ALBEMARLE CORP

10-K & 10-Q Filings

Albemarle Corporation, a registrant under the Securities Exchange Act of 1934, filed an amendment (Form 10-K/A) to its annual report for the year ended December 31, 2023. The amendment was made to include the separate financial statements of Windfield Holdings Pty Ltd as required under Rule 3-09 of Regulation S-X. The financial statements of Windfield for the fiscal year ended December 31, 2023 were not available at the time of the original filing. Albemarle is an accelerated filer and its common stock is traded on various exchanges under the ticker symbol "ALB." The company's business strategy and segments are not specified in the text. The company's website is www.albemarle.com. The amendment also includes certifications of the Chief Executive Officer and Chief Financial Officer, as well as certifications required under the Sarbanes-Oxley Act of 2002. The financial statements of Windfield should be read in conjunction with Albemarle's consolidated financial statements filed with the Company’s Annual Report on Form 10-K.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$2869.01
2745.42
2616.42
2445.55
3651.34
2677.20
3071.98
3374.95
3589.43
3128.91
7320.10
9617.20
2580.25
1360.74
11.62%-47.26%Cost of Revenue (-)
$1891.95
1835.42
1755.01
1674.70
2454.46
1706.63
1962.00
2157.69
2331.65
2134.06
4245.52
8431.29
1303.71
1321.80
14.55%1.39%Gross Profit (+)
$977.06
910.00
861.40
770.85
1196.87
970.58
1109.98
1217.26
1257.78
994.85
3074.59
1185.91
1276.54
38.94
1.78%-96.95%Selling, General & Administrative (-)
$312.14
313.23
162.89
355.13
512.27
380.46
437.90
446.09
533.37
429.83
524.14
919.49
154.31
194.91
10.32%26.32%Research & Development (-)
$77.08
78.92
82.25
88.31
102.87
80.47
84.33
70.05
58.29
59.21
71.98
85.72
20.47
23.53
0.97%14.95%Non-recurring Operating Expenses (-)
$
56.11
139.29
57.38
Operating Expenses (-)
$389.22
503.83
278.50
499.55
754.44
396.02
522.23
305.72
591.66
489.04
604.53
934.03
174.78
218.44
8.28%24.98%Costs & Expenses (Total) (-)
$2281.16
2339.26
2033.51
2174.25
3208.90
2102.65
2484.23
2463.41
2923.30
2623.10
4850.04
9365.32
1478.49
1540.24
13.70%4.18%Operating Income/Loss (+)
$587.84
406.16
582.91
271.30
442.44
574.55
587.75
911.54
666.12
505.81
2470.06
251.88
1101.76
-179.51
-7.42%-116.29%Non-operating Income/Expense (+)
$44.11
39.30
24.81
18.98
79.47
65.53
58.89
24.83
84.09
68.34
858.63
1965.01
478.68
230.40
41.22%-51.87%Earnings before Tax (+)
$550.62
374.59
544.43
213.18
358.19
515.26
446.80
794.70
562.95
373.52
2433.44
246.74
1157.48
-167.57
-7.04%-114.48%Tax Expense (-)
$130.01
82.53
136.32
18.48
29.12
96.26
431.82
144.83
88.16
54.42
390.59
430.28
276.96
-3.72
11.49%-101.34%Income/Loss (Continuing Operations) (+)
$420.61
292.06
408.11
230.44
360.06
478.64
99.47
739.14
474.79
319.09
2042.86
-183.54
880.52
-163.85
-118.61%Income/Loss (Discontinued Operations) (+)
$
-69.53
202.13
Profit/Loss (+)
$464.36
330.13
439.83
160.91
360.06
680.77
99.47
739.14
604.36
446.62
2815.13
1670.54
1276.70
16.65
12.34%-98.70%Net Income/Loss (NCI) (-)
$28.08
18.59
26.66
27.59
25.16
37.09
44.62
45.58
71.13
70.85
125.31
97.07
38.12
14.20
11.94%-62.75%Net Income/Loss (+)
$436.28
311.54
413.17
133.32
334.91
643.67
54.85
693.56
533.23
375.76
2689.82
1573.48
1238.58
2.45
12.37%-99.80%Preferred & Other Distributions (-)
$
11.58
Net Income/Loss (Common) (+)
$436.28
311.54
413.17
133.32
334.91
643.67
54.85
693.56
533.23
375.76
2689.82
1573.48
1238.58
-9.14
12.37%-100.74%EPS (Basic)
$4.82
3.49
4.93
1.69
3.01
5.73
0.49
6.40
5.03
3.53
22.97
13.41
10.57
-0.08
9.75%-100.76%EPS (Diluted)
$4.77
3.47
4.90
1.69
3.00
5.68
0.49
6.34
5.02
3.52
22.84
13.36
10.51
-0.08
9.82%-100.76%Weighted Avg Shares (Basic)
90.52
89.19
83.84
78.70
111.18
112.38
110.91
108.43
105.95
106.40
117.12
117.32
117.23
117.45
2.39%0.19%Weighted Avg Shares (Diluted)
91.52
89.88
84.32
79.10
111.56
113.24
112.38
109.46
106.32
106.81
117.79
117.77
117.84
117.45
2.32%-0.33%Cash
$469.42
477.70
477.24
2489.77
213.73
2269.76
1137.30
555.32
613.11
746.72
1499.14
889.90
1586.73
2055.81
5.99%29.56%Receivables
$355.37
378.97
446.86
385.21
552.83
486.04
534.33
605.71
612.65
530.84
1190.97
1213.16
1351.91
874.04
11.81%-35.35%Inventory
$431.50
428.14
436.05
358.36
508.73
450.26
592.78
700.54
768.98
750.24
2076.03
2161.29
3180.82
1904.83
15.77%-40.12%Other Assets (Current)
$99.34
122.50
122.76
115.51
555.71
100.56
213.15
136.85
230.36
178.38
420.77
952.57
538.10
988.05
22.82%83.62%Assets (Current)
$1355.62
1407.31
1482.91
3348.85
1831.00
3306.62
2477.56
1998.42
2225.11
2206.18
5186.92
5216.92
6657.57
5822.73
13.03%-12.54%Securities & Long-term Investments
$198.43
207.14
212.18
194.04
455.42
457.53
534.06
528.72
579.81
656.24
1150.55
1369.86
1391.23
1259.00
19.20%-9.50%Property, Plant & Equipment (Net)
$1129.48
1296.57
1357.07
1231.87
2484.74
2360.14
2493.31
3021.08
4909.47
5354.63
6963.00
9495.20
7353.49
9756.03
21.35%32.67%Accumulated Depreciation
$1489.95
1522.03
1615.02
1388.80
1396.42
1550.38
1631.03
1777.98
1908.37
2073.02
2476.77
2831.73
14.33%Goodwill & Intangibles
$403.43
371.43
372.41
287.39
4626.86
1894.60
2031.86
1953.31
1933.41
2014.63
1905.50
1891.59
1918.66
1865.29
15.08%-2.78%Other Assets
$116.87
154.84
160.23
160.96
621.48
142.32
213.98
80.14
213.06
219.27
250.56
297.09
243.41
329.28
8.85%35.28%Assets (Non-current)
$1848.20
2029.98
2101.88
1874.25
7784.01
4854.59
5273.21
5583.25
7635.75
8244.76
10269.60
13053.73
10906.78
13209.61
19.45%21.11%Assets (Total)
$3203.82
3437.29
3584.80
5223.10
9615.01
8161.21
7750.77
7581.67
9860.86
10450.95
15456.52
18270.65
17564.36
19032.33
17.15%8.36%Accounts Payable
$386.76
372.31
411.81
428.79
810.63
892.56
776.97
875.88
1198.52
997.17
2220.51
2934.70
2490.38
2045.62
20.23%-17.86%Debt (Current)
$14.42
12.70
24.55
711.10
677.35
247.54
422.01
307.29
210.47
804.68
2.13
625.76
2.17
5.08
40.89%134.24%Other Liabilities (Current)
$
128.71
1.94
518.38
1012.82
Liabilities (Current)
$401.18
385.01
436.36
1139.89
1616.68
1140.10
1200.92
1183.17
1409.00
1801.85
2741.01
3560.46
3505.37
2050.70
21.95%-41.50%Debt (Non-current)
$749.26
686.59
1054.31
2223.03
3174.67
2121.72
1415.36
1397.92
2862.92
2767.38
3214.97
3541.00
3233.39
3519.45
15.16%8.85%Other Liabilities
$374.56
433.69
351.35
371.55
1422.34
956.78
1316.79
1241.48
1495.37
1413.12
1309.69
1504.09
1366.53
1662.46
13.47%21.66%Liabilities (Non-current)
$1123.82
1120.27
1405.66
2594.58
4597.02
3078.50
2732.15
2639.39
4358.29
4180.50
4524.66
5045.09
4599.92
5181.92
14.63%12.65%Liabilities (Total)
$1525.00
1505.28
1842.02
3734.47
6213.70
4218.60
3933.08
3822.57
5767.28
5982.35
7265.68
8605.55
8105.29
7232.61
17.04%-10.77%Retained Earnings
$1798.12
1744.68
1500.36
1410.65
1615.41
2121.93
2035.16
2566.05
2943.48
3155.25
5601.28
6987.02
6792.94
6930.87
13.13%2.03%AOCI
$-222.92
85.26
116.25
-62.41
-421.29
-412.41
-225.67
-350.68
-395.74
-326.13
-560.66
-528.53
-513.34
-597.21
-16.34%Shareholder's Equity
$1678.83
1932.01
1742.78
1488.63
3401.31
3942.60
3817.70
3759.11
4093.58
4468.59
8190.85
9665.10
9459.07
11799.72
17.25%24.75%Liabilities & Equity
$3203.82
3437.29
3584.80
5223.10
9615.01
8161.21
7750.77
7581.67
9860.86
10450.95
15456.52
18270.65
17564.36
19032.33
17.15%8.36%Net Income/Loss
$464.36
330.13
439.83
160.91
360.06
680.77
99.47
739.14
604.36
446.62
2815.13
1670.54
1276.70
16.65
12.34%-98.70%Depreciation & Amortization
$96.75
99.02
107.37
103.57
260.08
226.17
196.93
200.70
213.48
231.98
300.84
429.94
87.27
123.75
14.52%41.80%Increase/Decrease in Working Capital
$93.89
47.71
31.00
7.79
177.83
-260.32
434.20
102.80
99.94
88.51
1198.68
1397.17
764.07
52.32
27.82%-93.15%Share-based Compensation
$-5.54
71.04
-135.84
134.03
-45.24
38.51
19.40
15.23
19.68
22.84
30.47
36.55
10.54
9.32
-11.60%Adjustments to Reconcile Net Income
$23.00
158.64
-6.97
331.70
0.63
52.63
204.51
-192.97
115.02
352.30
-907.28
-345.22
-555.72
81.31
114.63%Net Cash (Operating)
$487.36
488.77
432.86
492.61
360.69
733.40
303.98
546.16
719.37
798.91
1907.85
1325.32
720.98
97.95
9.52%-86.41%Capital Expenditure
$203.74
274.59
157.91
5.86
2270.41
-3128.92
310.85
286.42
841.44
839.48
1261.65
2149.28
415.61
579.32
23.89%39.39%Net Cash (Investing)
$-212.94
-301.16
-157.74
-46.13
-2160.55
2920.49
-357.80
-303.69
-1663.63
-863.57
-1422.65
-2781.16
-539.01
-494.50
8.26%Increase/Decrease in Debt
$-100.18
-63.81
379.81
1876.35
-321.62
-1416.02
-612.46
-113.57
1296.23
339.80
867.55
944.20
-0.71
-620.75
-86962.13%Increase/Decrease in Equity
$-180.86
-63.58
-582.41
-167.64
-4.54
-241.76
-496.37
-2.70
36.48
-3.93
-0.00
0.08
2236.84
2761425.93%Dividends Paid
$57.76
76.74
88.12
99.64
142.59
171.21
177.31
159.35
235.39
193.88
228.64
292.82
99.43
46.91
15.90%-52.82%Net Cash (Financing)
$-329.12
-177.29
-288.05
1609.33
-478.32
-1577.90
-1086.87
-786.53
1042.69
177.26
611.89
623.91
-118.68
1557.30
1412.23%Effect of Exchange Rate
$-5.54
-2.03
12.47
-43.28
2.15
-19.97
8.24
-37.93
-40.65
21.01
-37.22
222.69
24.30
5.16
-78.75%Increase/Decrease in Cash
$-60.23
8.28
-0.46
2012.53
-2276.03
2056.02
-1132.45
-581.98
57.79
133.61
1059.87
-609.24
87.59
1165.91
1231.07%Cash (Beginning)
$529.65
469.42
477.70
477.24
2489.77
213.73
2269.76
1137.30
555.32
613.11
439.27
1499.14
1499.14
889.90
9.92%-40.64%Cash (Ending)
$469.42
477.70
477.24
2489.77
213.73
2269.76
1137.30
555.32
613.11
746.72
1499.14
889.90
1586.73
2055.81
5.99%29.56%NOPAT
$449.04
316.68
436.95
247.77
406.46
681.89
19.71
745.42
561.80
579.51
2866.53
691.13
1365.39
-183.49
4.00%-113.44%Gross Margin %
34.06%
33.15%
32.92%
31.52%
32.78%
36.25%
36.13%
36.07%
35.04%
31.80%
42.00%
12.33%
49.47%
2.86%
Operating Margin %
20.49%
14.79%
22.28%
11.09%
12.12%
21.46%
19.13%
27.01%
18.56%
16.17%
33.74%
2.62%
42.70%
-13.19%
NOPAT Margin %
15.65%
11.53%
16.70%
10.13%
11.13%
25.47%
0.64%
22.09%
15.65%
18.52%
39.16%
7.19%
52.92%
-13.48%
Net Margin %
15.21%
11.35%
15.79%
5.45%
9.17%
24.04%
1.79%
20.55%
14.86%
12.01%
36.75%
16.36%
48.00%
0.18%
Tax Rate %
23.61%
22.03%
25.04%
8.67%
8.13%
-18.68%
96.65%
18.22%
15.66%
-14.57%
-16.05%
-174.39%
-23.93%
-2.22%
ROA
14.02%
9.21%
12.19%
4.74%
4.23%
8.36%
0.25%
9.83%
5.70%
5.55%
18.55%
3.78%
7.77%
-0.96%
ROE
26.75%
16.39%
25.07%
16.64%
11.95%
17.30%
0.52%
19.83%
13.72%
12.97%
35.00%
7.15%
14.43%
-1.56%
ROIC
20.23%
13.32%
17.75%
11.92%
5.41%
14.93%
0.38%
12.98%
7.61%
7.27%
27.60%
5.43%
12.34%
-1.47%
Asset Turnover
0.90
0.80
0.73
0.47
0.38
0.33
0.40
0.45
0.36
0.30
0.47
0.53
0.15
0.07
Inventory Turnover
4.38
4.29
4.02
4.67
4.82
3.79
3.31
3.08
3.03
2.84
2.05
3.90
0.41
0.69
Equity Multiplier
1.91
1.78
2.06
3.51
2.83
2.07
2.03
2.02
2.41
2.34
1.89
1.89
1.86
1.61
Current Ratio
3.38
3.66
3.40
2.94
1.13
2.90
2.06
1.69
1.58
1.22
1.89
1.47
1.90
2.84
Quick Ratio
2.06
2.23
2.12
2.52
0.47
2.42
1.39
0.98
0.87
0.71
0.98
0.59
0.84
1.43
Debt/Equity Ratio
0.45
0.36
0.62
1.97
1.13
0.60
0.48
0.45
0.75
0.80
0.39
0.43
0.34
0.30
Working Capital/Sales
0.24
0.26
0.28
0.23
0.11
0.12
0.21
0.23
0.15
0.19
0.21
0.14
0.70
0.64
R&D/Sales
0.03
0.03
0.03
0.04
0.03
0.03
0.03
0.02
0.02
0.02
0.01
0.01
0.01
0.02
Dividend Payout Ratio %
12.86%
24.23%
20.17%
40.21%
35.08%
25.11%
899.74%
21.38%
41.90%
33.46%
7.98%
42.37%
7.28%
25.56%
Total Payout
$338.79
204.13
290.72
-1609.07
468.75
1587.23
1031.53
769.29
-1058.14
-182.40
-634.99
-651.38
100.06
-1569.17
-1668.25%Payout Ratio %
75.45%
64.46%
66.53%
-649.41%
115.32%
232.77%
5234.34%
103.20%
-188.35%
-31.48%
-22.15%
-94.25%
7.33%
-855.17%