← ALBEMARLE CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $643.7m | $54.9m | $693.6m | $533.2m | $375.8m | $123.7m | $2.7b | $1.6b | ($1.2b) | ($510.6m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | — | — | — | ($1.3b) | ($677.4m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $680.8m | $99.5m | $739.1m | $604.4m | $446.6m | $199.9m | $2.8b | $1.7b | ($1.1b) | ($465.2m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $441.5m | $54.9m | $693.6m | $533.2m | $375.8m | $123.7m | $2.7b | $1.6b | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $478.6m | $99.5m | $739.1m | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $202.1m | $0 | $0 | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $37.1m | $44.6m | $45.6m | $71.1m | $70.9m | $76.3m | $125.3m | $97.1m | $44.0m | $45.4m | |
| Depreciation, Depletion and Amortization | $226.2m | $196.9m | $200.7m | $213.5m | $232.0m | $254.0m | $300.8m | $429.9m | $588.6m | $658.7m | |
| Amortization of Intangible Assets | $19.0m | $25.1m | $28.0m | $27.1m | $24.9m | $25.3m | $24.7m | $28.0m | $23.0m | $22.4m | |
| Depreciation | $178.8m | $169.5m | $170.0m | $183.3m | $203.6m | $225.6m | $273.0m | $398.5m | $561.4m | $632.4m | |
| Deferred Income Tax Expense (Benefit) | $23.2m | ($41.9m) | $49.2m | $14.4m | ($2.0m) | ($38.5m) | $93.3m | $100.9m | ($230.4m) | $81.2m | |
| Share-based Payment Arrangement, Noncash Expense | $17.0m | $19.4m | $15.2m | $19.7m | $22.8m | $20.1m | $30.5m | $36.5m | $32.1m | $40.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.2m | $8.4m | $17.2m | $11.0m | $5.1m | $8.1m | $13.3m | $27.5m | $11.9m | $7.3m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | $510.3m | $0 | $210.4m | $0 | $7.2m | $296.0m | ($8.4m) | $71.2m | $0 | $0 | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $0 | $6.8m | $0 | $181.1m | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | — | — | $1.2b | — | |
| Gain (Loss) on Disposition of Business | $122.3m | $0 | $210.4m | $0 | $0 | $296.0m | ($8.4m) | $71.2m | $0 | $0 | |
| Gain (Loss) on Extinguishment of Debt | — | ($52.8m) | $0 | ($4.8m) | $0 | ($29.0m) | ($19.2m) | $0 | $0 | ($7.5m) | |
| Income (Loss) from Equity Method Investments | $59.6m | $84.5m | $89.3m | $129.6m | $127.5m | $95.8m | $772.3m | $1.9b | $715.4m | $243.7m | |
| Income Tax Expense (Benefit) | $96.3m | $431.8m | $144.8m | $88.2m | $54.4m | $29.4m | $390.6m | $430.3m | $87.1m | $156.9m | |
| Other Nonoperating Income (Expense) | $5.9m | ($25.6m) | ($64.4m) | ($45.5m) | ($59.2m) | ($603.3m) | $86.4m | $110.9m | $178.3m | $22.7m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $42.8m | $74.5m | $97.4m | $18.2m | ($100.1m) | $49.3m | $786.1m | $350.7m | ($555.2m) | ($47.3m) | |
| Increase (Decrease) in Inventories | ($26.0m) | $101.5m | $124.1m | $46.3m | ($52.0m) | $127.4m | $1.6b | $962.9m | ($1.6b) | ($212.4m) | |
| Increase (Decrease) in Accounts Payable | $44.0m | $53.4m | $73.7m | ($12.2m) | ($31.5m) | $143.9m | — | — | — | — | |
| Asset Retirement Obligation, Accretion Expense | $1.4m | $1.5m | $1.5m | $2.0m | $2.5m | $2.1m | $2.0m | $2.4m | $3.4m | $3.4m | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | $4.3m | ($44.7m) | ($70.8m) | $11.1m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | $4.3m | ($41.4m) | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $2.4m | ($11.1m) | ($10.5m) | ($27.4m) | ($28.8m) | $100k | ($21.8m) | $39.9m | $67.5m | ($18.9m) | |
| Gain (Loss) on Sale of Properties | — | — | — | $14.4m | $0 | $0 | — | — | — | — | |
| Goodwill | $1.5b | $1.6b | $1.6b | $1.6b | $1.7b | $1.6b | $1.6b | $1.6b | $1.6b | $1.5b | |
| Payments of Financing Costs | $0 | $0 | — | $7.5m | $4.0m | $2.2m | $6.7m | $191k | $3.2m | $55k | |
| Proceeds from Stock Options Exercised | $9.4m | $8.2m | $3.6m | $4.8m | $40.4m | $18.4m | $2.8m | $190k | $374k | $3.2m | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | — | — | ($33.7m) | $0 | |
| Unrealized Gain (Loss) on Investments | $3.7m | $3.1m | $527k | $2.8m | $4.6m | $3.8m | ($3.3m) | ($39.9m) | ($30.1m) | $14.1m | |
| Net Cash Provided by (Used in) Operating Activities | $733.4m | $304.0m | $546.2m | $719.4m | $798.9m | $344.3m | $1.9b | $1.3b | $702.1m | $1.3b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $196.7m | $317.7m | $700.0m | $851.8m | $850.5m | $953.7m | $1.3b | $2.1b | $1.7b | $589.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $0 | — | — | — | — | — | — | — | — | |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | — | $6.2m | $0 | $0 | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | $2.9b | ($357.8m) | ($303.7m) | ($1.7b) | ($863.6m) | ($666.6m) | ($1.4b) | ($2.8b) | ($1.6b) | ($146.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | $27.0m | $0 | $1.6b | $452.2m | $0 | $2.0b | $356.0m | $112.4m | $56.7m | |
| Repayments of Long-term Debt | $1.3b | $778.2m | $0 | $175.2m | $250.0m | $1.2b | $705.0m | $28.9m | $112.4m | $505.7m | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | $1.5b | $0 | $0 | — | — | |
| Payments for Repurchase of Common Stock | $0 | $250.0m | $500.0m | $0 | $0 | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $135.4m | $140.6m | $144.6m | $152.2m | $161.8m | $177.9m | $184.4m | $187.2m | $188.5m | $190.5m | |
| Dividends Payable, Current | $34.1m | $35.2m | $35.2m | $38.8m | $40.9m | $45.5m | $46.1m | $46.7m | $61.3m | $61.4m | |
| Proceeds from (Payments for) Other Financing Activities | $0 | $0 | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($1.6b) | ($1.1b) | ($786.5m) | $1.0b | $177.3m | $50.2m | $611.9m | $623.9m | $1.2b | ($834.2m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $21.0m | ($35.3m) | ($37.2m) | $222.7m | ($67.0m) | $123.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $133.6m | ($307.5m) | $1.1b | ($609.2m) | $302.3m | $425.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $746.7m | $439.3m | $1.5b | $889.9m | $1.2b | $1.6b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $96.9m | $61.2m | $49.8m | $45.5m | $66.4m | $27.7m | $92.1m | $102.0m | $150.7m | $180.7m | |
| Income Taxes Paid, Net | $143.4m | $320.2m | $157.8m | $170.4m | $52.1m | $130.8m | $248.1m | $319.4m | $262.8m | $152.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.