83B
Change In Net Working Capital	-154M	71.11M	-369M	883M	438M
Net Debt Issued / Repaid	1.3B	340M	-1.11B	868M	944M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.47	3.14	3.54	12.14	1.73
Return on Total Capital	7.48	4.13	4.59	16.12	2.29
Return On Equity %	15.39	10.43	3.89	40.23	18.71
Return on Common Equity	14.19	9.16	2.5	39.53	18.09
Margin Analysis
Gross Profit Margin %	35.09	31.86	30.3	42.05	12.45
SG&A Margin	12.22	13.65	10.43	6	6.7
EBITDA Margin %	27.19	23.73	25.88	39.17	9.33
EBITA Margin %	22	17.11	19.01	35.4	5.15
EBIT Margin %	21.25	16.31	18.25	35.06	4.86
Income From Continuing Operations Margin %	16.84	14.27	6.01	38.46	17.37
Net Income Margin %	14.86	12.01	3.72	36.75	16.36
Net Avail. For Common Margin %	14.86	12.01	3.72	36.75	16.36
Normalized Net Income Margin	12.43	8.58	9.84	26.1	14.23
Levered Free Cash Flow Margin	-0.55	-12.69	1.42	-3.73	-19.75
Unlevered Free Cash Flow Margin	0.37	-11.23	2.03	-2.84	-19
Asset Turnover
Asset Turnover	0.41	0.31	0.31	0.55	0.57
Fixed Assets Turnover	0.89	0.59	0.58	1.11	1.15
Receivables Turnover (Average Receivables)	5.89	5.47	6.12	8.38	8
Inventory Turnover (Average Inventory)	3.17	2.81	2.97	2.95	3.97
Short Term Liquidity
Current Ratio	1.58	1.22	1.07	1.89	1.47
Quick Ratio