Stock Analysis on Net
Stock Analysis on Net

Albemarle Corp. (NYSE:ALB)

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Albemarle Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Accounts payable 15.78 13.28 11.95 8.72 7.41 5.90 5.04 4.96 4.79 4.62 4.55 5.14 5.82 5.82 6.47 6.90 6.13 6.89 6.33 6.11 6.38
Accrued expenses 2.30 3.27 2.79 2.64 5.85 6.96 8.83 2.94 3.68 4.22 4.67 4.14 5.23 5.84 3.66 3.56 3.62 3.39 3.45 3.62 3.48
Current portion of long-term debt 0.01 0.01 1.82 2.01 4.41 3.55 0.01 0.01 0.01 7.70 5.90 3.99 0.36 1.90 6.63 6.06 5.41 4.05 3.82 2.77 0.52
Dividends payable 0.27 0.30 0.33 0.37 0.40 0.41 0.42 0.42 0.44 0.39 0.40 0.40 0.41 0.39 0.48 0.48 0.49 0.46 0.47 0.48 0.49
Liabilities held for sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03
Income taxes payable 1.61 0.87 1.11 0.49 0.35 0.25 0.39 0.79 0.31 0.31 0.24 0.29 0.29 0.33 0.21 0.29 0.59 0.80 0.97 0.85 0.61
Current liabilities 19.96% 17.73% 17.99% 14.23% 18.42% 17.08% 14.69% 9.12% 9.26% 17.24% 15.76% 13.97% 12.11% 14.29% 17.46% 17.30% 16.24% 15.61% 15.05% 13.82% 11.50%
Long-term debt, excluding current portion 18.41 20.80 22.55 25.60 17.39 18.26 18.66 18.93 19.73 26.48 28.74 30.80 31.53 29.03 16.97 17.28 17.71 18.44 18.85 18.66 19.02
Postretirement benefits 0.19 0.21 0.31 0.34 0.38 0.40 0.43 0.44 0.46 0.46 0.49 0.50 0.51 0.52 0.56 0.57 0.58 0.61 0.69 0.69 0.69
Pension benefits 0.91 1.03 1.36 1.64 1.91 2.09 2.77 2.87 3.08 3.26 2.79 2.80 2.90 2.96 3.35 3.45 3.58 3.76 3.72 3.73 3.93
Noncurrent liabilities held for sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
Other noncurrent liabilities 3.91 4.12 4.32 4.72 5.69 6.05 5.70 5.71 6.02 6.02 5.98 6.59 7.81 7.65 7.60 7.53 7.83 6.95 7.39 7.34 7.79
Deferred income taxes 2.77 3.11 3.10 3.13 3.34 3.22 3.33 3.97 3.70 3.78 3.96 3.99 4.09 4.03 4.83 4.78 4.97 5.05 5.06 4.86 4.88
Noncurrent liabilities 26.19% 29.27% 31.64% 35.44% 28.71% 30.02% 30.89% 31.92% 32.99% 40.00% 41.97% 44.67% 46.85% 44.20% 33.31% 33.60% 34.67% 34.81% 35.71% 35.28% 36.31%
Total liabilities 46.15% 47.01% 49.64% 49.67% 47.14% 47.10% 45.58% 41.04% 42.25% 57.24% 57.73% 58.64% 58.96% 58.49% 50.77% 50.90% 50.91% 50.42% 50.77% 49.10% 47.81%
Common stock, $.01 par value 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Additional paid-in capital 16.69 19.03 21.21 23.38 25.54 26.61 26.90 26.93 28.08 13.76 13.79 13.77 14.15 14.03 16.94 16.96 17.38 18.06 18.21 21.35 24.55
Accumulated other comprehensive loss -2.92 -3.63 -5.19 -4.05 -3.45 -3.58 -3.38 -3.04 -3.40 -3.12 -3.89 -4.24 -5.35 -4.01 -5.35 -4.32 -4.54 -4.63 -4.20 -4.00 -2.31
Retained earnings 38.67 36.24 32.65 29.27 28.94 28.22 29.04 33.20 31.15 30.19 30.41 30.03 30.56 29.85 35.52 34.29 33.80 33.85 33.11 31.63 28.04
Total Albemarle Corporation shareholders’ equity 52.45% 51.65% 48.69% 48.60% 51.04% 51.26% 52.57% 57.10% 55.84% 40.84% 40.31% 39.57% 39.38% 39.88% 47.12% 46.96% 46.66% 47.29% 47.13% 49.00% 50.29%
Noncontrolling interests 1.40 1.35 1.68 1.72 1.83 1.64 1.86 1.85 1.91 1.92 1.96 1.79 1.66 1.64 2.11 2.14 2.44 2.29 2.10 1.91 1.89
Total equity 53.85% 52.99% 50.36% 50.33% 52.86% 52.90% 54.42% 58.96% 57.75% 42.76% 42.27% 41.36% 41.04% 41.51% 49.23% 49.10% 49.09% 49.58% 49.23% 50.90% 52.19%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Accounts payable
Accounts payable as a percentage of total liabilities and equity exhibited a general upward trend over the analyzed period. Starting at 6.38% in March 2018, it declined slightly until mid-2020 but then increased significantly, reaching 15.78% by March 2023, indicating rising short-term obligations to suppliers or vendors.
Accrued expenses
Accrued expenses remained relatively stable around 3.4% to 3.6% of total liabilities and equity through 2018 and early 2019, spiked sharply to 8.83% in September 2021, before declining again to 2.3% in March 2023. This volatility suggests fluctuations in accrued operational costs or contingent liabilities.
Current portion of long-term debt
This metric fluctuated substantially, with peaks exceeding 7% during late 2020, and lows near zero in early 2021 and early 2023. Such variability indicates adjustments in short-term debt repayments or refinancing activities.
Dividends payable
Dividends payable represented a small and steadily declining fraction of total liabilities and equity, decreasing from approximately 0.49% in early 2018 to 0.27% in early 2023, signaling a reduction in outstanding dividend obligations.
Income taxes payable
Income taxes payable showed irregular fluctuations but generally remained below 1.5%, ending higher at 1.61% in March 2023, which may reflect changing tax obligations or timing differences in tax payments.
Current liabilities
Current liabilities as a proportion of total liabilities and equity varied considerably, initially rising from approximately 11.5% to above 17% through late 2019 and 2020, dipping during mid-2021, and climbing back near 20% by early 2023, indicating shifting short-term funding needs or operational liabilities.
Long-term debt, excluding current portion
Long-term debt proportion demonstrated a declining trend from 19% in early 2018 to roughly 18.4% in early 2023, with an anomalous spike around late 2019 to early 2020 (exceeding 30%), suggesting a temporary increase in long-term borrowing possibly related to financing or restructuring events.
Postretirement benefits
Postretirement benefits steadily decreased from 0.69% in 2018 to 0.19% in 2023, reflecting a reduction in these liabilities relative to total capitalization.
Pension benefits
Pension benefits similarly declined from near 4% in early 2018 to under 1% by 2023, indicative of either payments reducing pension-related liabilities or changes in actuarial assumptions.
Other noncurrent liabilities
Other noncurrent liabilities showed a downward movement from roughly 7.8% in 2018 to 3.9% in 2023, indicating a sustained decrease in these longer-term obligations.
Deferred income taxes
Deferred income taxes declined gradually from nearly 5% to 2.77% over the period, reflecting possible tax structure or timing changes affecting these deferred obligations.
Noncurrent liabilities
Noncurrent liabilities experienced volatility with a notable peak of over 44% in late 2019, followed by a decline to 26.2% in early 2023, tracking a reduction in long-term obligations relative to total funding over time.
Total liabilities
Total liabilities fluctuated, peaking near 59% in 2019-2020, then declining to approximately 46% in early 2023, indicating an overall reduction in leverage or debt financing ratio.
Common stock
Common stock remained constant at approximately 0.01% of total liabilities and equity, implying no significant changes in par value stock capital.
Additional paid-in capital
Additional paid-in capital decreased sharply from 24.55% in early 2018 to below 17% in 2019, then briefly surged to over 28% in early 2021 before declining again to 16.69% by 2023, showing substantial fluctuations possibly tied to equity transactions or stock issuances.
Accumulated other comprehensive loss
Accumulated other comprehensive loss fluctuated between -2.3% and -5.35%, without clear directional trend, suggesting variable impacts from unrealized gains/losses or currency effects.
Retained earnings
Retained earnings trended steadily upward from 28% in 2018 to nearly 39% in early 2023, revealing improved profitability retention or accumulation over time.
Total shareholders’ equity
Total equity exhibited variability, declining from approximately 50-52% in early 2018-2019 to a low around 40% in 2019-2020, then rebounding strongly to above 52% by 2023, marking changes in capital structure and the relative financing mix.