Stock Analysis on Net

Albemarle Corp. (NYSE:ALB)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Common-Size Balance Sheet: Assets

Paying user area

The data is hidden behind: . Unhide it.

This is a one-time payment. There is no automatic renewal.


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Albemarle Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash and cash equivalents
Trade accounts receivable, less allowance for doubtful accounts
Value added tax/consumption tax
Other
Other accounts receivable
Inventories
Income tax receivables
Prepaid taxes
Other prepaid expenses
Other
Other current assets
Current assets
Net property, plant and equipment
Joint ventures
Available for sale debt securities
Nonmarketable securities
Marketable equity securities
Investments
Deferred income taxes
Assets related to unrecognized tax benefits
Operating lease right-of-use assets
Other
Other assets
Goodwill
Other intangibles, net of amortization
Noncurrent assets
Total assets

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).


Cash and Cash Equivalents
The proportion of cash and cash equivalents as a percentage of total assets showed a fluctuating trend, starting at 7.32% in 2018, declining to a low of 4% in 2021, before rising significantly to 9.7% in 2022. This indicates a recent increase in liquidity.
Trade Accounts Receivable
Trade accounts receivable, net of doubtful accounts, declined from 7.99% in 2018 to a low near 5.07% in 2021, then increased to 7.71% in 2022. This suggests a reduction in outstanding receivables in the mid-period followed by a recovery.
Value Added Tax/Consumption Tax
Value added tax as a percentage of total assets remained relatively stable around 0.5% until 2020, decreasing to 0.33% in 2021, then rising sharply to 0.92% in 2022, reflecting potential changes in tax recoverable or collection timing.
Other Accounts Receivable
Other accounts receivable were steady around 0.6-0.7% from 2018 to 2021 and then doubled to 1.2% in 2022, indicating an increase in miscellaneous receivables or advances.
Inventories
Inventories showed a general decline from 9.24% in 2018 to 7.18% in 2020, slightly increasing to 7.41% in 2021, before rising significantly to 13.43% in 2022. This pronounced increase in the latest period highlights a buildup of stock levels, which could signal inventory accumulation or slower turnover.
Income Tax Receivables
Income tax receivables fluctuated annually without a clear trend, ranging between 0.43% and 0.73%, ending at 0.46% in 2022. These variations suggest periodic timing differences in tax settlements.
Prepaid Taxes
Prepaid taxes appear starting only in 2021 at 0.11%, rising to 0.63% in 2022, which may indicate changes in tax payment schedules or increased prepaid expenses related to tax.
Other Prepaid Expenses
Other prepaid expenses declined from 0.85% in 2019 to 0.34% in 2021 and remained stable in 2022, suggesting reduced prepaid cost allocation over time.
Other Current Assets
Other current assets increased from 1.12% in 2018 to 1.65% in 2019, then declined and stabilized around 1.1-1.5% through 2022, indicating minor fluctuations in miscellaneous current assets.
Current Assets
Overall current assets as a percentage of total assets decreased steadily from 26.36% in 2018 to 18.3% in 2021, followed by a substantial increase to 33.56% in 2022. The sharp rise in 2022 is largely driven by increases in cash, inventories, and other current assets, marking a significant shift towards higher current asset holdings.
Net Property, Plant, and Equipment
There was a steady increase in net property, plant, and equipment from 39.85% in 2018 to a peak of 53.85% in 2021, then a notable decrease to 45.05% in 2022. This pattern suggests significant investment in fixed assets through 2021 with partial divestment or depreciation impact in 2022.
Joint Ventures
The percentage of joint ventures remained relatively stable between 5.38% and 6.41% over the period, indicating consistent levels of equity interest in joint operations.
Available for Sale Debt Securities
This line item was recorded only in 2021 and 2022, starting at 2.25% and decreasing to 1.68%, suggesting new investment in debt securities followed by partial reduction.
Marketable Securities and Investments
Nonmarketable securities and marketable equity securities decreased slightly over the years, with marketable equities declining from 0.44% to 0.26%. Total investments fluctuated, dropping from 6.97% in 2018 to 5.88% in 2019, then recovering to 8.18% in 2021 before falling to 7.44% in 2022, reflecting variable investment positions.
Deferred Taxes and Tax-Related Assets
Deferred income taxes and assets related to unrecognized tax benefits showed minor fluctuations but a gradual increase in deferred taxes from 0.15% in 2019 to 0.3% in 2022, indicating higher deferred tax assets over time.
Operating Lease Right-of-Use Assets
Starting from no data in 2018, the right-of-use assets appeared in 2019 at 1.36%, remaining relatively stable around 1.3-1.4% before decreasing to 0.83% in 2022, possibly due to lease term expirations or reassessments.
Other Noncurrent Assets
Other noncurrent assets exhibited minor fluctuations, peaking at 2.3% in 2021 and declining to 1.62% in 2022, showing modest variation in long-term miscellaneous assets.
Goodwill
Goodwill demonstrated a consistent downward trend, dropping from 20.67% in 2018 to 10.47% in 2022. This reduction may be due to impairment charges or asset reclassifications.
Other Intangibles
Other intangible assets, net of amortization, decreased steadily from 5.09% in 2018 to 1.86% in 2022, indicating amortization outpacing new acquisitions or disposals of intangible assets.
Noncurrent Assets
The share of noncurrent assets rose from 73.64% in 2018 to a peak of 81.7% in 2021, then decreased markedly to 66.44% in 2022. This inverse movement compared to current assets highlights a shift in asset composition favoring liquidity and working capital in the latest year.
Total Assets
Total assets remain constant as the reference 100% benchmark across all periods.